“ethereum mining step by step best”

“ethereum mining step by step best”

First Choice Nvidia GTX 1070 –   The very efficient Nvidia GTX 1070  can produce a hash rate of 30Mh/s using only 100 watts of electricity and is the best GPU for mining in 2018. It is much more power efficient than most of the AMD cards available on the market. My favorite model of this GPU is the Gigabyte GeForce GTX 1070 Windforce OC (model # GV-N1070WF2OC-8GD). It has a twin fan design and seems to run cooler than some of the other 1070 models I’ve tested, so I put this card in all the rigs I build currently. If that specific model is unavailable, any of the twin fan overclocked Gigabyte or EVGA cards work great out of the box.  You can also check eBay or find other recommended mining GPU’s in my mining GPU comparison guide.
Easily the best motherboard for cryptocurrency mining, the Asus B250 Mining Expert supports a jaw-dropping 19 graphics cards – more than any other board on this list. Plus, thanks to a special mining mode, gone are the days where you had to mess around with the BIOS in order to maximise your ROI. On top of these quality of life improvements, the B250 Mining Expert features the same high quality we expect from Asus, the only real drawback is its scarcity – it’s usually out of stock. 
Hi Charles, Sounds like a cool setup, hope you’re having fun with it and making some good money. I think your auto-correct is changing Claymore to Clayton. Anyway, as of Claymore v8.0, you can choose between mining Ethereum alone, Ethereum & Decred, Ethereum & Siacoin, Ethereum & Lbry. Based on something said by an old-time Bitcoiner in a video (I’m no expert on altcoins), I’d say Decred is the best choice. I haven’t heard anything about the other options and don’t know what they do exactly, except for some vague notions about “decentralized storage.” I’m not an expert on Ethereum… Read more »
This is another excellent budget alternative to the Radeon R9 295X2. It is the second highest in terms of the hash rate among the GPUs for mining Ethereum, of course, coming after the Radeon R9 295X2. The Radeon HD 7990 comes with a hash rate of 36 MH per second, which draws 375 watts of electric power from the wall. Each of these GPUs is estimated to net in a return of $469.40 in one year. Its initial investment, however, is much lower than the R9 295X2. Available at Amazon, this GPU is one of the best cost-conscious alternatives for those who want to mine Ethereum. With 56% as its profit ratio per day, this Ethereum mining GPU has a payback period that slightly exceeds one year. It has a daily cost that is estimated at $1.08, which is evidently lower than the R9 295X2’s. That brings its daily return to $1.29, while the cost per MH/s is $18.89.
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.
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.
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.
The first thing you need to ask yourself is “What are my mining goals?” Seriously. This is important. Is it to make the most profit? Is it to mine the most coins in the shortest period of time? Is it to just have fun? Are you on a limited budget or have unlimited funds? The answer to that question will dramatically change the rig you decide to build.
Dwarfpool is an Ethereum mining pool that contributes less than 5% of the hash rate power. Although it has declined in its performance, it is still very reliable. It also charges just a percent of the miner’s reward, but the downside of using Dwarfpool is that the threshold payout is 1.01 ETH, which means more time before rewards are gotten. It is good for those who have very powerful Ethereum mining equipment.
I am in the peocess of ordering parts for a good 6 card mining rig. What is the best GPU card i can get now that uses the least amount of power? What is your email? Maybe you could send me an updated list for 2018? Or are all the parts still basically the same as your first list? Thank you so much for all this help!!! ?
Ethereum mining is a process that requires a lot of computer power and work. To mine, you are participating in a cryptocurrency network that is driven by a group of your peers. The miner (you) will be rewarded for solving complicated math problems. While you aren’t actually doing the math for these problems, your computer uses mining applications to solve them.
To calculate the size of the PSU you require you will need to add together the power requirements of all of your components. A site like PCPartPicker will do this for you perfectly. Add 20% on to the required as a safety factor. Also, make sure you’re using a high-quality, well recognized, and high-standard PSU, as if it blows, you could say goodbye to some very expensive equipment.
In terms of Ethereum mining performance, the R9 series has aged far more gracefully (even though it was introduced in 2015) than the more recent RX 400 / 500 series (which launched in 2016 and 2017, respectively).
This is the third biggest ethereum mining pool. It has more than 13% of the ethereum hash rates. Furthermore, it has more than 38,000 miners. Besides that, its pool rate charge per reward is also low – 1%.
Unfortunately, for someone looking at building just a few mining rigs, they may never find a block solo-mining. Therefore it is necessary to join a mining pool. A mining pool combines the hashrate of all the miners, and vastly increases the chances that the group is able to find a block. This therefore allows you to get a steady payout from the pool, even if you yourself never find a block.
Same as Ether, ZCash uses the Equihash algorithm, which can only be mined using CPU/GPU power, thus preventing the use of ASIC and FPGA devices to gain an unfair mining advantage, and thus keeping the market balanced. With this in mind, let’s have a look at the best GPUs for ZCash mining are.
Now you have enough idea about the Ethereum mining pool. So it is advisable to create an Ethereum wallet before joining any of the Ethereum mining pools. If you already have an Ethereum wallet address, then you are good to go.
These are stock hash rates and stock power consumption.  There are many tweaks that can be done such as overclocking, lower the voltage, using different firmware and beta drivers.  Every card is different so you’ll have to find the sweet spot.
After pulling in all three different inputs, you can now start changing the inputs to see how your calculator profits change. In the “Summary” tab, play around with the inputs to see how the yearly profit changes from different hardware and energy costs.
Now that you know how to use the profit calculators, you now need to know how to find the hash rates of your system. If your graphics card is not listed on the What To Mine website, this can be a tricky process. Luckily I have compiled a list of sites which have this information.
The thing is Ethereum is the cryptocurrency which is ASIC resistant; i.e you cannot mine it with any ASIC you will have to mine it with graphics cards. I have also inserted Amazon links as it may help you buy them.
Founded in 2014, WageCan is a Taiwan-based company that offers cryptocurrency-related services, including cards and wallets. HashCan is a Bitcoin cloud mining service provided by WageCan, allowing users to mine cryptocurrencies without having to set up host the mining hardware itself.
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When looking at what people had to say about the Sapphire Radeon NITRO+ Rx 480 8GB Graphics Card they had great things to say. Customers found that the card has good clock speed and excellent cooling. They like that the logo on the side has color change LED which you can customize. When people upgraded to this from previous models, they were impressed that the unit stayed right around 75 degrees at 1365 mhz and 2250 memory.

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