“ether mining proof of stake”

“ether mining proof of stake”

The first thing you need to do is install an operating system on your computer. For the more technically minded there is linux Ubuntu but for the majority Windows is probably best as it automates installing drivers for your computer to talk correctly amongst all the components. The advantage of Ubuntu is it gives you more options and its free!
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.
3) Hard Drive – You need a hard drive to store your operating system and your software for mining. A standard SSD drive will do (an SSD hard drive is just a storage device and is called solid state as there aren’t moving bits which can break). The size will depend on what you are planning to do when mining. If you are planning to download the entire blockchain and mine as shown in this guide here – then you will need to take into account how big the blockchain will become and need to spend a little more. If you are just going to mine ethereum as part of a pool then you don’t need to store the blockchain and can get a smaller SSD drive. We used the SSDNow V300 120GB. Buy it here.
Cloud Mining is profitable. I do invest into cloud mining for about 1 1/2 years now. Mainly i use Hashflare as my mining income, be sure to check them out. They generate me about $80/day and i’ve only invested $4,500. You won’t have to put in that much tho. Hashflare is giving you a one year contract with any investment you make, that means any money you invest will bring you profits for 1 year. Any money will do fine, here is some example math:
Block   A block is a unit of the code the comprises the bockchain. It is the record of transactions that have occurred since the last block was created and a confirmation to previous transactions. Each block links to the block before it, thus creating a full chain back to the original or “genesis” block.
Genesis mining is the best cloud mining company in the world. They have great customer service team, many payment options including credit card and contracts approvals are immediate after receiving payments. I really recommend Genesis mining for any person who is welling to enter mining sector.
You will receive daily or weekly payouts to your Ethereum wallet address (it depends on the plan, but usually payouts are done daily). You need to pay in advance for hashing power and contracts often come in the form of a 1-year contract or unlimited (until mining with rented hardware is profitable). The only thing to keep eyes on is the current Ethereum value, so that you stay in profit and that you do not pay more for hashing power than you get out of Ethereum production.
Which model to pick, though? While literally any RX 570/580 card will do, the most important thing to look for is memory speed if you want the best performance. Cards with a higher memory clock speed will generally perform a bit better while mining ETH (and can generally be overclocked more). Memory capacity isn’t really important beyond 4GB, so all other things being equal, there is no reason to shell out extra cash for the 8GB version of a card. It’s true that every GPU needs to be able to hold Ethereum’s DAG file in memory, and that file is slowly increasing in size—but it won’t surpass 4GB until late 2019 (and ETH’s switch to PoS will likely occur before then, anyway).
Check here for full review, mining hashrate performance, power consumption and monthly earnings with 6x 1050 ti mining rig: http://1stminingrig.com/nvidia-geforce-gtx-1050-1050ti-mining-performance-review/
I think you also brought up in an earlier convo the point that the current stock has essentially sold out worldwide, so difficulty can’t keep increasing at the current rate. If there’s no new hashing power in the world that people can purchase and put online to hash ETH, then difficulty can’t keep increasing at the current rate. This difficulty “plateau” would be necessary for the 6-8 month, or even a 12 month ROI – and I certainly hope it is the case. Of course if nvidia’s volta comes in May or AMD comes out with midrange vegas or increases the supply of polarises then people will likely soak up all the GPU’s and difficulty will increase until it’s game over and it’s not even profitable vs. electricity.
AS THE bitcoin price continues to fall, sceptics have started to wonder what will happen to the industry underpinning this digital “crypto-currency”. Around the world, hundreds of thousands of specialised computers have been built to create (or “mine”) bitcoins and, in the process, validate transactions and protect the system. How does bitcoin mining work?
We decided to examin Bitcoin mining trends in 2016. According to hashrate distribution data released by Blockchain.info over the past 4 days starting March 29, 2016, the table below shows some popular bitcoin mining pools and their market share.
Interesting blog. I was about to post a similair post. The decision to buy a coin should be based on real analysis of the coin. I found that people keep buying coins without have any knowledge of them. This is considered high risk. I was wondering if anyone of you uses: https://www.coincheckup.com. Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/Zcash#analysis To check Zcash Research report.
Yep your correct. If you really want a brain dead way of approaching this just use wolfram alpha and substitute hash with meters. wolframalpha.com/input/?i=1+Tm%2Fs+to+Gm%2Fs – boyfarrell Feb 1 ’14 at 6:17
A Radeon RX 470 has a modest hash rate of 24.0MH/s. Its power cost per day is exactly the same as the Radeon RX 480 at $0.4320. Its cost per MH/s is $9.13, giving it a return per day of $1.15 and a return per year of $418.16. Radeon RX 470 will cost you $219.
You can still reinvest all of that maintenance on the subject of hashflare. That will create you more maintenance and extend the mining accord for choice year for the specific invesment. If you invest for example $15,000 for 100TH/s (100,000 GH/s) in addition to you could earn more later $4241,72 per week after the Week 10 and the initial investment according to the currect bitcoin price that got calculated by preev.
The miners make random earnings of Ether Cash, and the mining profitability depends on one’s luck along with the amount of hashing power that the mining device generates. Ethereum uses a definite proof-of-work process known as Ethash which is essentially memory-based, so as to make it ASIC-resistant.
*While my guides deal with setting up and optimizing AMD’s GPUs, nVidia’s 1060 / 1070 video cards are also excellent for mining. Generally these days I tend to recommend whichever is cheaper (and right now, that’s AMD). But if you find a deal on some nVidia 1070 GPUs, don’t hesitate to grab them—they perform just as well as AMD’s offerings, and are arguably easier to set up (just remember to install nVidia drivers instead of AMD’s if you follow the rest of my guide!).
Do you mine Ethereum for fun? Then the numbers might not mean a lot to you. Though chances are you want to rake in some money from your venture, so the numbers matter to you. There are many ETH mining calculators you can use online and they give valid results.
Update, 2/5/2018: We have a new article posted detailing CyptoNote (Monero) mining performance with AMD’s Threadripper processor with a CPU-optimized algorithm, alongside a handful of other X86 processors and a powerful GeForce GTX 1080 Ti GPU.
If you’re an optimist you might say “well, maybe people just don’t know, just like they don’t know what crazy returns ETH is giving on the USD market”. Or they could say “maybe Genesis doesn’t want to gamble that ETH will stay high – this way if ETH goes back to $2 they will still have made a bundle selling hardware?”
You’re confusing. Considering risers in bullet no.3. you first say that SATA to 4-pin molex is unsafe because of SATA, and then you say that SATA to 6-pin PCIe molex is safe. WTH ? The current goes though the same “unsafe” SATA cable.
The reason Ethereum Cloud miners can get better deals is two fold. Firstly they buy in bulk, so they get a discount on all their graphics cards. Secondly they can put their mining machines in low cost locations such as Iceland. This severely reduces the operating costs of running an ethereum mining contract which means they can pass on these savings to you. In fact Genesis mining run their contracts off green energy – so you can say your being green whilst being in the avant-garde of a financial and technological revolution. 
Very much appreciate what you’ve done so well here, THANK YOU! Very clear … the only thing I wonder on the open-ended contracts is how long does the initial investment carry you? Obviousily on the 2-year leases it’s a fixed time, making it easy to calculate. Any idea? Appreciate it – Thanks Again.
Before we get on to comparing the best available Ethereum Mining hardware and the best GPUs in the market, let us take a closer look at what GPUs are and what do you need to keep in mind before you buy a GPU to mine Ethereum with.
Eobot supports mining for Ethereum and advertises itself as the easiest, cheapest, and best way to mine it. You can mine and hash cryptocurrency with cloud mining, or you can use any CPU or GPU for any coin, SHA-256 or scrypt with immediate mining results. The good thing about Eobot is that sometimes you can pay with PayPal, but you will have to wait longer for your coins to arrive if you pay this way.
The Customer is not obligated by law to provide the Service Provider and/or the Card Service Provider with any personal information. The Customer hereby acknowledges and agrees that he is providing the Service Provider and/or the Card Service Provider with personal information at his/her own free will, for purposes of rendering the Services and/or Card Services.
The Customer will receive Coins mined in accordance with the above Mining Power and in accordance with applicable Maintenance Fee (as per section 2b). If (i) the expected transaction fee (needed to ensure that the network will process the transaction) divided by the value of the payout is greater than 5% or (ii) the payout is below an equivalent value of USD 1.00 the Service Provider has the option to accumulate the payouts in the Customer’s account, until the payout value is sufficiently high to meet the requirements (i) and (ii).

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