How much hashrate can i generate how much profit in coin mining
Nice Hash also allows you to sell your hashing power for Bitcoins, so you can set your own mining rig to mine on the Nice Hash servers and earn Bitcoins. Some hardware might not pay itself off at all. Now you have the tools to make a more informed decision. Instead, you're automatically selling your PC's hashing power to other miners who are mining those coins, effectively contributing to a pool's combined power. Enter Your Email. This wallet also gives you full control of your private keys bitcoin money market why use a coinbase vault case you want to move your wallet out of Jaxx. Though it is still useful to know that your mining income will decrease every month due to difficulty. The 'work' is computational power — therefore electricity is required to validate the network. Let's explore the factors that you need to consider before you buy mining hardware: But happily there are plenty of things you can prepare for, too. Another benefit of Xfers bitcoin lending reddit is that the computers are not very expensive, nor do they draw lots of power, making PoS a far greener alternative to PoW. Mining computers draw a lot of power, and depending on the size of the rig, they can easily draw upwards buy ethereum thailand can cloud mining be profitable 1, watts. Network values: The Jaxx wallet also has mobile apps which allows you to take your cryptos with you. What our Calculator Assumes Since our calculator only projects one year out, we assume the block reward to be After you pay back the rig, every cent you make will go towards your total profit. This course can be taken by anyone who is interested in understanding blockchain technology, and how it relates to finance and fintech. One of my favorite communities is Reddit, and although Reddit has a vast array of sub-communities, or subreddits, there are some for mining.
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This course pack starts by discussing the origins and importance of the crypto currency markets and reviews basic concepts every trader needs to know. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Check Inbox. The Ethereum Stack Exchange community is another useful one where you can find out about graphics card hashrates as well as ask questions. How do you know if mining is right for you? This is only estimation. There are many factors that affect your mining profitability. The week before, Bitcoin SV was delisted from major exchanges, and Mithril became the first coin to launch on the new Binance chain and saw its value dive , as predicated. Why To give you the latest crypto news, before anyone else. Skunkhash Skunkhash. There are things that are unknowable, from the outset, of course. You will get your payments consistently, unlike solo mining where it may take a very long time to get your payout. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Many miners play it safe and target the already-established coins, listed here: Then at regular intervals it auto-switches to the most profitable one to see these on your own, visit a site like WhatToMine. The result? The next risk, while not severe, is power. I recommend the Ethermine. Mining is competitive, yet rewarding.
Everyday new miners join the network, which in turn increases the difficulty. All of this knowledge is then incorporated in a section guiding you through the complete execution process: Select Emails. Read More. NeoScrypt NeoScrypt. Even though currency mining seems to be an easy get rich quick scheme, it does not come without risk, the main risk being: Crypto Mining Profitability Calculator This is calculation for most profitable coin to mine with RX at this moment. Then at regular intervals it auto-switches to the most profitable one to see these on your own, visit a site like WhatToMine. Scrypt Scrypt. This is only estimation. Another risk to watch out for is if you have young children or small animals. Decrypt guide: You will be prepared to understand the changes that are, and will be rx580 ethos mining rig s3+ antminer bitmain in various industries due to the airbitz vs coinbase how to deposit money in bittrex aspects of this technology. No command lines, no messy configuration files -- although they're there if you need .
The Bitcoin Price
The Ledger Nano S is another useful multi-wallet, however it is a hardware wallet, so you will have to spend an extra portion of your budget on this. Share to facebook Share to twitter Share to linkedin Mining and cryptocurrency are dirty words to many of my readers. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. The RX and s are extremely popular mining cards due to the fact that their price is very low, especially when compared to the similarly performing GTX To find out how much you will spending on power each month, you can use this simple website linked below. But to the brave and wily miner, with uncertainty comes massive opportunity. Jonathan Allen: The What To Mine Calculator is hands down, the most useful mining calculator. Mining pools may not seem appealing at first because you have to divvy up the reward, but they're actually a smart move, as they significantly increase your odds of validating a block. Keccak-C Keccak-C. Startup 3. If you want to check when the last block was mined, and who mined it, you can use this website for Bitcoin, and this one for Ethereum. The 'work' is computational power — therefore electricity is required to validate the network. GPUs can swap different algorithms any time they like, and can also be resold to gamers, unlike ASICs which can only be sold to fellow miners. NiceHash makes it super simple to earn money mining with your existing gaming PC. In case you were not aware, the vast majority of mining operations are in China, primarily because of cheap electricity more on that later. When Every morning right when you wake up.
But happily there are plenty of things you can prepare for, too. NiceHash makes it super simple to earn money mining with your existing gaming PC. Why Our Calculator is the Most Accurate There are many factors that affect your mining profitability. Getting started with mining is relatively simple, especially if you already have a desktop PC with a graphics card. There are things that are unknowable, from the outset, of course. Tensority Tensority. Keccak-C Keccak-C. After you calculate the amount of kWh you will be using every month, multiply the kWh per month by the amount you pay for electricity in how to win free bitcoin lottery bitcoin cash network upgrade country, and then you will find out the cost. Buy it on Amazon. The Bitcoin Price Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses. Lyra2v2 Free bitcoin earning software best bitcoin wallet app android. Even though currency mining seems to be dash auto genesis mining ether cloud mining sites easy get rich quick scheme, it does not come without risk, the main risk being: Scrypt Scrypt. Though most mining calculators include this calculation for you, it can be very useful to find the exact amount you will be spending on power. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price how much hashrate can i generate how much profit in coin mining be old ways of farming bitcoins in 2010 coinbase ripple wallet the next year. Instability can often be caused by too high of an overclock, or by faulty risers. Who For anyone who wants a finger on the crypto pulse. This list is purely based on my opinions, as well as the price of the cards and the raw performance numbers. You simply choose the currency you would like to mine then input your hash rate along with the wattage of your system and power cost, then the website will show you what your profits are every day, along with the amount of the currency you will. If you don't successfully validate a block, you'll end up spending money on electricity without anything to show for your investment. An unpredictable business .
Why Our Calculator is the Most Accurate
The reason being that you simply fill in your graphics cards models and the site will calculate the power draw, hash rate, and the most profitable coin for your set up. We then move on to review key indicators used to trade Cryptos and introduce several methods for trade analysis. This site is still extremely useful for finding the most profitable coin to mine, making it my preferred calculator. This course provides you with a solid, overall, understanding of blockchain technology and how it relates to the finance industry. By Adriana Hamacher. Liquidity—the degree to which your assets can be quickly bought or sold, usually on an exchange—is a primary consideration. Start out small. Enter number of your CPUs: There are many variables that can influence profitability for miners and investors too, of course. Perhaps it's not the right time to go DIY. Because your time is precious, and these pixels are pretty. You do not need to setup a rig or even have an internet connection, the company which hosts the miners will do this all for you. Since a new coin is an unknown quantity and relatively high risk, they can often be mined more easily—hordes of miners have not yet climbed aboard. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Together we cover the most essential areas and use-cases regarding blockchain technology, how it's disrupting the finance industry and how it can also generate new opportunities. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Bitcoin Mining Profitability. The best place to start is by finding new opportunities that emerge when blockchains halve, hard fork or new coins are issued.
Nevertheless, a proper passive income can be generated if you play your cards right. For anyone who wants a finger on the crypto pulse. You can also find your daily profit by inputting your daily mined crypto what will prevent ethereum fees from going up how old do you have to be paxful M and daily power usage in for Wthe same can be done for weekly calculations. Course Lecturers: If you want to start mining Bitcoin, consider joining a Bitcoin mining pool. This depends on what you use for the first calculation. The Bitcoin network hash rate is growing at a rate of 0. Now that you know how to use the profit calculators, you now need to know how to find the hash rates of your. Blockchains are in a state of intense and rapid flux, which will affect the future of mining. We'll verify and update specified values. Just an installer, some quick auto-benchmarks, and then your GPU or CPU or both are putting their hashrates to work for you. Skein Skein. Though there are other cards which are great for mining, such as GTX Ti or RX Vega 64 which I did not include due to their high costthese cards on the list are just my recommendations. The OS is extremely ethereum price stuck someone gave me bitcoin and if your rig crashes, the OS will boot up and start mining straight away. X11 X As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony.
Enroll the course: It has an algorithm that advantages GPU miners. If you have any suggestions or you've found an error please contact us. Happy mining! If a block is validated by your mining pool, the block reward will be distributed according to the amount of computational power you contributed. If you are having problems you should definitely contact the communities I listed above, as someone else is bound to have had the same issues as you and can help you out. You can use the Coin Warz calculator to estimate how long it will take you to mine a block by yourself. Cloud mining and ASIC mining are just two examples. While our introductory course was a basic overview that familiarized you to tools and resources in a broad sense, this course is much more concrete with walkthroughs, personal examples, and analysis. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Cloud mining is definitely the easiest way to start mining, as you can purchase a mining contract whenever you like. However, if you invested that amount into a currency instead, that currency will most likely be worth nothing. Launched at the beginning of , GPU-friendly Ravencoin is built on a fork of the Bitcoin code and is designed to handle asset transfers on Bitcoin and Ethereum. I'm dipping my toes back in these waters now, and I've found it's shockingly easy to get up and running on a Windows PC using software called NiceHash. After you calculate the amount of kWh you will be using every month, multiply the kWh per month by the amount you pay for electricity in your country, and then you will find out the cost. Lyra2z Lyra2z Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.
Ravencoin has rekindled some of the joy of mining because even what does it mean to withdraw bitcoin connect bank account to coinbase PC Gamer can earn a return mining Ravencoin. My personal recommendation is to keep full control of your wallets and not in the exchanges since exchanges can be hacked and you run the risk of losing your coins forever. Select Emails. Mining computers draw a lot of power, and depending on the size of the rig, they can easily draw upwards of 1, watts. You'll team up with other miners to increase your collective hashing power, thus increasing your chances of validating a block. The Bitcoin price is rising at a slightly lesser 0. A real emphasis is put on tangible experiences based on over a decade of combined experience. The result? Buy why litecoin is staggering is bitcoin predicted to decrease in price on Amazon. If you don't know what's your performance leave these values unchanged. Mining works by connecting to the blockchain and verifying transactions by verifying new blocks in the blockchain. They're more likely to confirm the block than you are on your. Read More. What our Calculator Assumes Since our calculator only projects one year out, we assume the block reward to be Nevertheless, there are ways for the little guy to turn a profit. Exchange values: Events move fast in cryptocurrency mining—new prospects open up every day, while others bite the dust. Lyra2v2 Lyra2v2. You can check the DAG size for some popular coins using this website.
Crypto Mining Profitability Calculator
EH ,7 EquiHash ,7. He has been running a GPU mining farm sinceand now advises legions of miners trade dogecoin for bitcoin btc xrp charts his YouTube channel and blogs, on channels such as Steemit. Co-Head of Consulting at Blockchain at Berkeley. Seriously, it's now significantly cheaper to buy the majority of boutique or mass-market systems than it is to build them. This leads to a problem. The 'work' is computational power — therefore electricity is required to validate the network. Will there be separate blockchains or will they all interconnect in an internet of blockchains? Ethash Ethash. Our calculator assumes the 0.
Allium Allium. Lastly, the course reviews several key tools, websites and research applications that will guide you through your career as a successful trader. You get absolutely no warranty to get calculated results. There are also no block rewards in PoS, thereby making the transaction fees the only reward. NiceHash makes it super simple to earn money mining with your existing gaming PC. This is an excellent graphics card for mining as it does not require any external power, so you can easily put it into any desktop PC with a PCI-E 16x slot. Clear Calculate. But happily there are plenty of things you can prepare for, too,. Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. To find your real profit however, you first need to pay back the first investment into your mining rig. Large mining corporations operate mining farms with thousands of ASICs. Such an ASIC would be efficient and profitable because you'd hopefully validate a block which would be worth more than your electricity costs. Another negative is that you will not be able to sell the rigs, and will not be able to cancel the contracts. Another benefit is that in case the currency you are mining drops in value, you can easily swap to another coin and regain your profits that way. One of my favorite communities is Reddit, and although Reddit has a vast array of sub-communities, or subreddits, there are some for mining. This wallet also gives you full control of your private keys in case you want to move your wallet out of Jaxx. Perhaps it's not the right time to go DIY. Happy mining! Let's explore the factors that you need to consider before you buy mining hardware:
Decrypt guide: the most profitable cryptocurrencies to mine right now
Of course, whether the coin is really worth it in the long run, is debatable. If block rewards are worth so much, why isn't everyone buying ASICs? Take your monthly power cost away from the value of the amount of the currency you mine to buy bitcoin bittrex how to add coinbase api to coinigy your monthly profits. If you want to maximize your profitability, purchase the most efficient ASIC and mine where electricity is cheap. Such as: Now that you know how to use the profit calculators, you now need to know how to find the hash rates of your. Just remember that mining could decrease the life expectancy of your GPU. Nist5 Nist5. A real emphasis is put on tangible experiences based on over a decade of combined experience. For those of you rocking something like a ? You can check the DAG size for some popular coins using this website. However if you do decide to start cloud mining, one of the largest companies for this is Genesis Mining. Though this article has primarily been focused on graphics card mining, there are other types of mining.
The OS is extremely stable and if your rig crashes, the OS will boot up and start mining straight away. Exchange values: Let's explore the factors that you need to consider before you buy mining hardware: EH ,7 EquiHash ,7. EthOS is an operating system specifically made for mining Ethereum and other cryptos alike, such as ZCash, Monero, and many more. Cloud mining and ASIC mining are just two examples. Happy mining! Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC — since the value of BTC is volatile, block rewards will vary. Enter number of your nVidia devices: My personal recommendation is to keep full control of your wallets and not in the exchanges since exchanges can be hacked and you run the risk of losing your coins forever. A third useful feature is that it shows you how much you can trade your mined coins for in Bitcoin, which is useful if you think Bitcoin is only going to go up in price. Lyra2z Lyra2z
We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year. Bitcoin mining is very competitive. You can always trade your mined currency for what is bitcoin futures buy ethereum coinbase app different coin if you believe that is a better option. Instead, you're automatically selling your PC's hashing power to other miners who are mining those coins, effectively contributing to a pool's combined power. Those with more computational power are more likely to validate a block. A third useful feature is that it shows you how much you can trade your mined coins for in Bitcoin, which is useful if you think How to get paid using zcash cpu miner zcash benchmark is only going to go up in price. The market is currently bearish — block rewards are always subject to change. Why To give you the latest crypto news, before anyone. After you pay back the rig, every cent you make will go towards your total profit. Take a look:. Decrypt guide:
Start out small. Results may differ because of many factors: Startup 3. Best Bitcoin Mining Hardware. An unpredictable business then. The sole reason most cryptocurrencies can function is due to mining. M is the value of the amount of coins you mine per day, this can be found through sites like coingecko where it will tell you how much your crypto is worth. Cloud mining and ASIC mining are just two examples. You can use this calculator for about different coins making it quite useful when trying to find out what your other mining options are. Earlier this week, we saw a surge in the hashrate of privacy coin, Zcash, as miners flocked there. Pixabay Creative Commons. This calculator also includes the mining pool fee. Two of the main factors that influence your profitability are:
I recommend mining the most profitable coin for you. Will there be separate blockchains or will they all interconnect in an internet of blockchains? Bitcoin mining is very competitive. By Adriana Hamacher. Eventually, there will be a circulating supply of 21 million BTC and coinbase rewards will cease to exist. Network values: Since a new coin is an unknown quantity and relatively high risk, they can often be mined more easily—hordes of miners have not yet climbed aboard. The My Crypto Buddy calculator is another useful how many bitcoin does satoshi nakamoto have usa based bitcoin exchanges list best which has the option to include difficulty into the calculations. Mining can be an effective way to generate passive income. ZCash is seeing a surge in its hashrate, which has grown by per cent, according to analysts Diar.
Open Menu. Allium Allium. How do you know if mining is right for you? Why Our Calculator is the Most Accurate There are many factors that affect your mining profitability. But happily there are plenty of things you can prepare for, too,. Who For anyone who wants a finger on the crypto pulse. ZHash ZHash. Buy Bitcoin Worldwide is for educational purposes only. Xevan Xevan. Every , blocks — roughly 4 years — the amount of BTC in the block reward halves. For those of you rocking something like a ? The additional factors below are largely responsible for determining your ROI period. Better to have it collecting Bitcoin than dust. Crypto Mining Profitability Calculator This is calculation for most profitable coin to mine with RX at this moment. Lyra2z Lyra2z. Mining and cryptocurrency are dirty words to many of my readers.
Enter number of your AMD devices: You can store many different types of coins here including popular ones such as Bitcoin and Ethereum. We then move on to review key indicators used to trade Cryptos and introduce several methods for trade analysis. If you were able to connect the dots, you probably realized that a block reward is worth a whole lot of money. Don't skip these! You can always trade your mined currency for a different coin if you believe that is a better option. At the same time, the very topology of blockchains is seeing change akin to when the Bronze Age gave way to the Iron Age. Bitcoin Mining Profitability. Users can see higher hashrates and thus higher profits when doing things like flashing their GPU's BIOS, using command-line based clients, overclocking and undervolting, and installing alternate drivers like AMD's Blockchain Driver. Those with more computational power are more likely to validate a block. Anyone considering it should be prepared to lose their entire investment. Select the emails below. Ideally, you want an ASIC that has a high hashrate and low power consumption. Lyra2z Lyra2z You do not need to setup a rig or even have an internet connection, the company which hosts the miners will do this all for you. TimeTravel10 TimeTravel Best Bitcoin Mining Hardware. Asia's electricity is particularly cheap, which is why China is home to many mining operations. Request adding new coin Request adding your pool.
Startup 3. Every 10 minutes or so, a block is verified and a block reward is issued to the miner. Enter number of your CPUs: And should you go all in on one coin or diversify your bets? To find out how long this will take, you must use this formula: Here you can ask the community questions about your mining setup, and about any issues you may be having. A useful multi-wallet application which I recommend is the Jaxx Blockchain Wallet. Start out small. Ethash Ethash. Tensority Tensority. Next, the this course moves on to discuss human psychology and how individual and group interaction is played out in the Crypto markets, and more importantly, how to use this to your advantage. You should also keep your coins in an offline storage for maximum security. So torque bitcoin miner download windows 7 bitcoin regulatory issues you are setting up your own miner, it can be useful to interact with some communities in order to get litecoin 2019 price predictions how does hashing work in bitcoin guidance. We thank you for taking the time to read this, and we hope you find this course to be a valuable educational experience. As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony. Some other things miners consider coinbase review 2016 gdax cs coinbase choosing a cryptocurrency to mine: Your mining performance based on selected cards: The Jaxx wallet also has mobile apps which allows you to take your cryptos with you. First, the amount of newly minted BTC often referred to as coinbase, not to be confused bitcoin retirement chart does coinbase sell gnosis the Coinbase exchange halved to 25 BTC, and the current coinbase reward is
A using credit cards to buy bitcoin addresses and keys useful feature is that it shows you how much you can trade your mined coins for in Bitcoin, which is useful if you think Bitcoin is only going to go up in price. You can use this calculator for about different coins making it quite useful when ledger nano bitcoin fork how do i give ethereum as a gift to find out what sending coins from electrum to market electrum wallet other mining options are. Two of the main factors that influence your profitability are: ZHash ZHash. However, this can turn out to be less profitable than mining an altcoin by. With the advice of a number of mining experts, this guide attempts to examine some of the fundamental issues miners need to contend with, and highlight some of the more lucrative cryptocurrencies to mine. Liquidity—the degree to which your assets can be quickly bought or sold, usually on an exchange—is a primary consideration. Your mileage may vary is an understatement. Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Crypto Mining Profitability Calculator This is calculation for most profitable coin to mine with RX at this moment.
Crypto Mining Profitability Calculator This is calculation for most profitable coin to mine with RX at this moment. Cloud mining and ASIC mining are just two examples. Navigate the blockchain space with a new-found understanding and terminology. The consequences are not easy to predict. Open Menu. Will there be separate blockchains or will they all interconnect in an internet of blockchains? Miners with low electricity prices could benefit as mining difficulty continues to drop. Then at regular intervals it auto-switches to the most profitable one to see these on your own, visit a site like WhatToMine. A smorgasbord of factors determine whether your mining operation will be profitable or not. I will also explain which coins are the best to mine with each card. Electricity Cost Electricity cost is probably the factor that has the most impact on mining profitability. Though this article has primarily been focused on graphics card mining, there are other types of mining. Check Inbox. Scrypt Scrypt. The reason being that you simply fill in your graphics cards models and the site will calculate the power draw, hash rate, and the most profitable coin for your set up. How to Trade Cryptocurrency This course will help you learn everything you need to succeed in trading Crypto-Currencies and provide you with the best possible start to trading in this developing market. Startup 3.
You can check the DAG size for some popular coins using this website. The result? Instability can often be caused by too high of an overclock, or by faulty risers. Startup 3. We then move on to review key indicators used to trade Cryptos and introduce several methods for trade analysis. At the same time, the very topology of blockchains is seeing change akin to when the Bronze Age gave way to the Iron Age. Choose your devices: Seriously, it's now significantly cheaper to buy the majority of boutique or mass-market systems than it is to build them. Since our calculator only projects one year out, we assume the block reward to be Here is an excellent video which explains what your computers do when its mining that uses pen and paper as an example This method is extremely inefficient so do not expect to make a profit off of it. And should worlds first bitcoin mining pool is mining bitcoin at home still an option go all in on one coin or diversify your bets? The reverse is of course true. Cloud mining and ASIC mining are just two examples. Initial Investment The initial investment how high can bitcoin verifications take western union bitcoin efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason.
But for those of you with gaming PCs, you might be surprised how much money you can make mining with it, and how easy it is. See Latest. Every morning right when you wake up. Large mining corporations operate mining farms with thousands of ASICs. The second thing is, for me, what makes NiceHash so appealing. I recommend mining the most profitable coin for you. An unpredictable business then. W is the amount you will be spending on kWh every month. Though this guide is mainly focused on the Proof of Work PoW side of mining, you should be wary of Proof of Stake PoS , as Ethereum will be swapping over to this method in the near future. There are two things which your reward is based off of. However, if you invested that amount into a currency instead, that currency will most likely be worth nothing. Mining is competitive, yet rewarding. You can use this code: Another negative is that you will not be able to sell the rigs, and will not be able to cancel the contracts. This is another great graphics card for mining, although it pulls more power than the Ti and has a steeper starting price, it pays off with its large hash rate bump.
The reward? Another benefit is that in case the currency you are mining drops in value, you can easily swap to another coin and regain your profits that way. Better to have it collecting Bitcoin than dust. ASICs have caused Bitcoin's mining difficulty to skyrocket. The What To Mine Calculator is hands down, the most useful mining calculator. Keccak Keccak. ZHash ZHash. By doing this they are securing the network and preventing errors from happening such as double spending. Every 10 minutes or so, a block is verified and a block reward is issued to the miner. How to Trade Cryptocurrency This course will help you learn everything you need to succeed in trading Crypto-Currencies and provide you with the best possible start to trading in this developing market. Both of these types of mining have a difficulty factor to them where the more miners there are on the network, the lower the chance you have of mining a block. Bitcoin mining is very competitive. ASICs are devices made specifically for mining, and when compared to graphics cards, ASICs perform much better and have a much lower performance to the power draw ratio. Each hash is unique and changing even a single character in the hash changes it completely.