Nov 28, 2017 - Joining a mining pool is an excellent way for smaller miners to get constant payouts for their work. In contrast to PoW, proof-of-stake mining (PoS) requires little computing resources. This works through Decred Fonds. They are used to buy voting tickets on the network. Each block is worth five tickets. List of mining pools for Decred (DCR): – ccMiner forks from tpruvot and sp do not currently work with Decred even though they do have.
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Create account. • Register, or login if you already have account 2. How to Mine Verge XVG Coin on Windows. Verge is a decentralized currency based on an open-source platform. There is no central control over the coin. Aug 28, 2017 In this video I'll show you how to mine the VERGE cryptomoeda in the ZPOOL pool by cpu and. How to CPU Mine Verge Coin - XVG - x17. On An Average PC. Looking to start mining Verge (XVG). How To Mine Verge Coin (XVG). You can watch some of my PC build videos to see and then buy the parts. Download a miner. • Intel/ATI/AMD CGMiner: • NVIDIA Cudaminer: • Minerd CPU Miner Mac/Linux/Windows. Configure your miner. If your using Linux, Then type the following into the console:• CGMiner./cgminer --scrypt -I 13 -o stratum+tcp://stratum.aikapool.com:7938 -u UserName. WorkerName -p WorkerPassword• BFGMiner./bfgminer --scrypt -o stratum+tcp://stratum.aikapool.com:7938 -u UserName. WorkerName -p WorkerPassword If you want to mine on a Windows Operating System, then you'll need to create a batch file to start your miner. Get Started With HTMLCOIN By Kit Huynh If you want to start using Cryptocurrency such as Bitcoin as the new payment method, I recommend to get started with HTML5 Coin as it is easy to get more at the lowest price at the moment. If you still do not know what HTML5 coin is check out my old post here before you move on. I make this post as a walk through for users who need help with getting their hands on HTML5 coin within a few minutes. How much HTMLCOIN (HTML5) is 10 (BTC)? Check the latest HTMLCOIN (HTML5) prices in Bitcoin (BTC)! - Walletinvestor.com. HTMLCOIN (HTML5) NOW AVAILABLE TO THE PUBLIC Bitcoin. I listed Cloud mining because you can cloud mine Doge. One day I saw that a coin called HTML was being released. I downloaded the wallet and started reading online how the coin worked. I discovered that I could type in a simple command in the debug window and start mining directly to my computer with the wallet miner. I did just that, and after a few minutes, I had hit my first. GIPHY is how you search, share. Doge Wow GIF. This GIF has everything. Doge mining dogecoin matt01ss satoshi brain wallet. How to install Dig Doge, Dogecoin Mining Game for PC and MAC on pc or mac. You will need a wallet like multidoge (which is usually not used for mining) or doge core ( which will tage ages to catch up with all transactions 4 years ago). Then you will need a miner program. An easy one is minergate, where you can mine any currency. There you can make a benchmark with your pc and see your hashrates and currencies which a fitted best for your mining operation. The only thing here is, that you can't mine doge directly. You mine minero (xmr) and then convert it to doge. There are a lot of miner programs out there. It was anticipated that VertCoin (VTC) will hardfork to the new Lyra2RE algorithm at around 16th this month at block 208301, however we have reached the fork a bit earlier. So if you are mining VertCoin you should switch to the new Lyra2RE GPU miners and to pools that have already switched to the new algorithm. Some people have anticipated that after the fork the price of VTC will increase, but this did not happen as currently VertCoin is quite profitable to mine and sell directly and apparently a lot of people are doing exactly this resulting in exchange rate dropping. This is just the first day after the fork, so we should wait and see how the Lyra2RE fork will affect VTC – will it help the coin or on the contrary. The website will help you choose the best pool for cryptocurrency mining VertCoin (VTC). Pools rating VertCoinwill show the best pool for capacity, quality and profitability. Here's my calculation. Check out my I looked at the Ethereum mining participation one-month after launch to get an idea for what the ZEC mining participation will be. It's about 350 GH/S. I figured everybody was using 290x GPUs. They get 22 MH/s according to This puts the network at about 16,000 290xs one-month in. In ZEC, a 290x is going to get something like 25 H/s, so figure about 400,000 H/s for the whole network. Depending on your assumptions about ZCash price, that gives different amounts of return for each H/s you own. At a ZEC price of $10, it returns about $5 a month. At a $100 price, it is about $50. During the first month your profitability will be halved on average due to slow-start. Toomim and Genesis are charging about $100 for 1 H/s for a year. Your break-even ZEC price is about $10 if the mining participation is similar to Ethereum's. At $100/ZEC, your ROI is 50% per month. But of course this kind of ROI is likely to attract more miners and squeeze it down. The Hashcoins SHA-256 cloud mining is a decent way to outsource your mining to the cloud - with a daily fee $0.0035 / 10 GH/s and 24/7 technical support via the HashFlare portal. The hashrate can be bought in increments of 10 GH at a cost of $2.20. This example uses 100 GH/s. You will most likely never ROI on this cloud mining because they are way overpriced for what they offer. Currently the ETH hashrate is 7000GH/s. So that's about ~300,000 GPUs. If ZCASH mining is 1% more profitable than ETH mining everybody will switch over their miners. So your 400,000H/s is way too low. If everyone mining ETH switches over and the GPUs all average 25H/s then that's about 7,500,000 H/s for the entire network. Sell or Buy computing power (hashing power) in the form of Cloud Mining for the purpose of Bitcoin, Ethereum, Monero, Dash, Zcash, Litecoin and other (altcoins) cryptocurrency creation and transaction confirmation. Zcash mining contracts are also available. It's your part of the pie. From past eth mining calculator it usually goes up as time goes. Keep in mind that: Ethereum. Lets say only half switch over. So 3,750,000. So with $100 for 1 H/s. Your hashrate% would be 1/3750000=2.6667e-7 50Zcash per block * 6 hour * 24 = 7200 day * 30 = 216,000 per month. So 1H/s would make you 0.0576ZCASH per month. In 1 year 0.6912 ZCASH. So to break-even you would have to sell your ZCASH for $144USD. (•_•) ( •_•)>⌐■-■ (⌐■_■) I love speculating! I think we're going to see massive mining migration from other coins very early. My thoughts (already posted on another thread): 'Day 1: 20-30kH/s Day 15: 80-120kH/s Day 30: 200-300kH/s Day 60: 500-750kH/s Day 90: 750-1000kH/s I think the price taking off in the earlies (due to hype) will attract a lot of miners. After day 90 when the hype (and price) dies down and the hashrate goes up, price and hashrate should level off somewhere between $8.00 & $10.00 per ZEC. In those first 90 days though. We are going to see more intense fluctuations than I think we've ever seen in the market. All the real and fake news/rumors. 'DNMs adopting Zcash!' , 'Trusted Setup not so trustworthy!' You're right. But think about they got large rigs. If they don't join public pools and make his own pool you're going to fight against a gigant. Also I don't buy Hardware for over 10K $, before I know there will be a mining Software which run stable and fast, and not burn my house down ). So in my opinion its bit more risky to buy cloud mining, but if GM're unable to mine I will get full refund. If I buy Hardware, (AMD) they are useless if not working stable for zcash. And if the price after 3-4 Month under 8 dollars, its anyways hard to make profit no matter if you're on cloud mining or running your own rigs. Just my 2 cents. Surely any predictions of ROI based on expected price are just like astrology or something. In otherwords educated guesswork? You just have to look at the long term price charts of a few coins on coinmarketcap.com to see how wildly different they can be. Zcash has a lot of 'hype' but it hasn't even been proven to work yet. I bought 5h/s from Genesis because you have to be 'in it to win it' and I will attempt mining Zcash if it's worth it - I already have about 300mh/s in Ethereum mining rigs, but predicting the ROI now is pretty much impossible IMHO. 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. 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. 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Cheap carlbank mining Contractors, find Find the cheap carlbank mining Contractors, Find the best carlbank mining Contractors deals, Sourcing the right carlbank mining Contractors supplier jobz be time General Notice, Notice of - gov carlbank mining contracts pty ltd po box atlasville Carlbanks Mining Contracts In The Western Carlbanks Mining Carlbank mining contract jobs In The Western Cape; Carlbanks Mining Contracts In The Western Cape. Overview • • • • • • • • • • • • • • • • • • • • • • • Introduction If you’ve ever heard of cryptocurrencies, you’ve probably heard of mining. The sole reason most cryptocurrencies can function is due to mining. Without miners, the blockchain can’t be validated every time someone wants to make a transaction. If the blockchain doesn’t get validated, there is simply no way to know which transaction is legitimate and which is not. Becoming a miner doesn’t come without reward, however. There are two things which your reward is based off of. • The block reward • Transaction fees For example, whenever you decide to send some Bitcoin, Ether, or whatever other currency you’re using, you’ve probably noticed the added fee, which can either be listed as a “transaction” or a “mining” fee depending on your wallet. This fee gets tacked on to whichever miner “cracks” the code and completes the block. Though this reward is quite minuscule, the real treat is the “block reward,” which for Bitcoin is 12.5 Bitcoin equal to an astounding $48,314 USD! SCRYPT Cloud Mining. Mine Litecoin in the Cloud with these Providers. Only bitcoin cloud mining is available. Pros and Cons of Mining vs. Investing One of the benefits in investing a couple hundred, or a thousand into a mining computer instead of into the currency you are eventually going to mine, is the fact that in the very unlikely event that the headline in the morning is “United Nations Ban All Forms Of Digital Currencies,” y ou can still sell your mining computer. At a loss nonetheless, but it’s still better than nothing. However, if you invested that amount into a currency instead, that currency will most likely be worth nothing. Although there still is the chance that the currency goes up by 100% overnight, leaving you in the dust with a mere mining rig. Another benefit is that in case the currency you are mining drops in value, you can easily swap to another coin and regain your profits that way. Take Ethereum for example. One year ago and with a small mining operation, it was very easy to mine 1 or 2 Ethers a day, while at the time it was only worth a couple of dollars. If you kept it today, you could sell each Ether for $330 USD, making your investment very worthwhile. Even though currency mining seems to be an easy get rich quick scheme, it does not come without risk, the main risk being: fire. If you have a relatively large mining operation with poor cooling, and you’re using bad power supplies with multiple extensions cables going into one outlet, something could catch fire very easily, making not only your rig worthless, but most likely your house too. As long as you use parts from reliable companies, and keep your rigs cool and dust free, this shouldn’t be an issue. Another risk to watch out for is if you have young children or small animals. They could easily break your rig by accident, either by throwing something at it or giving it a static shock. The next risk, while not severe, is power. Mining computers draw a lot of power, and depending on the size of the rig, they can easily draw upwards of 1,000 watts. Depending on where you live this could mean that you are mining at a loss everyday. Another risk, though small, is that if you decide to mine on the ETHash algorithm you have to make sure you have enough VRAM (Video Random Access Memory) on the graphics card, as the networks DAG (Directed Acrylic Graph) will be stored on the VRAM. So if you do not have a large enough VRAM size on your GPU you will not be able to mine that coin. At the moment, Ethereum’s DAG file size is 2.1 GB meaning that you will have to mine on a card with more than 2 GBs of VRAM. You can check the DAG size for some popular coins using website. In conclusion, while there are many risks, all can easily be avoided by either implementing standard safety procedures, or by making sure that your rig will last a long time by buying the best parts you can. But all in all, while you will receive a great amount of rewards for mining, you can also lose a lot of money if your rigs break down due to misfortune or just plain old bad luck. Economics of Mining Getting started with mining is relatively simple, especially if you already have a desktop PC with a graphics card. Building a mining rig is the main cost, as these can cost thousands of dollars. The next cost is power cost, though this shouldn’t be an issue unless you are using inefficient graphics cards (cards with a low hash rate and high power draw) and living in a country with high power costs. To find out how much you will spending on power each month, you can use this simple website linked below. Here you can input how many watts your computer will be using, and the website will tell you how many kWh that is per month After you calculate the amount of kWh you will be using every month, multiply the kWh per month by the amount you pay for electricity in your country, and then you will find out the cost. Take your monthly power cost away from the value of the amount of the currency you mine to find your monthly profits. Though most mining calculators include this calculation for you, it can be very useful to find the exact amount you will be spending on power. Here is our formula for working out monthly profit: M – W = P. M is the value of the amount of coins you mine per day, this can be found through sites like coingecko where it will tell you how much your crypto is worth. W is the amount you will be spending on kWh every month. This will then give you P which is your monthly profit. You can also find your daily profit by inputting your daily mined crypto into M and daily power usage in for W, the same can be done for weekly calculations. To find your real profit however, you first need to pay back the first investment into your mining rig. To find out how long this will take, you must use this formula: C / P = D, where C is the cost of your mining computer, P is the same as before (monthly profit), and D is the time it will take to pay back your computer, either in months, weeks or days. This depends on what you use for the first calculation. After you pay back the rig, every cent you make will go towards your total profit. PoW vs PoS Though this guide is mainly focused on the Proof of Work (PoW) side of mining, you should be wary of Proof of Stake (PoS), as Ethereum will be swapping over to this method in the near future. The difference between PoW and PoS is that PoS does not require graphics cards, nor does it require a very powerful system at all. PoS relies on you “staking” your coins to the network; the more coins you stake, the higher chance you get of receiving the transaction fees of other Ether investors. Another benefit of PoS is that the computers are not very expensive, nor do they draw lots of power, making PoS a far greener alternative to PoW. There are also no block rewards in PoS, thereby making the transaction fees the only reward. Proof of Work is where you have to run powerful computers that have high hash rates. Hash rates are the number of “hashes,” or numbers a computer can come up with every second, needed to solve a block. Both of these types of mining have a difficulty factor to them where the more miners there are on the network, the lower the chance you have of mining a block. In other words, the lower your reward is. Is a good website which has lots of information on the major cryptocurrencies, including their difficulties, block times, and block reward. If you want to check when the last block was mined, and who mined it, you can use website for Bitcoin, and one for Ethereum. How Does Mining PoW Work? Mining works by connecting to the blockchain and verifying transactions by verifying new blocks in the blockchain. By doing this they are securing the network and preventing errors from happening such as double spending. The miners put these blocks through a process by applying a mathematical formula to it, turning the numbers into a shorter, random looking sequence of numbers. This number is the blockchain’s hash. Producing hashes from the data of a blockchain’s block is easy, however it is impossible to work out what the starting data was just by looking at the hash. Each hash is unique and changing even a single character in the hash changes it completely. Is an excellent video which explains what your computers do when its mining that uses pen and paper as an example (This method is extremely inefficient so do not expect to make a profit off of it.) Mining Profit Calculators, And How To Use Them • Crypto Compare One of the most simple to use calculators is the. You simply choose the currency you would like to mine then input your hash rate along with the wattage of your system and power cost, then the website will show you what your profits are every day, along with the amount of the currency you will mine. The main problem with this site is that it does not factor in the network’s difficulty. Everyday new miners join the network, which in turn increases the difficulty. That means that if you are solo mining, you will have a lower chance of solving the block, and if you’re pool mining, this will lead to lower rewards. • My Crypto Buddy The is another useful calculator which has the option to include difficulty into the calculations. This means that it decreases your mining profit each month depending on how much the site estimates that the network’s difficulty will go up or down. For example, if the difficulty goes up by 100 GH/s in one month, the calculator will then assume that every following month will incur a difficulty increase of the same amount. This leads to a problem. If in one month the network receives an abnormal difficulty bump, whether due to a price increase of the currency leading other miners to join the network, or if AMD or NVidia release a new graphics card with a big hash rate boost, the MCB calculator will then use that abnormal value as the absolute value for every month, making the calculator unreliable. Though it is still useful to know that your mining income will decrease every month due to difficulty. This calculator also includes the mining pool fee. • Coin Warz The is another useful calculator, though more complicated than the rest, it comes with some quite unique features, such as allowing you to input your hardware cost. The calculator will then use this information to estimate how long it will take to pay back your computer. Another unique feature is that it if you’re solo mining, it will tell you how long it may take to mine a block by using your hash rate. A third useful feature is that it shows you how much you can trade your mined coins for in Bitcoin, which is useful if you think Bitcoin is only going to go up in price. You can use this calculator for about 100 different coins making it quite useful when trying to find out what your other mining options are. • What To Mine The is hands down, the most useful mining calculator. The reason being that you simply fill in your graphics cards models and the site will calculate the power draw, hash rate, and the most profitable coin for your set up. The site will even show you the best exchange to sell your coins on. Additionally, the site will also apply a reasonable overclock to the cards making your results even more accurate. When mining, overclocking is extremely useful so think of this as “free performance.” The only downside to this site is that it only has information on 11 different GPUs and no CPUs. You also can’t fill in your pools fee. This site is still extremely useful for finding the most profitable coin to mine, making it my preferred calculator. How To Find Mining Hashrates For Graphics Cards And Processors Now that you know how to use the profit calculators, you now need to know how to find the hash rates of your system. If your graphics card is not listed on the What To Mine website, this can be a tricky process. Luckily I have compiled a list of sites which have this information. • This is a very useful site for finding the hash rates on different graphics cards for Ethereum (ETHash), ZCash (EquiHash) and Monero (Cryptonight). The site also shows you the power draws for the graphics cards and will even give you the Amazon links on where to buy them, as well as suggestions for other parts you’d need to improve your mining rig. Other than that, the BuriedONE’s Youtube channel has many useful mining tips and tricks. • This is quite a useful list that has the information on the hash rates of many AMD and Intel CPU’s, and this list is constantly being updated. Though the list is only for the Cryptonight algorithm (or Monero) hash rates, I don’t recommend mining other algorithms on your CPU, as Monero works very well on the CPU, compared to other algorithms which heavily favor the GPU. Top 5 Graphics Cards To Buy For Mining Ready to start mining and become the next Bill Gates? In this section I will be recommending some of the best graphics cards for mining and addressing their power draw, cost, and their hash rates. I will also explain which coins are the best to mine with each card. • #5 – NVidia GTX 1050Ti This is an excellent graphics card for mining as it does not require any external power, so you can easily put it into any desktop PC with a PCI-E 16x slot. With a starting price of around $150 US dollars, and a mere power draw of. • #4 – NVidia GTX 1060 3GB/6GB This is another great graphics card for mining, although it pulls more power than the 1050Ti and has a steeper starting price, it pays off with its large hash rate bump. This card also has an external power connector, so you will not be able to plug this into any old desktop computer. However, this card is an excellent performer on the ETHash algorithm, as well as EquiHash. Keep in mind that if you choose the 3GB variant you should know that in the future, you will not be able to mine some coins on the ETHash algorithm due to how the algorithm functions; where the DAG file is stored in the GPUs VRAM. Even though this shouldn’t be a problem for a long time, it is worth noting. You can check the DAG size for many popular coins on website. • #3 – NVidia GTX 1070 The GTX 1070 is an amazing graphics card, where it’s only let down is it’s expensive price. However, this card achieves amazing hash rates on the ETHash and EquiHash algorithms, and draws a mere 150 Watts. My personal rig uses 4 GTX 1070’s, so I highly recommend these cards, especially if you can get them for a good price. This card is an excellent performer when it comes to gaming, so if you decide to sell your rig, you should be able to sell these cards for a great price. With 8 GBs of onboard VRAM, you will not have to worry about an increasing DAG file. • #2 – AMD RX 480/580 The RX 480 and 580s are extremely popular mining cards due to the fact that their price is very low, especially when compared to the similarly performing GTX 1070. Another benefit of this card is that AMD allows users to flash their card’s BIOS, which can make the card run at at higher hash rates with lower power draws. However, due to the popularity of this card, it can be very hard to find at reasonable prices, but if you can find this card at a good price it’s an excellent performer for mining. This card is an excellent choice to use on the CryptoNight, and ETHash algorithms. When compared to NVidias offerings however, it’s a very poor performer on EquiHash. • #1 – AMD RX 470/570 The RX 470 and 570s are hands down the best graphics cards when it comes to mining. This is due to its extremely low price and excellent hash rate performance. Like the RX 480s and 580s, these cards can also be very hard to find at reasonable prices. These cards are also excellent performers on the ETHash and EquiHash algorithms. • Other cards and ASICs (Application-Specific Integrated Circuit) If a card you own or plan on buying did not make this list, that does not mean that’s it’s a bad card by any means. This list is purely based on my opinions, as well as the price of the cards and the raw performance numbers. Though there are other cards which are great for mining, such as GTX 1080 Ti or RX Vega 64 (which I did not include due to their high cost), these cards on the list are just my recommendations. Another option for mining is ASICs. ASICs are devices made specifically for mining, and when compared to graphics cards, ASICs perform much better and have a much lower performance to the power draw ratio. The problem with ASICs are that they can only mine on one algorithm, so when the difficulty goes up, or the price of the coin you are mining goes down, you simply can’t swap to another algorithm, you will have to stay with that algorithm. ASICs are primarily used for SHA-256 (Bitcoin) or SCRYPT (Litecoin) algorithms. Another option are dedicated mining cards. These cards are made specifically for miners and offer a hash rate and efficiency bump over their gaming orientated counterparts, without the need for you to do much tweaking (overclocking and undervolting). However, most of these cards do not have display connectors making them useless to gamers. This makes the card worthless for resale, so if something happens to the cryptosphere making crypto worthless, say if some global superpower outlaws Bitcoin and other currencies alike making crypto worthless, you won’t be able to get a penny back from these dedicated cards. If you are confident in the success of cryptocurrency however, and are willing to take the risk, these cards are an excellent option. Different Types of Mining Though this article has primarily been focused on graphics card mining, there are other types of mining. Cloud mining and ASIC mining are just two examples. I will also be talking about the difference between mining in pools and solo mining here. • GPU and ASIC Mining GPUs while less powerful than ASICs give you the option to choose what coin to mine, as ASICs will only allow you to mine on a single algorithm. GPUs can swap different algorithms any time they like, and can also be resold to gamers, unlike ASICs which can only be sold to fellow miners. • Solo and Pool Mining While you will still be using your GPUs or ASICs, you have the choice to choose between mining in a pool, or by yourself, hence “solo” mining. Pool mining is where you join with a group of other miners and every miner contributes to mining blocks. The difference between this and solo mining is that your payouts are more consistent. Solo mining is hard, especially if you are running a small rig because you will most likely not find a block for a very long time unless you get very lucky. You can use the Coin Warz calculator to estimate how long it will take you to mine a block by yourself. Another benefit of pool mining is that it’s more consistent. You will get your payments consistently, unlike solo mining where it may take a very long time to get your payout. I recommend the Ethermine.org and Nanopool.org pools, each have a large list of crypto-pools to choose from. You can also check if your rig is online here, as well as how much crypto you have mined. • Cloud Mining Cloud mining is definitely the easiest way to start mining, as you can purchase a mining contract whenever you like. You do not need to setup a rig or even have an internet connection, the company which hosts the miners will do this all for you. You’re only required to pay monthly for the hashing power, however these contracts can turn out to be quite unprofitable, as contracts tend to last for 24 months, and with the networks increasing difficulty you may start losing money every month. Another negative is that you will not be able to sell the rigs, and will not be able to cancel the contracts. However if you do decide to start cloud mining, one of the largest companies for this is. Is another cloud mining company which unlike Genesis does not lock you into a contract and allows you to cancel any time you want, making this an excellent option. Nice Hash also allows you to sell your hashing power for Bitcoins, so you can set your own mining rig to mine on the Nice Hash servers and earn Bitcoins. However, this can turn out to be less profitable than mining an altcoin by yourself. You can use this code: MRT1YF on Genesis Mining for a 3% discount on any purchase! How Should You Store Your Coins? My personal recommendation is to keep full control of your wallets and not in the exchanges since exchanges can be hacked and you run the risk of losing your coins forever. You should also keep your coins in an offline storage for maximum security. A useful multi-wallet application which I recommend is the You can store many different types of coins here including popular ones such as Bitcoin and Ethereum. This wallet also gives you full control of your private keys in case you want to move your wallet out of Jaxx. The Jaxx wallet also has mobile apps which allows you to take your cryptos with you anywhere. The is another useful multi-wallet, however it is a hardware wallet, so you will have to spend an extra portion of your budget on this. Though it does payoff with it’s increased security. Mining Communities Mining can often be a quite strenuous process that is not error free. So if you are setting up your own miner, it can be useful to interact with some communities in order to get proper guidance. One of my favorite communities is Reddit, and although Reddit has a vast array of sub-communities, or subreddits, there are some for mining. Such as: • • • Here you can ask the community questions about your mining setup, and about any issues you may be having. Though r/EtherMining is focused on mining Ethereum, they will be happy to help you with general mining questions. The Ethereum Stack Exchange community is another useful one where you can find out about graphics card hashrates as well as ask questions. You can also ask about general Ethereum questions here. Recommended Coins To Mine. I recommend mining the most profitable coin for you. So, if you’re using AMD GPUs then Monero and Ethereum are the most profitable option for you. If you’re using NVidia, ZCash and Ethereum are the most profitable. It’s your choice to choose which of these two coins to mine, and I recommend mining whichever one you think has the brightest future, as what you mine today may be worth $10 now, but $100 in a few months. You can always trade your mined currency for a different coin if you believe that is a better option. You can use services like for the quickest cryptocurrency swaps, or you can trade on sites such as Bittrex so you don’t have to pay as high of a fee. My Advice To Newbie Miners My single most important piece of advice to miners is to make sure you have a near 100% uptime, because if your miner shuts down while you at school, work, overnight, or while you’re on holiday you will lose out on gaining a large portion of your profits. One of the easiest ways to secure your stability is to have safe overclocks, and by testing your rigs. Instability can often be caused by too high of an overclock, or by faulty risers. I also highly recommend the EthOS is an operating system specifically made for mining Ethereum and other cryptos alike, such as ZCash, Monero, and many more. The OS is extremely stable and if your rig crashes, the OS will boot up and start mining straight away. The OS also supports up to 16 AMD or NVidia graphics card, which is a huge step up from Windows, which supports a maximum of 8. Start out small. I don’t recommend starting out by buying hundreds of graphics cards and miners, especially if you have no previous experience with mining. If you start out small you can easily upgrade in the future by either adding rigs to your farm, or by adding graphics cards to your rigs. It’s also never too late to start mining. New cryptocurrencies are created everyday, so in the future, if the top currency’s difficulty is too high, you can always choose a different currency. But if it does come to the point where you can’t mine enough currency to pay back your power bill, you can always sell your rig and make most your money back that way. However, my single most important piece of advice is to have fun, and to not panic when you have issues, setting up a mining rig and managing it can be very fun, and also very stressful when it’s not working. If you are having problems you should definitely contact the communities I listed above, as someone else is bound to have had the same issues as you and can help you out. Final Summary • There are many pros and cons of mining and investing, make sure you choose the best option for you. • It’s very easy to make a lot of money off of mining, but it’s also easy to lose everything if you don’t take the necessary precautions. • Be wary of the networks increasing difficulty. Even though you may make $10 one day, the next day you may make $9, so you should always be open minded about mining different coins when the time comes. • Choose the right graphics card for your budget and depending on the coin you want to mine. • If you need help, don’t hesitate to ask the community. • Keep your coins safe. If you lose them you could take a big loss. WARNING: DO NOT mine with laptops, laptops ARE NOT made to run at 100% load for prolonged periods of time. If you decide to mine on your laptop you can damage your laptop due to overheating, potentially causing your laptop to break and to cease functioning. Follow Us On Social Media • • • • Subscribe to our. 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. • 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. This calculator is based on a simple formula described in this. Now the ethereum calculator gets the latest network hash rate from and the eth price from. The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It's your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate). For longer term prediction values are calculated based on anticipated network hashrate considering the evolution for the next 6 month will be similar as the one for the. A simple and extremely accurate Bitcoin mining calculator with instructions on. Bitcoin Mining Calculator; Ethereum. Can profit from a certain Bitcoin miner. The processing power of the cards is added from the spreadsheet shared in the thread mentioned above. The consumption is taken from the same place or from and the price is manually taken from amazon and neweggs(depending where is cheaper, the links contains affiliate code). What is Ether Mining and what is GPU Mining? Ethereum is a distributed platform which is built on blockchain technology. Blockchain is a sort of a database which is stored on volunteers computers who are running a node on their computer. The blockchain can work if most the nodes in the network are acting fair keeping track and validating all the changes/transactions in the netowork. In order to make sure no group of nodes controls more than 50% of the netowork, the solution is to make it so expensive to control 50% the network that no organisation is able to do it. The algorithm adopted by many coins like Bitcoin, Ethereum, ZCash and others is called proof of work and in consists in a searching for a solution that can be found only through brute force. When a miner finds the solution it gets a reward and it can close the current block. The operation for looking for the solution is called mining and all the miners are competing for it, each of them having a chance equal to the processing power he has. Statistically each of them will get a part of the pie proportionally to the computing power is uses. In order to mine you need to perform as many operations as possible in an interval of time. For ehtereum the best computing power is delivered by graphic cards with powerfull GPUs. Other coins, like bitcoins can be mined with specialized hardware calles ASIC which are a many order of magnitudes faster than the gpus. Right the best cards to mine ethereum with are AMD Radeon RX 570 and 580 and NVidia GTX 1070. NVidia GTX 1060 can also be used but only the 6GB version. What is the Ethereum mining difficulty? In a blockchain, transactions are added in a block, then the block is closed and added in the chain. After that a new block is open. In order to maintain the consistency over the network, only one miner can close a block in a specified moment. That miner is the one which solves first the hash problem and finds the winning solution. Then it closes the block and signs all transactions, getting the block reward along with all transaction fees. Findind a solution is practically running brute force algorithm. The time to find a solution is hard to tell. In the same time blocks are having a predefined maximum size and by convention a blockchain needs to have an averate time interval at which blocks are closed. In order to do that from time to time a variable called difficulty is adjusted based on previous performance. The difficulty can be considered a parameter which is in the inverse relation with the network hashrate. The more computers are mining ethereum, the higher difficulty is. This calculator is based on a simple formula described in this. Now the ethereum calculator gets the latest network hash rate from and the eth price from. The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It's your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate). For longer term prediction values are calculated based on anticipated network hashrate considering the evolution for the next 6 month will be similar as the one for the. The processing power of the cards is added from the spreadsheet shared in the thread mentioned above. The consumption is taken from the same place or from and the price is manually taken from amazon and neweggs(depending where is cheaper, the links contains affiliate code). What is Ether Mining and what is GPU Mining? Ethereum is a distributed platform which is built on blockchain technology. Blockchain is a sort of a database which is stored on volunteers computers who are running a node on their computer. The blockchain can work if most the nodes in the network are acting fair keeping track and validating all the changes/transactions in the netowork. In order to make sure no group of nodes controls more than 50% of the netowork, the solution is to make it so expensive to control 50% the network that no organisation is able to do it. The algorithm adopted by many coins like Bitcoin, Ethereum, ZCash and others is called proof of work and in consists in a searching for a solution that can be found only through brute force. When a miner finds the solution it gets a reward and it can close the current block. The operation for looking for the solution is called mining and all the miners are competing for it, each of them having a chance equal to the processing power he has. Statistically each of them will get a part of the pie proportionally to the computing power is uses. In order to mine you need to perform as many operations as possible in an interval of time. For ehtereum the best computing power is delivered by graphic cards with powerfull GPUs. Other coins, like bitcoins can be mined with specialized hardware calles ASIC which are a many order of magnitudes faster than the gpus. Right the best cards to mine ethereum with are AMD Radeon RX 570 and 580 and NVidia GTX 1070. NVidia GTX 1060 can also be used but only the 6GB version. What is the Ethereum mining difficulty? In a blockchain, transactions are added in a block, then the block is closed and added in the chain. After that a new block is open. In order to maintain the consistency over the network, only one miner can close a block in a specified moment. That miner is the one which solves first the hash problem and finds the winning solution. Then it closes the block and signs all transactions, getting the block reward along with all transaction fees. Findind a solution is practically running brute force algorithm. The time to find a solution is hard to tell. In the same time blocks are having a predefined maximum size and by convention a blockchain needs to have an averate time interval at which blocks are closed. In order to do that from time to time a variable called difficulty is adjusted based on previous performance. The difficulty can be considered a parameter which is in the inverse relation with the network hashrate. The more computers are mining ethereum, the higher difficulty is. Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as (BTC) on your behalf. The main advantage of this approach is that you don't need to have in-depth knowledge of mining hardware, nor buy expensive and hard-to-obtain devices. Renting 'hash power' (usually measured in Gigahertz per second or GH/s) also means you don't have to deal with the heat and noise that comes with a DIY mining project. Many of these companies either source their own equipment or build it cheaply and have placed their data centers in countries like Iceland and China where electricity is cheap, passing the savings on to you. In this guide, we will explore five of the most reputable cloud mining companies. As there are many scam outfits posing as miners, where possible we've chosen cloud miners who can prove that their data centers exist or are endorsed by a reputable firm. Take some time to do your own research before investing at your own risk, of course – ultimately this is your money. If you are interested in cryptocurrencies but don't feel happy with the idea of mining, you can also simply purchase Bitcoin as an investment (see our guide on ). Without further ado, let’s move on to our selections for the best cloud mining providers. Often sold out due to popularity As one of the oldest (it dates back to 2013) and largest cloud mining centers, there seems to be no better place to begin than with Genesis. Its website offers a of some of the data centers which are based in Iceland, a country where cheap geothermal electricity is readily available. Mining contracts are technically available for all major cryptocurrencies and you can visit your online dashboard at any time to reallocate your purchased 'hash power' (so, for example, you could go 60% Bitcoin and 40% Litecoin). In terms of fees, Genesis currently charges $0.00028 per GH/s for mining Bitcoin. The price of other cryptocurrencies may vary so we encourage you to make your own enquiries. The website has a section which you can use to monitor how much you've mined. Due to high transaction fees on the network, your mined coins may need to meet a minimum threshold before the funds are actually transferred to your wallet. Bitcoin Cloud Mining and Investments. Start mining immediately with our cloud mining contracts! 100% guaranteed uptime. The simple interface combined with Genesis Mining's solid reputation has meant that at times the company cannot keep up with demand for mining contracts (which tells a story of its own). At the time of writing only Monero mining contracts were available for purchase, although this will likely change later in the year. Purchase of Antminer hashrate currently sold out Hashnest was launched in 2014 by Bitmain, which is a world-renowned manufacturer of ASIC mining hardware. Bitmain also operates one of the largest mining pools in existence: Antpool. Combined with the photos of a handful of data centers on the Hashnest website, this is persuasive proof that the company is legitimate. While Bitmain is based primarily in China, Hashnest has mining farms around the world, which benefit from low cost electricity. The website currently offers a Payout Accelerated Cloud Mining Contract or PACMiC for short. The PACMiC is a type of electronic contract structured in such a way that Bitmain pays the maintenance costs of mining rigs (such as electricity), and all the mining revenue will be used to pay back the owner of the PACMiC. When the principal is not fully paid back, it will share profit with buyers. This loosely translates as 6.0TH/s of hash power in exchange for 1 BTC. Hashnest claims this results in rolling profit pay-outs for each block found with an annualized ROI of over 14%. Alternatively you can purchase hash power directly from Antminer devices such as the S9 which has a rate of around 125TH/s. You then pay a fixed maintenance fee depending on the efficiency of the device – for instance, the fee for the S9 is currently $0.19/TH/day. Contracts for the Antminer devices are currently sold out but you can still buy a PACMiC contract if you have the funds. Current issues with BTC withdrawals Hashflare is a subsidiary of Hashcoins, another manufacturer of Bitcoin mining equipment which has been around since 2013. Its website gives a detailed rundown of the including pictures. Hashflare offers you the chance to purchase hashpower for a variety of SHA-256 and Scrypt coins such as Bitcoin and Litecoin as well as Ethereum and ZCash. You're also free to choose your own mining pool. Hashflare is open about its maintenance fees: they are $0.0035 for every 10 GH/s of SHA-256 coins and $0.005 for every 1 MH/s of Scrypt coins a day. Ethereum contracts are not subject to any maintenance fees. Your total pay-out will depend on the mining pool you've chosen and how much hash power you've allocated to it. Currently Hashflare only offers a guaranteed Hashrate for Bitcoin and Litecoin mining for 12 months – previously, mining contracts were unlimited. This may make it harder for you to make a profit on your original investment. As of January 2018, Hashflare has also new Bitcoin withdrawals due to a large number of unconfirmed transactions. The company plans to resume withdrawals once this is resolved. BTC mining contracts only The Hashing24 team claims to have been involved in Bitcoin mining since 2012, although the website itself has only been around since 2016. The company appears to have no data centers of its own, rather, it has partnered with big name providers such as BitFury to lease hashpower to customers. Note that Hashing24 is mentioned on Bitfury's website, which may reassure customers that the operation is real. If you're new to cloud mining, you can also use Hashing24's demo mode to simulate a Bitcoin mining contract to see how much you might earn. This is a good way to help you understand some of the concepts behind cloud mining, but won't necessarily let you project future profits, as mining difficulty and BTC price will vary over time (naturally). After registering you can currently sign up for Bitcoin mining contracts only, for a period of 36 months. If these are sold out (as they were at the time of writing) you can also try out Hashing24's auction feature which allows you to bid on hashpower from existing customers. Regardless of how you purchase your mining contract, Hashing24 charges a flat fee of $0.00033 per GH/s per day. There's also a one-time fee for purchasing hashing power with a particular host. Little information on company owners Eobot has been around since 2013 and is registered in California. Its owners have decided to remain anonymous, so there are no photos or office addresses on the main website. Eobot's site did not play nicely with our ad-blocker on registration, forcing us to use another browser. However, once sign up was complete, we saw that the website notifies users when someone logs into their account from a new IP address. Two-factor authentication is also enabled by default, meaning that in order to access your account, you need to provide a code sent by email as well as your password. Eobot offers mining contracts either for 24 hours or five years. The website is neatly laid out and also offers a fee estimator to allow you to calculate daily profits in exchange for the hashpower you purchase. Its main page is very clear that most investments will take around 52 months to break even. Maintenance fees are currently set at $0.00021/GH/s/day. Unlike other cloud mining websites we've reviewed, Eobot also offers an easy to understand explanation of. Contracts are available for a wide range of cryptocurrencies. Due to the owner's desire for anonymity and in order to stay within the law, direct deposit of funds by bank transfer isn't supported. You can, however, buy contracts with Bitcoin and via a USD credit card using Epay. • Top image credit: Hashing24 • We’ve also picked out the. Welcome to another update of my Genesis Mining Profitablity series. Coin Rate Invest Hash Power Return per month Return after 2 years Profit Rating Bitcoin $2,344.00 $1,000.00 7.36 $120.00 $2,880.00 288.00% Average Litecoin $36.35 $1,000.00 79.30 $181.52 $4,356.48 435.65% Good Ether $225.07 $1,000.00 35.55 $123.50 $2,964.00 296.40% Average DASH $155.42 $1,000.00 206.18 $191.37 $4,592.88 459.29% Good Monero $38.98 $1,0.00 $85.23 $2,045.52 204.55% Average Please keep in mind, that this calculation is based on a few assumptions: • Exchange rate and mining difficulty changes in the future aren’t priced in, because it’s really hard to tell. • Instead we assume, that mining difficulty always follows exchange rate – that means if price exchange rate goes up, more miner jump in and the way around. • Bitcoin mining contract has no specific duration or end date – instead it’s valid until maintainance cost will become higher than mining returns. • Calculated Hash Power for $1,000.00 invest assume that you used a promo code in order to achieve a 3% discount. After the the rise of the crypto-market, people are taking profits and prices suffered from recent correction reflecting in lower exchange rates. Ethereum difficulty did sky-rocket, means it's not the best choice right now - you will be better off just buying some coins. Dash and Litecoin contracts performing really well, but are sold out at the moment. My favorite right now are Bitcoin contracts because they have an unlimited length but you have to pay a maintenance fee of $2.80 each THash a day. The contract itsself cost slightly more than a mining unit. If you think that Bitcoin price will increase and outperform the difficulty - this contract could be a good choice. It could be possible to gain profits at least until 2020 (next reward halving day). I'am almost certain that from that point on the contracts will end because profts can't be covered by the daily fee anymore. If you find this post useful - feel free to use my promo code: 7E2tJk. Not really a pyramid since Genesis Mining are running a real business - they have real mining equipment running. But there are indeed many black sheeps in the Cloud Mining market - which don't really run a mining business and instead a pyramid scheme - so take care when investing into other offerings. When investing money you just wanna maximize your profits. The simplest thing you could do is buy some Steem for example if you think - the value of Steem will raise over the next few month or years - just like an asset on the stock market. Mining contracts are a little bit harder to understand because your gains are affected on two factors (market price of your crypto-asset and mining difficulty). Mining difficulty raises if more and more people start mining a specific cryptocurrency - so you get a smaller peace of cake of those mining profits every day. Thats why i'am looking for really good value, before investing into a mining contract on Genesis Mining. Today for example they listed X11 contracts again - as it looks now it could be a good investment. I'll start a new project and special offer for people who wanna get into Genesis Mining this weekend. I won't spoil to much yet, but it will be very useful if you already use Steemit:) Stay tuned! |
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March 2018
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