About this guide:
Hey everyone! I've recently gotten back into the mining scene, and I've decided to mine Ethereum (or ETH). I've been mining Monero lately (which I might also set up a guide for at a later date) and has proven to be somewhat profitable. However, at this moment in time ETH is the most profitable coin to mine, whether it be to convert into Bitcoin (BTC) or into a fiat currency. Even though I have years of experience of mining under my belt, it was a hassle (to say the least!) on how to mine ETH. Why not put up an idiot-proof guide on Steemit so everyone can see how easy it can be to mine ETH? Follow these instructions coming up next, and you'll learn how to mine ethereum in a half an hour or less. A little about Ethereum mining.. ETH mining is ASIC-proof, meaning that only GPU's and CPU's can be used to mine ETH. CPUs, in all reality, is too cumbersome to use as a means to mining Ethereum; CPU's simply will not do the trick. AMD video cards are preferred and usually are more efficient, but you can also mine via NVIDIA cards as well. You can get a list of GPU's optimal for mining here: http://ontimefeed.com/best-gpus-for-mining-2017 Alright, with that out of the way, let's keep this short and sweet -- we just want to mine ETH, we don't want to read a wall of text! BE SURE TO TURN OFF YOUR FIREWALL/ANTI-VIRUS OR ALLOW PERMISSION FOR ALL THINGS ETHEREUM! DownloadsThese are the download links that we will be using: Geth: https://github.com/ethereum/go-ethereum/releases Ethminer: http://cryptomining-blog.com/tag/ethminer/ Ethereum Wallet: https://github.com/ethereum/mist/releases Alright... now that we have the links, let's get started! Read more at OntimeFeed |
Sunday, 22 October 2017
Ethereum Mining 2018
Saturday, 21 October 2017
Antminer D3 Miner DASH X11
The Antminer D3 is the latest product by Bitmain, released in 2017. It focuses on X11 mining, an algorithm used by the popular Dash cryptocurrency. With a 15 GH/s hashing power, it consumes 1200w and is currently valued at $1599 although it is currently not available.
Specifications of the Antminer D3 are as follows:
Power consumption figures will vary with your PSU's efficiency, the ambient operating temperature and the accuracy of the power meter.
Bitmain recommends use of the APW3++ PSU with the Antminer D3. One APW3++ PSU can not power more than one Antminer D3.
To confirm your order, remember to click on "Pay for Order" after you have submitted your order. You can then select you preferred method of payment
We advise you to research and prepare in advance for the customs' clearance in your country to avoid delays or unexpected costs.
All PCIe connectors on a hashing board need to be connected to the PSU for the hashboard to operate. Do not connect more than one PSU to the same hashing board!
Separate power supply to control board: there is one additional 6pin PCIe connector on the IO board which must be connected to the PSU to get power. Be sure to power on the miner only after all the PCIE connectors are connected to power supply.
Disclosure: Mining equipment metrics are calculated based on a network hash rate of 278,232 GH/s and using a DASH - USD exchange rate of 1 DASH = $ 290.4. These figures vary based on the total network hash rate and on the DASH to USD conversion rate. Equipment cost can vary, block reward is fixed at 3.6029519103467464 DASH and future block reward reductions are not taken into account. The electricity price used in generating these metrics is $ 0.12 per kWh.
Read More
Specifications of the Antminer D3 are as follows:
- Hash rate: 15 GH/s (Variation of ±5% is expected)
- Power consumption: 1200W (at the wall, with Bitmain's APW3 PSU, 93% efficiency, 25°C ambient temp).
- Dimensions of the miner: 320*130*190mm
- Hashing algorithm: X11
Power consumption figures will vary with your PSU's efficiency, the ambient operating temperature and the accuracy of the power meter.
Bitmain recommends use of the APW3++ PSU with the Antminer D3. One APW3++ PSU can not power more than one Antminer D3.
To confirm your order, remember to click on "Pay for Order" after you have submitted your order. You can then select you preferred method of payment
We advise you to research and prepare in advance for the customs' clearance in your country to avoid delays or unexpected costs.
All PCIe connectors on a hashing board need to be connected to the PSU for the hashboard to operate. Do not connect more than one PSU to the same hashing board!
Separate power supply to control board: there is one additional 6pin PCIe connector on the IO board which must be connected to the PSU to get power. Be sure to power on the miner only after all the PCIE connectors are connected to power supply.
Disclosure: Mining equipment metrics are calculated based on a network hash rate of 278,232 GH/s and using a DASH - USD exchange rate of 1 DASH = $ 290.4. These figures vary based on the total network hash rate and on the DASH to USD conversion rate. Equipment cost can vary, block reward is fixed at 3.6029519103467464 DASH and future block reward reductions are not taken into account. The electricity price used in generating these metrics is $ 0.12 per kWh.
Read More
Friday, 20 October 2017
Bitcoin Mining Know How
What is Bitcoin Mining?
Bitcoin Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.
The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins.
This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.
What is Proof of Work?
A proof of work is a piece of data which was difficult (costly, time-consuming) to produce so as to satisfy certain requirements. It must be trivial to check whether data satisfies said requirements. Some high tech gpu are used for mining with less investment, some of the best gpus for mining are making mining simple.
Producing a proof of work can be a random process with low probability, so that a lot of trial and error is required on average before a valid proof of work is generated. Bitcoin uses the Hashcash proof of work.
What is Bitcoin Mining Difficulty?
The Computationally-Difficult ProblemBitcoin mining a block is difficult because the SHA-256 hash of a block's header must be lower than or equal to the target in order for the block to be accepted by the network.
This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made.
In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information.
The Bitcoin Network Difficulty Metric
The Bitcoin mining network difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty.
This will yield, on average, one block every ten minutes.
As more miners join, the rate of block creation will go up. As the rate of block generation goes up, the difficulty rises to compensate which will push the rate of block creation back down. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless.
As more miners join, the rate of block creation will go up. As the rate of block generation goes up, the difficulty rises to compensate which will push the rate of block creation back down. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless.
The Block Reward
When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply.
Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income.
READ MORE
READ MORE
Subscribe to:
Posts (Atom)