“Ethereum Mining-Rig Alibaba”

“Ethereum Mining-Rig Alibaba”

This data was taken from an advanced Bitcoin mining calculator using the following stats: 2% mining pool fees, 12.5 Bitcoins as a block reward, 14 TH/s hash rate, 1375W power consumption and $0.12 per KW. Date of calculation – February 2018
This card generally retails in the $800 range, but mining demand has driven its price to over $1,000 in some locations. If you’re lucky enough to get free power, then this card could be a great choice.
The first way is mining Ethereum via Cloud Mining, “this is an excellent solution for beginners” Cloud Mining is the process of cryptocurrencies mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine Ethereum or alternative cryptocurrencies without managing the hardware.This type of mining does not involve any major investment and does not require large amounts of hardware and power.
Hello 🙂 I am interested in building the rig, I have 2 questions for you : what is the total kw/h of the rig, and also, I would like more information about the internet bandwidth and quantity of data you recommend for constant mining; I live somewhere remote and this will be influancial to where I will be hosting the rig 🙂
Never underestimate the power of the Radeon RX 400 series. The Radeon RX 480 is not only the cheapest GPU in this list, it is also easily the most economic GPU. This card has a hash rate of 25 MH/s while only drawing 150 W at max load. You’ll make over $700 USD annually per card! Comparitively to the RX 580, this card is an awesome Ethereum miner!
Blockchain networks and the Internet of Things (IoT) are two potential technologies that could provide the next quantum jump in the collection, storage, utilisation, and monetisation of information. The Internet of Things, growing network of internet connected physical objects and sensors, is forecast to grow to 26 billion devices in 2020. Technologists speculate on how to best use all the data collected by these devices for the larger good. Similarly, blockchain technology provides new distributed architectures for banking services, insurance services, information markets and social media platforms. It is however unclear how both these technologies can be deployed productively at scale. Both are looking for their iPhone moment!
But even without that being the case, it could be argued that there is actually an inherent value in using all of this energy, simply to make the currency workable – after all, a huge amount of energy is also expended in transferring, protecting, processing and storing conventional forms of currency, simply for the purposes of keeping those systems running smoothly. And even carrying around cash in your wallet has an energy cost too.
All in all, the prototype applications impressed the experts and event judges by the breadth of thought, design and budding code implementations. This demonstrated how correct hand-holding can trigger creativity in participants that hitherto haven’t ever developed applications using this technology.
Ethereum is a distributed platform which is built on blockchain technology. Blockchain is a sort of a database which is stored on volunteers computers who are running a node on their computer. The blockchain can work if most the nodes in the network are acting fair keeping track and validating all the changes/transactions in the netowork. In order to make sure no group of nodes controls more than 50% of the netowork, the solution is to make it so expensive to control 50% the network that no organisation is able to do it. The algorithm adopted by many coins like Bitcoin, Ethereum, ZCash and others is called proof of work and in consists in a searching for a solution that can be found only through brute force. When a miner finds the solution it gets a reward and it can close the current block. The operation for looking for the solution is called mining and all the miners are competing for it, each of them having a chance equal to the processing power he has. Statistically each of them will get a part of the pie proportionally to the computing power is uses.
i bought several diff contracts so far im not even 5% got my investment back , be cheaper to mine at home and pay for power bill than hiring mnining contracts most dont give back more than 33% of ur investment. these cloud mining comps need to pull their socks up otherwise all that hardware cost will bankrupt them for them trying to out fund us crypto miners out there
We all knew it was going to happen, after all the moon is our goal, but here it is: Dogecoin being launched into Space, via the AlbertaSat satellite being launched Android Wallet A mobile Peercoin wallet that allows you to manage your Peercoins without carrying a fullsized blockchain on your mobile phone
McCoinCloud – they offer Ethereum Lifetime Contracts* with weekly payouts. They own two data centers build up especially for the purpose of cryptocurrency mining. And since year 2015 they are offering mining contracts with a guaranteed return on investment.
We are going to be using the very popular Claymore Miner.  Get the current version here from Claymore’s original Bitcointalk thread and download the current version from the Google or Mega download links he provides (don’t use other people’s links).  The current version as of the time of this writing is 9.6 and you’ll want to get the Catalyst and Cuda version (not the Linux version).  

One Reply to ““Ethereum Mining-Rig Alibaba””

  1. In Ethereum Mining, the difficulty is adjusted dynamically so that the network produces one block in every 12 seconds on an average. Thanks to the synchronization of the system, it is not possible to rewrite history or maintain a fork except the individual attempting to do so has over half of the mining power in the network.
    Troubleshooting tip:  Some miners have had success installing all GPU’s at once and then installing the drivers.  Others prefer to install only one card, install the drivers, shut down the system and then install the rest of the GPU’s and then just let them all be recognized by Windows (you’ll feel the system lagging, some flickers, or brief black screens while each card is detected by Windows).  
    Being that new to BTC mining I can not say allot. yet from all the time and due diligence of reading reviews for the mining services. I am impressed with sources from CNN News and many the positive remarks from Redit and CoinDesk. best I can say is keep up the good works! I will be watching and thank you for the services. -BW-

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