“ethereum mining amd vs nvidia”

“ethereum mining amd vs nvidia”

Proof of Work is where you have to run powerful computers that have high hash rates. Hash rates are the number of “hashes,” or numbers a computer can come up with every second, needed to solve a block. Both of these types of mining have a difficulty factor to them where the more miners there are on the network, the lower the chance you have of mining a block. In other words, the lower your reward is. Here is a good website which has lots of information on the major cryptocurrencies, including their difficulties, block times, and block reward. If you want to check when the last block was mined, and who mined it, you can use this website for Bitcoin, and this one for Ethereum.
My friends and i mine Ethereum with our rig as well. My friend ran the calculations on a lot of different currencies and he agrees with you that ETH is the best one. I liked your post, gonna follow you now 🙂
The aim of bitcoin—as envisaged by Satoshi Nakamoto, its elusive creator—is to provide a way to exchange tokens of value online without having to rely on centralised intermediaries, such as banks. Instead the necessary record-keeping is decentralised into a “blockchain”, an ever-expanding ledger that holds the transaction history of all bitcoins in circulation, and lives on the thousands of machines on the bitcoin network. But if there is no central authority, who decides which transactions are valid and should be added to the blockchain? And how is it possible to ensure that the system cannot be gamed, for example by spending the same bitcoin twice? The answer is mining.
While this GPU is not as powerful in terms of hash-power when compared to the aforementioned Radeon R9 295X2 and Radeon R9 HD 7990 processors, it is still very popular because of the fact that it is the most economic options for mining Ethereum. It comes with a slower hash-power of 25 MH/s but saves a lot when it comes to electricity.
By far the most powerful Ethereum miner, the Radeon R9 295X2 has a hash rate of 46 MH/s, drawing 500 W from the wall. This means you’ll see a yearly return of $1,454.18 USD annually per card. That’s right, over $1,400 per card. Some might think the GTX 1080 is a more powerful alternative, but they’d be wrong. If you want to generate serious revenue by mining Ethereum, the R9 295 X2 is your card of choice.
Like most Bitcoin fans out there, I talk about Bitcoin a lot. From the person sitting next to me on the plane to the waiter serving my table drinks, every chance I get I end up talking about Bitcoin. This isn’t something I intentionally force on people, it’s something that just naturally ends up fitting into so many different conversations and every time a Bitcoin conversation starts, I eventually am asked the same question…
Third, select the Graphics card you intend to use for mining. The calculator automatically enters the correct hashrate and power consumption. If your card isn’t listed or you’ve modified its performance, select the Custom option and enter the relevant figures manually. Note that GPU hashrates are entered in (Megahash per second aka MH/s; denoting millions of calculations per second).
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.
That said, it’s still very profitable which is why huge farms are being set up because it will continue to be very profitable till the end of time. I have cards to help those who want to mine that I need to get rid of so PM me if you wanna buy some
They offer the contracts for a period of one year and during that year you have no extra fees its a one off up front payment. You might wonder how they can do this – the simple reason is that they hedge their profit and loss so there is no risk of everything going wrong – they hedge the ether price. They also guarantee 100% uptime – this means that if your miner goes offline – they will substitute their own machines immediately – kind of like getting replacement car if yours breaks mining difficulty is on the rise, and the crypto-currency’s value seems to be on the decline thanks to so much mainstream attention. That’s probably good news for gamers and general PC enthusiasts, but we also wondered if it’s too late to get into crypto mining if you’re just trying to make a few extra bucks.
Prevent your system from going to sleep using power settings. You’d better do it after you have done all the rest, since it may return to default settings when you install GPU drivers. Accessing power settings is easy: Win -> Settings icon -> The first menu entry (System Settings).
I’m very happy with the mining service provided by Genesis Mining. When I signed up I paid via wire transfer and the payment was processed quickly such that mining started as soon as possible. The Web interface is clear an nice and payouts are done swiftly as well. All in all a very nice way to mine some crypto currencies!
What do you want to optimise for? Lowest upfront cost per unit hashrate? Lowest ongoing cost (upfront + electricity)? Best hashrate per unit electricity? Lowest heat (and electricity) per unit hashrate?
Note: Of course the increasing mining difficulty is not included in the calculation, so it will be a little bit less than 20 Ether after 2 years Ether Cloud-Mining, but it is still cheaper than buying (in the moment). Here you can see the mining difficulty chart of Ethereum and unfortunately it is raising strong, what could make buying Ether more profitable than cloud mining soon: https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart
While you will still be using your GPUs or ASICs, you have the choice to choose between mining in a pool, or by yourself, hence “solo” mining. Pool mining is where you join with a group of other miners and every miner contributes to mining blocks. The difference between this and solo mining is that your payouts are more consistent. Solo mining is hard, especially if you are running a small rig because you will most likely not find a block for a very long time unless you get very lucky. You can use the Coin Warz calculator to estimate how long it will take you to mine a block by yourself. Another benefit of pool mining is that it’s more consistent. You will get your payments consistently, unlike solo mining where it may take a very long time to get your payout. I recommend the Ethermine.org and Nanopool.org pools, each have a large list of crypto-pools to choose from. You can also check if your rig is online here, as well as how much crypto you have mined.
MinerEU is very happy to have Genesis Mining as our trustworthy partner. We have already recommended Genesis-Mining to thousands of our existing customers who are happy and satisfied with their excellent services and products.

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