Ethereum GPU mining?

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2is

Diamond Member
Apr 8, 2012
4,281
131
106
He estimates $2/day profit, but that was three months ago that article was written.

Do you think that someone would see ROI on a $133 card (RX 560 4GB, no PCI-E power), at 12MH/s, running 24/7? And would doing so, interfere with the normal operation of the PC much? (No gaming, just web browsing, and a LOT of online stream / YouTube viewing.)

Thinking of trying to talk my friend into upgrading his GT610 card, in his Athlon II X4 640 3.0Ghz rig, it has 16GB of RAM and a 120GB SSD and Win7 64-bit. I was thinking of going halfsies with him on the card, and I would get the mining profits, until the card was paid off, then he would get whatever mining profits remained. And he would be left with a bona-fide upgraded GPU for that rig, probably the last upgrade he would ever need to make on that rig, save for possibly a larger SSD like a 240/250 or a 500GB Samsung 850 EVO, which has dropped to $140 recently.

I wanted to dabble in mining while being as efficient as possible. That meant using a computer that is already on 24/7. My sig rig isn't that machine. My HTPC however is, and up until now I was using strictly the onboard video. I ordered a 1060 that I just dropped in it today. I went into the bios and set the onboard as primary and enabled the dual GPU option. I kept my TV plugged into the onboard via HDMI and started her up, got the drivers installed and is currently mining some ETH. Since all my image processing on my TV is being done with my IGP, there is no lag. Nice thing is there is also no hit on my hash rate while I use the machine as I normally would.
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
He estimates $2/day profit, but that was three months ago that article was written.

Do you think that someone would see ROI on a $133 card (RX 560 4GB, no PCI-E power), at 12MH/s, running 24/7? And would doing so, interfere with the normal operation of the PC much? (No gaming, just web browsing, and a LOT of online stream / YouTube viewing.)

Thinking of trying to talk my friend into upgrading his GT610 card, in his Athlon II X4 640 3.0Ghz rig, it has 16GB of RAM and a 120GB SSD and Win7 64-bit. I was thinking of going halfsies with him on the card, and I would get the mining profits, until the card was paid off, then he would get whatever mining profits remained. And he would be left with a bona-fide upgraded GPU for that rig, probably the last upgrade he would ever need to make on that rig, save for possibly a larger SSD like a 240/250 or a 500GB Samsung 850 EVO, which has dropped to $140 recently.


I bought a Gigabyte 4GB 460 a while ago now for like $120 CAD (around $90 USD) and unlocked all the shaders. I've been mining on it for a while now (around 4 months I think). I haven't done the calculations but pretty sure it already paid for itself and then some. These cards along with the 1050 Ti's are overlooked as they only produce 12 - 14Mh but they sip power. If you can dual purpose them (use as Steam / HTPC) then they're perfectly justifiable to mine with. I just wouldn't go out of my way to make a rig full of 560's 1050 Ti's unless you can get them for stupid cheap.

Although power consumption is a little higher, the nice thing about the Polaris over Pascal is the cards make for a more pleasant HTPC or at least media playback/browsing experience as the hardware based ACE's tend to handle mining with additional loads better. Pascal cards tend to be more sensitive when mining, and interactively everything slows down. It's hard to explain but it's like adding an extra 200 - 500ms of latency where the Radeon's still feel snappy.

Now once you have a movie/netflix loaded the playback speed is just fine with Pascal, so they still work for this double duty, but you're probably better off going with the Radeon 560 for the cost savings (up front), more pleasant experience while mining, and don't mind the gaming performance deficit.
 

VeryCharBroiled

Senior member
Oct 6, 2008
387
25
101
Either or. How you go about it is limited only by imagination, budget, and technical acumen. Obviously a pumped system is going to add/remove heat more aggressively than a passive one, though you are still limited by the ground's ability to sink heat. Unless you live near a pond or lake.

yeah lakes/ponds are the best.

saw a "off the grid" cabin on tv that used air fan forced through 400 feet of ~3 inch pipe buried 6 feet down.. there was no mention of the temp delta though.
 

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
These cards along with the 1050 Ti's are overlooked as they only produce 12 - 14Mh but they sip power. If you can dual purpose them (use as Steam / HTPC) then they're perfectly justifiable to mine with.

I actually stopped mining on my 1050 Ti recently. It never seemed to make much to really leave it on (usually barely $1 per day). I'm actually tempted to replace the 1050 Ti with my 1080 from the 1080 Ti + 1080 machine. The biggest thing is distributing the heat load around my house! The only problem is that I put a Hybrid cooler on my 1080, and it never seems to turn the fan on. I'm guessing it's because the fan curve needs to be adjusted, but I'm not sure if there's an official BIOS that I can flash that will automatically adjust so I don't have to run MSI Afterburner.
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,440
5,429
136
I actually stopped mining on my 1050 Ti recently. It never seemed to make much to really leave it on (usually barely $1 per day). I'm actually tempted to replace the 1050 Ti with my 1080 from the 1080 Ti + 1080 machine. The biggest thing is distributing the heat load around my house! The only problem is that I put a Hybrid cooler on my 1080, and it never seems to turn the fan on. I'm guessing it's because the fan curve needs to be adjusted, but I'm not sure if there's an official BIOS that I can flash that will automatically adjust so I don't have to run MSI Afterburner.

1050 Ti at 70% power limit, +100 core, +900 mem (or better) is worth 14MH/s+ for Ethereum. And uses like 50W.
 
Reactions: Madpacket

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
I actually stopped mining on my 1050 Ti recently. It never seemed to make much to really leave it on (usually barely $1 per day). I'm actually tempted to replace the 1050 Ti with my 1080 from the 1080 Ti + 1080 machine. The biggest thing is distributing the heat load around my house! The only problem is that I put a Hybrid cooler on my 1080, and it never seems to turn the fan on. I'm guessing it's because the fan curve needs to be adjusted, but I'm not sure if there's an official BIOS that I can flash that will automatically adjust so I don't have to run MSI Afterburner.

Remember a dollar a day could be 2 or 3 dollars depending on the price of whatever the coin is you're mining.

One of the biggest mistakes I made years ago was to turn off my miner's when they became unprofitable (at the time) to mine on. This was during Bitcoin early days.

Anyways if I would have just left them mining I would have earned an extra 20 coins or so.

Hindsight is 20/20 but learn from my mistakes
 

IntelUser2000

Elite Member
Oct 14, 2003
8,686
3,786
136
I sold several hundred BTC for ~ $12... FML...

Eh.

I made a lot of mistakes with investing. First was with stocks. Then trading cryptos. Fortunately it wasn't a huge amount of money.

One thing I learned over the years. If you have net profits then don't fuss over it. If you earned several thousand in net profit out of the several hundred $12 BTC coins you sold, then you did a good job. You could have always done worse. What if it was sold when it was $2?

The only thing in life you can reverse is if you are a programmer.

Remember a dollar a day could be 2 or 3 dollars depending on the price of whatever the coin is you're mining.

Or it might not. I think that's why regarding money some people just stick to one strategy. At least its consistent. One way to counter that is more knowledge, but knowing what to learn is very hard.
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Eh.

I made a lot of mistakes with investing. First was with stocks. Then trading cryptos. Fortunately it wasn't a huge amount of money.

One thing I learned over the years. If you have net profits then don't fuss over it. If you earned several thousand in net profit out of the several hundred $12 BTC coins you sold, then you did a good job. You could have always done worse. What if it was sold when it was $2?

The only thing in life you can reverse is if you are a programmer.



Or it might not. I think that's why regarding money some people just stick to one strategy. At least its consistent. One way to counter that is more knowledge, but knowing what to learn is very hard.

Indeed. We all learn by making mistakes, some are just more costly than others. I sold several hundred Bitcoin at $5 - $6 and still turned a tidy profit. No one can predict the future but so far the mine and hold strategy seems to work out well with the more popular coins.
 
Reactions: IEC and Feld

Feld

Senior member
Aug 6, 2015
287
95
101
Well, China decided to ban Bitcoin again. So, prices are tanking across the board.
 

ozzy702

Golden Member
Nov 1, 2011
1,151
530
136
Well, China decided to ban Bitcoin again. So, prices are tanking across the board.

Yep, weak hands are dumping their crypto left and right. I'm perfectly happy to buy the dip and keep adding to my stack. If you're in it for the long term things like this just don't matter. How many times has China dicked with BTC now? Every time it rebounds stronger.
 
Reactions: Feld and Madpacket
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