“ether mining solo”

“ether mining solo”

Unlike the best mining desktop PCs, which can be used for other day-to-day tasks as normal PCs, mining rigs are specially-designed for one purpose only: to efficiently and effectively mine cryptocurrencies such as Bitcoin.
I say I won’t add anymore cards myself, but I got an RX 570 used on facebook market for $250 a few days ago. I think if you take this approach and slowly try to accumulate at only the best prices then you’ll be profitable, maybe just not at the scale most people want. This was my initial strategy even before the major hike, I just ended up being in the right place and the right time the past few weeks.
If you want a low cost of entry into the world of mining, then the AMD is perfect for you because their cards tend to be cheaper and offer more support and potential for modification. On the other hand, Nvidia Cards have better thermal management and overclocking support within Windows.
https://www.coinhole.us is the first web miner that anyone can use to mine most popular cryptocurrencies on any new gen device even phones and game consoles. They even offer cloud mining solutions at a much more affordable rate for those that don’t have the computing power or don’t want to leave their devices on 24/7.
The GTX 1070 has a steady hash rate of 26 Mh/s with a power draw of about 135W, with a monthly profit of 58.18 USD and a power cost of 8.26 USD per month. This card will take just under 9 months to pay itself off at 500 USD, and 8 months to pay off at 569 CAD.
Miners expend electricity hashing that block with the processing power of their GPU(s). A successful hash result produces produce a unique Proof of Work (PoW) proving that the miner worked on that block.
Will a MSI P45T – C51 Motherboard with a IntelE7500 Core 2Duo processor get me up and running atleast until i can afford something a little better. Im based in South Africa and electricity is cheap but our exchange rate to the dollar is insane 15-1……….
We’ll be seeing ETH go PoS this year, meaning there’s 1million+ graphic cards switching from ETH to other coins as well. This will create huge chaos for sure. Once that happens i hope miners have gotten their ROI
I haven’t designed a system in a few years but the physics and principles don’t change, just the products. To design a full system, all that is needed after figuring out the insolation hours for your spot is how much energy per day on average you want the system to cover. Since solar can last 25+ years (solar panel warrantees and inverters have 25 year warrantees), i would add aging factors to the equation to get a system that should produce well for 20 years at least (prob not needed for mining though honestly).
Not sure:) I think there is a problem with supliers of the hardware. Cryptocurrency is very popular. For example it is difficult to buy a graphic card to the PC because averyone want to mine cryptocurrency.
If you’re into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins.  If you’re a windows guy, here is Windows 10.  If you’re going to be using Windows, you’ll need mining software.  Take a look at this Ethereum Mining on a Windows PC guide.
Second only to Bitcoins, Ethereum and Ether are among the hottest digital assets today when it comes to the world of cryptocurrencies and blockchain based technologies. Mining for Ethereum is much easier compared to mining for Bitcoins simply because of the fact that it is possible to do so even at a home setup without having to invest much.
To forecast costs for pool mining, sum the projected pool fees, electricity bills as well as installation and hardware costs. For solo mining, you incur electricity costs plus hardware and installation costs. With cloud mining, your costs are condensed into the contract charges. You can predict to a reasonable certainty how much ether you will mine based on your firepower, but there’s less certainty on the possible rewards.
Mining Ether takes up a lot of electricity. On the plus side, though, if mining practices are carried out efficiently more income is generated through the sale of Ether. Ethereum mining calculators are available for calculating profits. So, there’s no need to get worked up since you’ll still get a profit at the end.
While all the above contribute significantly to the success of the project, it is equally important to manage the daily operations efficiently. With our own in-house monitoring and alerting platform, we can efficiently manage a large amount of servers with minimal staff per shift. In case of any server failure, the system sends an alert and we can recover the server with minimal downtime. It also provides us with valuable insight and analytical data to further improve the efficiency of the cooling and power consumption.
Yes yes and yes. I’m 100% with you here. issue is if the difficulty currently keeps increasing as it has, there will be no 6 or 8 month ROI it will never come. Unless it really really flattens out it will be infinity ROI for any miner getting in now unless they’re getting their GPU’s for $120/card or so. And yeah we’ve discussed this before and it ultimately comes down to the fact that no one knows the future so it’s all about what you think will happen.
This company is a complete desaster. no ETH payouts so far (started in august). ok, at least the balance grew and I had hope that one day I get the ETH. however, since 8th nov. there has been nothing added to my balance. so mining stopped completely. my recommendation is: don´t be stupid like I was and stay away from this shit. it is a 100% sure loss. no matter how much money you put in there.
It’s just as inaccurate to calculate the rise in difficulty without calculating the rise in price. Also, when Ethereum goes to PoS, GPU mining efforts can just be transferred to other coins and algorithms.
Something I’ve done when building out a GPU mining farm, is to do the OS/DRIVERS/MINING setup and then just clone the solid state drive using a 2 bay hard drive dock with offline clone feature built in.
Now that you have your rig up and running, check out this optimization guide for details on how to modify your GPU BIOS to both increase mining speed and decrease power consumption. If you’re looking to maximize your Ethereum mining efficiency, this is a must-read!
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So with no other alt-coins and no GPU PoW, your options are to try and sell on a depressed market, or to actually realise the actual comput value of having kickass super computers in your lounge room.
Crypterra – new company, offering mostly 2-year proftable cloud mining contracts. Update on Crypterra: Looks like they are a scam, the website disappeared and SSL certificate was revoked. We were paid the last time on january 20, 2018. Discussion here. Before adding them to our website we did a lot of emailing with them and somehow they convinced us that they are a legit company. We also received regular payments. For more detalis you can contact us [2018-01-25].
Another option are dedicated mining cards. These cards are made specifically for miners and offer a hash rate and efficiency bump over their gaming orientated counterparts, without the need for you to do much tweaking (overclocking and undervolting). However, most of these cards do not have display connectors making them useless to gamers. This makes the card worthless for resale, so if something happens to the cryptosphere making crypto worthless, say if some global superpower outlaws Bitcoin and other currencies alike making crypto worthless, you won’t be able to get a penny back from these dedicated cards. If you are confident in the success of cryptocurrency however, and are willing to take the risk, these cards are an excellent option.
As of writing this, with ETH priced at $1,316.79 – I would make a profit of $1.56 daily, $10.90 weekly, $46.72 monthly and $568.42 yearly. Let’s stick with the yearly data, power cost per year would be $65.70. Also, I would mine about 0.4864 ETH after one year.
In the meanwhile, we’ve started to build the shelves for the rigs. The design we’ve came up with does not take a lot of resources while at the same time is enough to safely hold all the rigs. At first, we were about to order steel bars for the rigs when we’ve realized that aluminum ones would do even better.
To start mining with your GPU, key in ‘ethminer –G’ followed by the enter key. This will initiate the mining process after building the DAG ((Directed Acyclic Graph), which is a large file stored in the RAM of your GPU for the purpose of making it ASIC (Application Specific Integrated Circuits) resistant. Ensure that there is sufficient space on your hard drive before getting to this point.
Besides that, he did the wiring for patch panels and switches, as well as the connection between them. I really want to thank him again for his assistance – he helped us to save a lot of time and effort!
Disclosure: Mining equipment metrics are calculated based on a network hash rate of 231,841 GH/s and using a ETH – USD exchange rate of 1 ETH = $ 685.09. These figures vary based on the total network hash rate and on the ETH to USD conversion rate. Equipment cost can vary, block reward is fixed at 3 ETH and future block reward reductions are not taken into account. The electricity price used in generating these metrics is $ 0.12 per kWh. Network hash rate varies over time, this is just an estimation based on current values.
We looked at some popular cloud mining companies and their offerings in 2016, the cost barrier to cloud mine is relatively cheap and users can start mining immediately. There are a number of cloud mining companies offering services. Genesis Mining was the world’s first large scale multi-algorithm based cloud mining service, which provides both bitcoin and altcoin mining solutions. Cldmine.com offers cloud mining services in bitcoin and other cryptocurrencies.

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