Ethereum GPU mining?

[[DHT]Osiris]

New build arrived.

Layout/location is temporary (still gotta clean up that wiring). Still working through a resource issue (code 12, I think i have a fix for it) but 3x/5x cards are currently mining. Per nicehash, they're doing 2553 sol/s between the three of them with equihash. Stock settings, haven't played with clocking yet.

Nicehash has me sitting at 813/mo with the aforementioned 3, a 1080 and a 960 (in primary rig). Roughly $200/mo per card (the 1080 + 960 is roughly identical to a 1080ti from a mining perspective). Should pick up another $400/mo once I get the other two cards rolling.

Expecting break-even for cards in around 90 days, full rig in around 135.

edit: Since I clearly can't get imgr image embeds to do so without being at 4k or some garbage, here's the link to the individual pictures.
http://imgur.com/6e62F9t
http://imgur.com/y378deT

 

[Yakk]

Not to worry. It's mostly bounced back from its "low" price of $213. Hah! Low.

Should've qualified I was looking at ETH value relative to BTC, not USD. ETH is staying depressed versus BTC and I was looking for reasons why. The China link above should point in the opposite direction for ETH normally. Most other coins are outpacing BTC in big ways, but not ETH.

 

[ozzy702]

Should've qualified I was looking at ETH value relative to BTC, not USD. ETH is staying depressed versus BTC and I was looking for reasons why. The China link above should point in the opposite direction for ETH normally. Most other coins are outpacing BTC in big ways, but not ETH.

Over what timeframe? ETH has far outpaced BTC and other alts over the past month. A correction was due to happen just as it did with BTC.

 

[Yakk]

Over what timeframe? ETH has far outpaced BTC and other alts over the past month. A correction was due to happen just as it did with BTC.

In the last week, some very good news for ETH, and not-so-good-but-better-than-nothing Segwit2Mb for BTC.

I'm actually expecting ETH to be outpacing BTC a lot more than it is (per TA).

 

[MrTeal]

In the last week, some very good news for ETH, and not-so-good-but-better-than-nothing Segwit2Mb for BTC.

I'm actually expecting ETH to be outpacing BTC a lot more than it is (per TA).

Eth is still up 25% over the last week, which is pretty good in and of itself. That's part of a larger trench of Eth has gaining 700% relative to BTC over the last 2 months. That's frankly amazing to me, TBH.

 

[MrTeal]

With difficulty going insane, is this the beginning of the ice age? Thoughts on a hard fork to remove the ice age while POS is being created? I know it's been talked about, just not sure if there has been any new developments.

Also, what are you guys going to start mining after ETH inevitably fizzles out for mining?

With current technology and prices, I don't know if an ice age is possible in anything resembling the short term.
Right now Eth is wildly profitable; unless my napkin numbers on etherscan are wrong @ $0.10/kwh the networth hashrate would have to go up 6x to 210TH/s in order for power costs to eat up half your mining income if you're running 31.8MH/s@110W. Adding 175TH/s to the network is nuts though, that's equivalent to adding 5.8M R9 390s or GTX 1070s. That's over half the total number of GPUs that nVidia sells in a quarter, so we're at the point where network growth will be hugely supply constrained.

Of course, as we saw with BTC, current technology can change and money drives innovation. If US$6M worth of Eth is being mined every day, I wouldn't be at all surprised to see purpose built chips disrupt the mining market ASIC resistance or not.

 

[DrMrLordX]

Should've qualified I was looking at ETH value relative to BTC, not USD. ETH is staying depressed versus BTC and I was looking for reasons why. The China link above should point in the opposite direction for ETH normally. Most other coins are outpacing BTC in big ways, but not ETH.

BTC had a recent high of ~$2714. It's still 11% off its high despite a strong run over the past few days. ETH had a high of . . . $235? It's presently 6% off its peak.

In terms of growth over calender year 2017, ETH has gained much more ground than BTC.

 

[ozzy702]

With current technology and prices, I don't know if an ice age is possible in anything resembling the short term.
Right now Eth is wildly profitable; unless my napkin numbers on etherscan are wrong @ $0.10/kwh the networth hashrate would have to go up 6x to 210TH/s in order for power costs to eat up half your mining income if you're running 31.8MH/s@110W. Adding 175TH/s to the network is nuts though, that's equivalent to adding 5.8M R9 390s or GTX 1070s. That's over half the total number of GPUs that nVidia sells in a quarter, so we're at the point where network growth will be hugely supply constrained.

Of course, as we saw with BTC, current technology can change and money drives innovation. If US$6M worth of Eth is being mined every day, I wouldn't be at all surprised to see purpose built chips disrupt the mining market ASIC resistance or not.

Interesting analysis. Let's say this is the case, realistically, how far out is POS?

 

[ElFenix]

For a 290, 480, and a 3770k w/4 hard drives, y'all think 650 watts would be ok? Trying to reshuffle my cards around. Fry's has a Corsair tx650m gold (brand new revision with Great Wall as the OEM) for $60 AR right now.

 

[IEC]

For a 290, 480, and a 3770k w/4 hard drives, y'all think 650 watts would be ok? Trying to reshuffle my cards around. Fry's has a Corsair tx650m gold (brand new revision with Great Wall as the OEM) for $60 AR right now.

Should be plenty especially if you undervolt your cards. I'm not familiar with the TX650M but I have used several factory refurbished Corsair RM650x under similar and greater loads with no issue.

 

[Erithan13]

For a 290, 480, and a 3770k w/4 hard drives, y'all think 650 watts would be ok? Trying to reshuffle my cards around. Fry's has a Corsair tx650m gold (brand new revision with Great Wall as the OEM) for $60 AR right now.

Should be fine, I ran a 290 and 380 with no problems on 550W. These cards respond really well to undervolting/underclocking too, if more for temperature's sake.

 

[ElFenix]

Cool, thanks guys

 

[tracerit]

hey, can someone help me relcaim 3ETH? I was doing this mining stuff a few months ago, mined 3.0 something ETH and was going to sell it for $25 to a user, but never got around to selling it so I just left it as is. Ran across an article sayign 1 ETH = $233 now, and I'm looking at etherchain.org and I have an balance of $699 now. How can I cash that out?

 

[DrMrLordX]

Easiest way is to start a Coinbase account, transfer your ETH to the deposit address, and then sell for USD. Fees will apply.

Or you can use Kraken or Gemini for lower fees (generally), though you may find verification more difficult.

Or there's eGifter . . .

 

[Yakk]

BTC had a recent high of ~$2714. It's still 11% off its high despite a strong run over the past few days. ETH had a high of . . . $235? It's presently 6% off its peak.

In terms of growth over calender year 2017, ETH has gained much more ground than BTC.

Eth has been doing very well indeed, and I'm now seeing the possible breakout price forming I was looking for.

 

[PhonakV30]

I need small pool.I have different Hashrate in https://ethermine.org , one told me it's because of Pool.try small pool.when i look at https://ethermine.org , it says :

42Mh/s , 76Mh/s , 84Mh/s
Reported hashrate, current effective hashrate, average effective hashrate

anyone knows small pool?

 

[Guru]

Tried to start, but it downloaded like 15GB of stuff on my computer with no end in sight, figured its going to take up at least 30GB of HDD space before I even get this thing started mining. So uninstalled and deleted all of it.

How much HDD space does it actually take to "sync" to the server in order to be ready so I can actually start mining?

 

[Bigbadwu]

Was able to score 5 zotac 1060 3gb mini for ~ 150 each. Should I keep them to mine zcash ?

 

[Bigbadwu]

Tried to start, but it downloaded like 15GB of stuff on my computer with no end in sight, figured its going to take up at least 30GB of HDD space before I even get this thing started mining. So uninstalled and deleted all of it.

How much HDD space does it actually take to "sync" to the server in order to be ready so I can actually start mining?

Just create a coinbase wallet and mine to that address. No need to sync with the blockchain for now. Especially if you're just starting to mine.

 

[Guru]

Just create a coinbase wallet and mine to that address. No need to sync with the blockchain for now. Especially if you're just starting to mine.

The guide I used recommended I sync first, then install some program and mine.

 

[Accord99]

The guide I used recommended I sync first, then install some program and mine.

You typically setup an account at a pool and mine to that. You only need a wallet once you want to withdraw from the pool.

 

[DrMrLordX]

anyone knows small pool?

Dwarfpool?

(sorry, couldn't resist the pun)

No, dwarfpool is actually not small at all. Hmm. Try this:

https://forum.ethereum.org/discussion/3659/list-of-pools

 

[tracerit]

Easiest way is to start a Coinbase account, transfer your ETH to the deposit address, and then sell for USD. Fees will apply.

Or you can use Kraken or Gemini for lower fees (generally), though you may find verification more difficult.

Or there's eGifter . . .

I created a Coinbase account and went to Accounts, looked up my Coinbase address and it says don't send mining ETH to this address (Coinbase). Is it safe? Don't want to lose all my ETH!

 

[thilanliyan]

Use kraken or poloniex. I've used both for sending mining earnings without any issues.

 

[DrMrLordX]

Poloniex officially recommends that you not send mining proceeds from pools to your deposit account there. Unofficially mining ZEC to Poloniex works perfectly, so I don't see why it would be any different with ETH.

Probably produces more traffic than Poloniex wants.

That being said, you can not convert anything to fiat (USD or otherwise) on Poloniex. Don't mine there unless you have a plan to remove it later, or unless you want to go with crypto forever. Sooner or later, people will start doing just that.