$200 A Day Mining Ethereum or ETC? Jerrybanfield (73) in cryptocurrency. With the Ethereum price over $300 today and the Ethereum Classic price at $20. Ethereum Mining Contract 2 Year Large. Ethereum (ETH) Ethereum Classic (ETC) Zcash (ZEC). CryptoCompare needs a newer browser in order to work. If your business is showing a net profit, you can buy any mining gear and earn coins with it. You can defer a) a large chunk of taxes that way to later years, b) treat earned altcoins as capital gains only upon conversion to dollars, c) instead of self-employment income, d) fall into smaller tax brackets, etc, etc. Mining equipment does not immediately turn into a $0 value.

What is this? The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware.

Accounting for this changing difficulty is essential to generate long term profitability predictions. How is this value calculated? The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. Can I disable it? The diff change factor can be disabled by either manually setting it to 0 or clicking a 'Use Diff Change' switch found below the graph and in the break-even analysis section.

What is this? The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. How is this calculated? Time to break-even is calculated by comparing your hardware cost (which you must enter below) to your predicted monthly profits and seeing how long until the initial hardware cost is paid off.

The calculator also takes the changing difficulty (diff change) into account. If the network difficulty is increasing quickly, this will greatly increase your break-even time. The diff change can be excluded from the calculation by toggling the 'Use Diff Change' switch. Why is my break-even time 0 or never? If your break-even time is 0 you have likely forgotten to input your hardware cost below.

If it is never, your break-even time has been calculated to be greater than 10 years. This is likely due to a large diff change value which causes your predicted profitability to turn negative in the future. You could try lowering the diff change for a less agressive prediction or disable it altogether. What is this? The profitability chart can help you visualize your long term mining projections.

The chart can operate in one of three views: Total Profits The Total Profits view predicts what your overall profitability will be in the future. This is calculated by taking your current profits and adding them to each following months profits while factoring in the changing difficulty (diff change), the diff change factor can be disabled. This view assumes the price of the coin will stay the same. If you wish to account for a changing price (ie if you think the price will rise in the future), switch to the 'Coins Generated' view. Coins Generated This view looks at the number of coins you can expect to generate in the future. This view does not account for any expenses, it simply predicts how many coins you will generate with your given hashrate and the diff change value. A high diff change will cause you to generate fewer coins in the future.

Total Costs This view sums your power and recurring costs. It can be used to predict the total cost to operate your mine over a given period of time. What is this? Price Change allows you to factor in the changing price of the currency into your projections. You can use this to generate accurate best-case and worst-case projections for your operation. Why does Price Change default to 0?

It is impossible to predict what the price of any coin will be in the future, we leave the price predictions up to you. How does this value factor into the calculations? It depends on what Selling Profile is set to. For more details, click on the question mark beside the Selling Profile field found directly below Price Change.

What is this? Selling Profile tells the calculator how to use the Price Change value.

Price Change must be set to something other than 0 to have any effect on the profitability projections. Selling Profile has 4 different options: Sell Coins Monthly Profitability is calculated as if you were to sell all of your mined coins at the end of each month. Your profits will equal (money earned from selling) - (total expenses + hardware costs) Sell to Cover Expenses Only sell enough crypto to cover your monthly expenses. (electricity, rent, etc.) Your profits will equal (unsold crypto * predicted price) - (hardware costs) Sell a Portion Monthly Selecting this option will show the Sell Monthly field below, this is where you input what portion of crypto you would like to sell each month. For example, if you plan to sell 25% of your new crypto, enter 25 into the Sell Monthly field.

Your profits will equal (money earned from selling) + (unsold crypto * predicted price) - (total expenses + hardware costs) Never Sell Coins Select this option if you plan on holding all of your crypto. Your profits will equal (all crypto mined * predicted price) - (total expenses + hardware costs).

Ethereum Classic The Bitcoin of smart contracts Ethereum Classic is an open blockchain that all are welcome and free to use. We believe in distributed ownership. We believe that for a blockchain to succeed it must be decentralized in network, technology, community, and leadership. There is no group that can take away your right to use ETC how you choose. On many blockchains, despite their 'decentralization', a small few hold the ability to change how your contracts work and control your money. On ETC we have taken great care to distribute our blockchain stewardship such that no one group controls ETC.

Our highly decentralized ecosystem means that ETC does not have the same centralization issues of other blockchains. Website: ETC Community Forums • ETC Community Chat: • Twitter: • • Telegram: • (English) • (Russian) • (Russian) Network Status: • (Live network stats) ETC Nodes: • • (Run: $ parity --chain=classic) • (In development.

Testnet only) Block Explorers: • • • ETC Resource Sites • • • ETC Wallets: • (Web Wallet) • (Web Wallet; Choose ETC top right) • (Built in ShapeShift) (Desktop Wallet; BETA) • (Desktop Wallet; BETA) • (ETC Chrome Plugin) • • • • • (Buy & Store ETC) • (Built-in Exchange) Help the project! Getting things done in a decentralized project is all about. Ask around on for what needs to be done., or contribute to existing ones: • • • Learn: • • • • • • • • • Core Development Teams • • • Discuss: • • • • Trade ETC: • • • • • • • • • • • • • • • • • • • & ETC Mining Pools: • • • • • • • • • • • • • • & Community Guidelines: • Follow and. • Please behave in a courteous & professional manner. Inappropriate behavior includes, but is not limited to: personal attacks, threats of violence, slurs of any kind, posting a person's private info (doxxing). • Price discussion belongs to.

• Submissions mostly about another cryptocurrency should be avoided (may be posted to ). • Do not create new accounts to get around Reddit or Subreddit rules (may result in a site-wide permaban by Reddit). • No URL shorteners (use direct URL). • No duplicate posts. • No spamming, trolling, or drive-by posting.

• No misleading titles. • No referral links. • No posting addresses or soliciting money (exception: large, recognized, trustworthy charities). Note: Breaking the rules may get your post deleted and/or lead to a ban. Related Subreddits: • • • • • • •. Create a wallet.

There are a number of ways, and my way might not be best for you, but we'll go with what works best for me. If you have a better way, please suggest in comments and I'll add it. Choose a strong password that consists of at least 12 characters and contains letters, numbers and special characters like!@#$%, write this password down and save it. Click 'Generate'. After that you should see your generated wallet info.

Save everything. The JSON file in encrypted and in unencrypted format. Save your private key as well as your wallet address in a safe place.

What Is Data Mining For Decred DCR. Also save the QR codes in PDF format. Never give out your private key or JSON files. You can now receive ETC on this address, and send ETC to other wallets by logging in to, uploading your JSON file and entering your password and then clicking on the 'Send Transaction' tab. You can use this JSON file and open it up in Mist when the Ethereum Classic developers finish forking the wallet. (Don't run Mist yet, unless you know how to force it to use the ETC chain. There are a number of guides that show you how to do this) Be careful that you only go to classicetherwallet.com and not another site trying to fish your details.

ClassicEtherWallet runs client side, so they can't steal your ETC or your details. But if you're paranoid you can also use the ETC address at your Poloniex exchange account and mine straight to that. The general idea is to split up your funds into a number of wallets,and on a number of exchanges, that way if one is compromised you minimize damage. I have a rule never to keep more than $500 worth of any Cryptocurrency in one wallet. If your exchange or wallet provider is hacked, it minimizes the chance of you losing. Get Claymore Ethereum miner running Go here: Claymore now supports AMD and Nvidia cards. So extract the downloaded file and open the folder up.

Now we'll quickly make a batch file to make it easier to run each time: Open a new text document in the extracted folder and paste the following in there: EthDcrMiner64.exe -epool etc-eu1.nanopool.org:19999 -ewal 'YOURADDRESS'/'WORKERNAME'/'EMAILADDRESS' 'YOURADDRESS' is your Wallet address (from the wallet created earlier remember?) 'WORKERNAME' is a name so you can identify each system from eachother, make it anything you want. 'EMAILADDRESS' is your email. It can alert you if your mining system goes down. Do not include the quotes ' Remove them. Now save the text file you pasted all that in with your info edited and save it as a.bat extension in the same folder as EthDcrMiner64.exe.

Now you can right click the.bat file and click Send To >Rent Ethereum ETH Mining more. Desktop as a shortcut. If you've done everything as explained you should now be able to double click it and it will start mining. I suggest you update your GPU drivers to the latest and install the following tools: 3. Pool Choices My Claymore batchfile is set to mine to nanopool, but you can choose from a number of pools. You can see what you prefer by going here: This is also a valuable tool to see the mining allocation of pools (suggested by ): There are a number of features that each offers, but I prefer nanopool.

Monitoring Now if you want to monitor your mining progress, see hashrate estimates and your earnings so far, go here: (This is for nanopool if you used my settings above for the batchfile, each pool will have their own page similar to this) Then paste your wallet address in the search bar on top. It will give you your mining info and a graph of progress. To check your GPU temps open up MSI afterburner.

Its the best GPU tool out there. You can also use GPU-Z to monitor your GPU temps voltages. Suggestions If you have anything to add to this guide, please do so by commenting below and I'll add it. Join us in chat on the Ethereum Classic Discord chat I've made here: If you want to buy me a coffee or beer, do so by sending me some ETC here: 0x07A3E81101f870A50072FbD5Ff4825c759b06771 • • • • •. Well, I believe the majority of the difference would be because Ethash (the PoW algorithm used by the Ethereum protocol) is memory bound, while blake2b (PoW used by Sia) is compute-bound. That being said, in my experience, a 4MB GTX 980 should be doing significantly more Mh/s - are you dual mining ETC and SIA, or getting 4-5Mh/s even when you're only mining ETC?

I haven't used Claymore, personally, does it specifically support CUDA, or just do OpenCL on NVIDIA cards? I know genoil's Ethereum miner specifically supports CUDA, dunno if OpenCL vs CUDA is necessarily where your performance issues are coming from, though. That, or you could try. That being said, looking at the FAQ on the CUDA miner, it sounds like it might just be a Windows 10 issue: Why is my hashrate with Nvidia cards on Windows 10 so low? • The new WDDM 2.0 driver on Windows 10 uses a different way of addressing the GPU.

This is good for a lot of things, but not for ETH mining. Additionally, if you can tune the dual-mining, it might be the case that you can get 850-900Mh/s on Sia, while still getting 4-5Mh/s on ETH/ETC, but you'd probably have to play with it a bit.