Mining ethereum 2018 gpu
A calculator is a tool supposed to be used here and now. Use calculators to estimate what to mine right now rather than after the Merge, which is useless. Myth 3. Other coins will gain in value. Now there are people selling Neoxa every day, whereas after the Merge there will be 10, sellers.
Why would its price grow? There are a few scenarios that miners could benefit from. Investors might believe in this coin and start buying it on a large scale. Or Neoxa might win a contract with Epic Games and become world-famous. Myth 4. Many people think that all ETH miners will switch to other coins, and so the profitability will be 15—20x lower.
Many, if not most, Ethereum miners will disconnect their equipment forever. I think that GPU mining profitability will be 8—10x lower, but definitely not 20x lower. There is a great definition of mining in the article titled What to Mine when Ethereum Goes POS : Mining is the process of getting rewards for using the computing powers of your equipment.
When mining makes you lose the money you stop mining. Apart from profits, you should think about expenses — miners have to pay for electricity. What will happen when profitability drops so much that you make just enough to cover electricity costs? You stop mining. Everything will depend on how much you pay for electricity. Look at Ethereum in In and , the hash rate fell by a third. Can we predict the profitability after the Merge in September?
People with very low electricity rates will continue mining. Many miners across the world will disconnect. It supports all the coins that you could think of. There are 20 coins available 19 without Ethereum. It turned out to be a very popular video. The comments section raged on over my choice of GPU.
Some people immediately understood while others thought it was a terrible choice. Of course, as with most YouTube comment sections people are heavy on opinions but come up very short when the facts are on the table. So what is the best GPU for mining cryptocurrency? The question you need to ask first is what is your goal? And that really matters when determining the best GPU for mining! Regardless of your choice though, I encourage you to just have fun with it!
Fun first, profit second. Of course, if it is just about money for you then stick around because I will walk that road too! This is important. Is it to make the most profit? Is it to mine the most coins in the shortest period of time? Is it to just have fun? Are you on a limited budget or have unlimited funds? The answer to that question will dramatically change the rig you decide to build. Additionally, with this being an emerging market there is no guarantee the whole game is even the same game in a year.
With that in mind, if speed is your only concern then you should only look at the highest hashrate cards below. Power consumption and cost to acquire will not be part of the equation for you. Mining With Profit as the Most Important Factor When looking at mining for profits, it should be approached like any other business venture.
The best GPU for mining cryptocurrency will be the one that has the best combination of hashrate, price, and power consumption. This is the card that will have the highest return on investment over a certain period of time usually 6 months. This definitely will not be the fastest card on the market. Either you will run these cards until they die, or you will replace them annually with faster hardware.
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Mining ethereum 2018 gpu how to mine bitcoins 2021 ncaa
Ethereum ASIC Miner 2018 - Destroys GPU Mining? GPU Prices Back to Normal FINALLY
BRACELET OF ETHEREUM GE
Many consider GPU mining a lost cause. Ethereum was one of the most profitable mineable cryptocurrencies. Not only the merge event brought bad news for crypto miners killing all their stuff but it also hit the graphics card market. But its just another new worthless coin among hundreds of other worthless coins. You can expect the crypto community to come up with several new coins that can be mined with GPUs. But other than GPU miners no one cares about such coins. As the demand for them is very low it becomes completely uneconomical to mine them.
After the merge the network hashrate have exploded for some coins such as ETC, Raven etc. But as more miners switched to such coins the profits per invested hash also greatly shrank. Meaning, those altcoins that were close to ETH profitability before the merge are now barely mineable. They simply became abysmal. By mining such worthless coins all you do is run up on your electricity bill.
Even if electricity is free it still makes no economic sense to mine such coins that no one cares about. For this reason many are selling their GPUs at a discounted rate while it still has some reasonable resale value. The reason why ETH mining was so profitable is because it had actual demand. This we cannot see in other coins. Energy Prices Profitable mining depends on these three factors: decrease in difficulty, increase in coins price and lower energy costs.
But now it happens the other way round. The ever increasing energy prices in some places along with dramatic decline in cryptocurrency price has made GPU mining unprofitable. Either the energy prices should drop along with the network difficulty or the price of the coin should go up. Electricity costs at certain parts of the United States and Europe are higher.
At some places its With such high electricity costs it would likely result in a net loss. Ignore those high electricity costs. At present none of the cards are showing even slightly net positive results after power costs. But none of them appear profitable. With increased mining difficulty and high electricity cost combined with lower price of the tokens have made GPU mining unprofitable across the world.
Its all RED. Across the world many miners have turned off their rigs. At this point its actually more cost effective to turn off the rigs and buy the coins directly if your intention is to acquiring it. Currently there are only two types of miners still mining. Those spec mining at a loss hoping that the number goes up in the future. If you are person mining at loss then you can buy and hold instead. It is easier that way. Anyways other than these two categories GPU mining on a large scale looks dead.
Other options to mine Sure, there are plenty of cryptocurrencies that you can mine using your GPUs. Initially after the merge many miners switched to alternative cryptocurrencies that can be mined with graphics cards. Other than this you have hardware costs to cover, you need to factor in the wear and tear of your graphics card, factor in the cost of PC power etc.
You can try mining any coins using any graphic cards. There is simply no profitable mining anywhere at the moment. The more cards you have, the bigger your mining farm, the more money you lose. Even if it yields slight positive net result at some point then it would take several years for you to atleast break even. This is such a volatile space that nobody can predict the market a month from now, so forget about years.
There are lots of mining groups trying to figure out how to make GPU mining profitable again. How they are profitably GPU mining and earning a passive income from home as a cryptocurrency miner. Its mostly click bite videos. The best GPU in the market makes negative.
As we said its un-mineable nowadays. If you are still searching for good profitable coins, that you can mine with graphic cards then forget. You need ASIC miners for this. Only few ASICs are profitable at the moment and you can still make money with it. If you own a GPU mining rig then its better to shut them all down unless you live in a cold region and wish to keep your house warm.
The bottom line is no one should be using their GPUs for mining cryptocurrencies. And certainly you should not buy anymore GPUs for mining purpose. Sure, you can speculate and wait for the coin prices to go back up again at some point in the future. If you believe the coins would become successful in the future then your best best is investing in it directly instead of investing in PC hardware and mining them at loss.
Back in there was no ETH. Miners had to do the profit switching game quite often. It was mostly scrypt mining where they had to flip between coins such as Litecoin, Dogecoin, Feathercoin, Fedora etc to chase profits. Anyways will anything ever recapture the highs of Ethereum mining again? It may happen or may not. For now GPU miners are taking a wait and see approach for the profitable mining days to take a come back. You have to patiently wait until the market turns green and coins become profitable to mine again.
Meanwhile you can clean your rigs and start selling your older generation graphic cards as many are doing the same. Many think GPU mining still works out for a few years. Some people immediately understood while others thought it was a terrible choice. Of course, as with most YouTube comment sections people are heavy on opinions but come up very short when the facts are on the table. So what is the best GPU for mining cryptocurrency? The question you need to ask first is what is your goal?
And that really matters when determining the best GPU for mining! Regardless of your choice though, I encourage you to just have fun with it! Fun first, profit second. Of course, if it is just about money for you then stick around because I will walk that road too! This is important. Is it to make the most profit? Is it to mine the most coins in the shortest period of time? Is it to just have fun?
Are you on a limited budget or have unlimited funds? The answer to that question will dramatically change the rig you decide to build. Additionally, with this being an emerging market there is no guarantee the whole game is even the same game in a year. With that in mind, if speed is your only concern then you should only look at the highest hashrate cards below.
Power consumption and cost to acquire will not be part of the equation for you. Mining With Profit as the Most Important Factor When looking at mining for profits, it should be approached like any other business venture. The best GPU for mining cryptocurrency will be the one that has the best combination of hashrate, price, and power consumption.
This is the card that will have the highest return on investment over a certain period of time usually 6 months. This definitely will not be the fastest card on the market. Either you will run these cards until they die, or you will replace them annually with faster hardware. Again, all in your ROI equation. Just buy what you can afford or in some cases even find and have fun with it.
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