“ether mining speed”

“ether mining speed”

Learn how to build an Ethereum mining rig using the step-by-step guide below. Mining Ethereum is an incredibly profitable use of off-the-shelf PC hardware. Currently, I’m mining roughly $500/mo of Ether using this exact rig.
However, the cost of mining is far from free in this modern day digital gold rush. Hardware costs and energy consumption represent real financial commitment. Regardless, if you build your own systems or are a PC enthusiast, there’s a good chance you have the spare parts lying around to slap a mining rig together and get cracking.  
A: As long as your system meets the general requirements and has at least one GPU with at least 3GB of RAM, you can mine Ethereum.  Some Gaming laptops do have high end cards, but with the considerable heat generated from mining there could be other impacts to your laptop so it’s best to go with a desktop build.  Virtualized environments that you can rent usually do not have enough powerful dedicated GPU in them, or are simply not profitable if they do.  There are currently no ASICs for Ethereum (as it is designed to be an “ASIC Resistant” Proof Of Work hashing algorithim, so if you see ads for one – RUN.  ASIC’s are still profitable for mining some coins (Bitcoin, Dash and Litecoin), but for home built Mining Rigs, Ethereum and other altcoins are still profitable to mine (whereas Bitcoin is not profitable on a home pc – even with many powerful GPU’s do the Bitcoin ASIC technology available).
Dual Power Supply Adapter: $20. Two adapters for one rig, $10 each. The ones we’ve chosen are with cables. You may also put in a paper clip – that’s free, or, if you use a powerful Chinese PSU (one for all your GPUs), you don’t need these adapters at all.
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But what do miners get in return for doing all the heavy lifting?  Ether reward coins.  The catch is that mining tends to require more and more power over time, as more people invest in more powerful hardware.  This is called mining difficulty and increases exponentially with the number of people mining and competing for their Ether reward.
You can get plastic crates in most home improvement stores if you don’t want to ship it from Amazon (it’ll be cheaper, too!). I picked mine up at Lowe’s for under $5 each. You should be able to get everything else on the list at Lowe’s if you happen to have one near you, too. As far as tools go, you’ll need a drill and a knife capable of cutting into whatever plastic crate you buy.
What do you want to optimise for? Lowest upfront cost per unit hashrate? Lowest ongoing cost (upfront + electricity)? Best hashrate per unit electricity? Lowest heat (and electricity) per unit hashrate?
We’re specifically mining on an MSI Z270 XPOWER Gaming Titanium motherboard powered by an Intel Core i5-7600K quad-core processor and 16GB of Corsair Vengeance 2666MHz RAM. It’s more muscle than any miner needs and will surely gobble up a bit more power while mining than is desired. But it’s the simplest of systems we have on hand that’s ready to mine 24/7. CPU horsepower is much less important in a mining rig, so low-power CPUs are preferable at this time.
Genesis mining has had many problems since I got my contract at the end of last June. There are many missing mining days in my history. Many missing payout days. I have a balance that needs to be paid out well above the minimum threshold for payout. Their customer service rarely responds. They had some security issues that threw a wrench in the works that they still haven’t fully accounted for. Fortunately with the crazy run up in price in Dec I have made my investment back. But don’t believe the calculators. They do not account for the rise in difficulty levels. When I started I was getting .1 to .09/day now its down to .01/day.
The computer industry’s use of kilobyte, megabyte, and gigabyte is inconsistent with the SI. The Joint Electron Device Engineering Council (JEDEC) has redefined the prefixes kilo-, mega- and giga- in correspondence with bit and byte as powers of 1024 instead of 1000. Higher prefixes were not redefined by JEDEC.
Unlike Bitcoin, which is now mostly mined using specialized chips (ASICs), Ethereum was built from the ground up to be friendly to GPU mining. That led mining-related sales of graphics cards to soar in recent months as Ether prices took off.
FPGA mining is a very efficient and fast way to mine, comparable to GPU mining and drastically outperforming CPU mining. FPGAs typically consume very small amounts of power with relatively high hash ratings, making them more viable and efficient than GPU mining. See Mining Hardware Comparison for FPGA hardware specifications and statistics.
Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.
When you look the numbers, including power draw, the GeForce GTX 1070 cards appears to be the best performance-per-watt GPU currently on the market.  An honorable mention goes to  the AMD Radeon RX 480 and RX 580 coming in close to the profitability of the 1070 and at lower costs.
Us mere mortals wouldn’t have an R9 290X level of card lying idle. Heck, suppose we do have unused GPU it would be something from 2 gen before it and a mainstream oran entry level card of its time at that, at the very least.
If there are any questions on how to get your rig up and running – or any part of the process – just drop us a line at the bottom of the article – our resident mining guru will help you out. You can also post in our Ether Forum and one of our community should be able to help you out! Also if we’ve got something wrong or it can be explained better let us know!
The Ethererum Mining plans will run for a maximum of 2 years. In case Ethereum (“ETH”) will switch to proof-of-stake before the end of the contract, we will use the hashing power to mine the most profitable coin at that time, for you.
All of this made me consider the idea of building my own GPU mining rigs for sale. Hopefully, this could help more people to get involved in cryptocurrency mining. Also, it is way easier for me to work on the rigs on my own and then deliver you a fully-functional product rather than doing the magic remotely.
You might be not interested in getting a rig from me now, but I would appreciate a lot if you’d tell other people about this offer. Who knows, maybe there is someone you know who could benefit from those rigs.
The latest news in the Bitcoin space is one that has been the making for four years: the Winklevoss’ twins Bitcoin ETF will soon be accepted, or rejected, by the Securities and Exchange Commission (the SEC). This decision will leave ripples in Bitcoin’s history, and it’s the first step to legitimizing Bitcoin’s acceptance with the general public.
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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.
An uncle is a stale block, usually beat to the blockchain by another block. The Ethereum network compensates miners for these though they receive a lesser reward. As you mine a block, you’ll receive a reward for no more than two uncle blocks included. The pay you receive is for uncles up to six blocks back.
It is worth mentioning that this is a side project. I will keep working on 1stminingrig as I did before – I’ve got new articles on the way, I will keep being involved in the community as much as I humanly can.
I don’t disagree with the premise of the difficultly increasing, but these calculators also have to assume a fixed price to arrive at any sort of calculated profit number. If the market price of ETH increases significantly (I’m not here to make the point that it will or won’t), then the profitability looks better. Granted, that would have to keep pace with difficultly increases.
The following component lists might be used to help in building a new rig. To minimize shipping costs, components from the same supplier were preferred over compenents from the least expensive source.
The first thing you need to do is install an operating system on your computer. For the more technically minded there is linux Ubuntu but for the majority Windows is probably best as it automates installing drivers for your computer to talk correctly amongst all the components. The advantage of Ubuntu is it gives you more options and its free!
Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s.

One Reply to ““ether mining speed””

  1. It’s been a while since we updated this series this past summer, but our answer for the “Is it worth it?” question has remained mostly the same. Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. But recently, Ethereum has boomed to be priced at around $700-$800, which has led to a resurgence in mining interest.
    Depending on where you live, electricity can greatly affect the profitability of mining. In the case of a miner in D.C., you would just barely break even if you sold all of your GPUs for $150 a piece.
    If a quieter and exceptionally cooler home and/or work place is paramount, then purchasing components/equipment that usually requires elaborate cooling and ventilation systems, can prove a deciding factor. The noise can prove excruciating over time, especially you are mining close to a place of work. Electronic dust is a problem too, for breathing as well as for the wear and tear of other appliances/parts.
    Mining profitability depends on a few different factors, related to cloud mining the most important two are Ethereum market price and of course cloud mining price. In general, you just need to compare how much you pay to rent the hardware and how much coins you get in return.

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