“ethereum mining tutorial 2017”

“ethereum mining tutorial 2017”

The RX 470 and 570s are hands down the best graphics cards when it comes to mining. This is due to its extremely low price and excellent hash rate performance. Like the RX 480s and 580s, these cards can also be very hard to find at reasonable prices. These cards are also excellent performers on the ETHash and EquiHash algorithms.
Of course, the real hope with mining is that the currency you are mining this case Ether) will appreciate greatly. Going through the mining process to gain Ether may seem like an inefficient route to the currency.
The value of Ether currently stands at around $950 and it is a more or less profitable venture for beginners as well as experienced miners. Ethereum also runs on a proof-of-protocol like Bitcoin and the following need to be taken into account when calculating the profitability of mining Ether.
BIOS: Launch your rig, go to BIOS and update it to the latest version, which is 0812 at the moment. You can download it on Asus website. To install BIOS, put the file with the newest version to a USB flash drive, press F7 to see BIOS advanced settings, then search for ASUS EZ Flash Utility, choose ‘by USB’ and click on the USB flash drive file.
2) After generating the Account, add a wallet and write down or copy to a text file the unique address. This address will start with the characters “0x”. It’s necessary for receiving ETH mining rewards!
To connect all of the GPUs to your rig you’ll need a motherboard with at least 6 PCIe slots. You’ll see most motherboard offer PCI x16 and PCIe x1 slots but the risers will connect into a PCIe x16 or x1 slot (this doesn’t affect the mining hashrates).
Cloud mining is basically a service that will allow you to pay for hashing power, which is hosted in data centres and sold in Gigahash/seconds (GH/s). Many cloud mining plans are available online but it is important to choose a reliable provider.
This one is easy: buy the cheapest CPU that works with whatever motherboard you pick. When it comes to mining, the GPUs do all the work. Your CPU will essentially sit idle, so there is no reason to waste money on anything other than the bare minimum.
But in principle, it only applies to the amount of ether, not its price. If the price falls by half, then the payback of the farm will be twice as long and this formula applies to everyone. The safest method here is extracting the air and transferring it to bitcoins.
Plenty of options for AMD owners if Eth goes to POS, other Ethash coins like Ubiq, Pirl or ETP. My RX 570’s also perform well with CryptoNight, Monero, Sumokoin, ETN and then theirs multiple Neoscrypt coins too.
The Coin Warz calculator is another useful calculator, though more complicated than the rest, it comes with some quite unique features, such as allowing you to input your hardware cost. The calculator will then use this information to estimate how long it will take to pay back your computer. Another unique feature is that it if you’re solo mining, it will tell you how long it may take to mine a block by using your hash rate. A third useful feature is that it shows you how much you can trade your mined coins for in Bitcoin, which is useful if you think Bitcoin is only going to go up in price. You can use this calculator for about 100 different coins making it quite useful when trying to find out what your other mining options are.
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.
I assume cards with 8+6pin would draw 150W+75W from the pcie cables so the powered riser may have less stress? But that would mean the riser needs its own power input cable which can be scarce depending on the PSU setup.
There are limited options for Ether cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to ether.

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