Cloud Mining Reviews. They are the largest Bitcoin cloud mining provider and furthermore are now offering Ethereum/X11 mining. Reliability No Ratings; Support. Genesis Mining Launches the World’s First Bitcoin Mining Fund. Genesis Mining, the world's leading Bitcoin cloud. (Voice over Internet Protocol). Nathaniel Popper takes a look at a bitcoin-mining business called Cloud Hashing, that's moved its computers to Iceland in search of easy cooling and cheap, renewable power. The current set up requires over 100 computers, designed specifically for cracking the obscure algorithms that unlock new packets of bitcoin, and all cooled by direct blasts of arctic air. Cloud Hashing currently serves mining contracts for 4,500 customers, keeping 20 percent of its capacity open for its own mining. According to the outfit's account, it's mined more than $4 million of the cryptocurrency. The project was started by British HSBC programmer Emmanuel Abiodun, who set up the Icelandic rig in February with the help of some angel investors. He's already raised $4 million to expand to additional storage in Texas. Still, Abiodun is in a potentially tricky place. Since his millions in machinery are only useful for mining bitcoin, a crash would render the entire setup useless. There is a whole other side to the virtual Bitcoin world that often doesn’t get spoken about. It’s not often publicised because of the level of complexity that is involved when one starts to venture into how the coin is actually created and mined. The word “mined” can also be confusing as mining Bitcoin is also a virtual process done in a real-world setting. One won’t see mine shafts descending to the depths of earth, nor will anyone see open pit mining devastating our real world environments. There are no tools, no men with lights on their hard hats, and no heavy diesel powered equipment involved when mining Bitcoin. Instead, Bitcoin mining operations consist of very specialized custom-built, rack-mounted computers that are housed in server farms and linked to Bitcoin’s network with fast big-pipe connections to the internet. These “mining machines” are constantly running complex algorithms 24 hours per day, seven days per week, against an ever-changing organic cryptic code or password that once unlocked will deliver a block of Bitcoin, or another crypto-currency to the successful miner. What most have read about in the news on Bitcoin is how they are bought and sold on the market and how their prices fluctuate wildly when events in the real world step in and interfere with Bitcoins virtual world. Recently, China made a decision that deflated the price of Bitcoin to nearly half of what the price was at in November. This price fluctuation in Bitcoin was recently highlighted in the article,. A home-built Bitcoin crypto-currency mining rig. The New York Times recently released an article on Bitcoin mining where they visited a mining company’s location in Iceland, where electricity costs are lower due to the abundance of geothermal and hydroelectric power. In Iceland, the cold arctic air is also used to cool the specialized computers as well. However, Iceland is not the only place where you may find a crypto-currency mining operation. The Guardian Liberty Voice found one such virtual mining operation in Canada. Unlike the U.S. Where income from Bitcoin and other cypto-currency mining operations are considered to be capital gains and taxed by the government, Canada has been slow to regulate these mining operations. Hence mining operations now exist in some backyards and closets hidden away from plain view where mining computers whirl away running complex algorithms aimed at cracking passwords while consuming large amounts of electrical energy. The Canadian virtual mining operation that the Guardian Liberty Voice talked to can be considered an underground business that currently only takes investments from family and friends that are interested in gambling their hard earned cash and possibly making some extra income that for now, can be considered tax free. Mining crypto-currency by a single mining machine is now near to impossible. A single mining machine has to constantly compete with other bigger mining operations with networks of cloud computing linked mining machines that are often called “Guilds.” These guilds use the computing power of all those miners that joined in their guild to add extra computing power to cracking passwords quicker. Mining investors can make contributions of any size as the money is pooled and split in shares among all the investors. When a password is finally cracked by their mining computers or by members of their associated guild, the miners receive a split of the currency. The mining company will almost always reserve a percentage of the take – they likely reinvest in more specialized mining hardware or computers – just like a trading house would charge a percentage fee in the stock exchange business. A home-built Bitcoin mining computer. When a password on a virtual currency is decrypted, the mining machine that cracked the code will receive the entire block of the virtual currency as a reward. Those that had single machines working on the same code will get nothing for their efforts, other than a hefty electrical bill. The guilds will split the blocks of currency that they are awarded among all those members in their guild. For this reason, most mining outfits will join guilds to ensure they are receiving at least a split of the spoils. To help provide integrity to the cryto-currency networks, a guild will sometimes try to deter new members from joining their guild. If one single guild controls over 50 percent of the computing power currently working to crack the cryptic password on a specific block, then the guild may start to risk attracting hackers that will try and hack their way into their network to try and trick the network with fake blocks of currency. Mining Bitcoin could possibly take the next hundred years. Currently, just over half of the maximum of 21 million Bitcoins have been released. The blocks of cryto-currency released have already started to slow. The faster the cryto-passwords are cracked by mining computers, the harder the password cryptography on the blocks become. The harder and more advanced the cryptography gets, the more time and money it will take to pay for the specialized and expensive mining hardware and the massive amounts of electrical energy consumption that is required to run the mining computers. Crypto-currency mining has created a whole new market in the computer manufacturing industry. The type of mining or the type of currency being mined often depends on the type of hardware being used to mine it. Bitcoin has one of the highest requirements for hardware with needing very specialized processors that are designed especially for their purpose. These mining machines require a large-dollar investment in hardware to be able to successfully mine virtual coin. Other virtual currencies can be mined less expensively than Bitcoin. Some of the less complex currencies can be mined with entry-level mining computers that can start around the 3K price, sometimes less. However, a serious Bitcoin mining machine can cost upwards of 20K or even much more. If mining crypto-currency is done intelligently and successfully, miners can sometimes pay-off the expensive hardware in a reasonably short amount of time. Some miners can recover their initial output costs in as little as a month or so. Some miners have recovered their investments so fast that they’ve quickly quadrupled their profits over and above their initial investment within just a couple short months. The ever-increasing numbers of crypto-currency mining operations provide the link to the virtual world where these digital currencies are born and thrive. That virtual world is complex for anyone to understand even for the brightest IT expert. However, with Bitcoin continually in the news lately, awareness of digital currency will continue to rise sharply. So will the numbers of crypto-currency mining operations. By Brent Matsalla Sources: Times of India Bitcoin Examiner. Alan Miner March 3, 2014 at 5:09 pm Bitcoin was launched five years ago, and they have burned through 50% of the 21 M coins that were supposed to me the limit on the coins. Projecting that it would take 100 years to burn through the rest of the coins doesn’t make sense to me. At best, given an order of magnitude increase in the complexity of the codes, I would get that it wouldn’t take more than 50 years to burn through the remaining coins. As a former press agent, I am sensitive to the use of the word publicized. Since you use the word “heard” suggesting the auditory channel in the first s I would have suggested “It is not often spoken about because” BTW, can we make corrections to articles after they have been published? And I gotta tell you, the thing about not using contractions is driving me nuts. Your second sentence leads off with one. Can we get away with it sometimes?
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Let us mine for you with our hardware in the cloud - Immediate results, mining updates every 60 seconds - Can own fractions of cloud instances, if desired - No heat or hardware to maintain - Choose payout in any displayed cryptocurrency - 5 year and 24 hour rental lengths available - No returns/exchanges - (Cloud SHA-256) SHA-256 algorithm, 1.0 GHS per 1.0 cloud instance owned - (Cloud SHA-256) Follows Bitcoin difficulty, which in the past has increased exponentially. This means payouts will likely be reduced over time, unless the price of Bitcoin rises to keep pace - (Cloud Scrypt) Scrypt algorithm, 1.0 MHS per 1.0 cloud instance owned - (Cloud Scrypt) Follows Litecoin difficulty, which in the past has increased exponentially. This means payouts will likely be reduced over time, unless the price of Litecoin rises to keep pace - For electricity and maintenance, we take a fee. Please on the fee. Cloud Mining Inventory SHA-256 5 Year Contracts Sold SHA-256 Available Total Supply Sold Out Ratio Fee 963 THS 4.0 8488 THS 4.0 113.2% 31% Cloud Mining Calculator Number of GHS 4.0 (SHA-256) Number of GHS 3.0 (SHA-256) Cryptocurrency Estimated Mining Payouts* $0 $0 Daily: 0.00000000 BTC Monthly: 0.00000000 BTC Examples for Cloud SHA-256 4.0 instance. *Cloud mining should be considered as a fun, recreational activity and not a source of income or investment. The above numbers reflect no difficulty increase. Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing and mining, cryptocurrency mining investments and related instruments may involve risk of capital loss from unfavorable fluctuation in cryptocurrency values, exchange-related risks, policy risks, liquidity, and market price fluctuation and demand. Enter your mining rig's hash rate and the CoinWarz Bitcoin mining calculator and Bitcoin profit calculator will. (SHA-256 Only) Cryptocurrency Mining vs. Client-side wallet generator. Creates Bitcoin addresses for instance for use as paper wallets. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase. There is no guarantee that any strategies discussed will be effective. The information provided is not intended to be a complete analysis of every material fact respecting any strategy. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy. Genesis Mining is a bitcoin cloud mining service that is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. They offer hosted cryptocurrency mining services and a variety of mining related solutions to small and large scale investors. The combination of algorithmic trading framework, mining infrastructure, and proprietary mining farm-management software, Genesis Hive, quickly made them an industry leader. Genesis Mining is also the founding partner of Logos Fund, the first ever Bitcoin Mining Fund, which targets professional investors looking to gain access to Bitcoin’s and various other digital assets‘ potential. Service was founded by the end of 2013 and with now over 1.000.000 users we are the world‘s leading multi-algorithm cloud mining service. Hashnest is a cloud hashing platform. This means you can participate in bitcoin mining without maintaining the hardware yourself. Hashnest is part of company Bitmain. Founded in 2013, Bitmain Technologies, now among the world’s most recognizable Bitcoin companies, was established to develop and sell the world’s leading bitcoin miners using Bitmain’s ASIC chip technology. Bitmain is now among the most recognizable companies in the cryptocurrency space and the proud parent of several brands, among them Antminer, Antpool, and Hashnest, all of which are ranked number one in their respective fields. Machines and customers are present in multiple locations in almost every country of the world. What is Cloud Mining Cloud Mining is the process of bitcoin mining utilizing a remote with shared processing power. This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware. Since Cloud Mining is provided as a service there is generally some cost and this can result in lower returns for the miner. Concept that allows you to form groups (mining pools) in order to obtain more revenue from general effort compared to mining in using their equipment. Bitcoin mining is done “ in the cloud” and avoids many problems, including power interruptions, problems with installing or connecting to the internet, energy costs, difficulties for equipment maintenance. Where to buy Bitcoin Online platform for selling and buying cryptocurrencies such as Bitcoin, Ethereum and Litecoin. One of the most popular and trustful wallet. Launched in 2014. Very popular, simple and secure online wallet. They have app as well. LocalBitcoins is a person-to-person bitcoin trading site. At LocalBitcoins, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. Their goal is to make mining accessible to all, users regardless of age, location, investment, technical nouse or experience. We want to give our customers an opportunity to try out cryptocurrency mining and earn Bitcoin as a reward. On a larger scale, they hope to contribute to the development of mining services and subsequently to the development, establishment and adoption of Bitcoin both as a currency and as an economic system. Before you start mining bitcoin, you first need a bitcoin wallet. We have a list you can chose from. Here are some you can use to store your bitcoins. HashFlare Cloud Mining Algorithms • SHA-256 – which is used to mine Bitcoins • Scrypt – which is used to mine Litecoins • ETHASH – which is used to mine Ethereum • X11, which is used to mine DASH Coins That Are Available To Mine Price of Hashpower The price of hashpower different from on another, but all of them are quite affordable. Members can re-invest the bitcoins they mine if you want, so they can get more hashpower. More hashpower means faster earning and mining coins. SHA-256 – for 10 Billion hashes per second or GH/s only cost $1.2 so 100 GH/s will cost only $12. Note: This is only for bitcoin mining. Scrypt – for 1 Million hashes per second or MH/s only cost $13.50 so 100 GH/s cost only $135. Note: This is only for litecoin mining. ETHASH – for 100 Thousand hashes per second or KH/s only cost $2.2 so 1000 KH/s cost only $22. This Pin was discovered by G Foster. Discover (and save!) your own Pins on Pinterest. HashFlare is a cloud mining service. Mining Calculators. While a stable network ensures predictable payouts and a foreseeable return on investment. It has a contract of 1 year. After the contract end hashpower will return to zero. Note: This is only for ethereum mining. X11, – for 1 Million hashes per second or MH/s only cost $5.8 so 10 MH/s cost only $58. It has a contract of 1 year. After the contract end hashpower will return to zero. Note: This is only for dash mining. Feature Of hash Flare Instant Connect – The mining starts immediately after confirmed payment. First payouts within 24 hours. Instant Withdrawal – Choose the amount to withdraw and receive it instantly Detailed Statistics – View all mining related information in real-time, at any point from any location. Pool allocation – You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. Fixed Fees – No hidden fees or comissions. Every single transaction is visible to you. Monero Cloud Mining - Monero Xmr Calculator best btc contracts available again You can use 10% code 5510B64A crypto-currency bitcoin is definitely a world-wide currency that utilizes an open ledger system in order to record trades being sent in anyone to another. All of this happens without central bank in the middle which is not handled by government, controlling system, individual company, or person. Tags related: cara mining di hashflare hashflare promo code 2017 hashflare wire transfer hashflare codigo. I did some quick analysis using a Monero Mining Calculator on the Genesis Mining Contracts available for Monero and found their 1000 H/S 2 year contract to have a payback period of around 1. I highly recommend downloading the Monero Desktop Wallet and setting it up before you purchase XMR on the exchange. Calculate the profit from mining CryptoNote-based currencies (Bytecoin, Monero, DigitalNote, FantomCoin, QuazarCoin, MonetaVerde, Aeon coin, Dashcoin, Infinium-8) on MinerGate. Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided. Calculation is based on the following formula: Reward = ((hashrate * block_reward) / current_difficulty) * (1 - pool_fee) * 3600. Best Bitcoin Cloud Mining Services; Best Bitcoin Cloud Mining Contracts; Best Litecoin Cloud Mining Services; Best Dash Cloud Mining Services; Best Ether. Selling hashing power is as simple as connecting your miner to our stratum mining pools while buyers can buy hashing power on demand, on pay-as-you-go basis. Easy and pleasant experience No mining pool fees Cons Maintenance fee Ineffective in solving customer issues 3. Hashing 24 Hashing 24 has been providing bitcoin cloud mining since 2012. They are located at Iceland and Georgia and they make use of modern ASIC chips and thus they are very competent in provision of their cloud mining services. As compared to other cloud mining companies, hashing 24 offers open ended contracts i.e. As long as it makes profits it’s yours forever. It has daily payouts with the minimum payout being 0.001 BTC. Also they allow demos before paying up for any product and they are backed up by bitfury, a company that combats criminal activity within the blockchain. It’s highly encrypted thus assured security. It is of worth noting that it does not currently offer services to US citizens and its mining contracts are more expensive as compared to the established competitors. Minex This is a type of cloud contracts mining aggregator whereby contracts from various firms with their various terms and conditions are rolled into one pack and they are balanced- virtual venture fund. Every miner buys cloud packs with a set amount of hash rates from the various companies and wait for profits to accumulate or investors have an option of buying minex coins which are the company shares at which they gain when the shares are sold at a profit. After purchasing a minimum of 1 cloudpack it starts mining immediately with the mining results showing after 3 days of purchase. There is no limit on the number of cloudpacks that one can purchase. Its mission is to do away with the gap between the real and virtual markets. Hashnest This one is operated by Bitmain- producer of antminer line of Bitcoin miners. Hashnest presently has more than 600 antminer S7s ready for rent. One antminer can be rented at $1200 although the price keeps fluctuating from time to time. It has been known for its transparency and is seen as the most secure cloud mining company. It has offices all over the world with the main office in China. One can withdraw the blocks same day they are mined. It has 4 contract plans; silver, gold, platinum and diamond and each has its own price plan. It’s a constantly improving company with new features streaming in thus its high recommendation. Crypto currency mining may be just about making profit for some people, but for others it may actually allow them to get a high-end computer and have the computer pay for itself back over time by mining when you are not using it. This also applies to just upgrading your old computer with a new processor or a video card, but in order for this to work out properly you still need some proper planning. Recently I got a question if this can also be done with a high-end gaming laptop essentially paying itself back by mining, even if not in full at least partially over time. This is not that easy question and the answer is it depends on a lot of different factors, there are also some things you need to be careful with and be well aware of especially when talking about laptops and crypto currency mining. So let me get started by telling you that I will actually use an Acer Predator 17 gaming laptop to show you some numbers and talk about what you can expect with real results and what you should and should not do. The CPU (Processor) The Acer Predator 17 laptop I'll be using is equipped with an. That is a high-performance quad-core mobile processor from Intel with HyperThreading support (4 physical cores - 8 logical threads) that comes with a maximum power consumption of 45W. 1050 Ti| 980 Ti. GPU MINING Hashrate Review and. GPU MINING Hashrate 1080 Ti 1080 1070 1060 980 Ti 980 970 960. Wikia is a free-to-use site that makes. The base operating frequency of the processor is 2.60 GHz, though it can be automatically boosted up to 3.50 GHz and it actually does work at pretty high operating frequency with the Turbo Boost active even at heavy load and high temperatures as you would see. The idea is that the CPU is quite powerful and offers very good performance for a mobile solution that can be found in a laptop, even though here we have a high-end gaming laptop. The GPU (Video Card) The video card of the laptop is a brand new and Nvidia did something really interesting with their latest generation of Notebook-based Pascal GPUs. They have dropped the M for Mobile version of the GPU, meaning that hardware and performance wise the Pascal video cards used in gaming laptops are now pretty much as powerful as their desktop counterparts. Previously the M-based mobile versions of GPUs from the company were actually a stripped down variation of the desktop version in order to have them more energy efficient. Interestingly enough the GTX 1070 GPUs in gaming laptops such as the Acer Predator 17 actually do come with a bit more CUDA Cores than the desktop model, though their operating frequency is a bit lower so still the performance you can expect s pretty much the same for both the mobile and the desktop version. As you probably know the GTX 1070 is one of the most recent Nvidia GPUs that is preferred for use by miners do the very good price/performance/power usage ratio it offers for an Nvidia GPU. So Let Us Try Mining Now If you want to try mining crypto currencies at the moment the most likely first choice would be Zcash (ZEC) due to the high profitability it offers along with the fact that even CPU mining it brings some nice results in terms of hashrate. So starting up with a CPU and GPU miner for Zcash using the results I got are about 27 H/s for the processor and another 30.4 H/s form the video card. The total hashrate is roughly about 57.4 H/s and it would've been pretty good until about a week ago when and has since been optimizing it and increasing performance for AMD-based video cards. Since there hasn't been much development regarding Nvidia CUDA performance improvements in the Zcash miners, unlike for AMD, at the moment the less than 60 H/s total hashrate is. Not much at the moment, but there could be other more profitable crypto coins to mine at the moment that should provide better profitability, right? The Problems With Mining on a Laptop Before continuing about more tests and options for how and what to mine let me first tell you about what problems can you expect when mining with a laptop, even when it is a high-end gaming one. Just like with regular computers when used for crypto currency mining you will get the processor and the video card stressed a lot and pushed often to their maximum, so if you do not have proper cooling you might start having issues with them overheating. Normally gaming laptops have a more serious cooling solution as they use higher-end hardware that needs more power and generates more heat, but there are still problems and for them you can blame equally both Intel and Acer or just about any other manufacturer of gaming and not only gaming laptops. I'm starting with the processor and more specifically the operating temperatures of the CPU when it is mining Zcash and is under 100% load from the miner software. Just take a look at the temperatures that the CPUID HWMonitor software reports for the processor's cores. 76 degrees for the coolest and all the way up to 98 for the hottest one. That is pretty damn hot operating temperature, especially for the hottest CPU core and you should normally try to avoid getting things so hot. The funny thing is that even though the operating temperature is pretty high, Intel is still using Turbo Boost to increase the frequency of the processor to almost 3.1 GHz. The processor is apparently trying to fit in the power usage limit of 35 Watts and is not caring much for the high operating temperatures. On short term this should most likely not cause problems, but on the long term if you plan on mining on the CPU of the laptop long term you can start to have problems. It has been like that with the last few generations of mobile processors for Intel and they apparently do not have much problems running at high operating temperatures and still using Turbo boost, but as I've already mentioned on the long term that can cause hardware problems. Moving on to the GTX 1070 GPU and having the video card also mine for Zcash (ZEC) along with the processor. As you can see the operating temperature of the GPU is at more reasonable level a just about 72 degrees with the card also running at boost frequencies and completely stable. High-end gaming GPUs have been better taken care of when talking about cooling inside gaming-grade laptops, so they can provide optimum performance to the user without causing issues with overheating. With gaming laptops it is like the manufacturers don't consider the possibility that the processor can be constantly loaded at 100% for a long time, but they do consider that option for the video card. While this may be true when gaming where the game utilizes more the video card than the full capabilities of the multi-core processor, with mining you can easily get 100% load on both subsystems. Interestingly enough the video card still manages to sustain operating temperature of 72 degrees even with the CPU at 0% load, so it is probably set as a maximum operating temperature in the video BIOS by default. Mining only on the CPU however does still get it hot as hell relatively quickly, so the GPU cooling is really well done, unlike the CPU cooling apparently. Here is how the actual power usage of the laptop looks like while it is mining for Zcash on both the processor and the video card - 164.5W total power usage. Stopping the CPU miner and I got power usage of just about 125 Watt measured at the wall (around 35W for the CPU as it is apparently limited up to that). Having an adequate idea about the power used by a mining computer is really important as it plays important role in the equation for actual profit. The power used needs to be deducted from the total value of the coins you have mined. The number I have cited above about the actual profit from mining ZEC at the moment on both the CPU and the GPU is with the power cost taken into account and deducted from the value of the mined coins. So You Are In For the Profit, But What To Do I'm going for the easier solution for maximizing your mining profit from what you have available and that is the use of the automated that keeps track of what is the most profitable algorithm on NiceHash and switches automatically to it based on our hardware's hashrate for different algorithms. More on how you can use the software -. The first thing you need to do with the Nicehash Miner is to benchmark your CPU and GPU available, so that the software know what hashrate you are getting for various algorithms and can use these numbers to calculate the best profitability at every moment and switch to the proper one as the prices change. With the processor there are actually not that much algorithms available and there are not that profitable most of the time as most crypto coins sooner or later get a GPU or even ASIC miner making it pointless to continue mining it with a CPU. With GPUs you actually have much more mining algorithms to choose from, so benchmarking all of them can take some more time. Interestingly enough at the moment on a GTX 1070 video card it seems that using the Dagger-Hashimoto algorithm (Ethash used by Ethereum) is the most profitable (with the driver fix for the latest Pascal GPUs under Windows). I have already explained why Zcash is not the right thing to mine at the moment with Nvidia GPUs and the NiceHash miner just confirmed this. What are we getting with the NiceHash miner using the optimal algorithms for the available hardware - estimated earnings of about $2.71 USD per day or with other words better than just blindly going for Zcash on both the CPU and the GPU. Now, this may not seem that much for a day, but it is not that little actually. Just multiply by 365 days and you will get something close to $1000 USD for a year. Of course the idea here is not to mine all the time, but only when you are not using the laptop and the profit will of course vary up and down over time and you still need to deduct the price of the electricity used (about 160W). You can of course get a better chance at maximizing your profit by mining specific crypto currency and then trading it on an exchange, but it is probably not worth it if you do not have a multi-GPU mining rig(s) available and are going to be using just what a single gaming laptop is capable of providing you with. Really not worth the extra time and effort needed for the chance of some extra percent higher profit, I'm saying for the chance as trying your luck may as well give you worse results. Is it Worth It in the End? This is a tough question to answer, really. The fact is that in 2 to 3 years of time you are very likely to have mined enough or even more than what the laptop would cost you to buy at the moment (around $2000 USD or around 2200 EURO) and that goes for not mining on it all the time, but only when you are not playing games on it. Even if the total amount is not the full cost of the laptop, but only half it will still not be that bad if the laptop continues to work properly and does not cause you issues. So getting a high-end gaming laptop and using it not only to play games, but also for crypt currency mining may be a useful way to reduce the bill. Now for the important stuff should you decide to go for a high-end gaming laptop with a powerful CPU and GPU like the Acer Predator 17 that I have used here as an example. First off I would not recommend to actually use the processor to mine with, go for only the GPU. This should result in much lower chance of having issues due to the heat generated from the laptop on the long run. This will reduce your profit, but will save you possible trouble of having to deal with warranty repairs or replacement after some time. Generally CPU mining is not very profitable most of the time anyway, though currently for Zcash the situation is still not that bad. For the moment. One thing that YOU MUST DO, regardless if the laptop is going to be used for mining or not is to purchase an extended warranty to let us say 3 years. It will bring the cost slightly up, but will ensure that if a problem occurs you will be covered for longer period of time. With using the laptop 24/7 for gaming and mining the chances of problems on the long run increase, so having extra warranty can really help not only for your peace of mind, but also in case something really does happen. Now, to answer the question if I would actually buy a gaming laptop and use it for mining as well in order to get back some of my investment. Normally I would not, just because I don’t like playing games on a laptop. I use it for work and not for games. The reason for this is that I actually have a dedicated high-end gaming desktop PC at home with larger display and more powerful hardware that I use for gaming (not that I have been gaming that much lately). Regarding mining, I would still go for dedicated multi-GPU mining rig, but that is just me. The option is there and the chances are that you can actually going to get some of the money you paid for the laptop in the first place back might be an attractive one for some people. Just make sure that you play things right and be careful about the things I have mentioned above should you decide to try and actually do this as this advice can actually save you some bad experiences! If you have a question or want to add something, then please leave a comment below. Did you like what you have just read? Yes, unlike with could mining, when you actually buy some hardware and use it for mining it will still retain some value if you decide to sell it after a year or two. This is also true for a gaming laptop that you may use for let's say 1 year for mining as well, then sell it and get a new more up to date model for less thanks to what you have already mined. Cloud mining contracts are really pretty risky, especially if you are riding the hype train and preorder something even before it is launched like in the case of Zcash. At the moment a single GPU can make more than what you have paid thousands of dollars for as a cloud contract thanks to the latest miner optimizations. CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. PC • To the right of the address bar, click the icon with 3 stacked horizontal lines. • From the drop-down menu, select Settings. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. GPU mining is largely dead these days. How to Set Up a Bitcoin Miner. How Does Cloud Mining Bitcoin Work? • Finally, refresh your browser. MAC • Select Chrome from the Apple/System bar at the top of the screen. • Select Preferences. From the drop-down menu. • In the left-hand column, select Settings from the list. • At the bottom of the page, click the Show advanced settings link. • Under the Privacy section, click the Content settings button. • Under the JavaScript heading, select the Allow all sites to run JavaScript radio button. • Finally, refresh your browser. What is SHA-256? The SHA (Secure Hash Algorithm) is one of a number of cryptographic hash functions. A cryptographic hash is like a signature for a text or a data file. SHA-256 algorithm generates an almost-unique, fixed size 256-bit (32-byte) hash. Hash is a one way function – it cannot be decrypted back. This makes it suitable for password validation, challenge hash authentication, anti-tamper, digital signatures. SHA-256 is one of the successor hash functions to, and is one of the strongest hash functions available. With this online tool you can easily generate hashes. Mining Bitcoin This is the actual function used for. Click the 'report' link. It's just below the submission or comment body. AutoModerator will clean it up in no time! THINKING OF PRE-ORDERING? (us mods tell them to our kids around the campfire) FAQ RULES No 'FOR SALE' posts. Feel free to hawk your wares in our sister subreddit - this means no goup buys as well. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. No verbal abuse. If you don't have anything nice to say, it's best not to say anything at all. Remember, we were all newbies once. Mining isn't exactly a trivial venture. No Referral Links. No Amazon/eBay referral links. No mining pool referral links. 0.8 2017-12-03 always 0.6 always 0.7 2017-12-06 always 0.8 2017-12-06 always. Become the best Bitcoin miner and learn how to mine Bitcoins with the best Bitcoin mining hardware, software, pools and cloud mining. Amidst debate. Bitcoin XT Official Bitcoin XT website Bitcoin XT sub-Reddit /r/bitcoinxt Bitcoin ABC Official Bitcoin ABC website Bitcoin ABC sub-Reddit /r/BitcoinABC/ Related. No mining contract referral links. No referral links, period. No Promoting New Alt Coins. If there is a new alt coin out, this is not the place to discuss or promote it. If you have questions about mining that alt coin, feel free to ask away! No short-URLs. Nobody should have to trust you before clicking on a link. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. Do not ask for other people to mine for your address. Do not beg for donations simply for lending a helping hand. Anybody caught violating the rules will be banned on sight. If you notice somebody abusing the subreddit rules, please with the permalink in question. All members of the BitcoinMining subreddit are expected to read and follow the as well as the informal. Likewise, all moderators of this subreddit do follow the. POOLS ABOUT Want some help with your mining rig? Don't know which ASIC miner to buy? Have a question or interesting post about Bitcoin mining in general? Well hello friend! And welcome to! 's Inspired Greatest Quotes of All Time - RELATED SUBREDDITS is aimed towards general Bitcoin related discussion. Contains anything technical (i.e. Code, proposals, whitepapers, hardware, questions) relating to Bitcoin. Is where you go to buy and sell things for Bitcoin. 7 rows Cloud Mining Calculator Cloud Mining calculator estimates the. Current bitcoin price coindesk calculator soup mixed BTC/USD 4,900.0000 4,752,672, quoine, bTC/USD 4,303.7564 4,183,656, livecoin, bTC/USD 4,314.3555 2,191,913, exmo, bTC/USD 4,307.9973 800,794 Okcoin BTC/USD 4,306.7300 788,308 QuadrigaCX BTC/USD 4,350.0000 247,287 show all Total / Average. Tags: difficulty, bitcointalk, calculator, bitcoin, mining Bitcoin mining cloud hashing mining bitcoin calculator eth, nxt bitcoin mining cloud hashing mining bitcoin calculator VSLqvsQqg8dI, topmine /Qw6nZJ m/watch? HashOcean - Cloud Mining Dear Miners. Member, offline, activity: 344 olfirs. Offline, activity: 1232 olfirs. Do you mine for fun? Then the numbers might not mean a lot to you. Though chances are you want to rake in some money from your venture, so the numbers matter to you. There are many ETH mining calculators you can use online and they give valid results. However, these calculators may not consider all the factors that affect the profitability of ETH mining. That is why if you use a number of calculators you end up with different figures. This article will look at the details that matter when you calculate the costs, revenue, and profits in ETH mining. The Points Covered Will I nclude. Cloud Mining This is outsourcing the mining. Cloud mining companies will charge you a fee, usually for a fixed-term contract. A short contract might be one year.Cloud mining is profitable because the GPUs are bought in bulk, hence at discounts. They have the option to base operations overseas, in countries where electricity costs are low.You can get a smart deal if the company hedges you against the fluctuations in the market. These companies also guarantee that the system is always online to maximize mining profits. The hash rate in the Ethereum network has been rising over the past few years.You would expect blocks to be mined faster with this rise but they are not because the network automatically adjusts difficulty so that a new block is mined at the constant time of 12 seconds. Consequently, you will always need a faster device which has a higher hash rate to mine. However, a high hash rate does not guarantee profits; electricity is still a big factor. The hash rate is often denoted as mega hash per second, a million calculations in a second. It can also be labeled Giga hash, which is 1000 mega hash or terra hash; this has 1000 Giga hash.Simply put, a higher hash rate means greater mining speed. Costs To get something out of eth mining you need to put something in. The main costs you’ll face include the hardware and setup costs as well as the maintenance costs. These costs apply to solo mining and pool mining. For cloud mining, the fee you pay for a contract is your cost. Hardware You need a computer, a GPU, and other accessories depending on the setup. The best integrates a high capability to give you a high hash rate and economy in power consumption. You can also include cables, air conditioning equipment, and a power supply unit (PSU) among your hardware expenses. Electricity Electricity costs vary from country to country. Mining consumes a lot of electricity. Apart from the power consumed by your mining hardware you might need to cool the room, this adds to your potential electricity costs.If you can keep your electricity costs minimal, you are bound to enjoy healthy returns on your investment. An efficient PSU is a shrewd investment if you look at the long run. Plus if you choose the most energy-efficient GPU that can offer a respectable hash rate, you’ll cut your power bills. Fees If you mine in a pool, you’ll pay a fee to belong as well as a payout fee charged on each payment sent to you. Pools don’t charge the same rates though the variation is low. These fees are another value you will subtract from your income.If you outsource, your contract states the amount of a year’s subscription to the cloud mining entity. Rewards A successful mining operation will receive gas fees and payment for any uncles included in the block. Gas When you execute a transaction or contract in the Ethereum network, you use gas. A calculation that requires more hashes or computing capability will need more gas. While gas is not a token, it is usually measured and paid out as a fraction of ether. Gas is important because it assigns a value to transactions within the network. It prevents miners from performing computations that have no value to the system and makes it costly for scammers to attack. The Ethereum network does not assign a value to gas because the market value of ether fluctuates while the difficulty to mine may not. As such, gas is focused on the mining costs. The price or value of ether is tied to external forces on the other hand. Uncles An uncle is a stale block, usually beat to the blockchain by another block. The Ethereum network compensates miners for these though they receive a lesser reward. As you mine a block, you’ll receive a reward for no more than two uncle blocks included. The pay you receive is for uncles up to six blocks back. The maximum you receive for an uncle is 7/8 of the block reward. This pay reduces as you go back from the present block and there’s no reward beyond 6 steps back. Uncles are not a factor you can project accurately when estimating income; you’ll only know how much you earn from uncles when you have earned! Calculations Predicting the cost in mining is easier than guessing how much you will earn because of the rising difficulty and the unpredictable returns you can earn in bonus payments. Costs To forecast costs for pool mining, sum the projected pool fees, electricity bills as well as installation and hardware costs. For solo mining, you incur electricity costs plus hardware and installation costs. With cloud mining, your costs are condensed into the contract charges. You can predict to a reasonable certainty how much ether you will mine based on your firepower, but there’s less certainty on the possible rewards. Revenues They include the ether earned from all blocks (5 ETH) as well as the rewards. Revenues are easier to calculate after mining since you have all the information. However, a close estimate is possible once you know your hash rate. Note that in pool and cloud mining you might miss out on gas and payments for uncles depending on your contract. Conclusion When you have ether you are not yet home and dry. The value of ether is dependent on its current rate against the dollar. Whether you’ll hold the ETH or convert it to bitcoins or dollars will affect the profit or loss margins you make. The price of ether against the dollar fluctuates, this volatility has attracted a number of speculators. This calculator is based on a simple formula described in this. Now the ethereum calculator gets the latest network hash rate from and the eth price from. The average blocktime represents the time in which a new block is generated and for each block 5 ETH are generated. Statistically you will be able to estimate how many ethercoins are generated by you given the fact that you know the whole network computing power. It's your part of the pie. That means for each 17.84 seconds (assuming thats the average time until a new block is generated) you get 5 ETH * 25Mh / 591.2GH. But remember this is an average. The estimation should be quite exact for the near future but if you want to estimate for longer term there is much uncertainty regarding how those variables evolve(Average Block Time, Average Network Hashrate). For longer term prediction values are calculated based on anticipated network hashrate considering the evolution for the next 6 month will be similar as the one for the. The processing power of the cards is added from the spreadsheet shared in the thread mentioned above. The consumption is taken from the same place or from and the price is manually taken from amazon and neweggs(depending where is cheaper, the links contains affiliate code). What is Ether Mining and what is GPU Mining? Ethereum is a distributed platform which is built on blockchain technology. Blockchain is a sort of a database which is stored on volunteers computers who are running a node on their computer. The blockchain can work if most the nodes in the network are acting fair keeping track and validating all the changes/transactions in the netowork. In order to make sure no group of nodes controls more than 50% of the netowork, the solution is to make it so expensive to control 50% the network that no organisation is able to do it. The algorithm adopted by many coins like Bitcoin, Ethereum, ZCash and others is called proof of work and in consists in a searching for a solution that can be found only through brute force. When a miner finds the solution it gets a reward and it can close the current block. The operation for looking for the solution is called mining and all the miners are competing for it, each of them having a chance equal to the processing power he has. Statistically each of them will get a part of the pie proportionally to the computing power is uses. In order to mine you need to perform as many operations as possible in an interval of time. For ehtereum the best computing power is delivered by graphic cards with powerfull GPUs. Other coins, like bitcoins can be mined with specialized hardware calles ASIC which are a many order of magnitudes faster than the gpus. Right the best cards to mine ethereum with are AMD Radeon RX 570 and 580 and NVidia GTX 1070. NVidia GTX 1060 can also be used but only the 6GB version. What is the Ethereum mining difficulty? In a blockchain, transactions are added in a block, then the block is closed and added in the chain. After that a new block is open. In order to maintain the consistency over the network, only one miner can close a block in a specified moment. That miner is the one which solves first the hash problem and finds the winning solution. Then it closes the block and signs all transactions, getting the block reward along with all transaction fees. Findind a solution is practically running brute force algorithm. The time to find a solution is hard to tell. In the same time blocks are having a predefined maximum size and by convention a blockchain needs to have an averate time interval at which blocks are closed. In order to do that from time to time a variable called difficulty is adjusted based on previous performance. The difficulty can be considered a parameter which is in the inverse relation with the network hashrate. The more computers are mining ethereum, the higher difficulty is. Zcash Mining calculator. Here is a rudimentary mining calculator. It is based upon averages of the pools when you request it. New cloud mining contracts! Scrypt Cloud Mining Summary Another algorithm than SHA 256 is Scrypt. The hashing algorithm is for cryptocurrencies such as Litecoin and Dogecoin. SHA-256 is the hashing algorithm for cryptocurrencies for Bitcoin among other currencies. Individual miners like Scrypt because it requires a large amount of CPU power. However, most mining specialists agree that it’s only a matter of time before ASICs are widely available for Scrypt-based cryptocurrencies. Scrypt coins require less power than the power needed to generate coins based on an SHA-256 proof of work. While you could argue that Scrypt mining has been able to prevent some centralization in the mining network of certain cryptocurrencies, for now, there are still a few more improvements to the mining process that could take ASIC-resistance to the next level. Scrypt Cloud Mining Summary Another algorithm than SHA 256 is Scrypt. The hashing algorithm is for cryptocurrencies such as Litecoin and Dogecoin. SHA-256 is the hashing algorithm for cryptocurrencies for Bitcoin among other currencies. Individual miners like Scrypt because it requires a large amount of CPU power. However, most mining specialists agree that it’s only a matter of time before ASICs are widely available for Scrypt-based cryptocurrencies. Scrypt coins require less power than the power needed to generate coins based on an SHA-256 proof of work. While you could argue that Scrypt mining has been able to prevent some centralization in the mining network of certain cryptocurrencies, for now, there are still a few more improvements to the mining process that could take ASIC-resistance to the next level. Is around since 2016 and until now the company pays it’s members. Their data center can be located in Iceland and they are planning to add more in the near future. They have more than 500,000 members worldwide. Owned and manage by Jakov Dolic and the company is from Germany. Before you start mining bitcoin, you first need a bitcoin wallet. We have a list you can chose from. Here are some you can use to store your bitcoins. Coins That Are Available To Mine Mining Multiple Coins Genesis bitcoin mining is not like the other mining site. Here there are no limits on how many coins you can mine at the same time. You can mine bitcoin, litecoin, dash, monero, ethereum and zcash at the same time. The only downside to this is that you hashpower will be split. So you need more hashpower to mine different coins faster. Mining A Single Coin Using all your hashpower to mine one designated coin will have a much faster result and you don’t need much mining power to get the payout sooner. If you want faster result and wanted to reach payout then this method is for you. You only have to click the check button indicating pure coin mining and all your hashpower will be assign to mine that certain coin. Price of HashPower The price of Hashpower depends on the plan your going to chose. Here are the options you will face if you decide to mine bitcoin. Open-Ended Bitcoin Mining – You can split your hashpower so you can mine other coins as well. Price is $30 for 0.2 Trillion hashes per second or TH/s, or you can buy 1 TH/s for $150. There is no expiration for this plan. You can mine as long as you want and your hashpower will not diminish. You can chose to mine all the coins that you want or you can single out the one you want the most. Two Years Ether Mining – This can only be use for ethereum mining “PURE” and it has a time limit of 2 years contract. The price of hashpower 1 Million hashes per second or 1 MH/s for $29. Two Years Monero Mining – This also can only be use in monero mining “PURE” and has a time limit of 2 years contract. The price of hashpower is 1 Trillion hashes per second of 1 H/s for $49. Using Genesis Mining is very convenient way to earn bitcoins without doing anything. You can withdraw your earning everyday and get paid. You can add some hashpower by converting your earning into mining power. As of today Genesis Mining is the biggest cloud mining site around. |
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