“ethereum mining difficulty change”

“ethereum mining difficulty change”

Stupid question: The calculations done by the GPUs, do they serve any purpose, or were they just created to be difficult to do. Could the mining crazes be tied to humanitarian causes like distributed computing projects (folding@home, etc.) so that this benefits society in some way, not just a waste of energy.
The latest news in the Bitcoin space is one that has been in the making for four years: the Winklevoss’ twins Bitcoin ETF will soon be accepted, or rejected, by the Securities and Exchange Commission (the SEC). This decision will leave ripples in Bitcoin’s history, and it’s the first step to legitimizing Bitcoin’s acceptance with the general public.
I’m really happy about it, sometimes payment are a little bit late but I understand. I use few bitcoins too and transactions are very long and for an short time transaction very expensive. U are doing a good job, just Continue ! Go Genesis
Compare the above to my 2 x R9 390X GPUs mining rig. Hashrate is ~ 62.8 MH/s. Again from the mining calculator, my expected earning is 1.210311 ETH (USD 14.16) per day or 8.4722 (USD 99.12) per week. Mining rig consumes ~ 700 watts. This is equal to 700 x 24 = 16,800 watt-hours per day, or 16.8 kWh. 16.8 kWh x USD .17 per kWh = USD 2.85 per day in electricity.
It would be very power inefficient since you’re multiplying the power requirement overhead to run the rest of the system. But I love experiments. Try running it and see how it does. Linux will report all OpenCL compatible devices ( can’t remember the exact command line for it right now ) so if you explicitly call Claymore and tell it to work with a given device, it should try.
I just invested small amount because I’m new in this business this is a try once I see the average profit per day I will do recalculations and see how much I can add to get a better profit because at the moment I don’t have an idea in term of daily profit average as I started yesterday to receive my first pro-rata profit for two plans.
Ether is an absolute essential, as it serves as fuel for the smooth running of the Ethereum platform. An interesting way to look at Ether is an incentive used to motivate developers to create top notch applications.
I have an old PC that doesn’t have PCIe slots but has 4 USB’s. I wonder what about if I use 4 PCI-E PCI Express X16 Extender and run the GPU’s from the USB ports. would it work? like this, I would need a smaller investment, just to start playing with it.
Thanks for the great guide. As a 72 year old, trying to figure things out isn’t always easy. I tried to ask this question on Bitcoin forum for Claytons mining software, but can’t figure out how to post the question in the right place. I have set everything up as you said and am mining Ether at 1600Mh/s, but I am apparently mining Decred as well at 1550Mh/s because the batch file from the Clayton miner has in the batch. Here is the batch file: setx GPU_FORCE_64BIT_PTR 0 setx GPU_MAX_HEAP_SIZE 100 setx GPU_USE_SYNC_OBJECTS 1 setx GPU_MAX_ALLOC_PERCENT 100 setx GPU_SINGLE_ALLOC_PERCENT 100… Read more »
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.
This list is now outdated since AMD released their new RX Vega line. They dominate the competition especially after tweaking. Check out newest review of the best GPUs for mining: https://cryptosrus.com/best-gpu-for-mining/
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.
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.
For the last couple of days we have been focusing on cleaning the room. We have been using a professional machine to dust the carpet – I really want to have as less dust as possible before we install and turn on the rigs. We’ve been repeating the process for 2-3 days in a row – you can see me on the photo doing it once again today.
As of writing this, with ETH priced at $1,316.79 – I would make a profit of $1.56 daily, $10.90 weekly, $46.72 monthly and $568.42 yearly. Let’s stick with the yearly data, power cost per year would be $65.70. Also, I would mine about 0.4864 ETH after one year.
Click on “next” and you will be redirected to the “configure security group” screen. It is important that you upgrade the security settings and choose “My IP” under the tag “Source”. By doing so, only you (i.e., your IP) will be able to launch the instance. Indeed, you do not want all the internet to be able to launch your instance!!
AMD cards are likely the best choice for the budget-conscious. However, the top-end Nvidia cards outperform them in terms of power efficiency. Carefully weigh your options, and keep in mind your budget and power costs.
I have bought the etherium and bit coin for the last two years. I am very excited and am very pleased to see the benefits. I have been informing others a lot and invested a lot of people. If I have a chance, I would like to invest and recommend more.
Again, I believe today was a day full of accomplishments. I know it looks that not too many things were done but believe me – installing the aluminum bars and making the calculation is quite a complicated and time consuming process. Those of you who do this kind of job on a daily basis will probably relate to that. Our team is composed of technicians and IT specialists, not builders, which is why this job was quite new for us. Nevertheless, I do believe we did pretty well.
Seems that crypto currencies are a hot thing on this blog during this Summer, though it was just recent, not even a month ago, when I decided to diversify my investment portfolio and allocate up to 5% space in it…
I had bitcoin mining running for like 6 weeks and decided to get some Litecoin mining as well. Got myself 80 MH/s which seems to deliver like 0.4 LTC daily. Not bad at all! Support @ Genesis is great; they answer quickly and the answers are satisfying. Keep up the good work!
As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now. We are assuming four GPUs that mine 40 MH/s each. The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1,000 Watts of electricity. The cost of this rig would be approximately $3,000.
Repeat step 4 in a new command terminal (change directory command). To open a new command terminal, right-click on the previously active terminal icon found in the taskbar and then click on the terminal from the menu.
Awesome beginners build guide for an energy efficient mining rig! I have read through it several times and finally purchased the parts you recommended. However, I am not sure what power brick/adapter I need to get to maximize the potential of the picoPSU you recommended: https://www.amazon.com/Mini-Box-picoPSU-160-XT-Power-Mini-ITX-Supply/dp/B005TWE6B8/ref=as_at?creativeASIN=B005TWE6B8&linkCode=w50&tag=mak041-20&imprToken=jre1Yx45yo8HG1jqJ7Y0zw&slotNum=0
It offers a hash-rate of 36 MH/s. The R9 HD 7990 consumes a power of 300W at max load which is one of its benefits when compared to the R9 295X2. The power cost per day of this GPU is $1.03, cost per MH/s is $18.9. The Radeon R9 HD 7990 comes out into the markets with a 6GB GDDR5 RAM.
As much as I despise miners and the very idea of cryptocurrency, I found this article interesting and a little enlightening why people are getting into it late in the game. Even if ETH crashes and burns tomorrow, eventually there will be another to take its place. I don’t see this cycle changing anytime soon either unless governments get involved and start banning mining in their nations.
I disagree… had the same scenario..the cost of an Ether mining contract with Genesis I could have bought 5.2 ETH …mined less than 2. Bought ZEC mining with Genesis…. never going to make half the amount I 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.
Bought the Gemini package. Happy with the daily payouts at 5 MH/s Day1 .0038211 , Day2 .0037431, Day3 .00116143, Day4 .00116143, Day5 .00118242, Day6 .00039933 Dash coin. I upgraded on the 7th day and will continue to upgrade little by little to increase daily payouts.

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