“ethereum mining profitable”

“ethereum mining profitable”

An uncle is a stale block, usually beat to the blockchain by another block. The Ethereum network compensates miners for these though they receive a lesser reward. As you mine a block, you’ll receive a reward for no more than two uncle blocks included. The pay you receive is for uncles up to six blocks back.
Well, since I started mining Ether, I went from over 20 ether a day like in Dec 2015 to today it’s saying 5.92, on the same exact setup, actually I have slightly more Hashes because of toying with settings and whatnot along the way. I only experience less Ether week to week. I really wouldn’t advice anyone to jump in now, unless they plan to use the computer as a gaming rig later, most likely in a month or 2 the profits will be back in line with the 2015 crypto mining world, which is not much more than cost for most people.
It’s not gonna plateau. What all the stores being sold out means, is that a shit load of gpu’s are being bought straight through the major suppliers for large farms, and new cards are going online just as fast as they are being made. What you proposed would be true if production was down, but it’s not. What we’d want to see is cards cathering dust on the shelves at retail stores. What’s happening right now is the worst possible realistic screnario when it comes to the difficulty.
The statement that you need a big investment is not true neither (depending on what you call big). I have a small rig with 4 RX580 8 GB and it costed me 1500€. I started with one GPU and than gradually expanded. I buy my GPU’s at around 300€, which is I think reasonably priced.
Ever since I’m building new cryptocurrency mining rigs I’m including SSD rather than HDD. The reason is SSD is fast and by using SSD I would increase the transfer speed and decrease the time. Also, other things that I think about SSD are – They use less power consuming and also if you are starting up your mining rig the boot time is reduced and soon you will be mining.
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.
Steven is a managing editor at Coin Central and a blockchain investor. He’s also the co-founder of Coin Clear, a mobile app that automatically turns your daily spending habits into cryptocurrency investments.
You would need a different motherboard that’s capable of supporting two different RX 460s. The software itself can run on two separate GPUs, so that’s definitely not an issue. The issue is that dual GPU motherboards can cost quite a bit of money compared to single slot boards.
Every developer seeking to engage and make use of smart contracts on the Ethereum blockchain needs Ether to proceed. It is popularly called the fuel that runs Ethereum. It is a less expensive way of running transactions on the network when compared to buying Ether. You can also decide to sell your Ether after mining.
not if ethereum is your only plan and you have to pay full price on cards. i can buy cards as business expense, so no tax for me. i can write them off, so they’re again half in price. i bought some to a decent low price, (gtx 1070 for 400€) so total expenses I need for break even is 180€ per card. this should/could work out. and if not, I can sell the cards off for half the price and still be able to break even (without any cent mined), although I would rather stick to it and mine for the only real reason to mine: support an idea. be it a crypto currency or something like folding at home.
If a card you own or plan on buying did not make this list, that does not mean that’s it’s a bad card by any means. This list is purely based on my opinions, as well as the price of the cards and the raw performance numbers. Though there are other cards which are great for mining, such as GTX 1080 Ti or RX Vega 64 (which I did not include due to their high cost), these cards on the list are just my recommendations. Another option for mining is ASICs. ASICs are devices made specifically for mining, and when compared to graphics cards, ASICs perform much better and have a much lower performance to the power draw ratio. The problem with ASICs are that they can only mine on one algorithm, so when the difficulty goes up, or the price of the coin you are mining goes down, you simply can’t swap to another algorithm, you will have to stay with that algorithm. ASICs are primarily used for SHA-256 (Bitcoin) or SCRYPT (Litecoin) algorithms.
Then install the Watchdog driver and program, which you can find on the official website – click here for the driver and here for the program. Enable Autostart for the program, and adjust the monitoring settings – enable network monitoring and type ‘google.com,’ then enable process monitoring as well, typing in ‘cmd.exe.’
Ethereum intends to switch to a Proof of Stake scheme called Casper. Although this switch has been delayed, it’s reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented.
Perfect transaction ans very easy procédure. If i have something to recommend , it’s to explain to the investor/buyer that there is change taxe when you décide to invest on something. For exemple, i have bought for 3831 euro in Dash but i have 80 euro exchange taxe with visa. I think that the person who decide to invest have to know this charge un more. But for the rest, i hope that my minning WILL be profitable for the future. If it’s the case, i WILL invest again in this plateform.
Sometimes a Claymore Ethereum mining rig can become unstable or unresponsive, particularly when optimizing GPU performance by overclocking and undervolting. If the inactivity goes unnoticed, or if a person can’t get immediate physical access to cycle the power, the resulting idleness wastes potential mining capacity.
ZeroEdge is extremely excited to announce that entrepreneur, investor, and Blockchain/Crypto advisor, Cecilia Paolino-Uboldi has joined the ZeroEdge advisory team. ZeroEdge is extremely excited to announce that entrepreneur, investor, and Blockchain/Crypto advisor, Cecilia Paolino-Uboldi has joined the ZeroEdge advisory team. During 17 years, Cecilia has had a varied career in the technology and gaming industries working as a business developer and channel manager building and developing strategic partnerships and alliances internationally most notably at IGT
Hey I feel so great about mining Litecoin and me didn’t expect this much earnings per day but I know That Litecoin value or price will increase as Bitcoin that is why I choose to buy gold on LTC and I am still going to add my investment .
This view looks at the number of coins you can to generate in the future. This view does not account for any expenses, it simply predicts how many coins you will generate with your given hashrate and the diff change value. A high diff change will cause you to generate fewer coins in the future.
It’s comments like this that have me scratching my head. I assume you’re solely talking about ETH mining drying up, considering this is /r/EtherMining, but why make it seem like the end of days is coming? If ETH dries up, yes it would suck, but it would take maybe an hour to download, reconfigure and re-aim your processing power at a different coin.
Oh, and with Ethereum there is one more fly in the ointment to spoil your mining hopes – if it switches to a proof of stake system this kind of mining will no longer be possible. They mention that in their notes. At that point, they will try to hash anything else that is profitable but you could easily be SOL.
Ponder is simply a decentralized matchmaking platform where people can easily make and access high-quality introductions at scale. Ponder is a platform where people are incentivised with financial rewards and game mechanics to take up the task of cre…
Install your GPU Drivers like you normally would (Next, next, Ok, etc.) and reboot.  Afterward, you know your GPU’s are recognized correctly if you go into Device Manager (search in Windows search bar) and you don’t see any warning marks on your GPU’s and it shows them correctly like this:  

One Reply to ““ethereum mining profitable””

  1. We provide simple, plug & play systems which work from day 1. You can view the best Ethereum mining rigs and have it delivered to your door. We also provide full solutions from facility design to electrical installation of GPU farming systems
    As the price of Ethereum is around $1000 you may be wondering to yourself whether it’s worthwhile to mine ETH. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time – usually becoming less profitable as the coin matures.
    And what energy efficient motherboard + cpu would you recommend for that case? I want to buy 2 RX 460s and maybe bump the watts to 300 I don’t mind as long as I can hash 22 MH/s on the same small machine.
    Currently, Ethereum uses the Proof of work (PoW) system- this has been the arm supporting blockchain technologies like bitcoin and Ethereum. Proof-of-work refers to the solving of complex equations, which is a basic requirement for a miner to clear for their block to be added to the blockchain. This system has been picked apart for the environmental damage and electric cost it generates. However, through the use of the Dagger Hashimoto algorithm, Ethereum created a way that permits simple home computers to mine efficiently with little expenditure necessary.

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