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Tag Archives: Mining

Genesis Mining Offering Ethereum Cloud Mining Again

The cloud mining provider Geneis Mining has started offering Ethereum cloud mining contracts again after they were not available for a couple of months with the focus more on ZCash cloud mining with GPUs. The new mining contracts are available at a lower price and with an extended 2 Years period with no additional mining fees (everything is included in the price you pay for the hashrate). There is of course a clause in the contract saying that in case Ethereum switches to Proof of Stake (POS) before the contract period ends your hashrate will not disappear, but will instead be switched to the most profitable algorithm to mine at that point of time. Initially we expected to see Ethereum (ETH) switch to POS at some point this year, but this will most likely be delayed and no official date for the switch has been announced yet… and the interest and price of Ethereum has been going up lately once more.

You can currently get 1 MHS Ethereum cloud mining hashrate for $ 29.99 USD, 30 MHS for $ 869 USD of 100 MHS for $ 2799 USD as a preset packages or any custom hashrate in between with discounts for the more you purchase. The Ethereum cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase an Ethereum cloud mining contract from the company.

For more information about the Ethereum cloud mining offers available from Genesis Mining…

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GPU Mining: back in style?

Ethereum 3 month price history

Ethereum: 3 month price history Yes, it’s been awhile because I have actually uploaded. =-RRB- The GPU mining trend all yet died 3 years ago with the increase of ASIC equipment for scrypt(litecoin )miners. Yet if the last couple of weeks are any indication, it looks like we

could remain in for a significant renewal in popularity. Bitcoin is currently trading at over$ 1200– a roughly 400 %increase in the previous year. Equally intriguing is the performance of a couple different cryptocurrencies. Ethereum goes to ~$32 (up 300 %in the in 2015), with a market cap of $3 billion– regarding 15 %of Bitcoin! Dashboard is at $100 (+250% over the in 2014, with much of that gain in the previous week).

Dash is based on the X11 algorithm, which suggests ASIC equipment dominates its mining scene– as well as getting your hands on an X11-capable ASIC miner is presently fairly challenging, as they’re mainly marketed out all over. Yet Ethereum is specifically minable with contemporary consumer-grade video cards, and it’s currently fairly rewarding to do so.

Keep reading for some “back of the paper napkin” numbers pertaining to Ethereum GPU mining success, as well as some present equipment pointers.

Approximating Productivity

The most convenient means to identify if GPU mining is mosting likely to be lucrative for you is to use a calculator. For this function, Coinwarz is very preferred, though I prefer the clean simpleness of this calculator. Open up either web link, and you could see that I have actually pre-filled worths of 150 MH/s, 750 watts, as well as $ 0.10/ kWh for hashing rate, power intake, and electrical power price specifically. Since the time that this post was released, you can fairly anticipate almost $ 300/month revenue, offered these presumptions. Why these presumptions, you ask? Enable me to explain.

My preliminary research study leads me to believe that both top options for GPU mining are AMD’s Radeon RX 470 and also Radeon RX 480 video clip cards. I favor the RX 470, since it does almost in addition to the 480, eats much less power, as well as sets you back much less. After spending a few hrs searching various mining resources and also discussion forums, many people report speeds of in between 24 and also 29 MH/s each solitary RX 470 GPU. I’m mosting likely to think concerning 25 MH/s since it’s a wonderful very easy conservative number to deal with. We could pack six of these cards into a single mining rig, thus the 150 MH/s quote (6 x 25 MH/s).

The 750 watt power consumption price quote is based upon each RX 470 GPU eating about 120 watts “at the wall surface” under mining lots, given a high-grade reliable power supply. So 720 watts complete for the GPUs, as well as one more 30 watts approximately for the rest of the system, which is primarily a motherboard and also idle low-power CPU.

My quote of 10 cents each kilowatt-hour is most likely close to the US standard (I pay $ 0.07/ kWh, for instance), but it could differ very extremely around the world. Make certain to use your very own figure below!

Presuming that not too much has actually changed because the time that I released this short article, you’re most likely taking a look at a fairly positive Ethereum mining success number– potentially as high as $ 400/month or even more if you get economical electrical power. Which brings about the following obvious question: just what’s entailed in establishing up a mining gear these days?

Ethereum GPU Mining Gear Equipment Prices

After rather a little bit of study, I think the complying with hardware is pretty near to the ideal path when it comes to developing a GPU mining rig:

Motherboard 1 x ASRock H81 Pro BTC$90 Processor 1 x Intel Celeron G1840 CPU$45 Memory 1&x 4GB DDR3 DIMM$20 Power Supply 1 x
1200w Seasonic Platinum$ 260 GPUs 6 xRadeon RX 470
video cards

* $ 160 each Instance 1 x open frame instance w/ risers$190 Boot Tool 1 x 60GB SSD-or&-ethOS pre-loaded$30 Overall:$1,595(*)Keep in mind that you could substitute any highly-regarded producer’s RX 470 card for the MSI-branded alternative that I have actually linked: Sapphire, XFX

, Gigabyte

, as well as Asus should all be fine. Excusable– roughly 50 %a lot more expensive compared to my original litecoin mining gear virtually 4 years ago. Although this time about, we’re loading in two times as

several GPUs, a beefier PSU, as well as using an expert purpose-built frame rather than a plastic milk crate”situation”(although you might certainly still cobble something with each other on your very own to conserve some loan– simply remember you’ll should purchase your very own risers if you perform! ). Just like my original litecoin mining rig, this upgraded rig is all regarding picking the very best GPUs as well as a high-quality reliable PSU(any 1000w+platinum-rated PSU is great, however Seasonic is typically considered the leading choice). Everything else is essentially the lowest-cost alternative that will certainly obtain the work done. The motherboard can be exchanged for almost any board that has 6 PCIe slots( or much less, if you plan to utilize much less GPUs)– the ASRock H97 Wedding anniversary or Gigabyte GA-Z97X are other popular selections, for instance. The CPU does basically absolutely nothing throughout mining, so the Celeron is a wonderful low-priced, low-power option. Mining will use the memory on your GPUs, so system memory doesn’t matter a lot in all– really feel cost-free to make use of that old 2GB DIMM you have kicking back(I’ve chosen a 4GB DIMM below due to the fact that smaller choices in fact seem to cost more,so utilize whatever you can get your practical least expensive). It’s feasible to boot by means of a$5 USB stick, like my initial litecoin mining gear did (the presumption is that we’re running Linux ). Nonetheless, there is some concern regarding putting on USB protrude because of constant creates during ethereum mining, and also SSDs are actually low-cost nowadays anyhow. If you intend to stand up and running as quick as feasible without fretting way too much about software application arrangement, think about just getting hold of values preloaded on a little SSD. Final thoughts & Forecasts GPU mining pays once again– potentially quite so, depending upon your electricity costs. Presuming that not also much adjustments in the near future (which isn’t really always a secure presumption when it involves cryptocurrency !), it’s currently possible to spend for the cost of the gear described over in an issue of a few months. If the price of ETH continues to climb, anticipate to see a lot of people jump(back)

right into mining, & which will likely cause inflated costs and also scarcities of AMD GPUs and also motherboards with 5+ PCIe slots. Try to find a full overview (similar to my initial litecoin overview) in the coming weeks, after I have a chance to obtain my hands on some equipment and mess around a little bit!

In the meantime, if you’re presently GPU mining, I ‘d like to learn through you in the remarks! The post GPU Mining: back stylishly? showed up

first on CryptoBadger. CryptoBadger

Mining Performance of GTX 1080 Ti with ccMiner 2.0 RC2

Time for an additional group of examinations of the newly launched GeForce GTX 1080 Ti Founders Version video clip card by Nvidia. This moment we have used the most up to date launched of the ccMiner 2.0 RC2 fork by Tpruvot in order to test just how every one of the sustained formulas do on the new GPU. Do note that not every one of the supported crypto formulas by this miner could be carrying out the fastest, so you ought to utilize the results as a reference if contrasting arise from 2.0 RC2 launch only. We have taken care of to successfully test the hashrate on many of the supported formulas by this miner, though we still did have problem making several of them work, however that is to be anticipated with a brand-new GPU release…

… We have used ccMiner 2.0 RC2 by tpruvot in benchmark mode with all of the default setups for strength on all formulas supported by the miner. The GeForce GTX 1080 Ti GPU was performing at the default 100% TDP or with various other words a Power Limiter at 250W, though on the Founders Edition GPUs you can raise it by as much as 20% all the way to 300W (mind the cooling though). The tests were performed on stock operating frequencies of the video card with the fan evaluated 100% in order to keep the GPU cool and also stop thermal throttling (going down of the increase regularity) as a result of high temperature that could be gotten to with auto followers.

As you could see in the table with efficiency outcomes over we have uploaded the hashrate and the power usage for each algorithm checked (if the examination has efficiently passed). The power use values are the ones reported by the video clip card itself just and are based upon its TDP limitation, not the actual values measured at the wall (these will certainly be greater). The algorithms pushing the 250W TDP limit may be able to take advantage of a power limit rise, though you may wish to beware with that in terms of having the ability to appropriately cool off the card. On the other hand requiring the TDP restricted down may bring substantial power reduction with a little sacrifice in terms of hashrate thus providing you far better performance per Watt compared to the supply setups.

With the BMW formula we got an error at the default intensity of 21, as well as we’ve needed to lower it to 15 in order to make it work, resulting in really reduced hashrate. With Cryptonight we got a mistake at the default intensity of 10.75, yet to 10.25 it worked and you could see the lead to the table. With the Prize algorithm we likewise got a mistake at the default intensity of 20, nonetheless lowering it did not appear in order to help in all as well as the same thing also relates to the Quark algorithm. With the Wildkeccak formula we had difficulty making it function correctly in benchmark setting because of the specifics of the algorithm requiring a scratchpad data.

Crypto Mining Blog

Nvidia GeForce GTX 1080 Ti Crypto Mining Performance

The GeForce GTX – 1080 Ti is the current addition in Nvidia’s schedule of premium gaming GPUs, however right here we are much more curious about one more aspect for making use of these video clip cards – crypto mining. Tomorrow, March 10th, the sales of the brand-new Nvidia GeForce GTX 1080 Ti should begin valued at $ 699 USD, though originally there will be just Creators Edition models just with accessibility of non-reference styles expected to start showing to buy in April. The GeForce GTX 1080 Ti is based on GDDR5X memory clocked at 11 GHz, so the memory timings could not be the most effective for memory-based crypto formulas, but the major variety of CUDA cores is there to compensate in terms of performance. Do note that the TDP of the brand-new cards is set at 250W, though we anticipate that you must have the ability to reduce the Power Limit a little bit and also get a far better results compared to at stock setups.

Nvidia GeForce GTX 1080 Ti Specifications:
– – Graphics Processing Clusters: 6
– – Streaming Multiprocessors: 28
– – CUDA Cores (single precision): 3584
– – Structure Devices: 224 – ROP Devices: 88
– – Base Clock: 1480 MHz
– – Increase Clock: 1582 MHz
– – Memory Clock: 5505 MHz
– – Memory Data Price: 11 Gbps
– – L2 Cache Dimension: 2816K
– – Overall Video Memory: 11264MB GDDR5X
– – Memory Interface: 352-bit
– – Total Memory Bandwidth: 484 GB/s
– – Structure Rate (Bilinear): 331.5 GigaTexels/sec
– – Manufacture Refine: 16 nm
– – Transistor Matter: 12 Billion
– – Connectors: 3 x DisplayPort, 1 x HDMI – Form Aspect: Double Port
– – Power Connectors: One 6-pin, One 8-pin
– – Recommended Power Supply: 600 Watts
– – Thermal Design Power (TDP): 250 Watts
– – Thermal Threshold: 91 ° C

We have managed to do some fast testing of the brand-new GTX 1080 Ti as well as the results do seem encouraging. Starting with the currently much more lucrative formulas on NiceHash as well as benchmarking with their NiceHash Miner that utilizes numerous quick doing miners (the miner made use of is noted after the formula). Not all the most recent and also highest possible doing miners may be included, so we also ran some additional examinations making use of the Claymore ETH miner that handled to offer a stable hashrate of concerning 31.8 MHS with stock settings of the card as well as the most recent EWBF CUDA miner that handled to squeeze a little bit extra at about 625 H/s from the GTX 1080 Ti.

You can utilize these numbers as a referral, including the expected daily success if marketing the hashrate kind a GTX 1080 Ti on NiceHash that their miner also reports. With any luck we are going to be able to run some more criteria in the following pair of days as well as play around to see exactly what the GPU is capable in regards to overclocking, though with the very high boost frequency and also a TDP of 250W you must not be expecting a whole lot a lot more at least from the Founders Edition version that is introducing initially. Do note that effectively powering as well as cooling 6 of these GPUs in a mining rig is not mosting likely to be as simple as with GTX 1070 Founders Edition for instance that take in much less power and also are a far more prominent selection by miners making use of Nvidia GPUs.

Do note that with the launch of the GTX 1080 Ti, Nvidia is likewise going to have a new prices for the GeForce GTX 1080 Founders Edition as well as GeForce GTX 1080 partner boards that will certainly obtain a little bit a lot more cheaper. There is no word on reducing the costs of the GTX 1070 as well nonetheless. In addition two new versions with greater clocked video clip memory ought to be readily available quickly, the GeForce GTX 1080 with 11 Gbps in addition to the already available 10 Gbps version as well as GeForce GTX 1060 9 Gbps along the currently available 8 Gbps versions. The faster memory variants could be of rate of interest specifically for the miners that are right into mining crypto moneys based on algorithms that are a lot more memory reliant such as ZEC or ETH for instance.

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Trying Crypto Mining with a Dual CPU E5 Second Hand Servers

The enterprise section is constantly upgrading their hardware and this fuels the second hand marketplace with intriguing and very cost-effective nevertheless pretty powerful hardware that can also be utilized for crypto mining. The most current wave of hardware receiving replaced and obtainable at a really reasonably priced prices are the first generation of Intel 2011 E5 dual CPU Xeon workstations and servers. This indicates that you are capable to simply obtain a extremely nicely priced 2nd had server method with two eight-core processors such as Intel Xeon E5-2650 v1 receiving 16 bodily or 32 logical cores with Hyper Threading. The massive question right here nevertheless is if systems like that that may possibly be acquired cheap are truly well worth employing for crypto mining as they only come with a great deal of CPU energy, but no GPU capable of getting employed for mining as for server needs not a lot GPU power is needed normally. We have picked up a single such low-cost programs off eBay with dual Xeon E5-2650 processors and place it by way of some benchmarks to gent a greater concept on what to expect&#8230

Currently it seems that the only worthwhile CPU-based mostly algorithm to check is the CryptoNight and utilizing the what looks to be the fastest CPU software program offered at the second &#8211 the XMR-Stak CPU Miner for Monero (XMR). Running the XMR-Stak miner on all 32 logical cores has managed to get us an average hashrate of about 523 HS (hashes per 2nd). The consequence may possibly not seem that bad for CPU mining, contemplating that it is a bit slower than a single large-end GPU and the electrical power utilised by the method is about 150 Watts, so once more comparable to a more recent greater-finish GPU.

We need to run the numbers by way of an XMR mining calculator and undertaking just that on Cryptocompare exhibits that we are really going to be mining with revenue, but the revenue isn&#8217t going to be that much. With the current fee it would get a couple of years just to earn back what we have paid for the hardware itself. Not quite fascinating to CPU mine with this kind of a method, but this is just at the minute, with some new and fascinating developments for coins that are only CPU mineable appearing items may well seem quite various&#8230 specifically if you get a couple of these dual CPU programs to have helpful. For the moment nevertheless you may possibly want to check out them out if you have some other computational needs than crypto mining as the cost they can be acquired for is truly attractive and once more they are even now pretty potent as far as CPU functionality goes.

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Use the sgminer 5.6.0 Nicehash Fork for X11-Ghost (SIBCoin) Mining

Federal Reserve Staffer Fined for Mining Bitcoins at Work

A Fed staffer has beg guilty to mining bitcoins at job.

Source
CoinDesk

The First PascalCoin (PASC) Mining Pool is Now Online

The fad bordering PascalCoin(PASC) continues, however apart from solo mining with a very high trouble that is practical only for extremely large miners, users with less GPUs as well as significantly smaller hashrate could now make use of the very first available PASC mining swimming pool from Nanopool. Do note that the Pascalcoin mining swimming pool does presently have some constraint such as the availability only of a 64-bit Windows miner and you require to make use of the particularly changed miner for the pool. Also the minimal payout is 1 PASC with block benefit confirmation after 110 blocks as well as the swimming pool utilizes PPLNS payment scheme where N is specified as all sent shares during the last 3 hrs.

Among the advantages is the reality that you don’t actually have to have a PascalCoin account to extract on the swimming pool (you have to locate a block on your own to obtain an account), rather you can straight extract to an exchange’s account such as Poloniex. You just have to make certain that apart from the exchange address that you will certainly be given you likewise established the appropriate one-of-a-kind payment-ID or haul in order to have the ability to get your settlements. It interests keep in mind that all of the leading miners in terms of hashrate are extracting directly to Poloniex addresses, obviously with the idea to trade the mined coins and not maintain them long-term. This might also imply that the existing high currency exchange rate could not be able to maintain the marketing pressure and also as soon as the first swimming pool payments struck it might begin dropping, so be careful of that as well.

Below is an example command line for running the miner on Pasc.Nanopool.org:

PascalCoinMiner.exe -s pasc-eu1. nanopool.org:15555 -p 0 -d 0,1,2,3,4,5 -n 86646-64. ab4df757230f6366.480 s

In the above instance you the extremely important part is the one after the -n criterion, where initially you set the account address (86646-64 is for Poloniex), after that the second component after the factor is the distinct ID being produced from the exchange as well as afterwards you can establish the employee name such as 480s in the instance. The other criteria such as server address, the platform ID as well as gadget IDs that will certainly be made use of for mining are rather much the like for the miner available for solo mining apart from setting the swimming pool address certainly.

If you are seeking a mining calculator for PASC you can have a look at the one given by CryptoCompare below. Take care with the quotes the calculator is offering you as by the time you really extract some coins and also have them confirmed (it might take a number of hours) the numbers could be extremely various. Also make certain that you measure the power use of your mining gear(s) as the formula made use of by PascalCoin could be a lot more power hungry compared to just what you were recently utilized in terms of power usage by other preferred crypto coins such as Ethereum or Zcash for example.

– To download and install the PascalCoin Windows miner needed for PASC Nanopool … – To look into the PascalCoin (PASC) mining swimming pool currently offered from Nanopool…

… Crypto Mining Blog site

Open Frame GPU Mining Rig Made with Copper Tubes

Nowadays people are creating multi-GPU mining rigs for mining crypto currencies from a great deal of different components &#8211 plastic, wood, aluminum frames and whatever they have useful. Peter Selmeczy even so did go for an fascinating method with his GPU mining rig develop &#8211 he went on employing copper tubes to develop his mining rig. Moreover he has presented a comprehensive develop of his venture, so if you consider that the concept is great, you might want to get a seem on how he developed his rig. The 4 GPU mining rig he constructed was totally produced from copper tubes and aluminum joints for the tubes. It all goes together with 8 massive 140mm Noctua followers for greater airflow and the shade of these fans does go along extremely well with the copper tubes, so the total issue does without a doubt seem actually amazing.

Peter Selmeczy has began operating on the 2nd improved model of his developed that will have all of the GPUs cooled using the Arctic Cooling Accelero Hybrid III water cooling technique, 100% of the wiring passed through the copper tubes, the use of cable combs for the wires and have a substantially decreased size for the total issue. So you might want to preserve an eye out on the progress and how will model 2 of the open frame copper tube mining rig look like when it is finished.

&#8211 For far more particulars about twe open grame GPU mining rig from copper tubes&#8230

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SmartPool Wants to Replace Mining Pool Managers With Ethereum Smart Contracts

Ethereum wise contracts may one day be made use of to deal with ‘mining centralization’, if a brand-new job called SmartPool pertains to fruition.

Resource
CoinDesk