“ether mining rig 2017 best”

“ether mining rig 2017 best”

BTC can be easily sold for cash so, indirectly, mining ETH can be a good way to fill up your bank account or earn cash. ETH can also be sold directly on several major exchanges, such Bitfinex, BTC-e, Kraken, Gemini and Coinbase.
Be wary of the networks increasing difficulty. Even though you may make $10 one day, the next day you may make $9, so you should always be open minded about mining different coins when the time comes.
There are limited options for Ether cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to ether.
When it comes to choosing your Ethereum mining operating software, there are three main contenders: Windows, Linux, and ethOS. If you’re a Mac fanboy, it is possible, but it’s advised for numerous reasons.
Why would it render them them unprofitable?? It’s not like you GTX 10XX card will stop working the day those come out. They GTX 20XX might be more (or less) profitable. There is too much unknown right now. If the GXT 2060 costs three times the price of the GTX 1060 and only hashes 50% more then the GTX 1060 will still be more profitable. Of course, if the price of Ether quadruples then almost any card could become relatively profitable. This is a game of four numbers: hashrate, card price, card power consumption, and coin price. Bottom line: The rig you build today doesn’t magically stop working when new hardware comes out.
Well miners are not looking at mining only etherium but other alt coins also. So 1070 or 1080ti is better as the difficulties of hashing increases.1080ti still be solid card and it will be still be able to mine decent profit levels and its much better also at other algorithms.
Ethpool and Ethermine operate with two separate websites, but contribute to the same mining pool; it is probably a merger. This pool accounts for about 25% of all the hash rate power on the Ethereum network. It can be regarded as the biggest mining pool for this cryptocurrency, and they charge an amazingly low fee of only 1% of the miners’ reward.
If only it was that easy. No one knows whether any cryptocurrency will increase in value — or even be around in a year’s time (though we think the ones outlined in this article will check both of those boxes). None of them are regulated (yet) and only individuals with the highest capacity for risk should get into the cryptocurrency market. That noted, there are significant differences among these three that could be used to form a rational basis for investing in or mining one over another.
How far will the cryptocurrency madness go? While the number of different coin varieties is always increasing, only a handful have attained enough market capitalization to be truly viable. Ethereum, a blockchain-based distributed computing platform, and its associated token, ether, is one of the most popular.
We examined the Bitcoin hardware movement, which led to the development of customized silicon ASICs without the support of any major company. The users self-organized and self-financed the hardware and software development, bore the risks and fiduciary issues, evaluated business plans, and braved the task of developing expensive chips on extremely low budgets. This is unheard of in modern times, where last-generation chip efforts are said to cost $100 million or more
I’m having the same problem as Majorano. I double checked everything up until this point and I am 95% sure it is all correct. Here is what command prompt is giving me (my .bat file is called Armageddon):
It amazes me how many people build these rigs with 1080 or 1080ti cards! The payback on those might actually never even happen! The 1060 is the best card to buy right now. Of course that could change tomorrow, as the RX580 was THE card until the prices skyrocketed.
While there are many Bitcoin mining hardware manufacturers, some of these should be seen as systems integrators – using the ASIC chips manufactured by other parties, and combining them with other electronic components on a board to form the Bitcoin mining hardware.
2) After generating the Account, add a wallet and write down or copy to a text file the unique address. This address will start with the characters “0x”. It’s necessary for receiving ETH mining rewards!
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An uncle is a stale block, usually beat to the blockchain by another block. The Ethereum network compensates miners for these though they receive a lesser reward. As you mine a block, you’ll receive a reward for no more than two uncle blocks included. The pay you receive is for uncles up to six blocks back.
Mining pools are simply groups of miners that work together to mine Ethereum. Joining a pool helps to lower the volatility of your payouts by providing smaller, more frequent payments rather than a lump sum that you only receive when a block is solved.
In order to mine you need to perform as many operations as possible in an interval of time. For ehtereum the best computing power is delivered by graphic cards with powerfull GPUs. Other coins, like bitcoins can be mined with specialized hardware calles ASIC which are a many order of magnitudes faster than the gpus.
What all cryptocurrencies have in common is their primary operating principle: they all rely on a decentralized network to store transaction information, which basically makes all transactions publicly accessible and incorruptible. This network is usually known as a blockchain, and consists of blocks that each contains information about multiple transactions. When a transaction is initiated, it needs to be included in a block and verified for authenticity; the verification part is done through complex computations performed by – you guess it – miners.
At the time of this writing, Ethereum (ETH) ranks second only to Bitcoin (BTC) in terms of market capitalization, with a total cap of almost $83 billion. In comparison, Bitcoin’s market cap exceeds $140 billion (after hitting a peak of more than $325 billion several weeks ago), and Litecoin (LTC), silver to Bitcoin’s gold, crests at only $6.8 billion.
This GPU will cost you about $680. Though is slightly lower (i.e., 36 MH/s), the Radeon R9 HD 7990 has lower costs in terms of energy per day than its R9 295X2 counterpart. It has a cost of $18.89 per MH/s and a daily return of $1.29 and an annual return of around $469.40. Designed for the AMD ZeroCore ultra-efficient power technology, this GPU automatically shuts down its ancillary at idle for an amazingly quiet and cool operation.
Pool fees are usually pegged as a percentage and you have to foot the payout costs, which will be deducted from your earnings. While mining from a pool is advantageous if you don’t have the heavy mining hardware, the rewards and the pay you get might not be equal to what you’d have received if you mined solo. Some pools may pay you, plus all rewards while in others you might not get paid for uncles.

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