Beginner’s Guide to Ethereum Mining in 2018 – How to Mine Ethereum on Your PC?

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People are spending thousands on mining rigs, but what is the realistic return on capital as of July I just finished putting together my 6x GTX is it worth it to start mining ethereum june 2017how rig. I was getting approx gh mining ether and sos on zcash. I was thrilled, I thought that hard drive would end up being for a future rig, but the is it worth it to start mining ethereum june 2017how reversed.

Just another pic of hardware etc. Which in general is kind of easy to use but if you mess something up by accident is hard to recover from. Thankfully I was able to switch the miner from Ether to z-cash successfully. From the default Ether pool it comes with it calculated that month to month I would be making approx. I couldn't believe this number especially after what I read.

I understand this may not be the most popular or successful pool but I ask and write on steemit for help as much as I am as a form of research unto others. Be sure to stop mining before making these changes, then restart. Then a few hours later I looked at the stats on this new pool which also had a built in calculator. I triple taked the screen lol. Its baffling to me that these numbers have become so outrageously low.

Once again I could be in the wrong or unpopular pool, this one being nano pool this time. I mean I bought the thing and worst comes to worst have a sick gaming computer if nothing works out but one of my last resorts will be to use what's called the claymore miner in eth OS you can dual mine another coin paired with etherium as far as I'm aware.

After this whole experience I consider myself somewhat "In thew know," lol. If you have any questions. I hope I can help you. So I will try to dual mine etherium and Sia coin and see if that generates any kind of decent profit margins. I have a cool wireless power tracker built into my rigs surge protector so I know exactly how much energy it's consuming.

I will let you guys know how it goes, in the mean time. For people spending thousands of dollars on these things my point is Do research before you buy I'm not an expert, this is just my experience but of course I wish everyone the best of luck and abundance.

I would be very happy if it pays for itself in a couple of months. Hey vallesleoruther I think you are more likely looking at months of operation before Ti's are paid off but sounds like an interesting venture nonetheless!

Good luck with it. Definitely a good idea to diversify your income and generate some passive cash: Also, I almost forgotten. That command will show how many GPU's, current driver, etc. I can't tell you how big of a help it is that I even found you though this post, thank you so much. I can't get to my miner tonight but I'll let you know first thing tom, no problem, and thank you again murda-ra!

Hey, so here is a link to my statistics I think if that helps: I did notice one other thing I don't know if this means anything but under one part of this chart is shows all 6 pus and the memory allocated to each: I see on Nvidia's website there is a newer driver for the on linux. Are u on discord? If yes, we can talk there and install teamviewer if ssh is not possible to your isp.

I would love to help, if ure having time. Doing it yourself for one but you see the trouble I'm running into here. Is it worth it to start mining ethereum june 2017how is also free on the Microsoft website. My 's I got from BH photo for a pop approx. Cloud mining all the way for me. These are the sites I use! Then send it is it worth it to start mining ethereum june 2017how to Eobot to boost my account their. Thanks for this - I was looking at putting together a 6 or 8 gpu rig, not to get rich, just out of interest for a little project Maybe I'll give it a miss or wait for the dedecated mining cards mentioned in one of the comments.

Authors get paid when people like you upvote is it worth it to start mining ethereum june 2017how post. Yes that is the goal haha.

Thank you, followed you want to see more of your mining updates. Can you access SpeedTest. I can certainly try. I will get back to you for sure, I know it's extremely strange. Let me know ASAP please. This is per one running ethos: This is per one overclocked running ethos: So something is seriously fucked with your setup, since u should be mining usd a month.

Show 12 more replies. We can buy low cost miner from bitman. Hi whats the cheapest setup to start mining?

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Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. Ethereum is becoming even more profitable now after its first huge jump in price over the summer, which has meant even more to become suddenly interested.

We recommended for two months straight over the summer that people that want to minimize the risks involved with investing in the cryptocurrency space should consider getting into Ethereum mining, but that it might be a bit late in the game to set up a rig considering the many unknowns in the industry.

Those that got in early and have remained steadfast in keeping their rigs online since then have made really decent gains, especially if they had many rigs or GPUs to maximize their profits. So back to the question: Is it worth it to start mining? Do you appreciate this guide?

Because of this, difficulty dropped to around 1,, which was still higher than it was when we last updated you. For those unfamiliar with how mining works, this is basically the rate at which you will see rewards for the amount of energy your GPU puts into mining the coin. The same amount of energy or time the GPU is running, in this case put in a couple months ago would have given the miner far more return in terms of sheer ETH reward than today.

That also compares to an average of around T for the month of May. Prices were also much lower then, however. Profits for miners have steadied out over the last few weeks since the price of ETH doubled. Want to learn how to build a 6 GPU rig for Ethereum? So is it worth it to start mining Ethereum in December ? Theoretically, it could crash at any moment. My mantra with mining is this: As of December , the most impending threat is probably the Casper update.

Have feedback or thoughts? Or, if you want free hands-on help with getting up and running with a mining rig, be sure to head over to the forums. The balance of power, so to speak, lies in the price of Ether continuing to go up with the difficulty to mine it. When miners leave, all interest in Ethereum dies and the price crashes.

Casper will be rolled out by 2Q of this year, considering the difficulty and the network hashrate. Is it worth it to start mining Ethereum in December ? About Author How to Mine We teach humans how to mine cryptocurrency.

January 8, 2. July 13, 2. June 2, 8. So many people has entered to mine ETH, that they are going to kill the hen.