Ethereum GPU mining?

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Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Does this apply to hardware wallets like the Ledger Nano S? It has "apps" on it.

Anything can be programmed with bugs in it that forces a program to change its behaviour. You have to trust the Ledger folks who've written the crypto currency plugins or apps for the Ledger Nano S which are loaded via the Ledger Manager application. There is binary signing (AFAIK) between the apps and app manager to ensure the Ledger isn't running some modified Ether plugin (as an example), but if the bad actors are able to tamper the binary before it's signed by Ledger, there's not much you can do.

There are other protections in place (like the private keys being held on a separate tamper proof chip normally referred to as a "secure enclave") but without a deep dive of the binary behaviour with the plugins it's tough to say for certain what's actually happening. Monitoring all traffic between all devices (not just network traffic) is also the type of secure audits you want performed on these types of devices.

I believe some security expert at Consensys looked at both the Ledger Nano S and the Trezor (another popular hardware wallet) and came to the conclusion the Ledger was superior in almost every way from a security perspective but still had one issue needing to be resolved.

That being said these types of devices need continuous security audits as supply chain management, sourcing of identical parts over long periods of time, secure patch management of known vulnerabilities, and having a trusted staff will always be a challenge.
 

thilanliyan

Lifer
Jun 21, 2005
11,944
2,174
126
Anything can be programmed with bugs in it that forces a program to change its behaviour. You have to trust the Ledger folks who've written the crypto currency plugins or apps for the Ledger Nano S which are loaded via the Ledger Manager application. There is binary signing (AFAIK) between the apps and app manager to ensure the Ledger isn't running some modified Ether plugin (as an example), but if the bad actors are able to tamper the binary before it's signed by Ledger, there's not much you can do.

There are other protections in place (like the private keys being held on a separate tamper proof chip normally referred to as a "secure enclave") but without a deep dive of the binary behaviour with the plugins it's tough to say for certain what's actually happening. Monitoring all traffic between all devices (not just network traffic) is also the type of secure audits you want performed on these types of devices.

I believe some security expert at Consensys looked at both the Ledger Nano S and the Trezor (another popular hardware wallet) and came to the conclusion the Ledger was superior in almost every way from a security perspective but still had one issue needing to be resolved.

That being said these types of devices need continuous security audits as supply chain management, sourcing of identical parts over long periods of time, secure patch management of known vulnerabilities, and having a trusted staff will always be a challenge.
Do you trust it to keep your funds? Or do you for example split up funds between several different wallet types?
 

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
Make sure you've benchmarked both, and assigned the new values of the benchmark to the profile that's being used (that way it knows which coins you mine the fastest).

Note: You can probably get away with just benchmarking one, and copying over the benchmark values to the profile of the other... might even be a way to just extract/export/xml copy the values if they're stored somewhere.

Hm, the only problem that I seem to have now is that I can't figure out how to get Awesome Miner to apply a different profile for different GPUs. I've created two performance profiles (one for each card) and I can assign performance profiles to specific mining instances. The problem is that the program won't let me assign hardware to specific mining instances. Is it because I have the free version?
 

[DHT]Osiris

Lifer
Dec 15, 2015
15,266
13,569
146
Hm, the only problem that I seem to have now is that I can't figure out how to get Awesome Miner to apply a different profile for different GPUs. I've created two performance profiles (one for each card) and I can assign performance profiles to specific mining instances. The problem is that the program won't let me assign hardware to specific mining instances. Is it because I have the free version?
I don't think you can do per-GPU profiles, at least not with the free version (what I'm using). You can use different profiles per-miner though, so like I've got my desktop with one profile based on my GTX1080, then another profile for my basement miner full 'o 1080ti's which is being run remotely.

I know that one of the paid versions also includes like, per-coin overclocking per-GPU or something, so I bet at some point there's a tier that lets you do per-GPU profiles for mismatched GPUs. Also kinda sucks because you can't turn off one GPU from mining.... my main rig has a 1080 and 960, when I had nicehash I'd just disable the 1080 when I was going to game/do stuff, let the 960 keep chugging, now I have to turn off both. Luckily the 960 is pretty crappy at mining overall so it doesn't matter that much for the ~8h a day I might have it disabled.
 

VeryCharBroiled

Senior member
Oct 6, 2008
387
25
101
Does this apply to hardware wallets like the Ledger Nano S? It has "apps" on it.

the trezor does not use apps, the supported coins are in the firmware. it supports like 7 or 8 coins. the nano does use apps and supports many more coins through apps.. i just got a nano for the extra coins the app supports. guess ill be learning..
 

thilanliyan

Lifer
Jun 21, 2005
11,944
2,174
126
the trezor does not use apps, the supported coins are in the firmware. it supports like 7 or 8 coins. the nano does use apps and supports many more coins through apps.. i just got a nano for the extra coins the app supports. guess ill be learning..
Okay, so then you have to trust the Trezor firmware I guess? Is the firmware open source?

From what I know the nano S apps are open source (I see the in-progress monero app on github for example)?
 

Batmeat

Senior member
Feb 1, 2011
803
45
91
So, having been out of mining for quite some time now I’d like to jump back in. I was mining bitcoin a long time ago and lost everything when Mt. Gox declared bankruptcy. Bitcoin mining is pointless now.

I’ve been reading through his thread, but it’s 174pgs long, so admittedly I haven’t gone through it all. From what I can tell though, ETH and XMR look pretty good and if you have a dedicated stand alone miner, litecoin could be good too. What I don’t have a good answer for is a mining pool to join. I’d love some recommendations or even if there are a bunch anandtech people using a specific mining pool I’d jump on.
 

IntelUser2000

Elite Member
Oct 14, 2003
8,686
3,786
136
I am hearing that some people are taking out mortgages and various loans to buy into Bitcoin.

“We’ve seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines,” Joseph Borg, president of the North American Securities Administrators Association, told CNBC today.

The next few years might get worrying for it. If enough people start making such brain-dead decisions, and another financial storm happens, governments are going to intervene.

Steam has also pulled support from being able to pay in Bitcoin. They said the reason was because the price fluctuation is too extreme. I agree with that statement. Something that wants to be a currency needs to be more stable.

I do not agree with those that believe cryptocurrencies are a way to get away from the government. If they believe cryptocurrencies should be taxed, then you should pay that tax. Eventually if they feel it impacts the greater market it will be pursued by them. I hope Ethereum quickly finds support among those that see it beyond a speculative currency and into real usage scenarios it promised. And I mean it in a legal way, not to support a shady black market as crypto did with the silk road and such.
 
Reactions: Madpacket

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
Steam has also pulled support from being able to pay in Bitcoin. They said the reason was because the price fluctuation is too extreme. I agree with that statement. Something that wants to be a currency needs to be more stable.

The fees are also a huge problem. Fees can be anywhere from $16-20 and have seen a high of $25. The higher fee you pay, the more likely it is that your transaction will get onto the next block for processing. Valve said that the fees were less than a dollar when they started accepting Bitcoin, which is likely better than credit card fees. (If I recall, they're usually around 2.5%?)

This is why I don't understand why anyone would ever use Bitcoin for anything except for large transactions. Why does it actually have any value? Why does the value keep increasing when it seems like people just use it as a get-rich-quick investment scheme?

This is why I tend to look more at alt-coins and figure out which might have a potential to find a use... even if it's a bit of a niche one. I'm probably leaning more toward XMR (Monero) and a newer one called Electroneum at this point. They both use the same algorithm, and Electroneum is new enough that it's at sub-dollar price.
 

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Do you trust it to keep your funds? Or do you for example split up funds between several different wallet types?

It's not a matter of trust, it's a matter of risk tolerance. The Ledger Nano S is currently the safest hardware wallet to manage Crypto-Currency. The Trezor is also pretty decent (have one each) but lags behind in some key areas.

If you're just looking at cold storage a paper wallet generated by an always offline computer can be used as an alternative.
 

fleshconsumed

Diamond Member
Feb 21, 2002
6,485
2,363
136
Little disappointed that ETH isn't moving in price anywhere. A Litecoin is now worth 2/3rds of ETH, really?
 

ozzy702

Golden Member
Nov 1, 2011
1,151
530
136
This is why I tend to look more at alt-coins and figure out which might have a potential to find a use... even if it's a bit of a niche one. I'm probably leaning more toward XMR (Monero) and a newer one called Electroneum at this point. They both use the same algorithm, and Electroneum is new enough that it's at sub-dollar price.

If the Electroneum team can get their act together it looks promising. It goes live tomorrow. I've mined a bunch but the pools are really flaky. I'll probably pop a few ETH's worth on some if it drops like I think it will.
 

IntelUser2000

Elite Member
Oct 14, 2003
8,686
3,786
136
This is why I don't understand why anyone would ever use Bitcoin for anything except for large transactions. Why does it actually have any value? Why does the value keep increasing when it seems like people just use it as a get-rich-quick investment scheme?

This is currently true for ALL cryptocurrencies. It's a near entirely speculative currency.

Even for those that are said to be having value, like Gold, heck even wheat, rice, milk, can be driven to crazy values by speculators.

I'm really getting worried. I hope for long term development of Ethereum, but this kind of a rise might trigger the next economic crisis. And its going to fall in a greater way than everything, just because the value has risen so much. It's going to make the mortgage crisis look like a dull day.
 

Aikouka

Lifer
Nov 27, 2001
30,383
912
126
If the Electroneum team can get their act together it looks promising. It goes live tomorrow. I've mined a bunch but the pools are really flaky. I'll probably pop a few ETH's worth on some if it drops like I think it will.

I've looked into mining it, but I haven't started yet. I read some remarks that only one of the pools seems to be stable. (I forget which one it was as I just left the website open.) Although, people seem to be very wary about leaving the future of a coin so heavily skewed to one mining pool. I might also just take some of my other currency and push it toward ETN.

This is currently true for ALL cryptocurrencies. It's a near entirely speculative currency.

I don't have a problem with there being a bit of a speculative nature to it. My problem with BTC is that its limitations seem to be making it unusable for the more basic transactions. If that's the case, then why is it still useful? Is it trying to get positioned as sort of the "back-end coin" that others are all based off of?

Even for those that are said to be having value, like Gold, heck even wheat, rice, milk, can be driven to crazy values by speculators.

The problem is that all of those have actual uses for them. Even if people stop using gold as a form of currency, it can still be used in jewelry and such. If people stop using BTC in smaller transactions, who will use it? I'm just wondering if we're going to see people move further and further away from actually using BTC and simply investing in it. If that occurs, what's the point in even using it?
 

IntelUser2000

Elite Member
Oct 14, 2003
8,686
3,786
136
I don't have a problem with there being a bit of a speculative nature to it. My problem with BTC is that its limitations seem to be making it unusable for the more basic transactions. If that's the case, then why is it still useful? Is it trying to get positioned as sort of the "back-end coin" that others are all based off of?

I guess we can argue investing itself is a usage scenario. That's what general money allows us to do. A store of wealth.

I can't see at this point how the usage would be more widespread. The opposite is happening.

A bit of a surprise that Bitcoin futures now exist.
 

Dulanic

Diamond Member
Oct 27, 2000
9,951
570
136
Man do I wish I kept more of my crypto currencies long term. This feels like the housing bubble in the US... I mean this money doesn't come out of thin air (USD, obviously), lot's of people are going to lose a shitload when this all comes crashing down. During the meantime, I'll enjoy it. BTC just hit 17.5K again? Some people are very very very happy and very rich.

If I'm wrong about it being a bubble so be it, but hell no am I going to buy in at a seriously inflated high like this.
 

IntelUser2000

Elite Member
Oct 14, 2003
8,686
3,786
136
Evolution of bitcoin:

Don't forget anyone can be right when looking at a narrow enough timeline.

In the previous years people weren't putting mortgages on their homes and getting loans to buy Bitcoin. I doubt its going to crash soon either, but this is starting to up the risk by a lot.
 

Yakk

Golden Member
May 28, 2016
1,574
275
81
Don't forget anyone can be right when looking at a narrow enough timeline.

In the previous years people weren't putting mortgages on their homes and getting loans to buy Bitcoin. I doubt its going to crash soon either, but this is starting to up the risk by a lot.

People have gambled away their house & cars on poker games before. People were getting mortgages they couldn't afford. People buy/lease cars they can't really afford. Having irresponsible, or people with diagnosed issues is nothing new or particular to crypto-currencies. It's unfortunate to be sure, but nothing to do with crypto itself really.
 

fleshconsumed

Diamond Member
Feb 21, 2002
6,485
2,363
136
Any word on how the new Adrenaline drivers are for mining?
Supposedly they give 15% boost over regular Crimson drivers, but I have no idea about the delta compared to "mining" drivers. I'll be installing tonight when I get home.
 
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