“ether mining program”

“ether mining program”

13 GPU Nvidia Rig running under Ubuntu 16 (eth hash rate: 300+Mh/s @ 1000W for whole rig): 3x EVGA GTX 1060 3Gb (24MH/s @ 65W) + 6x MSI Armor GTX 1060 3Gb (24MH/s @ 70W) + 1x MSI GTX 1060 (24Mh/s @ 65W) + 3x Zotac GTX 1060 (24MH/s @ 65 W). PSU 2400W, Asrock ASRock H110 Pro BTC+, cheap Chinese risers, Kingston SSD 120Gb, 8Gb memory.
This is the best mining hardware configuration that can mine the following coins / altcoins: Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), PascalCoin (PASC), Decred (DCR), Expanse (EXP), Lbry Credits (LBC), Siacoin (SC), Komodo (KMD), Ubiq (UBQ), Karbowanec (KRB), Bipcoin (BIP), Orbitco (ORB), Zencash (ZEN),  Hush (HUSH) etc..
All the information on cryptocurrency transactions must be embedded in data blocks. Each block is linked internally to several other blocks. This creates the blockchain. These blocks must be analyzed as fast as possible to ensure a smooth running of transactions on the platform. However, the issuers of such currencies do not have the processing capabilities to handle this alone. It is where miners come in.
Today’s greatest news is that we had our first mining rig for configuration – someone called us to help with the hashrate and power consumption. The rig has 6x RX 580 8GB Special Edition, 4x Hynix memory and 2x Samsung memory. The GPU from the back is a XFX 580 8GB!
A word on positioning. GPU’s can get hot – especially if you overclock them so be sure to get the best bang for your buck – and to be safe to place your rig in a well ventilated area so it doesn’t overheat.
1080s are not great for ethereum mining since they use a different kind of memory. The 1070ti do use the DDR5 that the ethereum mining software is optimized for. Still, bang for your buck-wise, plain 1070s or 1060s 6gb are probably the way to go.
So right now (well one week ago when I originally wrote this) I can buy a 2 year 100 MH/s (mega-hashes per second) Ethereum mining contract from Genesis the cloud mining company for $2800 [1]. According to various profitability calculators that would currently yield around 1.5 ETH per month [2] which is 36 ETH over 2 years. However if today I took that $2800 I could only buy 7.8 ETH at $360.
ethereum mining is profitable, but there are some other coins available for mining, like monero,that can be a good choice for you depending on your purposes. and with the electricity cost how long mining ethereum will be profitable we don’t know. but some are predicting about its better future. one of friend informed me that he is earning good,and he is hoping for more.
It is worth mentioning that this is a side project. I will keep working on 1stminingrig as I did before – I’ve got new articles on the way, I will keep being involved in the community as much as I humanly can.
Start out small. I don’t recommend starting out by buying hundreds of graphics cards and miners, especially if you have no previous experience with mining. If you start out small you can easily upgrade in the future by either adding rigs to your farm, or by adding graphics cards to your rigs.
Then install the Watchdog driver and program, which you can find on the official website – click here for the driver and here for the program. Enable Autostart for the program, and adjust the monitoring settings – enable network monitoring and type ‘google.com,’ then enable process monitoring as well, typing in ‘cmd.exe.’
The recent drop in Ethereum’s monetary value combined with the vastly increased mining difficulty has severely decreased the profit margin. It’s certainly past the point where anyone buying a new, dedicated mining rig will see a good return on investment (ROI). Even if you spent a relatively meager $1200 on a new setup, you’d need to net at least $100 month for a year to just break even. Ethereum’s volatile nature and pending shift to a proof-of-stake model makes it unpredictable. Only the most desperate or foolhardy would buy new mining equipment at this point expecting to make a profit. So let’s look for another attack vector.
I wanted to experience litecoin mining. I bought the contract to sample the kinds of returns. Its been a great experience so far…hassle free and simple buying process, immediate payouts are some of the great features of litecoin contract. I will update more in due course
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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