“hardware for ethereum mining”

“hardware for ethereum mining”

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We test each product thoroughly and give high marks to only the very best. We are independently owned and the opinions expressed here are our own.
Below are the best Nvidia’s mining cards currently available on the market. It’s important to note that we excluded Older Nvidia cards with 4 GBs (or less) of VRAM because their performance was usually bad, and it will only worsen more as epochs advance.
FPGA mining is a very efficient and fast way to mine, comparable to GPU mining and drastically outperforming CPU mining. FPGAs typically consume very small amounts of power with relatively high hash ratings, making them more viable and efficient than GPU mining. See Mining Hardware Comparison for FPGA hardware specifications and statistics.
HashFlare has been involved with cryptocurrencies since the inception of Bitcoin and has years of experience in the field of mining cryptocurrencies. This Estonian company is now also offering Ethereum mining plans with no maintenance fees. Also, the minimum order amount and the hash rate is very low (100 KH/s with the price of 2.2 USD), so you can start with low investment and see how it goes. Use Hashflare discount code 2018 HF17QWL22TR4 for a 4% discount (over 1000$ only).
The statement that you need a big investment is not true neither (depending on what you call big). I have a small rig with 4 RX580 8 GB and it costed me 1500€. I started with one GPU and than gradually expanded. I buy my GPU’s at around 300€, which is I think reasonably priced.
It’s only been a short while but everything seems to be going well. I really like how you are able to allocate different percentages for the specific coins you want mined! When are the lifetime contracts coming back?!? I really want to get one of those!
Each mining rig works at a different level of efficiency and uses a variable amount of electricity. On the low end, miners typically draw ~100 W at their maximum load, but this can increase up to over 1000 W with more powerful and less efficient miners.
As always agree with what you’ve written here. I definitely do think it is profitable for people who already have cards. I still think it could be profitable even at current GPU prices, but for me it is insane to buy more at this point from a risk standpoint, as I’m being ultra risk averse.
Following a guide like this: https://www.cryptocompare.com/mining/guides/how-to-build-an-ethereum-mining-rig/ [5] will get you around 100MH/s with 5x Radion HD 7950 which go for around $200 each, plus mobo, case, RAM, PSU etc. You’re probably talking about $1400 or more all in. Then unless you have free power you’re looking at paying for 1kW of power, which depending on where you live, could be anything from $0.05/kWh to $.30/kWh (power usually gets more expensive the more use per month). Let’s say $0.15/kWh – that is about $110/month.
Alternate Currencies   There are many different alternative currency that have sprung up based off of the idea and/or basic code of Bitcoin. A few of the more notable ones are litecoin, namecoin, PPCoin, and Ripple. To learn more about these, please visit our alternate currencies page.
Monero was built from the ground up to focus on user choice: the choice for scalability, the choice for privacy, and the choice for decentralization. It features a proof-of-work algorithm known as CryptoNight, and makes heavy use of the ring signatures to ensure anonymity is maintained. Earned XMR can be autotraded in the dashboard to other cryptocurrencies, including Dash and Zcash – another privacy-centric cryptocurrency.
To others who are reading this comment, this tutorial is for a single slot miner. A single slot miner has an overall lower footprint, both in terms of power draw and overall cost, compared to a multi-GPU miner. They are cost-effective only for those who want to get their feet wet since the cost of entry is fairly low.
Oh, and with Ethereum there is one more fly in the ointment to spoil your mining hopes – if it switches to a proof of stake system this kind of mining will no longer be possible. They mention that in their notes. At that point, they will try to hash anything else that is profitable but you could easily be SOL.
I made this same question in Bitcointalk and a veteran told me “we will talk about another more profitable coin in 1-2 years, guaranteed…”, so we don’t need to worry about it stopping being profitable soon… I asked him/her how s/he can be so confident, and the reply was that it’s because it happened 3 times before. I said that it doesn’t mean it will be the same thing from now on just because of that. He didn’t reply me anymore…
New Mine is one of the leading companies in the cryptocurrency mining space. Since our formation, we have sold several million dollars of our machines to clients across 3 continents (North America, Europe and Africa). Our customers range from institutional investors to high net worth individuals. We have manufactured our machines in 3 US states (Washington, Wisconsin and North Carolina) and have shipped these machines all over the US and abroad. New Mine can arrange for hosting of our GPU rigs in a range of locations however we have a preference for hosting of machines in the US or Canada. 
The name of the chipset manufactured by AMD or Nvidia for each card remains the same (for example RX 480). You’ll notice that various models are available from different Original Equipment Manufacturers (OEMs), which is a company that produces parts and equipment that may be marketed by another manufacturer. AMD Radeon graphics and AMD Wonder products are commonly licensed by OEMs and utilize AMD’s brand to market the product, so you might encounter the MSI Gaming Radeon RX 480.
In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity.
Hashflare offers 1 year Ether cloud mining contracts. No maintenance fee applies. Daily payouts in ETH. Remember that Genesis Mining offers 2 years Ethereum cloud mining contracts when you compare this operator.
Also, you can see what is the current block of the livenet by viewing the Ethereum net stats dashboard under the heading Best Block. For example, if under Best Block you have 610,002 and you reach this number in the download process, then you have finished downloading the blockchain.
Next select a motherboard for your mining rig. Boards support a variable number of graphics cards, and may only accept specific types of processors and memory. See the Details of each board to quickly identify proper pairings.
Mining centers in a small US town of Plattsburgh, NY have stumbled upon a moratorium filing. Local politicians expressed the concern over high consumption of electricity and environment. In general, the politicians want those centers to stop their activity and stay away from the town for good. The public hearing date is set on March 15 at the Common Council Chambers.
Watchdog: Connect Watchdog to the Reset and Power connections on your motherboard, so that the timer can reboot or turn on/off your rig. The two images below show the same thing, the only thing that changes is the coloring of wires.
Zcash uses the equihash algorithm. Same as btc gold. I bought my contract to mine zcash, but I don’t think it is unreasonable that in a few month’s time, Genesis might make it possible to mine btc gold with it since it is the same algorithm. If not, Zcash will still be hot. It is a win win!
I prefer using what’s called a picoPSU. A picoPSU generally supplies power somewhere under 200 watts. It also tends to offer higher efficiencies than standard power supplies, at around 80 to 90 percent efficiency. If you’re using an RX 460, you can get away with a picoPSU. The model I recommend is the 160-XT. The XT includes a 4-pin CPU connector.
The GTX 1050TI has a hash rate of 11 Mh/s with a power draw of 70W, it will make a profit of 23.83 USD a month, with a power cost of 4.28 USD per month. It will take just over 6 months to pay off the GPU at 150 USD

Leave a Reply

Your email address will not be published. Required fields are marked *