Ethereum GPU mining?

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Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Well it's been a long time since I bought a card strictly for mining but I impulse bought one of these XFX 570's for $258.99 CAD yesterday.

https://www.newegg.ca/Product/Produ...50795&cm_re=Radeon_570-_-14-150-795-_-Product

Had some store credit that was just sitting there for months and then I was like "dummy just buy a card and make that money work for you lol".

Anyways I'll let you all know if it's any good. Apparently it has dual BIOS functionality which is great as I'll be flashing it to get the most out the card.

I looked at the available 3GB 1060's but this XFX card was still a tad cheaper and likely will have better resale due to 4 vs. 3GB. Not really sure what's best these days for maximum profit but I believe the 570's still have the edge in Ether mining speeds, or maybe not after accounting for performance per watt..

Some more rambling. I understand ZCASH is all the rage but I prefer mining Ether strictly to a unknown, or a wallet unrelated to any exchange. When you mine ZCASH or other coins you're most likely going to send it to a exchange like Polo and swap for BTC or Ether. I don't like the exchanges taking a cut or having a record of the transactions so there's some additional privacy to think about when mining certain coins. I guess you could always mine ZCASH and instead store it locally and then swap using shapeshift for some added privacy...

I wouldn't mind hearing what others are doing though.

Oh and I'm still in HODL mode if anyone cares. I still think Ether will keep rising steadily in the foreseeable future. Many people told me I was crazy not to sell at $50 so I'm so glad I stick with my gut instincts. No one knows the future (this could all be gone tomorrow) but always make your own decisions.
 
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PhonakV30

Senior member
Oct 26, 2009
987
378
136
so when does ETH die? I'm really worried.How long can I Mine ETH till switch to Zcash ?
 

Bigbadwu

Junior Member
Oct 9, 2016
23
3
81
I recently picked up a 1060 on sale for $150 at Microcenter. Stock speed is about 18.5Mh/s, and you cannot mod the BIOS. But a few clicks in afterburner lets you push 22-23 Mh/s for about 90W. Seems like a good alternative with the shortage of RX cards. Mining something is better than mining nothing. I ended up picking all 24 cards they had left in stock.

540Mh/s. About $100 of profit per day. 36 days to break even. Those 1060 miner edition cards better be really cheap to compete with that.

Nice! I picked up 5 of them. Mind sharing the afterburner settings? About to play with them tonight. Thanks!
 

DrMrLordX

Lifer
Apr 27, 2000
21,797
11,143
136
I recently picked up a 1060 on sale for $150 at Microcenter. Stock speed is about 18.5Mh/s, and you cannot mod the BIOS. But a few clicks in afterburner lets you push 22-23 Mh/s for about 90W. Seems like a good alternative with the shortage of RX cards. Mining something is better than mining nothing. I ended up picking all 24 cards they had left in stock.

540Mh/s. About $100 of profit per day. 36 days to break even. Those 1060 miner edition cards better be really cheap to compete with that.

Ha! Those 1060s won't be so cheap after enough people do the same as you. Good show otherwise.

I'm surprised you're making so much per MH/s though. Which pool are you using?

edit: after seeing what the ETH price is doing today, maybe I'm not so surprised. Sheesh! Profits on mining should come back down a bit once more capacity comes online, which it inevitably will . . .
 
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deanx0r

Senior member
Oct 1, 2002
890
20
76
how much longer are 3GB cards going to be viable?

The DAG file size is expected to obsolete 3GB cards by April 2018. Plenty of time to mine Ethererum and make a profit out of it when your ROI is under 40 days. With ~270 days left to mine, we are talking about ~230 days of pure profits if Ethererum prices keep daily profits constant.

24 GTX 1060 3GB push about 540Mh/s @ 2160W. That's about $100 daily profits after recouping electricity cost.

230 days * $100/day = $23,000.

Not bad for a $4000 investment over 9 months.
 

Yakk

Golden Member
May 28, 2016
1,574
275
81
Factoring in anticipated difficulty increases which will probably be accelerated now that it's popular again? I didn't check, asking the question.
 

deanx0r

Senior member
Oct 1, 2002
890
20
76
Ha! Those 1060s won't be so cheap after enough people do the same as you. Good show otherwise.

I'm surprised you're making so much per MH/s though. Which pool are you using?

Nice! I picked up 5 of them. Mind sharing the afterburner settings? About to play with them tonight. Thanks!

VRAM OC is +800MHz offset for 4,608MHz
CORE is + 100MHz offset for 1,506MHz.
Power Target is 65 with no drop in the hashing rate.

There is not much you can do with the VBIOS being encrypted. When I was testing a single card, I was getting up to 23.3Mh/s with the VRAM offset to +875. However Afterburner doesn't like it when you try to set an offset over +850MHz on multiple cards. +800MHz seems to be okay without having to worry about stability and still allows to lower the power target to 65%. The system UI is also unusable once the cards start hashing, so it's best recommended you guys run this on a headless dedicated rig.

Also, the Linux support is poor with NVIDIA cards. So no EthOS or Simple Mining OS option to run from a USB stick. However, you can download Windows 10 Pro directly from Microsoft and run it without having to activate it althought I am unsure of the legal repercussion on a hobbyist running a couple rigs.
 

DrMrLordX

Lifer
Apr 27, 2000
21,797
11,143
136
Hmm, wonder if you can mine under FreeBSD lulz. Probably not.

edit: you can mine with your CPU! Wooo.
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
The DAG file size is expected to obsolete 3GB cards by April 2018. Plenty of time to mine Ethererum and make a profit out of it when your ROI is under 40 days. With ~270 days left to mine, we are talking about ~230 days of pure profits if Ethererum prices keep daily profits constant.

24 GTX 1060 3GB push about 540Mh/s @ 2160W. That's about $100 daily profits after recouping electricity cost.

230 days * $100/day = $23,000.

Not bad for a $4000 investment over 9 months.

Is that assuming a static difficulty?
 

deanx0r

Senior member
Oct 1, 2002
890
20
76
Is that assuming a static difficulty?

No, the difficulty will always increase. I may make less ETH/day nine months from now with those cards, but I am okay with that as long as the Ethereum price keep rising. I am happy as long as I can keep $100/day profits for the first 40 days. 40 days is all I need to break even on these cards. Everything after that is ROI.
 

[DHT]Osiris

Lifer
Dec 15, 2015
14,577
12,689
146
Successfully 'paperclipped' my PSU last night, and wrapped it up in electric tape. Seems to be working fine, so I'll watch it now to see if I have any issues.

In addition, I gave all 5 cards a +500 on memory, and +100 on GPU overclock (left power static on those due to power limitations on the circuit). Gave my 960 +500/+50, and my 1080 in my 'real computer' the same +500/+100 along with a 5% bump on power, since I game on that too. All total it pushed me up by another ~$300/mo (around 20% boost in $/mo) for all cards. Looks like the 5 1080TI's are doing 3500? or so sol/s average with equihash, which is what it's been mining for the last couple hours. That fluctuates though (peaks as high as 4900).
 

Avalon

Diamond Member
Jul 16, 2001
7,567
152
106
Been humming along for a week now with 5x RX580s sitting in a milk crate. This thread convinced me to get back into it, after I had stopped mining 3 years ago (jeesh, to think if I hadn't stopped...). Going to slap together another modest milk crate rig with another 4-5 cards next week. Been using Claymore v9.4 on Win10 with the latest drivers, no issues. With some memory tweaks I get about 27Mh/s. Got the cores underclocked by 15% to reduce power draw.
 

swilli89

Golden Member
Mar 23, 2010
1,558
1,181
136
Been humming along for a week now with 5x RX580s sitting in a milk crate. This thread convinced me to get back into it, after I had stopped mining 3 years ago (jeesh, to think if I hadn't stopped...). Going to slap together another modest milk crate rig with another 4-5 cards next week. Been using Claymore v9.4 on Win10 with the latest drivers, no issues. With some memory tweaks I get about 27Mh/s. Got the cores underclocked by 15% to reduce power draw.
Good luck finding those cards! What motherboard and cpu and PSU are you using for the next build?
 

Avalon

Diamond Member
Jul 16, 2001
7,567
152
106
Good luck finding those cards! What motherboard and cpu and PSU are you using for the next build?

I managed to snag them thanks to text alerts from nowinstock. Regarding my builds, here's what I've got/what I'm planning:

Crate Rig #1 (built, running)
CPU - Intel Core i5 3570k
Mobo - Asrock Z77 Extreme4
Mem - 2x4GB Gskill V DDR3
PSU - Seasonic X850 Gold 850W
Cards - 2x MSI RX580 Gaming X+, 2x Sapphire RX580 Pulse (total of 6x 8pin connectors required)
OS - Win10
Drivers - 17.4.4

Got 2 of the Sapphires plugged into the x16 slots, and the 2 MSI's are plugged into x1 to x16 powered USB risers.

Crate Rig #2 (future, building)
CPU - Intel Pentium G4400
Mobo - Either MSI Z170A SLI Plus or Asrock Z270 Pro4 (not sure yet)
Mem - 2x4GB Gskill V DDR4
PSU - Seasonic X850 Gold 850W (already purchased)
Cards - 1x MSI RX580 Gaming X+, 2x Sapphire RX580 Pulse, 1x XFX RX580 something or other (already purchased)
OS - Either Win10 or Win7

Will likely again plug the 2 Sapphires into the x16 slots and then use x1 to x16 powered USB risers again for the other 2.

Honorable mention to the MSI RX480 in my personal gaming rig pulling part time mining duty overnight and while I'm at work
 
Reactions: swilli89

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
I managed to snag them thanks to text alerts from nowinstock. Regarding my builds, here's what I've got/what I'm planning:

Crate Rig #1 (built, running)
CPU - Intel Core i5 3570k
Mobo - Asrock Z77 Extreme4
Mem - 2x4GB Gskill V DDR3
PSU - Seasonic X850 Gold 850W
Cards - 2x MSI RX580 Gaming X+, 2x Sapphire RX580 Pulse (total of 6x 8pin connectors required)
OS - Win10
Drivers - 17.4.4

Got 2 of the Sapphires plugged into the x16 slots, and the 2 MSI's are plugged into x1 to x16 powered USB risers.

Crate Rig #2 (future, building)
CPU - Intel Pentium G4400
Mobo - Either MSI Z170A SLI Plus or Asrock Z270 Pro4 (not sure yet)
Mem - 2x4GB Gskill V DDR4
PSU - Seasonic X850 Gold 850W (already purchased)
Cards - 1x MSI RX580 Gaming X+, 2x Sapphire RX580 Pulse, 1x XFX RX580 something or other (already purchased)
OS - Either Win10 or Win7

Will likely again plug the 2 Sapphires into the x16 slots and then use x1 to x16 powered USB risers again for the other 2.

Honorable mention to the MSI RX480 in my personal gaming rig pulling part time mining duty overnight and while I'm at work

Nice. Make sure you flash with a custom bios to get the most My out of the cards using the least amount of energy. I'll likely be retiring my remaining not so power efficient 390's to pickup 8 to 12 more 570 or 580's if in can get them at a good price.
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Successfully 'paperclipped' my PSU last night, and wrapped it up in electric tape. Seems to be working fine, so I'll watch it now to see if I have any issues.

In addition, I gave all 5 cards a +500 on memory, and +100 on GPU overclock (left power static on those due to power limitations on the circuit). Gave my 960 +500/+50, and my 1080 in my 'real computer' the same +500/+100 along with a 5% bump on power, since I game on that too. All total it pushed me up by another ~$300/mo (around 20% boost in $/mo) for all cards. Looks like the 5 1080TI's are doing 3500? or so sol/s average with equihash, which is what it's been mining for the last couple hours. That fluctuates though (peaks as high as 4900).

So what are five 1080 Ti's earning you after hydro approximately?
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
No, the difficulty will always increase. I may make less ETH/day nine months from now with those cards, but I am okay with that as long as the Ethereum price keep rising. I am happy as long as I can keep $100/day profits for the first 40 days. 40 days is all I need to break even on these cards. Everything after that is ROI.

Oh you'll likely do more than break even remember your risk profile is reduced to almost nothing as soon as you reach resale parity of the cards invested. Meaning as long as you can break even if you have to sell the investment you've only lost time. A lot of people forget this.
 

[DHT]Osiris

Lifer
Dec 15, 2015
14,577
12,689
146
So what are five 1080 Ti's earning you after hydro approximately?
Each card at stock should gen around $230/mo after electricity (only .08/kwh where I am), based on Nicehash's card calc for 1080ti's. I'd need to be at home to see a calc of my benched cards specifically (or of the whole rig), but they should be roughly in line/slightly over. That'd give a total of $1150, not counting my gaming rig. With my slight OC, that might go up to $1200/1250/mo after electricity.

Power calcs only look to be predicting a bill of about $87/mo for 1500w which is about what I'm looking at with this rig, maybe a little more with the gaming rig's 1080. That's vastly surpassed by the incoming funds.
 

PhonakV30

Senior member
Oct 26, 2009
987
378
136
If ETH goes Proof of stake , does that mean No more mine for me ? what happen to Miners if that ETH becomes POS?
 
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