“ethereum mining news best”

“ethereum mining news best”

Solo mining is when you mine by yourself. The advantage of this is that anything you find is completely yours to keep. Unfortunately, if you only have a few miners it might take a very long amount of time to find “gold.” Furthermore, the frequency of finding gold can also vary extensively. You may have a week where you hit gold thrice, but then nothing for a whole month. Clearly, if you have a lot of miners (GPUs), then the outcome will be more stable, but below 1GH/s mining rate, Solo mining is not advisable if you want a stable return. If you’re not worried about shifts in when you find Eth, then Solo mining a good option above 100Mh/s as you do not need to pay fees to anyone.
If you decide to join a group, then it is important to choose the right group that meets your mining expectations, as well as understand the different payment methods and how they will affect your earnings.
Cryptocurrency mining was, and is most likely to remain, a game of chance – what works great today might not work that well tomorrow, or not at all. Due to the design of the cryptocurrencies and the blockchains, mining difficulty is always increasing, so mining performance is on a constant downslope. In some cases, the currency’s value will go up proportionally, and mining will be profitable, while in other cases it won’t. There are just so many variables at play that it’s nearly impossible to predict the profitability of mining.
On January 1st 2017, $1,000 would have gotten you 1.041 BTC (1 BTC was worth $960 on January 1st), 122.39 ETH (1 ETH was worth $8.17 on January 1st) and 20.622 ZEC (1 ZEC was worth $48.49 on January 1st).
Another risk, though small, is that if you decide to mine on the ETHash algorithm you have to make sure you have enough VRAM (Video Random Access Memory) on the graphics card, as the networks DAG (Directed Acrylic Graph) will be stored on the VRAM. So if you do not have a large enough VRAM size on your GPU you will not be able to mine that coin. At the moment, Ethereum’s DAG file size is 2.1 GB meaning that you will have to mine on a card with more than 2 GBs of VRAM. You can check the DAG size for some popular coins using this website.
Findind a solution is practically running brute force algorithm. The time to find a solution is hard to tell. In the same time blocks are having a predefined maximum size and by convention a blockchain needs to have an averate time interval at which blocks are closed. In order to do that from time to time a variable called difficulty is adjusted based on previous performance.
A miner is a computer set up with that specific purpose in mind – to go through transactions and solve the algorithms as efficiently as possible. For their efforts, miners are rewarded with small amounts of said currency.  Mining typically requires a tremendous amount of processing power, and used to be done using the CPU or the GPU, depending on the currency. CPU mining was popular a while back, with the rise of Bitcoin, but started becoming obsolete when chips designed specifically for mining appeared. These chips, known as ASICs (application-specific integrated circuit) and FPGAs (field-programmable gate array), usually provided significantly better mining performance, and quickly became the go-to options for people looking to go into the mining business, as they outperformed CPU mining and were able to keep up with the constantly-increasing difficulty of mining. This is how Bitcoin mining slowly moved from the masses to specialized groups that were willing to invest in dedicated mining hardware.
That’s ultimately why we created this list of the best mining GPUs, and we didn’t just look into the specific needs of each mining graphics card, but we also included our exclusive price comparison tool to bring you the lowest prices from every corner of the internet.
Hello, I did everything but at the end this message appear in the cmd: ETH: Stratum – connecting to ‘eu1.ethermine.org’ port 4444 No pool specified for Decred! Ethereum-only mining mode is enabled ETHEREUM-ONLY MINING MODE ENABLED (-mode 1) ETH: eth-proxy stratum mode Watchdog enabled Remote management (READ-ONLY MODE) is enabled on port 3333 ETH: Stratum – Cannot connect to eu1.ethermine.org:4444 ETH: Stratum – Failed to connect, retry in 20 sec… ….. this repeats forever When I trace that IP 93.115.31.250 it its all good – nothing is lost: C:\Users\Win10>tracert 93.115.31.250 Tracing route to hst-93-115-31-250.balticservers.eu [93.115.31.250] over a maximum of 30… Read more »
NVIDIA’s GTX 1070 holds a top spot in the ZEC mining charts due to its awesome price/performance ratio. A well-configured GTX 1070 provides a ZEC hash rate of roughly 400-450 MH/s, which translates into a $78 monthly profit when mining with a single GTX 1070. As usual, one of the main advantages of using NVIDIA cards is their power-efficiency, so setting up a multi-GPU rig with GTX 1070s can be a very smart move. Given the card’s availability on the market, its price and its resell value (the GTX 1070 is still a very worthy gaming card that can easily run all modern games at max settings at 1080p and 2160p), the NVIDIA GTX 1070 is definitely a worthy pick for your ZCash mining rig.
While it is a fact that mining this cryptocurrency is a lucrative affair, its profitability does not come even near some currency platforms such as Litecoin Mining and Dash Mining. If your main idea of mining Ethereum is to acquire the cryptocurrency, then it would be just wise to purchase it. Mining hardware is not that cheap, and it wouldn’t be easy to turn a profit unless you are mining on a large scale.

One Reply to ““ethereum mining news best””

  1. Complicating the matter further is that Bitcoin ASICs can often be made to cater to both ends of the spectrum by varying the clock frequency and/or the power provided to the chip (often via a regulated voltage supply). As such, chips can not be directly compared.
    Nanopool is the third largest with 13,2% network hash rate and over 38,000 miners.  Their fee is less than competition at 1%. Minimum payment threshold is 0.2 ETH, but there is a setting where you can raise or lower the minimum. The interface is user friendly and easy for beginners to use.
    NiceHash – This isn’t exactly an Ethereum mining pool, but I though I’d list it here as another option. Basically, you run the NiceHash miner software and NiceHash mines the current most profitable cryptocurrency on the backend. They payout in Bitcoin.

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