“ethereum mining possible”

“ethereum mining possible”

It is very easy to burn out your GPUs – I’ve done in two, but luckily got warranty replacements. The first just stopped working after one day. And one of the fans got “sticky” in the second one after a few months.
The What To Mine Calculator is hands down, the most useful mining calculator. The reason being that you simply fill in your graphics cards models and the site will calculate the power draw, hash rate, and the most profitable coin for your set up. The site will even show you the best exchange to sell your coins on. Additionally, the site will also apply a reasonable overclock to the cards making your results even more accurate. When mining, overclocking is extremely useful so think of this as “free performance.” The only downside to this site is that it only has information on 11 different GPUs and no CPUs. You also can’t fill in your pools fee. This site is still extremely useful for finding the most profitable coin to mine, making it my preferred calculator.
Also, you can see what is the current block of the livenet by viewing the Ethereum net stats dashboard under the heading Best Block. For example, if under Best Block you have 610,002 and you reach this number in the download process, then you have finished downloading the blockchain.
Currently, only the Star Wars Collector’s Edition model appears to be available from Nvidia. While these Jedi Order cards certainly look great, cosmetic features add nothing to the mining performance.
All mining activities run on the GPUs so you won’t need a very powerful CPU to run the rig. Your CPU won’t be used during mining so a lower power chip is prefered. An Intel i3 or Celeron chip will work just fine in a LGA 1150 motherboard.
Next select a motherboard for your mining rig. Boards support a variable number of graphics cards, and may only accept specific types of processors and memory. See the Details of each board to quickly identify proper pairings.
One of the more unique elements of a mining rig is having a computer case that can handle 6 GPUs. Luckily people are making cases designed to hold a lot of graphics cards, an open air case is recommended for keeping the rig running optimal & cool.
The Radeon R9 295X2 is currently the most popular GPU when it comes to mining Ethereum. It offers a hash-rate of 46 MH/s and is the industry leader when it comes to hashing power. The R9 295X2 consumes a power of 500W. This GPU is in high demand and tends to get sold out as soon as it goes on stock. It comes with an 8GB GDDR5 RAM.
These figures will change based on when you run this analysis, but for purposes of the example here we would net 109 ETH annually. If sold at the current price, $1537 will be earned from which we subtract the electricity cost of $493. This nets a respectable profit of $1045.
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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/
The recent drop in Ethereum’s monetary value combined with the vastly increased mining difficulty has severely decreased the profit margin. It’s certainly past the point where anyone buying a new, dedicated mining rig will see a good return on investment (ROI). Even if you spent a relatively meager $1200 on a new setup, you’d need to net at least $100 a month for a year to just break even. Ethereum’s volatile nature and pending shift to a proof-of-stake model makes it unpredictable. Only the most desperate or foolhardy would buy new mining equipment at this point expecting to make a profit. So let’s look for another attack vector.

One Reply to ““ethereum mining possible””

  1. You cannot and should not bank on ETH > USD increases in your profit calculations. If you’re banking on ETH going up to save you, your operation is not profitable, and you’d have been much better off just buying ATH outright and holding.
    CoinWarz credits Genesis Mining for making their new calculator possible. In a partnership with the company, Genesis Mining “helped and sponsored development” of the Ether mining profitability calculator. Genesis was one of the first companies to offer Ether cloud mining projects, and CoinWarz says the firm has “worked to publicize Ethereum to the mainstream public and offer services that are invaluable to its users.”

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