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Ethereum Mining Profitability Reddit

Bitmain Ethereum Asic Miners Confirmed? - Gpumining

Bitmain Ethereum Asic Miners Confirmed? - Gpumining

I'm sure they will release them just in time for the switch to PoS. Maybe all the same guys who bought the X3 will also jump on this. I would imagine the Ethereum group will be watching what happens to Monero over the next few weeks. If it is successful, I believe it would best practice would be to fork. Also anxious to see what happens to Eth when PoS hits. Exciting times! I really just want gpu miners to have an avenue without worry of ASIC's or PoS That's pretty much what happens to GPU miners when POS hits. Yes. What's the VM size on these asics? Couldn't they just require a bigger DAG to invalidate the asics? My understanding is that they have a huge amount of RAM. But it's DDR3 so it's significantly slower. They could potentially change the way the algorithm interacts with the ram in order that faster Ram would be more beneficial. Did they spin up their own DDR3 fab? Just is it can be hard to get older tech like that. Ton's of address lines can make accessing easier, so you could parallel access lots of different chips. Funny I been pointing out the fact that when rumors started about ethash asic, difficulty had been spiking. Got downvoted a bunch. Bitmain had been mining it for a couple months. They will announce soon ship out in June/July. Ethereum devs haven't done shit about it. Can't wait for ethereum to die, a-holes ignored the community and miners. Pos at 1000 coins is absolutely retarded, half a mil just to pos...... Stupid. They should just change algo a bit and develop a masternode system. Poisoning the well doesn't actually work. It was just an idea in an early draft of the whitepaper. If there are Ethereum asics, they are already in operation. I'll borrow someone elses argument of. ... "Profit is down yet difficulty continues to increase." Didn't ethe Continue reading >>

Is Gpu Mining Still Profitable In September 2017? - Ethermining

Is Gpu Mining Still Profitable In September 2017? - Ethermining

Is GPU mining still profitable in September 2017? Hi, I'm new to mining, I've been reading about it for 3 or 4 months. When using a profit calculator, I noticed a few days ago that the profit for each GPU went from $130~140 down to $40~50 in about a month? What's happening? What in the world GPU were you looking at that was going to be getting you $130 a month? Well a month ago Vega 64 was supposed to do 100mh/s. Now not so much, LOL. Probably when he was reading into mining around May - June, the good ol' days. Saw charts for 470 getting 2 months ROI back then. As for profitability I'll keep on mining as long it covers electricity cost We appreciate all new Redditors on /r/EtherMining and want to ensure you have the best resources available to you. Since your account is fairly new, we'd like to remind you about our subreddit's Wiki Guide to Mining . Please take a look through this guide for answers to common questions. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. I remember calculating the profit for RX580's ~29MH/s and ~120W, it was around $130/GPU not so long ago. That was a very brief time when eth exploded, market had corrected. The simple fact is if it's too profitable then difficulty and prices correct so mining stays about the same profitability with blips when coins explode. 18% jump in difficulty overnight on Aug 24th/25th. Difficulty has more than doubled in 2 months off etherscan charts from July 1st (991) to Sept1 (2223). So we are making half of what we were just a couple months ago. We're already looking at moving our systems over to other altcoins. Continue reading >>

Ethereum Mining Profitability Over Time - Ethermining

Ethereum Mining Profitability Over Time - Ethermining

Threw this chart together and it turned out pretty interesting. The negative difficulty change in October was the DAO/ETC hard fork. The time period where seemingly everyone switched to Monero for a couple weeks in April surprisingly doesn't show up on here. Even though the profitability has gone back down to pre-price-skyrocket levels, the difficulty is still increasing a bit faster than it was back then. Credit for the data goes to Etherscan.io, which made this super easy. Edit 2: Thought I would specify the units. Price is in dollars, difficulty is in Terahashes, Profitability is Price/Difficulty*2000, and Difficulty Change is the difference between 30-day moving averages, multiplied by 60. This what as an electricity price? Would be nice to see revenue up on that chart too for a more fair comparison. Oh this wasn't taking into account electricity cost or power consumption at all. One "Profitability" unit on this graph comes out to $0.000216 revenue / day / MH/s. Yes. Electricity costs vary too much by region and GPU. Why is profitability calculated that way? Trying to figure out how one would interpret that. Price/Difficulty is proportional to how much money you'd be making if you sold your ETH immediately. I just multiplied it by 2000 so the line was visible on the chart. Edit: Price * hashrate * block reward / difficulty * 60 * 60 * 24 = $/day. ie $250/ETH * 1 MH/s * 5 ETH/block / 1585 TH / block * 60s/min * 60min/h * 24h/day = 0.068 $/day for 1 MH/s right now. Edit 2: The Profitability units on the graph would be in $0.000216 / day / MH/s where did you find the block rewards data? I looked at etherscan charts and could only find daily supply, block counts per day and uncle counts. ether supply: blocks: Oh that's a good point, I didn't take into account uncles or 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 >>

Mining And Profitability. - Ethereum

Mining And Profitability. - Ethereum

Hey, so I was wondering what I should use to mine ethereum program wise. I have an 8gb MSI Gaming X RX480. What program should I use and how much should I stand to make from it 24/7? Let's say that electricity costs won't be taken into account. You'll probably make $4-5 a day. Currently digibyte can double that. At least with my GTX1080. I'm mining that and shifting it to Eth. So a GTX can mine $10/day and they only cost $500? What mining software do you use? I've heard of some that can auto-switch between currencies depending on which is more profitable. He uses CG miner. As in the earlier comments. I use CC Miner on a GTX1080. It gets about 500 coins per 24 hours and the current price is 0.02c per coin. My GTX1080 manages about 3 a day on Eth mining. I can manage 7 mining digibyte. I then convert this to Ethereum. Is there an easy way to figure out what coin is the most profitable for this process during any given month? How do you mine digibyte? What program do you use? I use CCMiner but AMD should use CGMiner. Click the getting started part, download the program, make an account and fill in the .bat file. Then run it! I'm not 100% sure on how efficient an AMD card is using the different algorithms. So maybe do some breif calculations between the Skein one (linked) and the 4 other algorithms listed on the left hand side. I get approx 500 coins per day with my GTX1080. I have no idea how an AMD card performs. Maybe Eth is still more profitable? No idea but worth a look as it's more profitable to mine that and convert. Also you'll need a wallet. Instead of syncing the whole blockchain. Look at Coinomi on your mobile phone. I think rx480/70 make ~$107 profit a month on eth. In the getting started link, theres an example execution line - I'm not quite sure how to link t Continue reading >>

Will Crypto Mining Be Profitable In 2018?

Will Crypto Mining Be Profitable In 2018?

Will Crypto Mining be Profitable in 2018? Will Crypto Mining be Profitable in 2018? Crypto mining, including bitcoin mining, ethereum mining, ASIC mining, and GPU mining has continued to be a very popular topic for people interested in side hustles and entrepreneurial ventures. One of my most popular 2017 articles was Is Crypto Mining a Profitable Side Hustle? which evaluated whether or notwas effective, profitable side hustle and passive income stream. When I started, back in early 2017, I had a lot of skepticism about the long-term potential, but fortunately my dabbling has paid off tremendously. And it has satisfied my inner geek. Ethereum mining has been my major focus, so this post will come primarily from that frame of reference. And this will give away my slantbut let me just say that I have continued to cautiously buy mining gear over the course of 2017 and still into the start of 2018. What has changed in crypto mining since 2017? In my original post Is Crypto Mining a Profitable Side Hustle? I discuss the details of a few factors that have the potential to derail mining profitability. Those include: Network difficulty increases : supply and demand of mining and planned reductions in mining effectiveness Price changes : if price of the currency drops, your profitability drops Proof of Stake : Ethereum and other coins will eventually switch to a model that does not require mining in its current state See a deeper dive of these risks in my post here: What are the risks of mining Ethereum ? First, there have indeed been network difficulty increases ( see this chart ). However, that difficulty has been offset by the massive price increases of Ethereum. Last, although Proof of Stake will eventually hit, there are manymanyother coins to mine, and the date for PoS is Continue reading >>

Profitability Of Ethereum Mining Is Already Dropping (was 5 $ Just 3 Weeks Ago With Same Settings) Expect Tons Of Cheap Gpu's Flooding The Market Soon. : Amd

Profitability Of Ethereum Mining Is Already Dropping (was 5 $ Just 3 Weeks Ago With Same Settings) Expect Tons Of Cheap Gpu's Flooding The Market Soon. : Amd

Welcome to /r/AMD ! In this subreddit, we discuss and share news, rumors, ideas, and knowledge relating to AMD, their hardware and software products, and the silicon industry. Please note that this subreddit is community run and does not represent AMD unless otherwise specified. Rule 1: Tech support questions are only allowed in tech support megathreads and must instead be posted at /r/AMDHelp or /r/techsupport . Any other tech support posts will be removed at moderator discretion. Rule 2: No referral links, including Amazon! Product links are fine, affiliate or referral links that benefit you are not. Rule 3: Be civil and obey reddiquette. Please remember that behind every poster is a human. This means no brigade incitements, personal attacks, etc. Rule 4: Use of slurs of any kind, racial, homophobic, or whatever will result in a ban. This includes derogatory comments such as "retard". There's no need for petty insults on this sub. Rule 5: All posts must be related to AMD or AMD products. Example of okay: RX480 vs 1060. Not okay: GTX 1060 vs 1080. Rule 6: No religion/politics! There are plenty of other places for that. Rule 7: Use original sources. Copypasta articles sourced from other websites are not allowed. Quotes are fine, but pasting the entire article in a textpost is not. Original articles are always better than a reddit textpost. Rule 8: Shitposts, memes, and plain box pictures are not allowed as linkposts (you can still include them within normal posts or comments). Visit /r/AyyMD for dank shitposts and memes. Strawpolls are not allowed. Rule 9: The moderators of /r/AMD reserve the right to allow posts or comments that could technically break rules #1 (tech support) or #8 (no memes), when a situation has arisen where the post is especially necessary, funny, Continue reading >>

Newcomers: Stop Using A Basic Ethereum Mining Profitability Calculator. : Ethermining

Newcomers: Stop Using A Basic Ethereum Mining Profitability Calculator. : Ethermining

Awesome! I'm going to be making $900 a month, and better yet I'll be making $10,000+ dollars a year. Sadly, this is a naive projection. If we use another service for mining projections such as MyCryptoBuddy's Ethereum Mining Calculator ( ) We see that this is a more realistic projection of future profit because it accounts for the increase in difficulty. Using this calculator, with the same hash rate previously stated my return profit drastically changes: As you can monthly profits reduce by near 1/3 every month with estimated total profits plateauing at $2750 around 6 months. A far cry from the $10,000 I was predicted to make. Sadly, this is barely enough money to pay for the rig I built for mining! So if you're looking for a way to pay off some new gaming GPUs, you could technically mine them for a few months to pay them off, but if you're expecting to become an Ether millionaire, and you don't have a massive operation already--it's probably a pipe dream. TLDR: You probably aren't going to make the money you projected if you just bought your GPUs last week at 2.5x their value. Continue reading >>

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Be specific with your title. Posts with titles such as "Mining Advice" or "ASUS GTX1070?" will be removed. Please retitle. Asking about general ROI / "Is Mining Worth It?" posts will be removed unless it hasn't been asked in a while, generally a week or two, at the descretion of moderators. Same as #2 for asking general "What Should I Mine?" See sidebar for links, including profitability calculator(s). Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link first. If your question is easily answered there then your question will be removed. All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: GPU, mobo, PSU, OS, risers, mining software, overclocking specs. No selling of your used equipment is permitted. See Simple Questions Thread. Do not just post a list of components asking for suggestions. Do not just give a budget asking for suggestions. If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. You will otherwise be banned for supposed shilling at the descretion of moderators. Please do your own legwork before looking for handouts. We are a helpful community but are not the place for hand-holding new miners through every step of the process. See the multitude of intro guides for that. Similarly, simple questions belong in the "Simple Questions" monthly thread. As always, keep posts professional and civil. Extensive trolling, profanities and trash posts will not be tolerated. Continue reading >>

How To: Calculate Mining Profits 2017/18

How To: Calculate Mining Profits 2017/18

If youve ever heard of cryptocurrencies, youve probably heard of mining. The sole reason most cryptocurrencies can function is due to mining. Without miners, the blockchain cant be validated every time someone wants to make a transaction. If the blockchain doesnt get validated, there is simply no way to know which transaction is legitimate and which is not. Becoming a miner doesnt come without reward, however. There are two things which your reward is based off of. For example, whenever you decide to send some Bitcoin, Ether, or whatever other currency youre using, youve probably noticed the added fee, which can either be listed as a transaction or a mining fee depending on your wallet. This fee gets tacked on to whichever miner cracks the code and completes the block. Though this reward is quite minuscule, the real treat is the block reward, which for Bitcoin is 12.5 Bitcoin equal to an astounding $48,314 USD! One of the benefits in investing a couple hundred, or a thousand into a mining computer instead of into the currency you are eventually going to mine, is the fact that in the very unlikely event that the headline in the morning is United Nations Ban All Forms Of Digital Currencies,you can still sell your mining computer. At a loss nonetheless, but its still better than nothing. However, if you invested that amount into a currency instead, that currency will most likely be worth nothing. Although there still is the chance that the currency goes up by 100% overnight, leaving you in the dust with a mere mining rig. Another benefit is that in case the currency you are mining drops in value, you can easily swap to another coin and regain your profits that way. Take Ethereum for example. One year ago and with a small mining operation, it was very easy to mine 1 or 2 E Continue reading >>

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin Stories Shared By Redditors

5 Awesome Bitcoin stories shared by Redditors Last updated on October 13th, 2017 at 06:19 pm The internet is a great source of amazing stories, and Redditsr/Bitcoin is not an exception. Over the past few years, several Redditors and Bitcoiners took to the social platform to share their stories and experiencesaboutdiscovering, buying and selling cryptocurrency.Some of them won big, some of them lost a lot, but they all learned something. 1. Bitcoin as the cure for depression and anxiety A few years ago, Redditor Daurgothothwas depressed, anxious and borderline paranoid. A heavy interest in politics and economics combined with a public education will do that to people these days. All through the public education machine I wondered Why are they doing things this way? I mean it is the 21st century and we live in the richest country in the world. Then Bitcoin was born, but Daurgothoth didnt really understand the cryptocurrencys potential at the time. However, Bitcoin eventually conquered this Redditor: If you truly believe in the core principles of Bitcoin then the free market must be pretty darn important to you. If you believe like I do that the free market is the most powerful than there will be no need for violence of any kind. Our product is vastly superior to anything else on the market today and it can adapt as fast as we need it to, so we will win. This Bitcoiner then revealed he was planning to become fiat free by 1st January 2015. It is time for me to embrace plan B. Yesterday I announced my intention to completely cut myself off from the fiat money system by January 1st, 2015. I will get paid in Bitcoins, I will pay my bills in Bitcoins. I will invest in Bitcoins and I will secure my own Bitcoin investments. I first got in to Bitcoin in 2012. One Bitcoin was wort Continue reading >>

Mining Is Profitable If You're Not Just Mining Eth. - Ethermining

Mining Is Profitable If You're Not Just Mining Eth. - Ethermining

Mining is profitable if you're not just mining ETH. Hello, i started my crypto adventure around June of this year. I invested around $48,000 on mining rigs. So far i've gathered about $18,000(Eth valued at 300) give or take mining ETH. At this point i didn't really dive into the crypto world. I just thought ETH was gold. Until i started joining discord groups, forums, etc. I stumbled upon a coin about 7ish weeks ago called "Signatum" you might of heard of it. Lucky for me i got in pretty early.. around 3 cents and even kept mining it while it hit 1 cent. It reached a high of 14-15 cents if im not mistaken. I made a tidy profit of $8,000 or so in a span of 13 days. So im up $26,000 at this point. I also got into a coin called Monero while it was still heavily undervalued at $50 dollars. As we all know it peaked around $165. I made close too $10,000 on this coin. I also invested in Antshare(NEO) at around $5-15. Also got into DNT at 5 cents.I accumulated $50,000(When BTC was around $4600) in those 3 months. Which i have cashed out half of those earnings before the big crash. Guess what? My biggest earnings by far we're coins i mined not the ones i traded. So please stop telling everyone mining isn't profitable because its just not true :) tldr; Mine a coin that seems undervalued. Even tho its not the most profitable at its current state and obviously research it first. Continue reading >>

Ethermining

Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Use of this site constitutes acceptance of our User Agreement and Privacy Policy . 2017 reddit inc. All rights reserved. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. Rendered by PID 113022 on app-239 at 2017-12-14 09:04:44.521872+00:00 running 23f3124 country code: US. Continue reading >>

75 Days Into My Mining Operation, Here's My Profitability Analysis And Thoughts On Ethereum Mining, With Future Projections And Price Analysis. : Ethermining

75 Days Into My Mining Operation, Here's My Profitability Analysis And Thoughts On Ethereum Mining, With Future Projections And Price Analysis. : Ethermining

It's hard to look at the equation and say "$80 a month", that part is so hard to know - actually impossible to know. Do you want me to use .25 ETH / month production as of right now and scale it forward? The key piece of data I need is back-data on the rig, or if I can't know the actual last couple periods of payouts from the rig, then I at least need to know the ETH production/payout frequency today (or your best guess at would it would be today), then I could give you more results. That electricity cost is pretty high, do you know the power consumption of the rig? you might estimate it uses 600 watts with 3 GPUs or something like that, so that will be 14.4 KW per day, at your price of $0.19 your cost will be $2.74 in power per day, that's expensive, if you intend to stay in this long term you might do better with more power conservative cards. See what you can find. Let me know if you have a running example of a rig with payout frequency though! Power sure isn't free, but it's within the margins right now. It's a great time for miners, CryptoNight also is extremely AMD friendly and profitable right now. Old (5xxx, 6xxx series) cards with enough memory bandwidth (GDDR5) can do at least 250 h/s, many even higher and for a very old video card that's pretty good. A 7700k CPU does about 350 h/s in comparison, so I've got some oldies cooking away. Getting old motherboards with a old core2duo and 4 gigs of ram for $20-40 is pretty easy, the power supplies and the risers you have to keep track of and hope your PCI-e splitter works. I think someone could build a 1500-2000h/s Cryptonight rig for under $250 and with new power supplies (750w x 2 or 750x1 + 550x1) right now. It'd take 2-3 570s/580s to best it. New would win out on power, I'll agree, but you can get these old card Continue reading >>

Ethereum Classic Mining Now Very Profitable ... : Ethereumclassic

Ethereum Classic Mining Now Very Profitable ... : Ethereumclassic

Ethereum Classic is an open blockchain that all are welcome and free to use. We believe in distributed ownership. We believe that for a blockchain to succeed it must be decentralized in network, technology, community, and leadership. There is no group that can take away your right to use ETC how you choose. On many blockchains, despite their "decentralization", a small few hold the ability to change how your contracts work and control your money. On ETC we have taken great care to distribute our blockchain stewardship such that no one group controls ETC. Our highly decentralized ecosystem means that ETC does not have the same centralization issues of other blockchains. Continue reading >>

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