Is it worth to mine ethereum
Now at the current uk price I will get around £140 for about 0.67 ETH, minus the cost of mining it will leave me with around £15-£40 profit. Just wondering what everyone else thinks about this? Will the upcoming changes to Ethereum improve the above or make things worse, especially with the reduction in Jan 23, 2018 When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 20 times. Therefore, you might think Jul 3, 2017 What is mining? Mining is the process by which Ethereum transactions are verified and added to the public ledger, called “blockchain”. The term indicates also the means through which new coins are released. For each block of transactions, miners use computers to solve a sort of “puzzle” until one of them Feb 3, 2017 Update: 2017-05-22. As of today, Ethereum is valued at 1 ETH = 173.8 USD. However, due to enormous demand, EC2 spot pricing is nowhere near what I paid in early 2017. Mining on AWS EC2 is and will remain unprofitable - forever. Monthly cost: $1860. Mining revenue: $220 (assuming 44 MH/s)Jul 8, 2017 I have received tons of emails asking whether it's better to buy or mine Ethereum. In this post I will explain how I got involved in Ethereum, how I have been mining and I'll investigate whether mining is still worth looking at… or if it's better just to buy and hold. What is Ethereum? Ethereum is a platform for
Ethereum Mining Calculator - Cryptowizzard
Aug 23, 2017 In the blog post All You Need To Know About Bitcoin And Cryptocurrencies I briefly mentioned cloud mining and my investment in HashFlare. Since I If I had invested into BTC instead of the contract I would have bought: 0.0229 BTC or at today's prices that would be worth $91.25. It's very difficult to I'd say only as an experiment. The technology behind Ethereum, a big leap over Bitcoin's underlying technology, may one day prove to be valuable. But cryptocurrency is so ridiculously speculative, it's only worth taking a moderate risk on. I wouldn't invest thousands into mining unless you really have thousands to spare, May 22, 2016 I still believe Ethereum mining is profitable depending on the strategy you utilize. There's many variables to keep in mind like electricity cost, building materials, Ethereum price, etc so make sure to do your homework. My recommendation would be to get in as soon as you can. The mining difficulty is rising ethereum to cash Aug 26, 2013 $16,000 worth of LTC on the 3rd of April 2013, those 3655 coins would have been worth $9,913 on the 3rd of August. So I guess losing approximately $3,800 overall isn't so bad. Investing in shares like banks and mining seems like a good idea to be honest, especially since how they're so protected by the Oct 18, 2017 Is it worth it? As more miners join the Ethereum network, the harder it becomes to solve the problem, which leads to an increase in the mining difficulty. This is why it's currently costly to mine Ethereum. The returns are very low and equipment is pretty expensive. However, as Ethereum price continues to rise,
Aws ethereum mining 2017 - Bauzentrum NetzbandW Daily cost I have a GTX 1080 & a GTX 1060, and an msi z170a motherboard. Mh/s Power. 91. You will need to set your Core-, Memory clocks, Voltage and sometimes a BIOS Mod for some Graphics Card to accomplish the Best, Efficient and Stable Mining hashrates. What is the best GPU for mining ethereum in 2018? Dec 13, 2017 What will bitcoin be worth by the end of 2018? sign up. Bitcoin, Litecoin, Ethereum. The big players in the world of cryptocurrency have jumped in value in recent months as people come to grips with online wallets and try their hand at getting some of these new currencies. But while on the surface they may topfan bitcoin So I build about 2-3 computers a month so I figured I'd post them up here, also going to be doing vlogs for them here soon on my YouTube channel called GamersCreations -_DI8w (I feel weird litecoin mining box hashflare how to start · droidminer btc/ltc miner cryptocoin mining 101 Nov 30, 2017 Is it worth mining Ethereum Jun 29, 2017 Real-time index from cryptocurrency analysis site Digiconomist's founder Alex de Vries shows that Ethereum mining is powered by an amount of electricity equivalent to that consumed by a small country. All those household computers turned into Ether miners each have blockchain transactions consuming
For Bitcoin, the reward for mining coins halves every four years, but Ethereum rewards miners based on its proof-of-work algorithm called “Ethash,” where five Ether are provided for each block — and it doesn't have a cap like Bitcoin. The cost to transact is different. With Ethereum, the cost to transact is called “gas” and the Jun 4, 2017 Bitcoin miners can use specialized hardware known as ASIC chips to solve the mining algorithm, but Ethereum's mining algorithm is purposefully ASIC-resistant, requiring So in terms of total efficiency, taking into account electrical costs, a GPU is definitely worth it even if it costs you upwards $200. Amd vega 64 mining is ethereum the future Mining monero with gpuJun 12, 2017 RBC Capital's Mitch Steves expounds on the theme of "mining" crypto-currencies such as Ethereum, arguing that with elevated prices for parts from to create mining rigs would come in at $1.314B GPUs represent approximately 66% of the cost of a standard $2,000-3,000 mining rig This would result in a
Aug 24, 2017 By comparison, during the same period, Bitcoin was on the lower end of the returns spectrum with a 355.31% return rate, or about 10 times less that you'd have made if you were to mine Ethereum. With these altcoin rates even a modest mining rig can be very profitable. And because alts are frequently in Jun 2, 2017 “Is it worth it?” That's the constantly-repeated question in the mining community when a coin is starting to become profitable. Ethereum this year, for example, saw a big jump in price, which led lots of people who would have otherwise not thought twice about cryptocurrency to become suddenly interested. Crypto mining can make you rich and it has made many people rich. But consider, if you get paid in Eth: Do you convert that Eth every month into dollars and take profit? If so, at current (today's) prices, a single rig (which cost me about $2K) is tracking ethereum price speculation Dec 31, 2017 Ethereum Mining Quora - Cryptocurrency Worth Mining 2017 start mining today 10% code: 5510B64A the cryptocurrency bitcoin is really a worldwide currency that employs an open ledger process to track record trades being submitted anyone to another. All this happens Personally it is not really interesting for me to mine Ethereum as the cost of electricity is with my supplier $0.45 USD pr. kWh. Also as I would not just sell my Ethereum right away if I had any that I had mined, then it would just be a huge extra bill from my power company, so I see no reason to do it. share.
Jul 20, 2017 It also has a couple of features worth noting here. In 2009, when only enthusiasts and Bitcoin creators knew about Bitcoin, mining was easy, and one bitcoin was worth about five cents. Mining Ethereum, in particular, became exceptionally profitable, and that is why miners bought up graphics cards.should i buy ethereum reddit - Cloud 9 Adventures Jul 7, 2017 I am not going to say whether or not $5442 extra per year is worth it or not but let me explain some of the risks and rewards associated with this. In my opinion, mining completely comes down to the price of the coin. If the price of Ethereum doubles, your profitability for the year is going to double. Up until this ethereum mine pool Jun 13, 2017 I'm just wonding if my small pool of money is even enough to invest in any coins and if it's worth the risk. I've got a 1070 rig rn maybe mine? I just want to jump on this craze before it's too late in the future and I have regrets but I need ozbargain expertise on these cryptocurencies. I heard they're value is very Oct 23, 2017 Equihash algorithm, the most powerful and safe to mine with GPU. It is not surprising that the development team has chosen this algorithm. It is, to this day, the safest, most powerful and private of all to date. Ethereum is worth mentioning is already using its technology to perfect its transactions and put the
Dec 20, 2016 The following represents the amount of each coin I mined in 24 hours and its worth in USD. Monero XMR: Miner used: I used the open I tried mining Ethereum, AEON, DASH and Quazarcoin, but none of those yielded more than 0.05 USD after mining for 24 hours. Conclusion: Using your PC and Graphic How to mine eos coins - Olcea Jul 26, 2017 Bitcoin, Litecoin, and Ethereum mining using 'Nicehash': an easy way to start making money. eth bubble Sep 5, 2017 A Complete list of parts to build an affordable Nvidia and AMD 12 GPU Mining Rig for Monero, Vertcoin, Bitcoin Gold and Ethereum. then another half a day fiddling with Dec 11, 2017 This 6 GPU mining rig will cost you around $1,800 to $2,500 depending on the prices you manage to secure for your GPUs.Hey, Are these mining drop rates normal? Few days ago I was mining at a 9.5$ per day rate while yesterday it dropped to 6.5$/day. Thanks !
How easy is to mine ethereum and is it still worth doing so? - Quora
Jan 10, 2018 After the NiceHash hack in December – where we lost around $50 worth of Bitcoin at the time, as it was in the NiceHash wallet – we downloaded the latest version of Claymore. The plan was to mine Ethereum in the interim while NiceHash was secured and brought back online. NiceHash has since come It will take the 470 about 1.5 months to mine 1 unit of ethereum that currently cost $243/eth. Then you have to factor your power consumption as well. Worth it? Depends on what you're mining. How much is the value per unit etc. You can check the calculator here: Dual mine zcash and ethereum - 4T Technology coins based on ethereum How to mine rupee coin in gpuJun 22, 2017 Looking at the table, only 17% of the price is covered at best. This means that mining in Azure for the public Ethereum chain is not worth it. If you have a private chain and you need to have a lot of power behind it, this is a great solution.
Oct 5, 2017 Now-a-days, there are so many clones of existing Cryptocurrencies. These is because cryptocurrencies are a lot open-sourced code repositories which can be copied and reformed by anyone, from anywhere around the world. One of such clone is Ethereum Dark. Both Ethereum and Ethereum Dark (ETHD) Aug 1, 2017 This is also one of the reasons why the famous 10,000 BTC pizza story fascinates people now, but again that guy is no worse off than any of you reading this as everyone of us could have bought a few dollars worth back then and literally been millionaires now. If only we had known… So I don't spend too This mining calculator will display your expected earnings in both Ether and Dollars. The calculations are based on the assumption that all conditions (difficulty and prices) remain as they are below. Enter your hash rate (MH/s) ** **. Power consumption (in Watts) ** **. Cost per KW/h ($) **. Network HashRate (GH/s) ** **. ethereum mining pc Jun 12, 2015 Learn how to buy Bitcoin and Ethereum safely with our simple guide! But one idea But is this really worth the money you spend on it ? I have to In order to see if a mining contract is worth your money, you basically need to calculate how much money you will make from the money you invest. Just like Nicehash ethereum payout - MSC-Rietz
6 days ago According to Marketwatch, the electricity cost involved in mining a single bitcoin is more than $3,000 in the cheapest states. For more states Once again, some miners prefer to use cloud mining contracts to collect dash, z-cash, ethereum, and other cryptos and convert those to bitcoin later. In some cases Jan 10, 2018 Mining is the processing of transactions in the digital currency system, in which the records of current bitcoin transactions, known as a block, are added to the record of past transactions, known as the blockchain. As long as the cryptocurrency is worth more than $6,925, miners will still make money, should i buy ethereum 2017 reddit ethereum trader Aug 15, 2017 (Technically, the cryptocurrency is called "Ether," but a lot of people refer to it as "Ethereum.") Currently, Ethereum has the second highest market cap of any cryptocurrency (behind Bitcoin), and its price has been rising very quickly. In January 2017, 1 Ether was worth about $10. In June, it reached nearly Jun 30, 2017 If you're looking to jump into the mining game, with a little bit of research and some tweaking, all cards can be made to run more efficiently and deliver better performance per kilowatt-hour. That said, the other metric, beyond GPU cost, that can be a barrier to entry for crypto-miners is power efficiency.
Hi guys, I'm kinda new to crypto (been watching it since July this year) and finnally decided to jump into the action. So I decided instead ofOverall, if I'm asking myself “is mining worth it for me?” or “Will I make money overall, when mining?” The final sale of hardware factors into that. And it should because it's money gained from the venture one way or another. If you know for a fact you'll regain a notable portion of initial investment once the Jun 22, 2017 In addition to the profit that you can generate from mining, mining also helps contribute to Ethereum or the cryptocurrency that you are mining which I believe is a positive force in the world and worth supporting. Outside of ETH, a miner could mine Curecoin and help the world by folding proteins, or mine winklevoss ethereum Arm monero mining - CJV FeijenoordMy English knowledge is average so please sorry for grammatical mistakes. Thank you. Proof that if you buy RIG just to mine ETH is not a good idea: -community-vote-on-miner-rewards. Hello, There are a lot of threads where people are saying that the moment to start
Experts say that the growth is attributed to an increased number of miners of in the Ethereum network and other popular cryptocurrencies. Nvidia published data that illustrates 6.7% of revenue for the second quarter of 2017 was received from graphics cards sales, which were used for crypto mining. That is why these two Feb 28, 2017 Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. Without these machines, or those deployed by Streng's biggest rivals, there would be no Ethereum. Jun 12, 2017 The -dcri switch specifies dual-mining intensity—a higher number will improve Siacoin hashrate at the cost of decreasing Ethereum hashrate. I've found that 15-16 appears to be the sweet spot for me: the impact to ETH mining is nearly negligible; increasing it beyond this point started to noticeably decrease eth zurich vacancies How can I invest in bitcoin? | Technology | The GuardianEtc miner - Hair Design on Park
2 days ago For example, when I first got into mining, I mined 6 Bitcoins in 6 weeks on only a 4 GPU rig. In December 2017, those 6 Bitcoins were worth over $100,000. So, choose your strategy, build a rig using the guide below and welcome to crypto! 6 GPU Ethereum Mining Rig Hardware Build List. Listed below are Worth to Mine Cryptocurrencies? Explaining Using Cash On Cash ROI should i buy ethereum reddit - Green Apple Catering eth oxydose Yes it will - just not Ethereum due to the DAG size, it will still mine mine ZCash or Monero and likely both are more profitable at the minute anyway (indeed even on 4GB Cards they are sometimes more profitable). Nicehash's profitablity calculator gives you a fair idea of what you can earn (and what Nov 3, 2017 Introduction. Bitcoin, Ethereum, Monero oh my! More recently I have built multiple Ethereum mining rigs (another blog post for another time) and been exposed first hand to the trade off between up front investment and long term return. At the time of this writing, Monero is worth about $100 per unit.
Jan 6, 2018 Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March What I hadn't considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.Jun 29, 2017 Also, you don't know what bitcoins will be worth when you start mining them. However, there must be dozens of digital currencies besides bitcoin, and the CoinChoose website lists a Top 20. Well known alternatives include Ethereum, Litecoin, Dogecoin and Bytecoin. You might find one that is still worth Aug 14, 2017 With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. Graphics card You're more likely to get a windfall due to market pressures than the quality of your mining rig, which is why it's only worth a shot for the most committed and the most adventurous. cryptocurrency news ethereum Nov 14, 2017 In this post, I go over the different costs associated with ethereum mining so you can calculate whether or not it will be profitable and worth it for you.Jun 19, 2017 In this article we'll focus on the state of mining, exploring the practical side of it, as we hopefully demystify some of the world of digital currencies. In other words, a cryptocurrency like Bitcoin is only worth something because people agree that it is worth a certain value and that value is accepted for
Aug 25, 2017 Given all the buzz about blockchains and cryptocurrency, should I start mining Ethereum? Keep in mind: Ethereum is already using a small country's worth of electricity Jan 8, 2018 As Ripple prices fall, Ethereum takes the chance to return to second most valuable cryptocurrency on the market, behind Bitcoin. that the Chinese government, home to the world's largest Bitcoin mining operation, would push for an “orderly exit” from the cryptocurrency mining business, Quartz reported. Nov 29, 2017 The buzz around bitcoin is bigger than ever as the value of the cryptocurrency surged to $10,000 – making the entire value of the market worth over $170 billion. Now the bitcoin world is even encroaching in the Tesla world as a Model S owner built a cryptocurrency mining rig in his electric car. ethereum box Oct 24, 2017 Each submitted share is worth more in the function of time t since start of current round. For each share score is updated by: score += exp(t/C). This makes later shares worth much more than earlier shares, thus the miner's score quickly diminishes when they stop mining on the pool. Rewards are calculated Jul 15, 2017 Many miners experienced this when Ethereum's price rose sharply in the beginning of 2017, for example. There's also a risk that your investment could be worth nothing: Genesis Mining's contract has a section where they explain what happens when your contract becomes unprofitable. That occurs when