“ethereum mining using gpu ethereum mining machine reddit”

“ethereum mining using gpu ethereum mining machine reddit”

ethOS is a stripped down version of Linux (Ubuntu 14.04 to be specific) that has the simple aim of mining Ethereum (and a few other cryptocurrencies). Not only is it incredibly easy to set-up, but it’s also easy to use and maintain. I’ve also noticed that it runs more optimally than Windows. It does have the downsides that you won’t be able to use your rig for much else, but most people don’t tend to anyway. Furthermore, remote access is only through SSH so you should be comfortable with not having a GUI. However, for $39, it’s a no-brainer in my opinion.
Über das Eingabeaufforderungsfenster prüfen: Willst du deine Ether Adresse (ETHERBASE) und das Guthaben darauf prüfen, musst Du ein neues Eingabeaufforderungsfenster öffnen. Das Eingabeaufforderungsfenster in dem die Blockchain heruntergeladen wird muss dabei laufen. Gib folgende Befehle ein und bestätige sie mit der Enter-Taste:
Ethereum is a next-generation application development environment for secure digital “smart contracts”, title transfers, and payments – just to mention a few of its advanced capabilities for storing, verifying, and transferring real-world value (such as real estate transactions, vendor agreements, and the trading of commodities).  Ether (ETH) is the core digital currency in this environment.  Banks like J.P. Morgan and tech giants like Microsoft & IBM – plus tech implementation firms like Deloitte – are all looking at Ethereum to provide the backbone for super-secure and completely decentralized digital commerce (learn more HERE).
Admittedly I haven’t been trading forex – or anything else, for that matter – for a long time, but I did buy a $450,000 house to rent out, using – effectively – some leverage from the bank (I got a home equity loan of $330,000 and put in the rest, $120,000, from my own pocket; I only pay the interest on the loan, about $1,000 a month or $12,000 a year), and have been comfortable doing that for the last three and a half years. I earn a net profit, after all expenses, of around $1,500 a month, or $18,000 a year, from the house in rents (I rent it out to students exclusively, and my son manages the house, for which trouble I let him stay for free in one of its two basement apartments). I judge this venture to be no less risky than a well-controlled forex account in which I never risk more than 1% of my capital per trade. The house could go down in value, it could burn down, a student could hurt himself and sue me, all sorts of nasty things could happen.
HASH RATE – as described before, Linux is not EFFICIENT and you will not get the same hash rate as on Windows, for example the exact same settings on a GPU on Linux would give you 28.8 MH/s and on Windows you will get 29.3 MH/s.
So, where’s the money come in? Well, as you are probably aware, Bitcoin has become pretty valuable since its introduction in 2009 achieving a market cap of ~$70B USD as of October 2017. Somewhat quietly, Ether has recently crept up to have a market cap about 40% of the size of Bitcoin. All of this means that Ether is now worth real money. Of course, if you just wanted to invest directly in these crypto-currencies you could do that through a currency exchange by trading in your national currency for a digital alternative. For Ether though, you can also acquire it another way…
The process of mining is slower than the process of verification, which is nearly instantaneous. As a result, miners “find” a block roughly every 15 seconds. Ethereum adds some further stipulations and incentives: if miners develop new tools to find blocks more quickly, the algorithm automatically adjusts to ensure that the mining rate for a single block remains in the 12 to 15 second range. (See also: What is Bitcoin Mining?)
The calculations neglect the electricity used by the other computer components, but these are usually negligible, especially if you have multiple GPUs in a single rig. In my case, I am mining with multiple RX480s, and expect to generate around $200 a month. Since all the equipment cost me $2000, I will break even after ten months, and make $400 profit or 20% by the end of the year.
But that doesn’t mean it is not a worthwhile endeavor; after all, there are many successful Forex traders out there that trade for a living. The difference is that they have slowly developed over time and increased their account to a level that can create sustainable income.
Developers plan to ditch proof-of-work, the algorithm that the network currently uses to determine which transactions are valid and protect it from tampering, in favor of proof of stake, where the network is secured by the owners of tokens.
The starting balance also affects our income potential. With a $4000 balance, taking trades that last a couple months, a reasonable income estimate is $80 to $200 per month if risking 1% of the account per trade (over time we will accumulate multiple positions, with some likely being opened and closed each month). If risking 2% per trade that income estimate doubles (assuming a profitable strategy is being used). Double the starting balance, to $8000, and the income in dollars doubles again.
Third, select the Graphics card you intend to use for mining. The calculator automatically enters the correct hashrate and power consumption. If your card isn’t listed or you’ve modified its performance, select the Custom option and enter the relevant figures manually. Note that GPU hashrates are entered in (Megahash per second aka MH/s; denoting millions of calculations per second).
This is possible because let’s say you risk about 10 pips per trade, so you can take a position size of about 5 mini lots ($1 per pip movement), which will lose you $50 or make you about $75 if your average gain is 15 pips. Of course you won’t win every trade, but if you win 3 out of 5, you’ve made yourself $125 for the day. Some days you make more, and some days you make less.
2) After generating the Account, add a wallet and write down or copy to a text file the unique address. This address will start with the characters “0x”. It’s necessary for receiving ETH mining rewards!
Click on ‘Much Receive’ to see your wallet address. You can use this long string of letters as the address to use when you want to receive money in to wallet. Don’t worry about making it public – people post their personal wallet addresses anywhere and everywhere in order to receive money into them.
Personally, I’ve concluded that due to the very high Ethereum mining difficulty, it’s not actually worth it in the short and mid-term. An hour of running a g2.8xlarge instance currently costs around $2.6 per hour. The current gains in mining Ethereum is around $2.6 a day!
Stratum address and port number to connect to.”Stratum” is a coin mining protocol, but you can just think of it as a type of internet address you will connect to which provides a channel for sending and receiving the mining work.
Great guide, I wish I had this a few months ago before I started mknkn. I’ve gone through all this the hard way which is good but this guide is very clear and straightforward. Having said that I wonder if you would have any idea how to fix the issue I have come across. After mining for two weeks on windows 10 with claymore on nanopool @ 6 x 1070 GeForce. My miner went offline. It says “ cannot write a buffer for DAG” CUDA error 77. It also says “an illegal instruction was encountered” and “calc DAG failed” I have increased the virtual memory but that did not work. My hard drive says it has not 15gb of 110.

One Reply to ““ethereum mining using gpu ethereum mining machine reddit””

  1. Learn currency trading from the experts! At Online Trading Academy, we break down the online forex trading experience into multiple courses based on your level of expertise. We can help establish the fundamentals of online currency trading for the new trader, or refresh advanced principles with a more experienced investor. Trade forex online on your own schedule with markets open 24 hours a day, five days a week. Our expert educators can help you implement your own forex trading strategy based on live streaming data and analysis.
    Step 13: Type in cd cpp and then press tab and then enter. This is taking you into the newly installed Ethereum Mining software folder. And this should look like this after pressing tab C:\Program Files>cd cpp-ethereum and pressing enter gives you C:\Program Files\cpp-ethereum>.
    Here you’ll find forex explained in simple terms. If you’re new to forex trading, we’ll take you through the basics of forex pricing and placing your first forex trades.‘Forex’ is short for foreign exchange, also known as FX or the currency market. It is the world’s largest form of exchange, trading around $4 trillion every day, and it is open to major institutions and individual investors alike.

Leave a Reply

Your email address will not be published. Required fields are marked *