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Topic: Ethereum mining still profitable? - page 66. (Read 131303 times)

full member
Activity: 211
Merit: 100
January 22, 2016, 06:27:20 PM
#29
on the margin, quite possibly nonprofitable.
sr. member
Activity: 294
Merit: 250
January 22, 2016, 10:25:54 AM
#28
I heard Win 10 is not good for mining Ethereum. Did you compare it with the previous Windows?

Absolutely,

I'm only running a single video card, this rig's job in life isn't mining.  It's a day to day machine.

But that single video card hashes at exactly what it should be based on the many benchmark entries at the ethereum forums.

No issues at all, temps are perfect, machine runs stable and my kid has no problem gaming when he wants (while mining is still happening).
full member
Activity: 195
Merit: 104
January 22, 2016, 05:08:06 AM
#27
I just set up another PC for mining eth the other day.

64-bit Win10.

You'll want to start by getting geth running

https://build.ethdev.com/builds/Windows%20Go%20master%20branch/Geth-Win64-latest.zip

Using geth you can download the blockchain and create a wallet.

Once you have a wallet

Go here and grab the windows installer https://github.com/ethereum/webthree-umbrella/releases
You'll also likely need this: http://www.microsoft.com/en-US/download/details.aspx?id=40784

Once its done you have to find the folder with ethminer in it.

Then choose your favorite pool (look at the ethereum forums) and follow their instructions for proper settings.

I heard Win 10 is not good for mining Ethereum. Did you compare it with the previous Windows?
sr. member
Activity: 294
Merit: 250
January 21, 2016, 09:40:20 AM
#26
I just set up another PC for mining eth the other day.

64-bit Win10.

You'll want to start by getting geth running

https://build.ethdev.com/builds/Windows%20Go%20master%20branch/Geth-Win64-latest.zip

Using geth you can download the blockchain and create a wallet.

Once you have a wallet

Go here and grab the windows installer https://github.com/ethereum/webthree-umbrella/releases
You'll also likely need this: http://www.microsoft.com/en-US/download/details.aspx?id=40784

Once its done you have to find the folder with ethminer in it.

Then choose your favorite pool (look at the ethereum forums) and follow their instructions for proper settings.
hero member
Activity: 770
Merit: 500
Forza Roma
January 21, 2016, 07:36:34 AM
#25
With the current price going up, i would make sense it's profitable again.
I do encounter set up issues so I did not proceed with it.
sr. member
Activity: 325
Merit: 250
January 21, 2016, 06:10:46 AM
#24
I have not been able to do the set up properly, so I can imagine that those that do are probably making a decent profit, of course ethereums real value will be determined when fully functional. I was going to buy some cloud mining power on genesis to mine ether but the numbers just didnt quite add up better off just buying more ether and holding it.
full member
Activity: 195
Merit: 104
January 20, 2016, 06:30:02 AM
#23
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.

its kinda complicated setting the Ethereum mining up. I lost a lot of time stting my rig up. But I couldn't do it anyway since the rig had a W7 32.
Now I need to instal the 64 and try again.

You also need 4GB memory at least. The speed of the memory does not matter. The hash rate has dropped a lot since the beginning as the DAG file size has increased.
legendary
Activity: 1596
Merit: 1027
January 19, 2016, 11:25:42 PM
#22
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.

its kinda complicated setting the Ethereum mining up. I lost a lot of time stting my rig up. But I couldn't do it anyway since the rig had a W7 32.
Now I need to instal the 64 and try again.
hero member
Activity: 1106
Merit: 521
January 16, 2016, 04:08:25 PM
#21
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.

Its pretty easy to be honest and there is a really good article at https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
newbie
Activity: 47
Merit: 0
January 15, 2016, 04:34:45 AM
#20
Considering certain factors, you can decide to mine ethereum or not. Ethereum is being hugely traded on different exchanges. The value may rise soon. However prediction is just for prediction only. It will not be related to mining.

The factors you may think about is
1. Electricity cost, if you're going with free electricity or solar like energy systems, you can save a lot of money. So it will be profitable.
2. Difficulty and your hardware means your rigs capacity. If you have a farm of rigs, you can beat the difficulty and make much more coins.
newbie
Activity: 57
Merit: 0
January 14, 2016, 04:20:43 AM
#19
The price of Ethereum has risen steadily recently. So the mining is more profitable now. Much better than a few months ago.
sr. member
Activity: 441
Merit: 250
January 11, 2016, 03:59:11 PM
#18
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.

If you run windows, the process is not complicated. It is similar to other altcoin mining. You just need to follow the steps.
sr. member
Activity: 343
Merit: 254
From The New World
January 11, 2016, 12:52:26 PM
#17
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
sr. member
Activity: 242
Merit: 250
January 10, 2016, 09:43:15 AM
#16
Shouldn't the Ethereum algo block or limit high intensity users so that no 1 big poweruser can take over?
Or am I wrong?

It is not the high intensity miners, it is the pools. Two pools have over 50% of total hashing power at the moment.
newbie
Activity: 19
Merit: 0
January 06, 2016, 05:12:14 PM
#15
Shouldn't the Ethereum algo block or limit high intensity users so that no 1 big poweruser can take over?
Or am I wrong?
newbie
Activity: 57
Merit: 0
December 21, 2015, 05:54:06 AM
#14
The Genesis Mining has come to the Ethereum mining. The difficulty has risen too much. It will soon be unprofitable for most people.
legendary
Activity: 1185
Merit: 1026
December 20, 2015, 02:15:04 PM
#13
very soon it will not be profitable even for cheap electricity users.

diff from 7k to 8.7k in just a few days.
sr. member
Activity: 294
Merit: 250
December 20, 2015, 12:09:49 PM
#12
If I use this guide

https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

where would I find my mined ETH coin?

cheers

If you followed it you'd have an account created within geth.

You can type "geth account list" to see your account

You can then take that account # (starting with 0x)

Then do "geth console" give it a few minutes.  Once its settled you can enter web3.eth.getBalance(account# from earlier) and it should show you what you have.
newbie
Activity: 13
Merit: 0
December 20, 2015, 05:07:58 AM
#11
You can use http://etherscan.io/ether-mining-calculator to calculate the mining profitability.
hero member
Activity: 528
Merit: 500
December 19, 2015, 10:58:25 AM
#10
If I use this guide

https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

where would I find my mined ETH coin?

cheers
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