For those thinking of getting into Ether mining read this

in #steemit • 8 years ago

 If you are thinking of getting into Eather mining and start building an expensive rig then dont, soon in a few months you will not be ble to mine anymore.

PoS will take over and mining will no longer be possible. PoS stands for Proof Of Stake, meaning people that hold Ether can do so called staking where they deposit their coins into a "staking vault" and receive fees for confirming transactions on the network. That works via a consensus algorithm.

My recommendation: Its too late to get into mining, instead buy Ether now with that money and you will make much more money. The required amount for staking is RUMORED to be 1500.

But if you allready have a few AMD cards laying around, then you can at least mine some Ether for now..but dont og out buy expensive equipment now. The party is already over and the only way to make money with Ether is to buy ether as an Investment and hold on to it for future gains in price. 



By: eki

#steem #ideas #tech
8 years ago in #steemit by
$16.00
  • Past Payouts $16.00
  • - Author $12.66
  • - Curators $3.34
25 votes
Reply 4
Sort:  
  • Trending
    • [-]
     8 years ago  

    these conditions are promised in these Scriptures 6 or

    [-]
     8 years ago  
    1. A MotherBoard - A motherboard is the brain of the computer and is what you build everything onto - the base of your mining rig. The main feature you are looking for in a motherboard is the number of GPU slots it has as this will determine how many graphics cards or GPU's it can fit - and in the end your total hashing power. 3 PCI Express slots will mean you can fit 3 x Radeon HD 7950 with a hashrate of 20 MH/s each - or a total hashing power of 60 MH/s. A PCI Express slot is a connection port on the motherboard and looks like the picture below - they are often coloured white but can be beige - you can get other types of slots but most GPU's work on a PCI express.
      We used the GA-Z97X-Gaming 3 which you can get here
    [-]
     8 years ago  
    1. Graphics Card - Pick your GPUs! Some graphics cards cost a fortune but don't hash much whilst some are more reasonable but use more power. Ultimately its a balance between how powerful you want your rig to be and how much you want to spend - but a word to the wise - make sure you pick an efficient GPU. You can buy second hand GPU's from reputable providers such as GPU Shack - be careful though when you buy them off a street corner as often they have problems that you won't see until you get the card home and plugged in.
      We have a list of GPU's here that you can sort through and work out what fits your budget.