“ethereum mining reddit”

“ethereum mining reddit”

Hello. I really like your project. I’m not quite a young man and it’s attitude carefully.But it seems to me that you are a team of professionals, and that you have no Ponzi scheme. I wish you success and look forward to long term cooperation. Sincerely, Sergey Tikhonov. ( ser2002den@ya.ru )
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.
“Mining Ethereum is really complicated and I wanted the simplest solution. Luckily I found CoinMiner who sent a rig to me 1 week after ordering and all I needed to do was turn it on. Fantastic system and I’m planning to buy more.”
DISCLAIMER: We do not own or promote any programs listed here. The information provided here is for your own use. Some programs, investments or any listings here may be illegal depending on your country’s laws.
I think you read this wrong. I didn’t write this saying “These are the exact steps and parts list you need.” It’s simply saying, “Here’s a basic idea you can possibly adapt to your own circumstances.” No, not everyone has a 290X in storage. But a lot of people do. My current “leftover” GPU is an R9 280. That’s plenty strong for some hobbyist mining.
*While my guides deal with setting up and optimizing AMD’s GPUs, nVidia’s 1060 / 1070 video cards are also excellent for mining. Generally these days I tend to recommend whichever is cheaper (and right now, that’s AMD). But if you find a deal on some nVidia 1070 GPUs, don’t hesitate to grab them—they perform just as well as AMD’s offerings, and are arguably easier to set up (just remember to install nVidia drivers instead of AMD’s if you follow the rest of my guide!).
Some settings should be modified in Windows to get you ready for mining.  First, you don’t want your computer to go to Sleep as it will interrupt your mining so go into your Power Settings and set it to “Never” turn off/sleep.  
The 168 MH/s Ethereum Mining Rig is provided by MineShop. It holds 6 AMD graphic cards, the AMD RX 470. These mining rigs are specially developed and reconfigured for Ethereum mining, making them the most efficient and cheapest for mh and power usage per mh Ethereum miner on MineShop. You can also mine Ethereum through a cloud mining contract with Hashflare or Genesis Mining. 
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 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.
So far, I am very satisfied with my purchase of the 2 Year Litecoin Contracts. I think Litecoin is going to be way more profitable than what it is now and will be buying more when I can. Thank you for providing this service.
CoinSocial believes in empowering Cryptocurrency enthusiasts by providing the necessary information and the tools to access them. We cover the markets, regulatory changes, risk assessment of various ICO’s, technology reviews and real-time cryptocurrency prices.
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.
But, for cloud mining calculations, you need to do the opposite, because the provider gives you an (effective) monthly running cost. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator. This is done by dividing (not multiplying) the monthly running cost by the 0.744 conversion factor mentioned above.
If you do not own a lot of hardware, we believe cloud mining is the best option to generate Ethereum as a digital currency. Cloud mining also allows users to form pools where their joint efforts are rewarded with greater income, compared to mining with individual hardware.
i bought one and it came as promised, in a reasonable time frame and in perfect working order. I ended up tweaking the overclocking settings to get 168 mh/s and had it as high as 171! Overall, I am very satisfied.
Certaintly depends on your timeframe. Would I eat the cost of electricity and hardware for a year or two if I knew that holding for that time pays off well? yes. Do I know which coin will be the most profitable to hold and not just cost me money? no. So is it worth it? maybe.
Also I disagree that trusting the miners is foolish, yes 99% are in it for the profits but there is a balance between the difficulty, price, and gross hash power, and it seems to be working. Even if difficulty doubles (depending on your electricity) it still has a 12 to 18 month payback without price inflation.

One Reply to ““ethereum mining reddit””

  1. I just started about four weeks ago and was lucky enough to amass 20 cards in this short span in this market all for under $300, some used and new, except one at $305. Probably around $250 average for a mix of 480/570/580. But I work from home and am able to monitor eBay, monitor nowinstock, check the used listings on fb and cl while I work or on breaks. Lots of late nights too, got a bit obsessed for a period. No way I have the GPUs I do now if I didn’t, and I still have a tiny setup compared to many.
    Lack of control is the most common complaint, you are never quite sure if the original contract is going to be honored fully. The crypto scene is notorious for runaway developers and the same holds true for other companies. Reputable and better providers do offer peace of mind though, particularly if a long term track record and strong online presence is present. Fine tuning configurations is severely limited in these cases; even mining pool selection is on occasion narrowly defined in advance.
    Genesis Mining is the largest and most trusted Bitcoin cloud mining provider in the world, now also running Ethereum mining plans. They provide all the information about their services, they are actively involved in the community and they even have a live stream of their mining farms. If you sign up through this link, you will get a discount on existing Ethereum mining prices. 3% discount code: zKcyxP

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