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Solo Mining Ethereum 2018

Top Ethereum Mining Pools In 2017

Top Ethereum Mining Pools In 2017

Joining an Ethereum mining pool and combining your resources with other miners will help you see results faster and realize a quicker return on your investment. This post will take a look at some of the top Ethereum Mining pools in 2017. With so many mining pools at play in the market, solo miners are finding it more difficult to get blocks to process and the Ethereum mining rig that a solo-miner uses, needs to have massive processing power to be able to compete with the pools, which can be very expensive. If you decide to join a pool, then choosing the right pool that meets your mining expectations is important, as well as understanding the different pay-out methods and how they will impact your earnings. The larger pools, that have been mining for longer, are more reliable and you can be more certain of receiving your profits. To calculate your expected earnings and see the best path to choose, you can use the calculator at this link. Check out our other post on Ethereum mining calculators . The top two Ethereum mining pools are Ethpool (and Ethermine (Together they have more than 27% of the network hashrate. The two share an underlying pool, but have different payment methods. Ethermine uses the PPLNS payment method , (Pay Per Last N Shares) which involves some luck in the payment but on average pays 5% more. Ethpool is a predicable solo mining pool and pays on the PPS method, a standard pay per share model. Ethermine has more than 200 000 active workers and processes about 32 blocks an hour, while Ethpool has about 12500 active workers and processes about 5 blocks an hour. See our full post on Ethpool vs Ethermine and the ethpool payout scheme . F2pool Also known as Discus Fish (F2pool has been operational since 2013 and contribute about 24% of the network hashrate Continue reading >>

Mining Bitcoin With A Gpu In 2018

Mining Bitcoin With A Gpu In 2018

Well its a new year! Happy 2018 to all of our readers! 2018 brings a lot of unknowns and a lot of uncertainty. And right in the middle of all of that uncertainty is Bitcoin in all of its weird and crazy glory. People are mining bitcoins like mad. Hardware is in such demand that the supply of Antminer ASIC mining hardware is at an all time high reaching more than double its asking price in just two months. And to top if off, price scalpers on eBay and Amazon are selling the Antminer S9 for almost $10,000 to people who are being driven by hype (note: At $10,000 the Antminer is not a good deal if profit is your motivation). This has brought back a rush of people asking the question: Is mining bitcoin with a GPU something to consider at these insane ASIC prices? Lets explore this conundrum and find out. The facts might surprise you! Mining is a funny term. Youre not really mining bitcoin in actuality. Bitcoin (and other cryptocurrencies) are based on a technology called Blockchain. Blockchain allows for a public ledger of transactions that are secure and safe from hacking. Miners are simply people or businesses who contribute the processing power of computers to the blockchain network, generally through a mining pool. This compute power could be CPU, GPU, FPGA, or ASIC based. Indeed in the early days of Bitcoin, mining was exclusively CPU based with GPUs following not too far behind. In those early days it was even possible to mine Bitcoins with computers as small as a Raspberry Pi . As the network grew and the difficulty rose, miners quickly moved to mining Bitcoin with a GPU. The progression of Bitcoin Mining went like this: CPU Mining The base standard which everything began GPU Mining A single GPU today is roughly equal to 30 CPUs ASIC Mining A single ASIC miner today Continue reading >>

Ethereum Mining On A Windows Pc

Ethereum Mining On A Windows Pc

Are you a Windows guy? Want to do Ethereum Mining? Great then youve come to the right place. Ethereum mining on a Windows PC take a little bit more work but really anyone can pick it up easily. This guide is a mining guide that goes through the steps on how to set up the software and configure it on a Windows PC. This guide does not show you how to build an ethereum mining rig . Download Geth .Gethis the program that communicates with theEthereum Networkand acts as the relay between your computer, its hardware and the rest of the Ethereum network. Once you have it downloaded, save it somewhere(Desktop is easiest) and unzip the file. Then copy Geth applicationtoyour C: drive. Next, start upCommand Prompt and navigate to the C: drive.If you dont know how to get to the C: drive, simply typecd \and now you be looking atC:\. Now you are ready to launch Geth. Just type geth account newand hit enter. You will be asked toenter a passphrase. You will not be able to see what you are typing. Guard this passphrase with your dear life! It locks your account and keeps your private key safe. If you lose it or gets stolen, you will lose all of your Ethereum that is held within the wallet held by that Private key. Once you have entered your password and confirmed it by entering it a second time you will have created a new wallet! The wallet address is given to you. Write it down or copy it since you will need this a bit later. Now that you have your wallet ready, you will need to getGethto start communicating with the rest of theEthereum network. Typegeth rpcand hit enter. The screen should start downloading theblockchain for Ethereum. You are synchronizing with the rest of the Ethereum network while it is downloading. The process can take up to a few hours so be patient. Sometimes you Continue reading >>

Ether Solo Mining - Crypto Mining Blog

Ether Solo Mining - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Quick Guide on Solo GPU Mining Ethereum on Windows AS requested here comes a simple guide on how to solo mine Ethereum Ether coins on a local system or within a network with multiple mining rigs. Note that at this point it is already pointless to try local solo mining with CPU only, and if you do not have enough GPU power available and you end up with some bad luck you may not be able to solve a block in a long time. Also our experience shows that geth may lockup at times when solo mining not sending new work from the current block, so do monitor your mining rigs carefully should you decide to try it. If you want to mine in a pool, then you might want to check out our other Quick Guide on How to Mine Ethereum on Windows . Before you get started you need to download the geth and ethminer Windows binaries from the link below, then just follow the instructions below: Open the geth folder and run geth-console.bat to start Ethereum in console mode The software will need to download the blockchain data, it can take some time In the console type: personal.newAccount("password") Instead of password in the quotes above write your own password and remember it well This will list your Ethereum wallet address To check your account balance you can type: web3.fromWei(eth.getBalance(eth.coinbase), "ether") First you need to unlock your account by typing in the console the following (replace password with your password): personal.unlockAccount(eth.accounts[0], "password") In the console type: eth.sendTransaction({from: 'your_address', to: 'recipient_address', value: web3.toWei(1, "ether")}) In the above code replace your_address and recipient_address with the respective addresses, the example is for sending Continue reading >>

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Last updated on August 15th, 2017 at 11:06 pm Getting Started with Ethereum Mining the video guide The good news is that getting started with Ethereum Mining is now easier than ever. You do not need to download the full Ethereum blockchain, which is now over 20+ GBs and still growing! You also do not need to manage clunky command line miners with manual instructions. For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner. Get the current version here from Claymores original Bitcointalk thread and then follow along with the steps in this video. The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes: If youre new to mining Ethereum , this guide covers all the important facts in a simple, low-jargon way. Lets start with some short answers to common questions about Ethereum mining: Q: Whyshould Imine Ethereum tokens (aka ether or ETH)? doesnt mining Ether take up a lot of electricity? A: If done properly, more money is earned by selling mined ETH than is spent on electricity. In other words, its profitable! You can check out the profitability with our Ethereum mining calculator . Q: Can I mine with my CPU (Personal computersprocessor) instead ofan expensive graphics card (GPU)? A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes. Q: Whats the best GPU to use for getting the most ETH for the least electricity? A: AMD cards tend to edge out similarly-priced NVidia cards in terms of efficiency. We cover the best cards to get under the heading GPU Hardware further down in this post. Q: Continue reading >>

Ethereum Cpu Mining: Impressive Solo Or Unprofitable Hobby?

Ethereum Cpu Mining: Impressive Solo Or Unprofitable Hobby?

Ethereum CPU Mining: impressive solo or unprofitable hobby? Ethereum CPU Mining: impressive solo or unprofitable hobby? Ethereum to the surprise of many amateurs and experts took the second place in the list of crypto-currencies and most likely isnt going to slip backwards thats why the issue of ethereum CPU Mining is also actual. Moreover in the nearest future ETH can become a worthy competitor for bitcoin. Interest in ethereum led to the fact that many users became mine it actively. What are the benefits of this type of cryptocurrency? Why does it make sense to invest in its mining? Unlike the bitcoin which creator continues to hide his face and presented only his nickname ethereum has got real fathers. ETH was created with the help of investors by the programmer from Canada Vitaliy Buterin and his Swedish colleague. Only thanks to ethereum cryptocurrency began to develop rapidly and everyone started talking about it. The blockchain technology ceased to be exclusively a term of programmers and became the basis for the of smart contracting and the prospects for business development. Ethereum is predicted a great future not only in the role of a payment instrument but also as a form of custody of assets including investments. On the basis of the blockchain various financial projects and socio-economic platforms have already been built. Another significant advantage of ETH is the relatively simple mining of this kind of cryptocurrency. So far solo-miners are taking an active part in the process. They are still getting ethereum on their home PC. There are several ways of mining ETH. If you do not take into account faucets then a home or office computer can become a fully usable tool. Farm filled with its asic-devices and even a powerful graphics card in this case will no Continue reading >>

Mining Ethereum Guide 2018 | Is It Possible To Get Rich By Mining?

Mining Ethereum Guide 2018 | Is It Possible To Get Rich By Mining?

In cryptocurrency, mining refers to the use of computer hardware and special software applications to find blocks on a given blockchain or platform. To put it simply, Ethereum mining refers to the computational process of finding ether. Ether is required in the implementation of smart contracts that are useful in verifying, approving and securing transactions of various applications that run on the Ethereum blockchain. To engage in Ethereum mining, you need the following: With the above in place, you can become a miner and get rewarded with ether every time you hit a hash. Let us look at the various ways of mining Ethereum. There are two ways of mining Ethereum: GPU Mining and Cloud Mining. For you to engage in Ethereum mining, you need to have specialized hardware commonly called GPU, short for (graphics processing unit) GPUs are preferred for Ethereum mining because they have more hashing power than the CPUs that were initially designed to do the mining. So, mining Ethereum requires you to have the best GPU and a rig. With this software and hardware in place, you can go ahead and try solo mining. GPU Mining is the most effective and profitable method of mining since it is 200 times faster than any other existing mining method. However, it needs a lot of electricity to run the hardware and software. It also requires high costs of maintenance when it comes to the hardware. Firstly, you need to have the right hardware. Any computer with a graphics card (or multiple graphics cards), of four gigabytes (or more) of video RAM, will work. Then download a miner. It is recommended that we join a pool since it enables us to get more transactions going through our computer. An excellent example of a mining pool is Claymores Miner. Next, create an Ethereum wallet in which Ethereu Continue reading >>

The Best Mining Pools Of 2018 For Cryptocurrency

The Best Mining Pools Of 2018 For Cryptocurrency

The best mining pools of 2018 for cryptocurrency The best mining pools of 2018 for cryptocurrency Ensure that your mining hardware hooks up with only the very best If you've taken the plunge with cryptocurrency mining and have a shiny new ASIC miner to hand, you may be tempted to fire it up immediately and start mining Bitcoins or your chosen cryptocurrency on your own. However, for the most popular currencies such as Bitcoin and Litecoin, it can take centuries to generate a valid 'block' on your own and make money. Mining pools exist as a way for multiple devices to work together across the internet, pooling their resources in performing complex calculations to generate blocks of data. The mining 'reward' as it's known is then split proportionally amongst each participant. The method used to allocate rewards and the final amount you'll receive will depend on the mining pool in question. In this guide we've explored five of the best known pools online today, to help you decide which is right for you. Where possible we've found pools with multiple servers around the world, allowing you to connect easily. If these pique your interest and you want more information, head over to the Bitcoin Wiki to see a detailed comparison of all the top pools. Veteran outfit with some useful help for newbies Slush Pool started out in 2010 when it was known as Bitcoin Pooled Mining Server before rebranding itself. It's the oldest currently active mining pool and has an excellent reputation for stability and accuracy. Currently Slush Pool is the fourth largest mining pool representing around 11.4% of hash power overall. The sign-up process is very simple and you can create a demo miner in order to familiarize yourself with the dashboard. The website itself offers both a simple and a more a Continue reading >>

Best Ethereum Mining Pools In 2018

Best Ethereum Mining Pools In 2018

We pay all Ethereum rewards (Blocks, Uncles & Fees) Customizable minimum payment threshold (Standard: 1 Ether, Minimum: 0.05 Ether, Maximum: 10 Ether) Global mining network with DDOS protected servers in the US East, US West, EU (France) and Singapore 24/7 availability via local and global failover servers Fullstratum support (supports all ethereum miners) Detailed global and per-worker statistics Email notification system, invalid shares warnings Continue reading >>

Ethereum Mining Profitablity Calculator

Ethereum Mining Profitablity Calculator

SwissBorg - Crypto Wealth Management on the Blockchain 10mln$ already raised. Become a Whale on 1 Swiss ICO ! This mining calculator will display your expected earnings in both Ether and Dollars. The calculations are based on the assumption that all conditions (difficulty and prices) remain as they are below. Continue reading >>

Best Bitcoin Mining Pools 2018 The Ultimate List Of Mining Pools

Best Bitcoin Mining Pools 2018 The Ultimate List Of Mining Pools

Bitcoin miners are a group of miners who are indulged in solving a block for earning bounty/reward. The reward is equally split among themselves according to their contributed mining hash power. Bitcoin pool is a way to mine their resources and to share their hashing power. A valid proof of work should be presented in order to gain reward. Initially, generating a single block was taking years for slower miners and then Bitcoin mining pool came into existence, where the miners would receive a portion of block reward and the blocks would be generated quickly. There are various Bitcoin mining pools and choosing the most popular one is quite enticing. It is preferred to choose a small Bitcoin pool to avoid potentially harmful concentration of hashing power. China rules the world in terms of possessing the largest number of Bitcoin pools. Bitcoin pools are ranked based on the hash power controlled by a pool. Here is a list of the Biggest mining pools with their hash power based on information from Blockchains pool share chart. Starting from the largest pool and ending with the smallest. AntPool (25.2%), BTC.TOP (11.2%), BTC.com (10.2%), Bixin (8.1%), BTCC Pool (7.3%), F2Pool (5.4%), ViaBTC (5%), BW.COM (5%), BitClub Network (4.8%), Bitcoin.com (3%), SlushPool (2.6%), Unknown (2.3%), GBMiners (2%), BitFury (1.9%), CANOE (1.2%), 1Hash (1.1%), Telco 214 (1.1%), Eligius (1%) BATPOOL (0.9%), Waterhole (0.6%), ConnectBTC (0.6%), Bitcoin India (0.2%), Solo CKPool (0.2%), BitcoinRussia (0.2%). There are a variety of mining pools for various cryptocurrencies. As the size of the pool increases, the payout decreases, as it is to be shared among many miners. There are different reward types that you should be aware of before mining. Pay-per-Share (PPS) The amount is fixed for each user Continue reading >>

Solo Mining Pools - Gambling For The 21st Century - 2miners Blog

Solo Mining Pools - Gambling For The 21st Century - 2miners Blog

Solo Mining Pools Gambling for the 21st Century In many countries, gambling is prohibited forcing those who want to catch their bluebird of happiness to go abroad or to select areas and visit casinos and slot halls.It just happens to be that mining is also a sort of casino, in its own way. And we will tell you why. The GPU miner rigs or ASIC devices of one miner are going through billions of combinations searching for the desired block solution. The moment fortune smiles at him and one of his devices find the right solution of the block; the miner gets the reward. The difficulty of mining the most popular cryptocurrencies is so high that the miner cant deal with it on his own. But if he calls his friends to help, and they will, there's a chance they will find the right solution pretty fast. They will split the reward in this case. Thats how the mining pools are born. In cases with different cryptocurrencies for each block found you get different amounts of coins. For instance, for a block of Zcash (ZEC) miner gets 10 coins (currently $2400), for a block in Ethereum network - 3 ETH coins or $900. There are also lower rates, for example, a block of Pirl will give you 10 coins ($4), Ethereum Classic - 5 coins ($84). Ah, dont forget about His Majesty Bitcoin...12.5 coins or $82530! Lets imagine you are rolling the dice and you need to get 6. In the perfect world, if you roll it many times, number 6 should appear in 16,67% of cases, i.e., every sixth time (since the dice has six faces), right? In real life, you can get lucky, and the number 6 will appear a few times in a row if you experiment. The process of solution searching in mining is equivalent to rolling the dice, even though it sounds strange. You are competing with the whole world, but the point doesnt change. Lets Continue reading >>

To Mine Or Buy Ethereum/zcash/monero In 2018

To Mine Or Buy Ethereum/zcash/monero In 2018

To Mine or Buy Ethereum/Zcash/Monero in 2018 Share on Facebook Share Share on Twitter Tweet Share Share Since the beginning of the second half of 2017, I call myself a proud crypto investor- currently investing in the 4 major cryptocurrencies - bitcoin, ethreum, litecoin and ripple. Starting July 2017,using dollar cost averaging I keep buying crypto coins once in the month. So far, the total crypto portfolio shows an awesome 132.98% year to date value growth. A couple of days ago I decided to give it a try and set up a 12 GPU ethreuem mining rig , for that I headed to Amazon.com and ordered goodies (motherboard, graphics card, risers, processor and so on) Now, in total, I spent $960 for a bare minimum, just one GPU, which I'm planning to extend during 2018, by adding a new card once in the month. I decided to compare/forecast/predict - should I rather had invested $960 directly purchasing ethereum, zcash or monero, instead of building a mining rig. From money invested in mining rig ($960), I could buy 2.03ETH. By knowing approximate hashingpower (22.5MH/s) and electric costs ($0.08) I calculated how much I could earn with just 1 GPUin one year. The result is not at all impressive - just 1.23 ETH. Apparently, if you are deciding to invest in mining rig - one GPUmight be too short to get back your investment in a foreseen future. As I'm planning to run a full 12 GPUEthreum mining rig, the cost for it would be, if all parts bought at once - $3,880.93. Let's see how much ETH a 12 GPUmining rig could theoretically produce in a year: 14.73 ETH - Now, that already seems as a nice result. If convertedback to the USD using today's ETH pricing (which is wrong, as we have no clue what will be the price for ETH at the end of 2018) we could get $6959.33, or profit at $3,079. Nice. Continue reading >>

Solo Vs Pool Mining With A Gpu

Solo Vs Pool Mining With A Gpu

Currently I'm using 1 r9 380 card with 20 MH. I've only been mining for 3 days straight (72hours). I used the Mining Calculators from Etherscan and Cryptocompare. While these sites calculate it will take me approximately 1 month to solve a block for 5 Ether on this single card, with the exponential rate of difficulty increasing is it futile to mine solo? Should I just jump into the adult swim (mining pool) for at minimum some payout in finney? Or should I expect some finney payout in my 20 mh solo mining efforts at least once a week if not daily? Basically I'll never see a single amount in my wallet , not even a penny ('finney') because the pools collectively out pace a 20 mh card (or even a 45mh rate for that matter if I added crossfire). To answer my question please also include the 'reward' process for solo mining. These calculators are not descriptive enough and I have yet to find a Q&A to this delimma. short answer too, that will take the exact opposite stance as @nicolas-massart ;) in the long run you'll be always better off mining solo, ever because you get uncles and pay no fees pool mining reduces your variance, period. this reddit post is quite interesting, it's basically @vitalik-buterin asking as to why people mine in pools. It's not true for all pools but most of them don't pay you uncles : that substracts to your gains.It's almost true for all pools, there is a fee that substracts to your gains too This reddit post is full of useful information and documented with tacit knowledge. Every novice should read this for sure. 01infiniti May 31 '16 at 17:06 Yes but this is not very clear if pool or solo wins... except for decentralization (but I guess most miners are mining for money before any other reason). Nicolas Massart Aug 16 at 7:38 Short answer : don't t Continue reading >>

The Best Gpu For Mining Ethereum (eth) In 2018: Amd & Nvidia Teasted

The Best Gpu For Mining Ethereum (eth) In 2018: Amd & Nvidia Teasted

At least one high-performance video card, but preferable 4-6 GPU per farm. A computer (system unit), of course, or a farm with installed operating system (Windows x64). Make sure that it is a 64-bit version. Decide on the currency that you want to mine. The Ethereum algorithm (dagger hashimoto) can be used to mine several cryptocurrencies, including: Ethereum Classic (ETC), Musicoin (MUSIC) etc. Since mining is on-line, we need Internet connection. Fast speed is not a must, but a good ping is desirable, we will explain this later. Select the Ethereum mining pool (POOL), choose the mining program and configure it. Select a stock exchange or Ethereum wallet where the coins will accumulate and a site where you can exchange coins for rubles and withdraw them into your bank account. A fast internet connect is not a must, but it should have a good ping. The best option is cable connection, but also Wi-Fi can also be used. Actually, Ethereum mining is not so different from mining other cryptocurrencies. Therefore, graphics card requirements are much the same. Lets start with memory. Choose at least 3GB, soon the minimum rise to 4GB due to the constantly increasing DAG file size. In this case your work will be efficient and you will receive a fairly quick payback. As for memory speed, the best is the DDR5 standard. Such GPUs have a good correlating between performance and power consumption. You will need a 256-bit bus because 128-bit buses are less efficient, and the mining speed is too low. Cooling system is very important in mining. Radeon is usually the best option. Among other things, they demonstrate a resistance to wear. But the last 10th generation of Nvidia demonstrates good results, and they are also easier to find in stores. Another parameter that is less significant Continue reading >>

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