“ethereum mining update”

“ethereum mining update”

I’m about to (1) R9 280x HIS R9 280X IceQ Boost Clock 3GB GDDR5 PCI-E DLDVI-I/HDMI/2xMini DP + (1) 750W PSU. I’m confident that I will be able to ROI, but it seems too risky because nothing else is worth mining with it besides Ethereum.
The conversion process isn’t completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules of energy per KWh).
‘C:\Users\Username>’ the username placeholder is the name of your computer and is the usual display format by the command terminal. Locating Geth is the next step; type in ‘cd/’ into the command prompt terminal; this is an instruction to change directory. ‘C:\>’ should be highlighted now, which means you are currently in the C: drive.
1 Megahash, 2 Megahash, 3 Megahash, 4 Megahash, 5 Megahash, 7.5 Megahash, 10 Megahash, 15 Megahash, 20 Megahash, 25 Megahash, 30 Megahash, 40 Megahash, 50 Megahash, 55 Megahash, 70 Megahash, 80 Megahash, 90 Megahash, 100 Megahash, 250 Megahash, 500 Megahash
Mining profitability is a variable and depends largely on the type of mining software you own, the cost of electricity in your locale, the current price of the cryptocurrency you are mining and, of course, your own overheads.
@AlBoKa Thats more than half of profit. Good thing ether is not as power hungry as other coins. You can downvolt, downclock and still minor decrease on hashing speed. Just find the sweetspot. Happy Mining.
I got fired 3 week ago and got into depression, one of my best friends is a crypto trader. Instead of feeling shitty he want to teach me everything about crypto and he said that it might help me to understand the normal 9-6 job life is not the only way. here are the tips and resources he gave me:
It’s not gonna plateau. What all the stores being sold out means, is that a shit load of gpu’s are being bought straight through the major suppliers for large farms, and new cards are going online just as fast as they are being made. What you proposed would be true if production was down, but it’s not. What we’d want to see is cards cathering dust on the shelves at retail stores. What’s happening right now is the worst possible realistic screnario when it comes to the difficulty.
Right now it is quite profitable, but it is better to see the historical comparison between prices and the difficulty. Also take in mind that the cards doesn’t last forever – not that they will brake down but eventually new cards with better hashrate per watt are appearing. So, I would say that we are looking at about taking back the price of hardware in the first year and then start taking profit which will gradually slow down. So if you invest X money in 2-3 years you will make back double the initial investment.
Place your brace (1″ PVC pipe is really ideal and won’t flex over time) so that it is sitting above the motherboard, high enough for your GPUs to rest on. Cut the brace so that an inch or two sticks out on either end of the crate.
Look at it this way – if the price of ETH is going up and you’re relying on that to make a $ profit then just buy ETH – you’re guaranteed to make a profit with zero overhead for buying hardware. If you are given the hardware or can buy it cheaply (I detail the numbers above) then you can still make a profit, I discussed that scenario above. But so far I haven’t come across a mining contract that wasn’t completely rigged to be less profitable than buying ETH in the first place.
I think it’s profitable only if ETH price climbs with ETH difficulty but with that being said, it would be better to just buy ETH if ETH climbs 30-50%. The people who are making the real profit are the people who are supplying the parts :)!
Great article, wish you would take it a step further and play with tuning the system to see how significant of a change you might be able to dial in. Also, In regards to heat, maybe it makes sense not to mine during the summer cooling months, but run it 7-9 months out of the year were the heat it produced would not be wasted completely? I understand it’s not the most efficient way to heat a house, but, at least your not doubling down on your costs?
AMD’s cards are more popular with miners and they are likely the best choice for those who are budget-conscious. The fact that AMD’s quarterly sales are over 30% lower than Nvidia’s means that its top line receives a greater benefit from a given amount of mining-related sales. On the other hand, the top-end Nvidia cards outperform AMD cards in terms of power efficiency, and they are quieter and more versatile than AMD cards.
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.
Geth needs to link up with the network before anything becomes fully operational. Type in ‘geth —rpc’ in the terminal and then press enter (you should be used to this by now), this action starts the download of Ethereum’s blockchain and synchronizing with the global network. This process is time intensive and is dependent on how large the blockchain is currently and the speed of your internet connection. Make sure you wait until the completion of this process before mining.
“I found CoinMiner and asked for some consultancy services to help me build my mining farm. They advice they provided was invaluable and has meant that my mining operation has got off to a solid start. I now contract CoinMiner for maintenance of my rigs.”
Ethereum is distributed among a public blockchain, much like Bitcoin, but it has a completely different blockchain protocol than Bitcoin. Bitcoin’s blockchain is based on proof of work (PoW), while Ethereum’s blockchain is soon to become based on proof of stake (PoS).
Many of the Liberty Con attendees, sponsors, and organizations were very interested in cryptocurrency solutions and blockchain technology as a free market concept that can help remove the chains of tyranny… read more.
miss information. rx 570 – 580 get 22.5 mh/s with stock settings, if you put the correct drivers. correct drivers for the windows are the last one, but you need to change gaming -> compute to go mining. this will increase from 17 to 22.5. then after bios u can get 29-30
To connect all of the GPUs to your rig you’ll need a motherboard with at least 6 PCIe slots. You’ll see most motherboard offer PCI x16 and PCIe x1 slots but the risers will connect into a PCIe x16 or x1 slot (this doesn’t affect the mining hashrates).
Unfortunately it’s hard to troubleshoot without any error message. Do you ever get problems running graphically intensive applications like games? You could also try downloading a stress testing app for your GPU and seeing how it performs:
You will need a large amount of money for good hardware. This investment will be difficult to return with profit, the return will take several years. I do not advise you to mine, better participate in bounty campaigns.
Now that you have your rig up and running, check out this optimization guide for details on how to modify your GPU BIOS to both increase mining speed and decrease power consumption. If you’re looking to maximize your Ethereum mining efficiency, this is a must-read!
The rest of the computer doesn’t matter much. In general, you want a case that can adequately cool either an RX 460 or RX 470 — but GPUs include their own cooling mechanism. The basic idea behind a case is that it shouldn’t impede the GPU’s ability to cool itself. Some people even choose to do open air builds. An extreme few daisy chain together multiple 470 GPUs on Ikea storage shelves!
Now granted at the end of the six months you could turn around and sell your rig to someone else, or just keep mining. But eventually, the yield will be less than your $100 a month power cost unless ETH is going up by more than 50% per month (that could well be – do you feel lucky punk?).
Si la verdad que estoy satisfecho con el producto., lastima que para comprar con tarjeta de credito no se pueda montos superiores a USD 100., por que tenia ganas de invertir mucho mas en X11 pero no me dejaron., y ahora ya se agoto el producto.
The GTX 1070 is an amazing graphics card, where it’s only let down is it’s expensive price. However, this card achieves amazing hash rates on the ETHash and EquiHash algorithms, and draws a mere 150 Watts. My personal rig uses 4 GTX 1070’s, so I highly recommend these cards, especially if you can get them for a good price. This card is an excellent performer when it comes to gaming, so if you decide to sell your rig, you should be able to sell these cards for a great price. With 8 GBs of onboard VRAM, you will not have to worry about an increasing DAG file.
Considering that ethereum cloud mining is a service created from an almost purely business standpoint, there is understandably, a cost associated with its appliance. Lower returns are expected because of the involvement of a third party. However, for standalone mining, a more comprehensive mining rig and configuration is needed, and this calls for a substantial upfront financial expenditure.
“When you compare cloud and private mining you will see that cloud mining has its unbeatable benefits, such as no power limitation. You would probably not get more than 6 kWt at your living place, while having a semi-professional “farm” is pretty risky due to high fire- and overall security reasons. In our case we use specialized datacenters which are equipped with everything necessary for convenient and risk-free mining.”

One Reply to ““ethereum mining update””

  1. Selling Profile tells the calculator how to use the Price Change value. Price Change must be set to something other than 0 to have any effect on the profitability projections. Selling Profile has 4 different options:

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