“Ethereum Mining Rig Laster”

“Ethereum Mining Rig Laster”

Sidenote: If mining isn’t your thing, and you are just interested in purchasing some cryptocurrency as part of your investment portfolio, I personally use and recommend Coinbase. I would also recommend keeping your coins safe using the Ledger Nano S hardware wallet. This hardware wallet supports all the major cryptos including Bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Stratis, Ripple, Bitcoin Cash, Ark, Expanse, ubiq, Pivx, Vertcoin and Viacoin. Did I miss any?
@adaseb Yep, they COUNT on folks like you! Disregard all technical feasibility and solid evidence on the ‘net that it’s bogus, but sooo wanting it to be true that you it hook, line, and sinker. Go for it! Buy the limit! We’d all like to hear about your experience with it, really.
The ethminer software uses the ethpool mining pool for mining, the pool fee is 2% and there is a flat fee of 0.01 Ether per payout charged with minimum payout of 1 Ether, also the pool is beta and there could be some issues. The geth software contains only CPU miner while ethminer supports CPU (up to about 2 times faster than geth CPU mining), OpenCL GPU mining for AMD (also works on Nvidia) and CUDA GPU mining. You can use OpenCL mining on Nvidia GPUs as well, could work on older GPUs that do not work with the CUDA miner. If you have integrated GPU it can also be detected as OpenCL capable and the miner may try to run on it, so you can try to use the –opencl-platform and –opencl-device command line parameters to avoid the problem.
I don’t think that Tom’s is going to advance mining much; our longtime enthusiast members mostly won’t get into it and it’s widely enough known already. A little extra knowledge for those of us on the sidelines and, who knows, maybe miners will concentrate on the most efficient cards and the price of the rest will go down. Not an issue for me, I’m running a fanless GT430, so what do I care about current prices?
As of this writing, the network is already over 450,000 blocks, so geth is going to take a long time to download those blocks. Your only indication that blocks are being added to the network is if it says “importing 256 blocks” (or something to that effect). If you run geth and don’t see that after a few minutes (or a few seconds?) you’re likely not connecting correctly.
Bestimmte Grafikkartenmodelle sind schlecht verfügbar und einige Hersteller präsentieren sogar spezielle Mining-Modelle – bestes Anzeichen dafür, dass eine neue Mining-Welle anrollt. Ethereum basiert wie Bitcoins auf einer Blockchain-Technologie. Ethereum ist aber keine reine Kryptowährung,… [mehr]
For the Blockchain of cryptocurrency, e.g. Bitcoin or Ethereum, the Block’s content will be the transfer of coins. Imagine the following Blocks for the coin transactions, we can always trace back the origin of a coin. For example, the coin sent by can be traced back in time through the Blockchain connectivity, where the totality of coins funding are received from and transactions. However, we have noticed the original funding seems to come from the thin air.
This is pretty much a given. However, I thought I would mention it as it’s always best to start off with a clean installation. If you’re using more than 4 GPUs, then I’d recommend using Windows 10, or you will need to do some tweaks. If you’re going to use Windows 7 or 8, then also install the 6xGPU Mod software. An important fact to remember with fresh installations is that you should disable your computer from ever going to sleep or hibernating.
I though that developing Ethereum ASIC would be unprofitable because of their plans to switch to PoS, but it seems like Bitmain has calculated otherwise. Maybe it will be usable to mine other coins with the same algorithm. But since it won’t be able to mine all GPU algorithms, GPU mining will still be around for a long time, so if this ASIC will take over ETH mining, current ETH miners will just switch to other coins.
@Brips somebody else tested my CUDA miner on a GTX980 and the result wasn’t spectacular, roughly the same speed as OpenCL. On my todo list now first is getting the CMake config right, so you guys can build it for Ubuntu, and after that adding additional kernel tuning parameters so you can achieve maximum thread occupancy depending on the card you use.
And another factor I read is that ethereum will switch to PoS “soon”. And once they do that switch, an asics device specifically for ethereum would be unusable. I don’t really understand the technical side of PoS and why that’s the case, but let’s just say this is true. How do we know when exactly ethereum will be switching to PoS? I have gotten the feeling that in the mining world, every announcement is always late. almost nobody meets their deadlines. I have read some forum posts of people saying they wanted to switch until the end of 2016, others say it may take another 3-4 years. Why so vague?
Mining originates from the gold analogy of the cryptocurrency sphere. In simple, cryptocurrency mining is a process of solving complex math problems. “Miners” are people that spend time and energy solving these math problems. They provide the solution to the issuers, who verify it and reward the miners with a block of Ether. Intuitively, an increase in mining difficulty means it becomes harder to solve complex problems, and therefore to fewer rewards. We’re at a current peak in Ethereum difficulty due to its very high demand and popularity.

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