“ethereum mining difficulty reddit”

“ethereum mining difficulty reddit”

If you’re interested in mining Ethereum because you want to make a quick buck, you’re going to be disappointed. If that’s you, then I would say to stick with just buying some Ethereum or Bitcoin on Coinbase and holding onto it for several years. My mantra with mining is this: Don’t just do it for the money. If you want to start mining, it’s probably a good idea for you to care about it as a hobby as well. It might not ever make you big gains, but it’s fun and helps minimize risks
Not sure how I’m kidding myself here, but you’re making the point for me. You don’t mine fiat, you mine cryptos to convert to USD at some point. You’re right to say that that point can be delayed into perpetuity. Over that time horizon, prices can go up, or go down, which determines how “profitable” it is to mine or not mine.
Cloud mining is basically a service that will allow you to pay for hashing power, which is hosted in data centres and sold in Gigahash/seconds (GH/s). Many cloud mining plans are available online but it is important to choose a reliable provider.
ethereum mining is profitable, but there are some other coins available for mining, like monero,that can be a good choice for depending on your purposes. and with the electricity cost how long mining ethereum will be profitable we don’t know. but some are predicting about its better future. one of friend informed me that he is earning good,and he is hoping for more.
You’ll also need a power button, unless your motherboard has one built in (which is fairly rare). This will do the trick, or you can build one into your plastic crate if you plan to go that route (see below).
Hello. I really like your project. I’m not quite a young man and it’s attitude carefully.But it seems to me that you are a team of professionals, and that you have no Ponzi scheme. I wish you success and look forward to long term cooperation. Sincerely, Sergey Tikhonov. ( ser2002den@ya.ru )
Your original link to amazon which included the picoPSU with an adapter is no longer available (404 page). Can you provide the optimal power brick adapter (link to product or recommended specifications) for use with the picoPSU 160xt in this build please?
That said, it’s still very profitable which is why huge farms are being set up because it will continue to be very profitable till the end of time. I have cards to help those who want to mine that I need to get rid of so PM me if you wanna buy some
Ethereum Mining can be done in the comfort of your home. It requires script writing and some knowledge of the command prompt. It is quite easy and exciting once the process is broken down into manageable steps.
Hashing24 is a cloud mining contract provider for individuals who want to get involved in bitcoin mining. The Hashing24 team has been involved in a mining business since 2012. Its initial mining power supplier is one of the industry’s leaders – BitFury.
New to Mining? Learn to Mine Altcoins with MinerGate using your existing hardware. Once you see it in action hit the mining dashboards mining dashboards and profitability charts, learn How Ethereum Mining Works and practice How To Mine Monero using just the CPU on Linux.
Keeps sinking to what? It hasn’t gone below 200 yet. You keep mentioning the $400 and it makes it clear to me you really wish that were the price without realizing how ridiculously overbought and overvalued that price point is. You would do well to learn about the market more before assuming so much.
As much as I despise miners and the very idea of cryptocurrency, I found this article interesting and a little enlightening why people are getting into it late in the game. Even if ETH crashes and burns tomorrow, eventually there will be another to take its place. I don’t see this cycle changing anytime soon either unless governments get involved and start banning mining in their nations.
Power consumption is another major factor. Some GPUs consume as much as 500 Watts of power while there are others which consume as less as 150 Watts. This can be further broken down to power consumption cost per day which stands in at about $1.44 at the highest and $0.43 at the lowest.  
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!
Is Ethereum mining profitable? This is one of the most asked questions about ethereum mining. The response is not so simple and clear because not all the parameters can be anticipated. Profitability depends on the hashrate and on the price of hardware and electricity but also on Eth price and on the how many other people are mining in the network. While most of the parametes are steady the last 2 are can change from on day to another.
At a high level, the goal of buffered pooled mining is to allow each participant in a mining pool to draw ethereum on demand from their current and future hashrate contribution without waiting for a long or unpredictable amount of time. This quantity of ethereum is large enough for many programming purposes, such as micropayments.
Mining works by connecting to the blockchain and verifying transactions by verifying new blocks in the blockchain. By doing this they are securing the network and preventing errors from happening such as double spending. The miners put these blocks through a process by applying a mathematical formula to it, turning the numbers into a shorter, random looking sequence of numbers. This number is the blockchain’s hash. Producing hashes from the data of a blockchain’s block is easy, however it is impossible to work out what the starting data was just by looking at the hash. Each hash is unique and changing even a single character in the hash changes it completely. Here is an excellent video which explains what your computers do when its mining that uses pen and paper as an example (This method is extremely inefficient so do not expect to make a profit off of it.)
If you assume all initial purchases of HW are in the past therefore sunk costs and don’t want to factor those into the picture when determining if you investment was profitable yes you could naively look at this as “ETH is profitable to mine in 2018!” However what you’re really answering is “Is it still wise to continue mining ETH in 2018”

One Reply to ““ethereum mining difficulty reddit””

  1. Sorry for the long reply, but here are devices that do what the website i sent you do to your exact site instead of the average of the zip code used. The first one i list is one that i used when i taught PV (photovotaic) system design classes at the local community college. Honestly, the website gives a solid number that can be adjusted to fit the locality better and i am always happy to help with anything like this since i have 7 years of PV design experience:

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