“ether mining claymore”

“ether mining claymore”

Learn how to build an Ethereum mining rig using the step-by-step guide below. Mining Ethereum is an incredibly profitable use of off-the-shelf PC hardware. Currently, I’m mining roughly $500/mo of Ether using this exact rig.
From what we have learned from mining bitcoin back in 2013 to mining ethereum now is that the GPU’s that mine Ethereum produce a lot less heat then the SHA256 equipment we used for bitcoin but we have an open rig design to allow air flow to take away heat.
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.
One measure of AC efficiency is EER. It’s a measure of cooling capacity (in BTU per hour) by input power (W). A typical AC unit might have a EER of 10. If you convert the units, that’s 2.9 W of heat removed per watt of power consumption by the unit. So your cooling costs would result in an extra ~33% on your power bill, not an extra 100% (double).
This is a real Ether mining plan, the fuel for the Ethereum project. As contracts last for a year, and there are no maintenance fees. You can purchase Ethereum mining contract by Bitcoin, wire transfer, credit card and alternative payment methods such as Webmoney and Payeer.
This is the projected mining profitability of the Radeon R9 295 X2. As you can see, you’ll make over $1000 USD annually per card. This means you’ll break even in less than a year and generate passive income.
Also I disagree that trusting the miners is foolish, yes 99% are in it for the profits but there is a balance between the difficulty, price, and gross hash power, and it seems to be working. Even if difficulty doubles (depending on your electricity) it still has a 12 to 18 month payback without price inflation.
The time-tested wisdom in mining is that it’s probably best to not assume that ETH will stay at any given price in the short term. Theoretically, it could crash at any moment. If ETH had a sudden price crash, people would be dumping their GPUs all over eBay and Craigslist — meaning much lower resale value for your hardware. It’s also wise to consider that if the difficulty continues increasing and the price doesn’t see any major bumps in the coming weeks, revenues will only be thinned even more.
Time is also a factor, as the coin matures and is more widely known, it becomes less profitable. Hence, keeping in mind all these factors, you can calculate the profitability of your mining. There are online calculators and programs to do so.
We’ll be seeing ETH go PoS this year, meaning there’s 1million+ graphic cards switching from ETH to other coins as well. This will create huge chaos for sure. Once that happens i hope miners have gotten their ROI
In the Host Name box, enter “[email protected]_dns_name” . Replace public_dns_name with the public DNS for your instance, which you can view by using the EC2 console (check the Public DNS column; if this column is hidden, click the Show/Hide icon and select Public DNS).
I would normally recommend using an Intel Atom motherboard. Unfortunately, no consumer-class Atom board offers full-sized PCIe x16 ports. Also, there’s some confusion regarding how much power the PCIe slot produces. According to its specifications, a PCIe x16 slot can deliver around 75 watts. That should be enough to handle the 75-watt draw of the 460, but some 460 manufacturers include an optional 6-pin connector — for added safety.
One can simply leverage a setup at home and start mining Ethereum by using GPUs. You can use the ASIC resistant Ethereum algorithm for mining Ethereum with dedicated processors. Since Ethereum hardware constitutes the most important mining component, it needs to be addressed with due diligence.
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.
My single most important piece of advice to miners is to make sure you have a near 100% uptime, because if your miner shuts down while you at school, work, overnight, or while you’re on holiday you will lose out on gaining a large portion of your profits. One of the easiest ways to secure your stability is to have safe overclocks, and by testing your rigs. Instability can often be caused by too high of an overclock, or by faulty risers. I also highly recommend the EthOS Linux Distro. EthOS is an operating system specifically made for mining Ethereum and other cryptos alike, such as ZCash, Monero, and many more. The OS is extremely stable and if your rig crashes, the OS will boot up and start mining straight away. The OS also supports up to 16 AMD or NVidia graphics card, which is a huge step up from Windows, which supports a maximum of 8.
Think of it from a business standpoint. How many times can invest in a business and expect a return on your investment in even a year? Two years? 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. As good as just investing in ETH? Likely not. But we’ve discussed risk aversion and mining before.
According to coinmarketcap.com website, the total crypto currency market cap in July 25, 2017 is $95 bln. Bitcoin leads the market taking almost half of that =  47.4% or $45 bln, followed by Ethereum…
For me, my aim was to find out more about the Ethereum network as I am a software developer and the possibility of programming smart contracts is like playing with a giant box of Lego Mindstorm, with unlimited pieces.

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