“ethereum mining rig pcpartpicker”

“ethereum mining rig pcpartpicker”

And you believe that our current monetary system is based in reality? How is a $100 bill printed on paper (not backed by gold or any other valuable tangible object) any more ‘real’ than any of these cryptocurrencies? You do realize that every dollar the U.S. government prints is printed with interest, right? As in, the Federal Reserve prints our government the $1 and charges us interest (whatever the Fed Rate is). Where do you think that interest comes from? It’s simply made up. POOF, out of thin air. Where do you think any of our money comes from? What to you makes the digital representation of money you see when you log on to your bank account online
For example, if this were Jan 2016 and we were mining ETH, and spent $3000 for a rig and supplies that produced us (for academic purposes) 30 ETH through the end of the year. That $8.22 price on 12/31 means our mining got us $246. Not profitable; go back and look at the historical posts saying as much when people asked if mining was “worth it” and everyone said to not even try it. Those same 30 ETH are worth $7560 today (assumes not selling at the peak, not mining beyond 30 ETH). All of a sudden, it was retroactively “worth it” to mine, and those naysayers were wrong. All that happened was hodling.
So let’s say your rig costs $1400, your power costs $100/month and over six months that is $2000. You could either buy about 6 ETH now or hope that the 6–month yield is more than that. Supposing the yield declines by 1/3 per month. So that’s about 1.5 + 1.0 + 0.666 + 0.444 + 0.3 + 0.2 = 4.4. At that time you’re already yielding less than the cost of electricity per month unless ETH is over $500.
It would be very power inefficient since you’re multiplying the power requirement overhead to run the rest of the system. But I love experiments. Try running it and see how it does. Linux will report all OpenCL compatible devices ( can’t remember the exact command line for it right now ) so if you explicitly call Claymore and tell it to work with a given device, it should try.
A mining rig is a computer system used for mining bitcoins. The rig might be a dedicated miner where it was procured, built and operated specifically for mining or it could otherwise be a computer that fills other needs, such as performing as a gaming system, and is used to mine only on a part-time basis.
Ethereum mining is difficult on the Windows. Nonetheless, you can mine Ether using a GPU or a CPU device with Windows 64 bit. By running your CPU device, you can generate 0.15 Mega Hashes. On the other hand, using a decent GPU miner with sufficient storage, you can reach the 25 Mega Hashes mark. Thus, with regards to the overall efficiency, and after considering the total electricity charges, a GPU is definitely worth a purchase even if its cost is $200.
Installing GPUs: Depending on your graphics cards, download either Nvidia or the AMD driver. Install the driver, reboot the rig and check if everything is working correctly. Then reboot the rig once again, go to BIOS and adjust the following setting: change ‘Above 4G Decoding’ state to ‘Enabled.’
Take into acount your powercost, but even for me in one of the most expensive countries for electricity, I still earn a nice profit. You will not get rich of it, but you have some fun on it as well (otherwise you will go out and spend the money in the bar or so). 
Currently even at overinflated GPU prices you might see a return in ~6 months. In the mining community that seems like an insane amount of time. Crypto is an anomaly though. In business that’s a super win. Even if the timeline goes out to 8 months and then you start profiting it’s still considered a good investment.
Also take a look at this chart: https://etherscan.io/chart/hashrate [4]. That tells that hashing has gone up from 5,700GH/s around Jan 1 to 48,000 GH/s which is an almost 10x increase. So now you have 1/10th the chance of discovering the next block compared to just over 6 months ago. Extrapolate this kind of exponential growth forward over 2 years and you should see that the yield is looking nothing like 32 ETH. If you’re making 1.5 ETH a month this month, next month it’ll be maybe 1 ETH (or less) and so on. In 2 years you’ll be making basically nothing per month, definitely not 1.5 ETH. Believe me – I’ve done this with BTC mining and never made a profit.
That’s how much the difficulty increased over the past month, so it’s not as stupid as you might think. With a fair number of people out there still taking delivery on overpriced mining hardware, it’s not too much of a stretch to think that it might keep going up linearly.
The 1080 Ti represents the pinnacle of Nvidia’s graphics card line-up. The price of this card is a way high, but it has a great deal of fast VRAM, so it will ensure that it’ll be able to mine Ethereum for years to come. From the spec sheet, things look very good indeed and if you try to work on it a bit, however, you can raise the hashrate up to 32 Mh/s. This hashrate is great for mining Ethereum. However, the card is even better at mining Zcash.
Monero was built from the ground up to focus on user choice: the choice for scalability, the choice for privacy, and the choice for decentralization. It features a proof-of-work algorithm known as CryptoNight, and makes heavy use of the ring signatures to ensure anonymity is maintained. Earned XMR can be autotraded in the dashboard to other cryptocurrencies, including Dash and Zcash – another privacy-centric cryptocurrency.
Regardless, I’m going to pick up where Eric left off. With a stack of graphics cards at hand, I am ready to go down the mineshaft. Will this be a fool’s errand, or is there still gold to be found? Let’s find out.
Mining profitability depends on a few different factors, related to cloud mining the most important two are Ethereum market price and of course cloud mining price. In general, you just need to compare how much you pay to rent the hardware and how much coins you get in return.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.
Hi guys, Finally i have decided to to invest on dash mining.i am so escited by doing this because dash has great potential. So even if difficulty is growing up just mine it guys. Pick your own dash mining it inside genesis mining.
Today I got a Sapphire Tri-X R9 290. They’re a beast of a card with 2 8-pin power connectors (won’t boot up with 6-pin), and it’s physically the biggest card I have. With the R9 290, I find I get ~5% better hashrate with Claymore instead of Genoil’s miner (with R9 380s, it’s almost identical). At the stock 1/1.3G clocks, I was getting 28.3Mhs, and OC to 1125 I’m getting 31.8Mhs. Only running for under 1hr at 1125, so can’t say if it is stable yet.
One thing you did not mention however, is you could theoretically mine at break even, and if the Eth value explodes, discover your profit at that juncture. I guess that would make you more a speculator than a miner though?
However, these calculators may not consider all the factors that affect the profitability of ETH mining. That is why if you use a number of calculators you end up with different figures. This article will look at the details that matter when you calculate the costs, revenue, and profits in ETH mining.
In the meanwhile, we’ve started to build the shelves for the rigs. The design we’ve came up with does not take a lot of resources while at the same time is enough to safely hold all the rigs. At first, we were about to order steel bars for the rigs when we’ve realized that aluminum ones would do even better.
Great passive revenue stream with the flexibility to maximize the investment on a daily basis. Provides the ability to tune the dial on the dashboard for various crypto currencies to mine what is most profitable at the time.
Another risk, though small, is that if you decide to mine on the ETHash algorithm you have to make sure you have enough VRAM (Video Random Access Memory) on the graphics card, as the networks DAG (Directed Acrylic Graph) will be stored on the VRAM. So if you do not have a large enough VRAM size on your GPU you will not be able to mine that coin. At the moment, Ethereum’s DAG file size is 2.1 GB meaning that you will have to mine on a card with more than 2 GBs of VRAM. You can check the DAG size for some popular coins using this website.
If you’re interested in mining Ethereum because you want to make a quick buck, you’re going to be disappointed. If that’s you, then I would say to stick with just buying some Ethereum or Bitcoin on Coinbase and holding onto it for several years. My mantra with mining is this: Don’t just do it for the money. If you want to start mining, it’s probably a good idea for you to care about it as a hobby as well. It might not ever make you big gains, but it’s fun and helps minimize risks
4) Remote reboot and power management. There is a device called an iCoostor. It will monitor your power usage and give you the opportunity to cut power to your rig remotely. This can be important 1) to know your power costs 2) if your rig hangs you can cut power using the iCoostor and then when you restore power (all remotely) you can have the BIOS set to automatically reboot your rig. That combined with the automated startup scripts provided on this site will have you back up and mining in minutes from anywhere you have an internet connection using only your smartphone.
I bought nvidia for the same reason but I would simply add that nvidia is good for most of the coins, it’s only that RX cards are a bit better for some coin. You can make decent money with Nvidia on Ethash.
Mining is a word that originates from the gold analogy of the cryptocurrency sphere. It is not some get rich quick scheme. It requires time and effort to grow especially when you are working alone. The word was adopted because just as precious materials are difficult to see, so are digital currencies. Since mining must take place to increase the volume of precious metals in the market, digital mining must take place to increase the digital currencies in circulation.
You have many upfront savings when you join a cloud mining pool. There is no need for any mining computer; you save on high power bills, no issues of purchasing, installing software or any licenses. You do not need to be an expert in mining to join the pool. The other advantage of joining a mining pool is you get daily payouts. Your investment initially is on purchasing of hashing power and once you do that the one year contract is signed.

One Reply to ““ethereum mining rig pcpartpicker””

  1. So I remain convinced that you should only be doing this (mining) if your costs are very low. If you have free or very cheap hardware and someone else is paying for the electricity then, by all means, have at it – you’d be silly not to. Just where that break even point is going to be for ETH I don’t know – I have previously bought a $200 GPU and mined various coins, made back maybe about $200 at the time.

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