Best setup for mining ethereum

By jmigdlc99 , October 8, in Mining. GPU mining rig glory days are over and most are hard pressed to turn a profit even with low electricity costs. However, it seems that lots of people are still interested in mining. Here was one of mine so clean and professional! Graphic Cards GPUs are not ideal for cryptocurrency mining.

But still its a worth try. I think GPUs are still slow at mining. If you decide to mine Bitcoin with a GPU, for example, you may wait years before you can mine one Bitcoin. S that thing on the image is called the mining rig, right? Why does it have a lit of fans, does it get too hot? Платят баллами в интернет-магазинах либо в евро на Paypal.

You can buy some RXs, which are quite cheap, consume not much power and are profitable on mining Ethereum. Now a days gpu mining for btc is not much profitable. FYI, in order to use bigger computer screws not M3 , you can drill a 3 mm hole and with a little effort the screw can cut the thread for itself. I have completed my build pictures of which I had posted before.

Pictured it utilises only one board and is mining Ethereum at I plan to add more graphic boards later. I am thinking to setup an mining setup at my home i dont know how to i setup this and connect all the devices please help me give me suggestion for mining on pc.

Thanks Cryptotalk for teaching me about the cryptoworld. Now i am earning good earnings from internet. Special thanks to Bigpat for helping me. This is how Ravencoin was born and launched January 3rd Gpu means graphical processing unit of the computer. Mining is not profitable today. The most important is the price of electricity. Mining ROI is increased. Certainly, the profits decreased and I agree with you about the first part of your words, but mining profits for some poor countries are still high, according to the difference in the national currency of each country with the dollar, so it is worth trying.

Bet Fury. Free BTC 1 Satoshi every day. Yes, your words are correct. Using GPU for mining is not an idea that will make you gain a lot But I am using antminer it is better and more efficient because it is specially prepared for mining. Life is great and enjoy it. The mining rig is my dream. I always wanted a mining rig to make my mining work the best and most productive.

B itcoin mining is no longuer supported by gpus. Some Motherboards can handle 15 to 20 GPUs. The Most Famous Wallet. I made a topic in this section about my mining rig, you can find it in the dedicated section. I am in activity sine the end of with the same hardwares. In some case, additional fans are useful. It is not worth mining cryptocurrencies in , but also, we do not know what the price of this coins will be in the future.

Holding can be good than mining because mining is now most difficult to achieve for profit. You can post now and register later. If you have an account, sign in now to post with your account. Paste as plain text instead. Only 75 emoji are allowed. Display as a link instead. Clear editor. Upload or insert images from URL. By OverM Started September 2, By epidemia Started September 27, By StaffMan Started October By Zizu Started February 19, Search In.

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Next up is NiceHashMiner , which is what most people will want to use. By default, it will ask you to log in using your NiceHash account details. Once launched, the first time it runs, NiceHashMiner will benchmark your hardware using various common mining hashing algorithms. Which algorithms and software get tested varies a bit by your GPU, and you can customize things quite a bit. Right now, DaggerHashimoto aka, Ethash, what Ethereum uses — a modified variant of DaggerHashimoto tends to be the most profitable, though sometimes Octopus or some other algorithm might sneak in some cycles.

The idea is that NiceHashMiner will choose whatever is currently the most profitable coin to mine, based on what people are willing to pay to lease your hardware. The initial benchmarks on NiceHashMiner can be a bit prone to error, unfortunately. That means the first algorithm benchmarked often ends up with an inflated result. You can get a better estimate of performance by using the Precise mode on the benchmark tab , which takes twice as long to benchmark.

You can also schedule an algorithm for retesting if you think the result is off, and by default it can be turned off NiceHashMiner will periodically download new versions of the miners and automatically retest. There are two big downsides to mining via NiceHash. The other downside is that NiceHash takes a cut of the amount paid, and the net result is generally lower payouts than mining Ethereum yourself. How big is the difference? Transitioning over to a mining pool instead of NiceHash opens up more opportunities, to both software and method of payment.

The first choice is what mining pool to use. Most of those reasons are altruistic, like not wanting any one pool to control too much of the total network hash rate, so our advice is to go with a larger pool. Google is your friend. Also pay attention to the payout scheme and payout requirements for the pool. For example, Ethermine. It also pays out weekly if you hit at least 0. The payout schemes meanwhile are designed to discourage pool hopping i.

We recommend setting up an online wallet, through a service like MyEtherWallet , and use that address for your pool payouts. Once everything is in place, you can finally launch your miner. A lot of the miners have sample configurations for popular pools that you can edit, and the pool itself will have configuration details on how to connect. So as an example, launching T-rex mining with Ethermine looks like this: t-rex. Doing all of that with pool mining requires more time and effort, which is why a lot of people are willing to take a bit less in the way of coins.

Statistically, your chances of solving a block are equal to your percentage of the total hash rate of the network. Mathematically, Ethereum averages around blocks per day, so your odds would be about 8. The proof of stake transition will happen long before then.

In practice, the mining pools have a much higher chance of solving and getting credited with a block. How much is a single block worth? Basically, 3. For all but the most dedicated of mining operations, the steady payouts that come from joining a mining pool are a far safer approach. What do you need to do? First, you have to set up an Ethereum wallet and download the Ethereum blockchain.

The theoretical benefit to solo mining is that you get the whole block reward plus fees, with no percentage going to the pool. This is much easier to use than pure solo mining, but without a decent amount of hashing power it will take quite some time to reach the point where you get the rewards from mining a block.

With the above information, you can now fire up your PC and begin mining. The bad news is that actual long-term profitability is far less clear cut. The real difficulty is predicting where cryptocurrency will go next. The most important thing to keep in mind is that cryptocurrencies are volatile. Things are in a constant state of flux. Just look at the price of Ethereum since it launched back in Note: The following charts were last updated in March, but the patterns outlined here have continued.

Everyone joining the bandwagon now might have missed the best part of the ride. In , you would have accrued an additional Ether — twice the time mined, a bit more than half the rewards. Some will throw caution to the wind and look to maximize hash rates in pursuit of short-term gains. AMD and Nvidia GPUs are tuned somewhat conservatively, with the intent to allow for many hours of gaming, every day, for several years. Striking a balance between raw performance, efficiency, and profits is key.

The difficulty is that what works well on one GPU, and even on one particular card using a specific GPU, may not work everywhere. Each family has different features. With gaming GPUs, the expectation is that cards are only used at most maybe 12 hours per day. Rather than cranking up graphics card fan speeds, an alternate solution is to just get a big and cheap box fan and aim it at your PC. If you want a reasonable estimate of where a card should run its fans, turn off the overclock and run a game at p ultra settings and just let it run for 15—20 minutes, and then check temperatures, fan speeds, clocks, etc.

Next, temperatures. Some totally failed and some were just very unstable. Nearly all of them had fans go bad, and RMAs were a complete pain. It took weeks to get a card back, and some manufacturers even refused warranty service "due to physical damage" or other such claims.

The manufacturers are going to see higher RMA rates with another mining boom, and some will use any reason to deny a claim that they can find. Memory speed is a key factor in Ethereum mining performance. While tuning memory clocks, you want to pay attention to long-term hash rates.

An RTX with memory running at 20Gbps and a 1. Learn about the the most secure vaults in the world, and how you can acquire one of such vaults yourself! Learn how to convert Bitcoin to cash on Binance P2P, and start exchanging today! However, there is a countless number of ways to construct your mining rig. The easiest way to get into the cryptocurrency mining world is to gather every single part of information there is, analyze it and conclude, and then use the filtered information to collect and assemble your first rig.

This will give you a chance to make your judgments and grow through the process. Remember to choose reputable software before you start your machine up. After that, all you need to deal with are the electricity cost and cooling conditions. Ethereum mining hardware tends to get hot.

You must have some sort of air conditioning and special cooling equipment. You will have wasted all of your investments and time. As for electricity, your best bet is to find someplace that offers super cheap electricity but is somewhat spacious especially if your long-term plans are to build a farm.

However, apart from that, you can also consider buying Ethereum on reliable cryptocurrency exchanges and even consider starting trading. A few of the recommended platforms include Coinbase and Binance. We have reached the end of this Ethereum mining rig guide.

We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours! Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.

That said, many users believe that Coinbase is one of the simpler exchanges on the current market. The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States i. Coinbase or Kraken , there are other very well-known industry leaders that are located all over the world. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

See Best Crypto Exchange for Miners. By Laura M. All the content on BitDegree. The real context behind every covered topic must always be revealed to the reader. Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Laura M.

Table of Contents 1. Ethereum Mining Hardware - Rig 1. Types of Mining Rigs 2. Building a Mining Rig 3. Best Motherboard For Mining 4. How to Build a Mining Rig? Buying a Rig 7. Verified Staff Pick. Rating 5. Get coupon. Your Discount is activated! The Most Liked Findings Looking for more in-depth information on related topics? Pros Can be managed from mobile device Very secure Supports more than cryptocurrencies.

Pros Top-notch security Touchscreen user interface Easy to set up. Pros Super secure Protection against physical damage Supports more than coins and tokens. Read review. How we review crypto exchanges 1. Collect data based on user reviews. Investigate the crypto exchanges online. Usually, test the crypto exchanges ourselves.

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