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Ethereum Difficulty 2018

Best Ethereum Mining Hardware (2018 Updated)

Best Ethereum Mining Hardware (2018 Updated)

Last updated on February 26th, 2018 at 04:04 pm Ethereum (ETH) is a popular choice for graphics card (GPU) miners. In 2018, Ethereum smashed its long-term $400 ceiling, and reached more than $1,000. Ethereums Ethash algorithm is one of many algorithms designed for optimal mining on GPUs. Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic , Monero , Zcash , and Vertcoin). This situation gives GPU miners enviable flexibility, in order to be able to switch between over 40 coins that are based on their current profitability. If youre new to mining Ethereum , there are 4 important things you should know: Ethereum intends to switch to a Proof of Stake scheme called Casper. Although this switch has been delayed, its reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented. If so, rewards to miners will be significantly reduced, with perhaps half of all new coin rewards going to holders instead. Ethereum mining currently requires a GPU with at least 3 gigabytes of Video RAM (VRAM). This VRAM requirement is expected to grow to 4 gigs in 2018. The Ethereum Directed Acyclic Graph (DAG) file is stored in VRAM by miners. The DAG grows in size by remaining proportionate to the mining difficulty. About once every epoch (or 30,000 Ethereum blocks), a new DAG is generated, which must be downloaded in order to continue mining. You can view the current epoch and other Ethereum network stats here . (At the time of this writing, the epoch was 162.) Note that the performance of older cards will degrade with each new epoch. Up to a point, more VRAM will also improve performance. The present difference between a 4- and 8-gi Continue reading >>

When Will Ethereum Mining End?

When Will Ethereum Mining End?

In August of this year (2017), Vitalik Buterin, creator of Ethereum , released the implementation guide for the first version of Casper. As a hybrid proof-of-stake (PoS)/proof-of-work (PoW) algorithm, Casper v1 is going to decrease (and eventually end) the profitability for Ethereum miners . The release date is estimated to be sometime in 2018 as part of the Constantinople hard fork and theres a lot to learn before this happens: Casper is a PoS algorithm thats projected to be released on the Ethereum network sometime in 2018. Beginning as a hybrid with the current PoW algorithm, the first version of Casper will only use a PoS consensus to validate every 100th block, called checkpoints. Once a checkpoint is validated, theres no way to go back and use a chain without it. Even if 99% of miners support a chain that doesnt include a checkpoint block, all clients in the network will still continue to use the one with the checkpoints. This removes a lot of the power that miners currently have. The Ethereum community hypothesizes that the switch to PoS will help with the scaling issues that the network is currently facing. The algorithm should enable new blocks to be created more quickly while allowing the network to scale more efficiently through sharding. Sharding is a horizontal partitioning of a large database into smaller and more easily managed parts. Beyond that, PoS algorithms also use less energy to run the network, reduce centralization, and make 51% attacks more difficult. With the upcoming hard fork, there could potentially be three forks of Ethereum: And, if youre a miner, you may be thinking, No big deal, Ill just continue to mine and give support to the Ethereum PoW fork. The Ethereum developers have stated that theyll be releasing what they call the difficulty Continue reading >>

What Is The Ethereum Ice Age?

What Is The Ethereum Ice Age?

Ethereum is currently a Proof of Work cryptocurrency, meaning that computational power is needed, not only to produce new coinsbut to process transactions and to keep the entire ecosystem moving. In order to ensure the system is scalable and decentralized, Ethereum plans to move to a Proof of Stake protocol where a lot lesscomputational power is required and miners can earn rewards according to their balance. The Ethereum Foundation is still working on the Proof of Stake protocol, Casper. Since Casper is not finished and it's not contained in the release version of Ethereum a hard-fork might be required to implement this change. An hard-fork creates an incompatibility between the previous version and the latest, there is always the possibility to create a "split" that result in two blockchains, like Ethereum Classic , did on the 1920000th block, after the hard-fork to refund The DAO token holders took place . In order to ensure such event doesn't take place (although it did already) and to give themselves a time-frame to finish Casper (making the community aware of the introduction of a hard fork within that time-frame), a Difficulty Time Bomb, is also known as Ice Age was implemented in Ethereum. The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it's programmed to raise difficulty exponentially. It's impossible for miners to keep up with the increase of difficulty which would raise block time and it would make the blockchain freeze, hencethe name Ice Age. The key part is the calculation for the increase in difficulty is Math.pow(2,Math.floor(block.number / 10 Continue reading >>

Is It Worth Mining Ethereum In 2018? How Much Can You Make Mining Ethereum? (eth News Today)

Is It Worth Mining Ethereum In 2018? How Much Can You Make Mining Ethereum? (eth News Today)

Is it worth mining Ethereum in 2018? How much can you make mining Ethereum? (ETH News Today) When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 20 times. Therefore, you might think that it would be worth mining. The truth is that you have to look into the cost and thereafter take a call. Ethereum mining involves verifying the Ethereum transactions in order to earn the cryptocurrency. You need to understand that you are basically lending the processing power of your mining rig in order to verify the transactions. As a set number of transactions are verified, you would be able to earn the cryptocurrency. Factors on which the mining of Ethereum depends: There are a few factors which you have to look into while starting the mining operation. Only once you are having the right hardware, you would be able to mine Ethereum profitably. Hash rate is the rate at which a mathematical problem is solved in order to verify the transaction. The higher the hash rate, the better would be the Ethereum mining capability. Ethereum network has been designed in such a way that in any particular instant of time, there can only be a few coins which can be mined. Therefore, the hash rate would keep on increasing and the difficulty level would keep on increasing as well as more miners join the fray. You have to look at the cost of electricity consumption before deciding whether Ethereum mining can be affordable for you or not. In many of the cases, the amount of electricity which is consumed is significantly higher which makes Ethereum mining unprofitable. SEE ALSO: NEM Pric Continue reading >>

Ethereum Price News In 2018: Heres The Latest Update

Ethereum Price News In 2018: Heres The Latest Update

Ethereum price news in 2018: Heres the latest update It has been a rough couple of months for cryptocurrency. From record highs in December to the lows at the beginning of the year, many currencies havent had a very positive trajectory. The latest Ethereum price news in 2018 suggests that the currency has promise, but could honestly go either way. When taking a look at the latest Ethereum price news in 2018, its important to keep the past few months and the rapid rise and fall the majority of virtual coins experienced. Ethereum, like Bitcoin and other major cryptocurrencies, saw massive gains near the end of 2017. Keeping in trend with the rest of the crypto market, the initial Ethereum price news in 2018 saw the value crash quite low inciting panic among investors who had just recently invested during the meteoric rise. While cryptocurrency has a format that makes it easy for pretty much anyone to invest, experienced investors and experts alike are well aware that the Ethereum price news in 2018 could be either extremely positive or extremely negative largely due to the volatility of cryptocurrency by design. As a new investment opportunity based almost purely on speculation, the majority of cryptocurrencies have massive highs and equally devastating lows. While the market has seen an overall climb when compared to the same time last year even with the large crash in the beginning of January the cryptocurrency market saw a major crash just over a month ago from a record high near the end of December. Over the course of a week or two, the market took a steep dive proving that its next to impossible to predict what the Ethereum price news in 2018 will be with any sort of reliable accuracy. While its definitely difficult to extrapolate the Ethereum price news in 2018 for Continue reading >>

Ethereum Mining Difficulty Bomb Steemcreated With Sketch.

Ethereum Mining Difficulty Bomb Steemcreated With Sketch.

in cryptocurrency 2 years ago (edited) The Ethereum Difficulty Time Bomb was planted on the Ethereum Blockchain almost two years ago on 7th of September 2015. The effects of the difficulty bomb would been felt since late 2016 if it wasnt for the implementation of the Hardfork to Homestead version of Ethereum which slowed it down and made it almost unnoticeable until recently. The Time Bomb is designed to increase the difficulty growth rate exponentially with each tick, making it impossible for the miners to keep up. It tick every 1000 blocks mined, adjusting the difficulty acceleration which raises block time and eventually making the Ethereum Blockchain freeze, hence the name Ice Age. Currently it takes about 15 seconds to generate a block. It is expected that by 2025 it will take up to 15 minutes. The effects of the time bomb should be felt at the end of 2017 / early 2018, giving us a few more months of profitable ETH mining. The scope of this difficulty algorithm is to force a transition from proof-of-work (POW) to proof-of-stake (POS) as ETH mining will become less and less profitable. This means that, instead of contributing hashing power to the Ethereum Blockchain and being rewarded for it, you will now require to hold a set number of ETH in a masternode and passively earn ETH. A majority of the ETH supply will be taken out of circulation by the masternode holders which can have a positive impact on the price of ETH. The Metropolis update will add, besides increased security and anonymity for the users with easier Smart Contract programing for the developers, the Casper protocol. This protocol will add the proof-of-stake system, forking the Ethereum Blockchain once again. POW and POS will run hand in hand on the new Blockchain until eventually mining will become Continue reading >>

Ethereum Mining Profit Calculator

Ethereum Mining Profit Calculator

Projections incorporate difficulty growth. Update themining and market parameters below to recalculate all tables andcharts. Bitcoin version . Also, don't miss the interactive charts below. ETHASH Contracts ($2.20 per 100 KH/s per year) Ethereum is a blockchain appplatform and cryptographic currency.This calculator estimates profits from Ethereum mining by forecastingcosts and future market conditions.See the sections below for more details on the methodology.If this calculator helped you earn money, or avoid losing money,then consider making a donation ! All calculations assume that mining begins immediately at the given difficulty.The default starting difficulty is the current network difficulty obtained from etherscan.io .Difficulty is then assumed to increase daily at a rate implied by the specified biweekly rate.For example, the default biweekly growth rate is 6.18%, which was approximately the average biweekly increase starting after the block reward adjustment in October 2017 and ending in January 2018, and this in turn implies a daily increase of 0.429%. The static reward for solving blocks is fixed over time at the given value (which is 3 ETH in January 2018).The USD exchange rate is held fixed, so the assumption is that all ETH revenues are held and exchanged for USD at the end of the time horizon at the given ETH/USD exchange rate.The default exchange rate is the daily volume-weighted average exchange rate obtained from Bitstamp .The default starting difficulty and exchange rate are updated periodically throughout the day.Transaction fees and uncle rewards are not included in the calculations. The default hashrate, cost, and power consumption are based on a GPU mining rig with 4x Radeon RX 470 8GB cards (100 MH/s, $1,680, 560 W).The cost of electricity is ta Continue reading >>

Is It Worth It To Start Mining Ethereum? [december 2017]

Is It Worth It To Start Mining Ethereum? [december 2017]

Its been a while since we updated this series this past summer , but our answer for the Is it worth it? question has remained mostly the same. Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. But recently, Ethereum has boomed to be priced at around $700-$800, which has led to a resurgence in mining interest. So whats the latest answer to this constantly-repeated question in the mining community? Ethereum is becoming even more profitable now after its first huge jump in price over the summer, which has meant even more to become suddenly interested. Especially since Ethereum is currently one of the most profitable coins to mine, its worth considering how the landscape has changed lately. We recommended for two months straight over the summer that people that want to minimize the risks involved with investing in the cryptocurrency space should consider getting into Ethereum mining, but that it might be a bit late in the game to set up a rig considering the many unknowns in the industry. Those that got in early and have remained steadfast in keeping their rigs online since then have made really decent gains, especially if they had many rigs or GPUs to maximize their profits. So back to the question: Is it worth it to start mining? If youre just now hearing about Ethereum and interested in maybe jumping on board, that can be a hard question, and it depends on a lot of different factors. Do you appreciate this guide? Tips welcome! Ethereum:0x51984c8b295e6ee46d0d0fba0fd5548cff632327 Bitcoin:17nveRFLh833mnFjkyk9zaw9oYFudV8UKF Ethereum difficulty update for December 2017 Difficulty moved up steadily throughout the summer (all the way up to 3,000T in mid-October, at which point mining Ethere Continue reading >>

Top 3 Ethereum Project Price Predictions For 2018

Top 3 Ethereum Project Price Predictions For 2018

You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>

Eth Difficulty

Eth Difficulty

Hi, on Novemer 16 I see the ETH difficulty dropped significantly. Will it drop again or it will rise hyperbolic like right now? It was not in November, it was October 16 and no, it will not. It did because it lowered the reward to 3 eth, so in turn the profit was the same as when the difficulty was before the fork, now the profits halved again and soon eth will not be profitable unless eth rises in price again, eth difficulty is rising cause noobs are buying rx 580 for $800 for 5% return but soon will be 2% and then 0%. BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining. Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining. )) My question was, will the difficulty drop again and answer was no. Clear. So how is that "difficulty bomb"? What is that exactly? I thought it is some kind of correction to difficulty to be not so high to allow still miners to mine. Or? The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer. BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR Quote from: Metroid on January 26, 2018, 08:59:28 AM The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer. Well the end of ETH mining will not be the end of the world. What do you think it will do to the price of ETH when mining will not be possible anymore? In the end is supply and demand and eth pos will offer from 3 to 15% return to Continue reading >>

Is Ethereum Mining Profitable In 2018?

Is Ethereum Mining Profitable In 2018?

In this article we will try to figure out the profitability of Ethereum mining As the price of Ethereum isaround $1000 you may be wondering to yourself whether its worthwhile to mine ETH. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. In this article we will try to figure out the profitability of Ethereum mining. There are three important factors to consider: In a word, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network the difficulty increases. The Ethereum mining difficulty had been steadily increasing since the beginning of December with 1,500TH to ~2,500H. EtherscanEthereum Block Difficulty Growth Chart The daily block rewards of ETH have hardly changed since December and it is currently ~20.339 ETH. The hashrate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. Miners with a high hashrate usually come with a high price tag, but they also typically use more electricity as they operate which could further drive your costs up. Average hashrate of ethereum network has increased since December from ~125492GH/s to ~203394GH/s, which is the highest rate of all time at the moment. Etherscan Ethereum Network HashRate Growth Rate 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 Continue reading >>

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig Building an Ethereum mining rig hasnt been worth it for months, and soon they will be completely obsolete. Goodnight, sweet prince. Image: Daniel Oberhaus/Motherboard Back in May I wrote a guide explaining how to build an Ethereum mining rig , a special type of computer that forms the backbone of the Ethereum network and earns ether, the digital currency native to the network, for its owner. Shortly thereafter, Motherboard also made a video documenting this process . Since then, Ive received countless emails from readers inquiring about my mining rig. Ive received three such emails this week. The most common question voiced by these readers is whether or not it is still worth it to build a mining rig. The answer to this question is no. Building an Ethereum mining rig hasnt been worth it for months and a few months from now, mining ether will be completely obsolete. Read More: An Idiot's Guide to Building an Ethereum Mining Rig Arguably, building an Ethereum mining rig wasnt even worth it when I built my machine in May, and many readers let me know this when the article and video first came out. This is somewhat true, but there is a necessary caveat here. Mining ether also wasnt worth it for about the first year and a half of the cryptocurrencys existence. The price of ether hovered around $10 from 2015 until early 2017, when it saw a spike to $25. This was important because it meant the value of the ether being mined was higher than the cost of the electricity that was needed to mine it. In other words, until that point small scale mines were operating at a loss in the belief that the tokens they were mining would someday be worth a lot more money. In hindsight, these early miners were rightthe price of ether has Continue reading >>

Ethereum Mining Profitability In 2018

Ethereum Mining Profitability In 2018

After Bitcoin, Ethereum is the second most popular digital currency in terms of value. With the popularity and increasing value of Ethereum, it is quite clear that Ethereum mining is a trending topic. Before investing in Ethereum mining GPU or mining rig, it is advisable to know how profitable is to mine Ethereum in 2018. Yes, it is profitable. The cryptocurrency can be easily mined with powerful GPUs. Above all, the price of Ethereum is increasing continuously. Therefore, it is profitable to mine Ethereum in 2018. Ethereum has much similarities to Bitcoin , except the two main differences, namely its shift to Proof-of-Stake and Smart Contracts. The coding language of Ethereum helps programmers or developers to prepare smart contracts or programmable money. It is the revolutionary feature in cryptocurrencies and predicts a bright future of digital currencies. By making use of Proof-of-Stake, your wallet/computer stakes the coins possessed by you. For instance, if network has around 1,000 coins and you are staking 100 coins, then you will have 10 percent of coins that are being staked. That means, you will get 10% mining rewards from the Ethereum network. Instead of solving cryptographic problems to get coins, you stake the coins in this method. However, make sure that you verify or confirm the correct transactions. In case, you confirm the wrong one or try to forge a transaction or transactions, then you will surely lose your staked coins in the network. The best part of Proof of Stake mining is it doesnt make use of energy. In this mining method, you lock your coins that makes it secure and you also get to know who get the rewards. There is no need to spend money on electricity or hardware. In order to get mining rewards, all you need to do is own coins before. Basica Continue reading >>

Is Ethereum Mining Profitable In 2018? : Ethermining

Is Ethereum Mining Profitable In 2018? : Ethermining

hypothetical difficulty slope from now until PoS In other words: unless you can predict the future there's no possible way to actually know if it's profitable! I think a lot of people are confused over what profitability really means. Sure everyone knows profit = revenue - cost. However, profitability of mining ETH is not simply "do I mine more ETH than cost of electricity?" This neglects the GPU/HW where it's instrumentally important in both the revenue and the cost. If you're doing it right, the price of the GPU/HW will be at least 2x the cost of the electricity for the whole mining lifespan of the card. Additionally, we'd hope that the final value of the HW is > $0. The logic behind the "more revenue than cost of electricity" definition of profit is like if someone were to say "Give me a million dollars to join my club. The membership entitles you to give me a dollar every day and I'll give you $2. So every day you get 100% profit! Oh also in 6-18 months from now the membership expires. Best club ever" Yeah sure you'll make more revenue than cost per day but overall it was a giant loss. Of course those are greatly exaggerated numbers to establish my point. If you assume all initial purchases of HW are in the past therefore sunk costs and don't want to factor those into the picture when determining if you investment was profitable yes you could naively look at this as "ETH is profitable to mine in 2018!" However what you're really answering is "Is it still wise to continue mining ETH in 2018" The reason this is so important is GPU's are selling out at insane prices now because the masses are seeing that you get way more revenue than cost of electricity. But it's highly possible that at current difficulty trends - even if difficulty plateaus - GPU's bought today will Continue reading >>

The Real Cost Of Mining Ethereum

The Real Cost Of Mining Ethereum

Image Credit: Vitaliy Karimov/Shutterstock Just how profitable is it to mine Ethereum? To properly answer this question, lets start at the beginning: Lets construct a hypothetical mining rig, plug in some reasonable numbers, and come up with a pragmatic analysis of how much you can earn through Ethereum mining. Lets also hold the price of Ethereum static. By removing any profitability from the appreciation of Ethereum from the equation, well be able to correlate the actual rates of return exclusively with hardware, electricity, and any other costs associated with running a mining rig. Our assumption set uses numbers from January of 2018 that you can see below (we have done our best to use reasonable and middle-ground numbers): As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now. We are assuming four GPUs that mine 40 MH/s each. The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1,000 Watts of electricity. The cost of this rig would be approximately $3,000. A reasonable cost of power is approximately 10 cents per kwh. This is below the national average for retail power rates in the U.S. To run a mining rig you will likely pay at least 10 cents per 1,000 watts run for each hour. This means one full day of mining comes with an electricity cost of $2.40. We will also use the block reward and block difficulty from January of 2018 as our base point. And we assume mining with a single rig is only reasonable when working with a mining pool. Some mining pools take up to 10 percent of your earnings, but some of the best only take 1 percent. For that reason, weve pick a modest 1.5 percent. Taking several points across Etherescans historical char Continue reading >>

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