“ethereum mining gpu guide”

“ethereum mining gpu guide”

Good points in this post. Interesting to see I’m not the only one that is thinking about this. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. Besides coinmarketcap.com there is: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business the business model and much more. For example: https://www.coincheckup.com/coins/Ethereum#analysis For a complete Ethereum Investment research.
Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU. The option was therefore removed from the core Bitcoin client’s user interface.
True that. Most arent interested into Cryptocurrencies at all. They heard somewhere that you can make mad money with just some GPUs. Just look at the Frontpage how many people ask the most basic questions. ” I bought a 3000€ mining rig how do i start it ?”
6x USB Riser Cables –  USB Riser Cables – These are to connect the 6 graphics cards to the motherboard and allow spacing between cards for heat dissipation. These are necessary when building a rig with this many GPU’s.
In this guide, we explain what each field of the Portfolio means and we also list the most frequently asked question and respective answers. Feel free to ask questions in the comment section as we will add these to the FAQ list.
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Maintenance and electricity fees are not billed in an invoice. Instead the fees are deducted from the customer’s balance at the moment of daily payouts. Despite the fact that balance is accounted for in BTC and the fees – in USD, the fees are deducted in BTC according to the current USD/BTC exchange rate which is beneficial for the customer in case the exchange rate trend is positive – more BTC remains in the customer’s balance.
By using the Card Services the Customer hereby agrees and accepts that he will not be allowed and shall be prohibited from withdrawing any amounts that the Customer has deposited and/or is entitled to as a result of the Services rendered by the Service Provider for a period of 30 days. In case the payment by the Customer results in a charge-back or other material issues occur, the Service Provider is entitled to keep all existing, current and future Mining Output.
Another reason why people continue mining even when it’s unprofitable to mine Ethereum is because of their belief that Ethereum will be worth much more in the future.   Even though Ethers are worth around $300-$350 now, in 5 years they might be worth $3000-$3500.  So even if mining now is unprofitable, the coins will rise in value as time goes on.
To others who are reading this comment, this tutorial is for a single slot miner. A single slot miner has an overall lower footprint, both in terms of power draw and overall cost, compared to a multi-GPU miner. They are cost-effective only for those who want to get their feet wet since the cost of entry is fairly low.

One Reply to ““ethereum mining gpu guide””

  1. Shark Mining is a well-regarded company that makes some excellent pre-built mining rigs. Its Shark Mini is a compact rig that comes with four GPUs. The base model comes with GTX 1070 GPUs, but your can configure it to have a 1070 Ti GPU, which could net you an extra 10% profit, and you can also add a touchscreen display for keeping an eye on the rig. Shark Mining estimates a profit of $600 a month if you mine ZCash or Bitcoin, and up to $400 a month with Ethereum, though of course that could change.
    You will receive daily or weekly payouts to your Ethereum wallet address (it depends on the plan, but usually payouts are done daily). You need to pay in advance for hashing power and contracts often come in the form of a 1-year contract or unlimited (until mining with rented hardware is profitable). The only thing to keep eyes on is the current Ethereum value, so that you stay in profit and that you do not pay more for hashing power than you get out of Ethereum production.
    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
    As for what to do with GPU’s post PoW, maybe other coins will come along but if Casper (PoS) proves itself then that kills pretty much all need for PoW on any new coins. I don’t think many people in crypto actually realize how many problems Ethereum solves and that we are looking at a pending extinction level event for just about all other alt-coins, and perhaps Bitcoin also.

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