“ethereum mining quora”

“ethereum mining quora”

A: This guide covers using Windows 10 (make sure it’s 64 bit).  There are also various distros of Linux that can be used (not covered here).  But Windows is the easiest to configure and get up and running fast.  There is no Mac version at this time.  
I’m mining ethereum for quite some time now. I have a collection of lots of RX 4xx/5xx GPU’s and many Nvidia Gtx 1060/1070 Gpu’s and I have helped people on various forums, and had a lot of customers from which I’ve gained all of this knowledge. I have written this guide to help you setup your own gpu for mining purposes.
That’s based on a Tuesday note from Morgan Stanley analysts led by Joseph Moore, who say that Ethereum prices have remained high overall—up about 8,900% over the past year—making Ethereum mining more profitable. In turn, that profitability has driven consumers to snap up graphics processing units (GPUs) used to mine, or acquire new cryptocurrencies, from major suppliers such as AMD and Nvidia.
You can use any personal computer to mine Ethereum, provided the system has a Graphic Card (GPU) with at least 2 GB of RAM. Central Processing Unit (CPU) mining is simply an exercise in frustration. It takes an extended period to complete, and the profits are little thanks to the cost. GPUs are your best bet as they are 200 times faster than CPUs when it comes to mining Ether. AMD cards are more efficient than Nvidia cards as well.
IMPORTANT– never use WiFi to connect your mining rigs, from my experiences that can cause big trouble. Higher ping, random disconnects, Wifi freezing at start of mining, shares rejected and so on. For example my Wifi adapter would stop working if it was directly connected to the mining rig, but if I was using an usb extender so I can place Wifi Adapter away from the rig (1-2m) then it would work, as if the rig itself disrupted the Wifi as strange as it sounds…. If you want to use Wifi, use the 5G. The more mining rigs you have, the more trouble with Wifi you will get.
The above scenarios assume that your average profit will be about 1.5 times your risk (or greater), and that you’ll win about 60 percent of your trades. This is not always easy to accomplish consistently. Your personal trading style will largely determine your profitability or lack of it. Though, how much money you trade forex with will play a significant role in your ability to meet your trading goals.
This will prompt for your password and imports your ether presale account. It can be used non-interactively with the –password option taking a password file as argument containing the wallet password in cleartext.
Disclosure: Mining contract metrics are calculated based on a network hash rate of 232,408 GH/s and using a ETH – USD exchange rate of 1 ETH = $ 727.65. These figures vary based on the total network hash rate and on the ETH to USD conversion rate. Block reward is fixed at 3 ETH and future block reward reductions are not taken into account. Network hash rate varies over time, this is just an estimation based on current values.
Forget graphic cards that aren’t going to live up to next generation games. This card is capable of turning even the most demanding games into an incredible cinematic experience that is fluid, crisp, and breath-taking. This graphics card features FreeSync, which works at the speed of your game for great responsiveness and unparalleled smoothness. If you’re looking to improve your Ethereum mining equipment while staying on budget, this is a great option, as it is priced under $120
You need to open up another command prompt, as in step 4. You are going to see two scary looking boxes! Simply right click on your already opened command prompt, in the taskbar at the bottom of the page,and click on the command prompt in the menu that appears.
Now that you’ve downloaded a client and your node is a part of the network, you can download Ethminer. Find the download for your appropriate version of Windows here, or GPU mining instructions for other operation systems here.
A miner is an investor that devotes time, computer space and energy to sorting through blocks. When the mining process hits the right harsh, they will submit their solutions to the issuer. After verification, the issuer of the currency offers rewards which are portions of the transactions they helped in verifying. They also offer digital coins in exchange for the work of miners. The result of digital mining is called proof of work system. Some currencies depend on this system alone while other use a combination of proof of stake and proof of work.
Jump up ^ Bartoletti, Carta; et al. “Dissecting Ponzi schemes on Ethereum: identification, analysis, and impact” (PDF). Universita di Cagliari. Archived (PDF) from the original on 17 August 2017. Retrieved 30 July 2017.

One Reply to ““ethereum mining quora””

  1. There is a also the psychological factor. Most people come to trading for a good life and to have more time to do other things. Once the account reaches a point where the trader makes what they want, usually their earnings will plateau. As indicated, when trading stocks, I made a steady income when my account balance was $300,000 to $400,000. When it moved to a million my income didn’t move up (it didn’t double like it should have). I couldn’t find places to deploy all that capital, and there was very little motivation to make more money, so my mind was very comfortable with the living I was making off the smaller amount of capital. Growing the account wasn’t a viable goal anymore…in fact it had to be reduced.
    Unlike stocks, forex trades have low, if any, commissions and fees. Even so, new forex traders are always advised to take a conservative approach and use orders, like stop-loss, to minimize losses. High leverage, which should be prudently applied, gives traders the opportunity to achieve dramatic results with far less capital than necessary for other markets. Forex trading requires training and strategy, but can be a profitable field for individuals looking for a lower risk endeavor. Learning currency trading gives traders a range of exciting new opportunities to invest in.
    This is another fantastic gaming PC that also doubles as a versatile mining PC. Thanks to its powerful components, you’ll be getting some good returns when you put it to mining, and the excellent cooling system of this PC means it can run for long periods of time without overheating – or getting too noisy. It’s another expensive outlay, but one that could quickly pay off if you mine wisely.
    The Ethereum network is kept running by computers all over the world. In order to reward the computational costs of both processing the contracts and securing the network, there is a reward that is given to the computer that was able to create the latest block on the chain. Every 15 seconds, on average, a new block is added to the blockchain with the latest transactions processed by the network and the computer that generated this block will be awarded 3 ether. Due to the nature of the algorithm for block generation, this process (generating a proof of work) is guaranteed to be random and rewards are given in proportion to the computational power of each machine.
    Online Trading Academy offers Forex Trading online and classroom workshops, as well as weeklong courses to traders of all levels. Learn Forex trading using the latest tools and software, and make predictions based on careful training from the pros.

Leave a Reply

Your email address will not be published. Required fields are marked *