“ether mining worth it”

“ether mining worth it”

Ich war mir sicher, dass Cloud Mining profitabler ist wegen des hohen Ethereum Preises. Wenn ich nämlich heute 10 Ether kaufen würde, würde es mich c.a. 2300 $ kosten. Den gleichen Betrag kann ich aber auch günstiger mit Cloud-Mining bekommen. Mit ungefähr 37 MH/s Ethereum Mining Power bekomme ich nach einen Jahr über 10.4 Ether und es kostet nur rund 1090 € auf Genesis Mining und es erzeugt sogar 2 Jahre lang Ether für dich. Nach 2 Jahren wirst du also ungefähr 20 Ether generieren für nur c.a. 1090 €, anstatt 10 Ether für 2300 $ wenn man heute direkt Ether kaufen würde.
Due to the massive demand for Ethereum mining rigs you’ll see cards sold out at most retailers (Nvidia has even put out a statement about it). If you’re willing to pay a premium you can find them at a higher cost but we recommend finding the cards for their retail price. The GeForce 1070 is easier to find from our research.
Does the mining process use much data bandwidth over an internet connection? If so, this would have to be added to the calculations in regions such as the outskirts of the Metro Detroit area where cable providers have no competition and have begun to implement data caps on cable internet.
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Oh trust me, my hope is that people panic sell these miner GPU’s for cheap when they realize theyre only worth $$ to other miners. Id love to pick up the nvidia variants around $50-60 when eth mining continues to go down lol. If I can pickup a large amount of GPU’s at that kind of price, should be able to dominate the alt mining game for some time.
I have ETH contract with Genesis for 2 years and one with same Hash rate with a competitor but 1 year contract. Genesis has consistently paid out more than the competitor. Happy with Genesis contract. When I bought from competitor, all Genesis was sold out. I have bought again now that it is available.
The answer is Difficulty. By automatically adjusting the computational difficulty of solving a block, the Ethereum blockchain is able to maintain ~15 second intervals. You’ll notice Difficulty closely tracks hashrate and it too has seen exponential growth this year:
Raising over $140 million USD, CoinWarz says that the DAO crowdfunding project “is a landmark in the history of the Ethereum protocol,” and they hope to aid miners in taking advantage of the newfound Ether mining profitability. Since the beginning of the crowdfund, the Ether price has risen by more than 60%, presenting a lucrative opportunity for miners.
Sapphire Radeon R9 295X2 is a clear winner in terms of hash tags, since it can deliver amazingly high hash rates to the tune of 46 MH/s. Apart from hashing power, Sapphire Radeon R9 295X2 is also regarded for a sound return on investment and a remarkable RAM of 8GB. However, owing to a huge gap between demand and supply, it is usually in short supply. This is also the reason for its inflated black market price that is almost twice its original price.
Whichever card you decide on, be prepared to spend a lot of shopping time at the various retailers and resellers. Only then can you hope to find that coin at a “fair” price. Mining has really inflated GPU prices across the board, which is a good indicator that GPU mining is still profitable—if you play your cards right.
This is my first DASH coin mining investment and the initial return on coin bits looks promising. I just hope I opened the right wallet to receive my automatic daily deposits. So far, I see I’m making Dash coins but the daily deposits haven’t started yet. But I’m only on day 3.
​New Mine Ltd was founded by Ibrahim Alkurd in 2016. The company specialises in the manufacturing and hosting of GPU rigs. Ibrahim created New Mine due to a lack of reliable companies within the space. He has been in the cryptocurrency space for 3 years and initially started in the market as a BTC broker. Since then he has extensive experience in ASIC and GPU mining as well as holdings in a range of altcoins. New Mine Ltd is currently in the process of creating a hedge fund for digital currencies.
The logic behind the “more revenue than cost of electricity” definition of profit is like if someone were to say “Give me a million dollars to join my club. The membership entitles you to give me a dollar every day and I’ll give you $2. So every day you get 100% profit! Oh also in 6-18 months from now the membership expires. Best club ever” Yeah sure you’ll make more revenue than cost per day but overall it was a giant loss. Of course those are greatly exaggerated numbers to establish my point.
Right now it is quite profitable, but it is better to see the historical comparison between prices and the difficulty. Also take in mind that the cards doesn’t last forever – not that they will brake down but eventually new cards with better hashrate per watt are appearing. So, I would say that we are looking at about taking back the price of hardware in the first year and then start taking profit which will gradually slow down. So if you invest X money in 2-3 years you will make back double the initial investment.
Genesis mining has had many problems since I got my contract at the end of last June. There are many missing mining days in my history. Many missing payout days. I have a balance that needs to be paid out well above the minimum threshold for payout. Their customer service rarely responds. They had some security issues that threw a wrench in the works that they still haven’t fully accounted for. Fortunately with the crazy run up in price in Dec I have made my investment back. But don’t believe the calculators. They do not account for the rise in difficulty levels. When I started I was getting .1 to .09/day now its down to .01/day.
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.
If you do not own a lot of hardware, we believe cloud mining is the best option to generate Ethereum as a digital currency. Cloud mining also allows users to form pools where their joint efforts are rewarded with greater income, compared to mining with individual hardware.
The RX 470 and 570s are hands down the best graphics cards when it comes to mining. This is due to its extremely low price and excellent hash rate performance. Like the RX 480s and 580s, these cards can also be very hard to find at reasonable prices. These cards are also excellent performers on the ETHash and EquiHash algorithms.
“Hackers target 400,000 computers with mining malware”- I disabled my windows defender on one rig as it was causing issues. Is anyone using 3rd party antivirus/spyware software or windows defender?
The Ethererum Mining plans will run for a maximum of 2 years. In case Ethereum (“ETH”) will switch to proof-of-stake before the end of the contract, we will use the hashing power to mine the most profitable coin at that time, for you.
Ethereum introduces a host of new features over the original cryptocurrency, Bitcoin. These features include smart contracts, faster transaction times, and the ability to host applications on the Ethereum network. Read more about Smart Contracts and all the additions Ethereum has over Bitcoin!
Consider this: A 50 percent depreciation rate (in one year) is a favorable rate pegged to a $600 GPU. If you sold your GPUs for $300 a piece, you would make $1,200 from your resale, bringing your overall revenue to $4,116.59. This means your profits are $1,116.59, which is about a 37 percent return.
While all the above contribute significantly to the success of the project, it is equally important to manage the daily operations efficiently. With our own in-house monitoring and alerting platform, we can efficiently manage a large amount of servers with minimal staff per shift. In case of any server failure, the system sends an alert and we can recover the server with minimal downtime. It also provides us with valuable insight and analytical data to further improve the efficiency of the cooling and power consumption.
For those unfamiliar with how mining works, this is basically the rate at which you will see rewards for the amount of energy your GPU puts into mining the coin. The same amount of energy (or time the GPU is running, in this case) put in a couple months ago would have given the miner far more return in terms of sheer ETH reward than today. But with a price hike, it’s possible that earnings are still high.
I have purchased a 60MH/s Litecoin contract. The first payout was worth about $3.60. At this rate I should get my investment back in about 220 days, which is good, considering that the contract runs 730 days. This means 510 days of pure profit. I think it is a pretty good deal (lets hope Litecoin goes up further!).
The 168 MH/s Ethereum Mining Rig is provided by MineShop. It holds 6 AMD graphic cards, the AMD RX 470. These mining rigs are specially developed and reconfigured for Ethereum mining, making them the most efficient and cheapest for mh and power usage per mh Ethereum miner on MineShop. You can also mine Ethereum through a cloud mining contract with Hashflare or Genesis Mining. 

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