Calculation of mining in Ethereum

1. Firstly, the cost of bitcoin mining can be divided into three parts:
1. Machine cost: the cost of purchasing mining machine
2. Power cost: the power cost consumed by machine mining
3. Auxiliary costs: personnel maintenance, network, cable consumables, heat dissipation, etc.
for a simple example, take the mining machine of ant S9, which consumes less power on the market, for example, the calculation power is 13.5T, and the power consumption is 1400W
when the mining machine runs for 24 hours: 1.4kw * 24 = 33.6 degrees
Shenma m3, which consumes more power on the market, has a calculation power of 11.5t, The power consumption is 2150w
under 24-hour operation, the power consumption of a single machine is 2.15kw * 24 = 51.6oc
which is roughly equivalent to the power consumption of energy-saving air conditioning, but the bitcoin miner needs 24-hour uninterrupted operation, the power consumption of a single machine is very large after a year's calculation, and the step price cost of household electricity is too high, When the market is not good, the income may not be enough for the electricity expenditure, so at present, mining will choose to be hosted in the mine, which can get cheap electricity and rece the cost price of mining. The price below 30% is the ideal price, which can keep the price of bitcoin falling to a low level, and there is still some income< According to the current mining difficulty of bitcoin:
BTC revenue per ton: 1th / s * 24h = 0.00007087btc
calculated by the comprehensive 12t machine computing power, the daily output is:
0.00007087t * 12t = 0.00085044btc
then the time required for a single machine to dig a BTC:
1 / 0.00085044 = 1175 days
the time required for ten mining machines to dig a BTC:
1 / 0.0085044 = 117 days
100 days In other words, according to the current difficulty, it takes about three years for a single miner to proce a bitcoin, 3.9 months for ten miners to dig a bitcoin, and 11.7 days for a hundred miners to dig a bitcoin. The cost of a single miner is about 8500, Ten are around 85000, one hundred is 850000, less than one million, and one month's income is more than two bitcoins. According to the current price of bitcoin, the price is about 120000. So, although the income of bitcoin mining is not as good as before, it is still considerable compared with other investment projects
however, these benefits do not include decting the cost of electricity charges and later maintenance of machines, so the premise of mining is to find a mine with low electricity charges. If the quantity is large, we need to find a safe, reliable and stable mine. What's more, we need cheap electricity to lower the cost price.

2.

Hello, according to my experience, 1. First set up the rack, then fix the graphics card, and then plug the CPU and fan, memory, SSD hard disk into the slot of the motherboard, and connect the power supply and motherboard power supply

I hope my suggestions can help you, thank you

3. < blockquote >

when building bitcoin, Nakamoto wants bitcoin to be a decentralized currency, not only for use and trading, but also for mining. But it backfired. With the increasing value of cryptocurrency such as bitcoin, mining has become an instry. The competition is more and more fierce, and the pursuit of mining computing power is higher and higher. Therefore, from ordinary computer mining, ASIC mining machine and GPU mining machine have evolved

the algorithm of ASIC mining machine is almost sha256, while the algorithm of GPU mining is different. For example, the algorithm of BTG is equihash, and the algorithm of BCD is optimized x13. Although it is not absolute, it can be simply considered that the currency of sha256 algorithm is generally mined by ASIC mining machine. Other algorithms are basically using GPU miner. There are also exceptions. Scrypt's Leyte coin used to be mined by GPU miner, but later scrypt's algorithm was also conquered by ASIC chips, such as ant miner L3 +, which is the ASIC miner used to dig Leyte coin

ASIC miner refers to the miner that uses ASIC chip as the core of computing power. ASIC is the abbreviation of application specific integrated circuit, which is a kind of electronic circuit (chip) specially designed for a specific purpose. Some mining machinery factories have designed ASIC chips specially for computing the sha256 algorithm of bitcoin, and the mining machinery using them is ASIC mining machinery. Because ASIC chip is only built for specific computing, its efficiency can be much higher than that of CPU. For example, the current mainstream ant miner S9 is ASIC miner, which uses 189 ASIC chips, the computing power reaches 13.5th/s, and the power consumption is only 1350W. As a comparison, the computing power of gtx1080ti, the flagship computer graphics card, will not exceed 60mh / s even if it is optimized well. The difference is tens of thousands of times

GPU miner refers to the miner that uses GPU graphics card as the core of computing power. Cryptocurrencies such as Ethereum, bitcoin and diamond use graphics algorithms, so the speed of computing with graphics card will be the highest. Compared with ASIC miner, GPU miner is more well-known, because it is a computer with enhanced graphics card configuration

the purpose of GPU miner is to make money, so we should pursue the power consumption ratio and maximum profit, so we should pay attention to the cost performance. Generally, the medium and high-end positioning graphics cards, such as AMD rx560 and rx570, have high power consumption ratio, which is a good choice for GPU miner. While flagship cards such as gtx1080ti and AMD vega64 have the strongest single card performance, they are not cost-effective in terms of price and power consumption

in addition, the ASIC miner also has some exotic procts, such as the USB miner of burning cat, which is slightly larger than the U disk, and the power consumption is only 2.25w, which is the smallest bitcoin miner at present

< / blockquote >

the above quoted digcoin.com - "Introction to mining machinery classification" has many professional terms. I hope it can help you, thank you

4. At present, most of the mainstream Ethereum mining machines in the market come from bitmainland and Jianan Yun. However, with the decline of Ethereum's price, the profits brought by mining have been very meager. Investors can choose to invest in Ethereum on the digital currency exchange. At present, the mainstream digital currency transactions in the market are all coin security, fire coin network, bitnet, etc.

5. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. The mining process of Ethereum is almost the same as that of bitcoin. For each transaction, miners can use the computer to run the unique title metadata of the block through hash function, and guess the answer repeatedly and quickly until one of them wins

many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger

Ethereum mining

although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together

how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result

if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."

on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time

miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin

in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.

6. The core component is the graphics card, which accounts for about 80% of the cost, followed by the motherboard and power supply, with high configuration. If you're digging deep in the mountains with a large mining machine. If personal computers are not enough for electricity, you can also choose crowdfunding mining machine... And now mining is generally in the place where electricity is cheaper, and the money is usually directly linked to the platform (currency exchange trading platform). Personal suggestions should be considered. After all, electricity is not enough.

7. the stone back. Now the big

8. The biggest disadvantage of Ethereum is that its quantity has been increasing. How can an item without an upper limit be used as an investment proct? As we all know, the rise in the price of a commodity is in the final analysis the quantity comparison between the supply and demand sides. The supply exceeds the demand, the price falls, the supply is less than the demand, and the price rises. The amount of bitcoin and lettercoin is fixed. The total amount of bitcoin is 21 million, and now there are more than 10 million. The rest will take another 100 years. Now the amount of Ethereum is more than 90 million, and 18 million will be generated every year. Ethereum has 250 blocks per hour, 5 coins for each block (and some transaction fees and other rewards), 24 hours a day, that is, 30000 + coins will be added every day. So there's no limit to the amount of ether

how many years can the ether coin be g
how many Ethernet coins can be proced each year? At present, five new ether coins are generated for each new block. If you dig out a block every 14 seconds, it will take 31.5 million seconds (365 x 24 x 60 x 60) a year, which means that 2.25 million blocks are g out every year
every miner has considered how long the ether coin can be g, whether I can't dig the ether coin after I buy the miner, or I can't dig the ether coin after I invest in the miner. I can tell you clearly that the ether coin can't be g up, and the official shows the quantity when it comes to the ether coin, but don't go, Ethernet currency is constantly bifurcating. Once the quantity is threatened, it will continue to bifurcate. The miners can continue to dig for new currencies from the bifurcations. For example, etc and ETF are examples. After the bifurcations, the ETH price will go up crazily. Therefore, miners need not worry about the quantity of Ethernet currency.