Archive for the ‘Crypto Coins’ Category

decred-dcr-mining-calculator

Mining calculators help miners to easily calculate what will be the profit with their available hashrate for a given period taking into account thing such as network difficulty and price of a given crypto coin. There is an easy to use and simple Decred mining calculator available that can give you an idea on how much coins you can expect to mine in a day, month and year with your hashrate. It can be quite helpful for people mining with GPUs to consider what currency is more profitable to mine at the moment and how much they may be able to earn mining Decred. Most people are well aware that at the moment Ethereum (ETH) is probably the most profitable to mine with GPUs, however Decred is not that far behind and you can easily compare your expected profit with Decred if you are currently mining Ethereum.

There are some GPUs that do not meet the minimum requirements that Ethereum has such as the availability of at least 2 GB of video memory, or the performance may not be very good for mining ETH with the specific video card. Such is the case with Nvidia GeForce GTX 750 Ti, a popular lower-end Nvidia-bssed GPU for mining that does not do very well with Ethereum, but can do quite good with Decred as a good alternative. So our advice is to give Decred a go, especially if you have some GPUs that are not OK for Ethereum mining for various reasons. Do note however that Decred is heavier on GPU and has a higher power usage compared to Ethereum, so the power cost is also a bit higher.

In the example screenshot above we see that a single GTX 970 GPU doing around 1300 MHS mining Decred should give you around 1.87 DCR per day or about $4.6189 USD equivalent with the current conditions. For the sake of comparison running the numbers through an Ethereum mining calculator for that same GTX 970 GPU we get 0.476424 ETH or about $5.13 USD per day, so the difference in terms of profitability is not that big as we have already explained.

To check your expected DCR mining profit with the Decred Mining Calculator…

decred-java-gui-wallet

While the work on an official Decred GUI wallet is still going on we are getting interesting new unofficial alternatives popping up, after the release of the DecredJWallet now we have another Java=based GUI wallet for Decred (DCR) available. The new GUI wallet (source) looks quite nice in terms of interface and offers a bit of extra functionality as compared to DecredJWallet, but do note that both are still in beta and there could still be some bugs needing to be fixed. Still, the GUI wallets for Decred are making things much easier especially for novice users that are not very fond of using console commands. We know all too well that in order for a crypto currency to be successful it needs to be widespread and easy to be used by as many users and relying only on console clients is certainly not the best thing. But then again it also takes some time for things to be developed, especially when you are not just cloning an existing codebase, but are developing something new as is the case with Decred (DCR).

To download and try the latest release of the new Java-based Decred GUI wallet…

ethereum-logo

Things have been quite crazy for Ethereum (ETH) the last days, so if you haven’t been paying much attention to Ethereum, then now you might want to get up to speed. Ethereum’s Ether (ETH) coins are mined with GPUs only and you can mine them with both AMD and Nvidia-based video cards that have at least 2 GB of video memory. CPU mining is also possible, but pointless since the hashrate you will be getting is way to little to be worth anything. At launch a few months ago Ethereum did not have an official GUI wallet, but now you have one in beta that can make things easier for not so advanced users to operate with their coins. Below you can find a list of updated resources to get you started if Ethereum is still a new altcoin for you.

Ethereum Mining:
Quick Guide on How to Mine Ethereum on Windows with geth…
Quick Guide on Solo GPU Mining Ethereum on Windows with geth…
Ethereum ETH mining on Ethpool with a Stratum-enabled qtminer…
Getting Started with Ethereum Using cpp-ethereum…
List of the major Ethereoum Ether coin mining pools…

Ethereum Additional Information:
Exchanges where you can buy and trade Ethereum’s Ether (ETH) Coins…
Track Ethereum (ETH) prices at top echanges with Ethereum Wisdom…
Useful Blockchain explorers for the Ethereum Network…
How to Backup your Ethereum Wallet and the Blockchain…

Ethereum Extra Software:
Download the latest official Ethereum GUI wallet…
AlethOne desktop GUI and client for mining ETH (single GPU)…
Ethereum Solo Mining Proxy for larger mining farms…

Other Ethereum resources:
1 Year Ethereum (ETH) cloud mining contracts available from Genesis Mining…
Active Ethereum Faucet giving away free ETH coins…
Another Ethereum (ETH) Faucet giving away free ETH coins to users…
Ethereum GPU Mining Profitability Calculator…
List of other Ethereum forked altcoins…


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