“ethereum mining rig gtx 1060 best”

“ethereum mining rig gtx 1060 best”

Miners expend electricity hashing that block with the processing power of their GPU(s). A successful hash result produces produce a unique Proof of Work (PoW) proving that the miner worked on that block.
One of the advantages of Ethereum over Bitcoin or Litecoin has to do with the algorithm chosen to validate the proof-of-work (PoW). While BTC relies on SHA-256 and Litecoin on Scrypt for its hash function, Ethereum calls on an algorithm called Ethash, created especially for this purpose. In practice, it was designed from the start to prevent the development of dedicated ASICs to mine it.
Glad to have you here! That’s the thing I tell newbies constantly. And its even harder because the equation changes literally every few days as card prices change. Yesterday I bought 6 AMD RX580s because I got a smoking deal on them. It all just depends on the economics of the moment. Its still really hard to beat the performance/energy/price ratio of the GTX 1060 though.
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.
On January 1st 2017, $1,000 would have gotten you 1.041 BTC (1 BTC was worth $960 on January 1st), 122.39 ETH (1 ETH was worth $8.17 on January 1st) and 20.622 ZEC (1 ZEC was worth $48.49 on January 1st).
Haters incoming in 3.. 2.. 1.. Seriously, there’s going to be a lot of AMD RX580 religious followers who are going to really trash this. Because they’re too stupid to realize that making a profit is more important than their AMD religion. And of course, if the RX580 prices were reasonable it would be the best pick. But there is no doubt for anyone with a brain that the GTX 1060 is the king right now in price/payback ratio.
However, the Titan V’s massive price tag both puts it out of reach for the average home miner, but it ensures that it’ll take a very long time to pay for itself. It’s likely that the lower-priced, stripped-down gaming versions of the Titan V will be unveiled in 2018. One of these cards may prove to be the ultimate bang-for-the-buck in Ethereum mining power.
Yes, GTX 1070 or GTX 1070Ti are the best cards that you can buy. They can really mine Ethereum as well as Zcash at a good output. Talking about the power it might use somewhere in between 180W to 200W per GPU.
Because ether is only rewarded based on ascertaining the correct nonce, the lower the chances of this happening, the more hashing operation you require to work through every block. Trying this on your own and using your rig could take months to discover a single block. Most miners do not have access to large mining farms such as Genesis.
Disclosure: Mining metrics are calculated based on a network hash rate of 231,918 GH/s and using a ETH – USD exchange rate of 1 ETH = $ 738.71. 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. The average block time used in the calculation is 15 seconds. The electricity price used in generating these metrics is $ 0.12 per kWh. Network hash rate varies over time, this is just an estimation based on current values.
ethOS is possibly the simplest way of setting up a mining rig and is my go-to option when creating a new one. While it does cost $39, the amount of time it saves on troubleshooting is more than worth it. Arguably, it’s also easier and more streamlined to monitor as you can access it simply through SSH or look at your custom dashboard. You can read my review of it here, or head over to gpuShack to purchase it.
The mining of Ethereum and other cryptocurrencies will continue to be profitable for a long time, and it is likely that after having solved the first challenges (hardware selection, equipment assembly, etc.) you will ask what is the next step. If you have decided to mine this cryptocurrency and have the necessary equipment, the next thing to do is join an Ethereum mining group (or  mining pool ).
These ETH miners for cryptocurrency mining are all great options to mine Ethereum, but in the end, you must choose what you see is most convenient for yourself. Be the judge and choose what best fits what you need. Through ETH mining you can reap important profits, but it all comes down to an optimal combination of hardware and your ETH miner.
However, NVIDIA-s powerful chips, combined with their unparalleled power efficiency made the GTX 1070 a powerful competitor: the GTX 1070 provide a hash rate power of roughly 31 MH/s, if optimized properly, which places it just slightly above the R9 390X. The beautiful part lies in the power consumption segment, though, as the card only needs roughly 180W to run at full power, which is well below the 230W of the 390X, and leads to quite a power difference if we’re talking about setups that use multiple cards (which is the case of most miners).
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.
Building an Ethereum mining rig is really like growing your own money tree.  The rig will run and crank away and create wealth (in digital currency) while you sit back and reap the rewards.  It takes a little tech savviness but anyone can learn how to build their own rigs.
Step 16 Hashing Power benchmark: If you want to get an estimation of your hashing power you can run ethminer -M (for CPU mining) or ethminer -G -M (for GPU mining). The command will run and you should get a result similar to the image bellow.
Minergate Review: MinerGate is a mining pool created by a group of cryptocoin enthusiasts. It is the first pool which provides service for merged mining. This means that while mining on our pool you can mine different coins simultaniously without decrease of hashrate for major

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