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261  Alternate cryptocurrencies / Mining (Altcoins) / Re: I shut it down tonight boys. on: April 06, 2018, 07:25:44 PM

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.


And GPU costs is the third Smiley But I was talking about different things.


Hardware cost has ZERO effect on profitability, the effect there is on "time to achieve 100% ROI of the money invested".

262  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: April 06, 2018, 07:22:38 PM
Or the F3 isn't an ethash miner - perhaps it's for some other algorithm?

Equihash (zcash) has more room for optimization in an ASIC than ethash.  The first round in equihash is dominated by blake hash speed, which is much faster in an ASIC than a GPU (and Bitmain already has blake miners).  The subsequent rounds can be significantly faster with a modest-sized multi-banked SRAM.  Something with 256 banks of 1KB should be at least 2x faster than a Rx 480, even if the ASIC is clocked below 1Ghz.

The numbers in that F3 video are NOT consistent with it being an Equihash miner - it was showing over 2 THOUSAND times more hashrate than a GTX 1080 ti.

I was thinking more likely Lyra2RE2 or perhaps Nist5.


263  Alternate cryptocurrencies / Mining (Altcoins) / Re: Happy New Years! Seventh alt coin thread! on: April 06, 2018, 08:28:47 AM
I have yet to see a multi-card board that had "good for cooling" space between the cards, or I'd find them more interesting.


you must not have had an onda B250-D8P yet...

card spacing is almost 3x.... 2.160 inches between each 16x slot.  That's pretty damned good spacing.

TONS of space between cards, and enough space in between EVGA ACX2.0/3.0 coolers.....  All you should do with those bigger cards is have active cooling across them, which is the norm anyways.

My current setup allows about 4 inches center-to-center for each card.
3x spacing is NOT "tons of space", that's what I had on some of my Folding rigs between cards #1 and #2 and it was NOT ENOUGH for good cooling.

Active cooling helps some, but even with a couple Delta fans blowing air through a couple of those rigs they STILL got pretty hot in my "mining room" since the ambient temp wasn't exactly low in the summer.


264  Alternate cryptocurrencies / Mining (Altcoins) / Re: Happy New Years! Seventh alt coin thread! on: April 06, 2018, 08:26:27 AM

See thats what i dont understand, since getting everything secured and deleting all connectors that i can... and soldering the wires my riser issues have pretty much dissipated... most of the issues ive had in the past was from sag on the gpu's over time in the pcie slot and the pcie adapter coming loose from viberations... between clips i printed and hot glue... everything is running smooth as butter....


My "mining shelf/rack" doesn't have sag issues.
Vibration .... not sure yet, but the weight of the GPU helps hold it IN the slot and the slot does latch on one end - the MB end of the risers doesn't see much vibration.

Those clips look like an interesting idea to cure THAT issue, too bad I don't have a 3d printer.....
265  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) on: April 06, 2018, 08:19:49 AM

In order to double the hashrate, bitmain would have to make and sell 1.5 MILLION E3's. At most these batches have 10-20 thousand units, which wont even make a dent in the hashrate. To put things in perspective, Litecoin's entire hashrate is made up of a couple hundred thousand L3+'s and some of that hashrate is shared by innosilicon and BW.


Close - there are probably stlll some "last gen" units like the Innosilicon A2, KNC Titan, and Alcheminer in use since they're still PROFITABLE if you have 4 cent/kwh or less electric cost - but the L3+/A4/L21/A6 have long since become the bulk of Scrypt mining hashrate and likely account for close to 95% of that hashrate.

266  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) on: April 06, 2018, 08:14:52 AM

I've read your analysis and now i'm curious. Given your arguments, i wouldn't say you are PRO bitmain E3 ASICs but you definitely aren't against them. Are you, jstefanop or QuintLeo, personally buying some of these E3 ASICs? Do you think it would be a wise move to sell a GPU-rig and instead buy one of these now?

I am not planning to buy any because of the uncertainty about "when" on the move to Proof of Stake and that I'm currently very short on spare cash, coupled with the relatively LOW reliability of most Bitmain options.
I am not planning to sell a rig to finance buying one (or more likely 2).

I'm on the fence on "would it be a good idea" - if you had sold the rig a month ago when GPU pricing was still crazy-inflated, it would have made sense even WITH the uncertainty of "will an E3 manage to pay for itself" if the E3 was going to ship in the next week or two, and probably even with the "not ship 'till July" issue.
I'm not going to say it's a BAD idea - but it's a bit higher risk than I'm willing to take right now.

If I did buy an ASIC miner in this month, there are other options that I suspect will be more profitable longer than the E3 would be.


There's also the lingering uncertainty about the rumored "F3", if it exists, and what algorithm it's FOR if it does actually exist.
If it turns out the numbers in that one video that caused all of the rumors are correct, and *if* it was mining on Ethereum, that thing WOULD have a noticeable impact sooner than the E3 would - unless the E3 is a 28nm effort and the F3 is a 14/16 nm effort that has to compete for very limited foundry capacity that would reduce it's available numbers to be built A LOT.



267  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining , still worth it? on: April 06, 2018, 08:04:38 AM
Yes, mining is still worth it. You just need to be better than the average joe.

How can you be better than the average joe when it's all about hardwares and stuffs? Do you mean that one should have resources which they can able to buy those things that they need? I'm at 50/50 point when it comes to mining, especially that there is a scarcity in GPU's. Wish that I can turn back the clock and never invest into ICO's or trading new coins. I was able to purchase 3x 1080 Ti's when it was cheaper @ $1k/unit and put half of my investment to those things that I mentioned. If you have faith in what you do and have a better decision capacity than I am, mining will still be profitable.

If I said, everyone would be doing it. I'm at $20+/day still at less than $1/day electrical cost even with bitcoin at $6750 and crashing markets. I'm trying to get my post count up to legendary and I really hate to post these things. But it's agonizing watching people make stupid decisions.

Activity isn't a measure of post COUNT - it is a measure of how many weeks in a row you've made at least one post.
I find the claim of $20+ a day per $1 in electric usage hard to believe, even if you're in one of the 2 counties "next door" to me where electric is available for 3c/KWH or a hair less even for for small miners.
$10 to $1 ratio, sure with a well optimized rig, but I don't see any way RIGHT NOW to get to $20 to $1.

A month ago, $20 to $1 would have been believable.


268  Alternate cryptocurrencies / Mining (Altcoins) / Re: Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v11.6 (Windows/Linux) on: April 05, 2018, 09:59:31 PM
Maybe ignorant question, but how are the ASICs going to work? I thought the whole point of DAGs was to prevent ASICs. How do the ASICs fit the DAG file on their chips affordably?

They don't ... they have DDR3 memory attached to the ASICs / FPGAs.  If you look on the Bitmain site, you can see that the device is a) twice the size of their other miners and b) is about the hash equivalent of 4x 580's.  If you consider the 800 watts of draw, it uses more Watts/MH than a rig with 4x 580s.  About the only attractive thing about it is the price ... $800.


180 Mhash/sec is at least 6 RX 470/480/570/580 even with BIOS straps and all other optimizations. (widely reported in the 28-30 Mhash range for best optimized cards, sometimes a bit less).
It's also a HAIR less than 6 x GTX 1070 (31-32 Mhash common numbers, rarely under 31).

Power usage is pretty much a tossup with a well-optimized 6 card rig - bit higher than the Nvidia option, right around the same vs the AMD option.

The size IS interesting, and has led to some speculation that it's somehow a GPU rig - but the PRICE makes it unlikely to be GPU based.
269  Alternate cryptocurrencies / Mining (Altcoins) / Re: I shut it down tonight boys. on: April 05, 2018, 09:50:48 PM

There is no connection in coin price rising and mining.

Coin price is one of the 2 PRIMARY factors in mining profitability.
Electric cost is the other one.

270  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining , still worth it? on: April 05, 2018, 09:46:28 PM
I still think it is worth it. depends on your strategy though.

I checked my pool address just now and I am expecting 1.9 ETH a month (went up by .09) and I pay $230 for unlimited electricity for my house. I know this number can fluctuate based off of difficulty.

I am not worried about the price per ETH at this moment because I am still making close to $800/month at todays prices. I am mostly mining for the coins at this point though. I am looking for a big jump on prices throughout the year and will sell at that time.

What kind of setup do you have to make 1.9 ETH / month?

Probably around 25-30 GPUs depending on the cheapest GPUs you can get. You would need 3 motherboards to run them. Then these would probably run at an estimated electric power consumption of around 4000-5000 watts. These are very rough estimates. I wouldn't get into buying GPUs for mining at this time tho. Too much is uncertain.

Right this second, you need appx. 800 Mhash/sec to earn 1.9 ETH per month - that would be 26 Nvidia 1070 models or 28-30 AMD RX 470/480/570/580 models.
Power consumption presuming WELL OPTIMIZED rigs would be around 3000 watts on the Nvidia side and 3500-4000 watts on the AMD side.
The AMD option would be lower up-front cost at current card pricing.

My power bill for 4 KW continuous power draw 24 hours a day 30 days a month would be a bit under $160 ALL fees and taxes included, and I could drop it to about $110 if I lived one county over.


In my case, the actual numbers are a bit lower for ETH income, a bit higher on power use per rig (the R290 rig eats a LOT more power than a 1070 or Polaris rig would but since the cards are long paid for and ARE still profitable), but the majority of my income right now is from ZEC not ETH.
I DID just drop my electric bill by almost a third, when I shut down my A2 Scrypt farm 'cause it wasn't even breaking even any more *BEFORE* factoring in cooling costs (though evap cooling is CHEAP, and a lot of my cooling is forced-airflow).
271  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining , still worth it? on: April 05, 2018, 09:33:20 PM
If you are looking for a reliable facility to host your miners we have space available. Send us your requirements here, https://www.miningdx.com.

Mining doesnot worth it so there is no need for new facility Smiley

Learn to speak English.

Doesnot  matter, there is a lot of dialects here. Better don't mistake the imaginary earnings for reality losses anymore  Wink

My "imaginary earnings" have been paying my rent, electric bill, Internet bill, buying food, putting gas in the van, and other such stuff for 2 years now with ZERO other income past the first few months of that timeframe.
The cash in my wallet and the money in my credit union checking account sure don't SEEM imaginary.


272  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) on: April 05, 2018, 09:30:06 PM
This must be bitmain's smokescreen, for Vitalik Buterin, to fool him into thinking they don't have the F3 1.5 g/h miners,  since bitmain announced they were making these e3's last year.

Bitmain didn't announce the E3 last year, they announced 2 GPU-based rigs (G1 and G2 as I recall) last year.

The alleged F3 is still a "one video as the only source of information" rumor.
That video is VERY uninformative about any hard facts, VERY short, and it's entirely likely it wasn't about an ethash miner anyway even if the miner pictured DOES actually exist.

Videos are EASY to manipulate - we've seen "fake" ones too often in this industry before after all.
273  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain E3 Ethash Miner ASIC (Shipping:16-31 July. $800 USD) on: April 05, 2018, 09:25:43 PM
I think the E3 uses 16 x BM1680 Neuralprcessing Chips and one Asic or FPGA for the controlling.
If the E3 has 6 cards, I must correct myself:
6 cards with 2 x BM1680 + 1 FPGA or ASIC each
Thatīs 12 x BM1680 + 6 x FPGA or ASIC.

Or 18 x BM1680 and one Asic or FPGA for the controlling, if Bitmain connect the BM1680 with each other.

Even Bitmain sell a card with 1 x BM1680 and FPGA since January. They announced a card with 2 x BM1680 and FPGA.  Grin


Why are people even talking about the Bitmain AI chip and this thing?

That chip is optimized for FLOATING POINT operations, like any AI chip - it is NOT going to process INTEGER operations very well like mining requires, NOR is it going to be efficient at doing so.

The BM 1680 is NOT A MINING CHIP and is not going to offer decent performance per $ or watt since the bulk of the chip would go to waste AND WASTE SOME POWER if someone tried to mine on it.

274  Alternate cryptocurrencies / Mining (Altcoins) / Re: What happened to GPU mining (late March 2018)? on: April 05, 2018, 09:22:48 PM
Hi,

There are multiple reasons:

- The whole market is/was bleeding so mining is not profitable right now
- There [are?] will be ASIC-miners for ETHASH which are more efficient than GPUs*
- GPU-Mining ETH will die anyway as ETH will switch to POS

However I don't think GPU-mining will die - there are enough other algos (even other Ethash-Coins) - for now it depends on the price-development of the whole market.

* According to the sources I could find it seems this ASICs wouldn't completely kill GPU-mining as the hashrates aren't ridiculously high.


Mining IS profitable - it's just not at the crazy-high "anyone can make money hand over fist" levels it hit for most of the past year.

At this point there have been ZERO announcements of ASIC that are more efficient than GPUs, and only one RUMOR that so far is not confirmed if "the miner" even exists or what algorithm it is for or what it's power consumption is.
As I've already pointed out (as have a few others), the E3 is NOT more efficient than CURRENT GPUs - and the "next generation" Nvidia cards should be noticeably more efficient YET, later this year.

ETH switch to Proof of Stake is a "when" not a "if" question - but it looks like the earliest move to "full POS" won't happen 'till late this year at the soonest, and the non-ETH coins that also use the ethash algorithm don't appear to be planning "anti-ASIC" forks anytime soon.

*HOWEVER*, there is going to be a major shakeout on miners with ETH stops being mineable - 9 million (ballpark estimate) GPUs is 3-4 times more than all other GPU mineable coins COMBINED are using, which is going to swamp profitability to the point that you have to have super-cheap electric to survive, and WILL drive a lot of miners out of mining.
It's going to be worse than 2014 in some ways, as there are a TON more GPUs involved at this point - but on the other side, it won't be as bad in some ways due to the much larger choice of other coins to mine that also have a large existing GPU count.
275  Alternate cryptocurrencies / Mining (Altcoins) / Re: What happened to GPU mining (late March 2018)? on: April 05, 2018, 09:16:45 PM
It's all about price.. BTC Miners are losing money until btc's price up to 10k$...

I'm a gpu miner of Minexcoin and difficulty increased by 10 times last 30 days. Still it's better than ethereum mining.

Anyway, this job is still profitable but it wants labor and time and the profit is not enough for my labor. So I'm thinking about selling my cards...

I guess that now large number of people are looking for alternatives for mining. So I doesn't surprise me to hear that difficulty for Minexcoin increased 10 times. Many consider bailing out like you do, and I guess that is reasonable. If profit doesn't cover basic thing, its not worth doing it. So I guess that because of this things people are selling their equipment for such low prices that OP have seen.
With everything that is going on and things that are comming, we will see even more of things like this.

I want to call you pessimistic, but I see you are cynical after looking in retrospect. I'm on the fence about GPU mining, ETH really resurrected GPU mining, Now that ASICs are taking control - I can't see any better time to sell my GPUs and just stop for a while (still, a part of me wants to swim against the flow). I know that ETH is planning on hardforking but they don't even have any idea how the ASICs work so it would be a guessing game until they are in market and for sale.  We know Jihan Wu is just going to keep the delivery to market postponed until whenever he sees fit.

GPU mining never died - you just had to be in a LOW COST area for it to be profitable between mid-2014 and spring of 2017.
I was making enough money at it to turn pro *2 YEARS AGO* - which put me in quite a good situation when the price explosion happened and all of a sudden my mining net income jumped by a factor of "lots" due to the massive profitability jump.

On the other hand, profitability RIGHT NOW is somewhat lower than it was 2 years ago - but I invested enough of my profits back into my farm that I'm still able to live off it with some leeway - it is just taking noticeably more GPUs to manage that.


276  Alternate cryptocurrencies / Mining (Altcoins) / Re: What happened to GPU mining (late March 2018)? on: April 05, 2018, 09:13:03 PM
It's all about price.. BTC Miners are losing money until btc's price up to 10k$...

I'm a gpu miner of Minexcoin and difficulty increased by 10 times last 30 days. Still it's better than ethereum mining.

Anyway, this job is still profitable but it wants labor and time and the profit is not enough for my labor. So I'm thinking about selling my cards...

I could almost make money running a S7 right now - and if I was one county over those old units WOULD be profitable.
It is NOT "all about price", part of the equation is also about your COST - mostly the cost of electric.

BTC miners are NOT losing money, those that are in areas with too high electric cost have probably shut down their miners while those that are in super-low electric cost areas are still making money.
277  Alternate cryptocurrencies / Mining (Altcoins) / Re: What happened to GPU mining (late March 2018)? on: April 05, 2018, 09:10:20 PM
We need more competition.....competition in asic development. Bitmain is capitalism gone wrong. No competition, complete monopoly and exploitation. There is no company that can stand against Bitmain that's why they are doing whatever they want. If there was competition then prices would be low and so would be the chance of them mining the hell out of those asics before releasing them. Until AMD and Nvidia develops a mining specific gpu or until a asic resistant coin surpasses ETH's market capital it will be dark ages for gpu mining.

samsung's getting into asic development, i'm interested to see where that goes

So far, all of the announcements out of Samsung fit into "we're providing foundry space to ASIC miner makers" like eBang, JUST LIKE TSMC and GF have been doing for years now.

Samsung has NOT announced any intention of competing with them.

278  Alternate cryptocurrencies / Mining (Altcoins) / Re: What happened to GPU mining (late March 2018)? on: April 05, 2018, 09:08:47 PM


It is nice to be positive buddy. I notice u often are. But lets look at the chart

https://etherscan.io/chart/difficulty


It's easier to look at their hashrate chart, but the diff chart will work too.
Note that except for one "single-day" spike on April 26 that was probably LUCK driven (might have been folks on auto-switch miners bouncing out of ETC or some such though), the Ethereum Total Hashrate (and difficulty) has been slowly DROPPING since April 16.

Yes, there was a big surge for several months before that - but the surge is OVER unless Ethereum price starts rising.



It is now april 5th. I do not know what u mean by april 26.

If u mean march 26th, well, it is 3333 TH on that day and 3197 on april 2nd. U could call that a drop, but it is a drop of 4% which is normal now and then haha. That is just people switching to another algorithm that is more profitable. People will not burn or throw away their rigs.

Fact still remains it is 1935 on 1st Jan and 3197 on April 2nd. A major increase no matter how u look at it. And it is about to go higher with this cheap asic coming in.


Buddy, the hash rate increased over a period of 3 months. There is no luck involved as it is a constant increase over 3 months. I would like to be more optimistic also but I dont see how. I expect things to get worst now that asic for it is being sold to the public.

I meant March - and the hash rate increase goes back a LOT further than that 3 months, and there were CONSTANT small peaks and dips in there due to luck.
I also DID say "slowly" dropping - but it's still a DROP.
279  Alternate cryptocurrencies / Mining (Altcoins) / Re: Happy New Years! Seventh alt coin thread! on: April 05, 2018, 09:05:54 PM
I have yet to see a multi-card board that had "good for cooling" space between the cards, or I'd find them more interesting.
280  Alternate cryptocurrencies / Mining (Altcoins) / Re: BITMAIN was mining ETH in their farms ! BITMAIN Is killing GPU miners on: April 05, 2018, 09:03:19 PM
Is it so hard for one Developer to make a mining program that will recognize if you use GPU or ASIC and if you use ASIC to reject all the shares ?

There is no way they could do so that an ASIC designer couldn't match the applicable data submitted through careful design work.



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