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Ethereum Mining Rig 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] 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 >>

Build Your Own Ethereummining Rig, Part 1: Hardware

Build Your Own Ethereummining Rig, Part 1: Hardware

April 06, 2017 CryptoBadger 286 Comments My open-frame GPU testbed, mining Ethereum on a couple Radeon RX 470 video cards. Its finally time for an update to my popular 2013 Litecoin mining guide ! Itsfour years later, and Ethereum mining is where its at for GPU miners, so thats what Ive focused on.Ive kept the same format and detail levelas my old guide, so if you were around back then, youll know what to expect. If youre new to the world of crytocurrency mining, this guide should give even an absolute beginner all of the knowledge neededto put together an efficient Ethereum (or other GPU-minable altcoin) mining rig using readily-available consumer hardware. This guide will be broken into several parts, each focusing on a different aspect of building your first mining rig. First, lets take a look at what youll need in terms of hardware to put a respectable Ethereum miner together. Build your own EthereumMining Rig, part 1: Hardware Here is the list of hardware that I recommend. Dont worry if youre not able to get exactly whats on this list, I provide some excellent alternatives below the table. 1 x build your own (see bottom) -or- open frame case Some explanations and alternatives for each item: Generally, any motherboard with PCIe slots on it is suitable for miningtypically one GPU per PCIe slot. The PCIe slots dont need to be full-length, as we can attach GPUs to 1x slots with the help of risers.With that said, there arepotentially some limitations when you start to pack a large number (4+) of GPUs onto one motherboard, even if that board has enough PCIe slots to physically accommodate them. Thats why picking a suitable motherboard is probably your biggest hardware headache if you want to run as many GPUs as possible in your rig. My top choice is currently the Asus B 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 >>

5 Best Gpus For Cryptocurrency Mining 2018 | Techradar

5 Best Gpus For Cryptocurrency Mining 2018 | Techradar

Join the cryptocurrency craze with the best mining GPUs These days, you really cant go anywhere without hearing about Bitcoin or another cryptocurrency. Bitcoin took off in a huge way in 2017, and it doesnt look like its going to be slowing down anytime soon the value just keeps climbing. So, it really isnt surprising that in 2018, everyone is going to want a piece of the action. If youre thinking about diving into Bitcoin or Ethereum mining, it would be wise to shop for one of the best mining GPUs you can buy today. Because were living in a cryptocurrency world, weve created a list of the best mining GPUs you can buy today, so that you can spend as little time as possible researching and the most time making some cash. Weve ranked five of the best mining GPUs on the market, with efficiency and price in mind. And thanks to TechRadars exclusive price comparison tool, you can rest assured that youll always be getting the best price. And as the popularity of Bitcoin and other cryptocurrencies has led to huge price hikes in the GPU market, you dont want to spend too much time shopping around. Dont worry too much though, with TechRadar by your side, youll avoid any obscene price hikes. Weve also created a guide to the best mining motherboards, so be sure to check that one out too. The concept behind cryptocurrencies like Ethereum and Bitcoin is that individuals generate and transfer them, without the reliance on any central authorities like governments or traditional banks. The appeal of cryptocurrency, at least in part, is that you can use a standard PC for mining . Ethereum, as well as many other cryptocurrencies, use memory hard-hashing methods, which is why having one of the best mining GPUs with a decent amount of graphics memory is needed. Therefore, when you go out t Continue reading >>

6 Gpu Ethereum Mining Rig Build Guide

6 Gpu Ethereum Mining Rig Build Guide

Building a 6 GPU Ethereum mining rig is a fun project and a great source of passive income. Since 2013, I have generated thousands of dollars mining Ethereum and other cryptocurrencies usingGPU mining rigs. Ive created this guide to help you find and assemble the best Ethereummining hardware currently available, andbuild your very own DIY Ethereum mining rig. Assembly time is about 3 hours. 6 GPU Ethereum Mining Rig Hardware Build List Listed below are the components along with the amount you will need to assemble your GPU mining rig. Once your components arrive, you will want to come back to this guide for assembly and configuration instructions. Ive included a YouTube video further down the page with complete assembly instructions as well. 1x Power Supply 1000 Watt Platinum Rated PSU The key here is to have an efficient power supply that will save you over the long run in electricity costs. Look for Gold or Platinum rated (as opposed to silver or bronze). This is the industry standard for rating the efficiency of a computers power supply unit (PSU). 1x Motherboard/CPU Combination What is the best motherboard for mining Ethereum? Ive listed below my favorite motherboard and processor combo that is compatible with 6 video cards. This is the ethereum mining motherboard that is used in large scale mining deployments. If the pros use it, you know its good. 6x Graphics Cards Nvidia GTX 1070 The very efficient Nvidia GTX 1070 can produce a hash rate of 30Mh/s using only 100 watts of electricity and is the best GPU for mining in 2017 . It is much more power efficient than most of the AMD cards available on the market. My favorite model of this GPU is the Gigabyte GeForce GTX 1070Windforce OC (model #GV-N1070WF2OC-8GD). It has a twin fan design and seems to run cooler than mo Continue reading >>

7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

Jordan Tuwiner Last updated July 13, 2017 Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs. This article will help you learn more about the best Ethereum mining hardware. Note: Before you get hardware make sure you have Ethereum mining software, an Ether mining pool , and an Ethereum hardware wallet like the Ledger Nano S for secure storage of Ether. If you just want Ether then just buy Ethereum . Mining has a lot of setup costs and some technical knowledge is required. In order to mine Ethereum, you will need specialized hardware known as graphics processing unit (GPU). Ethereums developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power. So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer. Some GPUs have a higher hash rate than others, while some use more electric power as well. In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity. Many of these costs will vary by country. Is it cheap to buy GPUs in your country? Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs. Also, what is the cost of electricity in your country? Electricity costs are the deciding factor for most miners. As we have seen with Bitcoin mining , miners in China, Iceland, and other places with cheap electricity have a huge advantage! Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale. Note that th Continue reading >>

Build An Ethereum Mining Rig

Build An Ethereum Mining Rig

Radeon R9 290x 28 MH/s using 280 watts As I mentioned above, you can choose to build your mining rig with a nice custom built case or you can save money and use a plastic storage crate or milk crate . Both work equally as well except one wont look nearly as good. But if you want something cool and professional looking, you can buy mining cases such as this one . The standard power supply in a desktop computer can be anywhere from 300W-500W. But when your mining and you are powering up to 6/7 GPUs, you want to make sure you have enough power. 1200W+ is what youre looking for and you want to make sure that it is Gold or better certified for efficiency. Also, modular power supplies allow you toconfigure your cables individually which helps greatly when building out your rig. Single 4GB DDR3 1600Mhz RAM is all you need. Nothing more. In order to mount the GPUs within the crate or case, youll need riser PCI cables to extend the PCI-e connection from the motherboard. Get as many PCI Express 1X to 16X Powered RiserCables as you can to match up with the number of GPUs you have. There are many different variants, like this one or this or this . Get a basic 60GB SSD or 120GB SSD drive for installing the OS and running your mining software. Youll need a basic Monitor and Mouse/ Keyboard combo to configure all the software and mining settings. Also, dont forget about a Kill A Watt usage monitor. Youll need at least one box fan per rig to make sure the GPUs do not overheat. If youre into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If youre a windows guy, here is Windows 10 . If youre going to be using Windows, youll need mining software. Take a look at this Ethereum Mining on a Windows PC guide. Build an Ethereum Mining RigSte Continue reading >>

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. 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. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, 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, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. 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. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

Best Mining Rig Hardware

Best Mining Rig Hardware

Download Wallet! Get the latest version of Ethereum Mist Wallet Here! Best Mining Rig Hardware To Mine With 2017 Here is the best mining rig that every miner should have in this days, at least this is what i will do I have selected the BEST GPUs to mine that have a good mining hashrate and at the same time low watt consumption. This can be achieved only by modding the bios, changing the timings like 1500MHz clock speed is used at 1625, 1750 and 2000MHz and will result in higher transfer speed of data from and to the GPU. Check this tutorial for more details ! I have also tried to select based on quality and price , the best motherboard, psu, cpu, memory ram, ssd, usb risers, frame and few more useful stuff. This is the best mining hardware configuration that can mine the following coins / altcoins: Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), PascalCoin (PASC), Decred (DCR), Expanse (EXP), Lbry Credits (LBC), Siacoin (SC), Komodo (KMD), Ubiq (UBQ), Karbowanec (KRB), Bipcoin (BIP), Orbitco (ORB), Zencash (ZEN), Hush (HUSH) etc.. To receive the latest updates follow me on social media! October 21, 2017 Update Added and replaced new frames September 20, 2017 Added Sapphire RX 470 8GB Mining Edition Samsung Memory 11256-36-10G GPU September 6, 2017 Added AMD RX 470 4GB Mining Edition & Nvidia p106 100 6GB Mining Edition GPUs July 15, 2017 Added Gigabyte H110-D3A Motherboard to the list July 15, 2017 Updated Nvidia GeForce GTX 1070 8GB hashrate and added review with mining performance July 10, 2017 Updated Nvidia GeForce GTX 1060 6GB / 3GB hashrate and review July 8, 2017 Added Nvidia GeForge GTX 1050 Ti Series GPUs awith full review and mining performance July 3, 2017 Added Thermaltake Toughpower DPS G RGB 1250W Digital 80+ Titanium, Thermaltake TOUGHPOWER 850W 80 Continue reading >>

Experiment: Build A (profitable) Ethereum Mining Rig From Spare Parts

Experiment: Build A (profitable) Ethereum Mining Rig From Spare Parts

Experiment: Build a (Profitable) Ethereum Mining Rig From Spare Parts Page 1:Experiment: Build A (Profitable) Ethereum Mining Rig From Spare Parts Page 2:Choosing The Right Digital Wallet Before Building A Crypto-Mining PC Page 3:Building A Crypto-Mining PC: The Components You Can & Cant Skimp On Page 4:Mining For Crypto Currency: Why Power Draw Is As Important As Hash Rate Page 5:Crypto-Mining PC Build: Using An Old Rabbit Cage For An Open-Air Chassis Page 6:A Profitable Ethereum-Mining Rig Depends On Your Electricity Costs Page 6:A Profitable Ethereum-Mining Rig Depends On Your Electricity Costs Ethereums mining difficulty is on the rise, and the crypto-currency's value seems to be on the decline thanks to so much mainstream attention. That's probably good news for gamers and general PC enthusiasts, but we also wondered if it's too late to get into crypto mining if youre just trying to make a few extra bucks. We recently explored the idea of building a mining rig at no cost, simply using older parts we had lying on the shelf. My colleague, Eric Vander Linden, cobbled together a competent mining rig with zero upfront costs . The free miner includes two R9 290X GPUs, which net roughly 57 MH/s. At the current difficulty rate, that rig should bring in a little more than half an Ether per month, which would be profitable as long as the price of Ethereum doesnt dip below $100. I also built a mining rig out of older components. Unlike Eric, I wasnt worried about keeping the budget strictly at zero. I prioritized building the most powerful mining rig I could without buying specialty components. I was also interested in building an efficient miner to maximize profits. Still, I set my sights on something somewhat more exotic. Serious mining rigs often feature a half dozen grap Continue reading >>

3 Best Ethereum Mining Hardware Gpus And Asics 2017

3 Best Ethereum Mining Hardware Gpus And Asics 2017

While Ethereum mining is profitable, its not even close to the profitability of Dash mining or Litecoin mining . If youre mining Ethereum only because you want to acquire cryptocurrency, it may be a better idea to just buy it. Mining hardware is very expensive, and unless you are mining on a large scale, its hard to turn a profit. However, if youre a mining enthusiast or you want to give it a shot, this article will illustrate the three best Ethereum mining GPUs. For those looking to acquire cryptocurrency, buying Bitcoin is a better investment. Buy $100+ of Bitcoin and get $10 of Bitcoin free. Just click the button below! Before you spend money on an expensive mining GPU, you probably want to know if youll see a good return on your investment (see our guide on Ethereum mining profitability ). Look no further. We are here to tell you that if you use the above mining GPUs, youll see a great return on your investment. As you can see, the above graph shows the return on investment of the Radeon R9 295X2. As stated previously, youll make $276.80 USD per card each year. If you invest in multiple cards, you will make even more passive income. While it is possible to turn a profit mining Ethereum, X11 Dash mining is FAR more profitable. This video will teach you how to begin mining Ethereum: Unfortunately Ethereums mining algorithm does not support the use of ASIC s. However, regular GPUs can be used to mine Ethereum. In 2017, Ethereum mining is quite profitable. The following GPUs can mine Ethereum and Ethereum Classic . Below are the 3 best Ethereum mining GPUs: By far the most powerful Ethereum miner, the Radeon R9 295X2 has a hash rate of 46 MH/s, drawing 500 W from the wall. This means youll see a yearly return of $276.80 USD annually per card. A powerful alternative to Continue reading >>

Best Ethereum Mining Gpus - A Benchmark And Optimization Guide [vega Update]

Best Ethereum Mining Gpus - A Benchmark And Optimization Guide [vega Update]

by Shawn Sanders Friday, September 15, 2017 Best Ethereum Mining GPUs - A Benchmark And Optimization Guide [Vega Update] Ethereum Mining Introduction & Mining Rig Update, 9/15/2017: We've updated our Ethereum mining benchmark numbers in this article to include AMD's recently released Radeon RX Vega graphics cards. Head here for that updated data or journey on for the full guide. Cryptocurrency mining is a big buzz topic in technology these days. And why not? Utilizing your computer to digitally mine what seems like free money only begs the question, "where do I sign up?" Your machine will actually be "mining" or processing transactions for a decentralized currency, the hottest variant of which is called Ethereum. Poised to overtake the industry bellwether Bitcoin , Ethereum has experienced explosive growth with roughly a $35 billion dollar market cap currently. However, the cost of mining is far from free in this modern day digital gold rush. Hardware costs and energy consumption represent real financial commitment. Regardless, if you build your own systems or are a PC enthusiast, theres a good chance you have the spare parts lying around to slap a mining rig together and get cracking. So, with our eyes on Ethereum in particular, being the new rising star, thats exactly what we did here at HotHardware (1 ETH = ~ $277.85 as of this publication). We also learned some handy tips for tweaking your mining rig for maximum hash rate throughput, while keeping your heat and energy consumption at a minimum. We will be sharing these as well has some key hardware benchmark metrics and suggestions to help boost your personal mining potential. To get started you will need to obtain a mining wallet to collect your digital currency, mining software, and of course your trusty PC equipp Continue reading >>

How To Build An Energy-efficient Ethereum Mining Rig

How To Build An Energy-efficient Ethereum Mining Rig

How to Build an Energy-Efficient Ethereum Mining Rig Energy-efficient What You Need For An Energy-Efficient Gaming PC What You Need For An Energy-Efficient Gaming PC Gaming computers are some of the most powerful consumer PCs on the market. Though beefy dual-processor workstations exist, theyre for work rather than play. People who buy a powerful computer for personal use usually do... Read More cryptocurrency mining saves you money, saves the planet, and can make you money. The trick is to maximize your hash rate per watt or reduce your systems overall energy footprint. Here are the components and configuration settings needed to maximize your computers energy efficiency for mining the cryptocurrency Ethereum . There are two approaches to reducing power costs when mining Ethereum (or any cryptocurrency): You can reduce the total wattage consumption of the system. You can maximize the amount of cryptocurrency mined relative to its power consumption. Both design styles end up looking very similar to one another. Thats becausecryptocurrency mining focuses on two parts: the graphics card and the power supply. The rest of the computer can be little more than scrap heap pulls. Let us begin with the most important component: the Graphics Processing Unit What Is the Difference Between An APU, A CPU And A GPU? What Is the Difference Between An APU, A CPU And A GPU? Over the last five or more years, there have been a number of different terms swirling around to describe computer hardware. Some of those terms include but arent limited to APU, CPU, and GPU. But... Read More (GPU). Parts for Building Your Ultra-Efficient Miner The most energy efficient GPUs around come from Nvidia. Unfortunately, Nvidia GPUs arent quite as good at solving cryptographic hashes as AMD hardware. More Continue reading >>

6 Gpu Ethereum Mining Rig Build 2017

6 Gpu Ethereum Mining Rig Build 2017

You are here: Home / Mining / 6 GPU Ethereum Mining Rig Build 2017 So, you want to start mining Ethereum right? But you dont know how to build Ethereum mining rig? Today we are going to use the best Ethereum mining hardware to assemble our mining rig. As we are going to build 6 GPU mining rig we will use 6 Graphics Cards. As more and more graphics card going out of stock we have to take care that we buy the correct graphics card. We dont want to end up mining Ethereum at very low hashrates. As many people have started mining cryptocurrencies Ethereum is one of the most popular for mining. But, why are people investing so much in mining Ethereum? The thing is Ethereum is the cryptocurrency which is ASIC resistant; i.e you cannot mine it with any ASIC you will have to mine it with graphics cards. I have also inserted Amazon links as it may help you buy them. If you are really not into mining then you can have a look into Cryptocurrency Investment. This is often asked question right Which are the best graphics cards for mining Ethereum? But here is a question which graphics cards should I use? Well, till today I have used Nvidia GTX 1070 Why??? Because of 2 reasons They also produce good hashrate of 31 MH/s by a single card. Even though you can easily resell these cards in future at a great price. You can clearly see that GTX 1070 stands out in MH/s. I have been using GTX 1070 till date without any problem. One GTX 1070 consumes 150W of power. So, GTX 1070 is best ethereum mining card we are going to use in this mining build. As we are assembling 6 GPU ETH mining rig you will need 6 of them. If you are low on budget you can always start with 4 of them and periodically increase them. GTX 1070 uses 150W of power which is also great. Each Graphics Cards will output 32 Mh/s. Continue reading >>

We Bought An Ethereum Mining Rig With The Hope Of Retiring Early

We Bought An Ethereum Mining Rig With The Hope Of Retiring Early

We bought an Ethereum mining rig with the hope of retiring early The MyBroadband offices first encounter with Ethereum happened something like this. MyBroadbandjournalist Jamie McKane walked in one April morning, sat down, and said: Im going to buy this cryptocurrency Ethereum. We had no idea what he was talking about, but it sounded cool, so we said we were in. After checking out various sites under instruction from Jamie, a few of us registered with Luno for Bitcoin, Poloniex for trading, and MyEtherWallet for Ether storage. What happened in the weeks that followed our Ethereum purchase got us all on the cryptocurrency hype train with Ethereum and Bitcoin reaching all-time highs. As we had not invested our entire life savings in Ethereum, we decided to pool somemoney together and purchasea mining rig instead of buying more of the digital currency. While profit projections and calculations comparing investment vs the purchasing of a rig were on the to-do list, we ended up buying it because: Someone said something about the means of production and quoted The Wolf of Wall Street. It would be cool to have a mining rig we are all tech nerds at heart. If the mining failed, we could build sweet gaming PCs with the graphics cards. We ended up buying a rig from Bitmart , which features six AMD Radeon RX 580 4GB GPUs. The rig also features a 60GB SSD, 4GB of RAM, a motherboard with enough PCIe slots for thecards attached via risers and a basic Intel processor. The rig came with Windows 10 and Claymore. Our set-up sees us connecting to an Ethermine.org mining pool, which pays us 1 Ethereum at a time to our wallet when earned. Our rigs reported hashrate to the mining pool is around 170MH/s, while our average effective rate sits at around the 160MH/s mark. Weve had the rig a week Continue reading >>

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