Ethereum Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 0 down vote favorite What is current payout of ether mining compared by bitcoin mining in terms of usd per unit of electricity/time?Can hardware designed for bitcoin can be used for ether with same efficiency?I ask this in particular due to bitcoin halfing of 25 USD per block which as I understand is due to happen in nearest future to estimate if significant mining resources will be moved from bitcoin to ether mining.mining up vote 2 down vote Hardware designed for bitcoin can't be used for Ethereum due it's "memory hardness" property, created by the DAG.This is intended, as ASICS are seen as a centralization force in Bitcoin.Mining Ethereum currently is not profitable if you have to buy new equipment, many persons including me think.There are some mining calculators on the interwebs you can try out.

up vote 1 down vote What is current payout of ether mining compared by bitcoin mining in terms of usd per unit of electricity/time?See these previous threads: How do I determine if mining Ether is going to be a viable (profitable) endeavor?ethereum ingIs CPU mining even worth the Ether?bitcoin next halving dayCan hardware designed for bitcoin can be used for ether with same efficiency?bitcoin mining hardware gh/sI ask this in particular due to bitcoin halfing of 25 USD per block which as I understand is due to happen in nearest future to estimate...The Bitcoin halving happened 2 days ago (as of the time of your post).At the time of this answer, the price is 5% lower than before the halving (which is neither here nor there, given its volatility).

...if significant mining resources will be moved from bitcoin to ether mining.Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.Not the answer you're looking for?Browse other questions tagged mining or ask your own question.Price: BTC/USD BTC/EUR 2-Step Verification Cancel Enter the verification code generated by your mobile application.Sign In I can't access my account Mining Calculator 1 THS maintenance = $ 0.33 per day How does the recent changes affect you.Learn more from our BlogThere are ways to profit with bitcoin mining.Ways to earn from bitcoin mining typically involve upfront investment of mining hardware.Raw mining earnings are calculated by mining power of your bitcoin mining hardware, measured in hashes per second, and the current difficulty and block reward of the bitcoin network.

Most modern hardware measures its power in TH/S (trillion hashes per second) please note that bitcoin mining is not a get rich quick scheme.This article will discuss the factors affecting profit, best process to follow to make a profit if it’s possible with your power costs, limitations on small scale operations, how to secure your earnings from theft/loss, alternative mining options, and prospects of making a profit.This is a moderate risk investment and many factors which will be discussed in this article must be considered.First, you need to evaluate your current electricity cost, before anything else.This is typically measured per kWh.This is how much it costs a 1,000-watt device to run every hour.Second, you need to look at mining hardware options but do not purchase yet.Unless your electricity is free, you will not profit with anything lower than an Antminer S7, but even that is limited in profit.The Antminer S9 is the latest hardware, costing around $2000 USD and mines on average at 12 TH/s.

It consumes around 1,300 watts of power.So evaluate your upfront cost, including any import duty of your country.If you are in a hot climate, you can reduce the miner’s hash rate which reduces power consumption, but also reduces earnings.Most hardware cost does not include a power supply with high quality cables, this is required.Third, you need to evaluate the current bitcoin price, the price of hardware is adjusted for this.Fourth, you want to enter your hardware and electricity cost into a bitcoin mining calculator.Typically, with an electricity cost of $0.10 per kWh at the current exchange rate of $590 per bitcoin as of writing and $2000 upfront hardware cost, monthly profit is $153 USD, with $1866 after a year.This is at 12 TH/s, with a power consumption of 1300 watts, with a current difficulty of 217G.The difficulty is increasing over time though, slowly eroding your earnings every month.At those prices you are looking at over a year to break even with the best hardware.If your power is subsidized or ‘free’, you can greatly increase the profit margin.

Free power will result in a $1000 profit after a year with the same hardware based on the current data, not taking into account difficulty increases or import duties as in EU countries and other countries.Only use gold or platinum power supplies, these are more efficient in converting mains voltage into lower voltages and thus cost less to run.Fifth, once you are happy with your figures, and you are prepared to make the investment, make your investment, set up the hardware and mine!There are many limitations of small scale mining operations, which can include: 1.Limit of power draw in your home.In countries with 220/240 volt supplies such as Europe, this is often 4800 watts, but room must be made for other devices such as fridges, oven etc. This figure is half in 110/120 volt areas such as the U.S and Japan.Check your wiring and breaker ratings as your electrics may differ.NEVER ATTEMPT TO REPLACE YOUR BREAKER WITH ONE OF A HIGHER RATING WITHOUT REWIRING AND FITTING BY A QUALIFIED ELECTRICIAN!

OVERLOAD OF YOUR WIRING CAN CAUSE FIRE AND RISK OF INJURY/DEATH.IF IN DOUBT, CONSULT A QUALIFIED ELECTRICIAN!ENSURE CABLE RATINGS TO YOUR EQUIPMENT ARE RATED FOR THE LOAD YOU INTEND TO PUT THEM UNDER.ALSO, LOW QUALITY PSU CABLES NOT RATED FOR THE LOAD CAN MELT!ALWAYS FOLLOW THE MANUFACTURERS GUIDELINES FOR CABLE GUAGE.Heat production, especially in hot climates and during summer months, which can be uncomfortable at best, and in the case of serious rises in temperature can cause illness.Under clocking to reduce heat and power consumption reduces earnings but can negate this issue.Noise, especially in a small apartment this can cause noise that can become unbearable as the later gear is not quiet.Under clocking to reduce heat, and therefore fan speed and reduce the noise is recommended.Loud noise of over 90 decibels (dB) constantly can cause hearing damage in the long term with continued exposure.Power grid reliability, if in a country with unreliable power can cause lost mining time, this should be factored into profits.

How do I secure my earnings?If you are mining for profit, you will have invested large sums of money into your investment.Bitcoin is inherently secure, but the private keys for your wallet are stored on your machine if you use typical wallet software.This leaves the coins vulnerable to malware, even when your wallet is encrypted, when the password is entered the private key is loaded into memory, leaving it vulnerable to malware.A single hack if all funds are kept in a single wallet can wipe out your entire earnings/bitcoin holdings in seconds.The following precautions should be taken when mining/handling bitcoin or bitcoin hardware: There are alternative ways to profit when mining for bitcoins.They can include any of the following methods: The overall prospects of making a profit for a small scale operation is quite low in countries with a high electricity cost such as EU countries many of which also have high import duties, but a greater chance of success in countries with a cheaper power cost and lower duties, such as the U.S and China, or places with subsidized power.

If you are in a colder climate, such as the United Kingdom, Nordic countries (such as Norway or Sweden), Northern United States, Canada, Alaska, Northern Russia, Iceland, Greenland, or Korea, consider replacing your heating systems with mining hardware.This can greatly increase profits during winter months or more if it’s cold all year around.The future of bitcoin mining for profit is not a get rich quick scheme and should be carefully researched, and it only stands to get worse with the difficulty increase, unless bitcoin prices do not increase.Making a profit with bitcoin mining is possible, but a high upfront investment is needed, and there is a risk involved that is moderate.Thorough research needs to be done before investment.Keep this in mind when calculating mining profit and attempting to earn from bitcoin mining.It is no get rich quick scheme and this must be taken into account when you start mining for profit.It has the potential for reward with commitment.If you are in a colder climate, consider replacing your heating system with your hardware, this can greatly reduce or even eliminate the power cost from your equation during colder months.