“ethereum mining yield”

“ethereum mining yield”

With the prices of graphics cards rising due to the cryptocurrency gold rush, it’s now more sensible to buy a pre-built device for mining cryptocurrencies, which is where our best mining rig 2018 list comes in.
So is it worth it to start mining Ethereum in December 2017? It depends. With 6 8GB RX 480 GPUs, for example, you’ll get about 150-180 Mh/s if you optimize them with a modded BIOS. At current rates that’s about .13 ETH per week, and at current prices that’s about $81 profit. That’s a pretty minimal return, and considering the incoming “Casper” update which will slowly but surely nullify traditional mining operations, a $2,000 rig, assuming current rates, would probably not reach return-on-investment by what it mines alone in any reasonable time frame.
i’m mining ETH and ETC for about 8 months now…and there was some period where ETH was low on price…but still i managed to cover my electricity bill…i’m paying around 180$ for elec…so at this price of ETH + DCR is very profitable to mine…around $10k/year…minus $2600 electricity cost’s…it’s still +$7k profit…this is half of my year’s sallary…
Cryptocurrency mining is a big buzz topic in technology these days. And why not? Utilizing your computer to digitally mine what seems like free money only begs the question, “where do I sign up?” Your machine actually be “mining” or processing transactions for a decentralized currency, the hottest variant of which is called Ethereum.  Poised to overtake the industry bellwether Bitcoin, Ethereum has experienced explosive growth with roughly a $35 billion dollar market cap currently.
GPUs are up to 200 times faster and more effective when it comes to mining Ethereum than compared to mining via CPUs. GPUs with at least 3GB of RAM are recommended for mining. In the past this used to be 2GB but as the difficulty rises you would need more powerful machine. The best GPUs for mining Etheruem currently feature 8GB of Graphic RAM.
The reason this is so important is GPU’s are selling out at insane prices now because the masses are seeing that you get way more revenue than cost of electricity. But it’s highly possible that at current difficulty trends – even if difficulty plateaus – GPU’s bought today will never pay for themselves without a serious increase in ETH price (in which case just buy ETH instead of mine). So I’m unconvinced that mining is “profitable in 2018” – it’s profitable for people who already have cards yes, and for them they may have enough mined from earlier months that overall it is profitable for them too. More disturbingly – this trend of misunderstanding what “profit” actually is is only driving the difficulty higher as folks naively think they’ll actually make money at current prices and difficulty trends.
You’ll want to work in an Ethereum Mining Pool. Think of solving block hashes as buying lottery tickets, the more computers working on a block the higher chance you have to solve. Being in a pool with thousands will give you a more consistent payout than mining alone.
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.
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.
Selecting this option will show the Sell Monthly field below, this is where you input what portion of crypto you would like to sell each month. For example, if you plan to sell 25% of your new crypto, enter 25 into the Sell Monthly field. Your profits will equal (money earned from selling) + (unsold crypto * predicted price) – (total expenses + hardware costs)
“This idea is not new, Ciprian” – you might say. You are right, you know – I’ve checked and found at least half of a dozen websites that offer fully assembled GPU mining rigs for sale. There is even an ICO for that. So what made me think that I can bring some value to you?
Awesome! I’m going to be making $900 a month, and better yet I’ll be making $10,000+ dollars a year. Sadly, this is a naive projection. If we use another service for mining projections such as MyCryptoBuddy’s Ethereum Mining Calculator (http://www.mycryptobuddy.com/EthereumMiningCalculator) We see that this is a more realistic projection of future profit because it accounts for the increase in difficulty. Using this calculator, with the same hash rate previously stated my return profit drastically changes:
As already mentioned the ethereum mining is done using graphic cards. As graphic cards can not work by themselfs, the ethereum mining hardware consists of a omputer which has as many graphic cards attached as possible. Those computers are called mining rigs and in gereral they have around 6 gpus powered by 1-2 power supply units.
*Lifetime Contract means that the duration of the contracts are not fixed, contract will be active until it is profitable to mine, and will be canceled when it cannot pay it’s own electricity costs in continuation of some period, usually 14 days.
Difficulty moved up steadily throughout the summer (all the way up to 3,000T in mid-October, at which point mining Ethereum was hardly worth it at all), but a big change happened in October when Ethereum’s reward for a block fell from 5 ETH to 3 ETH and the block time was reduced. Because of this, difficulty dropped to around 1,300, which was still higher than it was when we last updated you.
State of the Art Mining, excellent service provider ! Orders are treated in fast manner, 24 Hours after the payment to mine, you get your first coins in your Wallet ! Is that not a beautiful concept and easy to GO. Whatelse … Looking forward to adding more hashing power. Greg Chemin
GPU   Graphical Processing Unit, a GPU (or commonly just referred to as a graphics card) was previously the dominant way of Bitcoin mining. It was way beyond the efficiency of a CPU and plenty common among computer users to gain widespread adoption. With the increase in the difficulty it has recently become too inefficient for most to continue mining with GPUs as their electric bills now compete with the value they generate. For futher details, please see our hardware page.
Listed below are the components along with the amount you will need to assemble your GPU mining rig. Once your components arrive, you will want to come back to this guide for assembly and configuration instructions. I’ve included a YouTube video further down the page with complete assembly instructions as well.
We looked at some popular cloud mining companies and their offerings in 2016, the cost barrier to cloud mine is relatively cheap and users can start mining immediately. There are a number of cloud mining companies offering services. Genesis Mining was the world’s first large scale multi-algorithm based cloud mining service, which provides both bitcoin and altcoin mining solutions. Cldmine.com offers cloud mining services in bitcoin and other cryptocurrencies.
Click Save private key to save the key in the format that PuTTY can use. PuTTYgen displays a warning about saving the key without a passphrase. Click Yes. Note: A passphrase on a private key is an extra layer of protection, so even if your private key is discovered, it can’t be used without the passphrase. The downside to using a passphrase is that it makes automation harder because human intervention is needed to log on to an instance, or copy files to an instance.
Like most Bitcoin fans out there, I talk about Bitcoin a lot. From the person sitting next to me on the plane to the waiter serving my table drinks, every chance I get I end up talking about Bitcoin. This isn’t something I intentionally force on people, it’s something that just naturally ends up fitting into so many different conversations and every time a Bitcoin conversation starts, I eventually am asked the same question…
Issues emerge when ordering high quality custom rigs that can require an intial investment between $5,000 up to $15,000 and beyond. Certain manufacturers repeatedly postpone shipping times, and due to a continuously increasing mining difficulty over time, potential ROI has a tendency to drop even further.
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.
A car could be uploaded to the blockchain. You, the customer, sees the car. You want to buy the car, and since it’s on the blockchain with a smart contract, you can buy it instantaneously. You pay with crypto, and the car is bought in real time. Everything is executed on the smart contract. You now own the title and all information about the car.
I have ZERO computer skills, and I am sorry if this question come across as stupid but I truly don’t have a clue how this all works. Do you happen to have directions for putting this together? Also, when everything is put together do I just turn it on and start mining? I am sure that I will need software to work this but do you know where I can get the software needed to run these? I am so sorry that I am asking noob questions, but I seem to always have more questions that keep popping up.
Recently I ma waiting for this contract , b;cos mining difficulty for the Dash is low comparing the others. SO i want to grab the opportunity as quick as possible. luckily genesis offers it to me. thanks and best wishes,
Vitalik Buterin, the creator of Ethereum, announced earlier this year that the Ethereum network is going to switch from a proof-of-work to a proof-of-stake framework to confirm transactions. With a proof-of-stake system, holders of Ethereum stake coins by putting them up as collateral to validate transactions. This means that miners will soon be obsolete.
Building your own is much cheaper, and (arguably) more fun! If you’re handy, you can put together a simple aluminium frame yourself for a fraction of the cost of buying one. If you don’t have the necessary skills or tools for that, I popularized building mining rigs inside plastic crates back in 2013, and that still works fine today (for up to 4 GPUs or so, anyway). At the bottom of this post, you’ll find instructions on how to build a plastic crate “case”.
I recommend mining the most profitable coin for you. So, if you’re using AMD GPUs then Monero and Ethereum are the most profitable option for you. If you’re using NVidia, ZCash and Ethereum are the most profitable. It’s your choice to choose which of these two coins to mine, and I recommend mining whichever one you think has the brightest future, as what you mine today may be worth $10 now, but $100 in a few months. You can always trade your mined currency for a different coin if you believe that is a better option. You can use services like Shapeshift.io for the quickest cryptocurrency swaps, or you can trade on sites such as Bittrex so you don’t have to pay as high of a fee.
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.

One Reply to ““ethereum mining yield””

  1. Some of the above links are affiliate links which means I will receive a small commission if you buy through them (you won’t pay any extra). If you choose to buy through these links, thank you for your support.
    Hence, it is reported that Ethereum is changing to Proof of Stake framework later in this year, in which mining of ether is irrelevant and works on Consensus algorithm different from current Dagger Hashimoto algorithm.

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