How Much Does It Cost To Become A Ethereum ETH Miner
How to mine Ethereum 'the Easy Way' Ethereum is. And your up and running as an Ethereum miner. Costs of running an ethereum mining contract. Economies of scale is the cost advantage that arises. For holding on to quantities of ETH. (Related: Ethereum Community. Mining has become quite.
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• Public moderation logs. • For a complete list of rules and an Ethereum getting started guide,. Resources • & • & • • • • & • • • • • & • • •. You are correct, except for the other costs of mining that needs to be calculated (or at least I think so).
Peripheral power draw (probably at least 2x 96 watts when you factor in the rest of the computer, PSU inefficiencies and screen) and actual depriciation/hardware cost I would be surprised if many people mine Ether for under $0.75 if you assume that they purchase their mining equipment and pay power for GPU and all peripherals. Prob a little lower but not under $0.50 I would guess. Of course, if you have a computer already, that's great. I'm just working with the assumption that most miners are running somewhere between 1-3 GPU's The bulk of the hashing power of the network (~75 GH/s) comes from GH/s sized farms which means 40 highly efficient (25MH/s per card) cards for every GH they put out.
The biggest one with 8 GH/s has around 300 GPUs. You can fit 6 on a single mainboard. Even those with 300-500 MH/s are running roughly 20.
These are the guys from China & US that mined Litecoin & Co. And have already written of their hardware costs. I personally would argue that it doesn't even matter that much what the cost to produce is right now. To get even a vague idea of a 'fair value' we need a longer than 4 days extrapolation of the difficulty increase over time, total production cost etc. And even then it comes down to the very vague 'interest' factor and total coin supply. I'm not selling any under $5 and that would be to buy more mining equipment if it seems like a profitable venture. If you believe in what Ether promises ans look at the project over time value is 99% certain to land somewhere between $0 and $100,000 per ether:) • • • • •.
I will do similar calc, because my setup is almost identical to you. I have made 88 ETH in 7 days on Radeon R9 290 GPU.
PC is using 1000 Watt power. Price in Chicago is ~$0.16 cents USD per kilowatt hour. Price per hour of my PC electricity bill = $0.16 * 1 = $0.16 USD. 7 days x 24 hours = 168 hours. 168 hours x $0.16 USD per hour = $26.88 bill total to produce 88 Ethers. If we price Ethers @ $0.30, I am break-even at this point.
Not to mention 35 of those Ethers were mined on Day 1 when difficulty was low. Very close to shutting down my miner. Let the march towards mining centralization commence.
Last updated July 13, 2017 Do you want to mine Ethereum? Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs. This article will help you learn more about the best Ethereum mining hardware. Note: Before you get hardware make sure you have, an, and an like the for secure storage of Ether.
If you just want Ether then just. Mining has a lot of setup costs and some technical knowledge is required. What is a GPU Ethereum Miner? In order to mine Ethereum, you will need specialized hardware known as (GPU). Ethereum’s developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power.
So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer. How can you find the best GPU and rig? Some GPUs have a higher hash rate than others, while some use more electric power as well. In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity. Many of these costs will vary by country. Is it cheap to buy GPUs in your country?
Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs. Also, what is the cost of electricity in your country? Electricity costs are the deciding factor for most miners.
Can You Really Make Money With Peercoin PPC Mining more. As we have seen with, miners in China, Iceland, and other places with cheap electricity have a huge advantage! Most efficient GPUs on sale • • • • • • • Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale.
Note that the power costs per day numbers used below were based on the global average cost of electricity and the price of on September 16, 2016. For more accurate estimates, use an. Radeon R9 295X2 The has by far the highest hash rate (46.0 MH/s) of the on the market and will cost you $600. It has a power cost per day of about $1.44, a return per day of about $1.61 and a cost per MH/s of $13.04.
This gives a return per year of $586.43. Radeon R9 HD 7990 A will cost you $680. Its power cost per day is lower than the R9 295X2 at $1.08 but its hash rate is significantly lower at 36 MH/s. Its return per day is $1.29 while its cost per MH/s is $18.89, giving it a return per year of $469.40. Radeon RX 480 The is most arguably the most economical in terms of cost and saving electricity.
Its power cost per day is significantly lower than the two that I have mentioned at $0.4320. Its hash rate is 25.0 MH/s, meaning its cost per MH/s is $7.96.
This gives a return per day of $1.21 and therefore a return per year of $440.91. Radeon RX 480 will cost you $199. Radeon RX 470 A has a modest hash rate of 24.0MH/s. Its power cost per day is exactly the same as the Radeon RX 480 at $0.4320. Its cost per MH/s is $9.13, giving it a return per day of $1.15 and a return per year of $418.16. Radeon RX 470 will cost you $219.
Now that you know the best Ethereum mining hardware,. If you don’t want to mine you can always just.