Ethereum mining still profitable?

[mickiya]

The network hash rate is 760 GH/s. It is equivalent to 35,000 AMD 280x graphics cards. That is quite a lot of mining power.

[adaseb]

Its surprising that the difficulty went down slightly for the last 2 days.

[ingvarfervent]

My 7970 ( 1000 \ 1500 ) give 21.5 - 22 Mh\s

Use dwarfpool proxy and set --farm-recheck 200

So. It`s good result or can get 23 mh \s (  how ?  )

[KNCFUN]

Did you try solomining or cointron pool ?

[zalucia]

My 7970 ( 1000 \ 1500 ) give 21.5 - 22 Mh\s

Use dwarfpool proxy and set --farm-recheck 200

So. It`s good result or can get 23 mh \s (  how ?  )

I think it is good result. You may undervolt the GPU core voltage. That will save you some electricity bill.

[fricircled]

Its surprising that the difficulty went down slightly for the last 2 days.

Is that because something is wrong with the mining farms. Or miners are mining other profitable coins we do not know?

[Taxidermista]

Its surprising that the difficulty went down slightly for the last 2 days.

Is that because something is wrong with the mining farms. Or miners are mining other profitable coins we do not know?

There are more profitable coins out there but you have to find them.

[Prelude]

Is there a faster private ethereum miner out there for AMD GPUs? Specifically Tahiti and Hawaii cards? If so, I'd like to buy it. Contact me by PM.

[Za1n]

Its surprising that the difficulty went down slightly for the last 2 days.

Is that because something is wrong with the mining farms. Or miners are mining other profitable coins we do not know?

There are more profitable coins out there but you have to find them.

Yes, the thing with most miners is you need to stay on top of which coin/algorithm is the most profitable at any given moment, as most pure profit miners simply mien and dump at current market prices, this the network hash-rate will somewhat follow the general price trend of a coin.
 
For the true believers mining and holding this isn't as much a factor, so their hash-rate contributions will remain constant, but then they are also playing the speculation game in that the value of the coin they are mining, in this case ETH, will go up and provide more profits in the future.

While I can see how some would think this way, it still may be better to always mine the most profitable coin any given day, sell at current prices to lock in the profit. Then if you want to speculate you can use your earnings to buy the coin you wish to speculate with. You will end up with more coins in the long run.

[benjbarker]

I have 2x AMD Radeon R9 380 4gb running at low 70s degrees C and I'm getting about 38 MH/s mining through nanopool.

Can someone advise me if these numbers are reasonable? I'm running Windows 10, is that hurting me?

Thanks very much for the help!

[Kalder]

I have 2x AMD Radeon R9 380 4gb running at low 70s degrees C and I'm getting about 38 MH/s mining through nanopool.

Can someone advise me if these numbers are reasonable? I'm running Windows 10, is that hurting me?

Thanks very much for the help!

This number is quite reasonable. It is about 19MH/s for each card. It is slower than 280x. But it will reduce in the future due to DAG increase.

[sanadas]

Is there a faster private ethereum miner out there for AMD GPUs? Specifically Tahiti and Hawaii cards? If so, I'd like to buy it. Contact me by PM.

There is no private ethereum miner. The open source one is already very efficient. If somebody offers you one, it is a virus.

[kotarius]

There is no private ethereum miner. The open source one is already very efficient. If somebody offers you one, it is a virus.

Sounds like someone has their hands on a private ethereum miner

[bitcoinpete]

There is no private ethereum miner. The open source one is already very efficient. If somebody offers you one, it is a virus.

Sounds like someone has their hands on a private ethereum miner

Its totally impossible to set up all this stuff Ive been trying with days with slow progress Feel like a retard maybe I will wait for the next phase to become involved in Ethereum

[apriyoni]

There is no private ethereum miner. The open source one is already very efficient. If somebody offers you one, it is a virus.

Sounds like someone has their hands on a private ethereum miner

Its totally impossible to set up all this stuff Ive been trying with days with slow progress Feel like a retard maybe I will wait for the next phase to become involved in Ethereum

Do you mean you want to improve the open source Etherminer? Some programmer said it is already very fast.

[mickiya]

We have not heard from Wolf0 recently. What is he doing? Is he working on improving the Etherminer? Any rumours?

[Eliovp]

We have not heard from Wolf0 recently. What is he doing? Is he working on improving the Etherminer? Any rumours?

Rumours? Yeah, he's watching pron.. (that's the last i heard..)

Regarding ethereum? I'll try to quote it: --- "To much work for only that little bit of improvement." --- Something like that

So ethereum will probably stay like this for a while, if not until the mining stops.

[mickiya]

Is the DAG algorithm used by Ethereum ASIC resistant? I just saw the ASIC of X11 is coming out in another thread.

[Eliovp]

Is the DAG algorithm used by Ethereum ASIC resistant? I just saw the ASIC of X11 is coming out in another thread.

Yes it's Asic resistant (for now) . Although, i don't think they will be developed because the mining will end a few months anyway.

Asic/Fpga for X11 has been out there for a while now. It has just been made public and they're going to sell it to the public now.

But as you may realize, they're not going to sell something before they give it a "test"run for a few days/weeks :p.

[Narosya]

But the Dash's difficulty is still around 37xx. It has been there for very long time. I am not sure if that miner is real or not.