CryptoCoinsInfoClub.com

Ethereum Reward Chart

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 >>

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 >>

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 >>

Mining Ethereum/wiki Wiki Github

Mining Ethereum/wiki Wiki Github

The word mining originates in the context of the gold analogy for crypto currencies. Gold or precious metals are scarce, so are digital tokens, and the only way to increase the total volume is through mining it. This is appropriate to the extent that in Ethereum too, the only mode of issuance post launch is via the mining. Unlike these examples however, mining is also the way to secure the network by creating, verifying, publishing and propagating blocks in the blockchain. Mining Ether = Securing the network = verify computation Ethereum Frontier like all blockchain technologies uses an incentive-driven model of security. Consensus is based on choosing the block with the highest total difficulty.Miners produce blocks which the others check for validity. Among other well-formedness criteria, a block is only valid if it contains proof of work (PoW) of a given difficulty.Note that in Ethereum 1.1, this is likely going to be replaced by a proof of stake model. The proof of work algorithm used is called Ethash (a modified version of Dagger-Hashimoto ) involves finding a nonce input to the algorithm so that the result is below a certain threshold depending on the difficulty. The point in PoW algorithms is that there is no better strategy to find such a nonce than enumerating the possibilities while verification of a solution is trivial and cheap. If outputs have a uniform distribution, then we can guarantee that on average the time needed to find a nonce depends on the difficulty threshold, making it possible to control the time of finding a new block just by manipulating difficulty. The difficulty dynamically adjusts so that on average one block is produced by the entire network every 12 seconds (ie., 12 s block time). This heartbeat basically punctuates the synchronisation Continue reading >>

Ethereum Price - Ethereum Price Chart & History In Usd

Ethereum Price - Ethereum Price Chart & History In Usd

Ethereum is a developer platform for the creation of decentralized applications running on blockchain, through the use of smart contracts. It was launched on June 30, 2015 by Vitalik Buterin and has been gaining popularity ever since. At the time of writing, Ethereums market cap is at $4,713,144,698 only second to Bitcoin. Just like Bitcoin, Ethereum is a platform based on blockchain technology. Blockchain as we know it has many applications that go beyond digital currencies. Today, Bitcoin is one of the several hundred of applications that use blockchain. In simplest terms Ethereum is an innovation based on the technologies and concepts that originally pioneered Bitcoin. Smart contract aka cryptocontract is a term used to describe a program that help you exchange money, property, shares, or anything of value in a transparent, conflict-free way. These are the programs that follow a series of steps every time they receive a message called a transaction. Think of a smart contract as a traditional contract between two parties. It can not only define the rules and penalties of the agreement, but also automatically enforce those obligations. Smart contracts achieve this by by taking in information as input, assigning value to that input through the rules set out in the contract, and executing the actions required by those contractual clauses. Ether is the currency or value token of the Ethereum blockchain. That means Ether is required by anyone wanting to build upon Ethereum platform. It is listed as ETH and traded on cryptocurrency exchanges like any other cryptocurrency. There are three ways you can get hold of Ethereum. Most popular exchanges to buy ETH with USD, EURO, Yuan and other currencies are Coinbase and Cex.io. You can also use Bitcoin to buy ETH from the trusted Continue reading >>

Advanced Ethereum Mining Calculator | 99 Bitcoins

Advanced Ethereum Mining Calculator | 99 Bitcoins

Ethereum mining calculator powered by Instructions on how to use the EthereumMining Calculator: Enter the hash rate of the Ethereumminer youre planning to use Note: If some values in the Ethereummining calculator dont seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. Earningsare shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time. Profitis based on current difficulty to mine Ether. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by. EarningsIS NOT profit. You still have to take into account the cost of your mining hardware and the electricity to run it (and cool it down if needed). Continue reading >>

With Ethereum 'ice Age' Incoming, Momentum Builds For Miner Pay Cut - Coindesk

With Ethereum 'ice Age' Incoming, Momentum Builds For Miner Pay Cut - Coindesk

With Ethereum 'Ice Age' Incoming, Momentum Builds for Miner Pay Cut Avote currently taking place on ethereum's mining rewards has motivated a big response from its community, despite the fact that its results are non-binding. Described simply as a 'show of preference' by organizers, the vote is designed to indicatesupport for Ethereum Improvement Proposal (EIP) #186 a change that, if implemented, would reduce the reward allocated to miners from the current level of 5 ethers per block to a lower figure. "A reduction in the issuance of ether is very likely to be price-supportive and lead to increasing investments in the platform and to help ward off speculative attacks on the value of ether by promoters of competing platforms who offer, or plan to offer, reduced token inflation rates." Besides the financial aspect, the proposal is also linked to the coming 'ice age', hard-coded into the technology. At this point, ethereum is set to incentivize its transition from 'proof-of-work' (PoW) to 'proof-of-stake' (PoS) consensus at which time an exponential rise in block difficulty will make blocks virtually impossible to solve by PoW. In a conversationwith CoinDesk, Matthew Light, software developerand author of EIP186, explained more of the logic behind his proposal. Though it's now receiving attention due to the vote currently underway, Light pointed out that the first version of the proposal appearedin December 2016, when ether was trading at a much lower value: around the $7$8 dollar mark. Since the low market value of ether equated to fewer funds for ethereum developers, Light said that original perception was that the ethereum project as a whole was being undervalued. "At that time, I felt that it would be advantageous for everyone for the technology to be priced higher, a Continue reading >>

Ethereum Price Chart Us Dollar(eth/usd)

Ethereum Price Chart Us Dollar(eth/usd)

Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko will not be responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at [email protected] Like what we are doing? Donations are welcome! Continue reading >>

Ethereum Price Analysis - High Interest And Demand

Ethereum Price Analysis - High Interest And Demand

Ethereum Price Analysis - High interest and demand Josh Olszewicz , 09 Feb 2018 - Ethereum , Opinion , Price Analysis Ethereum ( ETH ) has essentially moved in lock-step with Bitcoin over the past week. Having retraced over 50%, the cryptocurrency is now recovering. The market cap stands at US$79.2 billion, with US$3.18 billion in trading volume over the last 24 hours. Research and development of Ethereum's move Proof of Work (PoW) to Proof of Stake (PoS) continues, although its currently in the first of many stages. The PoS consensus mechanism, Casper, will consist of two projects that are currently being hybridized; Buterins Friendly Finality Gadget (FFG) and Zamfirs Correct By Construction (CBC). A nascent form of Casper has been running on the testnet for the past few weeks but has run into several problems with node connections. These issues suggest that Casper may not be ready for the next protocol improvement harfork, Constantinople . However, Caspers ability to finalize blocks is working as intended. Also in development are Plasma , which addresses smart contract scalability, and Sharding , a type of database partitioning designed to facilitate the growing blockchain size. The Ethereum network hash rate has continued to march North, despite a decreased block reward from 5ETH to 3ETH. Difficulty is nearing levels not seen since October, when the Byzantine hard fork effecting the block reward change was released. These changes to the are designed to discourage PoW over time, with PoS taking over the network. While Buterinand his team of developers work on the Ethereum platform, developers that can use it are in high demand. There are currently over 1000 listings for ETH dev positions on the networking site LinkedIn. A study from consensys found that ETH has over Continue reading >>

What Are Mining Rewards In Ethereum?

What Are Mining Rewards In Ethereum?

Mining Ether will start with the release of the Frontier platform. The Olympics test beforehand had no value attributed to the Ether which was mined and all balances at the Ether launch were set back to the close of the Fundraising so even if you had transferred our Ether on the testnet after contributing to your fundraise you will keep the Ether on the launch of the Frontier platform. The proof of work in Ethereum is run through Ethash . The successful PoW miner will receive a static block reward that is equal to 5 Ether. The successful miner will also receive all the gas in fees that it generates from the transactions in the block that it verifies. As time goes on and the amount of Ether created grows it is expected that gas rewards will take the lions share of mining rewards. The miner will also receive an award of 1/32 per Uncle block included. Uncles are stale blocks with parents that are a maximum of six blocks back from the present block. Valid Uncle blocks are rewarded to halt network lag (time to propagate a valid block to the whole network). Uncles included in a block receive 7/8 of the static block reward or 4.375 Ether- with a maximum of 2 Uncles allowed per block. After you have mined some ether you will need somewhere to store it and you can choose the best place here with our ethereum wallet comparison page. Continue reading >>

Create A Crowdsale Contract In Ethereum

Create A Crowdsale Contract In Ethereum

Raising funds from friends without a third party Sometimes a good idea takes a lot of funds and collective effort. You could ask for donations, but donors prefer to give to projects they are more certain will get traction and proper funding. This is an example where a crowdfunding would be ideal: you set up a goal and a deadline for reaching it. If you miss your goal, the donations are returned, therefore reducing the risk for donors. Since the code is open and auditable, there is no need for a centralized, trusted platform and therefore the only fees everyone will pay are just the gas fees. In this example we will make a better crowdfunding by solving two important problems: how rewards are managed and kept, and how the money is spent after the funds are raised. Rewards in crowdfundings are usually handled by a central unchangeable database that keeps track of all donors: anyone who missed the deadline for the campaign cannot get in anymore and any donor who changed their mind can't get out. Instead we are going to do this the decentralized way and just create a token to keep track of rewards, anyone who contributes gets a token that they can trade, sell or keep for later. When the time comes to give the physical reward the producer only needs to exchange the tokens for real products. Donors get to keep their tokens, even if the project doesn't achieve its goals, as a souvenir. Also, generally those who are funding can't have any say on how the money is spent after the funds are raised and mismanagement often causes projects never to deliver anything at all. In this project we will use a Democratic Organization that will have to approve any money coming out of the system. This is often called a crowdsale or crowd equity and is so fundamental that in some cases the tok Continue reading >>

What Is Ethereum's Inflation Rate? (how Quickly Will New Ether Be Created)

What Is Ethereum's Inflation Rate? (how Quickly Will New Ether Be Created)

What is Ethereum's inflation rate? (how quickly will new ether be created) It seems like the answer is still in flux, but it would be nice to have a single answer to this question that we can update over time. To confirm, do you mean inflation of the price/value of Ether (i.e. price-based inflation), or its level of issuance (i.e. monetary inflation)? I'd assume the former, but it's worth clarifying. Richard Horrocks Feb 25 at 23:53 The question is What is Ethereum's inflation rate? , but I'm assuming and answering the question What is the issuance rate of Ether. In 2017 the issuance rate of Ether is 14.75%. Roughly 5 Ethers per block are issued. Because Ethereum rewards Uncles it means that there may be more or less than 5 Ether. Rough Projections Based On 5 Ethers Per Block Joseph Lubin wrote an interesting article that addresses your question: If you consider the issuance model presented above you can see that the rate at which Ethers "inflate" is designed to change regularly and always in the downward direction. For more in depth data please see this chart: In 2017 we are looking at a 14.75% inflation rate. However this is only while the network is using a Proof of Work model, once Proof of Stake kicks in, the inflation rate of change could itself change. The Spanner In the Works - AKA Difficulty Bomb. AKA Ice Age. AKA Casper. AKA Proof of Stake. AKA Developers Making Changes. Ok, so all the above would be nice and helpful to give you a rough idea of how many Ethers there will be at a particular point in time. However there is the Difficulty Bomb which messes the whole thing up. And then there is Ethereum's Proof of Stake model name Casper, which will also affect the issuance of Ether. What Does the Difficulty Bomb Do?It basically makes it harder to make a block, w Continue reading >>

Ethereum Community Votes On Mining Reward Cut

Ethereum Community Votes On Mining Reward Cut

The Ethereum blockchain currently uses a Proof-of-Work consensus mechanism to verify transactions and to produce new ether coins. That means that ether miners require large amounts of computational power to process and verify transactions to receive new coins. Running a blockchain using a Proof-of-Work consensus mechanism, however, creates the problem of scalability as can currently be witnessed by the Bitcoin block size debate. Circumventing scalability issues and the potential centralization of mining operations, the Ethereum development community has decided to switch the Ethereum blockchain to a Proof-of-Stake (PoS) consensus mechanism in the future. By switching to a PoS protocol, substantially less computational power is required, and miners will be rewarded in relation to the amount of ether they hold. Ethereums PoS protocol, called Casper , is still in development. To prevent a hard fork that splits the Ethereum blockchain in two (for the second time), developers have implemented a difficulty time bomb also known as an ice age. The Ethereum ice age is a mining difficulty adjustment scheme that was created to incentivize miners to switch to the new PoS blockchain. Once the fork is executed, the mining difficulty rises exponentially to a point where it would be impossible for miners to keep up with the difficulty increase that would hike block time and make the blockchain effectively freeze. Hence, the term ice age. Ethereum Community Votes on (EIB) #186 Proposal Currently, the Ethereum community is voting on a proposal brought forth by developer Matthew Light who recommends reducing mining rewards to reduce the current level of ether issuance, which would most likely boost ethers price and lead to increasing investments in the platform. A reduction in the mining Continue reading >>

Vertcoin Reward Halving Explained

Vertcoin Reward Halving Explained

Vertcoin Dev Team | I talk about Crypto and stuff On December 12, 2017 Vertcoin will undergo its first ever block reward subsidy halving. The halving will occur on block 840,000 and reduce mining rewards by 50% from 50 VTC per block to 25 VTC per block. This halving occurs roughly every 4 years and will continue to half until the supply is fully emitted. But what does this all really mean? Will mining be impacted? What about the value of the coin? Should we expect a spike in price? All good questions and all will be answered. Lets get into it. Before I dive into the specifics of halving, lets address a simple yet commonly misunderstood concept: Where do new Vertcoins come from? Within every block that is mined and added to the blockchain, there is a transaction that contains a 50 VTC mining reward. This reward is sent to the miner (or miners in a pool) that solve this block. When you mine VTC youre receiving brand new freshly created Vertcoins. This translates to roughly 28,800 new VTC created and added to the total supply daily. Vertcoin has a max supply of 84,000,000, four times the max supply of Bitcoin. Every 4 years the subsidy will half until the last Vertcoin is emitted. Like gold there is a finite supply of Vertcoin making it a deflationary asset. This means with time, every Vertcoin increases in rarity, become harder to obtain and ultimately increases in value. So the mining reward is being cut in half, as a miner, does this mean Ill receive less coins from mining? In short, yes. At halving, assuming the number of miners and hash rate remains somewhat consistent, everyone should expect less VTC paid out compared to the blocks prior. This will invariably cause a drop in network hash due to miners shutting down their rigs as they will find mining not be as profi Continue reading >>

Ethereum's Block Reward Might Be Reduced From 5 Eth To 1.5 Eth

Ethereum's Block Reward Might Be Reduced From 5 Eth To 1.5 Eth

Ethereum's Block Reward might be reduced from 5 ETH to 1.5 ETH EIP186 proposes to decrease ETH mining rewards. FREE 1,000 mBTC daily for LuckyJack winners 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Seems to me this would be an incentive to buy ETH now, and hoard them. If there is a coin vote, one could use the coins to vote for the reduction in block reward, thereby increasing the chance of supply constraint and an increase in the price. So developers and speculators will like this idea, but miners will get shafted. FREE 1,000 mBTC daily for LuckyJack winners Yeah basically the eth foundation is probably pissed off their ETH is worth less from the Summer and they are blaming it on the miners since probably 50% of all the eth mined daily is dumped daily. 1 Bitcoin$15,487,372,567$963.3816,076,162---- BTC$76,229,3001.02% 2Ethereum$720,712,570---$8.2487,474,566---- ETH$10,170,0003.68% 18 Zcash$16,729,309----$48.42345,506-------- ZEC$503,671-0.08% 87 million eth coins that = common 345 thousand Zcash coins that = rare so a block size reduction will not make eth rare Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr I mine alt coins with I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions. Looks like they changed EIP 186 again and made the Block reward 2 ETH instead of 5 ETH. Now it all boils down to a vote whether it gets accepted or not. Majority of ETH holders are NOT miners so there is a good chance this might pass since it will at least temporarily create a price pump. FREE 1,000 mBTC daily for LuckyJack winners Quote from: adaseb on Janu Continue reading >>

More in ethereum