Ethereum GPU mining?

[Crono]

It's a pity Curecoin didn't do better than it did. Now it's delisted on Poloniex and probably never going anywhere.

Yeah, I was following it from pre-launch but it never got any traction, unfortunately. I really liked the concept and hope we see more projects merging mining and DC, especially once Ethereum switches over to PoS. When cryptocurrencies like Primecoin, Namecoin, etc came out it was obvious that having mining do actual work or serve as storage was a better use of mining resources than some of the direct clones of Bitcoin.

 

[DrMrLordX]

I was talking about distributed computing, like seti and folding at home... in the good ole days, we wrecked our computers for free..

Oh I know, it's just that had CureCoin been based on better blockchain technology, we'd see continued interest in DC. It would also go a long way to prevent ASIC mining from taking over by assuring that actual work would have to be done to earn any kind of coinage. ASICs are too limited to be useful for most DC projects (I would assume). FPGAs, on the other hand . . .

Yeah, I was following it from pre-launch but it never got any traction, unfortunately. I really liked the concept and hope we see more projects merging mining and DC, especially once Ethereum switches over to PoS. When cryptocurrencies like Primecoin, Namecoin, etc came out it was obvious that having mining do actual work or serve as storage was a better use of mining resources than some of the direct clones of Bitcoin.

Once ZCash fades from the scene (which it will, either as a merger with Ethereum or lack-of-interest once Ethereum implements zksnark) and Ethereum goes into "ice age" mode, there will be a lot of mining/DC capacity out there looking for legit targets. BTC mining is dead. Decred is . . . iffy. The market is ripe for a replacement or reboot of CureCoin using a more-robust blockchain.

 

[wege12]

Do you guys predict ethereum being more valuable than Bitcoin one day?

 

[beginner99]

WTF now it it's valued at $186? Damn, damn. I planned to buy for 10k last year. But then issues happend and I pussied out. 10k at roughly $10 dollars would mean $186k now. OMG.

 

[Crono]

Do you guys predict ethereum being more valuable than Bitcoin one day?

Yes, but because there is more ether than bitcoin (almost 6x more ether than bitcoin), they aren't going to switch overnight. Or at least probably not overnight... the investment flowing into crypto is a bit crazy right now. Ether is already about half the size of bitcoin in market cap at the moment.

 

[Mercennarius]

Do you guys predict ethereum being more valuable than Bitcoin one day?

Yes.

 

[Ancalagon44]

Holy crap! I've doubled the amount of "money" I've made from Eth mining in the last week.

I've now made enough money to pay off my GPU and all of the electricity used.

Not that I'm going to sell my Ethereum anytime soon!

 

[ozzy702]

Yes, but because there is more ether than bitcoin (almost 6x more ether than bitcoin), they aren't going to switch overnight. Or at least probably not overnight... the investment flowing into crypto is a bit crazy right now. Ether is already about half the size of bitcoin in market cap at the moment.

Exactly, which means market parity with BTC will come in the $325-$350 range. It will be interesting to see where things head from there. Even with the immense raping the .gov is going to give me I'm stoked for the potential long term cashout. I just wished I'd heard of ETH sooner and invested heavier.

 

[DrMrLordX]

I'm still upset that I didn't buy more when it was trading at $6.70 per token in December. But I digress.

ETH will only pass BTC in per-token value when BTC inevitably collapses under its own weight. Though ETH should swell nicely in value once mining slows down.

 

[IEC]

I don't think BTC will collapse any time soon. It is likely to continue to be the "gold" of the crypto-commodity world in the near-term sheerly due to inertia, though I do think ETH will eventually supplant it for most of the more useful applications, including financial transactions.

 

[Madpacket]

Hindsight is always 20/20. I sold over 400 BTC for roughly $6.00 each and was happy just to have proceeds to pay for a couple 7970's lol.

Some of you may recall about a year ago me building all those milk crate miners. I sunk a good 15 to 20K into my gear and still pay the $800+ hydro bills each month. I also sold half of my Bitcoin to buy the mining gear and to buy up a good amount of Ether (roughly 50/50). I could have just bought a ton of Ether instead of mining gear but I wanted to hedge my bets in case the things went south. I recall friends and family asking me why the hell am I building all these miner's thinking I was trying to make up for my BTC regrets or something lol.

Explaining to my wife that paying the Hydro bill each month is the same as investing took a while for her to sink in. Mining ~6 Ether a day after The Daobacle was nice and the difficulty actually dropped for a while when the coin tanked in price. ZCASH was also a nice distraction.

With all the delays in PoS the mining gear has worked out pretty well all things considered. My 480's are still going strong and I'll continue mining until the Ice Age before flooding my local Kijiji with my loot. I'm still holding Ether as long as possible but put a down payment on a Tesla Model 3 (the new car, not the overpriced Nvidia card) and hope to pay a good chunk of it with the sale of my mining gear (and a few BTC if necessary). My existing car is an old rust bucket but it only needs to last another year or whenever the Model 3's finally arrive.

Anyway I want to thank Metalliax for starting this thread. If it wasn't for his post I wouldn't have started building rigs and buying up Ether well over a year ago. Also thanks to everyone else who was supportive during the rougher months. This thread is mostly filled with positive comments (a rarity for these forums) and some good knowledge.

To all who started late, don't fret. The BlockChain space will take over many existing industries. We're really at mid to late 90's compared to where the Internet was. Still plenty of opportunities out there. Blockchain and likely Ethereum (or possibly something better) will likely make up the new Internet. This is bigger than we can envision right now. No Kool-aid necessary

Fun times now, funner times ahead!

 

[DrMrLordX]

It's pretty fun right now, I must admit. Both ETH and ZEC have gone insane. People can't bring miners online fast enough to keep down those profits.

Not sure how much longer BTC can be "digital gold" when it becomes impossible to actually transfer it outside of the exchange where it's bought. It's like gold you can't get out of the safe deposit box. What good is that?

 

[wege12]

If I have two graphics cards in my PC (Fury X and 280x), is there a way to mine with just the 280x while I play games?

 

[wege12]

If you have enough peers, it should sync without a problem, and I don't think it requires admin privileges to do so. I installed Mist yesterday for the first in about a year, took about 20 minutes to sync without issue. Make sure you have enough space, as the blockchain takes ~16GB. Try deleting and reinstalling the wallet if it hasn't synced after an hour or two.

Uninstalling the Mist wallet on my PC won't jeopardize any ether that I have earned?

 

[Crono]

If I have two graphics cards in my PC (Fury X and 280x), is there a way to mine with just the 280x while I play games?

If you are using Claymore, use number keys to turn off the card you want to use, otherwise consult the readme for the relevant key or command line switch.

Uninstalling the Mist wallet on my PC won't jeopardize any ether that I have earned?

It won't if you've backed up your wallet properly. I'd import the wallet (or just use the private key) onto another machine (or smartphone) first and make sure it's working there before deleting the wallet on your main machine.

You should have the private key printed or written down somewhere safe, regardless. If your PC's drive gets damaged it's nice to know it's safe on paper, especially if it's offsite.

EDIT: and if you (or anyone else) suspects that the wallet syncing might be failing due to traffic shaping or some other routing issues related to your ISP, try using a VPN. Firewalls and security suites may also interfere with syncing.

 

[DrMrLordX]

If I have two graphics cards in my PC (Fury X and 280x), is there a way to mine with just the 280x while I play games?

You should be able to do just that. I used to do it on my Kaveri machine all the time. Just configure the mining software to use a particular GPU (Claymore's ETH miner has that capacity, as does Genoil's). For some reason I have problems doing it on my new rig with a pair of 390s, but I think it's a driver issue. It may be trying to put the cards in crossfire or something stupid like that.

 

[wege12]

It won't if you've backed up your wallet properly. I'd import the wallet (or just use the private key) onto another machine (or smartphone) first and make sure it's working there before deleting the wallet on your main machine.

You should have the private key printed or written down somewhere safe, regardless. If your PC's drive gets damaged it's nice to know it's safe on paper, especially if it's offsite.

EDIT: and if you (or anyone else) suspects that the wallet syncing might be failing due to traffic shaping or some other routing issues related to your ISP, try using a VPN. Firewalls and security suites may also interfere with syncing.

All I have right now are the encrypted and unencrypted JSON files. Is that all I need to backup the wallet?

I apologize for my extreme lack of knowledge on this subject but I sincerely appreciate all your help.

 

[Crono]

All I have right now are the encrypted and unencrypted JSON files. Is that all I need to backup the wallet?

I apologize for my extreme lack of knowledge on this subject but I sincerely appreciate all your help.

Yes, they are all you need for backup.
To me it's easier to have just the private key in paper wallet form, but the JSON file is the default/recommended back up method.

 

[Madpacket]

Just saw the price of ZEC this morning. Anyone know why it tripled?

 

[VeryCharBroiled]

All I have right now are the encrypted and unencrypted JSON files. Is that all I need to backup the wallet?

I apologize for my extreme lack of knowledge on this subject but I sincerely appreciate all your help.

all you need to do is back up the keystore folder, it has all the json files. back it up to several locations, including off site.

 

[Neurodog]

Just saw the price of ZEC this morning. Anyone know why it tripled?

JPMorgan Chase will use ZCash!

https://www.forbes.com/sites/lauras...-enterprise-blockchain-platform/#640780b57a33

Sadly for me I was mining Zcash for pump and dump...

 

[ioni]

Is it still feasible to mine these with graphics cards?

 

[Neurodog]

Is it still feasible to mine these with graphics cards?

Yes, as long as your Electricity is not too expensive... for me it's 0.08cent/kwh
I have 21 GPU's with a total power consumption of 5000 Watts.

My bill is about $350 per month. But I do have some solar panel on my house.

 

[IEC]

It's a little late to start mining now unless you have cards on hand. Looks like the 1-2 punch of gamers upgrading their rigs for the summer and the recent spike in all things crypto has led to short supply of Polaris cards... and higher prices. Not really surprised that's the case when the RX 480 I bought a little over two weeks ago has already mined 1/4 of its purchase price...

 

[thilanliyan]

JPMorgan Chase will use ZCash!

https://www.forbes.com/sites/lauras...-enterprise-blockchain-platform/#640780b57a33

Sadly for me I was mining Zcash for pump and dump...

That article also says this:
"an enterprise blockchain platform JPMorgan built on Ethereum"

What does that mean? They're using both Eth and Zcash together?