You can head back to our homepage, or check out some great posts.I recently took my interest in cryptocurrencies to the next level by building my first ever Ethereum mining rig.It was an exceptionally rewarding and fun experience that I’d like to share.To those thinking of taking the plunge themselves, scroll down to the “Things to keep in mind” section for helpful tips on avoiding the time consuming mistakes I did.Ethereum is currently gaining an immense amount of interest for it’s contributions to the cryptocurrency / decentralization community.There’s many reasons to be excited for the future of Ethereum as-well as its coming applications.Suffice it to say, I couldn’t keep my interest bottle in any longer and decided to get involved.Ethereum will eventually be moving to a “proof of stake”1 confirmation system.No one knows for sure when this switch will happen yet.Some speculate as early as this fall while others think early next year to be more likely.Essentially this means the community will be moving completely away from what we’ve known as traditional mining.

Like ASICs, This will reduce all of our mining rigs to the status of useless—at least for Ethereum.Therefore if you’re thinking of getting into mining I’d recommend doing it quickly as your chances of making money are running out.I’m currently spending about $150 / month in electricity—$100 of that is the cost of the mining rig itself.You probably pay a different rate per kilowatt hour, but it’s important to do the math yourself to see how much overhead you’ll incur overtime.Remember to assume that you’ll be keeping it running 24 hours.In total I spent about $2800 dollars including building materials for the case.As of this writing, I’ve made back $1,084 or 38% of the total cost of investment.At this rate I’m expecting to ROI sometime in September.I wanted my rig to be as future-proof as possible.Those in the Ethereum community know that as the DAG file2 increases, our GPUs will need to have the necessary RAM to cache it.Keeping this in mind I went with 8GB cards which is probably overkill, but I figured it would help in the resell value if I ever decided to liquidate.

I also wanted to generate a decent hash rate which needed a higher-end card.bitcoin explained in spanishKeeping that in mind, if I were to build a new rig right now I would probably go with something less expensive like an R9 370 to ROI more quickly.bitcoin keygenHashrate: 155+ MH/s Revenue: $645.56 per month as of May 22th, 2016 I can’t give enough credit to the folks at gpuShack for creating ethOS.kiem bitcoin don gianAs a new miner, I didn’t want to spend hours of time setting up linux on a spare SSD potentially loosing precious mining time.jquery bitcoin apiSo I took a chance and purchased their mining software pre-installed on an SSD which they shipped to me.bitcoin 52 week chart

To give some background, ethOS is a linux based software specifically designed to mine Ethereum.where to get bitcoin hash rateIt offers a lot of valuable tools like remote monitoring, remote configuration, and very useful analytics about your rig.ron paul bitcoin is no moneyI highly recommend them.bitcoin dark mining(An example of what the remote control panel looks like within ethOS) I won’t be going into a step-by-step tutorial on how to construct the case itself.bank of america bitcoin analystIf you’re interesting in building a case like mine, head over to the BitsBeTrippin Youtube channel and follow their guide.I based my case heavily on their design and can attest to its durability and effectiveness.

Here are the two videos in particular to checkout: /watch?v=Jnp9Ka8WVpA /watch?v=D5xNrlxsCVs However I would like to share my experience of creating the case to hopefully provide some guidance to newcomers out there.The materials I used are fairly straight forward.Again, the dimensions and quantities can all be found in the videos listed above.You could construct the entire case using angled aluminum, but I found the wood was much easier to work with.Of course if it caught fire it would pose a higher risk so that’s something to keep in mind.One of the things that surprised me after I finished was how loud everything was.It wasn’t something I considered prior to building so in an attempt to reduce the noise, I put feet on the bottom with soft circle pads.This helped reduce the rattling quite significantly.Of course the main source of the noise comes from the fans on the graphic cards spinning at full speed, so be prepared for this.If you don’t want a lot of noise, look into water-cooled GPUs or do the opposite of me and keep your rig outside of your living room 🙂 I still believe Ethereum mining is profitable depending on the strategy you utilize.

There’s many variables to keep in mind like electricity cost, building materials, Ethereum price, etc so make sure to do your homework.My recommendation would be to get in as soon as you can.The mining difficulty is rising everyday and will become less profitable as the weeks pass.Building a mining rig is a long-term investment that will take time to pay off.Just be patient and have fun!Parity Technologies PresentsParityEthereum BrowserParity Technologies is proud to present our powerful new Parity Browser.Integrated directly into your Web browser, Parity is the fastest and most secure way of interacting with the Ethereum network.Parity Technologies is the creator of Parity: The worlds fastest ethereum client that integrates directly into your browser.We are a mixture of alumni from the Ethereum project and new faces - but we are dedicated to bringing the decentralised web to life.Web 3.0The New Technology ClusterWeb 3.0, a vision originally described by Gavin Wood in 2014, proposes a set of interrelated peer-to-peer technologies working together to facilitate the development of applications maximally resilient to attack, error and compromise.

Combining important aspects of cryptography, cellular systems, peer-to-peer technology and decentralised consensus architectures, Web 3.0 provides the infrastructure to build systems capable of comprehensively resisting attack from both external and internal factors.EthereumThe Brilliance of the CommonsEthereum is the world's first publicly accessible computer.Situated on the Internet, anyone may pay a small fee to its open group of maintainers in order to use it.Secured and authenticated through cryptography, it provides a unprecedented opportunity for use as the cornerstone of IoT, Internet-law, smart contracts and the next digital economy.Originally devised by Vitalik Buterin and co-designed and formalised by Parity Technologies' founder Dr. Gavin Wood, ​Ethereum has brought to the world a next generation blockchain platform.Parity Technologies has the vision, expertise and spirit to propel this technology and its offspring ​to being​ the backbone of future​ global industry and commerce.ParityOur Best-in-Class Ethereum BrowserParity is our fully-featured and integrated Ethereum browser.

It is the first in a series of planned software releases by Parity Technologies and the culmination of more than two years of lessons learnt designing and implementing blockchains by the best minds in the industry.st/Core DeveloperMaintain and create blockchain software: dealing with P2P networking, consensus algorithms, cryptography, databases, and decentralized applications can be expected.We strive to write the fastest, lightest, and safest core technology in FinTech and write lots of open-source code.We believe in giving back to the community and are looking for someone familiar with the open-source Rust ecosystem.Parity Technologies is based in Berlin and London, but remote work is possible and we are flexible on location.You should be proficient in Rust and familiar with writing low and high-level code, a functional style of programming, and have a strong knowledge of computer science.Familiarity with Ethereum, Bitcoin, and other cryptocurrencies would be a plus.Full-stack Developer/DesignersTo apply to join our fledgling Ðapp and blockchain integration team, examine this and give us (or point us to) some code that processes it into a lovely-looking web (HTML/CSS/JS) document.