A guide on digging Ethereum for newbies

For many people, the idea of digging is almost no longer "salty" as before. Even more, it is reported that digging Bitcoin will...

For many people, the idea of digging is almost no longer "salty" as before. Even more, it is reported that digging Bitcoin will soon become unprofitable. In addition, computerized digging is no longer feasible even before you heard about Bitcoin - and even the graphics card was forgotten by 2013. But do not despair! There are many other digital currencies that you can still dig by utilizing the available equipment. One of them is: Ethereum.
Bitcoin: No longer for beginners?First of all, let's talk about Bitcoin: Now, to dig in BTC, you need to invest in specialized ASIC devices. Your annual return, after deducting electricity costs (0.13 cents per kWh on average and a $ 9,000 Bitcoin costing $ 9,000), will be about $ 10,220.Obviously, this is not a bad profit, especially if the price of Bitcoin continues to increase.However, many people do not have the capacity to invest in equipment. When Bitcoin was created, all you need is a personal computer and the belief that what you are exploiting will become increasingly valuable. However, if the value of Bitcoin increases, the Diff will also increase.And so, the big and small miners are gradually abandoning the exploitation that the network is becoming more and more quiet. As Diff decreases, the cost associated with the extraction will also decrease. And the digging of the coin will make a profit, and the miners will return to the network. Bitcoin is saved by Diff's ever-changing network.Why do we dig the Ether?Ether is the coding currency of the Ethereum network. Note, the Blockchain Ethereum is slightly different from Bitcoin. The Bitcoin Blockchain exists solely for the purpose of conducting financial transactions.However, Ethereum Blockchain is designed to handle more work, including:- Carry out financial transactions,- Create copyrighted copyrights and intellectual property rights,- Implementing smart contracts (business contracts executed when financial transactions take place),- Generates new tokens and new encoded currencies that businesses can use as rewards or can increase their financial value over time (many "ICOs" use the Ethereum ERC-20 token).Ethereum Blockchain is a software-based platform that businesses can use to create decentralized tools as well as corporate structures. For this reason, many businesses in the music, finance, real estate and software development industries want to join the coding currency sector are using Ethereum to build their projects.Ether is currently the second-largest capitalization currency on the market in November 2017. Businesses from almost all other sectors are considering Ethereum as not only a form of monetary currency but also is a tool for building a business.
Seems like this is a good investment?Ethereum not only shows it is a promising financial investment place, you can also dig Ethereum easily. You can still dig up the Ether with gaming PCs or, if you have better conditions, build a six-legged GPU or more with a graphics card.This is how people used to dig Bitcoins.If you invest in a large dump truck, make sure you also have a good cooling system, a stable power supply, and a good fire extinguisher, in case of an emergency.Build a digger or use a Gaming PCTo dig Ethereum, you need a PC Gaming. We recommend using a graphics card with 4GB of RAM or more, running Claymore's Miner software - available from Nanopool.com. With PCs, you can speed up your system and hashrada boosts your daily income by several. cents or 1 USD.In addition, Nanopool's DAG file is growing steadily. If your graphics card has less than 4GB of RAM, you will lose significant digging speed. If your graphics card is under 4GB, I suggest you dig another kind of coin, like Zcash. Fortunately, Zcash is also adding value this year.TechCashhouse has reviewed assembled chassis for sale on eBay, which is quite expensive. But if you do not have the expertise to build your own rig, you will have to pay extra for someone else to help you. Life is like that.You can buy parts and make yourself a dredge with much lower costs. However, the purchase of a pre-assembled excavator rig (at higher prices) can still be profitable.Both TechCashHouse and We Do Tech calculated the average income for digging Ethereum at an electrical cost of about 0.10 to 0.13 cent / KWH, a hashrate of between 17 and 22 MH / s and different power capacities. , ...It seems that digging the Ether with a Gaming PC or rig can earn about $ 3 to $ 4 a day.You can visit the CryptoCompare page and calculate the current amount that you can earn per day, per week or per month based on electrical costs and other factors specific to your computer and device.
This article does not contain any investment advice or recommendations. Every step of the way involves the risk, you should carefully study your plan before making a decision.
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High Tech Brain: A guide on digging Ethereum for newbies
A guide on digging Ethereum for newbies
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