Ethereum GPU mining?

[Yakk]

Missed Zcash profit train also , need to study it more... and then probably trade into it at at an opportune time.

So much going on lately this could become a full time job to follow.

 

[Neurodog]

Missed Zcash profit train also , need to study it more... and then probably trade into it at at an opportune time.

So much going on lately this could become a full time job to follow.

I agree, I spend a lot of time after work doing research and watching Youtubers...

 

[DrMrLordX]

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?

Ethereum will eventually - perhaps even soon - implement the zksnark protocol on its blockchain. ZEC may as well be ETH and vice versa, if not now, then in the near future. I would expect that ZEC and ETH will merge into one token eventually, with a market cap equal to both.

 

[x3sphere]

Still hanging on to the ETH I bought at $7. This has been the best investment I ever made

Dunno, but I have a feeling ETH is going to surpass Bitcoin's market cap sometime this year. I don't think Bitcoin is going anywhere, it won't crash but I can see ETH becoming the more valuable coin.

 

[Yakk]

Interesting bit of news... Btc finally will upgrade it's protocol :

http://www.businessinsider.com/bitcoin-price-scaling-agreement-2017-5

We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal:

• "Activate Segregated Witness at an 80% threshold, signaling at bit 4
• "Activate a 2 MB hard fork within six months"

That should clear the way for a steeper price increase. Now if only they'd agree to pay the people running full nodes to fix the transaction times...

 

[Madpacket]

Ethereum will eventually - perhaps even soon - implement the zksnark protocol on its blockchain. ZEC may as well be ETH and vice versa, if not now, then in the near future. I would expect that ZEC and ETH will merge into one token eventually, with a market cap equal to both.

I read somewhere that zksnarks will be implemented in Metropolis, but there may be more to this, read below.

Anyone hear about Zen or ZenCash? Looks like a fork of ZCL (from the same creators) but with full security and other features tacked on. Launches May 30th..

https://zencash.io/
https://bitcointalk.org/index.php?topic=1819977.0

I think most of what they're proposing as being unique could be done with Ethereum aside perhaps some of the IDS or fingerprint hiding and payout scheme. I could see Ethereum eventually integrating this type of privacy natively but perhaps Zen will carve a niche out before Metropolis and future Ethereum hard forks.

What do you guys think?

 

[Madpacket]

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...

Yeah same for me. I mined Zcash and traded for Ether and BTC a while ago.

I'm confused now. So JPMorgan gets behind Zcash, but now we have Zen or ZenCash which looks to be a more complete and flexible secure blockchain, not just a currency but also for anon publishing etc (see my last post).

We also have ZKSNARKs being planned as native to Ethereum's next hard fork (Metropolis) which is the secure protocol all of these coins use (zcash, zcl, and now ZenCash on May 30th).

This is getting harder to keep track of lol.

Oh and we also have Monero (XMR) that uses a different secure protocol and is up to $55 USD per coin on Poloniex.

All of these are mineable as well but with the way Ether is increasing in value it's hard to switch over to these coins, epspecially with shared pools using PPLNS as it takes a good 24 hours or to switch between coins.

Am I the only one left just mining straight up Ether?

I hate dual mining as I find it can add instability, increases power requirements / heat output (summer heat is coming fast) and generally puts a lot more stress on my cards which I try my best to keep under 75 Celsius. I value up-time above all else and is probably the main reason I've stayed away from dual mining but I'm curious how others are mining these days.

 

[mangowarrior]

What are most ppl mining today?

The reason I ask is because I keep seeing ppl say ... "X currency isn't worth mining or it's too late to mine Y currency". But then I went to 2x Best buys and 1x Frys Electronics and their RX570s and 580s were completely sold out. Most online retailers are also sold out. Only Nvidia cards are in abundant supply. So obviously there is something worth mining. (I'm new to crypto mining)

 

[Madpacket]

What are most ppl mining today?

The reason I ask is because I keep seeing ppl say ... "X currency isn't worth mining or it's too late to mine Y currency". But then I went to 2x Best buys and 1x Frys Electronics and their RX570s and 580s were completely sold out. Most online retailers are also sold out. Only Nvidia cards are in abundant supply. So obviously there is something worth mining. (I'm new to crypto mining)

I can't speak for others' but I'm still mining Ether and it's profitable even at around 15 cents per KW. However the "Ice Age" has started so blocktimes are getting longer and payouts will be less going forward.

https://www.reddit.com/r/ethtrader/comments/6cyw3i/brace_yourself_mining_winter_is_coming/

I figure as long as supply and demand keep the current pace this won't pose much of a problem as a continued price increase should offset difficulty still allowing Ether mining to be profitable. Also with Metropolis coming there's supposedly a Ice age reset in place to give time until the core devs are ready to roll out Casper (Proof of Stake) which will probably take another year or so to roll out.

I suspect 570/580's are hard to come by as there's a lot more than just Ether to mine (and make big profits with) these days. Even though Nvidia has caught up (or even slightly surpassed AMD in performance per watt) much of the better software (Claymore) is still written with AMD cards first.

Also with Vega coming it'll likely take the performance per watt crown unless the 4096 cores act like they do with Fury X's.

 

[mangowarrior]

I can't speak for others' but I'm still mining Ether and it's profitable even at around 15 cents per KW. However the "Ice Age" has started so blocktimes are getting longer and payouts will be less going forward.

https://www.reddit.com/r/ethtrader/comments/6cyw3i/brace_yourself_mining_winter_is_coming/

I figure as long as supply and demand keep the current pace this won't pose much of a problem as a continued price increase should offset difficulty still allowing Ether mining to be profitable. Also with Metropolis coming there's supposedly a Ice age reset in place to give time until the core devs are ready to roll out Casper (Proof of Stake) which will probably take another year or so to roll out.

I suspect 570/580's are hard to come by as there's a lot more than just Ether to mine (and make big profits with) these days. Even though Nvidia has caught up (or even slightly surpassed AMD in performance per watt) much of the better software (Claymore) is still written with AMD cards first.

Also with Vega coming it'll likely take the performance per watt crown unless the 4096 cores act like they do with Fury X's.

Yeah I see that there are tons of other cryptocoins out there but I also read that some of them are scams (pump and dump.) Then there are exchanges that just suddenly disappear with ppls coins (wemineLTC.) Then there are ones like Dogecoin, a meme type currency, will businesses actually take Dogecoin seriously like they do with Bitcoin? It was funny and surreal to see a Nascar getting sponsored by Dogecoin.

I guess what it boils down to is wouldn't it be easier to just buy $100 each of say half the coins out there in hopes of them skyrocketing one day?

 

[Madpacket]

Yeah I see that there are tons of other cryptocoins out there but I also read that some of them are scams (pump and dump.) Then there are exchanges that just suddenly disappear with ppls coins (wemineLTC.) Then there are ones like Dogecoin, a meme type currency, will businesses actually take Dogecoin seriously like they do with Bitcoin? It was funny and surreal to see a Nascar getting sponsored by Dogecoin.

I guess what it boils down to is wouldn't it be easier to just buy $100 each of say half the coins out there in hopes of them skyrocketing one day?

It's much easier to just buy coins in the hope they rise in value but there's more risk involved. At least with mining you have something left over of value if the price of the coins tank. I recommend both (mining and buying) if you can afford it.

Yes there's a ton of crap coins but they're hard to completely write off. Some coins like LTC or ETC were all but dead not long ago and now they're trading over 10x their previous value. Most of this could be attributed to the "crypto bubble" which is, many coins through osmosis are gaining in value due to the price rise of Ether and BTC. There's also a ton of market manipulation on many of the exchanges.

There are reputable mining pools that payout at smaller intervals so I wouldn't worry too much about wemine etc, you can't lose that much if the payout threshold is low enough.

Anyways being new to crypto is tough (it's still tough for me and I've been involved since 2011) as things are changing so fast. Feel free to ask questions, most of us here are glad to help out.

 

[IEC]

I have been mining nothing but ETH for over a year now. I'm probably only 1/3 to 1/2 of Madpacket's total hash rate though.

 

[mangowarrior]

Alright I'll take a stab at mining ETH but not for the $, rather just to get my feet wet. Until I get a better understanding for this crypto world.

 

[IEC]

Alright I'll take a stab at mining ETH but not for the $, rather just to get my feet wet. Until I get a better understanding for this crypto world.

The one thing you have to be aware of if you are only mining on a handful of graphics cards is that some pools only pay out in 1 ETH increments (IIRC). So it may take quite some time to mine that much if you are only using 1-2 cards.

 

[VeryCharBroiled]

still dual mining eth/dcr at nicehash (pays out in btc) here. probably switch to eth/sc at nicehash when claymore updates his miner to support the nicehash version of stratum.

once the cards are setup well they are just as stable as single coin mining. so far the extra cost of additional power needed for dual mining is more than covered by the price of the decred mined. no problems with the card temps dual mining, my rig is open and in a unfinished basement. card temps are mid to high 60s.

once summer temps hit ill go to single coin mining and underclock for lower temps.

 

[thilanliyan]

I was mining zec at Nicehash, getting paid in BTC, then buying ETH, but looks like ZEC might have some value in it so I've switched to that for now.

 

[[DHT]Osiris]

What are most ppl mining today?

The reason I ask is because I keep seeing ppl say ... "X currency isn't worth mining or it's too late to mine Y currency". But then I went to 2x Best buys and 1x Frys Electronics and their RX570s and 580s were completely sold out. Most online retailers are also sold out. Only Nvidia cards are in abundant supply. So obviously there is something worth mining. (I'm new to crypto mining)

If you want to make life easy on yourself, just get nicehash. Manages everything for you, and currently making >$120/mo on a single 1080GTX, and closer to $180/mo if I've got all my gimpy cards running (+970gtx and 960gtx, harder with temps going up though).

EDIT: I stand corrected, prices went up further and I clearly wasn't paying attention. Currently @~$220/mo with 1080 + 960 (970 rig isn't running right this second), so assume somewhere around ~$300/mo with all 3.

Maybe it's time to build an actual mining rig...

 

[MrTeal]

If you want to make life easy on yourself, just get nicehash. Manages everything for you, and currently making >$120/mo on a single 1080GTX, and closer to $180/mo if I've got all my gimpy cards running (+970gtx and 960gtx, harder with temps going up though).

EDIT: I stand corrected, prices went up further and I clearly wasn't paying attention. Currently @~$220/mo with 1080 + 960 (970 rig isn't running right this second), so assume somewhere around ~$300/mo with all 3.

Maybe it's time to build an actual mining rig...

It definitely makes me sad I sold 5 290s recently.

 

[Mercennarius]

If you want to make life easy on yourself, just get nicehash. Manages everything for you, and currently making >$120/mo on a single 1080GTX, and closer to $180/mo if I've got all my gimpy cards running (+970gtx and 960gtx, harder with temps going up though).

EDIT: I stand corrected, prices went up further and I clearly wasn't paying attention. Currently @~$220/mo with 1080 + 960 (970 rig isn't running right this second), so assume somewhere around ~$300/mo with all 3.

Maybe it's time to build an actual mining rig...

At least with Ethereum, your money goes a lot further with an AMD card.

 

[DrMrLordX]

Am I the only one left just mining straight up Ether?

No. The difficulty indicates that a ton of people still mine ETH . . . heh. Though ZEC has gone up so much (right along side ETH) that either coin is worth mining right now.

What are most ppl mining today?

ZEC. I sell it for ETH.

Only Nvidia cards are in abundant supply. So obviously there is something worth mining. (I'm new to crypto mining)

You can mine the hell out of ZEC with Nvidia cards . . . it's just that the up-front costs make it onerous to do so compared to with Polaris (or even Hawaii). In terms of perf/watt the Nv cards actually do quite well now.

 

[DrMrLordX]

I guess what it boils down to is wouldn't it be easier to just buy $100 each of say half the coins out there in hopes of them skyrocketing one day?

Not really. Too many of the coins are like penny stocks. They might skyrocket one day but crash the next. Many different coins have had this experience (XBC was a huge gainer about a month ago; where is it now? Also look at XRP).

 

[Paratus]

Hey guys,

A little help. I finally decided to setup an etherium miner. (I have a an MSI lightening 7970ghz, $0.065/kwh electricty and leave my machine on 24/7)

I was following the guide here:
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

I got through the first part and have Geth loaded and downloading block chains I think.

but in step 8 the link to the ethminer is dead:
https://github.com/ethereum/webthre...wnload/v1.2.9/cpp-ethereum-windows-v1.2.9.exe

So can anyone give me a clue how to proceed?

Thanks!

 

[Accord99]

A little help. I finally decided to setup an etherium miner. (I have a an MSI lightening 7970ghz, $0.065/kwh electricty and leave my machine on 24/7)

I would recommend against Ethereum as Tahitis are no longer very good at it. You would be better off mining for ZEC and then selling it for ETH.

 

[DrMrLordX]

Also, don't waste your time with ethminer. Try Claymore's dual miner or Genoil's fork of ethminer.

https://bitcointalk.org/index.php?topic=1433925.0

https://github.com/Genoil/cpp-ethereum

Both work, though Claymore has put a lot more work into his miner as of late. Genoil's fork is about a year old.

 

[wege12]

I have 10 290x amongst my ethos rigs, Sapphire reference and Gigabyte Windforce. The Sapphire reference cards average about 25 Mh/s and the Gigabytes get about 26 Mh/s. What's the best settings/methods/clocks to achieve the highest Hashrate possible with these cards?