“is ether mining profitable ethereum mining gpu reddit best”

“is ether mining profitable ethereum mining gpu reddit best”

Kindly notice! Hashgains do not give you any trading advice. Before availing our services, do your research and get answers to your questions in order to find out whether cryptocurrency mining is legal in your state, country, province or not.
The MSI Z170A Gaming Pro Carbon is a great choice of mining motherboard if you also want to use it in a gaming machine as well, thanks to a number of gaming-centric features that you’d usually associate with mobos found in gaming rigs. This means you get four DDR4 memory slots (rather than the more common two slots found in other mining motherboards), plenty of ports and connectivity and even aesthetics to appeal to hardcore gamers. Of course, it’s no slouch in the mining department either, with support for up to seven GPUs. FOr the best versatile mining motherboard, this is a great choice.
The motherboard is the most important aspect to any mining rig. The reason for this is that it needs to be able to support all of your GPUs. If you only plan on having one or two, then it’s not so important. However, most people will aim to maximize and have 6 GPUs in a single rig. There are very few motherboards that will support the running of 6 GPUs. The big advantage with mining is that you can run the GPUs from x1 PCIe slots, so you don’t need to find a motherboard with 6 x16 PCIe slots.
An application-specific integrated circuit (abbreviated as ASIC) is an integrated circuit (IC) customized for a particular use, rather than intended for general-purpose use. In Bitcoin mining hardware, ASICs were the next step of development after CPUs, GPUs and FPGAs. Capable of easily outperforming the aforementioned platforms for Bitcoin mining in both speed and efficiency, all Bitcoin mining hardware that is practical in use will make use of one or more Bitcoin (SHA256d) ASICs.
Now that you’ve figured out how much you are going to make and how much you are going to be spending, you can then see how long it will take for your mining to pay off and decide if it is worth it to you or not.
Always, always make sure you have a system in place for monitoring your fans and temperature, and you can check on these remotely. If you’re using Genoil, then the system will try and correct itself, and if you’re using ethOS, it will shut down a GPU if there is an overheat issue. However, not all miners are created equal, and if you’re not careful, you could burn your house down. This is one of the reasons why it’s so important to continuously monitor your rig and ensure that it runs stable within the first 24 hours. Also, bare in mind the heat fluctuations during summer and winter months as those few degrees difference can have a huge impact.
Currently you’ll need at least 3GB of dedicated video memory (VRAM) to mine Ethereum, and this VRAM requirement is expected to grow to 4GB in 2018. It’s important to note that if you are planning to mine with a GPU that doesn’t have at least 3GB of VRAM, you won’t be able to!
Below, I have outlined the considerations you need to keep in mind when choosing these base component and the popular options for each. You can use a website such as PCPartPicker to ensure that the parts you have chosen will work together. Also, if you’d like you can buy complete CPU, RAM and Motherboard bundles from gpuShack.
What to Mine is a fantastic, relatively new website that is great for finding out what coins are the best to mine “right now”. The purpose of this step is to see what sort of competition you are up against, and what sort of rewards you can anticipate in the short term.
However, a high hash rate does not guarantee profits; electricity is still a big factor. The hash rate is often denoted as mega hash per second, a million calculations in a second. It can also be labeled Giga hash, which is 1000 mega hash or terra hash; this has 1000 Giga hash.Simply put, a higher hash rate means greater mining speed.
Disclosure: Ethereum mining profitability results are calculated based on a network hash rate GH/s and do not account for difficulty or exchange rate fluctuations and a pool’s efficiency. If you are mining within a pool, the estimated Ethereum profitability can vary depending on the pool’s efficiency and fees. GPU hash rates used for calculations are gathered from online sources or submitted to us by mining enthusiasts like you. Actual results may differ from the ones listed in Ethereum Mining Rig Builder.
Ethereum mining is a rewarding but time and power consuming activity. If you have neither, then just purchase Ether, but if you do, after getting a secure Ethereum wallet to receive your payouts, mining hardware, and software to direct you to your selected pool, then you only have to consider these two things:
HashGains is a leading cryptocurrency mining service provider in the world. You do not need to invest in mining equipment anymore. All you need to do is buy a hashing rate and start mining. The company has adopted cutting-edge technology in association with its Green Mining Data Centres that completely run on renewable sources of energy. HashGains provides excellent mining services at an affordable rate. The HashGains mining platform simplifies the Ethereum Mining process and provides the newly mined coins in the easiest way. The list of services include –
It’s important to note that purchasing used cards from crypto miners is not recommended, because these cards run 24/7 well below their base spec. Many people are selling their cards that have been damaged due to mining (bad over-clocks for extended period of time damages both the processor and ram on the GPU itself).
When it comes to choosing your Ethereum mining operating software, there are three main contenders: Windows, Linux, and ethOS. If you’re a Mac fanboy, it is possible, but it’s advised for numerous reasons.
Also, I noticed that there are 14 GPU- and 19 GPU motherboards available and I read somewhere that new WIndows software will support it. That must me a huge saving having that one m/b instead of 3-4 as in case of 5-6 GPU rigs.
Before you decide that you’d like to start mining for ethereum, you first need to decide if it is going to be profitable for you. At first glance, it’s going to be incredibly easy, but you should know that mining is going to be a lot like trading stocks.
Additionally, it is incredibly fast, allowing you to send money anywhere in the world and within the shortest time possible. The wallet is simply software, which is open source, safe, and supports editing.
Ethereum is about to switch from Proof of Work to Proof of Stake scheme called Casper. Some of the included incentives for this transition are higher scalability, improved protocol economics, environmental friendliness, and easier implementation of sharding protocols. It is currently not yet decided when Ethereum is switching to PoS, but it’s reasonable to expect that it will occur in late 2018. If Ethereum switches to proof of stake, I’m not sure what role miners will have, but it’s possible that Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented.
Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s.
In this post, we will talk about “10 Best Ethereum Mining Pools to Join 2018 (Comparison)”. Ethereum has already solidified its position as the next best cryptocurrency available. It has something the Bitcoin doesn’t have- a multipurpose blockchain. Ethereum as a digital currency is generated by mining, and this mining comes with a reward. To get this reward, one can see either mine Ethereum solo or through a mining pool. The reward for mining this digital currency is 5 Ether, and it can be mined every 10- 20 minutes.
This is quite a useful list that has the information on the hash rates of many AMD and Intel CPU’s, and this list is constantly being updated. Though the list is only for the Cryptonight algorithm (or Monero) hash rates, I don’t recommend mining other algorithms on your CPU, as Monero works very well on the CPU, compared to other algorithms which heavily favor the GPU.
Step 16 Hashing Power benchmark: If you want to get an estimation of your hashing power you can run ethminer -M (for CPU mining) or ethminer -G -M (for GPU mining). The command will run and you should get a result similar to the image bellow.
Mining works by connecting to the blockchain and verifying transactions by verifying new blocks in the blockchain. By doing this they are securing the network and preventing errors from happening such as double spending. The miners put these blocks through a process by applying a mathematical formula to it, turning the numbers into a shorter, random looking sequence of numbers. This number is the blockchain’s hash. Producing hashes from the data of a blockchain’s block is easy, however it is impossible to work out what the starting data was just by looking at the hash. Each hash is unique and changing even a single character in the hash changes it completely. Here is an excellent video which explains what your computers do when its mining that uses pen and paper as an example (This method is extremely inefficient so do not to make a profit off of it.)
Step 4: Command Prompt is now open – and can look terrifying to people who aren’t familiar with it. The Command Prompt box usually has C:\Users\Username> showing in it – where Username is your username – so if you log into your computer with the username cryptocompare then the command prompt box will open with C:\Users\cryptocompare>. You need to tell the computer to look in another place Type cd / into the newly opened command prompt. You should now see “C:\>”, You have just used the cd command or “change directory” command to make command prompt look at the C:/ drive.
For me, my aim was to find out more about the Ethereum network as I am a software developer and the possibility of programming smart contracts is like playing with a giant box of Lego Mindstorm, with unlimited pieces.
What all cryptocurrencies have in common is their primary operating principle: they all rely on a decentralized network to store transaction information, which basically makes all transactions publicly accessible and incorruptible. This network is usually known as a blockchain, and consists of blocks that each contains information about multiple transactions. When a transaction is initiated, it needs to be included in a block and verified for authenticity; the verification part is done through complex computations performed by – you guess it – miners.
A Compatible Hardware: It is important to remember that to turn your computer into an ETH miner means that you will put more stress on it than a normal user, for this you need your system to run smoothly so at least 3GB RAM is required for a proper mining experience. As for the CPU, you don’t need the best out there (a simple CPU will do), but don’t be cheap.

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