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Mining is the processing of transactions in the digital currency system, in which the records of current transactions, known as a blocks, are added to the record of past transactions, known as the Blockchain. cryptocurrency mining is a process in which cryptocurrency is produced by solving complex mathematical problems.Mining is the process by which transactions are verified and added to the public ledger, known as the blockchain. It is a means through which new Crypto coins are released. Miners are the rewarded with Block Rewards in respective cryptocurrency as a compensation towards their contribution. Anyone with precise hardware, Appropriate resources & domain knowledge can participate in mining.At Coinomia, we save all the trouble and provide a ready to mint (Make crypto-currency),cloud mining platform for you. Cryptocurrency is kind of new generation of the payment systems with high security that allows users to perform safe as well as real time online transactions. It is a medium of exchange like other Fiat currencies such as USD, GBP, EUR, etc.It is like the money you've got in your credit/debit card, that can be used for purchases. Transactions are visible in the bank statements/ledgers but you dont get to touch it or feel it. Put another way, cryptocurrency is computer hardware resources and electricity converted into lines of code with monetary and exchange value based on demand and supply logics. Ether is one of the biggest cryptocurrency. Ethereum offers a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Everything thats being built on Ethereum will always use Ethers for internal transactions and hence, demand for ethers will alwa Continue reading >>
Ethereum Mining Is Profitable, But Not For Long
Ethereum mining is profitable, but not for long Venture Capital | Investment Analysis | Deal sourcing + Execution. Previously founded and exited a profitable tech company in India You can also reach me at @shekhartee You can create a community post just like Shekhar here . This is a constant question, especially now that the price of Ethereum is rising. This year, Ethereum has seen an almost 20x jump in price. This increase has led people, who hadnt considered cryptocurrency, to sit down and become suddenly extremely interested. When this happens, I believe that most of the biggest profits have already been made. People have been mining the coin for months or years, and they have probably seen some tremendous gains, especially if they have a decent-sized operation. OK, lets get back to the question: Is it worth it to start mining? If you are just hearing about Ethereum and interested in maybe jumping onboard, this can be a very difficult question and the answer depends on a lot of factors. Well, hopefully, this article will help you get an idea of whether it is good to mine Ethereum. In elementary terms, Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. I remember a friend once came up to me and asked, Is bitcoin and Ethereumsimilar? Well, sort of, but not really. Like bitcoin, Ethereum is a distributed public blockchain network. There are, of course, some significant technical differences, but the most important is that they differ substantially in purpose and capability. Bitcoin offers one application a peer-to-peer electronic cash system that enables bitcoin payments. The Ethereum blockchain can support many different types of decentralized applications. Wait, if it is a n Continue reading >>
Is Ethereum Mining Profitable In India?
Current Network Hashrate: 62015.5576 GH/s With 2000MH/S computational power you will be able to mine approx 1 ETH in a day. With Nvidia 1050Ti you will get ~22MH/s at 130W (Source: Ethereum mining with 2x Nvidia GTX 1050 Ti 4GB Gurdeep Bangar ) This means you will have to buy 100 1050Ti cards costing you around $20000 plus electricity cost. You will be making an aprrox profit of around $200 per day at the current market rate. Ethereum mining is generating more rewards than the Bitcoin mining currently. But as the Ethereum will move to the Proof of Stake the mining equipment will not have use beyond 1 year. I sure think so ! By ethereum, I'm assuming Altcoins (because there are other coins just as good and profitable as ethereum) GPUs are made in US (mostly) and are imported to India making the prices freaking sky-high (GST slab of luxury items). None of the GPUs have local warranty so even if you somehow got them in from the states, you can't claim warranty in India and you have to ship it to US for any claim. (There is only 1 GPU maker (EVGA, I think) who gives international warranty but there are no service centers of that maker in India) So no other way but to pay the local exorbitant price High electricity chargesWhile calculating EB, always count full highest slab for all your wattage as worst case conservative estimate. The lower slabs will be used up for cooking / AC / household stuff. Or you could call it a business-from-home and set a separate electricity meter, but the net bill amount should be approx. the same I think (because of different tax slabs for residential and industrial) Temperature . No point running them in April May June.. Even in other months, India is a dusty country. No other way but to enclose the setup and provide ventilation through ducts Continue reading >>
How To Start Ethereum Mining,buy And Trade In India
How to start Ethereum mining,buy and trade in India With the recent boom of cryptocurrencies lot of people are looking to invest into the system, so here we are with a guide about Ethereum, What is Ethereum, Where you can buy Ethereum and How you can mine Ethereum. Ethereum is open software platform which uses blockchain technology like bitcoin which enables software developers to build decentralized applications Both Bitcoin and Ethereum relies on the public blockchain network interface,but Bitcoin can only be used as only peer to peer electronic transactionsystem that enables online Bitcoin payments in which Blockchain used to track ownership of digital currency(Bitcoin/Ether). In the other hand, Ethereum blockchain mostly used for the programming code of any decentralized application Also, Ethereum transactions take way less time to process, so it can be used more on real-time transactionapplications like auctions,betting and more. This all transactionsin Ethereum blockchain is power by fuel which is called Ether Either can be obtained by guessing/solving specific mathematical equitations, this can be done using running a specific algorithm on a computer, in our case the algorithm is used to mine ether is called Dagger-Hashimoto. This algorithm can be run on any computer but most preferred method to do is faster is using high power GPUs Each time you solve the mathematical equation you will be rewarded with ether. Most preferred method of buying Ethereum is Online, There are few websites in India which allow you to buy and trade Ether from someone who is willing to sell Here are some online sites where you can buy Ether online : All wallets have backup and recovery functionality, make sure to enable and store them carefully, otherwise, in terms of Hardware Failureof Continue reading >>
Bitcoin: Here Is How Indian Techies Are Minting A Fortune In Bitcoins - The Economic Times
BENGALURU: When 32-year-old Harshad Gawde first invested in bitcoins in 2013, he couldn't have expected the returns from it to sponsor an all-India tour, beginning with a six-month trip through Roopkund hills in Uttarakhand. He will be living off $15 daily payouts from that investment. "I invested in bitcoin when one coin was worth Rs 28,000, one-tenth of what it is today," the Mumbai-based Gawde said. On August 30, one bitcoin was worth Rs 2,91,822its value skyrocketing since Donald Trump's election as the US president in November and spawning an industry of auxiliary services for people rushing in to find gold in the virtual currency. Bitcoin is a decentralised, paperless cryptocurrency invented by Satoshi Nakamoto, an alias for an anonymous programmer in 2009. Unlike traditional currencies, crypto coins are not produced by a central authority like a bank or a consortium. It is a mathematical formula. These coins are produced by massively souped-up computers, called 'mining rigs', that solve complex math problems to obtain these virtual currencies. A ledger records all the transactions. A typical crypto currency mining rig runs round-the-clock, its performance depending on the high-end graphic cards and cooling systems used not an inexpensive proposition at an average Rs 3 lakh a machine. Even so, several online vendors as well as individuals are investing in these machines to mine crypto currencies. A Chandigarh-based online vendor, who calls himself Letsmine, is one such 'miner.' He has built and sold 90 mining rigs through eBay at a base price of Rs 3,00,000 each. Letsmine has been selling rigs for the past one year, assuring customers that the investment can be recovered in 8-9 months. Not just building rigs, "we even host rig of others at a monthly cost. We will Continue reading >>
What is Bitcoin? source from @The Rise of Bitcoin by Duncan Elms. We are a hosted mining company && we are not a Cloud mining company; or we are not a MLM company. We are the most profitable mining pool operation in india Or in a way that customers earn the most from mining revenue You can buy 1 unit worth of hashing and it work FULL FORCE for you With electricity fee paid each month So Projection of mining revenue is straight Very close to If you wants to mine into our mining pool = payouts are PPLNS. So you get paid when pool finds the block. Here is how to mine BTC into BTCI pool Password, minimum 1 letter like x or 123 or anything but simple Continue reading >>
Is Ethereum Mining Profitable?
Share Pinterest Linkedin Print Tumblr Mail Line Flipboard Hackernews As the price of Ether (ETH) hovers around $900 (After touching a whopping $1400 just last month), you may be wondering if its worthwhile to begin Ethereum mining. Like Bitcoin, Ethereum is aproof-of-work(for now) coin that uses miners to confirm network transactions. Before we begin, let us remind you that Ethereum will eventually move to a Proof-of-stake framework and mining will go obsolete. But, there is still time for that, and we will talk about it later in the article. Meanwhile, let us discuss if Ethereum Mining is profitable right now. As it goes with all Proof-of-work algorithms, the mining profits vary from person-to-person and can actually become less and less profitable with time. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: In laymen terms, you receive Ether in reward when your mining rig solves a complex mathematical problem. The difficulty of this mathematical problem is setup by the Ethereum Network and has been steadily increasing since its inception, barring one exception the Byzantine fork. To put it simply, as the difficulty increases, the ethereum you receive per unit of energy spent goes down. As more miners join the network, the difficulty increases. Although there was a sharp drop in difficulty by Byzantine fork, it didnt make any difference as the Ethereum mining rewards per block decreased from 5 ETH to 3 ETH. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. The newer GPUs are Continue reading >>
How Much To Invest In Ethereum Mining Rig In India ?
How much to Invest in Ethereum Mining Rig in india ? If you also want to know about how to buy ethereum mining rig in india or to invest in Ethereum mining rig setup in India then watch this video till end. || | | | | * ===================================================== ===================================================== (* price may vary as per availability of stock) Graphics card : Sapphire rx 570 pulse 4gb Want to setup your Mining rig or need my help in cryptocurrency mining ? Contact us on the following numbers. bhai iss rig se kya hum etn coin mine kr sakte hai kya.... So, I was reading their technical foundation. Artificial intelligence and machine learning on top of blockchain technology? Wow! Count me in as an investor. Dude talk in English... All Indians don't know hindi 15 dollar wali rik kitne ki hogi, please answer, I want to purchase This make me so sad I don't have that much money to buy it you are amazing how would you bought these all pls tell me Namaskar sir rx470 4gb 6 gpu rig daily electricity kitny unit consumption hy or monthly plz reply Bhai apna number dedo... Mjhe b mining rig chaie.... Ye trezer wallet Kya Hai iski security kitni hai please contact I am purchased mining machine Sir mujhe b mining rig banani kitna kharcha hoga Dear All friends,Obtanix is best crypto company...xenos coin will be more than 500$...if interested to join for best support.please whatsapp-991142689 Astrology & Meditation Life Care Solutions 19 +1 Please contact want to buy at Delhi 9873552617 If you make a profit of 6$ a day, youll have to mine continuously for 18 months to recover the investment on the mining Rig. Am I right ? Sale Mc Bc Tumhari wajha se gpu ke prices increase ho gye h sale 10-10 gpu le kr aa gye mc Hallo Nilesh Bhai I am sorry let comment very Continue reading >>
Ethereum And Bitcoin Mining Rig Of 150mh/s Crypto Miner In India | Ebay
Ethereum and Bitcoin Mining rig of 150MH/S Crypto Miner in India Please enter a quantity of $qty_dummy$ or less Please enter a quantity of 1 Purchases are limited to $qty_dummy$ per buyer Please enter quantity of 1 or more Please enter a lower number Choose quantity that is less than $qty_dummy1$ or equal to $qty_dummy$ You can only choose quantity that is equal to $qty_dummy$ No additional import charges at delivery! This item will be shipped through the Global Shipping Program and includes international tracking. Learn more- opens in a new window or tab FREE National Courier - Delivery outside seller's city | See details (Credit card, EMI, Debit card, Online Bank Transfer), Cash on Delivery | See payment information International shipping and import charges paid to Pitney Bowes Inc. Learn More- opens in a new window or tab Any international shipping and import charges are paid in part to Pitney Bowes Inc. Learn More- opens in a new window or tab International shipping paid to Pitney Bowes Inc. Learn More- opens in a new window or tab Any international shipping is paid in part to Pitney Bowes Inc. Learn More- opens in a new window or tab Seller assumes all responsibility for this listing. Last updated on 25 Feb, 2018 20:32:42 IST View all revisions New: A brand-new, unused and undamaged item. See the seller's listing for full details. See all condition definitions- opens in a new window or tab Please contact us before placing order for rig at 9403857399 Ethereum is the potential successor of Bitcoin, a cryptocurrency wich is winning populairity. Mining Ethereum is verry profitable, it is expected that Ethereum will grow further in price. Our mining rigs are specially developed and configurated for Ethereum mining. With this miner you will mine at approx.150MH/s(+- 5%) Continue reading >>
Crypto Currency Mining Rig India
Crypto Mining Rig India helps you to setup your mining equipment with proper care without having you the need to get in the technical stuff. We build rigs according to the need of our customers and deliver it to them. Before getting into our mining rigs, let's get some basic knowledge: Now lets fit it all together. With a cryptocurrency blockchain, as transactions occur they are broadcast and added to various private ledgers. Each one of these transactions is digitally signed for the sake of authenticity. On the other end, there are people or groups collecting these transactions and building ledgers. The act of computing the correct value to satisfy the hash function in blockchain is called mining. When it comes to cryptocurrency, a reward is provided to whoever solves for the correct value. That makes it lucrative to compute the correct value. When someone says mining cryptocurrency what theyre referring to is the act of trying to compute a specific hash value by producing a set value that, when hashed along with the block ledger, produces a specific result. This requires considerable computing power, but considering the rewards its well worth it. There are more than 1500+ types of cryptocurrencies. But the most popular ones are Bitcoin, Ethereum, Monero, ZCash, LiteCoin and so on. Each coin has an Algorithm. And depending upon the hash rates you get on an algorithm, you can determine how much profit you can get mining a coin with a particular algorithm. Graphics cards have been used for Gaming over the past years. They can do much more than only render your games for pleasure. They can also mine for Cryptocurrencies and make you money. We provide our customers with the following GPU Rigs for mining cryptocurrency. Powered by Nvidia and AMD GPU. We only trust in the q Continue reading >>
Ethereum Mining In India (investment Proposal)
Ethereum Mining in India (Investment Proposal) Last edit: September 26, 2017, 11:05:02 AM by bitspay_inc We the Bitspay Inc are currently mining ethereum, dash, litecoin, monero and zcash in our facility, we are expanding our business with all your support and giving you offers to invest in our company to get handsome amount of profit from us. Getting profit means real profit not any type of ponzy scams which are running around the world. You can watch our mining farm here in Youtube - This is our real farm and real earning from this setup, we have 4 setups running now and introducing more setups in future. We are planing to expand this setup to 10Gh/s of mining power by this FY2017-2018. All of you can contribute and invest in the same with proper investment plan which gives you at least 10% interest per month on your investment for 18 Month of period. INVP 1 - 2 ETH - 0.2 ETH/Month for 18 Month - You Get Total 3.6 ETH INVP 2 - 3 ETH - 0.3 ETH/Month for 18 Month - You Get Total 5.4 ETH INVP 3 - 5 ETH - 0.5 ETH/Month for 18 Month - You Get Total 9 ETH INVP 4 - 10 ETH - 1 ETH/Month for 18 Month - You Get Total 18 ETH INVP 5 - 15 ETH - 1.5 ETH/Month for 18 Month - You Get Total 27 ETH You will get proper invoice for the same with all the legal registration numbers like GSTN. If you wanted to invest, we have open our doors for you. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Could you share some details about yourself, your team and how much you have invested totally and what return have you received till now. What happens say I invested in the project and govt comes out with negative news or something which is not very favorable, how will you return back the money since you wo Continue reading >>
Is Ethereum Mining Profitable In India
bitcoins creator finally unmasked sinners Ethereum Mining in India (Investment Proposal) Could you share some details about yourself, your team and how much you have invested totally and what return have you received till now. What happens say I invested in the project and govt comes out with negative news or something which is not very favorable, how will you return back the money since you would have utilized by then? Try Open Beta on January Thanks for the interest, Business Detail - We are having currently 6 Members in our team, who are working round the clock to maintain availability of the rigs. We all from different background like, computer science, electrical, management etc. I am personally from the Computer Science background and worked as a System Administrator in well known IT companies of the world. Legality - In India there are no rule regarding Mining or Trading, but there are some companies who are already working as an exchange in India like koinex. All businesses are having some risk and in every country the mining business is growing at there own risk so that needs to be bear by both of us, we are maintaining all the operation you just need to invest in the project and make profit. If you are interested in the partner shipping that will also be considered. Again Thanks for the interest. No additional import charges at delivery! This item will be shipped through the Global Shipping Program and includes international tracking. Learn more - opens in a new window or tab. International shipping and import charges paid to Pitney Bowes Inc. Learn More - opens in a new window or tab International shipping and import charges paid to Pitney Bowes Inc. Learn More - opens in a new window or tab Any international shipping and import charges are paid in part to P Continue reading >>
Is Bitcoin Mining Profitable In India In 2017?
Is Bitcoin mining profitable in India in 2017? Bitcoin mining profitability depends on many factors. Whether it is India or any other country, the mining profitability is estimated through different factors, such as Bitcoin Difficulty As Bitcoin network, a block is added in every 10 minutes. To confirm a transaction on the network, miners need to solve complex mathematical problems and adjust the hash rate of the network. This simply means that more miners on the network, harder will be Bitcoin mining . Cost of Electricity It requires plenty of electricity to operate a Bitcoin miner. To calculate profitability, first you need to find out the cost of electricity per unit. Usually, you can find it on monthly electricity bill. Time Frame At the time of calculating Bitcoin mining profitability, you need to define the time that it is related to. The more time you do mining, the more you will earn the Bitcoins. Pool Fees You can also join a mining pool if you have a keen interest in Bitcoin mining. Here, you need to find out the fee structure that how much fees is going to deduct in operations. Apart from this, you should also know that depending on each miners effort, profits will be divided in the pool members. Additionally, to calculate the Bitcoin mining profitability, you also need to consider the conversion rate or you can make use of the mining calculators. Continue reading >>
To Mine Or Buy Ethereum/zcash/monero In 2018
To Mine or Buy Ethereum/Zcash/Monero in 2018 Share on Facebook Share Share on Twitter Tweet Share Share Since the beginning of the second half of 2017, I call myself a proud crypto investor- currently investing in the 4 major cryptocurrencies - bitcoin, ethreum, litecoin and ripple. Starting July 2017,using dollar cost averaging I keep buying crypto coins once in the month. So far, the total crypto portfolio shows an awesome 132.98% year to date value growth. A couple of days ago I decided to give it a try and set up a 12 GPU ethreuem mining rig , for that I headed to Amazon.com and ordered goodies (motherboard, graphics card, risers, processor and so on) Now, in total, I spent $960 for a bare minimum, just one GPU, which I'm planning to extend during 2018, by adding a new card once in the month. I decided to compare/forecast/predict - should I rather had invested $960 directly purchasing ethereum, zcash or monero, instead of building a mining rig. From money invested in mining rig ($960), I could buy 2.03ETH. By knowing approximate hashingpower (22.5MH/s) and electric costs ($0.08) I calculated how much I could earn with just 1 GPUin one year. The result is not at all impressive - just 1.23 ETH. Apparently, if you are deciding to invest in mining rig - one GPUmight be too short to get back your investment in a foreseen future. As I'm planning to run a full 12 GPUEthreum mining rig, the cost for it would be, if all parts bought at once - $3,880.93. Let's see how much ETH a 12 GPUmining rig could theoretically produce in a year: 14.73 ETH - Now, that already seems as a nice result. If convertedback to the USD using today's ETH pricing (which is wrong, as we have no clue what will be the price for ETH at the end of 2018) we could get $6959.33, or profit at $3,079. Nice. Continue reading >>
Crypto Mining, The Money-spinner Hobby Catching On In India
A narrow, market street in central Bengaluru. Pavement vendors and crammed shops. Customers looking for a good deal. Computer parts and electronics hardware on sale. Thats Sardar Patrappa Road better known as SP Road, the electronics shopping hub in Indias Silicon Valley. Santosh Kumar was out an overcast June morning looking for parts to build something as yet not in demand even on SP Road a crypto-mining rig built with graphic cards, processor, motherboard, RAM, hard disk, and power supply. Kumar, a software consultant by the day and a hobby cryptocurrency miner by night, thought hed have to explain the architecture and the parts he wanted. Looking at my spec sheet, the guy at the shop easily recognized that I was building a mining rig and showed me a quotation from a previous day of Rs 10 lakh from another customer. He even made some recommendations, says Kumar, who ended up spending over Rs 1.5 lakh on his first mining rig. Kumar is part Indias growing community of cryptocurrency miners who are investing in expensive mining rigs, all in the hopes of making money in the highly volatile cryptocurrency market. To those new to the world of cryptocurrencies, this is the role of a mining rig: crypto mining such as Bitcoin or Ethereum mining is the process of adding and verifying transaction records to Bitcoins public ledger of past transactions records or its blockchain. Transactions are added to the block which, in turn, is added in a linear sequence to make up the blockchain. The blockchain, in turn, is also used to confirm transactions to the rest of the network. On purpose, the process of Bitcoin mining has been designed to be resource-intensive and requires brute computational power of mining rigs. The difficulty of mining keeps on increasing and keeps a check on th Continue reading >>