Google makes a cryptocurrency ethereum supply may be capped to 120 million autonomous crypto bank17 comments
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So how much money can I expect to make from mining, exactly? This is the question that most people are interested in. The answer is fairly complicated, and changes daily. The volatility in digital currency value is extreme—the price today could be very different than the price tomorrow. On top of that, the difficulty involved with mining a coin is also changing constantly. You can answer the question for right now by using a calculator such as this one.
The calculator takes into account the current mining difficulty automatically. If the price of ether rises faster than the mining difficulty increases, then that profit figure will increase. Buying the digital currency directly enables you to get your hands on a bunch of it quickly, without having to wait for a mining rig to produce it for you. You can sell it at a small loss, or re-purpose it maybe try your luck at mining one of the other digital currencies, for example.
Using a free sound meter app on my phone, I measured the sound level of my test rig at 47 decibels with the phone held about inches away from the middle of the GPUs. From roughly 6 feet away, the sound level dropped to about 37 decibels, which I find to be completely acceptable.
The heat that a rig produces may be more of an issue, depending on where you live. Most small consumer space heaters put out watts of heat.
An undervolted 6-GPU rig will give off roughly half that, which is still a significant amount. How do I convince my significant other that building a rig is a good idea?
She hated the noise modern GPUs are much quieter , but she did make a tenfold return on her investment. Now use the head of your screwdriver to temporarily short the two pins on the motherboard that the power switch would be connected to if you had a power switch. Just touch the head of the screwdriver so that it makes contact with both pins for a brief moment.
The first thing you should do at this point is enter the BIOS and change the power options to set your computer to automatically power on whenever power is restored. That way, you can use the switch on your power supply to turn it on and off going forward. In Linux, I believe that all of the RX 4xx and RX 5xx cards share the same driver, so they should all coexist together without problems.
A lot of other guides recommend more. And is it worth paying so much for a high efficiency unit? The reason that I recommend a watt PSU is due to efficiency variance at different load levels.
The difference between the first and last example is watts at the wall. The CPU, memory, and disk will mostly be unused while your rig is mining, but anything GUI-related will be pretty unresponsive.
You should be able to run things like file servers and low-traffic web servers just fine without impacting mining performance. How much of my internet bandwidth will my mining rig use? To stop your system from performing automatic updates in the future, you can use one of the methods described here. Most people close to Ethereum seem to feel that the second half of is a realistic target for the switch, which still leaves plenty of mining time.
I have an old video card with 2GB of memory laying around. Can I use it to mine ETH? Just when I was about to reach 1 ETH at my mining pool, my balance went to zero!
Did I get hacked? Most mining pools including ethermine. You can easily check the balance of your wallet address with a web-based blockchain explorer, such as this one. How do I keep my ETH wallet safe? Backup your wallet to multiple secure, offline devices a few small USB sticks are great for this.
Just copy the entire keystore directory someplace safe. So make sure that you can remember your password s as well! Keep at least one copy off-site eg: Mist is essentially a GUI front-end for geth that hides all of the tedious command-line stuff from the user. Until this finishes, the balance of all of your wallets will likely show up as zero.
Once the sync is complete, all of your balances should show up properly. I see that Claymore supports dual mining—what is that, and should I use it? I wrote a dedicated blog post on this subject; you can read it here. Gox at some point in the future because of this.
For now, I tend to recommend Coinbase. Keep your funds in wallet addresses that you control, and move them to exchanges only when you want to trade. Can I buy you a beer? Your mining guide has been a huge help! You can verify your balance by using an online blockchain explorer, like this one. I wanted to ask you, can you point out some decent sites you are following for trends, forecasts, etc..
Thank you in advance. Not sure where this comment belongs, but caused enough frustration wanted to share an obscure solution. After upgrading from 9. Failed to set new fan speed, check if miner has root access! Obviously wanted to avoid cooking the GPUs, so fell back to 9.
The correct command is: That pool at ethermine. I have followed your guild and have 10 rigs up and running. I am worried about the hard fork happening tomorrow. Says everywhere to update geth to the newest version bit the only thing we used geth for in your guild was to make a wallet. And I only did that on the first rig. Your help is appriciated. I also replied to your email, but just in case anyone else is wondering — there is no need to take any action for the upcoming Byzantium update from a mining standpoint.
Your miners will continue running, and your pool will continue payouts most of the large pools including ethermine and nanopool have already confirmed support for the fork.
If using Mist as your wallet is your recommendation to run it on a different computer than the mining rig? Do you have a post about solo mining for those of us who have a few more rigs? Tried solo mining for a bit. Invoke geth with -rpc option. Default access is at localhost: Then aim Claymore at geth per its solo mining option: Of course, all of this should be well secured behind firewalls etc.
So your probability of finding the next block is about one in a million. Could be shorter, or as more network hashrate capacity is added could be longer. Meanwhile the electricity bills keep coming. I need a solution to manage all of them in one place. There are few solutions I found at https: I have found your post on creating a miner running on linux very useful. This is because of the complications I have to face when running more than 8 AMD cards on windows.
Anyway, I was wondering if you can perhaps give a tutorial on how to create a static IP address on my miner rig so I can access it outside my home network please? A full-blown tutorial on public network access is beyond the scope of this mining tutorial, I expect. But a few pointers:. You can do this by configuring an IP address within Linux. Or you can configure the router to always assign the same IP address via DHCP poke around in the router configuration until you find a table that maps from Ethernet addresses to IP addresses.
This is probably a private IP address e. A variety of dynamic IP address systems allow this by running a client in your network on the rig or home router that checks in periodically, which shows its current public IP address for registration.
Allow external access from the router to the rig itself. One way to do this would be to redirect the appropriate TCP ports for the access your require 22 for ssh login, for Claymore monitoring. Tuning your local rig will be the main determinant of performance. Dear Zelda, thanks for your reply. If I go to windows and load the normal non-blockchain drivers I get these Hashrates.
Yeah I can already hit the higher hash rate using Windows but I would prefer to use Xubuntu. I just had this problem myself — it seems a security update came through which bypassed my previous attempts at blocking a system update.
I was actually thinking of simply doing a fresh install and trying to do it without doing the system update. I wonder if that would fix it. I have a question to unix people.