Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation.
The general ledger is a blockchain, a shared record of all transactions that no single entity controls. The ledger is stored and replicated on every node in the Ethereum network.
Miners are the backbone of the Ethereum network: they not only process transactions but also secure the network by verifying new transactions and committing them to the blockchain. They are rewarded with Ether, the native cryptocurrency of Ethereum, for their efforts.
Is it profitable to mine Ethereum with a GTX 770?
The short answer is “probably not.” The longer answer is “it depends on a lot of factors.” The most important factor is probably the price of Ethereum. If the price of Ethereum goes up, then it might become profitable to mine Ethereum with a GTX 770.
However, if the price of Ethereum goes down, then it will probably not be profitable to mine Ethereum with a GTX 770. Other important factors include the cost of electricity, the cost of the GTX 770, and the hashrate of the GTX 770.
To calculate whether or not it is profitable to mine Ethereum with a GTX 770, you need to know the following things:
The hashrate of the GTX 770 in megahashes per second (MH/s).
The power consumption of the GTX 770 in watts.
The cost of electricity in dollars per kilowatt hour ($/kWh).
The price of Ethereum in dollars.
Assuming that you have all of that information, you can use a mining profitability calculator to see if mining Ethereum with a GTX 770 is profitable for you.