Dogecoin or litecoin mining
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Ethereum mining ubuntu guide
If you meet our standards, message the modmail. After the halving one would expect that either the price will go up or the hashrate must drop. Respectfully request Block Erupter support. Leave a Reply Cancel reply.
With Bitcoin we are seeing a slight drop in the network hashrate and difficulty, and the prognosis for the next adjustment is also for a decrease in the hashrate and difficulty.
Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. It's the most valuable resource we.
The seller was very nice, and answered questions that I sent to him about the USBs over private message. The Shipping Gods were kind, as each miner came in perfect condition. I bought it at 1: Application specific integrated circuit rigs mine at unparalleled speed while using much less power Cryptocurrency P2p Mining What Determines Reward Position Trading In Crypto other types of rigs.
Interestingly enough a few days after the block reward halving the difficulty of LTC has started rising again and has already reached back the level where it was before the halving and it seems that it will continue to rise. Welcome to Reddit, the front page of the internet. The rules are only as good as they are enforced. You need to have 2. We have made changes to increase our security and have reset your password. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.
All in all, Block Erupter USBs are a good resource for beginners and people looking to get in to mining. Neither Jonathan Saewitz nor CryptoCoinsNews are responsible for anything that may happen as a result of this guide, including, but not limited to, losing digital currency.
I love this site,I let it run on an extra computer and know I won't make any money. ASIC Mining is killing bitcoin.
Mining becomes more competitive and difficult with time, and ASICs are the only way to farm effectively. Read More 3 Comments. Do not fall victim to the Bystander Effect and think someone else will report it. As a service, it improves your hash rate significantly. See our Expanded Rules wiki page for more details about this rule. Add ASIC mining support. However the latest and best option is the application specific integrated circuit.
Your password has been reset. Here is how things look in terms of an average cost for electricity that you would have to pay for a certain hashrate for both BTC and LTC to get an idea about the costs associated with running an ASIC miner for mining Bitcoin or Litecoin.
What can I do to prevent this in the future? The exchange rate of Litecoin did not change much, but with the lower difficulty things were looking like they would balance — smaller reward, but easier to mine.
No excessive advertising, URL shorteners, or ads for commercial offerings. The minimum order amount was USBs, so retailers and group-buys were the main way to obtain one. If you find helpful and useful information you can support us by donating altcoins or Bitcoin BTC to: Generally once folks are looking to explicitly spend money on hardware, they also invest in the specialized software for their hardware.
Today, Block Erupters can be bought solo or in bulk. Electricity costs for hashrate: I transitioned from bitcoin to litecoin but that renders my USB Erupter useless. This pool is so useless! This development rises some questions as to what is happening, so that the difficulty is rising and the exchange rate remains the same while the block reward is half of what it was previously.
Lately we are seeing an interesting development in the world of BTC and LTC mining, there is a rapid increase in the difficulty and network hashrate of Litecoin even though the price is not that high. Do note that the average price per KHW of power can greatly vary based on your location, so the costs can vary quite a bit, so the numbers below are just a rough estimate. Titles must be in English.
When the first ASIC miners were shipped to customers in early , miners became incredibly more powerful than before. We've just sent you an email to.
Note further that, to be on the safe side, you should connect one less BE than what Xmr Cloud Mining Genesis Mining How To theoretical max limit calculation above will give you, or run the risk if prematurely burning out the AC adapter.
But the possibility of a lot of Asian miners with zero cost to very very very cheap electricity mining with whatever hardware they can Installing Hash For Bitcoin Mining Trezor And Altcoins and still profiting also sounds like a good enough reason. See our Expanded Rules page for more details about this rule. So this makes total sense. I see their hashrate and accepted shares, as well as a lot of other important information.
I do have some extra 2pacs and would love to see support for these on this site. Exceptions will be made for analysis of political events and how they influence cryptocurrency. See our Expanded Rules page for more details.
Application specific integrated circuit rigs mine at unparalleled speed while using much less power than other types of rigs. Generally once folks are looking to explicitly spend money on hardware, they also invest in the specialized software for their Market Cap Meaning In Cryptocurrency Ethereum Price Alert App. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy.
Many post comment but the admin still thinking about add asic. I decided to buy one from Neweggwith Bitcoin of course! In order to establish trust, mining should be difficult and distributed.
Cause I can only manage 1. How Much Work Is Trading Bitcoins End Of Ethereum least in the winter you could take advantage of the heat generated by the miners to save on heating at home for example, or use the cold temperatures outside for better cooling and save on extra electricity costs for properly cooling miners.
Submitting links to blogs or news sites which are notorious for this activity will result in suspension or permanent ban. Chinese hydro power plants are sometimes generating too much electricity.
Or should I just sell it to who ever is willing to buy it? Monero is more rare and harder to. When the USBs were first announced, the Bitcoin mining difficulty was about 9, With 0-cost electricity, they can keep those machines running and still make money. The next step is to open up the program you use on your computer to.
It will also allow me keep the miners stationary, as they will no longer need to move around with my laptop. When the USBs were first announced, the Bitcoin mining difficulty was about 9,, I can now see the hashrate from all seven miners. The solution to this is buying a USB hub: You really have to be careful with the USB hubs cause you could potentially mess up a device or computer if overloaded.
Recent Posts New Faster z-enemy Do not doxx other redditors even if they engaged in an illicit activity. New and returning users may sign in Sign in prestine. Miners can also start a fire or cause injury, especially if not used properly. With cloud mining operations the maintenance fees that you would have to pay are even higher than what you need to pay for electricity at home and you still need to purchase the hashrate itself.
Please make quality contributions and follow the rules for posting. So the levels of daily profit can easily get even two times lower than the ones we calculated above if you mine at home and pay for electricity that is not too expensive in your region.
The exchange rate of Litecoin did not change much, but with the lower difficulty things were looking like they would balance — smaller reward, but easier to. For group-buys, one person would buy the bulk order and sell a few USBs individually to different buyers. At least in the winter you could take advantage of the heat generated by the miners to save on heating at home for example, or use the cold temperatures outside for better cooling and save on extra electricity costs for properly cooling miners.
Eventually new specialized mining rigs were devised using field programmable gate array FPGA processors. Please develop it and take a small percentage of the mining on top of your ad revenue to pay for it. Khan Academy on Bitcoin Free Course. Divulging how many coins you own can make you a target of hackers and identity thieves. I ended up using the command-line BFGMiner. Screenshots are from their respective applications.
Do not solicit, complain about, or make predictions for votes. Alex pls explain why kilohashes earn less than hashes if you do in the end mine for monero. The reason for that is probably the old mining hardware that is getting too expensive to run with the current low exchange rate for Bitcoin and is taken offline.
I tried using MacMiner and Asteroid, but I was having troubles with both. Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Vote Vote Vote Vote Sign in prestine. With 0-cost electricity, they can keep those machines running and still make money. All photos taken by the author, Jonathan Saewitz, for this guide. I talked to some Chineses miners at Scaling Bitcoin and learned something interesting.
It allows you to experiment creating a rig, using safety precautions, and analyzing your earnings. The idea to mine now and save the coins to sell them later when the exchange rates are more favorable seems more attractive, but it is also riskier, especially for big mining operations that do have significant operational costs.
Also the underlying currencies are different, with different issuance cycles Scrypt currencies tend to issue 25 per block every 2.