Ethereum Mining Calculator
Disclaimer : Above mining calculator is an indicator of profitability you get as on date. Kindly note that profitability which is dependent on various factors like difficulty levels , price of bitcoin may go both up and down on movement of various factors. Customer /Investor may kindly take a note that nobody in the world could ever estimate future returns and any scheme which is committing fixed return is no less than a scam. Historically bitcoin prices have gone up and mining have giving amazing returns but there is absolutely no commitments. Enter hashing power of Ethereum miner that you are preparing to use Then, click on Calculate Mining Returns And you will get the estimated profit amount Returns or earning will be shown in US Dollar as per the current Ethereum exchange rate. This exchange rate will change with the time. Profit will be based on the current Ethereum mining difficulty . Probably, it might increase from time-to-time. Returns are not profit. Along with the returns, you need to consider various factors, such as cost of electricity and mining hardware cost. In addition, you also take into the consideration the cooling down of mining hardware. Calculating Ethereum Mining Profitability The Ethereum mining calculator is designed in order to help you to see the profitable Ethereum mining. You just need to fill some information like hash rate/hashing power and pool fees, then you will get the estimated amount. In case, you are making use of your mining rig, then you need to input power usage, hardware cost and then click on Calculate Mining Returns. How Ethereum Mining Returns are Calculated? Overall, the estimated result of Ethereum mining will be based on the USD exchange price and mining difficulty. You can even calculate the weekly, monthly, and yearly 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 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 >>
Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide
Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>
Asic Vs Gpu Try Mining
From mining to Al, GPU is very good at complex computations, no matter the type. It can mine any type of coin. as well as get converted to Al machine or something else if mining is no longer profitable. Even though only AMD and NVIDIA design GPUs, many companies such as ASUS. EVGA. and Gigabyte manufacture and resell GPUs. This creates competition. and prevent a single entity from controlling the market. Goes into a standard chasis and motherboard. Creates an inexpensive system. that is reliable. easy to support. and reusable. Cannot profitably mine coins like Bitcoin and LiteCoin, or any coin that has ASICs available. GPU mining has benefits to the network not discussed here, which is why coins like Monero are unlikely to go to ASIC. New blockchains like Ethereum can perform different types of calculations on the blockchain. Because of this, you are unlikely to ever see ASICs on Ethereum. There will always be a significant number of coins that are ASIC-resistant. The chances that one of those coins becomes profitable is higher than picking a singular coin and hoping that that one coin succeeds. There is a situation where ASICs are beneficial. If you have a large equipment budget, access to very low cost electricity, and you are OK at sticking to one coin for the long run no matter what - ASICs are by far the best choice for you. However, if you want flexibility and freedom from a singular coin, GPUs are the way to go. Continue reading >>
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 >>
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 >>
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 >>
3 Reasons Why Ethereum Mining Is Profitable In 2017
The answer is yes. Ethereum can be mined with power efficient GPUs. On top of this, the value of Ethereum is steadily on the rise. Both of these factors are fantastic reasons to mine Ethereum. This is the projected mining profitability of the Radeon R9 295 X2 . As you can see, youll make over $800 USD annually per card. This means youll break even in less than a year and generate passive income. Since the price of Ethereum is steadily rising, your profit margin will increase even more. Ethereum is similar to Bitcoin, yet it has two key differences that have been crucial for its success: Smart Contracts and the shift to proof of stake . Unlike Bitcoin, the coding language used for Ethereum makes it much easier for programmers to develop programmable money, or Smart Contracts. This is revolutionary in the world of cryptocurrencies and opens many doors for the future. Ethereums second key difference from Bitcoin is its shift from proof of work to proof of stake. Before you can understand proof of stake, you must understand proof of work. Blockchain technology was created in 2009 when Bitcoin was released. In essence, a blockchain is a database. In the world of cryptocurrencies, the blockchain is a database of transactions. If someone tries to initiate an invalid transaction, the blockchains code will determine that its invalid and it will reject the transaction. If someone were to say they mine Bitcoin, Ethereum, Litecoin, etc. it means they are setting their computer to solve the cryptocurrencys algorithm. The computers adding the transactions to the blockchain are executing extremely difficult tasks. Its basically a guess and check system in which your computer is constantly checking the code until it finds the solution. This is all to prove a valid transaction on a blo Continue reading >>
Bitcoin Mining - Can It Be Profitable In 2017? | Finder.com
Bitcoin mining: Can I make money doing it? Bitcoin mining is an interesting way of trying to make a few bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the bitcoin blockchain secure. Unlike regular fiat currencies (such as US dollars or euros) bitcoin assets are not controlled by a central government or bank and new bitcoin (BTC) cannot be printed and issued like paper money. Instead, bitcoin tokens are introduced into the market via a process known as mining. BTC are awarded to the miners who have solved the math problems necessary to verify bitcoin transactions. In this guide well look at how mining works, why its a necessary component of bitcoin infrastructure, and whether its a good way of making a buck. Whenever a transaction is made in bitcoin, a record of it is made on a block containing other recent transactions, like a page in a ledger. Once the block is full, bitcoin miners compete against each other to verify and validate the block and all its transactions by solving a complex cryptographic problem. The first miner to accomplish this is awarded a set amount of bitcoin, based on the mining difficulty at the time. The verified block is then added to the blockchain, a history of all blocks verified since the beginning of bitcoin, and transmitted to all users of bitcoin so that they can have the latest blockchain. For a more detailed explanation of the blockchain, check out our guide here. At the heart of bitcoin mining lies a hard, mathematical problem. The goal is to ensure that the process of adding a new block to the blockchain requires a lot of work. That helps to ensure that any hacker tampering with the transactions needs not only to mess with the transactions but also win the race of bitcoin mining. SHA- Continue reading >>
Genesis Mining Profitability (february 2018)
Genesis Mining Profitability (February 2018) This guide gives the current profitability of all available cloud mining contracts on Genesis Mining on 9th February 2018. To compare contracts equally, we scale hashpower down to a $30 initial investment. Calculations are made using our cloud mining calculator: www.anythingcrypto.com/cloud-mining-calculators/medium We did a similar comparison for HashFlare here . Currently Genesis are out of stock on Bitcoin, Dash, Litecoin and Monero mining contracts; so in this guide we compare their Ethereum and ZCash contracts. Both are pre-orders that would start on 30th April 2018 (this delayed start is included in our calculations). Before buying a Genesis Mining contract there are a few things to be aware of: Ethereum may move to proof-of-stake in the future. If this happens and you own an Ethereum mining contract you'll likely have to change to a different coin using the same algorithm (Ethereum Classic for example). Genesis Mining has a reputation for inconsistent payouts, where sometimes you might not get paid for several months (with many people claiming they've never been paid). Profitability of a $30 investment in each of Genesis Mining's contracts: Ethereum (current price $848) NOT PROFITABLE Optimistic: $0.22 per week, $23 after 2 years Skeptical: $0.04 per week, $4 after 2 years Continue reading >>
How To Calculate Mining Profitability
CoinDesk Launches 2017 Year in Review Opinion and Analysis Series Are you serious about mining cryptocurrencies? If so, you need to know how to make the best use of your money and equipment. In this guide, well show you how to mine your digital treasure in the most profitable way. Obviously, the big money is going into costly bitcoin ASICs. If you arealready in that position, you probably know how the process works and are intending to mine bitcoin. However, those of you on a more moderate budget are probably looking at building a GPU miner for scrypt currencies, or a buying a small ASIC machine for bitcoin or other SHA-256 currencies. In that case, you have come to the right place. The process of mining digital currencies involves solving complex cryptographic puzzles. By doing this, miners are providing proof of work that is rewarded with digital currency. Broadly speaking, there are two proof-of-work hashing algorithms in use today: SHA-256 and scrypt . Note that there are some lesser-used alternatives, which we will not be looking at in this guide (for example, Primecoin ). The SHA-256 algorithm favours raw processing power. In bitcoins very early days, one could mine effectivelywith the CPUs and GPUs (graphics processing units) that you find in a normal home PC. That time has passed, however, and the difficulty level of bitcoin is so high that specialised processors known as Application Specific Integrated Chips (ASICs) are needed to mine it. The use of such powerful processors, alongwith bitcoins exponentialincrease in difficulty level,have created a technological arms race, which means that even quite recently designed chips can quickly become obsolete. The scrypt algorithm favours greater amounts of RAM and parallel processing ability, which is why GPU-based ri Continue reading >>
Which Mining Would You Suggest, Bitcoin, Litecoin, Ethereum, Or Another? Which One Is More Profitable For Beginners?
Which mining would you suggest, Bitcoin, Litecoin, Ethereum, or another? Which one is more profitable for beginners? Mining cryptocurrencies is a constantly changing game and what most miners dont seem to take into account is that mining cryptocurrency is a business. In order to be profitable, you need to constantly find new ways to increase your profit or reduce your overhead. Cryptocurrencies are incredibly volatile (especially the smaller market caps) so the price of different cryptocurrencies can swing large percentages in minutes or hours. It isnt uncommon for several different currencies to be the most profitable for a couple hours in the morning and a completely different set of currencies to be the most profitable in the afternoon or evening. You should always be mining what is worth the most. The complexity of the hash rate of any given currency is always changing which either increases or decreases the difficulty of mining any given cryptocurrency which has a direct effect on how much you mine. This means that it is often more profitable to mine one currency in the morning, a different one in the afternoon and yet another different one in the evening. If you would like to know what currencies are the best to mine at the current hash rates and with different hardware types, visit the site, CoinWarz . They are the best site online for comparing the profitability of different cryptocurrencies against each other and with different hardware. It is no longer possible to mine profitably without hardware specifically made for the task. Even with that hardware the margin is very thin, and you will probably not come out ahead unless you know what your doing, dont have any issues, and have cheap or free electricity. If you want to try that hardware can be purchased here Continue reading >>
Bitcoin, Ethereum Or Litecoin: Which Is Best For You?
Bitcoin, Ethereum or Litecoin: Which is best for you? A primer on the most visible cryptocurrencies. Before you jump into this overview of a few cryptocurrency alternatives, check out our first two articles in this series, Bitcoin, explained and Buying and selling bitcoin . Bitcoin has spawned hundreds of cryptocurrencies. Bitcoin was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town . Litecoin followed in 2011. Created by Charles Lee, an engineer who later helped build Coinbase , the leading cryptocurrency exchange, Litecoin is based on the same code as bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process. And in 2015, Ethereum made its debut, incorporating bitcoin's basic blockchain premise and Litecoin's pursuit of faster transaction speed, but adding a few of its own twists -- including the ability to process little chunks of code, called "smart contracts" -- and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig. Ripple's market cap now exceeds $40 billion. Coinbase's support for bitcoin, Litecoin and Ethereum -- as well as Bitcoin Cash , a new branch of the bitcoin blockchain created in August 2017 -- helped install and keep them among the most visible and well-capitalized cryptocurrencies. Rounding out the top 10, in terms of market capitalization, is a dynamic shortlist that has included established coins and upstarts like Ripple , Cardano , Neo , Stellar , Eos and IOTA . For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ether Continue reading >>
Bitcoin Vs Ethereum: Cryptocurrency Comparison
Bitcoin VS Ethereum: Cryptocurrency Comparison Last updated on June 14th, 2017 at 08:11 pm Since its release in early 2009, Bitcoin has been the trailblazing leader of the cryptocurrency revolution. Countless imitators have come and gone but Bitcoin remains dominant, despite nearing the current limits of its transactional capacity. Ethereum, created mid-2015, is Bitcoins strongest rival But can Ethereum deliver on the hype surrounding its complicated technology, as well as recover from the recent spectacular failure of the DAO , to usurp Bitcoins primacy? Complimentary or Competing Cryptocurrencies? How valid is the frequent claim that Bitcoin and Ethereum arent direct competitors but rather complimentary aspects of the new, blockchain-based economy? The peaceful coexistence theory holds that the web is vast and deep enough for Bitcoin and Ethereum to carve out their respective niches: Bitcoin specialising in its role as digital gold; offering a dependable monetary system free from unbounded inflation and political intervention. Ethereum evolving into the world computer; a blockchain-based programming language enabling code-based contracts and decentralised applications. In practice, matters are more complex. Given the extensibility of cryptocurrency, neither coin has a clearly defined sphere of operation. There is considerable overlap between their functions and markets, with nothing to prevent user migration. For example, additional layers built upon Bitcoin, such as the Rootstock.io smart contact platform, threaten to trespass on Ethereums playground. Rootstock promises to do everything Ethereum can, with the added security of a two-way peg to the more secure Bitcoin network. Likewise, Ethereum has become a popular trading and investment instrument , infringing upon Continue reading >>
Genesis Mining Review: Are Bitcoin & Ethereum Cloud Mining Profitable?
Genesis Mining review: are Bitcoin & Ethereum Cloud Mining profitable? Genesis Mining review: are Bitcoin & Ethereum Cloud Mining profitable? An experience report: get rich with Cloud Mining. Is Genesis Mining profitable? Genesis Mining promises Bitcoin Mining for alland is with more than 300,000 members the market leader in Crypto-Currency Cloud Mining. But how does Genesis Mining work, is it worth it or a fraud? The principle of Genesis Mining * is quite simple: Genesis Mining provides the complete infrastructure to effectively mine Bitcoinor other crypto-currencies. With this infrastructure you can "buy" or "rent"a part of the computing power. This computing power is expressed in calculated Megahashes (MH/s) or in Terahashes per second (TH/s). Depending on the available budget, Genesis Mining provides several contracts with different computing power packages. After buying acomputing power package,the machines start to dig for Bitcoins or other digital currencies. The Genesis Mining * standard package purchases the computing power for lifetime. This means that the performance is not only rented but really bought completely. But watch out:not only the hardware has to bepaid,also the operation of the server farm occasion costs. And these arebilled by Genesis Mining. There are no unexpected costsas the operating costs are deducted directly from the mined coins. This means that a part of the computing power is directly used to finance the operation and thus the payout of the obtainedBitcoins is lower. As a consideration for the Services the Customer agrees to pay to the Service Provider an amount of (the "Fee"): b. USD 0.0003 per GH/s and day, deducted on a daily basis* from the generated Coins But here's the crux:the computing complexity (Mining Difficulty) for mining n Continue reading >>