“ethereum mining reddit best”

“ethereum mining reddit best”

Pool fees are usually pegged as a percentage and you have to foot the payout costs, which will be deducted from your earnings. While mining from a pool is advantageous if you don’t have the heavy mining hardware, the rewards and the pay you get might not be equal to what you’d have received if you mined solo. Some pools may pay you, plus all rewards while in others you might not get paid for uncles.
Step 15 and 16 possible error: If you are not patient is “JSON-RPC problem. Probably couldn’t connect. Retrying in 1…” As you can see in the screenshot bellow this happens when you don’t have the blockchain synced yet.
The answer is Difficulty. By automatically adjusting the computational difficulty of solving a block, the Ethereum blockchain is able to maintain ~15 second intervals. You’ll notice Difficulty closely tracks hashrate and it too has seen exponential growth this year:
The GTX 1060 has a hash rate of around 21 Mh/s with a power draw of about 105W, it will make a profit of 47.24 USD per month. With a power cost of 6.43 USD per month. It will take just about 5-6 months to pay off the GPU depending on the price you get it at.
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.
Hi Charles, Sounds like a cool setup, hope you’re having fun with it and making some good money. I think your auto-correct is changing Claymore to Clayton. Anyway, as of Claymore v8.0, you can choose between mining Ethereum alone, Ethereum & Decred, Ethereum & Siacoin, Ethereum & Lbry. Based on something said by an old-time Bitcoiner in a video (I’m no expert on altcoins), I’d say Decred is the best choice. I haven’t heard anything about the other options and don’t know what they do exactly, except for some vague notions about “decentralized storage.” I’m not an expert on Ethereum… Read more »
The takeaway here is that hashrate has followed (with some appreciable lag) the ETH price explosion, which began in late January 2016, saw some downturn in late 2016, but then exploded again in Q2 2017.  What an amazing bull run! Up to almost $400 USD from just $10 USD in a few short months.
AMD and Nvidia are the two biggest manufacturers of graphics card unit (GPU). In the early days of GPU mining, AMD cards were much more efficient for cryptocurrency mining than Nvidia cards and they were the go-to option for dedicated miners. More recent Nvidia cards are designed to work in optimized fashion and they match or even exceed the performance of AMD cards.
Note that R9s only have 4 GBs of RAM, which means that their performance is rapidly degrading with advancement of epochs, which means that you will be able to resell it later only at a very cheap price (once it’s no longer suitable for mining).
Ethermine allows you to set the minimum payment threshold needed to receive your rewards. If you want to receive your payments infrequently, you can set the threshold to the maximum of 10 ETH. Set your threshold to the 0.05 ETH minimum to receive payments more often.
While our introductory course was a basic overview that familiarized you to tools and resources in a broad sense, this course is much more concrete with walkthroughs, personal examples, and analysis. A real emphasis is put on tangible experiences based on over a decade of combined experience.
Ethereum has a completely different blockchain protocol than Bitcoin. Bitcoin’s blockchain is based on proof of work. Ethereum’s blockchain, although currently is based on proof of work, is soon to become based on proof of stake.
Ready to start mining and become the next Bill Gates? In this section I will be recommending some of the best graphics cards for mining  and addressing their power draw, cost, and their hash rates. I will also explain which coins are the best to mine with each card.
When choosing a mining group, it is important to join one with low rates that provide reliable returns. You should also consider the location of the cluster server when you decide which is best for you. To obtain the best results, you must choose a server that is close to your geographical location. This will reduce the latency times and improve the mining performance of the equipment.
This mining calculator will display your expected earnings in both Ether and Dollars. The calculations are based on the assumption that all conditions (difficulty and prices) remain as they are below.
You can click the Download button for the current driver or choose “Download Previous Drivers & Software” on the right hand side which will allow you to choose older versions that are known as great drivers for mining based on your cards such as:
Note that buying used cards from crypto miners is not recommended, due to the wear and tear mining places on cards. If you resell your card after it’s no longer useful for mining, you should mention that it was used for mining, then price it accordingly.
In a blockchain, transactions are added in a block, then the block is closed and added in the chain. After that a new block is open. In order to maintain the consistency over the network, only one miner can close a block in a specified moment. That miner is the one which solves first the hash problem and finds the winning solution. Then it closes the block and signs all transactions, getting the block reward along with all transaction fees.
Well lot of information in this article. I also want to start ethereum mining can any one suggest me good graphics card and also I google it and found this site http://www.thecryptomining.info/2017/03/best-hardware-for-ethereum-mining.html can i use these graphics card at that moment.
That is an excellent hash rate as long as your cards don’t overheat. I like to keep my GPU’s around 65 degrees Celsius. Also, the reason I dial mine back to around 31Mh/s is because power usage goes up significantly once you bump the cards past 32Mh/s.
The RX 480 and 580s are extremely popular mining cards due to the fact that their price is very low, especially when compared to the similarly performing GTX 1070. Another benefit of this card is that AMD allows users to their card’s BIOS, which can make the card run at at higher hash rates with lower power draws. However, due to the popularity of this card, it can be very hard to find at reasonable prices, but if you can find this card at a good price it’s an excellent performer for mining. This card is an excellent choice to use on the CryptoNight, and ETHash algorithms. When compared to NVidias offerings however, it’s a very poor performer on EquiHash.
For beginners, a rig is going to require some significant processing power. This power is best achieved with Graphics Processing Units (GPUs) that are typically applied for 3D graphics in video games. Though it is possible to mining with Central Processing Units (CPUs), which link up all the right software and hardware in a computer system, GPUs are optimized and specialized in running recurrent operations over and again.
AtoZForex – Previously, we have discussed the Russian President meeting the Ethereum founder which shows that possibilities for the cryptocurrencies and the blockchain are endless. In this post, we will look into how to invest in Ethereum by joining one of the top 5 Ethereum mining pools.
Disclosure: Ethereum mining profitability results are calculated based on a network hash rate GH/s and do not account for difficulty or exchange rate fluctuations and a pool’s efficiency. If you are mining within a pool, the estimated Ethereum profitability can vary depending on the pool’s efficiency and fees. GPU hash rates used for calculations are gathered from online sources or submitted to us by mining enthusiasts like you. Actual results may differ from the ones listed in Ethereum Mining Rig Builder.
Hi everyone, now that ethereum price went up mining might be profitable even if you are located in a zone where the kwh is not so cheap. As the existing calculators didn’t have all the features I need, I started to do my own math. Initially using some spreadsheets, gathering data and then putting everything in javascript.
Now that 2018 is in full swing, there’s no better time to invest in the best mining motherboard for earning Bitcoin, Ethereum and other cryptocurrencies, so we’ve put together this list of the very best mining motherboards money can buy so you can join in on the cryptocurrency gold rush.
3) Choose a memorable download folder for the “Ethereum Wallet” zip file. Extract it with a suitable file extraction tool, navigate to the new folder the extractor creates and then locate and run the Ethereum app.
Mining refers to the process and technique of extracting cryptocurrency tokens from a network of blockchain. Ethereum mining is thus the process of setting your computers to continuously run a rather a type of hashing algorithm that consumes a considerably large amount of information, condensing it into a string of numbers and letters of a constant length. Ethereum uses a hashing algorithm known as ethash that hashes metadata from the latest block using a program referred to as a nonce.
P.S. If you like the desktop background in the last 2 pictures, you can get it from here: CryptoCompare Desktop Background. Also now that you are happily mining visit our Ethereum page if you want too keep up to date with the latest Ethereum price and market cap. 
A Bitcoin ASIC’s specification could be seen as having a certain hash rate (e.g. Gh/s) at a certain efficiency (e.g. J/Gh). While cost is another factor, this is often a relatively fixed factor as the minimum cost of a chip will be determined by the fabrication process, while the maximum cost will be determined by market forces, which are outside of post-fabrication technological control.
New to mining. I currently have 6 msi RX580’s stable at 29.6 MH/s on claymore. In the pool I was in I don’t think I’d ever get paid dponing 177 MH/s. On nicehash i can’t figure out how to set it up so I’m only mining ETH and my MH/s is only 22.3. Any help would be appreciated.
Dwarfpool – The last of our top performing Ethereum pools is Dwarfpool (https://dwarfpool.com). Dwarfpool uses a RBPPS payment method (round based pay per share), which is based on the PPS method. Autopayouts are done hourly and they guarantee 100% uptime due to their distributed infrastructure. Dwarfpool makes up about 13% of the network hashrate.
Troubleshooting tip:  Some miners have had success installing all GPU’s at once and then installing the drivers.  Others prefer to install only one card, install the drivers, shut down the system and then install the rest of the GPU’s and then just let them all be recognized by Windows (you’ll feel the system lagging, some flickers, or brief black screens while each card is detected by Windows).  
Quite the opposite I’d think. Gamers purchasing high end cards wouldn’t want them to be hamstrung by a lack of VRAM to play at higher resolutions, whereas I don’t think most mining algorithms would be significantly affected. The only concern would be Eth DAG size reaching 3.5 GB, but it’s entirely possible it’ll go PoS and end eth mining before then anyway. And regardless, you can always mine a different coin.

One Reply to ““ethereum mining reddit best””

  1. And in 2015, Ethereum made its debut, incorporating bitcoin’s basic blockchain premise and Litecoin’s pursuit of faster transaction speed, but adding a few of its own twists — including the ability to process little chunks of code, called “smart contracts” — and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig.
    Solo mining is when you mine by yourself. The advantage of this is that anything you find is completely yours to keep. Unfortunately, if you only have a few miners it might take a very long amount of time to find “gold.” Furthermore, the frequency of finding gold can also vary extensively. You may have a week where you hit gold thrice, but then nothing for a whole month. Clearly, if you have a lot of miners (GPUs), then the outcome will be more stable, but below 1GH/s mining rate, Solo mining is not advisable if you want a stable return. If you’re not worried about shifts in when you find Eth, then Solo mining is a good option above 100Mh/s as you do not need to pay fees to anyone.
    Compare the above to my 2 x R9 390X GPUs mining rig. Hashrate is ~ 62.8 MH/s. Again from the mining calculator, my expected earning is 1.210311 ETH (USD 14.16) per day or 8.4722 (USD 99.12) per week. Mining rig consumes ~ 700 watts. This is equal to 700 x 24 = 16,800 watt-hours per day, or 16.8 kWh. 16.8 kWh x USD .17 per kWh = USD 2.85 per day in electricity.
    Total network hashrate has been climbing rapidly since Q2 2016. A dip occurred on news of the DAO crisis but hashrate has since recovered. Things were relatively quiet until around Q2 2017 where everything Crypto related absolutely boomed, especially Ethereum as it facilitated a wave of new projects and ICO activity.   This chart from Etherscan tells the story:
    Mining refers to the process and technique of extracting cryptocurrency tokens from a network of blockchain. Ethereum mining is thus the process of setting your computers to continuously run a rather a type of hashing algorithm that consumes a considerably large amount of information, condensing it into a string of numbers and letters of a constant length. Ethereum uses a hashing algorithm known as ethash that hashes metadata from the latest block using a program referred to as a nonce.

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