“Ethereum Mining Tracker”

“Ethereum Mining Tracker”

I seem to remember earlier posts on Ethereum stating something to the effect that both CPU & GPU mining were going to be possible, with GPU maybe being slightly more efficient. To me that was awesome, that at least on some level i would be able to participate.
The next coin to embrace GPU mining is going to do quite well I think. Since Ethereum is ready to launch in the next months the stars have aligned in that it is launching at a time coincident with the rolling out of the first wave of Scrypt ASICs. If it becomes GPU minable it will have an instant support network of well oiled GPU transaction processors eager to switch to a more profitable network. Since Ethereum is also a revolution to the 1.0 cryptos this instant acceptance by large amounts of processors should only serve to assist it in its adoption and notoriety in a bitcoin-centric environment. It was this phenomenon that gave legs to the non-revolutionary Litecoin.
Performing trillions of hashes per second come with some downsides. Due to the intense hashing, these ASICs give off some serious heat and require proper cooling. In order to cool the chips effectively, that’s going to require fans and a lot of noise. Just take a listen.
Download latest .NET Framework 3.5 Offline Installer – it is required to run Polaris 1.6 and OverdriveNtool. Windows 10 Comes with 4.x Framework, but that one will not work with Polaris and OverdriveNtool. You need to install the .NET 3.5 manually. Insert the Windows 10 USB stick into the PC (the one you used to install Windows) and set the USB Disc Drive as the Source for installing the .NET 3.5. Here is the Guide how to do it, it’s very simple.
All transactions in Ethereum (and other cryptocurrencies) are encapsulated within discrete blocks. These blocks are comparable to the batches of transactions which banks send to each other, except in Ethereum they occur every 15 seconds (on average). Blocks are identified by their “height,” starting from 0 and incrementing sequentially until the current block.
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.
Many new users think that the sole purpose of mining is to generate ethers in a way that doesn’t require a central issuer (see our guide “What is Ether?”). This is true. Ethereum’s tokens are created through the process of mining at a rate of 5 ether per mined block. But mining also has another at least as important role.
The -F option tells ethminer where geth lives. I’ve been assuming that you’re installing geth and ethminer on the same Windows machine. If so, then “http://localhost:8545” is the address of geth’s service for sending work to ethminer. If you installed geth on a different machine, you’ll have to provide ethminer with geth’s IP address instead of localhost.
Note that buying used cards from crypto miners is not recommended, due to the wear and tear mining places on cards. If you resell your card after it’s no longer useful for mining, you should mention that it was used for mining, then price it accordingly.
Decide on which service you will like to use for your wallet, and sign up to it. I’ve created a Poloniex account, as I plan on doing some trading with the Ether I mine to try and further increase my profits. Make a note of your address. It should look something like this: 0x7b5eff562ee17b9e27a7af6afc26944266c8b025.
Regojo and Kuhne see this as a fundamental problem – not something that free market dynamics can realistically resolve. They suggest that the barrier of entry to the ASIC market to compete with existing manufacturers is fundamentally too high to allow for open competition.
Head over to MyEtherWallet.com (Note: Please beware of phishing websites. Do not enter your key on a website you arrived at by clicking a link. Always triple-check the domain. The real site is MyEtherWallet dot com)
Next, you’ll want to switch to the “develop branch” of cpp-ethereum. To do this, in that same terminal, ‘cd’ into the /cpp-ethereum directory (the one created by the previous git command), and then type:
The program might say that you have insufficient memory on your Graphics card to mine Ether, with Ethereum’s Ethash algorithm. If this is the case, you can still mine with your CPU, or go out and buy a new graphics card! If you get an error message like this, tap Ctrl+c, to cancel process. Then you can either retry it, or alternatively, move onto step 16, and mine with your CPU, rather than your GPU.
Having been released in August 2015, this Bitcoin hardware is considered as one of the oldest in the market. In fact, it is just as efficient as the Antminer S7 and works better than the Antminer S5. It, however, costs a bit higher when compared to the Antminer S7 but delivers less return. It has a power consumption of 1100-watts, which is also a bit high and can bring in revenue of 0.12 Bitcoins in one month.
Theoretically, you could build an FPGA with 16gb or memory on 1 RAM controller, with a single processor, and run about 50 mh/s on 1 card. However the development cost is fairly high for that, and ethereum has been fighting off the PoS Ghost transition for 12+ months now. If anyone had known 1 year ago, that casper would not go into effect in October, they would have made such a card. Hindsight is 20/20. People think Casper will again be rolled out around november/december, and it’s july 1, so no one will invest 20+K to develop an FPGA/ASIC card for a coin that is going to proof of stake.
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?
One important part of mining is monitoring your power usage since it directly affects your profits. We recommend picking up a WeMo Insight outlet to monitor energy cost. Additionally this will let you turn off the computer remotely via the outlet if an error occurs. The WeMo outlet has a 1800W limit so be sure to get one for each rig you’re building.
Different cryptocurrency has different hash algorithm and requirements, but the essence of a hash is the same. If a miner be the first who compute the hash result matched the requirements against the whole network; then that winning miner will be reward with the coins! That’s exactly the goal of mining. Obviously, only using a small computing resources winning against the whole network is very difficult; that’s why the Mining Pool concept can be applied to join force to win.
A: As long as your system meets the general requirements and has at least one GPU with at least 3GB of RAM, you can mine Ethereum.  Some Gaming laptops do have high end cards, but with the considerable heat generated from mining there could be other impacts to your laptop so it’s best to go with a desktop build.  Virtualized environments that you can rent usually do not have enough powerful dedicated GPU in them, or are simply not profitable if they do.  There are currently no ASICs for Ethereum (as it is designed to be an “ASIC Resistant” Proof Of Work hashing algorithim, so if you see ads for one – RUN.  ASIC’s are still profitable for mining some coins (Bitcoin, Dash and Litecoin), but for home built Mining Rigs, Ethereum and other altcoins are still profitable to mine (whereas Bitcoin is not profitable on a home pc – even with many powerful GPU’s do the Bitcoin ASIC technology available).
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