“ethereum mining profitable reddit”

“ethereum mining profitable reddit”

There are other coins that you can still mine however, so your rigs aren’t completely wasted, but it requires research and planning….which doesn’t seem to be the strong suit of people thinking that mining will be profitable for another like 2 years or seomthing
You’ll also need a power button, unless your motherboard has one built in (which is fairly rare). This will do the trick, or you can build one into your plastic crate if you plan to go that route (see below).
The total profit you would have accrued by the end of your mining rig’s profitable run would be $2,916.59. However, if you back out the initial upfront costs discussed above, you’ve actually made slightly less than you’ve invested. You could resell your GPUs to cut some of your losses, but your equipment will have lost a lot of value and that loss is only going to accelerate as newer mining equipment continues to improve at an impressive rate, something that is making GPUs from a year and a half ago already lose a majority of their value. Your GPU resale value will ultimately determine your overall mining investment return.
ethereum mining is profitable, but there are some other coins available for mining, like monero,that can be a good choice for you depending on your purposes. and with the electricity cost how long mining ethereum will be profitable we don’t know. but some are predicting about its better future. one of friend informed me that he is earning good,and he is hoping for more.
Now the ethereum calculator gets the latest network hash rate from etherchain.org and the eth price from etherscan.io. The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It’s your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate).
I have compiled a list of current prices for various Graphic Cards for use with ethereum mining. Below is a list of prices and where to purchase the GPUs in both Canadian and United States prices and markets. Also included is a calculation of the cost per Mh/s, as well as the current profitability of each GPU with power taken into account. With this we can find the best cost to return ratio for buying a GPU to mine with as of today, September 3rd, 2017. These are also all stock rates, without overclocking the GPU or making them more efficient.
The hash rate in the Ethereum network has been rising over the past few years.You would expect blocks to be mined faster with this rise but they are not because the network automatically adjusts difficulty so that a new block is mined at the constant time of 12 seconds. Consequently, you will always need a faster device which has a higher hash rate to mine.
With mining rigs, you want the lowest clocked CPU, bare minimum RAM, 5,6 or 7 GPUs and a very basic HD.   Oh, and as you can see from the picture, you don’t want nor can you fit all those GPUs instead of a normal case.  You can use a nice custom made case as you see above or something cheap like a milk crate.
We’ve started by making the new office placement plan. We had to establish the exact dimensions and location of the office partition and its elements. During the process we’ve received the cables for electricity installation – luckily enough, the seller delivered as promised. The door between the two workshops has been installed too, so we can finally say that we open our doors for you, guys! (I had to say that, sorry!).
Let us begin with the most important component: the Graphics Processing Unit What Is the Difference Between An APU, A CPU And A GPU? What Is the Difference Between An APU, A CPU And A GPU? Over the last five or more years, there have been a number of different terms swirling around to describe computer hardware. Some of those terms include but aren’t limited to APU, CPU, and GPU. But… Read More (GPU).
Something I’ve done when building out a GPU mining farm, is to do the OS/DRIVERS/MINING setup and then just clone the solid state drive using a 2 bay hard drive dock with offline clone feature built in.
Hard Drive: $40. We strongly recommend SSD. Faster boot time, higher speed – it’s excellent, so don’t skimp on it! We’d recommend 80GB SSD, just to make sure, but even with 60GB SSD, you are good to go.

One Reply to ““ethereum mining profitable reddit””

  1. Currently, I’m  making a profit of $5.22 daily, $36.51 weekly, $156.47 monthly and $1,903.78 yearly. Let’s stick with the yearly data, power cost per year would be $262.80. Also, I would mine about 1.66 ETH after one year or operations.
    Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.
    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.

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