Today we are going to be going over the results from my Ethereum mine, which I have been running for 6 months now. We go over how the experience has been, how much money I made, and what I learned from the experience.
CPU: Intel i5-7600
Motherboard: MSI Z270A-PRO
Ram: G Skill Ripjaws 8GB
SSD: Adata 128GB
Powersupply: EVGA 1200W
Graphics Card: MSI GTX1060 6GB
Graphics Card Risers: (6 Pack)
Monitor: ASUS VS228H-P
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Watching this in Ocrober 2018. I hope you sold when ETH was around $1000. Otherwise, you may as well just hold onto them for several years. Another bull market in ETH will take at least a few years to develop.
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this is a bad example all around. he had 6 cards only doing 135 MH\s!!!! my 1060's do that! ANY GTX 1070 can be safely clocked and underpowered (so that the electric bill is less and ur earning more and also not take a day off the cards life) to at the very least 31 Mh\s. That entire time he was mining at 135 MH\s he shoulda been at 186-191 and I know this because I have an 8 GPU 1070 rig that does 251.5 Mh\s total with all diff cards and no matter what I get 31.5 with the cards with any brand and memory type (sides hynix). But he coulda been earning more eth and paying less money for electric im sure.
Hi Mario, the electricity costs are a great way to determine the intrinsic value of a cryptocurrency. If it takes $5,000 of an electricity bill to mine a full Bitcoin, then the price of $6,000 is warranted. Once you mine it you can sell the BTC to pay for your electricity bill. Try using mining calculators online, find a good BTC mining device, review the TH/s and input all of the information into the calculator. If you cant find a way to make your money back, then it seems like it's not worth it based on the cost of electricity in your area. Then, lower the cost of electricity in the calculator to see where it needs to be for you to be profitable. You might have to move to another country to mine BTC or ETH full time :) But either way, it's a good calculation to compute to determine if ETH or BTC are currently too high or too low, in which you can decide to buy or sell your coins. Hope that helps! Chris Bell
Hi Jason, if you want to join a cloud mining operation it's certainly possible, but the most risky. People can take your money and lie to you about what you're receiving. On the other hand, bitcoin.com and genesis-mining.com are both reputable cloud mining operations that you can simply buy into without any knowledge or equipment. Also, it can take almost 12 month to get your money back (without including appreciation), so sometimes (most of the time) it's better to simply purchase the coin and hold it. I wanted to put 20 BTC miners in my basement but I just couldn't find a way to make it profitable, I also cloud mine with bitcoin.com which is slow and frustrating. When competition is fierce in BTC mining, those with the lowest electricity bill win, so invest in solar panels or just buy the coins. Hope that helps! Chris Bell
Hi Jason, I have been trying to figure out how to make BTC mining profitable for some time. I looked into solar panels and it takes about 5 strong panels to run a single BTC miner full time (800 watts for 24 hours) in relation to 5 hours of sunlight, storing the energy in batteries, only using 30-50% of the batteries. It gets complicated and expensive to start a BTC mining project with panels, even using the grid instead of batteries. I would love to be able to make it profitable so that I could just continue to scale it upward, but it seems like everyone has already thought of that because the competition is fierce. Chris Bell
hi, im thinking in buying and investing on a poweful pc for mining, but i have a question, how long do you think this whole mining thing will last and if its still worth it as today may 16, 2008? i just dont wanna lose my invrsting money jeje, thanks in advance!
In California Tier2 $0.25/kwh, Tier 3 $0.35/kwh ....Electricity is the biggest factor here...please truly let us know how much the electricity expense per month costs you in this mining operation???? What tier are you being charged?
Do not listen to the mainstream media and all the negativities they broadcast about the volatile nature of bitcoin. If you invest smartly in bitcoins you will definitely achieve financial independence. Do you have bitcoin?do you know you can mine 0.5btc in five days or 1.8btc in three weeks if you want to do so then Mr Ballard Andrew's mining system would work best for you,link through [email protected] person's will say the price of bitcoin is low and not profitable..The truth is that very soon the price of bitcoin will sky rocket,it's working for me ..
I really hope from the bottom of my heart that all of that equipment sets on fire and burn your house and yourself down.
Until that moment I wish you the best with your 10 (maybe) dollars per month earned.
Get the fuck off this world. You don't deserve to be here.
the prices of bitcoin drastically wentdown since this video was made .so does market value of bitcoin effect on miners 's revenue or it stays persistent because i think it's actually based on qty of transactions made by users. i am not sure .
Wow.. I "liked" the video though I do not have a clue what you talking about 😳
So what is my story and how did I end up here..?🤔
Well, on one of our local dailies, today, there was an article on the kind of hardware, basically (graphic cards) that you need running your computer so as to adequately mine bitcoins.
So I came to YouTube and did a simple search on "mining bitcoins" and towards the end of that video, it was this one talking about ethirium or something to that effect 😳
Hmm..so what is it and what is it used for??🤔
When u say mining what exactly are ur gpu's doing to earn any income? It prob seems extremely stupid to most of the ppl watching this but i literally just heard of ethereum like 10 min ago and its April 2018 ,
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These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
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In the weeds.
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At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.