Ethereum GPU mining?

[ub4ty]

I'd love to hear your solutions to the world's problems but this isn't the time or the place.

The solution(s) will find the things that need solving.

Cool doom and gloom! Do you want to illustrate any of the darker pastures and world collapse you refer to, or do you just like to hear yourself talk? Or did you just arrive too late to the mining game, and now umadbro?

Not madatallbro

 

[chimaxi83]

The solution(s) will find the things that need solving.

Not madatallbro

So you're here to post trash, cool

Sent from my LG-H820 using Tapatalk

 

[Hitman928]

The solution(s) will find the things that need solving.

Not sure if this is a reference to something I didn't get, but in my experience, a solution in search of a problem is nothing but a problem itself.

 

[DrMrLordX]

Meanwhile, they're not as dumb as first world countries to use such an inefficient and energy intensive process for transactions. Instead they use low compute and widely pervasive cashless apps using standard and secure internet protocols :
https://www.bloomberg.com/view/articles/2017-07-19/china-s-cashless-revolution

Those "widely pervasive cashless apps using standard and secure internet protocols" currently require an old-school financial backend to operate properly. The whole POINT of blockchain tech and stuff like OmiseGO or TenX is to eliminate the need for traditional, proprietary cash-backed transactional systems.

Why do you think so many of the major coins are looking at PoS systems? Or have you even noticed that?

 

[IEC]

http://www.ebay.com/itm/401385101473

MSI RX 470 8GB $320 platinummicro

That's a terrible "deal".

There are better deals to be had in FS/FT and on other forums - on better cards to boot.

 

[ub4ty]

So you're here to post trash, cool

Take information as you chose to take it.

Not sure if this is a reference to something I didn't get, but in my experience, a solution in search of a problem is nothing but a problem itself.

The problem's already been identified thus why it needs solving and has a solution...

Those "widely pervasive cashless apps using standard and secure internet protocols" currently require an old-school financial backend to operate properly. The whole POINT of blockchain tech and stuff like OmiseGO or TenX is to eliminate the need for traditional, proprietary cash-backed transactional systems.

Why do you think so many of the major coins are looking at PoS systems? Or have you even noticed that?

Centralized vs. Distributed. Each comes with their pros and cons. The con of all coin systems is a lack of regulation and central authority. Thus when things go tits up, there will be no insurer and no authority to cry to. You play stupid games you win stupid prizes. Think about that as you claim its the second coming. Furthermore, you're distributed over a network you don't control. Thus, it's not as secure as you'd think it is. Users of Tor learned this the hard way did they not? The whole point of proof of work is to be as inefficient as possible w.r.t to securing transactions thus has no viability in the long term. Proof of stake = after the ponzi scheme has ran up in value backed by computational resources/energy, lock in a floor price using stakeholders. Furthermore, the whole idea of coin systems is inflation via artificial scarcity. So, fundamentally it is a ponzi scheme at its core and is no better than old school financial or monetary systems. It is in fact worse because there is no central authority and no one to hold accountable when things go tits up.

PoS systems.. I'm quite familiar as I am with the technical details of how financial systems functions as well as how coin systems function at a deep level. It's why I've made the comments I have.

The aim of coin systems isn't to be a viable transactional system, in their current form they have fundamental flaws that will prevent them from ever becoming pervasive :
https://motherboard.vice.com/en_us/article/9kkd4d/heres-why-people-dont-buy-things-with-bitcoin

New/Modern Viable/secure transactional systems already exists in many flavors as do PoS terminals that have disrupted the prior dominant players. Coin systems will never become this and are nothing but out of network fiat ponzi schemes just like the old systems they claim to best... albeit with even less accountability and more Zimbabwe like inflation (I'm guessing many of you think this is a feature though and is you sticking it to the man).. If you think this weekend dreamt ponzi scheme is going to disrupt the new modern players in PoS and transactional systems who focus on efficiency and least cost transactions, you're delusional. If you think this ponzi that has more volatility and inflation than Zimbabwe can actually become a viable currency, you're also delusional and skipped econ 101. All schemes have penny wise payouts until reality strikes. A reality every participant would have seen if greed wasn't blinding them.

So,Enjoy the run ... While it lasts.

 

[Charlie22911]

Take information as you chose to take it.


The problem's already been identified thus why it needs solving and has a solution...



Centralized vs. Distributed. Each comes with their pros and cons. The con of all coin systems is a lack of regulation and central authority. Thus when things go tits up, there will be no insurer and no authority to cry to. You play stupid games you win stupid prizes. Think about that as you claim its the second coming. Furthermore, you're distributed over a network you don't control. Thus, it's not as secure as you'd think it is. Users of Tor learned this the hard way did they not? The whole point of proof of work is to be as inefficient as possible w.r.t to securing transactions thus has no viability in the long term. Proof of stake = after the ponzi scheme has ran up in value backed by computational resources/energy, lock in a floor price using stakeholders. Furthermore, the whole idea of coin systems is inflation via artificial scarcity. So, fundamentally it is a ponzi scheme at its core and is no better than old school financial or monetary systems. It is in fact worse because there is no central authority and no one to hold accountable when things go tits up.

PoS systems.. I'm quite familiar as I am with the technical details of how financial systems functions as well as how coin systems function at a deep level. It's why I've made the comments I have.

The aim of coin systems isn't to be a viable transactional system, in their current form they have fundamental flaws that will prevent them from ever becoming pervasive :
https://motherboard.vice.com/en_us/article/9kkd4d/heres-why-people-dont-buy-things-with-bitcoin

New/Modern Viable/secure transactional systems already exists in many flavors as do PoS terminals that have disrupted the prior dominant players. Coin systems will never become this and are nothing but out of network fiat ponzi schemes just like the old systems they claim to best... albeit with even less accountability and more Zimbabwe like inflation (I'm guessing many of you think this is a feature though and is you sticking it to the man).. If you think this weekend dreamt ponzi scheme is going to disrupt the new modern players in PoS and transactional systems who focus on efficiency and least cost transactions, you're delusional. If you think this ponzi that has more volatility and inflation than Zimbabwe can actually become a viable currency, you're also delusional and skipped econ 101. All schemes have penny wise payouts until reality strikes. A reality every participant would have seen if greed wasn't blinding them.

So,Enjoy the run ... While it lasts.

I would ask that if you have nothing constructive to add to the topic that you kindly refrain from posting in this thread and create your own crypto-bashing thread in OT. I'm not saying what you have posted is without merit, just that it doesn't belong in this thread.

Back on topic - I'm still making around double my electricity costs. And I mean total electricity costs, including non mining costs such as cooling my beverages.
I've been using nicehash, but I've traded some to acquire ETH in the past. Equihash is the breadwinner for me, though LBRY and ETH get attention depending on the market.

 

[Madpacket]

I would ask that if you have nothing constructive to add to the topic that you kindly refrain from posting in this thread and create your own crypto-bashing thread in OT. I'm not saying what you have posted is without merit, just that it doesn't belong in this thread.

Back on topic - I'm still making around double my electricity costs. And I mean total electricity costs, including non mining costs such as cooling my beverages.
I've been using nicehash, but I've traded some to acquire ETH in the past. Equihash is the breadwinner for me, though LBRY and ETH get attention depending on the market.

I believe this same fool is spewing similar nonsense over in /r/amd. Just ignore the troll, he doesn't understand the basic fundamental structures of how a modern society works, or how our current financial system has been rigged since JP Morgan made it this way on Jekyll Island by establishing the Federal Reserve over 100 years ago. We don't need this nonsense here.

Back on topic, I picked up a 850W EVGA P2 for my new Vega WC / Ryzen 1700X system tonight . Hope to have it built soon and see how it goes. Will likely turn this into a Monero miner while not gaming even though I despise Fluffypony. ZKSnark integration with on chain Ethereum is still a ways off so it could be lucrative.

 

[IntelUser2000]

I believe Ethereum should focus on being a decentralized platform/service, not currency. There's already one for that, Bitcoin.

An online currency that does not have a physical form can never be a world currency, or even a widely used one. Many parts of the world still rely on physical transactions.

I also do not believe in the extreme view that its a Ponzi scheme and its doomed to fail. Traditional currencies aren't immune either. If say, tomorrow a crisis unfolds and food/water/shelter becomes rare, things like money, jewellery, electronics, all become useless. You can't even use cash as a proper toilet paper or tissue paper, because its unsanitary.

Digital currencies are no more of a "Ponzi scheme" than startups are Ponzi schemes. You know what are Ponzi Schemes? Ponzi Schemes. Stop using words that aren't exactly what they are and merely a highly exaggerated example of what you are trying to represent.

 

[dajeepster]

for my new Vega WC / Ryzen 1700X system tonight . Hope to have it built soon and see how it goes. Will likely turn this into a Monero miner while not gaming even though I despise Fluffypony. ZKSnark integration with on chain Ethereum is still a ways off so it could be lucrative.

use either the vega beta drivers or the blockchain drivers. Don't use 17.8.1 drivers.. 10% hash rate lost with 17.8.1. I'm messing with 17.8.2 now to see how they are doing.
If you are just mainly concerned about etherium, then the blockchain drivers are better. If you are multiple algorithms, then the beta drivers are better suited.

 

[thilanliyan]

use either the vega beta drivers or the blockchain drivers. Don't use 17.8.1 drivers.. 10% hash rate lost with 17.8.1. I'm messing with 17.8.2 now to see how they are doing.
If you are just mainly concerned about etherium, then the blockchain drivers are better. If you are multiple algorithms, then the beta drivers are better suited.

What are your Vega mining rates?

 

[VirtualLarry]

https://bitcoin.org/en/download

What does it mean, when your BitCoin wallet says "Warning: Unknown block versions being mined! It's possible unknown rules are in effect."

Is this a bad sign? I think that I have the newest version of the software from the above link.

I'm expecting a deposit soon from NiceHash Miner. Should I be worried?

Edit: Whew, no worries. Got my BTC deposit from NiceHash. At least, it says "Pending". (How long does it take to go to available? When that block is mined?)

Edit: Should I be using the beta "blockchain driver" on my AMD cards? Does it only offer a performance advantage on Polaris, or also on, say, a pair of 260X cards? (Can they mine?)

 

[VeryCharBroiled]

https://bitcoin.org/en/download

What does it mean, when your BitCoin wallet says "Warning: Unknown block versions being mined! It's possible unknown rules are in effect."

Is this a bad sign? I think that I have the newest version of the software from the above link.

I'm expecting a deposit soon from NiceHash Miner. Should I be worried?

no worries. its a side effect of segwit being active. seems some pools are still signaling support for segwit even though its activated and that support signal is no longer needed.

technically its (at least as i understand it, im no expert on this and i welcome any corrections) because the particular bit in the block header that was used to signal segwit support is no longer needed (since segwit is active now) and should be zero now but some blocks still come through with that bit set. makes core think something else like a new rule is being signaled. but as long as blocks are otherwise valid core accepts them and gives that warning. sooner or later all pools will update their software (or core will be updated to ignore this now useless bit) and this warning will go away.

i just received my nicehash payout btw.

 

[DrMrLordX]

The con of all coin systems is a lack of regulation and central authority.

Gee, I'd sure love to wind you up and set you loose on some Bitcoin maximalists.

Thus when things go tits up, there will be no insurer and no authority to cry to. You play stupid games you win stupid prizes. Think about that as you claim its the second coming.

Dude where did all this vitriol come from? Everyone here has warned repeatedly that Ethereum is speculative and that we could lose everything. So far that hasn't happened, but ETH could easily go to $0. We all know the risks. Nobody has claimed anything is "the second coming". Why do you come to this thread to insult its participants?

Furthermore, you're distributed over a network you don't control. Thus, it's not as secure as you'd think it is. Users of Tor learned this the hard way did they not?

What does Tor have to do with anything? Blockchain tech and onion routing are not the same thing, either in concept or in implementation.

The whole point of proof of work is to be as inefficient as possible w.r.t to securing transactions thus has no viability in the long term.

Right, because fiat cash-backed systems are sooooo much more efficienct. Oh wait, no they aren't.

Proof of stake = after the ponzi scheme has ran up in value backed by computational resources/energy, lock in a floor price using stakeholders.

There are tokens launching with PoS, like OmiseGO. ANS/NEO has had dBFT since its inception. ETH is one of the few making the transition from PoW to PoS.

Furthermore, the whole idea of coin systems is inflation via artificial scarcity.

You mean deflation? Do you understand economics?

PoS systems.. I'm quite familiar as I am with the technical details of how financial systems functions as well as how coin systems function at a deep level. It's why I've made the comments I have.

Mmmhmm.

The aim of coin systems isn't to be a viable transactional system, in their current form they have fundamental flaws that will prevent them from ever becoming pervasive :
https://motherboard.vice.com/en_us/article/9kkd4d/heres-why-people-dont-buy-things-with-bitcoin

https://motherboard.vice.com/en_us/article/9kkd4d/heres-why-people-dont-buy-things-with-bitcoin

Right because everyone has to wait two days for a $9 transaction over a blockchain. Ooops $44 million worth of ETH was transferred for only $.13 in fees. Oh by the way, you heard of Plasma?

New/Modern Viable/secure transactional systems already exists in many flavors as do PoS terminals that have disrupted the prior dominant players.

They're all still backed by fiat. Anyone who holds fiat in any account has the right to demand physical bills and/or coins for every unit of currency held in that account. Do you understand the implications of that?

albeit with even less accountability and more Zimbabwe like inflation

Do you understand what is inflation? Where is the inflation? Hell BTC is trading around $4.4k, that's hardly inflationary.

If you think this weekend dreamt ponzi scheme is going to disrupt the new modern players in PoS and transactional systems who focus on efficiency and least cost transactions, you're delusional.

Wtf are you going on about? Do you have any idea who is signing on to use blockchain technology? Have you been paying any attention at all?

If you think this ponzi that has more volatility and inflation than Zimbabwe can actually become a viable currency, you're also delusional and skipped econ 101.

Again, do you understand inflation at all? Who are you to accuse people of not understanding the fundamental principals of economics?

Is Zimbabwe the only country of which you know that has problems with inflation?

So,Enjoy the run ... While it lasts.

Okay! Will do.

 

[Headfoot]

Can't have a crypto mining thread to talk about ONLY how to make it work without a doomsayer

 

[dajeepster]

What are your Vega mining rates?

i don't know what they are off the top of my head... system at home. I'll post my benchmarks in about 10 hours when i get home from the 17.8.2 drivers.

my mining rates appear to be about the same as what i posted a couple pages back with the beta drivers. I'm currently using 17.8.2 for my vegas and i'm using the blockchain drivers for everything less than vega. If you are only going to mine etherium on vega, then the blockchain drivers are the way to go. If you are going to mine multiple algo, i would recommend 17.8.2. that's my current analysis. I did a clean install of windows 10 pro with the 17.8.2 drivers.

 

[dajeepster]

Can't have a crypto mining thread to talk about ONLY how to make it work without a doomsayer

to be honest... this happened back in 2011 when bitcoin mining first started, in the Distributed Computing forums... in fact, i was one of the naysayers, until i made my first bitcoin.

 

[VirtualLarry]

in fact, i was one of the naysayers, until i made my first bitcoin.

Yeah, it's scarily-addictive, once you realize, that you can make money doing this.

 

[Yakk]

Yeah, it's scarily-addictive, once you realize, that you can make money doing this.

And once you have this money in pocket... There's no going back!

 

[dajeepster]

Yeah, it's scarily-addictive, once you realize, that you can make money doing this.

I remember back in the day.. i think it was 2010, i floated the idea of renting my rigs to help people pad their DC stats. I think i was the top DC contributor for Team Anandtech at that point

And once you have this money in pocket... There's no going back!

i've tried many times... but then something comes up where that hardware is profitable again. I was even thinking about it again a couple weeks ago, when i got a message from someone in the DC forums. I'm still like in the top 10 for the team in all time stats, and i haven't DC'd since i started BTC.

 

[dajeepster]

Skein - SgminerSkein - DigibyteSkein - 637.79 MH/s
Equihash -Claymore - Zcash - 483 H/s
MyriadGroestl -Sgminer - DigibyteGroestl - 84.05 M/s
Cryptonight -FireiceAmd0 - Monero - 980.60 H/s ... claymore cryptonight wouldn't run
Keccak -Sgminer - Maxcoin - 620.39 MH/s
Groestl - Sgminer - Groestlcoin - 45.08 MH/s
NeoScrypt - SgminerNeoscrypt - Feathercoin - 230.00 KH/s
Lyra2RE2 - Sgminer - Vertcoin - 25.62 MH/s
Lyra2z - SgminerLyra2z - Zcoin - 825.00 MH/s
X11 - Sgminer - Dash - 18.58 MH/s
Yescrypt - Sgminer - myriadcoinYescrypt - 1.00 KH/s
Ethash - Claymore - ethereum - 33.68 MH/s
Ethash2gb - Claymore - musicoin - 37.66 MH/s

Here's my updated results with two vega 64.. the results above are with one vega64
Below with two vega 64 and 17.8.2 drivers on window10 pro (fresh install) and visual studio 2013 (did this just to make sure i have all the files without having to find a bunch of miner files for compatibility)

Skein - SgminerSkein - DigibyteSkein - 1.28 GH/s
Equihash -Claymore - Zcash - 970.64 H/s
MyriadGroestl -Sgminer - DigibyteGroestl - 166.70 M/s
Cryptonight -FireiceAmd0 - Monero - 982.05H/s ... claymore cryptonight wouldn't run
Cryptonight -FireiceAmd1 - Monero - 981.68 H/s
Keccak -Sgminer - Maxcoin - 1.36 GH/s
Groestl - Sgminer - Groestlcoin - 93.42 MH/s
NeoScrypt - SgminerNeoscrypt - Feathercoin - 490 KH/s
Lyra2RE2 - Sgminer - Vertcoin - 55.70 MH/s
Lyra2z - SgminerLyra2z - MyriadcoinYescrypt - 1.00 MH/s
X11 - Sgminer - Dash - 33.99 MH/s
Yescrypt - Sgminer - myriadcoinYescrypt - 1.0 KH/s
Ethash - Claymore - ethereum - 64.87 MH/s
Ethash2gb - Claymore - musicoin - 75.42 MH/s

 

[VirtualLarry]

New NiceHash version - if you own an older AMD GCN card like an R9 270X, DO NOT UPDATE.

Even with the newest AMD "Blockchain driver beta" drivers installed, NiceHash now says "No compatible devices found", and refuses to run.

I had to revert back to 2.0.0.12 beta.

 

[DrMrLordX]

Wow, ETH difficulty shot through the roof, as expected. Earnings are down by 25% at least.

 

[IEC]

Wow, ETH difficulty shot through the roof, as expected. Earnings are down by 25% at least.

A year ago, I would have made 5x (or more) ETH in a day that now takes a month to mine. Granted, the price per ETH has increased quite a bit, but not quite as much as the difficulty has.

 

[dajeepster]

New NiceHash version - if you own an older AMD GCN card like an R9 270X, DO NOT UPDATE.

Even with the newest AMD "Blockchain driver beta" drivers installed, NiceHash now says "No compatible devices found", and refuses to run.

I had to revert back to 2.0.0.12 beta.

sometimes you just need to do a driver reinstall when that happens and that fixes the problem... sometimes..
You should try MultiPoolMiner... i'm mining on nicehash without having to use thier software... all my benchmarking times goes to my wallet and not nicehash's wallet.