“ethereum mining rig reddit best”

“ethereum mining rig reddit best”

Even though this burgeoning cryptocurrency suffered certain wild volatility sometime in the past, it has been able to recover and progress well. As at now, enthusiasts and hobbyists are looking for means of downloading this blockchain based, open-source currency platform on high-end desktop PCs. By using an effective hardware for mining Ethereum, you can greatly reduce the amount of electricity that you use, which will, in the end, cut down your costs.
[…] Generally, the best GPU for mining Ethereum should be one which requires the lowest possible power usage, to produce high hash rate (performance per watts). One can use a gaming graphic card to mine Ethereum, if it is powerful enough, nonetheless, a powerful GPU does not mean a better GPU. When Ethereum mining is involved, profitability is very vital, most powerful GPUs consume a lot of electricity and give less profit. Related reading, see: (10 BEST ETHEREUM MINING POOLS TO JOIN (COMPARISON) […]
This makes it the perfect and best suited for hashing on this blockchain. However, in this contemporary digital world, the mining cost is far from free. Energy consumption and hardware costs represent the main financial commitment in ethereum mining. This article thus highlights some of the best ether mining rigs for the maximum hash rate throughout the mining session while maintaining your energy and heat consumption at a minimum.
As already mentioned the ethereum mining is done using graphic cards. As graphic cards can not work by themselfs, the ethereum mining hardware consists of a omputer which has as many graphic cards attached as possible. Those computers are called mining rigs and in gereral they have around 6 gpus powered by 1-2 power supply units.
Again, you will need the bare minimum, 4GB will do. I chose to go with 8GB just in case. Also, if you’re going to be doing solo mining, it’s a good idea to have as much as possible at the start as this will make syncing the block chain a lot faster. Of course, once that’s finished, you can remove the excess.
Step 1: The first thing you need to do is go to this link download Geth. Geth is the program that communicates with the Ethereum Network and acts as the a relay between your computer, its hardware and the rest of the ethereum network computers so if a block is mined by another computer your Geth program will pick it up and then pass on the new information onto your GPU or CPU for mining.
When you hear the term “cryptocurrency”, probably the first thing that comes to mind is Bitcoin, the most popular cryptocurrency out there. Bitcoin may be the most popular, but it certainly isn’t the only digital currency making waves at this time. There are well over 100 cryptocurrencies available at the moment, with numerous new ones being born almost on a daily basis; however, most of them are just poor copycats of Bitcoin, adding no real value to the market, so they fail to get traction and eventually die within days, weeks or months, at best. Cryptocurrencies that do survive, though, start gaining popularity, and are in for the long run. One of the best examples of such currency, and probably Bitcoin’s fiercest competitor, is Ether – a cryptocurrency that is trending right now and has seen a massive growth over the past few months, which made it one of the most interesting options for miners.
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.
If you believe in the Ethereum concept (despite the failure of the DAO and doubts regarding the viability of Ethereum’s approach), you can support and gain voice in the Ethereum network through mining.
6x USB Riser Cables –  USB Riser Cables – These are to connect the 6 graphics cards to the motherboard and allow spacing between cards for heat dissipation. These are necessary when building a rig with this many GPU’s.
Payouts on Nicehash are minimum 0.1BTC four times per day. It’s also important to note that nicehash is approximately 20% less overall hashrate, but the switching feature may allow you to be more profitable than if you were to simply mine Ethereum.
The major thing that caught my eye was it supports all type of ethereum miners. Not only this, To keep you updated with the accounts stats it has an IOS and Android smartphone app as well you can select telegram to get the updates.
Extra Fans. Especially if you have multiple rigs, then make sure you attach some additional fans to your case/ housing. Some people also use normal desk fans or in some cases high-power industrial fans. Check out my copper tube mining rig, to get some creative ideas about how to create a useful but attractive mining rig at the same time!
2.4 Type “cd /” into the newly opened command prompt which should look like this “C:\users\username>cd /” and then press enter. You should now see “C:\>”, You have just used the “cd” command or “change directory” command to make command prompt look at the C:/ drive – not your user file.
The 1080ti is a very solid card, But it only makes sense if you can buy it for around $400 each. Otherwise, the math says you’re better off buying something else. The coin is mostly irrelevant in that equation. ROI is simple business calculation in this regard.
First, you must calculate how much you’re hashing power will be. If you already have some GPUs that you’re planning to use, then you can use Google to find out its hash rate. Alternatively, you can use a site such as CryptoCompare to determine what the best value for money GPU is. However, I’ve not yet found a database with a full list so you may wish to start your own excel file and compare the hashrate you get per dollar spent. GPU prices can also vary significantly, country to country, so make sure you take this into consideration as well.
The great part about these is that they are quite power efficient, and with a bit of tinkering, you can go below their 150W TDP without losing in the performance chapter. The not-so-great part is that, due to their excellent price/performance ratio, the RX480 and RX580 have sold out in a blink of an eye, so finding a store that has these in stock (without artificially inflated prices) is anything but easy nowadays. Of course, there is Amazon, eBay and other similar sites, but the people selling them know exactly what they are giving away, so it’s not uncommon to find one of these cards (which used to retail around the $200 mark when they first came out) selling for double or even triple their original price.
If you’re a hardcore gamer or if you want to find the best card for mining ethereum, perhaps you’ll find that this particular card is worth the look. This card features DirectCU II technology, which transports heat away from the GPU, allowing it to outperform reference designs, giving you up to 30% cooler gaming performance. The patented wing-blade desin delivers maximum air flow, thus creating 105% greater static pressure over the heat sink while operating 3 times quieter than reference cards.
Profitability: When choosing a mining pool make sure you consider the profitability of such pool. It is vital to join the mining pool that has a good amount of hashing power in the Ethereum network. If it has a high hash rate, then it has the chance of generating more blocks.
TrueBitBlox is the best Ethereum Cloud Mining Company which are famous in all the world. With TrueBitBlox – Your mining rigs are already set up and running, as soon as you’ve set-up your account you can start to earn your first coins from our Etherium cloud mining service!
There are only very limited members in ETH pool and what was your payout in ETH in 2 months? Bigger pools like nano can be calculated very straight Forward but how about small pools like poolmining.org?
Motherboard – This is going to be the brains of the operation and you’re going to build your rig around this. This is essentially the base. The main features you want to look for are the number of GPU slots it has, which will determine how many cards you’ll be able to use, which determines your hashing power. So for example, 3 PCI Express slots means you’ll be able to fit 3 graphic cards.
I am new to mining and want to build a rig. I think I have enough money invest in a very nice setup. Can you please tell me if the Gigabyte GeForce GTX 1070 Windforce OC is the best GPU available on the market right now?
Mining works by connecting to the blockchain and verifying transactions by verifying new blocks in the blockchain. By doing this they are securing the network and preventing errors from happening such as double spending. The miners put these blocks through a process by applying a mathematical formula to it, turning the numbers into a shorter, random looking sequence of numbers. This number is the blockchain’s hash. Producing hashes from the data of a blockchain’s block is easy, however it is impossible to work out what the starting data was just by looking at the hash. Each hash is unique and changing even a single character in the hash changes it completely. Here is an excellent video which explains what your computers do when its mining that uses pen and paper as an example (This method is extremely inefficient so do not expect to make a profit off of it.)
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.
Ethereum mining is a rewarding but time and power consuming activity. If you have neither, then just purchase Ether, but if you do, after getting a secure Ethereum wallet to receive your payouts, mining hardware, and software to direct you to your selected pool, then you only have to consider these two things:
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This pool is a great optimized stratum pool engine that can be found online. It offers you maximum transparent and detailed statistic related to your mining account. You can also monitor every mining ring via email. As well you do not need to register on the website in order to mine ETH.
Hello, I have made a research on all forums I know (and in google too) to find all alive Ethereum Mining pools. I have made a table with all of them with real time updating. Find the best pool for you using ping and fee information. Less ping is better. Hope you find it useful( spent a couple of days to make it) visit https://investoon.com/
These cards are quite effective when it comes to power consumption and they are long considered the workhorse of GPU mining. The cards from the RX 400 and 500 series feature a really amazing cooling and can boast a performance that ideally matches the initial price, but the time has sadly arrived when the cards from these series must be put out to pasture – at least for Ethereum mining purposes. Yet, you can use an RX 580/570/480/470 only for mining altcoins, but unless you can find them at a good price, you should shun the rip-off prices that sellers often charge for these cards.
2.2 Click on the download and click install. Your firewall can cause issues but just click allow if it does so – the same is true of windows that doesn’t recognise or approve the software – tell windows its ok when asked. Click through the installation process until Ethminer is installed.
It is estimated that this pool generates approximately 7.6% of the hash rates on the ethereum network. They calculate their charges for rewards based on the block finding fee, transaction fee and the bonuses and incentives. Most importantly, the pools have its servers across the US, Asia, and Europe. The good thing about such servers is that they offer you a redundant environment for mining.
At the time of writing this article, the mining rig would cost around $2,250USD and would be capable of producing around 0.5 Ethereum per month. This is about $250 per month before variable costs. That means within 9 months you’ll have paid off your initial investment. This is of course assuming the price of Ethereum stays the same.
He uses a vending machine as a real life example. You input the code B6 into the vending machine. The vending machine takes this code, and then executes the code. The candy bar labled B6 is then dispensed.

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