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Five Best Ethereum Mining Rigs For 2018

  • George Shnurenko
    ⭐ Features

    If you want to start mining ETH, a usual PC won’t be enough– find the best rig for Ethereum mining


Five Best Ethereum Mining Rigs For 2018
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Just like any altcoin, Ethereum is becoming harder and harder to mine – now you can’t get the precious coins by simply running software on your smartphone or laptop. If you want to play big, you need the best mining rig – Ethereum cannot be obtained otherwise. To help you make an informed decision, we’ve prepared an instruction on how to build the best Ethereum mining rig, and the list of best hardware solutions.

Let’s start with reviews of the best five GPUs.

1.AMD Radeon RX Vega 64 

Although it appeared on the shelves recently, many users claim it’s a suitable solution the best rig for mining Ethereum. You can mine Ethereum 33 MH/s consuming about 200 watts, and the hash rate can reach 41 MH/s while you’re using 135 watts only. You can upgrade your mining rig with 4-6 GPUs like that and become a real monster of mining!


2.Nvidia GTX 1070  

The vast majority of GPUs consume at least 110-180 watts, but if you need the best budget Ethereum mining rig, select Nvidia GTX 1070 – it can save a lot of electricity. This device can reach the hash rate of 30Mh/s requiring only 100 watts. It’s way more powerful that the vast majority of AMD solutions present on the market today.

3.Radeon R9 295X2

To outperform competitors and create the best mining rig for Ethereum, you need a truly powerful GPU. This is what Radeon R9 295X2 is about: it gives you the highest hash rate of 46 MH/sec and the total return per year will be about $580– that covers the market price of $600 almost fully. Although Radeon R9 295X2 is pretty expensive, it’s the best hardware for mining Ethereum, and your investments will be compensated with the time being.

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4.Radeon R9 HD 7990

It used to be among solutions for the best Ethereum mining rig 2017, but now it’s a bit overpriced. Radeon R9 HD 7990 will cost you $680 and provide you with a hash rate of 36 MH/s– not the best quality/price ratio, isn’t it? However, if you simply need a reliable and long-lasting GPU, you can go with Radeon R9 HD 7990.

5.Radeon RX 480

A non-expensive and best hardware for Ethereum mining? Yes, such options still exist. Try Radeon RX 480– it’s the most economical solution from the point of energy saving. Although it has a hash rate of 25 MH/s, you can combine six GPUs for excellent efficiency and forget about unbearably high electricity bills.

Bonus: Gigabyte GeForce GTX 1070

If we were to name six best Ethereum mining rig solutions, we would include Gigabyte GeForce GTX 1070 in this list. With an average power consumption of 225 watts, it reaches a very high hashrate without heating up seriously. To make best Ethereum mining rig, build a system of three to six such GPUs, and you’ll enjoy a successful mining – even without optimization, this card does its best.

Comparison table

To create a cost-efficient Ethereum mining rig, build best value hardware components together. With this comparison table, you’ll be able to figure out what’s the best Ethereum mining hardware for you.

GPU

Hash Rate

Power Consumption

Radeon RX Vega 56

31 MH/s

190 watts

Radeon Rx 480

24 MH/s

170 watts

Radeon Rx 570

22 MH/s

125 watts

Geforce GTX 1060

20 MH/s

110 watts

Radeon Rx 580

25 MH/s

175 watts

Geforce GTX 1070

27 MH/s

200 watts

Radeon Rx 470

21 MH/s

120 watts

Radeon R9 290x

28 MH/s

280 watts

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What else?

Those who strive to create the best Ethereum mining rig should combine the best hardware components. As soon as you get a frame for the rig (you can get the best six GPU mining rig case for Ethereum on forums – there are lots of great handmade frames tailored to that), you need to buy the following:

  • Don’t spare money on RAM, if you want the best Ethereum mining rig– get at least 8GB.

  • Motherboard with as many PCIe inputs as you need.

  • Riser cable for every GPU.

  • Power supply (the capacity should be calculated according to GPUs you select).

  • Fans for cooling.

  • Internet connection cables.

Fixing it all together isn’t as hard as building the best Ethereum mining 100 GPU rig – it’s not a farm. You just need to fix the motherboard and GPUs with riser cables first, then connect power and install fans. Don’t forget that you’ll need a computer to set the things up. With the best hardware mining, Ethereum becomes a simple and problem-free task.

Final thoughts

Building the best mining rig for Ethereum 2018 has become a bit harder than in the previous year – the requirements are harsher, and getting the coins is a more challenging task. However, if you find optimal hardware and optimize it for better performance, your investments will certainly pay off.

Cover image via u.today
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Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?

  • Yuri Molchan
    ⭐ Features

    Stablecoins show hardly any volatility compared to Bitcoin and altcoins, many are hoping that they will be able to bridge new crypto economy and regular fiat money


Question of the Day: Can Stablecoins Accelerate Cryptocurrency Adoption?
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Bitcoin, the father cryptocurrency, emerged in hope that it will remove all intermediaries in electronic commerce that cut off their share of payments. BTC was perceived as a P2P way to replace fiat cash in an electronic format, which would enable one party to pay another without any financial institution or payment platform which would demand its share of a transaction as a reward for its services.

What is wrong with Bitcoin

For quite a while Bitcoin was performing the way the crypto community expected. But the situation changed later – BTC rate became weaker, thus bringing down its financial and economic reliability, when it gets to be used as a regular means of payment.


You cannot have a currency that would cost like a British castle today, a gram of gold – tomorrow and a pack of French fries the day after.

At that point practical fintech minds came up with an idea of creating something which would become a breakthrough in the universe of crypto – a so-called stablecoin.

Will stablecoins solve the volatility problem?

Technically, stablecoins are protected from the volatility roller-coaster that Bitcoin and other cryptos love to ride. They are programmed to keep their prices stable and investors now are largely attracted to this new type of digital assets.

Stablecoin does not show any volatility in its monetary value, since it has a fixed connection to an asset it is pegged to. The major goal of using stablecoins is taking the best from decentralized crypto coins and combining it with a constant value. Thanks to it, stablecoins can be used as a reliable means of trade.

Asset-pegged stablecoins

Asset-backed ones get their value from an asset as can be understood from the name. An asset provides the necessary value to a coin, as well as the necessary legitimacy.

A great example of an asset-pegged stablecoin is Tether (USDT). In spite of a series of scandals at the end of last year, it remains the most popular stablecoin in the crypto market.

Recently, it has partnered with the Tron Foundation to launch a Tron-based stablecoin.

Other examples are TrueUSD (TUSD), USD Coin (USDC), the Gemini Dollar (GUSD), and the Paxos Standard (PAX). They are all pegged to the USD.

Crypto-backed stablecoins

Some digital coins work in a similar way to fiat-backed ones, however, they are pegged to collateral crypto. That means that crypto assets that ensure the value of such stablecoins are stored in a wallet similar to escrow.

A good example of a crypto-pegged token is Maker, which is ranked 16 on CMC.

Algorithmic stablecoins

Even though, stablecoin can be interesting at first thought but the way they are built goes against the principle of decentralization that crypto coins have as a foundation. Thus, many crypto fans and evangelists are positive that stablecoins must be linked towards not a centralized asset but a computer algorithm which takes value from a balance between supply and demand.

Basis is now considered the most promising algorithmic stablecoin of all.

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Can stablecoin ensure smooth future for the crypto industry?

The primary goal of all crypto assets was and remains to come up with virtual asset that would be liquid enough and not vulnerable to market volatility. From this point of view, stablecoins are a dream of all crypto fans and evangelists of a decentralized economy.

Apart from the potential to conduct crypto transactions smoothly, experts believe it can bridge the two worlds – fiat and crypto, bringing them a mutually beneficial coexistence. However, that may take time.

Cover image via u.today
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