“ethereum mining rig plug and play best”

“ethereum mining rig plug and play best”

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.
It is probably the most affordable regarding electricity savings and initial investment. It features a significantly lower daily power costs at $0.04320 than the devices mentioned above. With a hash rate of 25.0 MH/s, the Radeon RX 480 has is $7.96 per MH/s, providing a daily return of $1.21. Therefore, this appliance offers a yearly return of $440.91. In terms of the initial charge, the Radeon RX 480 will cost you about $199.
Whichever card you decide on, be prepared to spend a lot of shopping time at the various retailers and resellers. Only then can you hope to find that coin at a “fair” price. Mining has really inflated GPU prices across the board, which is a good indicator that GPU mining is still profitable—if you play your cards right.
had a quick question on setting up geth – I’ve gotten to step 7 and while syncing it keeps generating the same few lines of text (“imported new block receipts, imported new block headers”, etc.) should this be expected? how long does this usually take to complete?
There are several providers who offer cloud-based mining. Hashgains offer you a one year contract and from then there no maintenance fee for you to bother about. In the cloud, you have guaranteed uptime of nearly 100 percent. Even if one miner goes offline for some reason, your provider will automate them on the other active machines.
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i am checking out both amd rx580 and Nvidia GTX1060, however, there are diff specs within this model with diff brands, like Gigabyte/msi or 3gb ram, 6gb ram, so while you are mentioning these models, which specs you are talking about ? as the prices differ drastically !
I recommend mining the most profitable coin for you. So, if you’re using AMD GPUs then Monero and Ethereum are the most profitable option for you. If you’re using NVidia, ZCash and Ethereum are the most profitable. It’s your choice to choose which of these two coins to mine, and I recommend mining whichever one you think has the brightest future, as what you mine today may be worth $10 now, but $100 in a few months. You can always trade your mined currency for a different coin if you believe that is a better option. You can use services like Shapeshift.io for the quickest cryptocurrency swaps, or you can trade on sites such as Bittrex so you don’t have to pay as high of a fee.
Ethereum’s Ethash algorithm is just one of several algorithms intended for optimal mining on GPUs and is used to secure the network and empowers end users to have full control of their money. This algorithm was designed to prevent the development of dedicated ASICs to mine it. SHA-256 and Scrypt are extremely compute-hungry, consequently rendering ASICs more efficient than our graphics cards (even more so than CPUs). On the other hand, Ethash is rather dependent on memory performance (timing, frequency, and bandwidth). Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic (ETC), Zcash (ZEC), Monero (XMR), and Vertcoin (VTC)), which gives GPU miners enviable flexibility, in order to be able to switch between over 40 coins that are based on their current profitability.
The AMD Radeon RX 580 is one of the very best GPUs for mining, and in fact is a bit of a victim of its own success, as it can sometimes be difficult to find. However, its popularity is warranted, as it offers an excellent hash rate of 29 mh/s, while also keeping the electricity consumption low as well. It’s also cheaper than the GTX 1070, and if you don’t mind tweaking a few settings, you’ll be very pleased with this card’s mining performance.
Here’s the only real drawback to this card: It’s an all-round excellent performer, so that mining demand has driven its price from the regular $400 range to over $700! If you’re able to find it at a lower price, don’t hesitate to snap it up.
In a blockchain, transactions are added in a block, then the block is closed and added in the chain. After that a new block is open. In order to maintain the consistency over the network, only one miner can close a block in a specified moment. That miner is the one which solves first the hash problem and finds the winning solution. Then it closes the block and signs all transactions, getting the block reward along with all transaction fees.
Once you join ethereum, the minimum threshold that you can request for payment is 0.2 ether. However, they allow you to either raise or lower your minimum threshold in your settings. The good thing about Nanopool is that their interface is user-friendly and hence even if you are a newbie, you can be able to use.
If you want a low cost of entry into the world of mining, then the AMD RX 480 is an excellent choice. This is because it is a bit older than the AMD Radeon RX 580, so prices are lower – when you can find one in stock. Yep, this is another AMD card that can be difficult to track down thanks to its mining ability. However with 8GB of GDDR5 RAM, it achieves a decent hash rate of 28mh/s, and again doesn’t require too much power. There are also versions available with 4GB of GDDR5 RAM, if you’re looking for an even lower cost mining GPU.
Because of the 25mh hash rate that it has, this GPU is one of the most affordable choices for those who want to mine Ethereum. The power of the Radeon RX 400 series can never be underestimated and the Radeon RX 480 is not an exception.
For beginners, a rig is going to require some significant processing power. This power is best achieved with Graphics Processing Units (GPUs) that are typically applied for 3D graphics in video games. Though it is possible to mining with Central Processing Units (CPUs), which link up all the right software and hardware in a computer system, GPUs are optimized and specialized in running recurrent operations over and again.
MiningFit is a Norway based mining contract provider. They offer a range of contracts from 5 TH/s to 500 TH/s having chosen several optimal locations to house their equipment – where there is cheap electricity and low temperatures to reduce the need for cooling.
Vega 64 is great for mining coins based on Cryptonight.. When you were able to get the Vega 64s at MSRP they were beyond good. RX550 was also a steal of a deal. Right now the RX550 is much better than the RX580.
Traditionally, when buying a car, you go to the dealership. Once there, you have to negotiate a price. Then you have to go to the bank and have a guaranteed check or something of that sort drafted. After that you have to go back to the dealership with this guaranteed check.
After you calculate the amount of kWh you will be using every month, multiply the kWh per month by the amount you pay for electricity in your country, and then you will find out the cost. Take your monthly power cost away from the value of the amount of the currency you mine to find your monthly profits. Though most mining calculators include this calculation for you, it can be very useful to find the exact amount you will be spending on power.
One major surprise that has the potential to change the cryptocurrency scene forever is the recent announcement made by both AMD and NVIDIA, in which they indicated that they are looking to officially focus on the mining segment, and release mining-optimized cards. At a first glance, this may not seem as much of a news piece, but if you give it a bit of thought, the implications are huge: first and foremost, it indicates an official acknowledgement and support of cryptocurrencies and their importance, which, coming from two of the biggest companies in the tech industry, will stabilize the currencies and allow for wider adoption; secondly, by designing mining-specific hardware, AMD and NVIDIA are supporting mining enthusiasts and making mining more affordable, thus making it more accessible to the general public as well.
Among all the mining GPUs for Ethereum, the Radeon R9 295X2 boasts of having the highest hash rate. Its hash rate stands at 46 MH/s and is capable of drawing 500-watts of electricity from the wall. With this awesome GPU, you will be sure of pocketing in $586.43 as your annual return. The Radeon R9 295X2 is on sale now and will bring a daily profit ratio of 52%. With the $586.43 annual profit in the back of your mind, it is also very important to note that this GPU has a payback period that slightly exceeds two years. Its power cost per day is about $1.44 that will give about $1.61 as its return per day. Its cost per MH/s is $13.04. This is where the $586.43 annual return is obtained.
There is a fourth possibility; which is that I missed the AMD driver update which fixed the speed problems for RX cards. I will do some more research and update the article. Thanks for pointing out the error though.
You would need to flash your GPU BIOS using Windows. I have specifically not covered this in detail as it’s risky and I do not wish to take responsibility for flashed GPUs. However, there are plenty of sites out there that show you how to do it.
The other more recent launch in the fork of a dedicated Ethereum mining pools that you might want to check out is DonkeyPool. The pool apparently only supports getwork for the moment and it has found a few blocks already, though the number of miners and the hashrate is not that big yet. The pool will run without a mining fee until June 15th, 2016, then the fee will be 0.5%. The payouts are made once a day if a minimum 1 ETH balance is available.
While the ROI – Return on Investment can go past a year for the Ethereum mining GPUs that have been mentioned above, it can be reduced if you opt to use more than one GPU. You will not get much by using just one video card to mine, and so deciding to purchase more than one GPU will be the best thing to do. But before you fully venture into that, you should also make yourself aware of the profit your mining rig will bring as well as the amount of money that you will spend on the energy.
The Mist package contains the Ethereum wallet which you’ll need to receive any mining profits. Mist also includes an Ethereum browser with various functions, such as messaging and a social network and tutorials. As a tip, these tutorials and the social network are helpful learning resources. Don’t be scared to ask the Ethereals if you’re experience difficulty with any part of this process.

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