Monster un rig litecoin
When operating, ethosdistro will turn the GPU processor speed down to keep the card within power limits. I usually put my miners on one cryptocurrency and leave it there for a month or two. Since prefer to mine and hold, I like to mine a cryptocurrency that has less competition. Some people are not able to mine and hold, and instead must mine and sell the rewards that they mine.
I still like to make sure that I am mining one of the more profitable coins, so as long as it is close to the most profitable, I am fine with that. These are the settings:. All five equihash coins are fairly similar in profitability. Nicehash is an interesting option also — if you point your GPU miner at it you will get paid in Bitcoin.
For mining and holding, you should do your research and determine which ones you think have the longest term potential to increase in usefulness, value, and price. Assuming everything stays the same system hash rate for each coin, price, etc.
Now, to double-check the Whattomine calculator against reality, you have to check your mining pool. The hashrate for the 27 miners I have mining ZEC right now has averaged about Profitability, however, is a constantly moving target.
If it is a cryptocurrency you believe in, mine it, hold it, and sell some when the price spikes higher to help offset your costs. I like GPU miners. They are straighforward to build, flexible, and profitable. For most people just getting into mining, I tell them that it is great to have grand plans, but that they should start mining with just one miner first, because it is a learning experience.
After they run out of room at their house or apartment, then they can look at getting more and putting them into a place that has more electricity and cooling. Jon Boyer October 3, 3: I just shared this with my partner. Rolf October 3, 4: Nice thing about GPU rigs is you can get everything you need in a week, and start mining right away. CC December 17, I probably have sooo many questions but first I just want to say thank you for sharing all your valuable experience and knowledge.
You are helping lots or people and helping the industry a lot in the process. Motherboards are msi z None of the rigs are performing at the hashrate I was told they could achieve. Do you have any settings suggestions? Can you give me some good guidelines or direct me where to find them? Also, I need to add additional ventilation before the warm weather hits and I wondered if you might share the info on your filtered intake fan as well as your exhaust fan?
Brian October 3, 4: Rolf — I appreciate your articles and videos. I hope to have my first miner up in my home in about a week as parts come in. I have two quick questions: What is your set up for running GPU miners at V? It likes higher voltage, because there is less current.
It does not really save much money. Thomas Wood October 6, Rolf October 16, 4: I go back and forth on that. With almost miners now I need something reliable and simple. Nathan Estey October 7, One of the rigs in this post, or 2 Antminer t9s or s9s?
Love the site and I must tell you that I stumbled across you while researching distributed ledger technology for a paper in my Masters Finance class.
I would not start with an Antminer S9. Wil November 27, 6: Andrew December 6, Super BASH like with git,vim and all the goodies in it. Plus it looks good and it runs claymore output fine remotely as well. Although sometimes if you use screen or TMUX it can get a bit weird on refresh. Have you had much experience or result using nicehash compared to pool?
They always seem to come up high on whattomine etc. Nice article, and I today I was about to buy a similar setup. Difficulty of all GPU-minable alt coins has exploded and still grows exponentially. But then I do it and it is profitable.
At least for the last 2 years it has been. Fabian October 21, 3: Thank you very much for your great tutorials. My rig is finally running with one GTX for testing and learning. In one month I will carry the system to Iran and start mining there with 6 gpus.
I hope secure nodes on zencash will be released soon that I can set up one there, too. Ryan October 27, Thank you for helpful information. Gpu Mining Rigs in Pakistan November 3, 4: Excellent guide to build ethereum mining rig, If you want to build with cheap hardwares than visit here. Scott November 3, I do realize it is using a server psu but i liked that it had a place for external fans. I am total noob trying to build first rig from your post. A little concerned over configuring GPUs in Ethos.
Tim Walters November 14, Hi Rolf — Thanks for the great info! Do you buy additional cables? Am I missing something? Finn McCall January 2, 1: Tim Walters January 2, 8: Finn McCall January 4, 5: Rolf, it might be worth updating the comprehensive guide above, which is excellent BTW, to include the information regarding the cabling.
Neville November 18, 4: What are your thoughts on going for a pre-built ASIC miner or rig instead of building one for the first time? Have you faced this issue? For all the videos, blog posts and time taken to educate the general public. It is greatly appreciated!!! I have been reading and watching for almost a week trying to get a grasp of the how I am going to test the waters , so here is the initial plan.
Time to refurb one of my computers from when I had a computer shop. After 5 yrs of collecting dust. I started in and put down my tools in I am ready to get it together to get back into it for myself.
More for testing right now… MB: Wil December 1, As I wait for a real video card to test Ethos out on, after 4 years and with a puff of smoke I have the old system running. Hi, Amazing stuff you are doing. Besides the manufacturers websites, where do you recommend buying asic mining equipment? Ideally, they would accept bitcoin as currency. Ben December 19, 9: Also in regards to the CPU, will using a cheaper duo core limit us in any way?
Mike December 26, Do you have another recommendation for a similarly functioning gpu to make this build with? Send me an amazon affiliate link to click on and I will, no worries there, will gladly help u get the commission. Rolf December 27, 6: Mike, thanks for asking. Mike Plambeck December 27, 6: Can you tell me one more thing, is mining with a 6 GPU rig like this profitable similarly to mining with an antminer s9 for Bitcoin?
I ask because I wonder if I should focus on purchasing antminers for Bitcoin or do 6 GPU setups, or both at the same time? Best I could find. Nick December 27, Just one at the time? For a beginner which one should I start with? Mine whichever one you like the best and believe will go up in value the most. Nick December 27, 7: So another guy does the same to protect his investment ie: So a third guy does it.
Yeah, bitcoins are no currency because there's no real market linked to it. There are no people only accepting bitcoins. Bitcoins are more like gold, except that instead of mining them, you "mint" them. And of course, unlike gold, they cannot be used for anything if they lose their monetary value. Gold at least can be used as great conductor and for tooth crowns, or if all else fails, it still has decorative value. I just started reading up on the BitCoin infrastructure and it's quite fascinating.
I have some education in economics, but economy is not my main field, so cut me some slack. From what I understand, this shouldn't be a problem and here's why I think so.
While what you're saying is true for "real" economy, it's quite different for BitCoin. When someone's suddenly dumping a lot of currency, greatly devaluating it, you have a reason to believe that this currency suddenly became less scarce. What would cause deflation in BitCoin if it took off? If anything, if BitCoin were to take off in a major way there would be massive inflation inflation in the sense of value of BitCoin to other currencies, i. There is a finite supply of BitCoin, specifically 21 million, more than half of which have already been mined.
Now let's say the BitCoin. Basically, it would have been nice if the people who invented BC had taken Econ or any sort of engineering class dealing with control theory. Everything the government and federal reserve do is evil, counterproductive and without any redeeming value.
As a result a fiat currency must have no advantages or reason for existence except to oppress the people. The gold standard must be superior in all ways. And if the gold standard is superior then something like bitcoin must be even better. That is monetary deflation relative to other currencies; that is, each unit of money e.
Inflation is the opposite: For example, computer processors have had prices fall due to technology, not because the dollar is worth more. Conversely, a civil war in, say, Saudi Arabia would make oil prices and many others rise. Both monetary inflation and deflation can have positive and negative effects depending on the individual. With deflation, money becomes more valuable over time, so savers accumulate money simply by holding it. No risky investment needed.
Debtors, on the other hand, see their debts grow over time. There is a push for less spending and more saving as it makes more sense in this environment.
Consumers may hoard cash. Inflation on the other hand means money loses value over time. Debtors see their debts lessened over time, while savers must invest to break even over the long run. In this environment, there is more spending and less hoarding.
More risky investments are needed to make the same real adjusted for inflation return. This ignores interest rates and the like, fractional reserve banking, etc. Is it really cryptographically guaranteed? From what I heard, it seems it's merely agreed upon by the majority of bitcoin users. They agree on the speed with which new blocks are produced adjusting the difficulty required for a block to be accepted , and they agreed that after a certain number of blocks, the number of bitcoins rewarded for mining a block will halve.
Blocks need to be accepted by the network in order for related bitcoins to be accepted as currency, but technically, it sounds like the network could simply change their agreements, and more bitcoins could be allowed to exist.
Suppose bitcoin gets a huge influx of new users who don't like the idea that all money has been mined and possibly hoarded by the early adopters. They agree to increase the mining rate and the reward. If there's enough of them to outnumber the old bitcoiners let's say that China switches to bitcoins and distributes its own bitcoin software , wouldn't that have an impact?
The way it works, AIUI, is the "new" bitcoins are crytographically guaranteed to be incompatible with the existing coins. So all you would have done is create a distinct bitcoin currency and would have to convince everyone to trade with your version of the coins if you wanted it to have any value.
So four-leaf clovers, albinos and your brain cells will be replacing the Dollar, Yen and Euro sometime soon? An economy is created through individuals specializing, trading with each other, and investing the resultant savings. Merchants haven't been "told" anything other than the Bitcoin exchange rate, which they can easily see for themselves [photobucket.
Probably merchants see a growing community around it right now, and are willing to take some risk now, betting on the future value of the currency, in order to profit in the future. Which is exactly what an entrepreneur is. I just finished up a property class in law school. Way back in the day, people thought it nuts to purchase or transfer rights as opposed to a real, tangible thing like, say, gold.
For instance, rights to land. You can't transfer land, I can't pick up my little corner of the earth and carry it over to you, only plate tectonics can do such a thing. So, people came up with "enfeoffment: To me, smells a lot like the fear of fiat money.
If you're interested and not a member of a Commonwealth country or derivation thereof, take a look at estates in land under the English fuedal system after William the Conqueror. Owning a piece of land is a lot more complicated than you would expect. Boom times for all 21 players involved. Or a pyramid scheme about to topple. The former is outside the context. Bitcoin in and of itself doesn't deal with fractional reserve banking. That kind of transaction shuffling doesn't add much in the way of work really.
Amount of value added is not fixed. It decreases over time, specifically every , blocks about every 4 years. Well that's my point. Major currencies have a central bank which implements the fractional reserve. Bitcoin by design has no central bank and thus no fractional reserve. There are two problems with the highspeed wash transactions.
First it generates large numbers of events that have to be propagated across the whole network. Second, every transaction causes a work event that generates new bitcoins. Not only can the bots compete for those new c.
You still have M bitcoins in circulation - the same original ones you've got from A1. The same thing that happens in the normal banking system. We just count on that not happening. When it does happen the appropriate agencies step in and seize the bank. The FDIC sweetens the deal to make it worth while for the other bank. It's a metal with unique properties, not just beauty. Semiconductors depend on gold. Our civilization as we know it today depends on semicondcutors.
BTC is simply a virtual good made from semiconductors. It is three degrees separated from actual value. It would be great if something like this took off, and nothing ever will if people don't try.
But the thought of using a web browser to mine BTC is pretty ridiculous: That must be why jewelery is around three quarters of usage, then, compared to industrial and dental which are barely a tenth together. The vast majority of gold in electronics is in the connectors.
It's convenient, but not essential. I guess we'd just have to learn to solder if it didn't exist. And this is why I hate BitCoin. When I saw their model I just shook my head. Bitcoin is just as biased as say gold or whatever else is supposed to be the good currency.
For example who wins with a gold hardbacked currency? Any country that happens to have a motherload of gold on their lands.
Anybody who doesn't have gold on their land. The same goes for BitCoin, it is the geeks that win, but I guess that the nature of this beast. BitCoin is tilting it in the favor for themselves the "underapprecia. It looks to me like there is a small, but not insignificant, and growing community of people who will gladly accept BTC as payment for goods and services.
It reminds me of the adage about the difference between cults and religions; a religion being a large and popular cult, and a cult being a small unpopular religion. That's where they'll get you. It's all P2P, remember?
Well, OK, but while you might be able to pay someone operating a web hosting service in Bitcoin, I doubt Rackspace from whom he's renting a server will be taking Bitcoin. I thought steve gave an incredibly well thought out, clear, concise explanation of what bit coin is why it is apparently impossible to "game" the system in anyway.
The following episode was the "listener feedback" episode with many listeners expressing doubt and even more excellent explanations from Steve. Here are the convenient transcripts of these episodes, linked here in the hopes perhaps it will be useful to the slashdot community.
In my mind if Steve says it's trustworthy and not a scam, that's good enough for me. In fact there was a spike in use after the SN bitcoin episode. It may be wholly or partially due to Steve's apparent endorsement he says he's going to make his software purchasable via bitcoin.
Steve is famous for Spinrite, that saved many many RLL drives. Spinrite does an non-intrusive, non-destructive low-level format, saved my ass many a time. But thanks for the post great info! The system has already been "gamed" by its very creator and a handful of early adopters.