“ethereum mining on windows or linux”

“ethereum mining on windows or linux”

Regardless, I’m going to pick up where Eric left off. With a stack of graphics cards at hand, I am ready to go down the mineshaft. Will this be a fool’s errand, or is there still gold to be found? Let’s find out.
When it comes to cryptocurrencies, they need to be mined as well. This mining is computational and is done by specialised computers that solve very specific math problems. In the case of Bitcoin, only a finite number of them will ever exist – 21 million. So it is possible to solve these math problems, and receive Bitcoin in return till this number is reached.
Second only to Bitcoins, Ethereum and Ether are among the hottest digital assets today when it comes to the world of cryptocurrencies and blockchain based technologies. Mining for Ethereum is much easier compared to mining for Bitcoins simply because of the fact that it is possible to do so even at a home setup without having to invest much.
I bought 2 year though not 1 year. It has been good but I did ask a question related to z cash but I found out the answer to it in the faq. Would have liked more clarity on the subject at least but I know Genesis is a solid company with a 4 year track record. So far the 75 hash that I have been getting because I bought it with bitcoins were good and stable as of the past two days.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ether, the platforms own native cryptocurrency is mined with the “Eth-hash” algorithm. Earned Ethers can be autotraded in the dashboard to Bitcoin, Zcash and other Cryptocurrencies.
I have only been doing this a little over a week, but have seen real deposits of ZEC going into my accounts daily – and so far in amounts that are profitable. I noticed some Genesis Mining identified deposits to others on My Ether Wallet a while back and realized that a lot of people used this service to get started in acquisition of coin. It is great so far.
When a currency (Ethereum) is resistant to ASIC mining, the average person can afford to buy a GPU if they don’t already have one. This allows everyone to verify the network instead of a select few with lots of power.
Payback Never you pay 930 to get back 450 that is not a deal when you can buy a rig off ebay for 3k and make 5k on it even with power cost it is better to own your own equipment not to mention that is the coin your mining is no longer profitable you can move to another coin. would be better to buy the equip and rent it to others at these prices
For me, my aim was to find out more about the Ethereum network as I am a software developer and the possibility of programming smart contracts is like playing with a giant box of Lego Mindstorm, with unlimited pieces.
Today’s greatest news is that we had our first mining rig for configuration – someone called us to help with the hashrate and power consumption. The rig has 6x RX 580 8GB Special Edition, 4x Hynix memory and 2x Samsung memory. The GPU from the back is a XFX 580 8GB!
But even on the pragmatic side, cryptographic mining never made much sense to me. The profit margin is often so short-lived that by the time the average tech enthusiast hears about it, the bubble is ripe to burst. Once a mining algorithm moves to application specific integrated circuits (ASICs), it’s impossible to compete otherwise. Even if the crypto currency du jour doesn’t go ASIC, the mining pool can get saturated, and anyone without a quad-GPU farm (or better) may as well be trying to get to the moon with a (wait, we did that . . .).
Yes it is profitable is you do it the right way. You’ll need to build a mining rig with high powerful resources to make some amazing profits. if you want to know how much Ethereum mining can be profitable, then read the following article.
Calculators give you an estimate of your projected profit. However, they can not 100% predict the future, especially not the Ether price. Some cloud mining providers already give you an estimate of return on investment with their pricing and costs data already filled in, so please check individual providers websites.
A password will be of you at this stage, and extra care should be taken here. Be sure about your password, write it down if possible and be sure to type it in carefully. Press enter once again after typing in the password and voila! Your new account is created.
Does this miner also work for Litecoin purposes, or do you need different hardware for litecoin? Also, can this be set up to mine both/either litecoin/ethereum, at the same time or alternating? I really don’t want to be restricted to only one coin. Excellent guides, BTW
Thanks to some great partnerships we have established with hardware producers, as well as to our large scale purchases, we get better mining prices on our employed technology. This means we buy the hardware cheaper than the market price. What also bears great importance, considering the maintenance costs, is the storage of the miners: we have several farms around the globe, and each location was chosen to fulfill two important criteria: cheap electricity supply and little or no need for cooling.
Ethereum Mining rig requires certain specifications on the hardware as well as on software side. In order to mine ether, you need to have a computer with Graphics card/GPU or CPU. GPU’s have a higher hash rate, i.e. they are much faster in solving problems and are therefore 200 times faster than CPU. It is wise to use GPU for your mining and there are also mining rigs being done in which hardware containing 6-7 GPU’s together are built to provide faster performance and more power.
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.
One of three things is going on here, either the person really does not know what they are talking about (e.g. hashrates for RX 400 & 500 series, the R9 only coming in 4gb, etc), or they are advertising for Nvidia, or they are attempting to get a sell off for AMD cards. I don’t mind because I have been able to get some good prices on AMD cards lately with one guy even saying that he was selling cards he just purchased brand new in December because their technology was becoming obsolete. Probably read this article and took it… Read more »
MineShop is a mining hardware store based in Ireland with a wide range of variety in mining produts. MineShop provides discounted delivery for large orders, a 14 days return policy and online support through Skype.
I know that the USB interface would cause a bottleneck on most kinds of GPU-related operations, but for some reason, mining doesn’t seem to incur this kind of penalty. From what I know, you should be good to go if you know how to set up this kind of arrangement (I have no idea how).
this is my 2nd opportunity to set mining at genesis mining. it is very easy to start mining with them, compared with do that by myself. just hope i will have a chance to buy the contract for BTC mining.

One Reply to ““ethereum mining on windows or linux””

  1. Now replace “” with your Ethereum Wallet address (which starts with 0x…) so copy that from your other text file and paste it here.  Then replace “” with any name you would like to create for your miner.  We’ll use “MiningRig1” for our example, so you now have:  
    It’s hard for me to tell yet – how legit is HashFlare, they seem pretty legit to me, but I haven’t yet withdrawn any  funds from there yet (well, I’ve been with HashFlare cloud mining just for a month and mining BTC)
    People I’m helping setup rigs and such are trying to go full bore right now and are willing to pay these insane prices for cards. They ask me what I think and I just say setup what you have and keep scouring for deals but don’t overpay. They won’t likely listen to that, but I also don’t want to be the person who said no and then somehow this GPU shortage causes difficulty to stall and the price skyrockets on PoS rumors or some weird super profit scenario.

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