“ethereum mining network requirements”

“ethereum mining network requirements”

I had bitcoin mining running for like 6 weeks and decided to get some Litecoin mining as well. Got myself 80 MH/s which seems to deliver like 0.4 LTC daily. Not bad at all! Support @ Genesis is great; they answer quickly and the answers are satisfying. Keep up the good work!
Note that buying used cards from crypto miners is not recommended, due to the wear and tear mining places on cards. If you resell your card after it’s no longer useful for mining, you should mention that it was used for mining, then price it accordingly.
it will go down even more, not only because you can mine less and less but also the value of the coin is sinking and sinking (from 400$ per eth down to 200 and keeps sinking) and electricity cost is rising in many countries
So let’s say your rig costs $1400, your power costs $100/month and over six months that is $2000. You could either buy about 6 ETH now or hope that the 6–month yield is more than that. Supposing the yield declines by 1/3 per month. So that’s about 1.5 + 1.0 + 0.666 + 0.444 + 0.3 + 0.2 = 4.4. At that time you’re already yielding less than the cost of electricity per month unless ETH is over $500.
associates. All products and trademarks are the property of their respective owners. Reproduction in whole or in part, in any form or medium, without express written permission of HotHardware.com, LLC. is prohibited. All content and graphical elements are
The SSD will ensure that this system is fast to boot and configure, and you could double the RAM by purchasing two 2 GB DIMMs instead of one. This would slightly increase the hash rate for very little additional cost.
Could I use this setup to install 2 GPUs RX 460 instead of one? I know that will drive the power cost up but Im wondering if the motherboard would take it. I don’t mind an extra 100 watts for 11 MH/s of ETH
Here in brazil, the prices are abusive, but the power cost is very low, at least 19 Cents a watt. Total Hashrate of the project, 52MH’s. In the past months, i’ll go for more, buy at least 4x RX480 Custom. Maybe in US, they will cost 230-250US, here, 1400-1700 BRL.
GPU or graphics Processing unit are mostly used for gaming and other high end works. But after introduction cryptocurrency mining, miners started using GPU to mine cryptocurrency like bitcoins, ethereum, litecoins etc.
I have continuous payouts for about two months since I joined the mining pool. The dashboard layout is convenient and user friendly. Despite being a novice regarding cryptocurrency, the overall experience is pleasant.
From what we have learned from mining bitcoin back in 2013 to mining ethereum now is that the GPU’s that mine Ethereum produce a lot less heat then the SHA256 equipment we used for bitcoin but we have an open rig design to allow air flow to take away heat.
Thanx for the update. It’s still accurate right? And what do you suggest, should I wait for bitcoin to come back as a mining option and upgrade what I have or should I buy Ether/Monero from genesis(which is more profitable)?
AS THE bitcoin price continues to fall, sceptics have started to wonder what will happen to the industry underpinning this digital “crypto-currency”. Around the world, hundreds of thousands of specialised computers have been built to create (or “mine”) bitcoins and, in the process, validate transactions and protect the system. How does bitcoin mining work?
Ethereum mining is difficult on the Windows. Nonetheless, you can mine Ether using a GPU or a CPU device with Windows 64 bit. By running your CPU device, you can generate 0.15 Mega Hashes. On the other hand, using a decent GPU miner with sufficient storage, you can reach the 25 Mega Hashes mark. Thus, with regards to the overall efficiency, and after considering the total electricity charges, a GPU is definitely worth a purchase even if its cost is $200.
Eken Cloud Mining is an easy, cheap, and good way to get or mine Bitcoin, Ethereum, Zcash, Dash or Monero. EKEN Cloud Mining was founded in 2016 in France where the office was set. With the mining operation in Canada, they provide daily payouts to the clients with a minimum amount of 0.0047 BTC and 0.12 ETH. EKEN is giving you a $15 sign account.
A given cryptocurrency that can be mined with the above Mining Algorithm and offered by the Service Provider, and, where applicable, converted from time to time, e.g., Bitcoin, Ethereum or other cryptocurrencies.
1x Custom Mining Case –  I’d recommend an Open Air 6 GPU Mining Case. I’ve built several of these 6 GPU rigs for family and friends using this particular mining case works quite well for airflow and ease of building.
This list is now outdated since AMD released their new RX Vega line. They dominate the competition especially after tweaking. Check out newest review of the best GPUs for mining: https://cryptosrus.com/best-gpu-for-mining/

Leave a Reply

Your email address will not be published. Required fields are marked *