“ether mining stats”

“ether mining stats”

The mining demand has driven prices well above their normal retail price. That said, the card achieves a hashrate similar to the GTX 1079 Ti and 1080 models. And it’s a fraction of the price and lower power consumption, at least compared to the 1080. However, you must keep in mind that this older technology will have a lower resale value than these Nvidia models (once it’s no longer suitable for mining).
Just how profitable is it to mine Ethereum? To properly answer this question, let’s start at the beginning: Let’s construct a hypothetical mining rig, plug in some reasonable numbers, and come up with a pragmatic analysis of how much you can earn through Ethereum mining.
If using Standard GPU system with around 50-57 MH/s hash rate, then it could take a few months (around 6 months) to mine a single ether, however, using standard CPU it’s not even possible to mine one ether. Mining calculators can be used to do the reverse calculation as to how much ether is to be mined and accordingly how many GPU’s are required.
Every single rig we build has incredible raw power and can efficiently mine any cryptocurrency to ensure excellent profits for you. Each rig is supercharged with tons of optimisations learnt in our trade.
Some numbers – running ethminer on my CPU gives me a hashrate of 0.248 megahashes per second (MH/s). For comparison, each of my over-clocked AMD R9 390X GPUs gives me a hashrate of about 31.58 MH/s. My GPU gives me 127x the hashrate of my CPU. It is a lowish end CPU AMD FX(tm)-6350 6 core processor and with motherboard + CPU + disk drive + fans consumes about 200 Watts, or 4.8 kilowatt-hours (kWh) per day.
Buy ethereum Hardware for mining ethereum | bitcoin and zcash gpu mining | we have  gpus, motherboards, ssd 6 gpu mining rigs, empty 6 gpu mining cases for ethereum hardware mining | ram for mining | hard-drives for ethereum mining and storage
with my rig, I invested 2500$ for 10x GTX 1060 and I’m making around 24$ / day with the current value of ETN. It took me 3 months to be break even so whatever you hear, yes it’s profitable but nobody know how long it is going to be profitable. Mining cryptocurrency is bet for the future.
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.  
Ethereum introduces a host of new features over the original cryptocurrency, Bitcoin. These features include smart contracts, faster transaction times, and ability to host applications on the Ethereum network. Read more about Smart Contracts and all the additions Ethereum has over Bitcoin!
Proof of Work is where you have to run powerful computers that have high hash rates. Hash rates are the number of “hashes,” or numbers a computer can come up with every second, needed to solve a block. Both of these types of mining have a difficulty factor to them where the more miners there are on the network, the lower the chance you have of mining a block. In other words, the lower your reward is. Here is a good website which has lots of information on the major cryptocurrencies, including their difficulties, block times, and block reward. If you want to check when the last block was mined, and who mined it, you can use this website for Bitcoin, and this one for Ethereum.
This is outsourcing the mining. Cloud mining companies will charge you a fee, usually for a fixed-term contract. A short contract might be one year.Cloud mining is profitable because the GPUs are bought in bulk, hence at discounts.

One Reply to ““ether mining stats””

  1. Second, copy these figures into the Cryptowizzard Mining Calculator, a more sophisticated calculator which allows you to set your electricity costs, which are critical to determining profitability. Unfortunately, this calculator doesn’t automatically retrieve the current price, hashrate and block time. So, we copy those over:
    I did a profitability calculation on Genesis mining DASH contract. It’s not profitable unless the mining difficulty decreases significantly. I believe there are many similarities with DASH and ETH in terms of their profitability. Here’s my foundings:
    The next risk, while not severe, is power. Mining computers draw a lot of power, and depending on the size of the rig, they can easily draw upwards of 1,000 watts. Depending on where you live this could mean that you are mining at a loss everyday.

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