How Much Can I Earn From Emercoin EMC Mining
First off you should be well aware that by Mining STEEM you are actually earning STEEM POWER and not STEEM tokens, so mining can be used as a means to increase your influence and earnings when interacting further on the steemit.com website and not as a means for getting crypto tokens that you can quickly turn to cash. If you don't know how to get started mining for STEEM, then you can find an easy that should get you started in no time.
The big question however is How Much Can You Earn By Mining STEEM? The answer unfortunately is not straightforward as you may think it is, because there are multiple factors that can influence your earnings: • The mining hashrate you get with your processor, the number in hashes per second (HPS) is being displayed in the miner window when you are mining and after that you can see an estimated time in minutes for how long it may take you to find a block with that hashrate. • With mining Luck is always a key factor that influences how much you mine over a given period of time for better or for worse. • The current number of miners competing with you for finding a block and the overall hashrate of the network also influence the outcome. So how about some numbers now based on real world experience from mining STEEM for a couple of days now.
With a high-end CPU such as an Intel Core i7 processor with four cores you can expect to get something like 30-40 thousand hashes per second (30-40 KHS). Do note however that the maximum hashrate is achieved only when you fully utilize the CPU with a number of threads used for mining that is equal to the number of cores (logical and not physical). If you do not fully load the processor you will be getting lower hashrate and it will take more time for successfully mining a block.
Note that it is also possible to mint PoS blocks on a headless server with the Emercoin daemon (see walletpassphrase command below). Before we begin, let's understand a few things about PoS with Emercoin: EMC blocks are mined approx. Every 10 minutes. The chance of mining a block with PoS is related to the amount of EMC you hold.
With about 33 KHS worth of hashrate you can expect to get between 1 and 3 blocks per day if you are mining STEEM 24/7, the results can be influences by the factors explained above. This essentially means that you will be earning between 1 and 3 STEEM POWER per day with a similar setup, so not a bad way to increase your influence on the steemit.com website on a daily basis without too much effort by just leaving your computer mining for STEEM.
And if you have lets say just 1/3 of that hashing power or about 10000 HPS, then you can expect to also be able to earn just about one third of the rewards or 0 to 1 STEEM POWER per day etc. Hi There, Thank you for the post, it helps to make a better picture of mining.
So I have been mining for 24 hours now. And what I got so for is this, but am not sure it is worth the effort, I got some questions here too, that I'll appreciate if you can answer: list_my_accounts anarcharos 0.000 STEEM 51 VESTS 0.122 SBD TOTAL 0.000 STEEM 51 VESTS 0.122 SBD I am using my steemIt account name and private key. I thought the 'gains' will go strait into my steemit account but it doesn't.I guess the local mining needs to be transferred to my steemIt account. So I have a couple of questions if I may: 1- How much steem or steem dollars have I made so far in 24 hours? 2-How do I tranfer gains mined on my computer to my Steemit account or any other acount or wallet for that matter? 3- where can I find a document listing the commands available for the cli_wallet.
How Much Processing Power To Mine Bytecoin BCN. 4- what are VESTS? Many thanks!!
Emercoin (EMC) is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Emercoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Emercoin is also the name of the open source software which enables the use of this currency. What Is A Emercoin EMC Mining. EMC is a hybrid of NameCoin and PPCoin that is more focused on the production of coins by PoS than PoW mining.
Website: – Block Explorer: – – Coin Specifications • SHA256 Algorithm • Total coins: 1 * 10^9 EMC • Award for block is 5020 EMC (decreases depending on complexity) • PoW block spacing changes from 10 seconds to 10 minutes depending on number of found blocks and difficulty • Difficulty is recalculated each block • PoS rewards: 6% per year • Confirmations for new block: 32 Wallet: – – Source Code: – Ports: – RPC Port: 8100 – P2P Port: 8101 Mining Pools: – – Coin Exchanges: – – –. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others. If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi.