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As we all know, anything involving coins cannot be separated from mining, and Ethereum does not care about mining. Therefore, in the Ethereum network, if you want to obtain Ethereum, you must also do it through mining. For those who have just entered the mining circle, For investors, before finally deciding to choose Ethereum mining to obtain Ethereum, they need to first understand whether Ethereum mining is profitable. So, how much can you earn from Ethereum mining in a month in 2020? The editor of the currency circle below will tell you how much you can earn from Ethereum mining in 2020 in a month?

 How much can you earn from Ethereum mining in a month in 2020?

The monthly income from Ethereum mining has a direct impact on the computing power of professional mining machines. The higher the computing power of the mining machine, the higher the daily income. Assuming the income of an Ethereum mining machine in a day, you can use Ethereum calculations for actual analysis. The total income of a day is subtracted from the electricity cost, and then the future income is reasonably calculated to see how long it will take to pay back the investment in the Ethereum mining machine. What can a mining machine earn in a day? How much.

Using RX580-8G-8 card graphics card mining machine for comparison: 

An RX580-8G-8 card graphics card mining machine I saw on a cloud mining platform is 1.5w, and each mining machine has a minimum computing power of 210MHS.

The electricity fee is 12 yuan per unit per day, plus a 6% management fee and platform currency rewards. Minimum purchase of ten units!

Assume that the current output per MHS computing power is 0.0001. Then 210MHS0.0001 equals 0.021 net output per unit per day! And 100.021=0.21ETH/day

In other words, the net output of ETH per day is 0.21 ETH, and we mentioned above that the management fee is 6%. Then 0.21-0.216%=0.194ETH means ten ETH units every day
The net income of the RX580-8G-8 card graphics card mining machine is approximately 0.19 Ethereum. The ETH2.0 era will take at least a few years to settle, which means that ETH
The RX580-8G-8 card graphics card mining machine can mine for at least two to three years. Calculated based on the two-year ETH income: 0.19730=140 ETH!!!

In addition to the 6,000 platform coins given to each mining machine every day, ten units equal 60,000 platform coins.

 How to mine Ethereum?

1. Preparation work

ETH mining mainly uses graphics cards to mine. A PC needs to be configured to run the mining program. The main hardware includes: graphics card, motherboard, power supply, CPU, memory, hard disk (SSD above 60G recommended), extension cable, adapter cable, etc. The graphics card determines the speed of mining, and the motherboard and power supply largely determine the stability of the mining machine.

2. Hardware preparation

Motherboard recommendation: Graphics card mining does not require a large PCIE bandwidth. A motherboard with PCI-E 1X can meet the bandwidth requirements. Generally, the motherboard has 3-5 PCI-E
1X interface, 1 PCI-E16X interface, and a large 4PIN power supply interface on the motherboard, which improves stability to a certain extent. PCI-E1X requires Taobao to purchase a 1X to 16X extension cable.

Recommended models:

 3. Wallet preparation:

Obtain a wallet address: (wallet or trading website is acceptable): imtoken, Bixin wallet, etc.

Exchanges: domestic, Chinese currency, etc.

 4. Mining settings

1. System and driver

The system is best with win7 64-bit, and the official original system is used for construction. The latest version of the driver is slower because the mining software has not been optimized. A card recommends version 15.11 driver. Make sure all graphics cards are recognized.

2. Mining software

Mining software includes ethminer and Stratum Proxy. Ethminer obtains tasks through getwork and performs mining. Stratum
Proxy converts the getwork protocol into the Stratum protocol, connects to the mining pool, and provides stable and fast getwork connections for LAN mining machines. Only one Stratum needs to be run per LAN
Proxy.

Using Stratum
Proxy will reduce packet loss and delay, and provide mining pool backup settings, increasing revenue by 10-20%. Since ETH blocks every 16 seconds and the mining software is not perfect, currently through Stratum
The rejection rate of Proxy is 4-5%, and the rejection rate of GetWork protocol is more than 10%.

First modify the payment address, disconnection alarm email, mining pool address, etc. in eth-proxy.conf; run eth-proxy.exe;

Edit wakuang.bat under the ETHminer folder,

ethminer --farm-recheck400 -G --cl-local-work 64 --cl-global-work 16384

-F http:// LAN address where the proxy (eth-proxy.exe) runs: 8080/miner number

\--farm-recheck: Software forced update task cycle. The unit is MS;

\--cl-local-work: operation bit width, can be 64, 128, 256;

\--cl-global-work: Number of graphics card computing threads;

Miner ID: only supports smaller letters and numbers. The mining pool automatically adds miners without creating a new one in the mining pool.

Then double-click wakuang.bat to start mining.

Through the above introduction, I believe everyone has an understanding of how much money can be earned from Ethereum mining in 2020. In fact, for investors who choose Ethereum mining, when mining Ethereum, they are most afraid of encountering What happened was that the currency price plummeted. Therefore, the editor of the currency circle suggested that investors should carry out hedging operations when considering starting graphics card mining to lock in profits and avoid risks. If you want to know more relevant knowledge, you can follow the currency circle. The editor of the currency circle will continue to update relevant reports in the future!