“ethereum mining asic or gpu”

“ethereum mining asic or gpu”

If you are building a “mega rig” which has 6 GPU’s you might find it more cost effective to have two separate power supplies because at 750 Watts and $100 each rather than a 1500 W and $300 dollars!We got a Seasonic 1200 Watt which you can buy here.
4) RAM – or Random Access Memory – this is a basic component in any computer is basically a scratchpad for jotting down calculations and recalling information quickly in a computer. should do the job.
​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.
1x RAM (System Memory) –  4 GB RAM – You don’t need a lot of system memory to mine ethereum effectively. 4GB is about as small as a stick of RAM comes these days, so I recommend just picking up a cheap one as long as it is DDR 4 desktop memory.
Today’s greatest news is that we had our first mining rig for configuration – someone called us to help with the hashrate and power consumption. The rig has 6x RX 580 8GB Special Edition, 4x Hynix memory and 2x Samsung memory. The GPU from the back is a XFX 580 8GB!
Genesis-Mining also this big company specialized in mining from 2013, The company offers different types of packages and the possibility of miningdifferent cryptocurrencies… At the moment the contracts are sold out,due to the considerable number of contracts sold this year. Only available Mining Ethereum. Visit the Website HERE
As more miners join the network, the mining difficulty increases, and therefore you receive less Ethereum for the amount of energy spent to solve one problem. As data suggests, Ethereum block difficulty increased from 171 TH/s(1 Trillion hashes per second) to 1714 TH/s in 6 months in 2017.
Now the ethereum calculator gets the latest network hash rate from etherchain.org and the eth price from etherscan.io. The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It’s your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate).
One measure of AC efficiency is EER. It’s a measure of cooling capacity (in BTU per hour) by input power (W). A typical AC unit might have a EER of 10. If you convert the units, that’s 2.9 W of heat removed per watt of power consumption by the unit. So your cooling costs would result in an extra ~33% on your power bill, not an extra 100% (double).
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State of the Art Mining, excellent service provider ! Orders are treated in fast manner, 24 Hours after the payment to mine, you get your first coins in your Wallet ! Is that not a beautiful concept and easy to GO. Whatelse … Looking forward to adding more hashing power. Greg Chemin
I purchased this for 849 USD. Initially, the payment was 0.012 ETH per day and within 3 weeks it has slowly decreased to 0.009 ETH per day. And this will decrease more in future. Even considering the rise in ethereum price over time, This would take you more than an year to get your seed money… No profit at all…. Better invest in ethereum and hold for 1 year. It would go twice or thrice than investing here.
If you’re an optimist you might say “well, maybe people just don’t know, just like they don’t know what crazy returns ETH is giving on the USD market”. Or they could say “maybe Genesis doesn’t want to gamble that ETH will stay high – this way if ETH goes back to $2 they will still have made a bundle selling hardware?”
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.
Taking several points across Etherescan’s historical chart of the difficulty factor, we were able to run an exponential regression. This gives us an exponential growth factor that describes the increasing growth of the difficulty of Ethereum mining:
I purchased 6 1070 FTW edition GPUs and they have two 8-pin power connectors each. Do I need to get more powers supplies to accommodate the extra 8-pin slot? Also, should I have connector branch from the power supply to both 8-pin slots or give each slot on the GPU its own connector to the power supply?
The other problem with the calculators is the variability on coin price. They all roughly trade together it seems, at least the major ones. A year ago the same calculator had around last November being the point where power costs > income. But since difficulty and coin prices changed along the way, I have ended up making money all along until now. More than I expected and more than my investment early last year for sure.
3) Mining Rig Case. No need to purchase a specific mining rig for 100’s of $$$. They are nice and well made but a waste of money. Buy a three tier Metal Storage Rack from Walmart for about $30. Good air flow, stable and easy to move. Put your motherboard and power supply’s on the middle shelf, 5 GPUs top shelf and 5 GPUs bottom shelf. Can easily attach everything and shelf is stable yet easy to move. For the GPUs they won’t sit upright themselves, however if you get a dowel from walmart (sold in the craft area) (1/4″???) you can hook each of the GPUs to the dowel using a small binder clip and they will sit perfectly straight and support each other from falling.
I think genesis mining is good professional service i am having a good experience with them. What i like the most is there support they are very quick to reply. No matter what the difficulty rates are these days for mining but it still a good experience when you think of long term .
LIMTED MINING OPPORTUNITY: We – CoinStaker – have partnered with a private large-scale Ethereum Mining Operator. If you are interested into joining, please contact us for more details. This offer is only valid for investors with least 1 BTC.

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