Last updated June 27, 2017 Now that you already know about the, we’re going to talk about Bitcoin mining software. What is Bitcoin Mining Software? Bitcoin mining hardware handles the actual Bitcoin mining process, but: Bitcoin mining software is equally as important. • If you are a solo miner: the mining software connects your Bitcoin miner to the blockchain. • If you mine with a pool: the software will connect you to your. • If you are: you do not need mining software. Importance of Bitcoin Mining Software • • • • • • • The main job of the software is to deliver the mining hardware’s work to the rest of the Bitcoin network and to receive the completed work from other miners on the network. Bitcoin mining software monitors this input and output of your miner while also displaying statistics such as the speed of your miner, hashrate, fan speed and the temperature. Bitcoin Wallets One of the most important things you will need before using any kind of Bitcoin mining software is a wallet. This is because all Bitcoin mining software will ask you for a Bitcoin address that will be used to send your mining rewards and payouts. Once you create or download a wallet you will be able to get a Bitcoin address from your wallet. There are, but these are the ones we recommend if you are just starting out: • – Secure Bitcoin hardware wallet for all platforms. You can use the cloud to earn your coins. Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on. However, there are certain risks associated with cloud mining that investors. Cloud; Profit Calculator. What is Bitcoin Mining Software? Bitcoin mining hardware handles the. Need before using any kind of Bitcoin mining software is a wallet. • – Simple Bitcoin wallet that works on Mac, Windows, and Linux. • – The most popular Bitcoin wallet on Android. • – The most popular Bitcoin wallet for iOS. If you expect to earn a lot of money through mining then it would be smart to purchase a more secure wallet: a hardware wallet.Now that we understand mining software and how it helps in the mining process, and you got your Bitcoin wallet and address, let’s look at different software on different operating systems. Bitcoin Mining Software for Windows Bitcoin Miner You can use on Windows 10 and Windows 8.1. It has an easy to use interface, power saving mode, mining pool support and fast share submission. One useful feature is the profit reports feature because this feature will help you know if your mining is profitable or not. The latest version of this software is Bitcoin Miner 1.27.0. BTCMiner is an Open Source Bitcoin Miner for ZTEX USB-FPGA modules 1.5. BTCMiner comes with the following features: • Dynamic frequency scaling in that BTCMiner automatically chooses the frequency with the highest rate of valid hashes • Ready-to-use Bitstream i.e. No Xilinx software or license required. It also comes with supported FPGA boards which contain a USB interface used for communication and programming. CGMiner is arguably the most famous and commonly used among Bitcoin miners at the moment. CGMiner is based on the original code of CPU Miner. This software has many features but the main ones include: • fan speed control • remote interface capabilities • self-detection of new blocks with a mini database • multi GPU support • CPU mining support BFGMiner is more or less the same as CGMiner. The only major difference is that it doesn’t focus on GPUs like CGMiner but instead it is designed specifically for ASICs. Some unique features of BFGMiner include: mining with free mesa/LLVM OpenCL, ADL device reordering by PCI bus ID, integrated overclocking and fan control. EasyMiner is GUI based and it acts as a convenient wrapper for CGMiner and BFGMiner software. This software supports the getwork mining protocol as well as stratum mining protocol. It can also be used for both solo and pooled mining. Among its main features is that it configures your miner and provides performance graphs for easy visualization of your mining activity. Bitcoin Mining Software for Linux CGMiner is arguably the most famous and commonly used among Bitcoin miners at the moment. CGMiner is based on the original code of CPU Miner. This software has many features but the main ones include: fan speed control, remote interface capabilities, self-detection of new blocks with a mini database, multi GPU support and CPU mining support. BFGMiner is more or less the same as CGMiner. The only major difference is that it doesn’t focus on GPUs like CGMiner but instead it is designed specifically for ASICs. Some unique features of BFGMiner include: mining with free mesa/LLVM OpenCL, ADL device reordering by PCI bus ID, integrated overclocking and fan control. EasyMiner is a GUI based software and it acts as a convenient wrapper for CGMiner and BFGMiner software. This software supports the getwork mining protocol as well as stratum mining protocol. It can also be used for both solo and pooled mining. Among its main features is that it configures your miner and provides performance graphs for easy visualization of your mining activity. Bitcoin Mining Software for Mac OS X RPC Miner can be used on Mac OS 10.6 or higher and features integration with Mac OS APIs and systems. More All of the mining software above listed for Linux and Windows also works for Mac OS X. Scroll up to learn more! Cash Out your Coins Once you have this setup and are mining, you may need to cash out some of your coins in order to pay off your expenses such as electricity. For this you can use to find a Bitcoin exchange in your country.
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The costs of mining Ether can be very high, with electricity costs and the cost of setting up a mining rig that can process at the speed required. As the rewards of mining can be slow and intermittent, many miners choose to combine their and create an, increasing the speed at which blocks are processed and the profits paid out. This post will focus on the two main pools, Ethpool vs Ethermine. For information on other pools, see our post on the. Miners then share the rewards of the payout on proof of work. Is the fastest growing cryptocurrency, more than 2000% since its launch, in the market and Ethereum miner’s work for tokens called “Ether”. Payments to the miners can work on different principles and calculations, depending on the type of pool they have joined. Ethpool vs Ethermine Two of the biggest Ethereum mining pools are Ethpool and Ethermine, which run on the same platform and have combined process of more than 25% of the total network hashpower. However the manner in which the pools run, and the risks and rewards are quite different. I've come across a decent amount of Microsoft Azure credit and want to use it to to mine cryptocurrency. I am writing to ask: which computer to run the VM on - Azure. In this section you can find synonyms for. Please try again with some different keywords. Bitcoin ethereum arbitrage bitcoin cloud mining bitcointalk. Results 1 - 48 of 957 - Ethereum CoinWarz Ethereum mining calculator. Enter your mining rig's hash rate and the CoinWarz Ethereum calculator will use the current difficulty and exchange rate to calculate how much profit and how many cryptocurrency coins you can earn. Ethereum Hash Rate 108.00 MH/s. Jul 25, 2016 The. Both pools run on a global network with servers based the United States, Europe and Singapore, which are fully redundant and run 24/7. Ethpool Ethpool is a predictable solo mining pool and 100% of the proceeds are paid to the miner that contributed the most work. Jan 15, 2018 - The current Bitcoin difficulty, Bitcoin block reward, and Bitcoin price will be entered Mining profitability calculator? Ethereum Cryptonote Scrypt Equihash Cloud Mining. Exchange rates by Changelly. A calculator may even come in handy when evaluating mining business as it offers. (Please also see our articles on Cloud Mining and Mining schemes in South Africa, and bitcoin schemes in South Africa). Profit calculator websites on the internet generally do not offer the full picture, and many times they are completely wrong. Below is a chart showing the changes in the difficulty so far this year. By using Ethpool you get the advantages of pooled mining with a solo mining payment scheme. Ethpool offer miners the ability to mine anonymously and supports all types of Ethereum miners. Full support is offered to miners, including those using Stratum protocol. There is a big reduction in variance so miners earn their payment as soon as their work is equal to the difficulty of the block. The site includes online mining statistics and can help you estimate your earnings, when used with a. The pool fee is currently 1%. Ethpool offers e-mail monitoring of your work in progress and e-mail notification of found blocks. Ethpool has about 12,500 active workers and processes about 5 blocks an hour. Uncles (blocks that are almost correct) are paid on top of full block rewards. Ethermine Ethermine works on the PPLNS (Pay Per Last N Shares) payout scheme, which includes a luck factor in the calculation of the payment and favours loyal pool clients versus those that jump from pool to pool. As with Ethpool, full Stratum support is available and payments are made instantly with the minimum payout being a single Ether. The pool fee for participation is also 1%. Ethermine promises all miners accurate hashtag reporting and low costs due to the efficiency of the mining rigs. E-mail reporting and tracking is available on Ethermine as well as notifications of invalid shares and detailed per-worker and global statistics. Ethermine has more than 200,000 active workers and process about 35 blocks an hour. Cloud Mining As an alternative to Ethereum pool mining, a miner can use, where instead of providing a and combining resources, an organisation that specializes in cloud mining will do the mining on the miners behalf for a fee and then pays a percentage of the profit made. The Ethereum Difficulty Bomb Makes Mining Impossible It is important to understand the problem of the difficulty bomb first and foremost. When Ethereum was first created, the developers had to create a consensus algorithm. Similar to Bitcoin, this consensus is achieved through mining in a proof-of-work environment. However, with the mining difficult going up over time, it could potentially create a problematic scenario. After all, it does not appear there will be ASIC-like mining hardware for Ethereum anytime soon. However, the Ethereum developers have come up with a different plan. From the outset, the plan was to make Ethereum mining impossible at some point in the future. This change will be introduced through an arbitrarily difficult block to mine, which will effectively create the difficulty bomb in question. As this difficulty bomb is activated on the network, the mining difficulty will skyrocket and eventually make Ethereum mining unfeasible and extremely unprofitable. Some people would expect this to be the end of Ethereum, but there is no reason to panic just yet. The goal is to switch over to a proof-of-stake algorithm before the Ethereum difficulty bomb can even become a problem. Right now, that PoS algorithm is still in development, albeit its completion appears to be imminent. Do keep in mind there is still no official launch date for the switch to proof-of-stake at the time of publication. The Ethereum difficulty bomb was originally supposed to be introduced as a form of smart contract. That plan of action was changed in favor of a difficulty adjustment scheme, which was introduced as part of the Frontier update in 2015. As part of this new schedule, it also became apparent the difficulty bomb would force another major Ethereum hard fork in the very near future. Such a hard fork is indeed on the horizon for Ethereum, as we all know. It is quite interesting to see developers introduce a mandatory difficulty bomb to switch over to proof-of-stake, though. Such a thing would be unthinkable where Bitcoin is concerned, since there seems to be no need for it right away. Then again, Ethereum is a very different breed of cryptocurrency, and switching to proof-of-stake has always been one of its main objectives for some time now. There is no reason to think the difficulty bomb will ever become an issue, assuming the switch to PoS can be completed before that time. In the end, the Ethereum difficulty bomb is quite an interesting way to set a development deadline for the switch to proof-of-stake. It sounds a lot more dangerous than it really is, since the development team has all of their ducks in a row. Moreover, the difficulty bomb will “force” the entire ecosystem to move over whatever the Ethereum ecosystem turns into after the next hard fork. Otherwise, users would be stuck with a blockchain that will not grow much longer once the mining difficulty spikes to unmanageable heights. If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news. Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Time Frame ZEC Coins BTC (ZEC/BTC at 0.04016303) USD (BTC at $11,750.50) Power Cost (in USD) Pool Fees (in USD) Profit (in USD) Hourly 0.00065223 0.00002620 $0.31 $0.06 $0.00 $0.25 Daily 0.01565355 0.00062869 $7.39 $1.44 $0.00 $5.95 Weekly 0.10957485 0.00440086 $51.71 $10.08 $0.00 $41.63 Monthly 0.46960649 0.01886082 $221.62 $43.20 $0.00 $178.42 Annually 5.71354568 0.22947331 $2,696.43 $525.60 $0.00 $2,170.83. Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining. The latest news in the Bitcoin space is one that. Twitter feed. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. ZCash DigiByte Ripple. How to Identify a Bitcoin or Ethereum Cloud Mining Scam? Cloud Mining Calculator October 2017 with calculations from Genesis Mining and Hashflare. Compare Bitcoin, Litecoin, Dash, Zcash, Ethereum and Monero. It will show your profit in four sections; daily, weekly, monthly and yearly. This is based on the difficulty level of Zcash, as well as the exchange rate and price of ZEC to USD. We will also show you the time, in days, it will take for you to break even, taking into account your initial contract fee for cloud mining or your hardware. Jan 17, 2018 - Blockchain, is a type of a ledger that confirms transactions and lives in a distributed-fashion in the cloud. In other words, a. Although Zcash is already a mature coin, it is still not coming close to the load and size of Bitcoin's and Ethereum's chains, so, in most cases, mining it is more profitable. In 2016 when. If you're new to cryptocurrency mining or a pro running the numbers, this profitability calculator is for you. It can tell you your estimated profit margins, based on your hashing power/hash rate and any pool fees you may incur. If you're using a mining rig at home, input the hardware costs, power usage and power costs in kw per hour. This can be found on an electricity bill, or a quick online search for averages in your area if you're unsure. If you're using a cloud mining service, input the price of your contract. Then just click calculate. The results of the calculation are displayed below, in daily, weekly, monthly and yearly profits. It's based on the current price of KMD to USD along with the current difficulty level of Komodo. It will also show you how many days it will take you to break even, considering your initial contract costs for cloud mining or your hardware costs if you're mining at home. Jul 5, 2014 - Manage and monitor mining of Bitcoin, Litecoin, Ethereum, Zcash and more. GPU and Devices Monitor the status and temperature of GPU, FPGA, ASIC devices. System information available for CPU, GPU, memory and storage. Download and read more on the Awesome Miner web site. Jan 17, 2018 - For this reason, people shifted to using powerful “gamers” graphics card processes (GPU mining), as their design solves those puzzles much faster than a CPU. A pool of miners unites the calculation power of a workforce of small miners in order to obtain a significant mining power (aka hash rate), thus. For the first to postulate ethereum mining made easy that the harsh environment in space. In recent years social issues such as copper, zinc, lead and help Sharon do maintenance work and at that time. 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Hey everyone, I got some good feedback on my beginners guide check it out here if you don't already know how to use MSI afterburner, Nicehash Auto switching miner or how to calculate your electricity usage and profits on whattomine.com. If you are familar with all that then the following guide is aimed at squeezing that extra $1 per day out of each card and tweaking it for extra hashing power. Which cards can make you a profit on. Listed in order of profitably and resale value. Note I only list very common cards other less common but powerful models are also good. GTX 1080ti GTX1070 GTX 1080 GTX 1060 RX570 RX480 - Will need to be retired in one or two months so if you have these SELL now as they will still get a high price. Note that you are kind of ripping people off if you do sell high and they are unaware of the coming changes to mining ETH so please be aware. So you know how to mine with nicehash.exe and its giving you a steady profit. Most of the cards listed above will give you a very similar ROI (return on investment). They will pay themselves off in 3-6 months depending on BTC price etc. Except the AMD cards are generally a bit slower on returns. The 1070 is ranked higher than the 1080 as they are very similar but the 1070 has the benefit of having some models that only take up one slot so if you want to fit more cards in a single case having one of these might be worth it. 1080 ti is ranked the highest for one reason. Once it is paid off it's all profit. You want to fit as many cards on one motherboard as you can and you may as well have the most powerful if they pay themselves off at the same rate. That way you can fit more in your system without having to buy another CPU/MB/PSU etc. Where to buy. New egg and amazon a great places to pick these cards up if you live in the US you get bonus points on amazon? And newegg has great deals and points too. I live in New Zealand so I have to suffer and just buy at my local computer store. Also buy new unless you can get the receipt for second hand as these cards have 3 year warranty. Which coin to mine and calculators For the purposes of this guide assume all hash rates (mining speed) is based on the 1080 ti. As they are all relevant to their price per performance. For example the 1080 might cost 30% less but it also hashes at 30% less etc etc). Note the RX480 and RX570 probably are not as efficient based on their price as they are selling second hand for sometimes more than people paid for them. I would not be buying these cards anymore. 3.1 Advanced mining. So nicehash will automatically pick the most profitably coin to mine for you and mine it. It will pick the best miner and algorithm also so all the hard work is done. But if you want to squeeze an extra $1 or sometimes 2$ per card there is better ways to do it. There is several popular command line miners. They can mine different coins and algorithms and some are better and some are not. Nicehash has tried to keep up but it is usually a little bit behind. To find profitable coins use this link. By default it is set to 3x 280X at non tweaked settings but it gives you a good indication, 3x 280 is similar to 1x 1080ti but the 1080 ti uses less power. You can select your card but clicking on the name of the card and it will go red. You can configure your cards and how fast they go as well as how my electricity they use as your power cost. You can even put in your hardware costs to see how long it would take to pay off the card. Use whattomine as a guide. Take Zcash (zec) for example on a 1080 ti. It is a very stable and profitable coin to mine. Most will use ccminer or some other miner to mine it. A typical hash rate would be 500 sol (same as hash mh/s). But if you get an advanced miner that targets this coin you can get a massive boost of upto say 720 sol. Usually these miners are free but sometimes the developer will take 1-2% of your earnings. This is very very fair. They are generally taking 10cents a day off you and giving you an extra 1-2$ sometimes more depending on the rates. So from that picture you are making $5.54 USD a day and spending around $1.25 a day on power, that is $4.27 a day profit. As the price of BTC goes up or you can hold your mining earnings and sell when its up the better the price is. Zec and everything is about to take a massive dive so by the time you read this guide the prices might have gone up or down. Those prices will rebound and it is the risk we take. But you can move onto other coins etc. Once you have found a coin you like click the coins section on whattomine.com and input your values for it and this will give you a more accurate reading. How to mine with advanced miners Nicehash.exe is so simple that this is where it could get confusing. So you have picked your coin or algorithm (algorithms sometimes mine multiple coins switching between which one is more profitable). Now you need a miner. Note not all miner programs work with both Nvidia/AMD most of the recent ones tend to optimize Nvidia over AMD or don't support AMD at all. A - For zcash (ZEC) you will want to use EWBF's CUDA Zcash miner v0.3.4b. () or version 0.3.3b is also fine. This miner will give you around 30% boost of most other zcash miners. Nicehash now has this built into is latest version. B - Download the file and extract this to your desired folder for example 'C: mining EWBF'. Now find the start.bat right click and select EDIT. It is an example of the basic commands to use to start mining. I will give you an example so don't worry. C - Make sure you have a BTC wallet where you want to send your BTC as this guide is showing you how to mine ZEC but auto convert it to BTC as this is generally best practice. If you want to actually keep the coin you are mining that is more complicated and I will not be showing it here but you can easily google for the solution. You can use an exchange or you can use your own personal wallet or you can use Nicehash wallet. Personally I use nicehash wallet as there is a 3% fee to use external wallet and a 2.3% fee if you use nicehash. Also if you go external and you have only one card the minimum payout usually takes a week. If you use the nicehash wallet you can get paid out every day or every second day. D - Select your mining pool. You can solo mine or pool mine. Think of it like a real gold mine. You are trying to find blocks or in this case gold. If you are by yourself in a big gold mine you could go for months and find nothing or strike gold if you were super lucky. If you go as a group and share all the profits regardless of who finds what that is what a mining pool is. You can earn bonuses but you generally don't need too worry about that. Always use a mining pool. Solo mining is for people with lots of cards and advanced knowledge. I generally use nicehash pool because of the auto convert to BTC. But you can use any pool you want but remember they have different fees and reliability. - This is a list of all the different algorithms and pools for the different miners. We will be using equihash.usa.nicehash.com because zec uses Equihash to mine. Choose a different one based on your location for better reliability. Nicehash.com also has lists of other pools you can use too. Other useful pools are as follows. Www.nanopool.com you can set lower limits on the payouts to get paid sooner but it does not auto convert to BTC so you must have a wallet per coin. Nanopool has a great wizard for mining setup. Just select the coin you want to mine and it will tell you what to download and create the bat files for you and you are good to go. But it is not always the most optimised so you may as well just use nicehash.exe. Zpool.ca Auto converts to BTC or whatever coin you want and has lower fees but occasionally gets DDos attacked resulting in brief connectivity loss. E - edit the command file or.bat file. Right click start.bat and select edit. Here is mine for example with my Wallet address. Miner --server equihash.usa.nicehash.com --user 3Dz5TNYhKHf19XJBXkjGY6fdYALpEwVkUy.Ryzen --pass x --port 3357 --pec Replace with your wallet key and where it says 'Ryzen' just put the name of your miner in there. Everything else can be left as is. F - Configuration. This is the most important step. Most cards their sweet spot is around 65-75% reduced TPD or reduced power. Open MSI afterburner that you already know how to use from my last guide. You will be custom setting the settings per miner. Where as with Nicehash.exe you set it to settings that work good for most miners. Set pretty much exactly like this. 75% TPD is a sweet spot, you would only set it higher if the price of zcash went up alot. Zcash likes higher clock speeds 1080ti can go from +50 to +200 for the clock speeds. +50 is safe on almost all models. Already overclocked models dont like to go much over +100. Stock models can sometimes go upto +200. Google your card to find what others have set it to. If you set it and start mining and your PC freezes you set it too high. Zcash mining doesn't really get any benefit from overclocking the memory so just leave it at zero. Some claim that you can set it to -502 and it doesn't change the hash rate. For zcash I find +0 is better and the negative setting is not really doing anything it might stress the memory less. Try it yourself. Make sure your temp is under 60-70 adjust the fan accordingly. Some algorithms such as Skein do run the same at -502 as setting it to zero so it doesn't hurt. Please stick to default settings other than TPD 75% when you first start the miner so you know you are stable then try to tweak the settings up slowly. Note on bat files. You can save individual bat files for each different miner. Or if you use the same miner but sometimes use a different pool create a new bat file for that configuration. Another thing I do is write down the MSI tweak settings for each card inside that bat file so you dont forget what works well for each card/coin. Extra requirements that most miners need if you have a Nvidia card. (install in this order) • Nvidia cuda latest version • Latest drivers for GPU • Microsoft Visual C++ 2015 Redistributable 6. The fun part. Double click the start.bat to start mining. Monitor your temp and adjust the fan speed to compensate. You can see I have two cards in this rig. It is my gaming computer and I have not optimized it so you can see the Hash rate or SOL is not high but it is not terrible either. Also it can take a while to ramp up. Aim for around 4 Sol/W by lowering or upping the TPD and tweaking the core clock. Mine is set to +0 in this test. Depending on what pool you use you can see your stats in near real time to make sure it is working. Finding info I would recommend these forums for finding stuff to mine and effeciency etc. Find what you want to mine. Get the miner, choose a pool. Tweak and configure. Find out your hash rate and put it in a calculator to make sure it is making more profit than Nicehash.exe. I personally mostly mine Zec and some other ones like HUSH or occasionally a coin will spike so high you will target it. You can google search to find out which miner you need or which is the best and how to configure the bat file. I recommend starting out just using nicehash pool because it is simple and auto converts to BTC. Autoconvert to BTC is the best way. Most coins follow the price of BTC. So mine what is profitable at the time and buy whatever coins you want with it. A QUICK WARNING Just a note guys prices are the lowest I have every seen for mining returns. But they are still profitable. If you have a gaming computer may as well do it. Just hold your BTC and sell it later at a higher price. Things are going to be rough over the next month or so as most coins will drop because of the BTC 1st AUG announcement. My next blog I will go over using the exchange and converting back to real $$$ if this blog proves popular enough for me to write another one. I am sorry if there is a lot of information but it is hard to skip over anything. I will also be covering multiple GPU's in a single rig. Up to four or five in one. Build in progress this rig is currently running 2x 1080 ti outside of the case. Waiting for parts to connect two more cards. I used to mine bitcoin, litecoin, and ethereum using AMD 7950's, 6950's and 5850's across multiple desktops with about 2-3 cards inside each. Just wanted to say watch out for the electricity bill because they are in tiers. If you go over a certain level, they start charging like crazy. +1 to Nanopool that's what I used for ETH. Lastly, a lot of people say just buy the coin and don't waste on mining. I disagree to an extent. It's a good idea if you like to game and it's an investment that gets paid back eventually while being able to play whatever games your into. +The video cards still have great resale value because of the mining demand. WIll give the step by step that I am using: (Not saying that you guys should do this) 1- buy an L3 machine on hashnest.com for $ 3600 2- Wait the L3 stock run out (usually takes 5 days to the stock run out) 3 - After the stock runs out.let it mine litecoin for 10 days 4- After 10 days the price of the hashpower on the market doubles.then u just sell the L3 that you purchase for 3600 for 7200. (You will have 100% profit + the 10 days mining litecoin) 5 - Wait the stock of L3 to be available again and this time you will purchase 2 L3 and do the same procedure. 6- repeat the process Check it out. Don't also forget Ethereum Classic. They will keep rewarding miners forever, not switching to PoS Casper algo. Helping to prolong the profitability of AMD Rx 470/480 if the community and idea stay strong. They got some cool projects going on, some really cool ICO's that don't feel as 'scammy' as many of the ETH ones. I am not biased towards any of the coins, i have mined both and am invested in both, just wanted to make that as a note. I think many miners will go to ETC, right know it is almost as profitable to mine ETC as ETH, and as miners work towards ROI, we will see what happens in the future. But i think many of the AMD cards will be switched to ETC when Casper hits. Great post, great that you are helping people get it going! Peace and Steem on friends.:). Be sure to check out my latest guide number #3 it shows you how to get a rig all setup and what you need to be able to build a 4 or 5 GPU rig. Guide #4 will be all about building the rig and what you need and what to watch out for. I should have it ready in 3-5 days. You are right to wait. Until after 1st AUG see how fast the prices bounce back. If they bounce back fast you are good to go and profits will be good. But you can get in now and pay off your gear sooner rather than later as you can hold any profits you mine now and they will be worth more thwn it recovers. Very nicely detailed post. A couple suggestions by me: • I use Jaxx as my wallet and can store ZCash directly there - no need to auto convert first. Jaxx stores multiple currencies and is worth a look. • Suprnova is a pretty decent pool for most coins. I've been really happy with their interface and quick payouts, as well as the convenience of having one universal login across all of their domains. • Save a bat file for each different coin you mine. Once set up and it's stable, you no longer have to edit the command line config every time. So for EWBF's miner, I have batch files such as Start-Zcash.bat, Start-Zen.bat, Start-Hush.bat and so on. • Get solar power! This is nowhere as simple as the previous three tips of course, but hey. My house has a few panels on the roof bringing in more than we spend on electricity every month. I'm able to run a rig of 7 GTX 1070s at zero electricity cost as a result, and this seriously adds up over time. You're still, like the article says, able to be profitable even with high elec costs at the moment, but if you're keen to get mining then look into solar as a long term investment (plus, mining aside, it's just so much better for the planet!). • The point is you don't want to store the coin. I mean you can if you want. But I firmly believe in auto converting to BTC as the best option when mining. It is the safest way to protect your profits. If you then want to turn around and invest in certain coins you can pick your moment and buy when the buying is good. I do use Jaxx wallet but generally not for storing coin. • Suprnova is decent but has had issues I prefer nanopool but either would be fine. • Good advice. This is what I do too I will add a line to my blog as I figured most people would just do it that way without being told. • Solar would be amazing. I just don't have 20k to drop on it right now:D. I would use teamviewer it acts more like you are actually on the PC rather than making a remote session, you can name your rigs. Also there is lots of tweaks you can do to disable updates etc. I will do a blog on tweaks. I have a bat file you can run and it does all that stuff in a few minutes automatically. You can set the overclock and power tweaks in the miner batch files instead of MSI afterburner. Personally it is a bit of work so I just have the values in the batch file but I manually configure them in MSI afterburner and save the profile. It is true to some extent. It checks every 6 minutes i think. And most of the time that is true. But nicehash doesn't support every single miner and algorithm. There is custom algorithms that mine certain coins faster. Most of the top 5 coins to mine in nicehash will only be 20-30 cents difference all day long. Now if you get a custom miner that is 30% more efficient on a single coin it is going to beat nicehash all day long. For example I was mining ZEC on EWBF 0.3.3.b for around 3 months before it was included in nicehash. You can see details on how to manuually mine it in my guide #2. But it is now included in nicehash. I currently do not know of any that are that good out there right now so nicehash is good. But it doesn't mine every coin and algo still so you can find some coins that are more profitable. Generally they are hard to find and the profits run out once they become popular to mine. Mining on your own basically you get all the profit. Only 2-3% is given to the mining pool and other people. Depending on the price of BTC your power can cost 5-15% of your profits. So that 2% margin the mining power. They onsell that 2% margin to suckers. They will likely allow you to make 2% margin if you are lucky. That is if the price doesn't drop and stays the say. The only way you can make money from mining contracts is if the price of the coin you are mining goes up, so you may as well have bought the coin outright with your money in the firse place because you would not be locked into any fixed contracts or referal schemes or monthly fees. Just buy the coin and you are free to do with it whatever you want when you want. They are a ponzi scheme at best. Half the time you spend trying to sucker in other people just to make ends meet. 2 years is crazy in mining. 1 year is crazy. I plan to sell up all my cards every 6 months and buy the latest ones, only as long as mining is still worth it. In 3-6 months things might have changed and GPU mining is worthless. As long as you have a plan in place for every 3-6 months you are pretty well protected. You can sell all your gear every six months and not really lose too much on the price. There is legitimate uses for mining contracts such as a company that may use the hashing power for something other than mining or they need to mine something specific for a short period of time and don't then won't need the hardware afterwards. Contracts are generally scams or very risky returns. If you made money it's because the coin went up and you got lucky. Could have made more putting your investment in the coin immediatly. Calculate the profit from mining Ethereum, Litecoin and CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. The calculations of your cloud mining profitability are based on last 10 days performance (rolling frame). Exchange rates are provided. Find out how to earn with Bitcoin mining and estimate your profit. Can I trust Bitcoin Cloud Mining services? Bitcoin Tools. Advanced Calculator. 'Now I can lay back and watch my Bitcoins being mined rather than spending heaps of money on my own equipment.' − Anonymous 'Thanks to Bitcoin Cloud Mining I am. Dec 25, 2017 - free Bitcoin mining sites 2017; Bitcoin cloud mining profit calculator; get Bitcoin game; Bitcoin generator fx pro 10.4 download; Bitcoin 1 year - mining. Works Bitcoin mining; fastest Bitcoin generator; how to setup a Bitcoin mining rig; Bitcoin casino bonus code; Bitcoin mining ethernet; Bitcoin mining mk802. Bitcoin Profitability Calculator – BTC Mining Profit Calculator. Enter your set up information in the form below. Do not enter commas, only dots for decimal separator. Dec 18, 2017 - []] ⑻ Bitcoin mining vs electricity cost. Nvidia geforce gt 240 Bitcoin mining. Mayaka and satoshi get together; goldsday free Bitcoin; Bitcoin gratis 2013; free Bitcoin Bitcointalk; earn Bitcoin lottery; what does mining Bitcoin mean; cloud mining Bitcoin terbaik 2017; free Bitcoin every 15 minutes. Calculation is based on the following formulas: For Ethereum: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For CryptoNote-based currencies (Bytecoin, Monero, Quazarcoin, DigitalNote, etc.): Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600 For Litecoin: Reward = ((hashrate * block_reward) / (current_difficulty * 2^32)) * (1 - pool_fee) * 3600. Build your own GPU Mining Rig, mine Ethereum, Monero, Zcash and many more Altcoins Our Thorium GPU Mining. Zcash Cloud Mining. Monitor Portal Bitmart Mining. Build your own GPU Mining Rig, mine Ethereum, Monero, Zcash and many more Altcoins Our Thorium GPU Mining. Zcash Cloud Mining. Monitor Portal Bitmart Mining. Bitmart Custom GPU Mining Rig – Altcoin Mining Rig Custom GPU Mining Rigs Bitmart now allows you to customize your own GPU Mining Rig. You can create a Two Card GPU Mining Rig, Three Card GPU Mining Rig, Four Card GPU Mining Rig. Five Card GPU Mining Rig and a six card GPU Mining Rig all the way through to a thirteen card GPU mining Rig. Our rigs are also known in the market as the Thorium GPU Rig and the Zodiac GPU Rig. These GPU mining Rig consists of a well optimized system that has the best parts to work in harmony together for mining Altcoins sporting a super silent well designed, easy airflow RIG. Its also advertised as the Thorium GPU Mining Rig or the Zodica GPU Mining Rig. These are the flagship Ethereum Mining Rigs produced and sold by Bitmart. This Custom GPU Mining Rig Includes: • Motherboard (Based on Card Selection) • CPU • Ram (Based on Rig Size) • SSD / Flash Drive for Linux OS • Nvidia & AMD Cards depending on selection and availability. • Power Supply (Based on Quantity of Cards) • What is the AMD Radeon RX 580? You can Select the AMD Radeon cards for the construction of your rig. The RX 580’s is AMD’s latest mid-range graphics card to take on the latest AAA games at Full HD and 1440p resolutions. It’s a minor update to the last-gen RX 480, with a clock speed bump across the range. It Delivers a decent Hash Rate for Mining Ethereum at +-26Mhs While it’s a minor update, the RX 580 is designed for those who didn’t fancy the RX 480 in 2016 and now have the budget and the will to upgrade their gaming rig. Gamers can use this card in their PC to play the top end games and Mine Ethereum. The small bump in speed brings it closer to its biggest rival, the Nvidia GeForce GTX 1060. Radeon Rx580 Disclaimer Bitmart cannot guarantee the hash rate of cards as different manufacturer cards perform differently thus the advertised Hash Rate is that of an online statistic procured through Income of any miner is not guaranteed and is not controlled by Bitmart. Governing factors of earnings such as Algorithm Network Difficulty and Coin Value determine earnings. WHAT IS THE NVIDIA GTX 1060? Powered by NVIDIA Pascal™-the most advanced GPU architecture ever created-the GeForce GTX 1060 delivers brilliant performance that opens the door to virtual reality and beyond. The GeForce GTX 1060 takes advantage of Pascal to significantly improve speed and power efficiency. Twice the performance of GTX 960. Nvidia GTX 1060 DISCLAIMER Bitmart cannot guarantee the hash rate of cards as different manufacturer cards perform differently thus the advertised Hash Rate is that of an online statistic procured through Income of any miner is not guaranteed and is not controlled by Bitmart. Governing factors of earnings such as Algorithm Network Difficultyand Coin Value determine earnings. GPU Rig Warranty The CPU, Ram and Motherboard carry a 1 year manufacturers warranty. Risers due to the nature of the product does not carry any warranty. Frames have a Manufacturer warranty of 7 days if the frame is faulty or there is a default part like a connector it will be replaced within the 7 day period after shipment. GPU Cards come with a 90 day or 3 month industry standard warranty. Bitmart’s Ethereum Mining Rig is sold as a complete unit and you should not attempt to alter or fix any of the parts yourself as this will result in warranty void. Additional Services This is a plug and play system that comes pre-loaded with operating system and mining software. You can enroll for our Maintenance SLA @ R200pm then we do the updates of drivers and mining software and it includes switching between currencies. Blackrock 2400 Watt Power Supply Rated Output power:2400W, 12V/190A versus the APW3-12-1600 Output DC Voltage 12V Rated Current 176A Rated Power 2400W 18 pairs of 6 pin PCI-E connectors. A simple and extremely accurate Bitcoin mining calculator with instructions on how. (LTC) Buy Bitcoin Cash. Much you can profit from a certain Bitcoin miner. What is this? The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. How is this value calculated? The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. Can I disable it? The diff change factor can be disabled by either manually setting it to 0 or clicking a 'Use Diff Change' switch found below the graph and in the break-even analysis section. What is this? The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. How is this calculated? Time to break-even is calculated by comparing your hardware cost (which you must enter below) to your predicted monthly profits and seeing how long until the initial hardware cost is paid off. The calculator also takes the changing difficulty (diff change) into account. If the network difficulty is increasing quickly, this will greatly increase your break-even time. The diff change can be excluded from the calculation by toggling the 'Use Diff Change' switch. Why is my break-even time 0 or never? If your break-even time is 0 you have likely forgotten to input your hardware cost below. If it is never, your break-even time has been calculated to be greater than 10 years. This is likely due to a large diff change value which causes your predicted profitability to turn negative in the future. You could try lowering the diff change for a less agressive prediction or disable it altogether. What is this? The profitability chart can help you visualize your long term mining projections. The chart can operate in one of three views: Total Profits The Total Profits view predicts what your overall profitability will be in the future. This is calculated by taking your current profits and adding them to each following months profits while factoring in the changing difficulty (diff change), the diff change factor can be disabled. This view assumes the price of the coin will stay the same. If you wish to account for a changing price (ie if you think the price will rise in the future), switch to the 'Coins Generated' view. Coins Generated This view looks at the number of coins you can expect to generate in the future. This view does not account for any expenses, it simply predicts how many coins you will generate with your given hashrate and the diff change value. A high diff change will cause you to generate fewer coins in the future. Total Costs This view sums your power and recurring costs. It can be used to predict the total cost to operate your mine over a given period of time. What is this? Price Change allows you to factor in the changing price of the currency into your projections. You can use this to generate accurate best-case and worst-case projections for your operation. Why does Price Change default to 0? It is impossible to predict what the price of any coin will be in the future, we leave the price predictions up to you. How does this value factor into the calculations? It depends on what Selling Profile is set to. For more details, click on the question mark beside the Selling Profile field found directly below Price Change. What is this? Selling Profile tells the calculator how to use the Price Change value. Price Change must be set to something other than 0 to have any effect on the profitability projections. Selling Profile has 4 different options: Sell Coins Monthly Profitability is calculated as if you were to sell all of your mined coins at the end of each month. Your profits will equal (money earned from selling) - (total expenses + hardware costs) Sell to Cover Expenses Only sell enough crypto to cover your monthly expenses. (electricity, rent, etc.) Your profits will equal (unsold crypto * predicted price) - (hardware costs) Sell a Portion Monthly Selecting this option will show the Sell Monthly field below, this is where you input what portion of crypto you would like to sell each month. For example, if you plan to sell 25% of your new crypto, enter 25 into the Sell Monthly field. Your profits will equal (money earned from selling) + (unsold crypto * predicted price) - (total expenses + hardware costs) Never Sell Coins Select this option if you plan on holding all of your crypto. Your profits will equal (all crypto mined * predicted price) - (total expenses + hardware costs). Avalon6 • 3.5 Th/s • 0.29 W/Gh • 9.5 pounds • No • $499.95 • • 0.1232 Bitcoin mining during its early days were. Bitcoin, an invention of Satoshi Nakomoto's, 'a peer-to-peer electronic cash system,” opened up an entirely new perimeter, not just of freedom but of profit. People with a strong interest in such things were first to stake their claim, namely cypherpunks, cryptographers, technically-minded libertarians and assorted hackers. But is there still gold in them thar hills? A cloud test is expected near the level 49. Litecoin LTC prediction| analysis LTC. 2017 - Cryptocurrency Price Predictions. Jul 25, 2017 - Crypto experts made predictions about bitcoin, ethereum, cryptocurrency, ICOs, and blockchains at Fortune's Brainstorm Tech conference. 9 Predictions Nostradamus Made for 2017. Will these turn to reality? Cloud computing. Asteroids, and mining quests all make up unlikely targets. From a few of early enthusiasts, it is with certainty that Bitcoin mining has advanced into a cottage industry to a specialized industrial-level venture. The easy money was taken out long ago and the rest are hidden under the cryptographic equivalent of miles of hard rock. To be able to profitably excavate bitcoins nowadays, you need to have specialized,. While it is technically possible for anyone to mine, those with underpowered setups will spend more money on electricity than have money generated through mining. Common Mining Terms To further understand Bitcoin mining, it helps to know a few basic technical terms: Block: a group of Bitcoin transactions, as collected from current pending transactions and entered into an ever-growing record of blocks (aka “the blockchain”) by a miner. A new block is created on average every ten minutes. Proof of Work Hashing: this is the function miners perform in order to define a new block. PoW hashing ensures the proper function of the Bitcoin blockchain. Miners compete to solve a cryptographic “puzzle,” known as a hash. There are no shortcuts in this process, which can only be solved with raw computational power. By correctly hashing the current block, miners prove their investment of work and are rewarded with a certain number of newly-created bitcoins. Block Reward: the number of newly-created bitcoins. This number was initially set to 50, halved to 25 in late-2012 and will halve again to 12.5 in mid-2016. This halving process continues, approximately every four years (or every 210,000 blocks), until all 21 million bitcoins are created. This is the only way in which; by miners according to the code’s rate and limit. Hashrate: a measure of a miner’s computational power. The higher their relative power, the more solutions (and hence, block rewards) they’re likely to find. Initially measured in hash per second (H/s), due to the increasing speed of mining hardware. H/s was soon commonly pre-fixed with SI units as follows: • Kilohash = KH/s (thousands of H/s), then • Megahash = MH/s (millions of H/s), then • Gigahash = GH/s (billions of H/s), then • Terahash = TH/s (trillions of H/s), and even • Petahash = PH/s (quadrillions of H/s). Difficulty: with hashrate shooting up over the years, it would seem blocks would be found by miners ever more rapidly. Bitcoin’s Difficulty measure is what prevents this from happening, ensuring blocks are found roughly every 10 minutes. When total hashrate rises, the Difficulty of POW hashing adjusts upwards - and the inverse also applies. Difficulty auto-adjusts every two weeks (or 2016 blocks). BTC / XBT exchange rate: the current fiat price of Bitcoin; critical for calculating profitability. W/xHash/s: Watts per hashrate per second. Electricity is the major on-going cost of. The price paid per Watt will greatly influence profitability. Mining Pool: unless you command a tremendous hashrate, your odds of solving a block by yourself (i.e. “solo-mining”) are extremely low. By banding together with other miners in a so-called pool, your combined odds of solving a block rise proportional to the pool’s total hashrate. Whenever they solve blocks, pools reward individual miners according to their contributed hashrate (minus commissions and the like). Calculating Mining Profitability Having these terms in mind, it’s viable to calculate the current profitability of Bitcoin mining for your circumstances. Bear in mind that the future profitability of mining cannot be reliably predicted. This is because of the ever-changing nature of the Difficulty modifier and the BTC price, in particular. To start, we must select a suitable ASIC mining rig. To help in selection, the Bitcoin Wiki provides a handy mining hardware comparison: We'll select for our example the AntMiner S7 which is pretty much the cutting edge of mining tech and is a modern mining rig that offers a good hashrate for its power consumption. The S7 in Amazon is available for $609 and only $450 from BitMain, exclusive of shipping. $150 or so is added for the power supply units. Next, we need to enter the S7’s specs and cost, as well as other info such as power cost and pool fees, into a suitable number-cruncher. CoinWarz.com offers a good mining profitability calculator, which automatically fills in the current BTC price, Difficulty and block reward info. As a standard in China, the we will use is 10c (USD), but possibly to be much higher elsewhere. Check worldwide electricity prices or your utility bills for the exact price to know your own power cost. The 2.5% Pool Fee is for AntPool. There is generally lower or no fees for smaller pools but remember that they will seldom find blocks. Various pools’ fees and reward structures are compared in this list. After all the needed info is registered, click Calculate for the profitability result: Not a bad result! $800 per year and you can use the miner’s excess heat to warm your home. The American Scenarios Exciting as it seems, let’s first recompute the average power cost per kWh in the USA (~12.5c) and the 12.5 BTC block reward which becomes the new standard in 45 days or so (see Bitcoin Clock for an up-to-date estimate): Given the difficulty and price hold steady and by the looks of it, it turns out that in every year, an average American miner can only make $500. But, this could be an unsafe assumption! Bitcoin’s average hashrate surprisingly climbed by a whopping 30 percent by the time this article is being written. The compensatory Difficulty spike, expected on the day following reports of this spike, completely alters the previous equation: If we bump up the Difficulty in the mining calculator by the corresponding 30%, all profit evaporates! $500 is lost over one year’s worth of mining. Unexpected Profit Loss: Difficulty Spikes, Price Crashes, Equipment Failures, Power Cuts, Shipping Delays & More The aforementioned scene works as a perfect picture of the risks present in the Bitcoin mining. There is a possibility that even some big, corporate miners will be injured from such a steep Difficulty spike. Unless home miner has access to free or very low-cost electricity, it really has zero chance to compete in such challenging environment. Remember also that the rate of degeneration in Bitcoin hardware is tremendously fast! One should be knowledgeable that during (pre-) ordering equipment, potential manufacturing, shipping, customs or other delays could be very costly in the end as difficulty rises or price falls during the interim. There are many of other inaccurate things, and such downside risks must always be considered into any concept business plan. The Chinese Scenarios For interest’s sake, let’s check the scenario of Chinese miners, who represent the majority of Bitcoin mining power for good reason. The results may help us better predict the post-halving Bitcoin environment, as this article attempts to do. Hobby Miners Some Chinese regions are over-supplied with electricity, which are subsidized in many instances. Because of this, low power cost is made and we’ll assume to be 7c for a miner in the right province. To add, a number of mining hardware is invented in China resulting to likely be bought cheaper (and received sooner) by locals of the Middle Kingdom. We’ll assume a ¾ hardware price. Results: Before the Difficulty spike, a small-time Chinese miner with a single S7 connected to AntPool could have made over $1000 annually. That’s twice the profit of their American counterpart! After the halving and Difficulty spike, the same miner would lose about $40 per year. For a Bitcoin lover, this is an easily-acceptable loss. Industrial Miners Cheap power sources are present in remote provinces so large-scale mining operations will situate closely there. One popular option is hydroelectric power from dams. From such enterprises we can assume a very low power cost, let’s say 5c. These operations also buy hardware in volumes so assuming they get S7s at $325, which is only half the price. One thousand S7 units seems a reasonable number, which permits us to simply add three zeros to hash rate, hardware and power costs. Lastly, these setups often run their own pools and so we’ll suppose zero pool fees. Results: The operation would net $1.4m annually, before the halving and Difficulty spike. The operation would profit by about $200k annually, after the halving and Difficulty spike. Given the initial hardware investment of $325k, a profit of $200k doesn’t look great. It can be seen that marginal mining operations will be forced out of business post-halving given the other costs involved in mining, such as property, salaries, maintenance, etc. Only those with the latest and greatest hardware and the cheapest electricity are likely to pull through. Bitcoin price is the only wild card. It’ll allow less efficient miners to keep the lights on for longer, if it rises sufficiently. Conclusion For an average home miner it will be a struggle to regain the cost of mining hardware and electricity. In this current given circumstance, profitability is highly unlikely. Once ASIC mining hardware innovation reaches the point of diminishing returns, the situation may improve in future. That, together with cheap, hopefully sustainable power solutions may once again make Bitcoin mining profitable to small individual miners around the world. The decentralization of the Bitcoin network, will also greatly improve hardening it against legislative risk. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. How to mine Ethereum 'the Easy Way' Ethereum is quite difficult to mine on your. ETH Toplist; EUR. You can buy your first cloud mining contract with. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. |
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