“ether mining rig profitability”

“ether mining rig profitability”

This indicator actually shows how many puzzles a GPU can solve within a second under perfect mining conditions with Claymore 9.6, but without any overclocking. The most ‘real’ hashrate is the rate calculated over a very long period, i.e. 24 hours.
your tl;dr is imho the key message. more importantly, when buying overpriced hardware, even the safety net of just selling it later is gone. if you pay 600$ for a gtx 1070, you won’t be able to sell it for 50% value (300usd) because people get new ones for 400 then. the resell price will drop to 150-200usd and people just lost 400usd on each gpu.
Troubleshooting tip:  Some miners have had success installing all GPU’s at once and then installing the drivers.  Others prefer to install only one card, install the drivers, shut down the system and then install the rest of the GPU’s and then just let them all be recognized by Windows (you’ll feel the system lagging, some flickers, or brief black screens while each card is detected by Windows).  
This is something that most first-time investors seem to neglect. Even when dual mining with just a cpu or gpu, you are in fact directly and indirectly depleting other component’s as well. The same is true for non-computer based mining as well; everything that is in use has to have an amortization period, and should be factored in as a potential future cost, in case of a breakdown or reduced efficiency coming about due to prolonged use.
The Radeon R9 295X2 is currently the most popular GPU when it comes to mining Ethereum. It offers a hash-rate of 46 MH/s and is the industry leader when it comes to hashing power. The R9 295X2 consumes a power of 500W. This GPU is in high demand and tends to get sold out as soon as it goes on stock. It comes with an 8GB GDDR5 RAM.
“After hearing about the cryptocurrency industry I wanted to get involved. Buying a plug & play rig from CoinMiner was the simplest and easiest way. Excellent decision as I’m making money from day 1!”
By the year 2020 if bitcoin mining continues to increase at its current rate it will be consuming more electricity than the country of Demark. This is not sustainable so get you Litecoin mining contracts now. Two-year contracts at a reasonable price with no maintenance costs. It’s like printing money.
First, head over to Etherscan’s Mining Calculator, which provides up-to-date figures for the current price, block time and network hashrate (as measured in Gigahash per second aka GH/s; denoting billions of calculations per second):
If you’re interested in mining Ethereum because you want to make a quick buck, you’re going to be disappointed. If that’s you, then I would say to stick with just buying some Ethereum or Bitcoin on Coinbase and holding onto it for several years. My mantra with mining is this: Don’t just do it for the money. If you want to start mining, it’s probably a good idea for you to care about it as a hobby as well. It might not ever make you big gains, but it’s fun and helps minimize risks
When you look the numbers, including power draw, the GeForce GTX 1070 cards appears to be the best performance-per-watt GPU currently on the market.  An honorable mention goes to  the AMD Radeon RX 480 and RX 580 coming in close to the profitability of the 1070 and at lower costs.
Mining can often be a quite strenuous process that is not error free. So if you are setting up your own miner, it can be useful to interact with some communities in order to get proper guidance. One of my favorite communities is Reddit, and although Reddit has a vast array of sub-communities, or subreddits, there are some for mining. Such as:
Eth mining is memory-bound, and needs high bandwidth, low latency VRAM. Integrated graphics using system memory as VRAM would likely perform very poorly. Also, you would need to allocate > 2GB of system RAM as VRAM, so the machines would probably need to have >4 GB of system memory.
So today we’ve applied even more paint and we kept on the smaller details to make the room look good (or acceptable, depending on tastes). The room is quite big and it takes quite a while to paint it.
Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU. The option was therefore removed from the core Bitcoin client’s user interface.
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 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.
If it’s not included in your driver software, you’ll need a utility that monitors overclocking and temperatures. (While overclocking is not intended for more advanced users, it may reduce the lifetime of your GPU, and certain minor alterations may yield significant hash-rate improvements.)
Depending on where you live, electricity can greatly affect the profitability of mining. In the case of a miner in D.C., you would just barely break even if you sold all of your GPUs for $150 a piece.
You might be not interested in getting a rig from me now, but I would appreciate a lot if you’d tell other people about this offer. Who knows, maybe there is someone you know who could benefit from those rigs.
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).
As mentioned make sure your power supply unit can handle the Graphics cards and that you have risers capable of placing extra GPU’s in a safe location. Make sure all the connections are in nicely and everything is held together firmly.
We’ve ended up using the aluminum bars we had left from building the office partition.  The frame is now standing there on its place and as you can see on the photos, we’ve already mounted a couple of rig frames on it.
A close second choice for a mining GPU if the Nvidia is hard to find or out of stock, would be the AMD Rx 580 and AMD Rx 570.  The Rx 580 does 29Mh/s and the Rx 570 does 27Mh/s. All mining rig build requirements are the same for either the 1070 or the Rx 580/570. The primary reason I like the GTX 1070 is the lower power usage (100w vs 135w per GPU) when mining. If you want to give your power supply a little extra headroom to run the Rx 580, I’d recommend upgrading to a 1200 watt power supply.
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These figures will change based on when you run this analysis, but for purposes of the example here we would net 109 ETH annually. If sold at the current price, $1537 will be earned from which we subtract the electricity cost of $493. This nets a respectable profit of $1045.
But now, with difficulty going through the roof with everyone mining every card they can get their hands on, and coin prices seemingly dropping 5-10% a day….I think the ship either has sailed or at least is pulling out of the dock. They could gamble and win if coin prices spike again, but I feel bad for people jumping in now since most will be lucky to break even.
Supply does rise to meet demand over time. However, Ethereum has experienced explosive growth with roughly a $35 billion dollar market cap currently, and this spike in Ethereum’s price has led to a fresh shortage of cards and correspondingly high prices.
To connect all of the GPUs to your rig you’ll need a motherboard with at least 6 PCIe slots. You’ll see most motherboard offer PCI x16 and PCIe x1 slots but the risers will connect into a PCIe x16 or x1 slot (this doesn’t affect the mining hashrates).
Notice, your contract starts the day you pay but mining doesn’t start for three months, so it is really a 1.75 year contract. I hope difficulty doesn’t go up too much before it starts, if it does I in trouble.

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