“ether mining setup best”

“ether mining setup best”

There are no dedicated ASICs available in the market till now for mining Ethereum. At the same time, since Ethereum intends to make a conscious switch from Proof-of-Work to Proof-of-Stake, purchasing an ASIC device may not be a smart choice at the moment. Under the POW network, miners essentially verify transactions on the Ether blockchain and are granted Ether as a reward. Under the POS system, this authentication method will be run by individuals who possess Ether in accord with the amount you own. It is unclear as to when the transition to the POS algorithm will take place. However, it seems like the inevitable culmination of the Ethereum platform. In case you have already bought a mining rig, you can mine other cryptocurrencies like Monero and Zcash with it.
Step 8: Now you need to download Ethminer which makes your GPU or CPU run the hashing algorithm that is integral to securing the Ethereum network through proof of You can download this here and be sure to scroll down to the bottom of the page to get the right version – the latest and most up to date one is right at the end.
The mining pools are simply groups of miners who work together to extract Ethereum. Joining a group helps reduce the volatility of rewards by providing smaller and more frequent payments instead of a lump sum you only receive when a block is resolved.
When mining, it is important to join a mining pool, as the chances of you being able to mine Ethereum on your own are quite slim. In a mining pool, there are other miners who come together to pool their computational power or resources. They pool their resources so that they can increase their chances of solving cryptographic puzzles to enable them to earn either as a form of reward. When choosing a mining pool, there are several factors to consider. As a miner you should consider the following:
To achieve this, ZCash founders had to develop an entirely new cryptography algorithm that would allow transactions to be verified despite the fact that their inputs or outputs could be encrypted. The algorithm, known as zk-SNARK, uses a zero-knowledge proof construction, which allows it to provide authenticity for encrypted transactions, and represented quite a breakthrough in the field. This is not much of a surprise, considering that the team behind ZCash consists of researchers from John Hopkins University and cryptographers from the Massachusetts Institute of Technology, Tel Aviv University and the Israel Institute of Technology.
There are currently about 2.5 million GPUs mining Ethereum. The rating for efficiency can be determined by dividing the hashrate by the power draw. This is a primary indicator, which shows how profitable your mining operations will be in the future (after the payback period), given that electricity is a fixed, ongoing cost. The more efficient your card (newer cards are usually more efficient), the more profitable it will be once you’ve received the ROI.
Litecoin offers its own advantages. Its creator is a known and active entity in the cryptocurrency community. It has a capacity for faster transactions — a potential advantage in and of itself, which also provides for a different set of use cases than bitcoin. And it still offers the potential for profitable mining, unlike bitcoin.
The 1080ti is a very solid card, But it only makes sense if you can buy it for around $400 each. Otherwise, the math says you’re better off buying something else. The coin is mostly irrelevant in that equation. ROI is simple business calculation in this regard.
For Windows, the Genoil miner has proven to be the most effective, and I’ll show you how to set this up. However, if you’re interested in other alt-coins, then you should also consider looking at Claymore miner.
AtoZForex – Previously, we have discussed the Russian President meeting the Ethereum founder which shows that possibilities for the cryptocurrencies and the blockchain are endless. In this post, we will look into how to invest in Ethereum by joining one of the top 5 Ethereum mining pools.
The Radeon R9 295X2 has by far the highest hash rate (46.0 MH/s) of the Ethereum GPUs on the market and will cost you $600. It has a power cost per day of about $1.44, a return per day of about $1.61 and a cost per MH/s of $13.04. This gives a return per year of $586.43.
​In barely one and a half years, the price of ether has skyrocketed to a level that is more than 300 times initial market price. Having seen the Bitcoin network and the price of Bitcoins make its way to the top, investors were eager not to miss out on the opportunity unfolded by ethereum, which led to its hyper growth.
2.3 You need to open up another command prompt as in step 4 – so your going to get two scary looking boxes. Simply click right click on your already open command prompt in the taskbar at the bottom of the page and click on command prompt in the menu that appears. A new command prompt should open with C:\users\username>. This is the wrong place to look for ethminer so you need to tell it the right place to find it.
Due to the popularity of smart contracts, Ether, the cryptocurrency used within the Etherum ecosystem, saw a tremendous increase in value recently, which quickly made it one of the most sought after digital currencies out there. And so the Ether gold rush craze began.
The Titan Xp can be overclocked to 42 MH/s, but it will consume 300 W when pushed that hard. It achieves an excellent hash rate without too much expenditure of power. Meanwhile, its top-end AMD rival, the RX Vega 64, achieves a very similar performance for about half the price.
The Ethereum Directed Acyclic Graph (DAG) file is stored in VRAM by miners. The DAG grows in size by remaining proportionate to the mining difficulty. About once every epoch (or 30,000 Ethereum blocks), a new DAG is generated, which must be downloaded in order to continue mining.
One major surprise that has the potential to change the cryptocurrency scene forever is the recent announcement made by both AMD and NVIDIA, in which they indicated that they are looking to officially focus on the mining segment, and release mining-optimized cards. At a first glance, this may not seem as much of a news piece, but if you give it a bit of thought, the implications are huge: first and foremost, it indicates an official acknowledgement and support of cryptocurrencies and their importance, which, coming from two of the biggest companies in the tech industry, will stabilize the currencies and allow for wider adoption; secondly, by designing mining-specific hardware, AMD and NVIDIA are supporting mining enthusiasts and making mining more affordable, thus making it more accessible to the general public as well.
Note that Bitcoin ASIC chips generally can only be used for Bitcoin mining. While there are rare exceptions – for example chips that mine both Bitcoin and Litecoin – this is often because the chip package effectively has two ASICs: one for Bitcoin and one for Litecoin.
Channeling your resources towards digital cloud mining, also known as GPU mining, what seems as free money simply begs the question, ‘what is the best rig?’ However, before I dive into mining hardware and power consumption, video cards, and the interesting process of highlighting the mining rig with the best PCs and art of Linux, let us have a look at some basics of ethereum.
If you’re into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins.  If you’re a windows guy, here is Windows 10.  If you’re going to be using Windows, you’ll need mining software.  Take a look at this Ethereum Mining on a Windows PC guide.
In terms of Ethereum mining performance, the R9 series has aged far more gracefully (even though it was introduced in 2015) than the more recent RX 400 / 500 series (which launched in 2016 and 2017, respectively).
The main part of the mining hardware is the graphics processing unit (GPU). Here is a link to a site that allows you to compare the different GPUs – http://www.mininghwcomparison.com/list/index.php?brand=both . Type “Ethereum” in the filter.
In the earlier days of Bitcoin mining there were also concerns about too much hashing power getting centralized in the hands of a single entity or a mining pool and it seems that we are seeing similar thing happening with Ethereum at the moment. Almost half of the mining hashrate for Ethereum seems to be currently controlled by Dwarfpool, so it is advised that users switch to other pools to balance out things. New users that are just starting to get into Ethereum mining should also consider any of the other pools for mining ETH instead of Dwarfpool. Dwarfpool is also trying to encourage users to distribute hashrate more evenly with the pool fee increase from 1% to 2% to new users if the hashrate goes over 50% of the total network, though that apparently is not doing that great job. Below you can find an up to date list of Ethereum mining pools other than Dwarfpool where you can mine ETH and get a more even hashrate distribution.
NanoPool  – I’ve used this mining pool on several moderate sized deployments of mining rigs and have never had an issue. They have a responsive Twitter account (@nanopool_org) and are very helpful if you’re encountering issues with their pool.
We’ve ranked Nvidia’s current crop of mining cards, according to their overall value for mining. Older Nvidia cards with 4 GBs (or less) of VRAM are excluded. Their performance was usually bad, and it will only worsen more as epochs advance. Then the DAG size increases.
To get started you will need to obtain a mining wallet to collect your digital currency, mining software, and of course your trusty PC equipped with a worthy “miner” or GPU, or better yet multiple GPUs. NiceHash is a simple software package that will get you up and running, but there are a myriad of mining app choices and wallet types out there to choose from, with lots of guides on the net to educate yourself. We’re going to be focusing on the hardware and mining performance side of things in this piece, however.
hey! first of all thank you for your immediate reply. Now the computer, after that it verifies the 4 things, it says “esecution of code impossible because “openCL.dll” was not found. Can you help me again?
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 as Bitfinex, BTC-e, Kraken, Gemini and Coinbase.
Started a few days ago with ethermine, it’s pretty good. I do get the correct hash rate and you can monitor it while away from the computer. In terms of mining app, I use claymore since it’s the only one that worked with my R9 390
Litecoin is closely based on bitcoin — they’re built on the same underlying code — but with a few distinctive tweaks. The central difference is that Litecoin is mined using the Scrypt algorithm, which is rooted in mathematical computations that are simpler than those used by bitcoin’s SHA-256 algorithm. As a result, in contrast to the specialized, super-expensive, energy-intensive mining rigs required to mine bitcoin, you can mine Litecoin with a decent laptop or desktop PC, especially if it’s tricked out with a powerful graphics card. 

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