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Author Topic: Ethereum mining still profitable?  (Read 131193 times)
adaseb
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February 12, 2016, 03:51:17 PM
 #81

Anybody know if you can run ethminer using old AMD drivers like 14.4 and 13.12? I want to use more than 4 GPUs but I am using Windows 7.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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dannygroove
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February 13, 2016, 05:21:12 AM
 #82

Anybody know if you can run ethminer using old AMD drivers like 14.4 and 13.12? I want to use more than 4 GPUs but I am using Windows 7.

Yes you can but you need to mod the drivers, I believe 13.12 will not work but should do fine with 14.4.
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February 13, 2016, 09:24:11 AM
 #83

Anybody know if you can run ethminer using old AMD drivers like 14.4 and 13.12? I want to use more than 4 GPUs but I am using Windows 7.

Etherminer does not work with 14.4 or below. The lowest version which can work is the 14.6. It works well with 15.7. If you just want to mine with 6 GPU, there is no need to mod.
benjbarker
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February 13, 2016, 06:42:50 PM
 #84

I see people estimating that the switch to PoS mining will occur this summer.

Does anyone have links to more information on this they can share? What are these estimates based on?

Is it correct that this change will destroy the profitability of mining?
alienesb
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February 13, 2016, 07:56:32 PM
 #85

Gee a lot of nubs posting in this thread about the POS stage... Orchestrated FUD?
apriyoni
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February 13, 2016, 09:05:30 PM
 #86

The PoS will not start this Summer. It could be some time in November or December. it will take some time to prepare for it.
bitcoinpete
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February 14, 2016, 07:07:58 AM
 #87

Looks like the profit taking sell off has concluded time to rebuy and move on to another level ( Ethereum price )

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February 14, 2016, 08:20:45 AM
 #88

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me
virasog
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February 14, 2016, 09:01:08 AM
 #89

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me

This is from: https://forum.ethereum.org/discussion/2134/gpu-mining-is-out-come-and-let-us-know-of-your-bench-scores/p10

Is there any parameters for ASUS R9 270x
I have 3 x R9 270x but my average under 30MH/s

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Bokelka
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February 14, 2016, 09:54:28 AM
 #90

Looks like the profit taking sell off has concluded time to rebuy and move on to another level ( Ethereum price )

The price is still above 0.009. If there is a big dump, the price will be below that level or much lower.
sanadas
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February 14, 2016, 11:12:18 AM
 #91

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me

They will be least efficient in mining in terms of getting your money back. If you build a rig, the hash is too small.

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February 14, 2016, 07:09:58 PM
 #92

i can not mine with nvidia gpu :S
i have an old 9800 gt

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February 14, 2016, 10:19:16 PM
 #93

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me

They will be least efficient in mining in terms of getting your money back. If you build a rig, the hash is too small.

suppose R9 270x is mining at a rate of ~20 Mhash now. With increasing DAG size, they will produce less hashes ? BTW what is the hash rate for
R9 270x ?
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February 14, 2016, 11:32:45 PM
 #94

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me

They will be least efficient in mining in terms of getting your money back. If you build a rig, the hash is too small.

suppose R9 270x is mining at a rate of ~20 Mhash now. With increasing DAG size, they will produce less hashes ? BTW what is the hash rate for
R9 270x ?

It is probably down to 14-15 Mhash now as the amount of miners, and thus difficulty increases. The income from mining ETH will continue to decline as long as price remains high as more and more miners pile in. As a side effect, once enough people buy equipment to mine, even once the price goes down the competition for those few cents of profit will remain fierce, as now all the people looking to get rich quick will need to hang on in hopes of getting their investment back.

This pattern has repeated throughout early BTC mining, then scrypt mining, and on with various alts as initial profitability predictions makes it seem like a no brainier to invest, but after awhile those predictions turn out to be faulty as people did not consider the competition, after all who doesn't want free money? In the end only those with existing equipment, or cheap electricity, or preferably both, will win in the long run. I would not recommend running out and buying a bunch of new equipment based upon today's profitability calculators.

Myself, I fall into the "I had existing equipment camp", but my electricity is not the cheapest. So while I am currently making some profit, based upon my own calculations it does not pay to invest in new equipment, even used cards since they have seen a recent run-up in price as well.
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February 15, 2016, 01:03:38 AM
Last edit: February 15, 2016, 03:16:29 AM by d57heinz
 #95

Has anybody tried Ethpool.org? Do you think their stratum mining is about 10-20% higher than the getwork based mining?




No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

i get about 42 mhs avg with two hd7970   1040 gpu 1375 mem clock.. they are xfx 3 gb edition with the two fan cooler.. https://www.techpowerup.com/vgabios/131977/xfx-hd7970-3072-120715.html  and that firmware.. i had the gigabyte bios on it but the hdmi is disabled then.. Undecided

Best Regards
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sanadas
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February 15, 2016, 08:28:16 AM
 #96

Is it true that gpu with 2gb will be least efficient for mining eth ? What about R9 270x ? How much Mhashes does it produce? Please help me

They will be least efficient in mining in terms of getting your money back. If you build a rig, the hash is too small.

suppose R9 270x is mining at a rate of ~20 Mhash now. With increasing DAG size, they will produce less hashes ? BTW what is the hash rate for
R9 270x ?

It is probably down to 14-15 Mhash now as the amount of miners, and thus difficulty increases. The income from mining ETH will continue to decline as long as price remains high as more and more miners pile in. As a side effect, once enough people buy equipment to mine, even once the price goes down the competition for those few cents of profit will remain fierce, as now all the people looking to get rich quick will need to hang on in hopes of getting their investment back.

This pattern has repeated throughout early BTC mining, then scrypt mining, and on with various alts as initial profitability predictions makes it seem like a no brainier to invest, but after awhile those predictions turn out to be faulty as people did not consider the competition, after all who doesn't want free money? In the end only those with existing equipment, or cheap electricity, or preferably both, will win in the long run. I would not recommend running out and buying a bunch of new equipment based upon today's profitability calculators.

Myself, I fall into the "I had existing equipment camp", but my electricity is not the cheapest. So while I am currently making some profit, based upon my own calculations it does not pay to invest in new equipment, even used cards since they have seen a recent run-up in price as well.

I used to earn 10 Ethereum in one rig, but it can only get 4.2 each day. The difficulty is rising so fast.

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February 15, 2016, 09:44:38 AM
 #97

i can not mine with nvidia gpu :S
i have an old 9800 gt

This card is at least 5 years old, it cannot be used for Ethereum ming. You need at least 2GB memory to mine Ethereum.
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February 15, 2016, 03:25:00 PM
 #98

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

 Wink

Sometimes forum noobs aren't cryptomining noobs...  Grin

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bitcoinpete
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February 16, 2016, 08:34:01 AM
 #99

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

 Wink

Sometimes forum noobs aren't cryptomining noobs...  Grin
Genesis mining is offering Ether one year mining contracts maintenance free again.

MIDEX ● BLOCKCHAIN BASED FINANCIAL PLATFORM
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apriyoni
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February 16, 2016, 08:55:25 AM
 #100

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

 Wink

Sometimes forum noobs aren't cryptomining noobs...  Grin
Genesis mining is offering Ether one year mining contracts maintenance free again.

The price is too high. It will make profit for Genesis mining, not for the customers if the difficulty doubles.
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