“ethereum mining with antminer”

“ethereum mining with antminer”

But if don’t want to build a mining rig and just want to mine ethereum with single GPU I will suggest you to go with  AMD Radeon R9 295X2, as it is the most powerful mining hardware available in the market.
Pool Mining – This is where you team up with other miners to reduce the volatility of your returns. This means whether you get 5 ethere every 5 days or 1 ether every day. The advantage of this is you get a continuous stream of ether and you don’t have to download the entire blockchain. Check out our guide on how to mine ethereum as part of a pool here.
Due to the massive demand for Ethereum mining rigs you’ll see cards sold out at most retailers (Nvidia even put out a statement about it). If you’re willing to pay a premium you can find them at a higher cost but we recommend finding the cards for their retail price. The GeForce 1070 is easier to find from our research.
A password will be of you at this stage, and extra care should be taken here. Be sure about your password, write it down if possible and be sure to type it in carefully. Press enter once again after typing in the password and voila! Your new account is created.
Basically, today we’ve installed the panel and connected all the plugs and power cables. Safety is always a priority for us so we’ve made sure to make the installation according to all norms. We’ve also tested it and everything works perfectly. I feel so good about it – the amount of cables to connect was quite intimidating at first, but eventually we’ve managed to plug the right wires to the right places.
Like with CPUs, you can reduce the voltage supplied to the GPU and decrease the power consumed and waste heat produced. Whether or not there’s a trade-off depends on the silicon lottery. Most discrete graphics cards can undervolt How Undervolting Decreases Heat & Increases Battery Life How Undervolting Decreases Heat & Increases Battery Life Would you believe that many computers and smartphones can run cooler and consume less power? A trick exists, called undervolting, which can increase your CPU’s efficiency with few drawbacks. If performed right, devices generally produce… Read More slightly without losing anything. However, a small number become unstable, even with a slight undervolt. You won’t know until you try.
Ethereum is currently the second largest cryptocurrency in the world and not only is it growing quickly, it’s also becoming more widely used. Ethereum is projected to grow tremendously in 2018 and mining is a great way to generate passive income.
Ether is necessary if you want to operate on the decentralized platform Ethereum. Payments are done in Ether to execute operations on Ethereum network. The currency avoids spam programs and keeps the network healthy.
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I had two previous contracts one for Bitcoin and one for Ether, both had very good returns with regular deposits to my wallet. Just took out a much larger DASH contract for 2 years, deposits of dash started the next day.
Made about $300 dollars with genesis so far in about a month and a half. really awesome service. Had one issue with a payment not being processed and customer service resolved this immediatly. A tip I would give is to stick to one mining contract and upgrade every now and then so the difficulty increase wont be noticeable. This is better than having more than one contract and having it pay less and less each time with difficulty increase. Also use crypto to pay instead of credit card, this way there is no 30 day payout hold. Good luck guys.
As my title says, I am a complete newbie to the Ethereum Project, but not to the cryptography in general. Although this will be the first time I will consider investing in the mining process. And I just would like to know, what is the best current hardware is out there for mining, and where best to find available in stock to ship.
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.
Carefully weigh your options, but whichever card you decide on, be prepared to spend a lot of shopping time at the various retailers and resellers. Only if you keep in mind your budget and power costs, you can hope to find that coin at a “fair” price.
Great this saves me a lot more time than actually going out and buying a graphics card and downloading geth and spending ages fiddling about with it all to get it up and running – and then maintaining it for upgrades.
Perfect transaction ans very easy procédure. If i have something to recommend , it’s to explain to the investor/buyer that there is change taxe when you décide to invest on something. For exemple, i have bought for 3831 euro in Dash but i have 80 euro exchange taxe with visa. I think that the person who decide to invest have to know this charge un more. But for the rest, i hope that my minning WILL be profitable for the future. If it’s the case, i WILL invest again in this plateform.
You need a computer, a GPU, and other accessories depending on the setup. The best GPU integrates a high capability to give you a high hash rate and economy in power consumption. You can also include cables, air conditioning equipment, and a power supply unit (PSU) among your hardware expenses.
If you plan to run Linux, you can use pretty much anything, including a ~$5 16GB USB stick (we’ll be using Claymore miner, which doesn’t write Ethereum’s DAG file to disk, so we don’t need to worry about wearing a USB stick out due to constantly writing to it, like with the stock ethminer). With that said, SSDs are pretty cheap nowadays and it might be nice to have one in case you want to try Windows at some point.
As always agree with what you’ve written here. I definitely do think it is profitable for people who already have cards. I still think it could be profitable even at current GPU prices, but for me it is insane to buy more at this point from a risk standpoint, as I’m being ultra risk averse.
The one extremely important factor that you and all people with this argument forget to mention is that the price/value of ether has gone up at a faster rate than the difficulty… Simply put, making less ether over time, but each ether is worth more! Currently, 2800 worth of hashpower will break even in only 6 months and anything after that is profit! Keep in mind, ether is in a downtrend right now, when it explodes again, breakeven will likely drop to 4-5 months. Btw, Genesis doesn’t charge you for electricity, so there’s big savings to consider there too. Thanks!

One Reply to ““ethereum mining with antminer””

  1. Mining a block is difficult because the SHA-256 hash of a block’s header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information.
    Nvidia Corporation is an American technology company based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market

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