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8 best gpu for mining - which card to choose in 2021 - paybis blog

8 best gpu for mining - which card to choose in 2021 - paybis blog

Graphic cards are constantly evolving. Miners are bombarded with new hardware releases on a regular basis. Crypto-enthusiasts can often become overwhelmed with the available options of cryptocurrency mining equipment.

Where it gets interesting is that mining also generates new (crypto) coins. These are distributed as rewards to the miners that successfully verify transactions. This mechanism is called a proof-of-work.

It was Satoshi Nakamoto who first implemented PoW through the Bitcoin blockchain. The idea was that people would use the power of their CPUs to mine new coins. At the cost of their time and electricity, miners would be rewarded with new Bitcoin for their effort.

Once ASICs got introduced to the market, many people thought that GPUs would automatically go obsolete. However, that did not happen, and time showed that GPUs still have their place in the mining industry.

While some mining algorithms require high computational power, others have been programmed to be ASIC-resistant. They accomplish this by requiring a lot of memory for solving their hashes, making GPU mining still relevant today.

But even the best GPU for mining isnt good enough for Bitcoin. The original cryptocurrency uses the SHA-256 algorithm in its mining process which is notorious for its high computational power requirements.

Additionally, Bitcoins mining difficulty goes up with the number of miners competing for the rewards. Its incredible popularity has increased the difficulty, leaving only one viable option to acquire new Bitcoins: ASIC miners.

However, these specialized machines are very expensive, hard to come by and have diminishing returns due to hardware degradation. Furthermore, they are designed for solving only one algorithm, restricting you from mining different coins.

Well, you cant mine Bitcoin with a GPU directly. Instead, you can go down another road: mine alternative cryptocurrencies and exchange them for Bitcoin. This way, you will still be able to increase your Bitcoin portfolio.

Choosing the best GPU for mining is not an easy task. To help you, our list combines 3 important aspects you should be investigating: budget, performance, and running costs. At the same time, we talk about some crucial points you should consider like availability, single or multiple GPU systems, regional electricity pricings, etc.

This is Nvidias flagship graphics processor. It was released in late 2018 and is still one of the most powerful graphic cards out there today. This shows how Nvidia dominates the market when it comes to sheer performance.

However, the mining performance is nothing to frown upon, as calculators set it as one of the best GPU for mining. For those that dont have space for more than 1 card, this might be their optimal choice, albeit expensive.

AMD has been lagging in the GPU department, but their new lineup has a few cards up its sleeve (pun intended). The 5700XT was launched in late 2019 and has come to play toe to toe with Nvidias best models.

This puts in a sweet spot, as people can buy two of these cards instead of a single 2080ti. For those residing in locations where electricity is cheap, they can double their mining performance without breaking the bank.

However, this card has been around for a few years now and there are a lot of offers for it on the second-hand market. Weve seen the 1080ti on eBay for $300-350 which puts it at an almost-budget level.

While its raw power has fallen behind, you can find a bunch of these cards on eBay for under $100. This would allow you to build a multiple-GPU rig for cheap that would easily surpass newer cards for less money.

The GTX 1070 was a close second in popularity after the AMD RX580 during the 2017 cryptocurrency bull run. It offers above-average mining capabilities and is still widely available in some parts of the world.

With the popularity of mining slowly decreasing, you can find droves of these cards second hand, sometimes even under $200. We do not recommend buying one new, as more powerful and more affordable cards are available today for the same price.

Its difficult to single out one card as being the best GPU for mining overall. There are a lot of parameters to consider. Some, like electricity cost and GPU availability, will depend on the region you are situated in.

If you are serious about your GPU mining, our advice is to often check what coins are the most profitable. The GPU mining scene is ever-changing, but there are a few cryptocurrencies that have proven to provide good value over time.

Monero (XMR) is a cryptocurrency with a focus on private transactions. Unlike Bitcoin and Ethereum blockchains, transactions cant be traced on the Monero Blockchain. While anyone can use the network, the source, amount and destination remain private.

Bitcoin Gold is a hard fork from the original cryptocurrency that was designed specifically to be ASIC-resistant. One of the main reasons for its creation was to democratize mining and make it accessible to enthusiasts that want to build their own machines with GPUs.

Hopefully, this guide will give you the necessary info when choosing your GPU. The latest Nvidia mining GPU are great performers and if you are looking for new gear, you cant go wrong with a rig built around the GTX 1660 SUPER.

the best litecoin mining hardware for 2021 | mining litecoin ltc

the best litecoin mining hardware for 2021 | mining litecoin ltc

Before you get excited about your mining rewards though, its important to store it somewhere safe. While there are many wallets out there, Exodus might be a good option when it comes to keeping your LTC safe. Features like these make it a community favorite:

If you live somewhere with especially cheap electricity then Litecoin mining could definitely be worth it. Electricity costs are one of the main reasons why so much mining happens in China, where there is an abundance of cheap hydropower.

Another reason that mining Litecoin could be worth it is if you have access to cheap mining rigs. Its important to factor in equipment costs since mining gear becomes outdated and inefficient so quickly.

There are three different types of Litecoin miners to choose from: CPUs, GPUs and ASICs. ASICs are the most efficient miners so well start with one of the most popular Litecoin ASICs of all time: the Antminer L3++.

Although the L3++ is now two years old its still a good option for anyone just getting into Litecoin mining. A new model costs about $300 making it a good beginner purchase. The L3++ can perform 580 MH/s with an average power draw of about 1,200 Watts.

While its possible to buy a used L3++ for about half the price, you should be wary of doing so. Used ASIC miners have a high tendency to fail, and sellers are not always willing to replace the defective unit.

Another option is to go with something more modern like the FutureBit Apollo LTC Pod. The LTC Pod is capable of about 120 MH/s and costs $499 on Amazon (although prices for cryptocurrency mining rigs are always dropping).

Firstly, the LTC Pod has a maximum power draw of 200 watts. Compare that to the power draw of 1,200 watts for the L3++. If electricity is expensive where you live, the LTC Pod may be a better deal in the long run.

Secondly, the LTC Pod is quiet and doesnt generate a lot of heat like a traditional ASIC. You can actually run it in your office or living room, something you cant do with an ASIC that makes as much noise as a hairdryer.

While the Moonlander can only mine with 3 to 5 MH/s, its price tag of $65 (free shipping on Amazon) is very attractive, the perfect option if you just want to experiment with LTC mining before buying a more powerful miner.

As we can see from the charts, the first time the Litecoin hashrate really gained traction was in mid-2017. The current hashrate is about 241 TH/s, still well below its peak of about 500 TH/s, which happened during the leadup to the LTC halving, when the creation rate of LTC gets cut in half every few years.

Another option is the LitecoinPool which is one of the oldest Litecoin mining pools, having been founded in 2011. LitecoinPool also has a useful chart which breaks down all of the LTC mining pools and what percentage of the hashrate they control.

When choosing a mining pool you should consider at least two factors, how long its been active and what the fee is. The longer the pool has been around the more reliable it is. And the lower the fee, the more of the profits youll keep for yourself.

Before you commit to buying some ASICs and setting up a mining operation, its a good idea to find out what your estimated profitability could be. A mining calculator will allow you to plug in your electricity costs, the power usage of your mining devices as well as the LTC price that youll sell at.

There are a couple of different Litecoin mining calculators. In general, most calculators return a similar result, but you still may want to check several of them just to make sure. Here is the CryptoCompare mining calculator, as well as the Litecoin Pool calculator.

Litecoin might not be the newest, most groundbreaking cryptocurrency project but it has something really powerful going for it: a long history. In an ecosystem where projects fail or get hacked all the time, Litecoins long record speaks volumes about how reliable it is.

Mining Litecoin is a great way to get involved with the project, earn some income and also secure the network. Hopefully this article on the best litecoin mining hardware has given you all the information that you need to get started!

what is underground mining? (with pictures)

what is underground mining? (with pictures)

Underground mining is a technique used to access ores and valuable minerals in the ground by digging into the ground to extract them. This is in contrast with techniques like open pit mining, in which the surface layers of ground are scooped away to access deposits, or mountaintop removal, in which the top of a mountain is simply shaved off to access the ore inside. When people think of mining, they often visualize underground mining, and many people think of coal mines in particular, although numerous products can be mined underground, with some of the deepest mines in the world being used to access deposits of gold.

Companies opt to use underground mining when deposits of ore are so buried that surface mining is not an option. This requires a lot of logistics to be safe, even with the highly mechanized nature of modern underground mining. Especially with soft ores, much of the work is done by machine, not people, but it's still important to avoid subsidence above the mine, collapses in the mine, explosions, and an assortment of other health and safety risks.

The first step in underground mining is development mining, in which shafts are dug into the site to make the ore accessible. During this phase, along with shafts, things like electricity are installed, along with lifts and shoring to support the walls of the mine so that it will not collapse. Once the mine is developed, active production mining can begin, with the ore being extracted by hand, by machine, or with a mixture of the two.

In shaft mining, a shaft is dug straight down into the Earth to access buried deposits. People get in and out of the mine through lifts in the shaft, and additional shafts may be dug to create emergency exits and deal with ventilation needs. In slope mining, a sloping shaft is dug so that people access the mine by moving down an incline. Motorized equipment is usually used so that people can get into and out of the mine quickly.

One major need with underground mining is ventilation. Ventilation is necessary to remove dust, byproducts of combustion, and byproducts of explosions, along with gases which may be trapped in pockets inside the Earth. Proper support to prevent collapses is also rather important, as are redundant safety systems including alarms for workers, evacuation shafts, emergency lighting, and so forth.

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a InfoBloom researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a InfoBloom researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Awesome! But I would also like to know what minerals are mined using underground mining- that info would be useful since I couldn't find it on any other site. (Please ignore comment if you have included that and it just me who hasn't seen it).

Interesting, but have you considered the subatomic biosphere patterns of the newest phase of Uraninite development? This development is called situ leaching, and is far more advanced than this seemingly primitive matter of underground mining. Uranium is key to future energy fueling. Thank you

3 best litecoin (ltc) mining hardware

3 best litecoin (ltc) mining hardware

Mining of Litecoin (LTC) is a process of sent transaction verification and the networks operability with the help of special computing equipment support. Litecoin mining is based on the Scrypt algorithm. ASIC miners act as the most efficient equipment. So lets find out what is the most profitable miner for Litecoin (LTC) cryptocurrency mining.

After the appearance of Litecoin, many blamed it for the lack of differences from Bitcoin. However, the Litecoin team improved Litecoin and made it different. The total issue of Litecoin (LTC) is 84 million coins. This is four times that of BTC.

Unlike Bitcoin, the Litecoin blockchain is designed for large volumes of transactions. Blocks in the network are generated faster, which means that operations are faster. At the same time, the Scrypt algorithm is responsible for the complexity, which adapts to the computing power involved in the mining process.

Scrypt is simpler than SHA-256. At the same time, this algorithm requires more memory due to the massive amount of arithmetic calculations. This makes ASIC for mining Litecoin more expensive than for Bitcoin.

The emergence of ASIC miners, which have high performance compared to the CPU and GPU, almost killed LTC mining. However, there are still enthusiasts who are collecting farms on video cards. If you do not take into account the purchase of ASIC, then this is the only way to make money on mining Litecoin.

The block mining time in the Litecoin network is 2.5 minutes, which is four times faster than in Bitcoin. Initially, a reward for miners to find a new block was 50 LTC. Then it changed to 25 LTC. It halves every 840,000 blocks.

Mining Litecoin, like any other coin, begins with the purchase of equipment and calculation of potential profit. After that, you just need to install the software and select a pool for mining. Further processes take place automatically. You can calculate the profitability of your mining process in any Litecoin mining calculator. Only powerful video cards from six pieces will make mining profitable.

The most efficient and popular cryptocurrency mining devices are ASIC devices. They were designed specifically for this purpose. ASICs typically come with mining software pre-installed on the integrated controller and require virtually no configuration.

Each ASIC device is designed to support one specific algorithm and allows you to mine only coins that use this algorithm. To mine Litecoin, you must use a device that works with the Scrypt algorithm. When choosing an ASIC, you should also pay attention to hashrate efficiency and energy consumption.

However, there are more cons when it comes to mining Litecoin. All tuning is done independently and requires accuracy. The design is too large, consumes a lot of electricity, and the assembly cost will be expensive.

The advantages of mining with ASICs are a relatively low price at higher power. Also, ASIC does not take up much space. Since the setting is done at the factory, you can only get the cryptocurrency under which the device is set.

When choosing between a GPU farm and an ASIC, the cost of electricity plays a big role in your income. For example, in the case of a farm of 10 Nvidia GeForce GTX 1080 Ti, the approximate monthly energy consumption will be 2.1 MWh, while ASIC this figure is about one and a half times less.

The first version of ANTminer L3 ASIC appeared on the market in early 2017. It made a good impression due to its technical characteristics. With an electricity consumption of around 0.4 kW/h, it allowed you to mine cryptocurrencies using the Scrypt algorithm at a speed of up to 250-255 MH/s.

However, with the increasing complexity of mining, Litecoin TH miners gradually became outdated, and consumers did not receive the payback promised by the manufacturer. So, the company launched the following modification of the ASIC miner L3+ on the market.

The improved version received twice as much productivity 504 MH/s. The reason for the improvement in performance was the use of four standard ANTminer L3 boards. Due to this, noise from the cooling system, size, and power consumption increased.

In October 2017, the manufacturer Bitmain pleased mining lovers with another modification of the same name. The difference in the version was the overclocked chip, which increased the hashrate to 600 MH/s with an increase in consumption of ANTminer L3 by only 50 watts. Model noise increased to 75 dB.

The features of the RX 580 for miners look attractive. The high core frequency that the card possesses will help to get good values in certain algorithms. The standard frequency of the chip is 1257 MHz, and in turbo mode 1340 MHz. The memory frequency is 1750 MHz. The Polaris architecture will allow you to achieve a 20% increase in performance by updating drivers and increasing frequencies.

The default settings of the video card will not be able to produce large values. Initially, by connecting the RX 580 with factory parameters, you can get no more than 25 Mh/s during mining. To open the potential and increase the speed of mining, it is necessary not only to overclock the processor and memory but also flash the BIOS.

The base frequency of the GPU is increased to 1595 MHz instead of the recommended 1506 MHz. Accordingly, the average acceleration value is also increased, which in this case is 1809 MHz, instead of 1709 MHz.

In 2020, there is almost no room for Litecoin (LTC) mining farms on the GPU. The dominant position is still held by the ASIC. A large number of ASICs have already been discontinued, but you can buy used ones.

Even the most powerful farms on the latest graphics cards are inferior in performance to ASICs. Therefore, choosing a coin for mining, and having a good GPU, it is worth taking a closer look at the mining of other tokens. This will be more beneficial than with Litecoin. To take everything into consideration, we do not recommend to mine Litecoin because there are many coins with lower difficulty and more profit.

women in mining bare teeth at akufo-addo over burning of mining equipment

women in mining bare teeth at akufo-addo over burning of mining equipment

The women group, who accused the government of using the military to intimidate legal small-scale miners, called on the Environmental Protection Agency and the Minerals Commission who have the factual information on their activities to intervene.

They said the clampdown has affected them financially, physically and emotionally and it is gradually increasing social vices in mining communities as members are now seeking other means to fend for themselves and their families.

massive 70 mw bitcoin mining rig shipped to russia mining bitcoin news

massive 70 mw bitcoin mining rig shipped to russia mining bitcoin news

According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power capacity of 70 megawatts. The media outlets estimations show that the hardware shipped from Asia is worth approx. between $40 million and $60 million.

Citing Igor Runets, CEO and founder of Bitriver data center, says that the delivery took place at the end of 2020, specifically in December. Right after the shipping, the data centers staff installed the rigs to mine bitcoin (BTC).

Runets also added that they deployed a separate hangar in Bratsk, in the same region, which will act as a tier-III level data center to provide very high safety to the rest of the batch. The ASIC-based equipment brands acquired include Bitmain, Whatsminer, Innosilicon, and Avalon, said the Bitriver data centers CEO.

Artyom Eremin, the head of Chilkoot one of the official distributors of crypto mining equipment in Russia said the costs of the recent Bitrivers acquisition could reach $50 million. However, he estimated using last years price before the surge of bitcoins quote across markets.

Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in ... read more.

Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Teslas Elon Musk tweeted about baby doge and almost immediately after ... read more.

cryptomineshop.com - cryptocurrency mining equipment distributor

cryptomineshop.com - cryptocurrency mining equipment distributor

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4k arandis town video of mining equipmen... | stock video | pond5

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msha typical surface mining equipment video - convergence training

msha typical surface mining equipment video - convergence training

Get Convergence courses into your current LMS to track and report employee training. Or contact us to learn more about the advantages of licensing our courses with the Convergence LMS.

The full course is 23 minutes long and available in a number of affordable formats.

Mining operations require the use of many different types of equipment and structures. This course discusses the most common types of mobile and stationary equipment used in the mining industry, such as dozers, dredges, backhoes, and shovels, as well as haulage and human transport vehicles. Information on stationary equipment, such as conveyor systems, generators, bins, hoppers, feeders, crushers, screens, and classifiers is also provided. This course also briefly describes commonly used buildings and structures, such as maintenance shops, truck scales, and equipment washing facilities.

What is a bulldozer? Bulldozers, often referred to as "dozers," are track-mounted vehicles equipped with a wide, vertical front pusher blade that can be raised or lowered by hydraulic or cable controls.

What are dredges? Dredges are a type of excavation equipment used to remove material from underwater. They can be land-based or barge- mounted and may employ powerful suction or physical digging methods to bring material to the surface for removal or processing.

What are draglines? Draglines are a type of excavation equipment which casts a heavy cable-hung bucket outward from a crane-like boom and drags the bucket toward itself to remove and dump large amounts of overburden, load ore, and manage stockpiles.

What are cranes? Although some cranes can be stationary, many are mobile units that may be tire, track or truck-mounted. Cranes typically lift, place, and transport heavy items such as equipment, building materials, and mined material.

What are conveyors? With the exception of specialized screw-type mechanisms, conveyors are powerful, motor-driven belt systems which can operate continuously to efficiently move large volumes of material to sorting, processing, stockpiling, or refuse areas.

What are feeders, bins, and hoppers? Feeders, bins, and hoppers are various types of open-topped containers which supply material to belt or screw conveyors for a range of processing and sorting operations.

What are crushers and screens? Often working in conjunction with each other, crushers and screens are equipment which resize and sort material. Cone or jaw crushers are used to reduce raw mined material to useable sizes and liberate valuable material from waste products while screens typically serve to sort material by size for possible further processing.

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