“ethereum mining rig build 2018 best”

“ethereum mining rig build 2018 best”

While it is a fact that mining this cryptocurrency is a lucrative affair, its profitability does not come even near some currency platforms such as Litecoin Mining and Dash Mining. If your main idea of mining Ethereum is to acquire the cryptocurrency, then it would be just wise to purchase it. Mining hardware is not that cheap, and it wouldn’t be easy to turn a profit unless you are mining on a large scale.
Currently (November 2017) the two best mining groups of Ethereum are: Ethpool(http://ethpool.org) and Ethermine (https://ethermine.org). Together they have more than 27% of the hashrate of the network.
While you will still be using your GPUs or ASICs, you have the choice to choose between mining in a pool, or by yourself, hence “solo” mining. Pool mining is where you join with a group of other miners and every miner contributes to mining blocks. The difference between this and solo mining is that your payouts are more consistent. Solo mining is hard, especially if you are running a small rig because you will most likely not find a block for a very long time unless you get very lucky. You can use the Coin Warz calculator to estimate how long it will take you to mine a block by yourself. Another benefit of pool mining is that it’s more consistent. You will get your payments consistently, unlike solo mining where it may take a very long time to get your payout. I recommend the Ethermine.org and Nanopool.org pools, each have a large list of crypto-pools to choose from. You can also check if your rig is online here, as well as how much crypto you have mined.
2. PPLNS means payment for the last n shares (Pay Per Last N Shares).This is more a variable number based on the luck of the group. Therefore, if the group is lucky and extracts more blocks in a certain period, you will get a higher payment. Of course, if the mining group has bad luck, you will get a smaller profit. If you are running 24 hours a day, 7 days a week, and do not log out frequently, you will get approximately 4% more ETH using PPLNS compared to PPS for Ethereum extraction.
Gh/mm² is a simple measure of the number of Gigahashes per second of the chip, divided by its die area (area of the the actual silicon). This measure however does not take into account the node size which affects how many logical cells can fit in a given area.
I have also just started mining, I think I have connected to Dwarfpool using the command line ethminer -G -F http://eth-eu.dwarfpool.com:80/MyWalletAddress How do I check that I am actually mining ether and that it is going to my address? how long should it take before I get some Ether in my mining wallet?
The next risk, while not severe, is power. Mining computers draw a lot of power, and depending on the size of the rig, they can easily draw upwards of 1,000 watts. Depending on where you live this could mean that you are mining at a loss everyday.
Step 10: You need to open up another command prompt as in step 4 – so your going to get two scary looking boxes. Simply click right click on your already command prompt in the taskbar at the bottom of the page and click on command prompt in the menu that appears. A new command prompt should open with “C:\users\username>”. This is the wrong place to look for etherminer so you need to tell it the right place to find it.
In some cases, your motherboard BIOS might not be set-up correctly straight away. If you’re adding your GPUs one by one, and at one point your rig crashes, and you’ve eliminated GPU related issues, then it’s likely that your motherboard is the issue. Have a look around the forums for help, but often you will need a few settings changing. Personally, I’ve had experience with having to disable switch off some BIOS features and altering allocations, but system setups vary largely so I would say Google is your best friend.
At a high level, the goal of buffered pooled mining is to allow each participant in a mining pool to draw ethereum on demand from their current and future hashrate contribution without waiting for a long or unpredictable amount of time. This quantity of ethereum is large enough for many programming purposes, such as micropayments.
Reasonable Minimum Payment: This is especially important if you only have one mining platform, since you do not want your payment to potentially take a week or more to reach your account. The majority of the Ethereum mining groups pay when the extracted amount accumulates until reaching 0.05 – 0.2 ETH.
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.
So now that we have talked about the basics, we are going through a brief review of what the Internet chooses as the best ETH miners there are out there. This list is ordered from 3 to 1, being 1 the most popular option as of 2017 with the most useful functions.
The quality of the equipment would also play a role. E.g. if you buy the cheapest versions of either a 1080ti or a 1060, they’re going to be more likely to fail. Is it more cost effective to buy more-robust GPUs at a higher price that will last longer? Or is it better to keep replacing cheap ones more often? Difficult to answer, since GPU prices are crazy.

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