Ethereum GPU mining?

[Madpacket]

BTC getting a taste of ETC with Bitcoin Cash

What a difference a year can make.

Alts will likely continue to crash for the next few days while people FOMO BTC to get in before the split.

I bought one BTC tonight (with Fiat) and pulled it off the exchange. Doing it for the split lolz. I doubt I'll make anything but unlike ETC, BCC may actually be useful. Worth the gamble.

I bet many will dump BCC shortly after the split and buy back into BTC, Ether or other alts.

Good time to buy up Ether!

 

[Madpacket]

Any good coins guys? I've been mining Skunk lately, it's been three to four times the profit of Ethereum. I'm not sure if it can be sustained. Today it's down to double the profits of Ethereum. If you guys know of any better coins I'm all ears. You should check out the NethosMiner if you're running nVidia hardware.

Never heard of those coins. Still mining Ether but profits dwindling fast. Might start settling my Polaris cards soon if AMD doesn't address the DAG issues.

 

[wege12]

Can someone clue me in to this BCC? I have a small amount of BTC and don't if I need to do anything?

 

[thilanliyan]

Can someone clue me in to this BCC? I have a small amount of BTC and don't if I need to do anything?

If you have it in your own wallet you don't need to do anything. If you have it in an exchange you might need to move it, depending on the exchange.

 

[IEC]

Coinbase isn't supporting Bitcoin Cash because they don't think it'll survive long enough to be worth making a bunch of changes to their cold and hot storage systems (they didn't say that directly, but it's implied).

In the event that it does at some point become viable and worth something they will credit customer accounts with BCC in accordance with the amount of BTC held on August 1, 2017.

 

[Yakk]

Poloniex's position, on not having a position:

https://m.poloniex.com/press-releas...-to-handle-potential-BTC-network-disruptions/

Although I also doubt much will come of BCC.

 

[ozzy702]

BTC getting a taste of ETC with Bitcoin Cash

What a difference a year can make.

Alts will likely continue to crash for the next few days while people FOMO BTC to get in before the split.

I bought one BTC tonight (with Fiat) and pulled it off the exchange. Doing it for the split lolz. I doubt I'll make anything but unlike ETC, BCC may actually be useful. Worth the gamble.

I bet many will dump BCC shortly after the split and buy back into BTC, Ether or other alts.

Good time to buy up Ether!

Yup. All this. A TON of people are moving from ETH/alts into BTC because of the fork. I fully expect BCC to crash and die within a month or two and for people to also dump BTC after end of Aug when everything is solidified. ETH/alts will be depressed and undervalued until this mess is over but I see potential FOMO moon lambo action happening before the end of the year, possibly even before Oct.

 

[Madpacket]

So looks like we should expect the fixed AMD drivers that address the DAG issues shortly according to Claymore's latest posts. https://bitcointalk.org/index.php?topic=1433925.14360

DAG issues aside, anyone else notice that we're now at 1500Th difficulty? https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

A 50% increase in difficulty since the beginning of the month. Crazy!

 

[ozzy702]

So looks like we should expect the fixed AMD drivers that address the DAG issues shortly according to Claymore's latest posts. https://bitcointalk.org/index.php?topic=1433925.14360

DAG issues aside, anyone else notice that we're now at 1500Th difficulty? https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

A 50% increase in difficulty since the beginning of the month. Crazy!

Yup. We really need a soft fork asap to address the difficulty. That will probably mean reduced earnings up front but the ability to mine profitably long term.

At this point a 1070 will only be profitable for five months topping out at $90 profit which means that there is no ROI on new equipment.

 

[thilanliyan]

I'm okay with mining dying for Eth. That was the plan all along wasn't it?

 

[thehoj]

Any good coins guys? I've been mining Skunk lately, it's been three to four times the profit of Ethereum. I'm not sure if it can be sustained. Today it's down to double the profits of Ethereum. If you guys know of any better coins I'm all ears. You should check out the NethosMiner if you're running nVidia hardware.

I'm mining Zcash.. As far as difficulty it seems really stable, doesn't seem to be rising.

Zcash is waaay down in value right now as well, and still relatively profitable. With a 1080 I'm getting about 0.35 ZEC per month, not running the mining client full time. Right now 1 ZEC is worth about $175 USD, but a month ago 1 ZEC was worth $400 USD..
I figure I'll just keep mining it, and at some point after all the craziness settles down, it should head north again.
It's not a ton of profitability, but still worth it in my opinion, especially given the fact that it'll likely head back to where it was at some point.

I'm running EWBF's Cuda miner, using nanopool. https://github.com/nanopool/ewbf-miner/releases
With my 1080 set to 50% power limit I'm getting about 500 Sol/s. Lowering the power limit keeps temps under 50C, and doesn't seem to affect the hashrate at all.. Kind of weird.

 

[DrMrLordX]

I'm okay with mining dying for Eth. That was the plan all along wasn't it?

Yup. It's actually off schedule. PoW is going along a lot longer than initially planned. PoS should have started up in Dec 2016 . . . at least provisionally anyway.

 

[DrMrLordX]

ETH difficulty apparently just spiked. Might be time to mine something else for a bit:

https://www.reddit.com/r/ethtrader/comments/6qssvu/ethereum_issuance_rate_decreased_by_10_today/

That being said, it is August 1st . . . wonder what will happen to the price?

edit: if any of you are on right now and reading this, go watch the buy/sell books on gdax or somewhere like that. It's mystifying.

 

[ozzy702]

ETH difficulty apparently just spiked. Might be time to mine something else for a bit:

https://www.reddit.com/r/ethtrader/comments/6qssvu/ethereum_issuance_rate_decreased_by_10_today/

That being said, it is August 1st . . . wonder what will happen to the price?

edit: if any of you are on right now and reading this, go watch the buy/sell books on gdax or somewhere like that. It's mystifying.

Heh, yeah, GDAX is crazy right now.

 

[wahdangun]

ok quick question, can mining difficulty go down ? and what variable that make it go down ?

 

[ozzy702]

ok quick question, can mining difficulty go down ? and what variable that make it go down ?

Yes, it's gone down in the past, all it takes if for enough miners to stop mining.

https://etherscan.io/chart/difficulty

 

[VirtualLarry]

I just started mining with NiceHash, any comments on that? Seemed very noob-friendly.

 

[ozzy702]

I just started mining with NiceHash, any comments on that? Seemed very noob-friendly.

Works great, noob friendly, easy. Not as potentially profitable as straight alt mining.

 

[wahdangun]

Works great, noob friendly, easy. Not as potentially profitable as straight alt mining.

I'm also using nicehash, so how much i lost using it vs straight alt mining ? and can it be optimize further so it can be more profitable ?

 

[IEC]

I'm also using nicehash, so how much i lost using it vs straight alt mining ? and can it be optimize further so it can be more profitable ?

If mining ETH since last year, services like Nicehash lost you a ton of potential profits. Nicehash sells everything immediately for BTC, meaning you would have sold the vast majority of your mined ETH at <$20/ea. Whereas if you mined and held ETH, you could have been sitting on hundreds of ETH at $200+/ea.

It's good for steady income, but bad if you think a particular crypto has a future.

 

[thilanliyan]

Anyone using a hardware wallet holding btc with the latest bch fork?

I sent some btc to an exchange in Monday and kept a small amount still on my Ledger Nano S.

When I logged into the Nano this morning, it shows zero btc and doesn't show the transactions from Monday or any transaction actually.

I'm on the BTC chain. Anyone know what could have happened?

Edit: Apparently I'm not the only one with issues. Hopefully Ledger manages to fix it.

 

[[DHT]Osiris]

I'm also using nicehash, so how much i lost using it vs straight alt mining ? and can it be optimize further so it can be more profitable ?

Nicehash makes it dead-simple by automining and autoswitching between algorithms, based on what people are buying via nicehash (others buy mining power, you sell it, essentially). It ideally follows market trends, but without you specifically having to future speculate.

As IEC stated though, if speculation is your thing, you're better off mining coins directly as they have the potential to skyrocket in value. Or not, and you lose I prefer Nicehash because I don't have to think about it. Set it and forget it, and enjoy my extra cash every month.

 

[VirtualLarry]

Ok, so I'm not the only "noob" using NiceHash. Looks like, between my RX 470 4GB and my RX 460 4GB cards, using 80W and 50W respectively, I'm making roughly $1.70 / day, with power costs of around $0.50 / day.

Not horrible, but not great, this late in the game.

However, I don't pay for electricity, it's included in my rent. (Don't want to abuse it though, and I'm debating on paying the office extra for the power my miners use, just to be fair.)

 

[Yakk]

Anyone using a hardware wallet holding btc with the latest bch fork?

I sent some btc to an exchange in Monday and kept a small amount still on my Ledger Nano S.

When I logged into the Nano this morning, it shows zero btc and doesn't show the transactions from Monday or any transaction actually.

I'm on the BTC chain. Anyone know what could have happened?

Edit: Apparently I'm not the only one with issues. Hopefully Ledger manages to fix it.

I would say it's a Ledger problem. Plus it was very risky to send BTC on Monday.

The fork itself went well and by now we would've seen major issues if something had wrong. You can check the split status here : https://www.btcforkmonitor.info/

 

[ozzy702]

Ok, so I'm not the only "noob" using NiceHash. Looks like, between my RX 470 4GB and my RX 460 4GB cards, using 80W and 50W respectively, I'm making roughly $1.70 / day, with power costs of around $0.50 / day.

Not horrible, but not great, this late in the game.

However, I don't pay for electricity, it's included in my rent. (Don't want to abuse it though, and I'm debating on paying the office extra for the power my miners use, just to be fair.)

If electricity is included in your rent and a specific threshold for electricity usage has never been negotiated I wouldn't bring it up. It's not like you're using a ton of juice. 130 watts is two incandescent light bulbs, big deal. On that note... I'm ready for summer to be over. This two month long heat wave has been very expensive and very uncomfortable, especially with 4000 watts churning away in the basement.