“is ethereum mining profitable”

“is ethereum mining profitable”

On the forex market, trades in currencies are often worth millions, so small bid-ask price differences (i.e. several pips) can soon add up to a significant profit. Of course, such large trading volumes mean a small spread can also equate to significant losses.
In Notepad create a file with the below text and save it as a gethsync.bat, in your Ether folder. Launch this bat file every time before you start mining. You can also create a shortcut to it on your homescreen.
Now that your miner is set up, you’re able to sit back and watch as your video cards gain you passive income every month in the form of Ethereum. It is important to consider any variable costs that you may incur during the mining to determine your profitability. Variable costs may be electrical costs, maintenance costs, pool fees, dev fees, exchange fees, etc.
So with that in mind, with a 25 pip stop you’re more of a short-term swing trader, not a day trader. You’re looking at about 5 trades a week, instead of a 3 or 4 a day. Adjust expectations accordingly
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.
In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.
Any successful attacks present a risk to the Ethereum Platform, expected proper execution and sequencing of ETH transactions, and expected proper execution and sequencing of contract computations. Despite the efforts of the Ethereum Stiftung and Team, known or novel mining attacks may be successful.
Because of the lack of a centralized exchange we also see price variations from broker to broker.  When dealing with major brokers in well regulated countries these differences will be small but traders need to be aware of this fact especially if their charting data provider is not the same as their broker as it can lead to inconsistencies between intended and actual execution of trades.
Add each GPU one by one, making sure that the system runs stable each time. By doing so, you’ll ensure that the system recognises each one correctly, and if there are any issues, it will be easier to pinpoint.
Once you’ve made yourself rich enough you’ll want to turn off your Spot Fleet. Please, do yourself a favor and do not try to individually delete all of EC2 Instances, the Role, and the Security Group that the CloudFormation Template created. There is a much easier way. Just delete the Stack using CloudFormation. It will automatically delete all of the resources that were created for you.

One Reply to ““is ethereum mining profitable””

  1. You can follow Steps 2-4 to download the official Ethereum Wallet, but you do need to wait for the full Ethereum blockchain to sync.  To skip this and get going much faster, jump down to Step 5 and create a wallet using MyEtherWallet instead.  
    Tools like SMOS or EthOS are very expensive and they offer you as they describe it: “Simple” mining monitoring solutions. Their tools for overclock and undervolt are not working properly. Those Linux based OS CAN’T have the same Overclock/Undervolt settings as on Windows, or they will crash because of poor driver support (800mV on Memory works on most GPU’s under Windows, but almost none on Linux…).
    GPU CORE OVERCLOCK/UNDERVOLT – we need to do two things to the GPU core. First, we will need to set P7 clock rate and its voltage. You need to remember that the GPU’s core is not used to mine ethereum a lot, it just helps the memory to do the hashrate. The GPU’s core generates the most heat on the GPU and uses the most power, so our intention is to push the GPU’s core down as much as possible to save power and lower the temperature on the GPU without losing ethereum hashrate, or lose some hashrate because we save more on the power cost reduction than the small ethereum hashrate drop. It would be very recommended to have Wattmeter to make your own calculations to see what’s more worth for you. In general most optimal clock rates for ALL GPU’s is around 1150mhz. Some RX 570 can even work at around 1100mhz without losing any, or very low hashrate reduction on ethereum and that will reduce  the power draw drastically. Some RX 580 need 1200mhz to have the optimum hashrate, but most of them work best at 1150mhz. In general never go above 1200mhz because it will start to use much more power,  and you can will that with your Wattmeter. For the Voltage part, it’s best to keep them at 850mV. You can try to reduce the voltage to 825mV or 800mV if you are going to keep the GPU’s at 1100mhz, but it is possible to get a freeze or crash. The best way for you is to test your hashrate with those values described and see what effect it has for your GPU to run it at 1100mhz, 1150mhz, 1200mhz with 850mV voltage in all cases. Then compare the power draw with the hashrate and calculate what’s more profitable for you. In most cases 1150mhz/ 850mV is optimal.

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