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Ethereum Mining July 2017

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Whattomine - Crypto Coins Mining Profit Calculator Compared To Ethereum

Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum. Please note that calculations are based on mean values, therefore your final results may vary. For best results fill all fields with your hash rate and power consumption. Input Groestl hash rate, not Myriad-Groestl. Default values are adapted for three 480 cards. Continue reading >>

2 Answers - Is Mining Ether Still Profitable? It's July 10th, 2017. - Quora

2 Answers - Is Mining Ether Still Profitable? It's July 10th, 2017. - Quora

Is mining Ether still profitable? It's July 10th, 2017. Build online business w/ Shopify. No hassle, just start selling. Shopify has all that you need. Trusted by over 500,000 businesses. Start your 14-day free trial today! I posted a great dive into this around June. You can read it here: Is Crypto Mining a Profitable Side Hustle? One rig was netting me almost $1000 per month then. Now, its only at about $130. Difficulty has changed. The currency price has also changed. The best way to figure current profitability is to go to whattomine . There you can enter the hardware you want to buy and your cost for electricity. Itll calculate current profitability. The real question to ask yourself is should I just buy Eth or should I mine it? Almost any way you look at it, the number favor buying. So if you go the mining route, consider other factorssuch as: Do you enjoy it? Does it cause your to constantly build your crypto portfolio in a way you wouldnt otherwise? It would probably be more profitable to sell all my gear now, but I enjoy it and this is a way for me to consistently build up my portfolio. Also, if prices see another jump up, we could potentially be exceptionally profitable again. Who knowsthere are a lot of risks and variables that make your question complicated to answer. Continue reading >>

Ethereum Mining Guide For All Operating Systems

Ethereum Mining Guide For All Operating Systems

BestVPN Guides Ethereum Mining Guide for all Operating Systems Ethereum Mining Guide for all Operating Systems Ethereum mining can be difficult, I know! In this guide, Ive covered everything from the bottom up so whether youre a beginner or a pro you should be able to glean some useful insight and learn something new. It doesnt matter if youre planning to do mining using Linux, ethOS or Windows. Ive made sure to cover the steps for each. You will also find some great tips, tricks, optimizations, and solutions to common troubleshooting issues. If you dont have time to read all of it today, then bookmark this page, or sign up to our email list and receive it as a free ebook! Ethereum is an open blockchain platform similar to Bitcoin but with additional in-built flexibilities. With Ethereum, the blockchain can be considered to be intelligent thanks to the Ethereum Virtual Machine and Smart Contracts. Whereas with Bitcoin its a glorified ledger. With Ethereum you can execute code on the blockchain in a distributed way. These are called Smart Contracts. These allow you to set up a system, whereby a person will only receive payment under certain conditions. As Ethereum grows, the scale and complexities of these contracts are expected to increase. Smart Contracts is what has given Ethereum such a solid footing, as like with the blockchain has a functional use. If youre interested in about how Ethereum came about and wanted to find out more about it, then watch this YouTube video by COO, Stephan Tual . Before you determine if you should go on your Ethereum mining adventure; youll need to decide whether its going to be profitable or not. While, on the surface, this is incredibly easy, as Ill show below, you must be aware that mining is very much like trading. Cryptocurrency pri Continue reading >>

Ethereum May Reduce Mining Reward And Inflation By 40%

Ethereum May Reduce Mining Reward And Inflation By 40%

Ethereum May Reduce Mining Reward and Inflation by 40% Ethereum developers are considering splitting the next big upgrade, Metropolis, into two hardforks, with the first hardfork expected sometime in September. That hardfork may reduce mining reward, and thus inflation, by around 40%, from 5 eth per block to 3 eth per block, while at the same time delaying what is called a difficulty bomb as Casper is not yet quite ready. The difficulty bomb is an automatic increase of ethereums mining difficult which has the effect of increasing block times withHudson Jameson, an ethereum developer, estimating they would rise to 45 second per block by November from what used to be around 15 seconds. That difficulty/time bomb was place in there to give miners no choice during the Proof of Stake upgrade known as Casper, but that has apparently been delayed. As such, the developers are proposing that the difficult bomb is delayed too, but to keep mining reward somewhat in line with what it would have been had the difficulty bomb proceeded, they are proposing to reduce block rewards from 5 to 3. The proposal appears popular, not least because if demand remains the same then a reduced supply may lead to a price increase, but some are concerned about the interference with fundamental parameters. Moreover, miners will need to upgrade and if they fail to do so it may lead to another chain-split. But if the proposal is indeed popular, then most eth users will probably value the reduced block reward chain higher. In any event, as a price rise to compensate for the reduced supply should be expected, it may be the case that miners are not actually affected by the change. Which raises the question of why do it at all, with the main reason appearing to be concerns over an increased miners power due Continue reading >>

Bitcoin's Price Surge Is Making Hobby Mining Profitable Again - Coindesk

Bitcoin's Price Surge Is Making Hobby Mining Profitable Again - Coindesk

Bitcoin's Price Surge is Making Hobby Mining Profitable Again Roque Solis never imagined the bitcoin mining equipment he bought in Februarywould have already paid for itself. And on top of that, made him money. Solis is the president of SoliSYSTEMS Corp, a company that developed an EMV smart card for electronic benefit transfer for the federal assistance program, Women, Infants, and Children (WIC). While attending several conferences last year, Solis was unable to ignore bitcoin. So, he decided to experiment with the technology via mining to get a better handle on whether the technology could be used within his company. Solis bought aBitmain Antminer S9 on eBay for $2,400. As of this weekend, Solis has mined 1.01 BTC, worth a little more than $2,584 in his bitcoin wallet. "When I bought the miner, the price per bitcoin was around $1,200. I thought Id break even in one year, but actually its been about five months." These gains, though, are particularly interesting in that, even last year, individual hobby mining wasn't profitable anymore. Individuals with just one or two miners couldn't compete with the companiesmining bitcoin using large warehouses full of servers dedicated tothe task (and seeing lucrative returns as the price rose). But that was with the price below $600, which, with electricity costs and mining pool fees, would take a person more than 500 days to break even on their bitcoin miner investment. With an increased awareness and usage of mining pools,and the price now farhigher, hobby miners as Solis' experience shows can break even in several months. According to Solis, the amount of money hes making per day with the miner jumped from $7 to $16 recently, as the price shot up. And to bitcoin's enthusiasts this is evidence that the increase really does ben Continue reading >>

Expect My Ethereum Mining Guide Next Week!

Expect My Ethereum Mining Guide Next Week!

Expect my Ethereum mining guide next week! March 30, 2017 CryptoBadger 2 Comments My ridiculous 8-GPU mining frame with a couple lonely Radeon RX 470 cards, mining ethereum. Look what Ive been up to todaythe UPS guy dropped off some new hardware to play with! Unfortunately its not everything I that was hoping for (the popular 6+ GPU mining motherboards I mentioned in a recent post are sold out everywhere), but its enough to get started with. Im already up and mining ETH on a couple RX 470 GPUs under the latest LTS release of Xubuntu.Still lots of optimization to do, but the process was a lot less painful than my first experience with litecoin mining back in 2013. Im celebrating a friends wedding out of town this weekend, but Ill be back next week. Look for the first sectionsof mydetailed Ethereum mining guide then! Posted in: Mining Tags: ethereum , mining 2 Responses to Expect my Ethereum mining guide next week! The time to mine ETH was 18 months ago, u do realise ETH will be switching to PoS in the near future. GPU mining never stopped being profitable, u have missed the best times to mine, the market is becoming over-saturated with miners at the moment, I doubt it will be profitable for much longer. Nvidia is better for mining by the way, its all about the GTX1070! No disagreement that you would have done really well if youd started mining ETH 18 months ago, much like the people who were mining BTC in 2009. But just because you didnt get in on day one doesnt necessarily mean that it doesnt make sense to jump in now. I have a lot of friends that started mining BTC with me in 2012 (3 years late to the party!) and we all did extremely well. A rig with six RX 470 GPUs makes conservatively nearly $300/month mining ETH at todays difficulty and price . Thats already pretty Continue reading >>

The Day I Became An Ethereum Miner

The Day I Became An Ethereum Miner

Zohar Hod , 20 Jul 2017 - Ethereum , Mining , Opinion Before joining truePTS as CEO, Zohar Hod was Global Head of Technology and Data Sales for Intercontinental Exchange (ICE) Data Services following an illustrious 20-year career in the industry which also includes senior positions at IBM, BearingPoint, and SuperDerivatives. Much has been written about cryptocurrencies and Blockchain, the technology behind them. For the purpose of this blog, I will assume that the readers have educated themselves on the related terminology. I decided to dive into an area that has piqued my interest lately, which is Ethereum . A born skeptic, I was completely dubious of the Ethereum concept, and thats because I never really understood it. I thought it was just another cryptocurrency in the high-tech wild west, full of gunslingers and no real potential for enterprise software applications. But after investing some time and doing my research in this area, I AM HOOKED! There are basically two layers to Ethereum (please forgive me for simplifying this subject). First is the initial attempt to create one global distributed computing system. Similar to the Internet, which is a global distributed communication platform (and do we really know who hosts it?), Ethereum uses the power of potentially millions of computers around the world that help increase computing and processing power, which might end the need for your own server and data center ... and this could be huge! Second, Ethereum has created a pricing system, if you will, manifested by tokens that assign a value to different functions. This token system provides compensation for helping to increase processing power or a token can be given as an award for preforming various tasks. As a result, this allows any process or product to creat Continue reading >>

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

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

Is it worth it to start mining Ethereum? [July 2017] Is it worth it to start mining Ethereum? [July 2017] Thats the constantly-repeated question in the mining community when a coin is starting to become profitable. Ethereum this year, for example, saw a big jump in price, which has led lots of people who would have otherwise not thought twice about cryptocurrency to become suddenly interested. Especialy in the months of May and June of this year, there was an insane influx of new miners as the currency saw its first large price bubble. When this happens, though, most of the biggest profits (at least for that bubble) have already been made. People had been mining the coin for months or years prior, and they certainly saw some decent gains, especially if they had a decently-sized holding. For many, their entire wallet of Ether jumped 10x or 20x or 30x its value. 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. Difficulty has continued slowly but steadily rising since our last update at the beginning of June , and with the recent dip in price, has finally begun to level off. But a leveling difficulty doesnt mean that right now is the best time to get into Ethereum mining. In fact, it might mean the opposite. Heres the current chart from Coinwarz: For those unfamiliar with how mining works, this is basically the rate at which you will see rewards for the amount of energy your GPU puts into mining the coin. The same amount of energy (or time the GPU is running, in this case) put in a couple months ago would have given the miner far more return than today. As we go into the middle of July 2017, Ethereums difficu Continue reading >>

Is It Worth It To Start Mining Ethereum? [june 2017] : Ethermining

Is It Worth It To Start Mining Ethereum? [june 2017] : Ethermining

Yup go look on whattomine there are literally tons of profitable coins out there to mine. Cryptocurrency as a whole is just starting to gain mainstream appeal and with that I really think it will boom. Ethereum really has made it show that crypto can be more than just a currency. We're only starting to see the potential. I really hope more miners and people investing can see crypto for what it is in the long term and not just some quick cash grab. Continue reading >>

Small-scale Ethereum Miners Are Selling Their Amd, Nvidia Gpus

Small-scale Ethereum Miners Are Selling Their Amd, Nvidia Gpus

Small-Scale Ethereum Miners Are Selling Their AMD, Nvidia GPUs Join our community of 10 000 traders on Hacked.com for just $39 per month. This year Ethereums price surged, so much so the cryptocurrency reached an all-time high of over $400 , and that led various cryptocurrency enthusiasts to purchase AMD and Nvidia GPUs in early June, as new small-scale cryptocurrency mining operations started to appear. Demand was so high it led to a GPU shortage . According to a report from RBC Capital Markets , the growing mining market led to $100 million worth of GPU sales for Nvidia, in only 11 days. These sales then motivated investors to get in on the craze, and both Nvidia and AMDs stocks started to surge. In late June CNBCs Jim Cramer, as reported by CCN, loathed investors for doing this as, according to the TV commentator, the cryptocurrencys growth wasnt sustainable. At the time one Ether token was worth $334.79. The tokens value soon fell to a low of $134.21 this month and, at press time, one token is worth $222.04. The price somewhat recovered, but its now too low for some small-scale miners to make a profit, considering other factors. As such, some are now selling their GPUs. Motherboard searched for Ethereum mining rigs sold on eBay and found that the number of sales has been growing. There were 57 completed sales in May, 125 in June, and there are nearly 300 in July so far. At press time, there are 534 search results for Ethereum Mining Rig on the marketplace. The number of popular GPUs for sale on the market is now higher than expected. One could think the motive behind the surge is growing interest in the cryptocurrency, but sellers contacted by Motherboard claimed mining just isnt profitable. One told Motherboard he used his graphics card to mine Ethereum for about Continue reading >>

To Mine Or Buy Ethereum/zcash/monero In 2018

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 >>

Cryptocurrency Mining Strategies And What I Am Mining Sept 2017

Cryptocurrency Mining Strategies And What I Am Mining Sept 2017

In your Level 2 Mine Hold, when and how do you define the base price to act on your currency multipliers in trading to BTC? Well, when I mine something I usually try to also buy some to get me jumpstarted and care about it a little more. And a lot of times they bounce up and down in price for a while. For example, Ive mined a bit of MUE, mostly when it was around the $0.14 value. And I bought more to run a couple masternodes. So thats my base price. Its not an exact science.and I could probably do a better job tracking everything to maximize my returns. How do yo see the recent crackdown by the China gov. On Bitcoin? Along with the (Jackbooted, Neo fascist propaganda driven false proclamation ) made by Wall streets Slimmest, ConArtist, criminal, Jaime Dimond, about anyone in his criminal organization not touching crypto? Personally, I see it as a, BIG +++ Especially For the long term. All Ive heard from most people was theres no money in mining Bitcoin, with the much cheaper price of electricity in China they are dominating the mining of Bitcoin. I see the states crackdown as a + now it is instantly freed from that type of negative excuse and can be minied more world wide, -1 nation. + Im Glad Jamie Puke Face, Dimond said it on the same news cycle, while no one is listening to that criminal anyway. Hes done nothing but try to destroy main st., America, & the free market, and all Americans way of life, so he can steal all the toys. He has few if any fans out in the real world, if I hear him say hold, Im selling, & vice versa. Hes a lying bag of pig shit. I see his attempt to futher harm cryptos, as a rally cry for all miners vacuuming money out of his pockets by the hashrate. Whats your thoughts on the latest? PS: all Ive heard, over & over is how the Chinese Billioniar Continue reading >>

Ethereum Price Crash 16/07/2017

Ethereum Price Crash 16/07/2017

Dont panic! Actually maybe panic if you invested into ETH with real cash when it was peaking Sorry I tend to watch the daily price of ETH and couldnt help but freak out at the price drop over a two week period. When I started mining, ETH was valued at around 300 ($400ish). And then shortly after that crypto currency in general took a hit, well Bitcoin, which then tends to affect every other crpyto currency out there. So today (1.30PM BST 16/07/2017) the price of ETH is 110 and the price is still slumping. This shouldnt upset passive miners (like us), whove only invested into a bunch of rigs. Actually this shouldnt upset any miner, as long as whatever youre mining is still breaking even with electrical cost in mind (my view anyway). That being said, most of the miners getting into ETH pretty late arent going to break even for a very long time when taking the initial cost of their mining rigs into consideration. With the current climate, its going to take around 1 year to pay for my rigs with the profit. I wonder what kind of strategy you guys are using? Me for example, Im going to keep mining with the view that if Im still making a profit (excluding cost of rig), then Im game. Ill let the rigs churn away. The worst case scenario if mining ETH turns into a loss (i.e. cant even pay for electricity cost), then jump ship to another coin. Which coin though? Most people are mining ZEC (Zcash) but you should use the NiceHash benchmark feature to figure out which coin will generate the most amount of money. My rigs for example, even with this slump in ETH, Im sticking to ETH since its the most profitable out of the lot. Stay tuned and lets ride the waves until the bears disappear. Continue reading >>

Ethereum Mining Difficulty Exploded Over The Past Three Months

Ethereum Mining Difficulty Exploded Over The Past Three Months

Ethereum Mining Difficulty Exploded Over the Past Three Months Ethereum Mining Difficulty Exploded Over the Past Three Months The Ethereum mining difficulty has increasedby leaps and bounds over the past few months. With more and more people looking to mine cryptocurrency and Ether specifically it is normal to see this trend emerging. Unfortunately, this does not bode well for Ethereum miners, as it will require more powerful hardware to mine every time the difficulty increases. Ethereum Mining Difficulty Reaches All-Time High The downside to any proof-of-work-based cryptocurrency system is how the mining difficulty affects the entire network. Miners provide an important service to any cryptocurrency requiring hashpower to maintain its stability. More people mining on the network means the entire ecosystem is protected better. In exchange for their hashpower, miners receive an incentive known as the block reward . This is the same for any currency which still supports mining at its current stage. For Ethereum users, mining the cryptocurrency seemed pretty appealing just a few weeks ago. When the Ether price briefly hit US$400, a lot of people made the conscious decision to effectively invest in ETH mining equipment. For most people, this meant buying up a lot of graphics cards , as there are no ASIC miners for Ethereum nor will there ever be any, especially when keeping the difficulty bomb in mind. For those unaware, Ethereum will switch to proof-of-stake at some point in the future. It is impossible to deny thatthe Ethereum mining difficulty has evolved over these past few months. In January of 2017, the difficulty was just below 100 TH/second, according to Etherscan, and had been rising gradually since January of 2016. However, things really started to pick up speed Continue reading >>

Ethereum Mining Bomb (probably Only 6 More Months Of Eth Mining Left)

Ethereum Mining Bomb (probably Only 6 More Months Of Eth Mining Left)

Ethereum Mining Bomb (Probably only 6 more months of ETH mining left) On Stackexchange I found a great analysis of the Difficulty bomb that was adjusted in the Homestead release. As you can see in the chart, even if people stop adding GPUs to the network today, it will make it very difficult to mine in about a year. Right now with 14 second blocktimes we make very little, imagine blocktimes of 5 minutes. Also this is assuming static difficulty, most likely the difficulty will keep doubling every 2-3 months which will bring the blocktime to a few minutes sometime at the end of the year. The author posted the python script, so if someone is good at programming they might be able to recalculate the result using todays difficulty of 42T and with the exponential difficulty increase with GPUs being added to the market. Looks like the 2GB GPUs will be able to outlast this so there is basically no point in buying GPUs bigger than 2GB. Difficulty on 2016-06-03 is 35.15 T and average blocktime is 14.99 seconds. Difficulty on 2016-07-07 is 35.18 T and average blocktime is 15.00 seconds. Difficulty on 2016-08-02 is 35.25 T and average blocktime is 15.03 seconds. Difficulty on 2016-09-06 is 35.56 T and average blocktime is 15.16 seconds. Difficulty on 2016-10-02 is 36.40 T and average blocktime is 15.52 seconds. Difficulty on 2016-11-06 is 40.17 T and average blocktime is 17.13 seconds. Difficulty on 2016-12-02 is 48.56 T and average blocktime is 20.71 seconds. Difficulty on 2017-01-05 is 88.83 T and average blocktime is 37.88 seconds. Blocktime over one minute in January 2017 Difficulty on 2017-02-09 is 249.8 T and average blocktime is 106.5 seconds. Difficulty on 2017-03-07 is 679.3 T and average blocktime is 4.829 minutes. Difficulty on 2017-04-02 is 1.753 P and average blocktim Continue reading >>

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