Ethereum GPU mining?

[Yakk]

I'm in and out of BTC all the time, very nice.

ETH is gathering cobwebs I have to say though

 

[thilanliyan]

Ha. No.

I also hope everyone got out of BTC by now, and that you weren't trading in B2X futures . . .

R.I.P. SegWit2X

So what are they gonna do about the block size now?
BTC price still seems okay though.

 

[DrMrLordX]

Nothing. They are doing nothing. For now, anyway.

Price is creeping downward. It definitely stalled the upward momentum. Question is, how long can it stay there before it crashes? Maybe for awhile. ETH is moving up a bit though, which is nice.

The scary thing is those S2X futures were trading up to $1k, but now they don't even exist, unless some other dev team tries to make S2X happen on their own (without any help from the core devs).

 

[Yakk]

Well maybe some people figured out Bitcoin Cash already has what it needs cause it just shot up a few hundred dollars!

 

[DrMrLordX]

It looks like BTC is dumping and the money is moving into BCH. ETH is also starting to drop as well. Odd.

 

[Yakk]

Not odd imo... Looks like a setup for a bull run for BTC in the next few days. Shaking out the low stops to lower prices then buy in.

It's BCH I'm surprised at.

 

[Madpacket]

Glad I was too lazy to split and sell my handful of BCH, looking like it may actually gain adoption due to the S2X debacle.

Ether will be fine, just the $300 gravity well doing its thing via typical manipulation. I'm still bullish long term on Ether.

 

[Yakk]

Glad I was too lazy to split and sell my handful of BCH, looking like it may actually gain adoption due to the S2X debacle.

Ether will be fine, just the $300 gravity well doing its thing via typical manipulation. I'm still bullish long term on Ether.

Actually imo the push for BCH seems to come from 1 exchange in Korea so it looks like manipulation to me to see if a few other whales bite. BCH has a per-block difficulty adjustment possibility which certainly helps.

I'm not expecting anything from ETH short or medium term. Issues are scaring big money away it looks like.

 

[DrMrLordX]

I see no reason for a BTC bull run though. It has proven itself completely unreliable from a development perspective. At least BCH has larger blocks. ETH, I dunno what's going on there but it looks like manipulators are keeping it down.

 

[Yakk]

OMG! BCH might break $1,000! I guess a few whales bought in after all. It's just money moving back & forth with BTC, but still interesting.

I don't really see any manipulation for ETH going on. ETH might be useful, but being (arguably) inflationary is most probably hurting its value quite a bit, since I guess more than enough are being produced to meet demand, so no reason for the price to rise under current market conditions. More ETH has to be burned continuously than produced for it to gain in value. As a developement tool ETH very useful, as a medium to hold value not so much in its current form imo.

 

[DrMrLordX]

It is being manipulated, and held at ~$300. People have caught bots pushing thousands of microtransactions on major indices, trying to downsell it when it moves out of that range. Then miraculously it bounces back up when it drops below $300.

Currency issuance isn't a major factor right now.

 

[PhonakV30]

also BTG went from 170 to 280.....what a ridiculous market.....

 

[Yakk]

BCH at $1,250... I haven't even looked at BTG yet.

There are spam bots in every coin though, nothing too exceptional. ETH might be more affected by them than other coins more? It used to be an issue with BTC as well, not so much now since upgrade last summer.

 

[DrMrLordX]

Wow, BTC down to $6300, BCH and BTG going up. ETH going mostly nowhere.

Yeah the spam bots are an issue, and there's a lot behind them. ETH is basically being locked to $300. It may be the ICOs playing out ETH to make sure they don't make the market dump like it did earlier this year when it went down to $145 for a bit and then bounced back.

I have suspicions about what's really going on here, but one thing is for sure: despite the 14% annual currency issuance rate, ETH is having no problems maintaining $300.

 

[ozzy702]

Wow... absolutely insane. How far is BCH going to go? At this rate it will be top dog in a day. RSI has to be close to 100.

 

[PhonakV30]

BCH , One of Biggest DUMP in crypt's history! my god.I feel bad for someone who did short on $2800

 

[Yakk]

That must've been the biggest pump & dump I've ever seen, just wow! That is/was a *serious* money at work here to be able to move BTC like that in 24h.

Edit : when difficulty gets adjusted by x4 or x5 for BCH later today it will be quite interesting!

 

[DrMrLordX]

I know this isn't a crypto price thread, but the events of the last few days have been a bit stunning.

BTC has fallen below the allegedly-strong $6k support. Realistically speaking, BTC could correct to $1.8k-$3k which is about where it was before its slow bull run started this summer. BCH is also off its ATH, so one wonders where the money is going now.

 

[Yakk]

From what I've seen all the money for BCH is coming through Korea, not distributed around the world. It's a massive pump from the 1 or 2 main BCH mining farms which control the majority of BCH. But now difficulty adjusted and BTC is more profitable to mine again.

BTC support is around $5,000 not $6,000. Bear market for a good while yet for BTC.

 

[IntelUser2000]

Vega sucks for ETH mining. The only thing it wins in is density. Underclocked and undervolted RX 480s have been making bank since June 2016, and do so while staying cool and quiet. Not to mention I paid less for a pair of them than a single Vega.

I know its a bit late for the mining craze.

But I think the new Intel CPU with Radeon and HBM2 will do quite well on Ethereum mining. I mean, it has the bandwidth to do so, and its Polaris-based.

The top end is a 100W TDP part with 1536SPs, ~1.1GHz clock and HBM2 memory with 200GB/s bandwidth. The bandwidth is equivalent to 6.4GHz on Polaris 10 parts. Maybe 18MH/s base.

I assume the 100W TDP is basically equivalent to a 35W H-class CPU with 65W left for HBM2 and GPU. That leaves 60W for GPU and 5W for HBM2. Ether mining has the CPU at idle so the GPU and HBM2 has even more to work with. I'd think it'd do it under 70W though.

The efficiency is gained a bit because its probably a binned part for mobile, but the real gain is not needing extra PCB on a discrete Polaris part along with HBM2 being very efficient on a bandwidth to watt basis compared to GDDR5.

 

[DrMrLordX]

I do not think KBL-G or whatever it is, will be good for mining since ETH mining (and most crypto mining in general) is not very CPU intensive. I have a mining rig that is 4x Hawaii and a downclocked, undervolted 4c/4t Phenom.

You don't need that many CPU cores, and they certainly don't have to be in the Kaby range.

 

[IntelUser2000]

I do not think KBL-G or whatever it is, will be good for mining since ETH mining (and most crypto mining in general) is not very CPU intensive. I have a mining rig that is 4x Hawaii and a downclocked, undervolted 4c/4t Phenom.

You don't need that many CPU cores, and they certainly don't have to be in the Kaby range.

Yes, but did you forget the part it'll be based on Polaris and lots of bandwidth?

 

[DrMrLordX]

No. You're still matching 1 GPU to one CPU, which is just not favorable for mining. Something with a tiny ARM core and a barebones motherboard for I/O would be interesting though.

 

[coercitiv]

No. You're still matching 1 GPU to one CPU, which is just not favorable for mining. Something with a tiny ARM core and a barebones motherboard for I/O would be interesting though.

Since you're talking about ETH mining, wouldn't the 2GB VRAM also limit mining potential?

 

[DrMrLordX]

For ETH mining, yes. It would not work.