It doesn't take any electricity to run a mining pool. All you do when you run a pool is basically have the wallet open and you accept shares from your miners and when a block is found your split the reward based on the equal share count for every miner. This only uses some CPU power and not much else. It might be more dependant on larger SSD and RAM depending on what type of coin pool you want to run. From what I heard Ethereum will require more resources than some new alt-coin based on a Bitcoin clone.
It used to be profitable to run these back in the day but these days people just stick to the big pools. And usually won't switch to a newer pool due to trust issues and the fact that if there aren't enough miners it will take a long time to find a block.
Aye. Unfortunately a lot of the pools that invested in infrastructure to improve them have gone bust as a result, so certainly one to cost up carefully. |
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it does not look like any one has tried it for lots of coin. I also dont think many of these phones has strong hardware that can handle mining, what of the low battery capacity of those phones?
I'd tried it back when coinhive is a thing ( for testing purposes), so I'm talking about Monero. I used one Samsung S4 ( about <10h/s) device to calculate if 10 or more can produce a decent amount of profit... and the result was like everyone is saying: it's a waste of time and mobile phones if you're planning to use your own devices because charger's pulling more power than the hashrate. Those " mobile miners" aren't really designed for " personal" mining but for the so-called " advertisement-substitute" or botnets ( hundred or thousand devices that you don't supply power and own will do  ). So @ Flyingterlik forget it.
Edit;
Btw I know it's not "worth" it to mine and that its cheaper to buy (heck even faucets pay more than what I theoretically can mine) but I just love the idea of making old useless phones do something :p
Why don't you just sell them? Samsung did a project as a POC a while back, but obviously they have plenty of smartphone resources. If I recall, the things you'd need to do are write a custom firmware for the phone (to remove the powersaving barriers, run 100% util for 24h, etc, all those things phones aren't designed to do), and most importantly hack into the hardware, add a massive external cooler/WB to the chip, and bypass the battery so it doesn't explode. Probs need a custom miner too. Obviously, once you've done all this you end up with a pretty poor hashrate (compared to a desktop CPU) so really, really, really not worth the hassle. For example, you could go experiment chaining together cheap Ryzens for RandomX, which might actually make some money soon, and would be a hell of a lot easier. |
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We developed the FPGA board for X16R.
Algorithm
1. 16 algorithms have been developed
Are those 16 algos the ones for X16r, or some others too? Fact is that buying hardware is the easy part, finding ongoing algo developer support too, that's the tricky bit... |
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soooo many lies here... do AMD ppz can`t stand the truth
RX5700 is very bad card with ~200w power usage on par with rtx2060 super deal with it!
and monero 1400h/s speed is for 6x5700 cards NOT ONE CARD!!!! FFS
stop the FUD
Definition of FUD being competing emotional claims without any supporting evidence. Word from the devs is the tools are broke, so any hashrate claims (whether high or low) are currently nonsense, unless you've got your own dev team. Thanks for adding a well researched and beautifully punctuated counterpoint. |
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Talked to the developer of the miner Wild Rig. He says that AMD does not provide tools for completely new videocaeds and even under RVII there are no normal tools for writing miners. That's sad. Apparently, we will not mine on 5700/5700XT soon.
Peбятки... вce плoxo. Mнoгиe нe знaют, нo пиcaть мaйнepы пoд AMД cлoжнee, чeм пoд Hвидия. T.к. AMД пpocтo нe дaeт нopмaльныx инcтpyмeнтoв. Инcтpyмeнтoвв нeт дaжe нa RVII. He тo чтo для 5700/5700XT. Bидимo, пoмaйним мы нa этиx кapтax нe cкopo.
Well, e.g. sgminer will work, xmrig and xmr-stak should too ) Any miner that uses kernels written with pure OpenCL and not compiling them into binaries, will work fine Supports Navi in latest version: https://bitcointalk.org/index.php?topic=3167363.msg51785677#newAnyone can post results? |
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Just like internet work that is flooded with people across the world it has become a race to the bottom. People in first world countries are competing with people that are happy to make a few crumbs. It is too easy to set up some rigs and start mining.
Utter nonsense. Setting up a rig is only easy once you've done it a few times and learned along the way - at a cost of several days of your time. Then there's the startup cost of the hardware, and the running costs of electric, at which point you'll only just be breaking even. Then there's tuning per algo, maintenance, cooling, choosing which coins to mine, setting up the correct exchanges, passing KYC, trading coins effectively, then converting that back into fiat to pay the bills.... It's a full-time job that currently pays worse than a paper round. The only easy bit is going on eBay and overpaying for some well-cooked rx470s. |
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After the start of sales of new products from AMD - Radeon RX5700XT, the first information on the capabilities of these cards in mining cryptocurrency began to come. And this is not what many counted on, because All current versions of miners either do not work with this card or give a very low hashrate. At the moment, we managed to launch testing of the Radeon RX5700XT on the miner Phoenix 4.2 and Lolminer 0.8.3 and the test results were much worse than one would expect from video cards of this level. Most miners are primarily interested in the performance of Ethereum's cryptocurrency mining cards on the Ethash algorithm, where AMD cards have traditionally always had a significant advantage from competing Nvidia solutions, so we’ll give the test results for this mining algorithm first.
The Radeon RX5700XT hashrate based on the Ethash (Ethereum) algorithm:
Phoenix 4.2c - 4 -4.5 MH / s
The result of 4 MH / s per second can be called frankly weak, since significantly weaker RX570 / 580 video cards use 29-33MH / s for this algorithm
For other Equihash, Cuckatoo algorithms, the situation is the same.
The Radeon RX5700XT hashrate on the Eguihash 192.7 (ZERO) algorithm:
Lollipops 0.8.3 - 0.67H / s
Hashreyt Radeon RX5700XT on the Eguihash 144,5 Zhash (BitcoinGold) algorithm:
Lolminer 0.8.3 - 0,2H/s
Hashreyte Radeon RX5700XT on the algorithm Cuckatoo31 GRIN31 (GRIN):
Lolminer 0.8.3 - 0,1H/s
It is the new RDNA architecture that should be blamed for this failure. All current miners for AMD video cards are optimized for the previous GCN architecture, and to fully unlock the potential of the new generation of AMD video cards in mining, you will have to be patient until the first miners with optimization for Navi video cards with RDNA architecture appear.
That's a complete cut and paste, and tells us nothing new. I see Claymore has a card and is testing it, which is excellent news. Fingers crossed we get RDNA mining figures soon... |
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rx 480 has all power plugged in device manager only shows the 580 and claymore only says 1 gpu detected. The 480 works if i remove the 580 card. Sorry i cant get screen print to work.
OK, the problem is that the 480 is not being recognised by Windows. If it's not in device manager, it won't be found by Claymore, etc, etc. Nothing to do with the modded bios. Almost definitely due to your MB settings. Crossfire won't stop the card being recognised, but might hinder mining. Have you tried different slots in the MB? Read the manual, read up online, and using a riser for the second card will make switching slots easier... Best of luck! TBH some MBs just refuse to play ball, and it is much better to get a known mining MB and save the hassle - H81 pro btc or Asus H110 as already mentioned... |
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how much?
Not sure that makes any sense at all. Are you seriously saying you've managed to get a proprietary FPGA board hash X16r slower than a $1200 2080ti? The Arria10 chips alone are c. $600dollars, so assume you'll be pricing at least $1k to meet costs. |
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Another question I have now: Is it worth buying a used psu (like an evga g2) since the warranty isn't really covered for the second owner? I feel like having the 10 year warranty is a big plus.
True, but some will give you a receipt, which will give you the warranty. Also about upfront cost - you'll get G2s (even T2's) for a third of their new value on feebay. THere is a risk, but... |
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Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.
I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.
Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.
Thank you
Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value? Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true. If you think about future value, why not buy the coins directly? Like Metroid said a hundred times, you can buy your coins, and hold, if you´re mining for future prices, you're doing wrong Indeed. My point is that creating a calculator that incorporates 'future value' is quite an undertaking - you may as well ask for a tool that predicts the lottery numbers, or the winner of the next Grand National. It's basically shouting 'I want a magic wand' at the internet... |
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Ok, I want to pick your brains, everyone says, including the posting rules here, that you cant meaningfully mine bitcoin for profit on a pc, BUt, i can get about $1,20 per gpu 1080ti per day. Now if bitcoin reaches 100,000 in the near future, which is very possible no-one can tell me it is impossible. Then that $1.20 per gpu could be a serious profit just like when it began. When they started mining bitcoin it was worthless and people told them they were wasting their time. A Few years later many of them are holding valuable wallets. Profitability calculators are missing an important category... future value.
I think its a bit harsh for everyone to push the theory that mining is useless. Also, most mining softwares pay you out in bitcoin so even if your mining monero, you are actually mining bitcoin when all is said and done.
Ill appreciate your big brains and input.
Just here to learn and you guys are the teachers.
Thank you
Just sit down, make a nice cup of tea and think about what you just typed: "Profitability calculators are missing an important category... future value." How would you go about defining future value? Secondly, confusing mining bitcoin directly with a GPU and mining an altcoin and exchanging it (for a fee) for bitcoin is a dangerous game in total confusion. It's the equivalent of saying your day job pays you in beer, cos that's what you buy with your wages - it's simply not true. |
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I wonder how or if the change in mining algo will affect it's price. ETC has a very strong group of devs, but IDK what the change would mean for the every day miner since IDK of any precedent coins.
The change of algo will not give any impact to the price of ETC because it will not create a change on technical or fundamental of the platform. Just like when you are replacing the algo with another algo but you still used the same mechanism without any change on it. But this can bring trust by investors to put their money on ETC and this will be a difficult task to attract them back again. they are unlikely to start investing their money in the project, because there is not even a question in the technical part, but in the reputational Well, it's all in the perception. Is it better to take proactive action against 51% attacks (especially when you have been the victim already), or continue as before? Personally I think taking action looks better, and choosing a highly mature and proven algo is a solid choice, but certainly that is up for debate... Ultimately very much down to investor confidence, as you say. |
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I wonder how or if the change in mining algo will affect it's price. ETC has a very strong group of devs, but IDK what the change would mean for the every day miner since IDK of any precedent coins.
The change of algo will not give any impact to the price of ETC because it will not create a change on technical or fundamental of the platform. Just like when you are replacing the algo with another algo but you still used the same mechanism without any change on it. But this can bring trust by investors to put their money on ETC and this will be a difficult task to attract them back again. You don't know of any coins that have changed their algo? Pure ignorant gibberish! XMR, MBC, MAX, Vertcoin - there's a huge list, due to new asics - it's one of the biggest underlying forces in crypto today. Jesus. |
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From where I sit .. ethereum cryptocommunity has long being split into warring fractions i.e. those who support ETH will never cross over ETC camp and therefore the coming change in algo won't be much help here. Sure ETC can pin its hopes on newcomers but bear in mind ETH also has "ace in the hole" like Serenety.
Well, it'll mean that the asics and gpu farms on NiceHash can't just be pointed at ETC to attack it, as they can currently on the current algo. Sure, SHA3 asics (if/when they exist) might be used to do so, but it's a much smaller pool (to use the fish analogy), which means that if you did own a viable asic you'd be financially better off mining ETC rather than attacking it - thus protecting the network. Ie: currently ETC is a small fish in a big pool, by switching algo it would be a big fish in a small pool - thus likely to be dominant. |
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Algo for FPGA. This will hurt gpu mining even more by moving gpu miners off that coin onto something else.
But it takes time to make bitstreams to FPGA or to create Asics, they are doing this to prevent 51% atacks, they will need the community to achieve this, not only big miners Throughput comparison graphic in the article shows a xilinx FPGA running various algos including keccak256. It'll be a matter of month if not less before the network is controlled by FPGA. Given that its a large enough coin, bitstreams will be developed while its on the testnet. ASICs will follow within a year. This change does nothing for gpu miners. Just another fpga/asic mined shitcoin. As rdluffy said, the aim is to mitigate 51% attacks, which completely makes sense. ETC is totally at risk on current algo given it's value and nethash vs ETH, and progpow or not that's not gonna change. Moving to a proven algo does fix it. Sure, asics might follow much later, but there's a deal of difference in needing to maliciously engineer asics to conduct an attack vs popping onto Nicehash for a minute. |
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Are there any USB Stick miners that mine altcoins?
If yes are there any that make at least a little bit profit?
Greetings!
Check out my sig :p Best response - jstefanop's USB miners and the Apollo podminer are exactly what you're looking for. Accept no cheap copies or compromises ;-) Obviously they won't make you rich overnight, but they will do exactly what they claim to do, which is really as much as you can ask for. Keep up the good work etc! |
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A miner work is never easy... seems to be easy, but only when doing it you realize how much work is needed... have you been able to see what shows on the screen just before freezing? Any error? Any GPU with odd values? In my experience this kind of problem is usually caused by riser cables (that need to be tested one by one).... riser cables are mostly to blame for everything that happens on your rig  or maybe you did some kind of excessive overclock? in the end, you can also try to switch the RAM from the good to the bad, or try the PSU as other user suggested... Also double check your OS settings, especially if Win10. Is powersaving on? Increase virtual memory, turn off updates, check Defender is not causing trouble. But to be honest the list of things is huge - could be an internet issue, wifi?, could be OS, could be risers/psu or overclock. Might be RAM or something more annoying, but usually it's OS/clocks as peeps have said. |
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That is on par with my analysis, amd is pricing it high because there will be stupid miners that will buy it because they know coin prices are rising and will keep rising. You have to justify the purchased with performance x power consumption and miners will want the rx 5080 because power consumption matters for them, gamers would careless about that. Stupid gamers trade off 5 fps for 300 watts hehe, their psu burns their houses for only 5 fps more performance and they are happy with it, miners trade off 20% lower consumption for 10% lower performance and that is where rx 5080 is heading x rtx 2070. I'm tired with the bullshit, I want the days of polaris to return rx 480 for $160, not sure if we will see it return in our generation, 30 - 50 years or so. I think that is over if cryptocoins keep rising. AMD and Nvidia will always have an excuse to price higher their products if cryptocoins keep rising, I think both have been pumping cryptocoins hehe. 160 USD for RX 480 on Newegg? I wish we have something like this in EU also  New Sapphire 570s were £199 a few weeks back on Amazon. |
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Yep exactly. Though they are "cheap Chinese PSU", they are around 4 times cheaper than the equivalent wattage PSU, and have more cables suited for mining use.
Though cheap isn't always best in power supply situations! The best idea if you want cheap is to use commercial server psus and breakout boards, cos they're designed for the job and cheap as chips. They are noisy tho... |
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