“ethereum mining beginners guide”

“ethereum mining beginners guide”

Technological advances have helped build high end computing platforms baked by dedicated graphic processors called as Graphic Processing Units or GPUs. These processors help reduce CPU loads by looking after all graphics related tasks.
Bluemining.net Cloud Mining Allows Anyone to Join the Growing Ethereum Mining Industry. Bluemining.net is an organization of skilled professionals from different fields commonly believe in future of cryptocurrencies. Headed and founded in 2017 by Chief Executive Officer, Jordy Satoor de Rootas, leads a team of experienced cloud and crypto mining engineers, analyst, and developers, who are committed to transforming the use and delivery of cryptocurrencies from Europe to the globe.
As mining requires a lot of computing power, Ethereum mining pools are much beneficial in terms of acquiring a lot of ether. In mining pools, miners come together to pool their resources and then mine together.
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!
Something I’ve done when building out a GPU mining farm, is to do the OS/DRIVERS/MINING setup and then just clone the solid state drive using a 2 bay hard drive dock with offline clone feature built in.
M2 to PCI Adapters: $20. You need two adapters for one rig, $10 each. They are made in China and are somewhat problematic. Some batches can be okay while others, every second or third adapter is not working correctly.
Unfortunately it’s hard to troubleshoot without any error message. Do you ever get problems running graphically intensive applications like games? You could also try downloading a stress testing app for your GPU and seeing how it performs:
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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.
GPUs are up to 200 times faster and more effective when it comes to mining Ethereum than compared to mining via CPUs. GPUs with at least 3GB of RAM are recommended for mining. In the past this used to be 2GB but as the difficulty rises you would need more powerful machine. The best GPUs for mining Etheruem currently feature 8GB of Graphic RAM.
Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn’t account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided by Changelly.
Many people have started mining cryptocurrencies so more and more graphic cards are going out of stock. GPU manufacturers have struggled to meet demands from miners and this has driven up the prices of particularly efficient cards.
Habe mir ein 1 TH´s gekauft und sofort sind die Miner für mich angelaufen! Sehr übersichtliche Website und somit gute Benutzerfreundlichkeit!! Tägliche Auszahlung pünktlich ohne Probleme und die Miner kann man beliebig so oft man will verstellen auf den Coin der einen gerade gefällt!! 5 Sterne und zu empfehlen!!
If you’ve ever heard of cryptocurrencies, you’ve probably heard of mining. The sole reason most cryptocurrencies can function is due to mining. Without miners, the blockchain can’t be validated every time someone wants to make a transaction. If the blockchain doesn’t get validated, there is simply no way to know which transaction is legitimate and which is not.
Every ten minutes or so mining computers collect a few hundred pending bitcoin transactions (a “block”) and turn them into a mathematical puzzle. The first miner to find the solution announces it to others on the network. The other miners then check whether the sender of the funds has the right to spend the money, and whether the solution to the puzzle is correct. If enough of them grant their approval, the block is cryptographically added to the ledger and the miners move on to the next set of transactions (hence the term “blockchain”). The miner who found the solution gets 25 bitcoins as a reward, but only after another 99 blocks have been added to the ledger. All this gives miners an incentive to participate in the system and validate transactions. Forcing miners to solve puzzles in order to add to the ledger provides protection: to double-spend a bitcoin, digital bank-robbers would need to rewrite the blockchain, and to do that they would have to control more than half of the network’s puzzle-solving capacity. Such a “51% attack” would be prohibitively expensive: bitcoin miners now have 13,000 times more combined number-crunching power than the world’s 500 biggest supercomputers.
Ethereum Mining can be done in the comfort of your home. It requires script writing and some knowledge of the command prompt. It is quite easy and exciting once the process is broken down into manageable steps.
Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum. Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Input Groestl hash rate, not Myriad-Groestl. Default values are adapted for three 480 cards.
Looks awesome right?  A mining rig is made up the same components that go into normal desktop computer.  But there are a few differences.  In a normal desktop computer, you kind of have a good balance between CPU, RAM, GPU, and HD.  With gaming computers, you have higher clocked versions of CPU, loads of RAM, one or two GPUs and SDDs.
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.
“I found CoinMiner and asked for some consultancy services to help me build my mining farm. They advice they provided was invaluable and has meant that my mining operation has got off to a solid start. I now contract CoinMiner for maintenance of my rigs.”
Take into acount your powercost, but even for me in one of the most expensive countries for electricity, I still earn a nice profit. You will not get rich of it, but you have some fun on it as well (otherwise you will go out and spend the money in the bar or so). 
A Radeon RX 470 has a modest hash rate of 24.0MH/s. Its power cost per day is exactly the same as the Radeon RX 480 at $0.4320. Its cost per MH/s is $9.13, giving it a return per day of $1.15 and a return per year of $418.16. Radeon RX 470 will cost you $219.
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.
The idea and inspiration for this article come out since after about a month ago I started to invest both in cloud mining and building my very own GPU mining rig. I decided to compare – what’s more profitable – doing all by yourself or just throwing money into cloud mining contracts.
My aim is to deliver you a product that is as easy to use as an ASIC. This means that the rig is one standalone box that has to be connected to the wall and turned on. That’s all you have to do. Simply type in your wallet address and start enjoying the flow of cryptos into your wallet.
In fact, you’ll be lucky to break even. However, Genesis gets your money, makes an immediate fiat currency profit on the hardware and electricity costs that remain constant over two years. They can take that money and buy ETH with it, or whatever – even putting it in the bank or stock market works – and make quite the bundle. They even get to cream off a few percent on any ETH you earn further increasing their bank – all for free.
As more and more miners competed for the limited supply of blocks, individuals found that they were working for months without finding a block and receiving any reward for their mining efforts. This made mining something of a gamble. To address the variance in their income miners started organizing themselves into pools so that they could share rewards more evenly. See Pooled mining and Comparison of mining pools.

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