{"id":120534,"date":"2017-09-09T15:00:57","date_gmt":"2017-09-09T13:00:57","guid":{"rendered":"https:\/\/mygaming.co.za\/news\/?p=120534"},"modified":"2017-09-08T14:56:43","modified_gmt":"2017-09-08T12:56:43","slug":"the-cryptocurrency-miners-who-earn-over-r100000-per-day","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/features\/120534-the-cryptocurrency-miners-who-earn-over-r100000-per-day","title":{"rendered":"The cryptocurrency miners who earn over R100,000 per day"},"content":{"rendered":"

Ethereum is the second-largest cryptocurrency in the world, according to market capitalisation, and can be mined using consumer graphics cards.<\/p>\n

This has lead to many cryptocurrency enthusiasts building PCs with multiple graphics cards to mine Ethereum.<\/p>\n

Depending on the size of your rig, mining Ethereum can be lucrative \u2013 particularly once you have paid off your hardware, and taken electricity and cooling costs into account.<\/p>\n

Pools and Workers<\/h3>\n

Most miners don\u2019t mine alone, however, as it is usually more efficient to mine to a \u201cpool\u201d.<\/p>\n

Pools allow miners to share their hashing power, working together to confirm blocks and share block rewards \u2013 based on the amount of mining power contributed.<\/p>\n

When you set up an Ethereum mining rig, you can designate a pool for it to mine to and a destination wallet address.<\/p>\n

The pool reads your mining rig as a single worker and monitors your hash rate and mining income, paying out your earned Ethereum to your wallet at set intervals.<\/p>\n

If you have invested in multiple mining rigs and they are all mining to the same wallet address, the pool registers them as different workers, but adds their mining power together.<\/p>\n

Certain Ethereum mining pools list the top-performing miners according to their hash rates, along with their predicted and past earnings.<\/p>\n

We looked at how much the top miners on the\u00a0ethermine<\/a><\/strong>\u00a0and\u00a0nanopool<\/a><\/strong>Ethereum mining pools earn in one day \u2013 as detailed below.<\/p>\n

Miners<\/h3>\n

It must be noted that a mining address does not necessarily refer to an individual person, and could comprise of multiple people mining to the same address.<\/p>\n

Estimated earnings per day are calculated based on average block time, average difficulty, difficulty change tendency, and the average hash rate of the miner.<\/p>\n

Earnings are shown in Ethereum per day, which were converted to rand using the price of\u00a0Ethereum on 7 September.<\/p>\n

The hash rates, pools, number of workers, and estimated earnings per day of the top miners are shown below.<\/p>\n

Miner Address:\u00a00xb9e33a4a1dba378925b7f20d21b5ab2d78ad58f0<\/a><\/h3>\n