Ethereum GPU mining?

[Mercennarius]

So I was mining from late last year until June of this year when the profitability dropped significantly...had the miner off for the last 2 months now and wondering if it's gotten any better? Those that have been mining Eth for a while has it gotten easier to mine at all in the last 2 months?

 

[n0x1ous]

So I was mining from late last year until June of this year when the profitability dropped significantly...had the miner off for the last 2 months now and wondering if it's gotten any better? Those that have been mining Eth for a while has it gotten easier to mine at all in the last 2 months?

HaHa no the difficulty is up like 100% over that time period

 

[Head1985]

People here in czech republic still buy out rx580 for 420USD...
How long it is like that?Already 3 months and end is nowhere near.Maybe next year lets hope..

 

[thilanliyan]

I would say it's a Ledger problem. Plus it was very risky to send BTC on Monday.

The fork itself went well and by now we would've seen major issues if something had wrong. You can check the split status here : https://www.btcforkmonitor.info/

Seems to be fixed now. I can see all the BTC that's supposed to be there.l

 

[IEC]

People here in czech republic still buy out rx580 for 420USD...
How long it is like that?Already 3 months and end is nowhere near.Maybe next year lets hope..

That's silly, because even with free/cheap electricity the initial cost and the projected difficulty increases means they will never see ROI.

It's always the wrong time to buy hardware when prices go up, as you've missed the "easy" money, historically. The gold rush mentality means it's better to be a seller of hardware during this time period...

 

[[DHT]Osiris]

That's silly, because even with free/cheap electricity the initial cost and the projected difficulty increases means they will never see ROI.

It's always the wrong time to buy hardware when prices go up, as you've missed the "easy" money, historically. The gold rush mentality means it's better to be a seller of hardware during this time period...

Doesn't stop people. Seen plenty of stories (in this thread included) of witnesses to mining rig purchasing idiocy.

Plenty of people in the gold rush found fortune, but the reliable money was in selling shovels.

 

[ozzy702]

That's silly, because even with free/cheap electricity the initial cost and the projected difficulty increases means they will never see ROI.

It's always the wrong time to buy hardware when prices go up, as you've missed the "easy" money, historically. The gold rush mentality means it's better to be a seller of hardware during this time period...

Yup. I've been liquidating my oldest hardware and have turned a profit on the 480s. Absolutely crazy. I've always ran undervolted and underclocked so I'm sure the cards have a lot of life in them but still... it's the wrong time to be buying hardware. I have 20+ 1070s still chugging away and some other stuff but man, it's unreal how much difficulty has skyrocketed.

 

[n0x1ous]

Rumors are 70-100 MH eth mining on Rx Vega 64........

https://videocardz.com/71591/rumor-amd-radeon-rx-vega-64-to-be-great-for-mining

 

[fleshconsumed]

Rumors are 70-100 MH eth mining on Rx Vega 64........

https://videocardz.com/71591/rumor-amd-radeon-rx-vega-64-to-be-great-for-mining

I find that hard to believe. FE is not great at mining, I don't see how gaming vega will have double performance of FE. Even then RX VEGA has double power consumption of 480/580, needs twice as many power connectors (two 8pin PCIE), and it is twice MSRP (not that you can find 480/580 at MSRP, but who's to say you'll be able to buy VEGA at MSRP?). This late in the Ethereum mining craze I don't think it's economically feasible to buy RX VEGA for mining even if it hits 70Mh/s which I don't think it will. The only way I can see it being economically viable is if you have old 480/580 to sell and you can get RX VEGA at MSRP and it hashes at least 50Mh/s.

 

[Head1985]

i was hoping i can upgrade from GTX1070 to vega but nope f***** miners strikes again..
Btw vega have special instructions for mining

 

[PhonakV30]

Maybe AMD will enable them via Driver?

 

[ozzy702]

i was hoping i can upgrade from GTX1070 to vega but nope f***** miners strikes again..
Btw vega have special instructions for mining

Like everything with AMD, I'll believe it when I see it. Vega would need to pull at least 60mhs for it to be remotely worth it.

 

[Gideon]

Like everything with AMD, I'll believe it when I see it. Vega would need to pull at least 60mhs for it to be remotely worth it.

Depends, if it pulls over 60mhs the nano or 56 edition might be super-worth-it. If it's indeed ~100 mh/s, then well, RIP gamer cards

 

[ozzy702]

Depends, if it pulls over 60mhs the nano or 56 edition might be super-worth-it. If it's indeed ~100 mh/s, then well, RIP gamer cards

Truth. It will be interesting to see what AMD brings to market. 100 mh/s would make them sell like hotcakes regardless of any other shortcomings.

 

[DrMrLordX]

I find that hard to believe. FE is not great at mining

Why? Does anyone really know how much raw hashrate a GCN GPU could achieve with infinitely-fast RAM? At least as far as ETH mining goes, RAM clockspeed/bandwidth is a major bottleneck, though I could never figure out exactly why Fury/Fury X was so slow. Regardless Vega is a massive bandwidth upgrade over something like Hawaii, so it should be significantly faster with an optimized ASM binary.

And Vega FE has already been shown to be beastly in XMR mining, so . . .

 

[ozzy702]

Why? Does anyone really know how much raw hashrate a GCN GPU could achieve with infinitely-fast RAM? At least as far as ETH mining goes, RAM clockspeed/bandwidth is a major bottleneck, though I could never figure out exactly why Fury/Fury X was so slow. Regardless Vega is a massive bandwidth upgrade over something like Hawaii, so it should be significantly faster with an optimized ASM binary.

And Vega FE has already been shown to be beastly in XMR mining, so . . .

Well, the sweet spot on a 480 is around 1100 with tweaked memory timings and clocks and that pulls ~ 32mh/s so the core is only utilized at around 75%. That would mean a 480 is capable of roughly 43mh/s if it wasn't memory/thermal/power constrained. Efficiency would of course go right out the window.

Using that same math I'd figure that full on 4096 Stream Processor Vega should pull around 77mhs or so if it isn't memory/thermal/power constrained. That's also assuming AMD hasn't added some secret sauce to bump mining efficiency.

 

[GoStumpy]

Totally new to this because I've never had a decent GPU (fastest has been a HD6850), but I bought a GTX1070 because it was a good deal and a friend on FB mentioned that altmining is still a thing, and I should look into it...

If the PC is running anyway, what can I expect out of a single 1070 for mining?

What if I didn't pay for electricity?

What if electricity was 10c per kWh?

Thanks for any help!

 

[n0x1ous]

Totally new to this because I've never had a decent GPU (fastest has been a HD6850), but I bought a GTX1070 because it was a good deal and a friend on FB mentioned that altmining is still a thing, and I should look into it...

If the PC is running anyway, what can I expect out of a single 1070 for mining?

What if I didn't pay for electricity?

What if electricity was 10c per kWh?

Thanks for any help!

a couple bucks a day if mining 24/7

 

[fleshconsumed]

Why? Does anyone really know how much raw hashrate a GCN GPU could achieve with infinitely-fast RAM? At least as far as ETH mining goes, RAM clockspeed/bandwidth is a major bottleneck, though I could never figure out exactly why Fury/Fury X was so slow. Regardless Vega is a massive bandwidth upgrade over something like Hawaii, so it should be significantly faster with an optimized ASM binary.

And Vega FE has already been shown to be beastly in XMR mining, so . . .

Correct me if I'm wrong, but Vega Frontier Edition (professional card) and RX Vega (Gaming card) are essentially the same except for amount of RAM. Same number of GPU cores, same ROP units, same HBM RAM. There might be slight differences in clocks, but it is essentially the same card. Vega FE gets 30-35Mh/s mining ETH, why would Vega RX suddenly get twice that much?

 

[n0x1ous]

Correct me if I'm wrong, but Vega Frontier Edition (professional card) and RX Vega (Gaming card) are essentially the same except for amount of RAM. Same number of GPU cores, same ROP units, same HBM RAM. There might be slight differences in clocks, but it is essentially the same card. Vega FE gets 30-35Mh/s mining ETH, why would Vega RX suddenly get twice that much?

There are special new instructions in Vega for mining, and its rumored that they haven't been activated with current drivers on the Frontier Edition, but will be with RX Vega launch

 

[Yakk]

There are special new instructions in Vega for mining, and its rumored that they haven't been activated with current drivers on the Frontier Edition, but will be with RX Vega launch

Yup, I believe the Claymore developer is waiting on this driver to issue his new revision.

 

[simas]

a couple bucks a day if mining 24/7

So forgive me for asking - what is the point for home user , at least in US ? A single day of ANY job would bring more than a month of 'mining'. A single hour of qualified labor (consulting, etc) would do the same. Am I missing something? Why would anyone bother with this (in US as example)?

 

[n0x1ous]

So forgive me for asking - what is the point for home user , at least in US ? A single day of ANY job would bring more than a month of 'mining'. A single hour of qualified labor (consulting, etc) would do the same. Am I missing something? Why would anyone bother with this (in US as example)?

Well its not a ton of money for someone running 1 card, but its still "free money" for letting your computer run. A lot of miners setup dedicated machines with multiple cards. When you start running 15-20 cards, then its becomes more worthwhile, because once its setup its just set and forget.

Last month when ethereum took off a single card could make $5 or more, but now the difficulty has increased so much knocking the profits down

 

[Yakk]

So forgive me for asking - what is the point for home user , at least in US ? A single day of ANY job would bring more than a month of 'mining'. A single hour of qualified labor (consulting, etc) would do the same. Am I missing something? Why would anyone bother with this (in US as example)?

It's $1 today that can become $100, or $1,000 in a few months or years, if the trend continues.

High risk , high reward.... or no reward, which is what makes the risk.

 

[[DHT]Osiris]

So forgive me for asking - what is the point for home user , at least in US ? A single day of ANY job would bring more than a month of 'mining'. A single hour of qualified labor (consulting, etc) would do the same. Am I missing something? Why would anyone bother with this (in US as example)?

Generally, those doing this aren't doing it as a replacement for 'normal work', just extra cash, often to fund more computer equipment. For several months I was just mining on my gaming rig while I slept/worked, but went ahead and plussed up to a basement rig with a few cards in it to give me some extra income.

It's more like a hobby that also earns you money, but takes less time than woodworking and doesn't get sawdust everywhere