Drop of hashrate for Polaris cards incoming

[adaseb]

Really funny how people worry about their GPUs slowing down 0.2% every 5 days but they don't mind the doubling difficulty or the upcoming difficulty ice-age. Or the huge 30% swings in prices every few days.

[Marvell1]

GPU mining will be dead as disco in a few months.  There's no doubt about it.  It soared in the last few months because of the rapid rise in prices.  Now prices have stopped rising, the decline has started.  You can see it in whattomine.com if you've been checking it daily.  Of course it will still be marginally profitable at the end of this year if you have cheap electric but for most people, it will cost more to run your rig than it will return in profit.

The only way I can be wrong about this is if we get another rapid run up in prices which seems like a very remote possibility.  I think the majors will increase over time but at nothing like the rate needed to compensate for the increasing difficulty.

Now is a perfect time to sell your cards if you are in this as an investment.  The drop in hashrate for Polaris cards really won't make much difference.  None of the cards mining any of the coins are going to be making more than a couple of bucks a day by the end of this year and how much of that, if any will be profit will depend on your electric costs.

This aint no nostradamus prediction, it's really really plain and obvious to anyone who understands anything about how mining difficulty works.

This forum will be a lot quieter in 2018.

I cant really belive this will happen year end, eth is gona keep rising , mining wont die till eth goes pos 3rd or 4th q next year.  yeah profitabilty ia slowing but even at 50% profitabilty if u suplement mining with trading you can still make decent profit

[buzzkillb]

Yeah yeah, we've read stuff like this hundreds of times.

Right, so you know already the mining boom is about to end.  But what about all those newbies who are thinking of sinking 10s of thousands into it now as an investment?  I'm just trying to save them a lot of grief.  There has never been a worst time to start out building rigs!

You are reminding me of an email I came across telling a friend how people were kicking themselves for selling Ethereum at $1 right after it hit $10.

[poby]

I cant really belive this will happen year end, eth is gona keep rising , mining wont die till eth goes pos 3rd or 4th q next year.  yeah profitabilty ia slowing but even at 50% profitabilty if u suplement mining with trading you can still make decent profit

Thing is, we are already seeing evidence of declining profitability and this is only a week after eth stopped rising.  I agree most likely in the long term, eth will increase but I really can't see it climbing at anything like the rate is has so far this year.  If eth continues to be rangebound for the next few months, which is entirely possible, profitability will decline to stuff-all well before the end of the year.  Consider a week of flatlined price has already caused profits to drop nearly 15%  But of course difficulty has increased and will continue to do so.

I think well before POS comes about, it won't matter anymore.

[Ahead]

http://cryptomining-blog.com/8822-ethereum-hashrate-drop-for-radeon-rx400rx500-gpus-is-incoming/

I didn't believe the news so I tested it myself.

The news is true.
Just tried it now on my 580 aorus, which to clarify is an 8 GB model.
My settings are:
-ubermix timings
-2195 mhz memories
-1165 mhz core
Epoch 130: 30.2 MH/s Epoch 140: 27.6 MH/s Epoch 150: 23.5 MH/s
I'd be really curious if somebody could run the test on a different cards.

Have you tried to benchmark with older DAG Epoch? (60 or 80 for example)
What results are you getting?
(Just to be sure that the benchmark is working correctly)
If you are getting hashrates above the normal (let's say 60Mhs for epoch 60) then this is not normal. Cards never got that high hashrate.

Because from what I have read, the DAG size 4GB limit will be reached on September 2019, but POS will come earlier.

Some answer from an other forum regarding DAG size:

The DAG started at 1 GB at the time of the Frontier launch, and increases by approximately 0.73x per year. That puts the current size at roughly 1.35 GB as of mid-January 2016 (feel free to comment with an exact link if anyone has one).

Following the same crude approximation:

The 2GB limit will be hit around mid-December 2016
The 3GB limit will be hit around mid-April 2018
The 4GB limit will be hit around mid-September 2019
However, it's likely that the switch to PoS will occur long before then.

[Tmdz]

Really funny how people worry about their GPUs slowing down 0.2% every 5 days but they don't mind the doubling difficulty or the upcoming difficulty ice-age. Or the huge 30% swings in prices every few days.

This is the REAL threat to mining.

Everyone, I mean literally everyone mines ether with Rx 4xx/5xx cards so the reduction means nothing.

Of course if you could find the buyers and not get scammed, then trade in AMD for gtx 1070.

[bit815792215]

It`s the Rx 470,480,570,580 4GB GPU`S that will be affected not the 8GB versions.

Wrong, 8GB versions are affect all the same. Better start selling your AMD cards for max profit and switch over to Nvidia, which doesn't have any issue.

Check the top comment : https://www.reddit.com/r/EtherMining/comments/6i1ulz/incoming_hashrate_drop_for_rx_400_and_500_cards/

Wrong, both are affected but more so the 4gb polaris cards

[joaocha]

For example if you mine others coin like Music or Expanse Or Ubiq,

This ill happen too?

Music is in epoch 20 for example

[doktor83]

it will but not now

[Juggar]

It`s the Rx 470,480,570,580 4GB GPU`S that will be affected not the 8GB versions.

Wrong, 8GB versions are affect all the same. Better start selling your AMD cards for max profit and switch over to Nvidia, which doesn't have any issue.

Check the top comment : https://www.reddit.com/r/EtherMining/comments/6i1ulz/incoming_hashrate_drop_for_rx_400_and_500_cards/

Wrong, both are affected but more so the 4gb polaris cards

You're precious 8GB isn't saving you now. 100% wasted money.

[Cereberus]

It`s the Rx 470,480,570,580 4GB GPU`S that will be affected not the 8GB versions.

Wrong, 8GB versions are affect all the same. Better start selling your AMD cards for max profit and switch over to Nvidia, which doesn't have any issue.

Check the top comment : https://www.reddit.com/r/EtherMining/comments/6i1ulz/incoming_hashrate_drop_for_rx_400_and_500_cards/

Wrong, both are affected but more so the 4gb polaris cards

You're precious 8GB isn't saving you now. 100% wasted money.

Why are you all so obsessed with Ethereum, there is Zcash too which is soaring and I have switched my mining boards from Ethereum to Zcash and I am very happy with such move. Each board have 5 RX 480 Gpu-s from Sapphire with a bit of overclock I am reaching 335 Sols for a card and I making a good amount of money. I don't think this will stop for at least a good few months.

[fanatic26]

DOOM DOOOOOOOM DOOOOOOOOOOOOM

Thats all anyone wants to talk about. ONE COIN might not be profitable anymore and all of a sudden the entire ecosystem is dead? Give me a break.

[Nebell]

Kinda happy I didn't wait for RX cards and bought 1060 instead. Sure this Hynix memory is a terrible performer and they hash a lot lower than other 1060 without Hynix, but I benchmarked DAG and my cards passed up to 180, at which point 3gb was not enough. So they will become obsolete for ETH mining somewhere early 2018. I'm fine by that.

I hope this drop comes soon, so like 85% of miners will sell their cards/change coin/mine at a lower speed which means it will be easier to mine. Yes I'm evil XD

[Juggar]

It`s the Rx 470,480,570,580 4GB GPU`S that will be affected not the 8GB versions.

Wrong, 8GB versions are affect all the same. Better start selling your AMD cards for max profit and switch over to Nvidia, which doesn't have any issue.

Check the top comment : https://www.reddit.com/r/EtherMining/comments/6i1ulz/incoming_hashrate_drop_for_rx_400_and_500_cards/

Wrong, both are affected but more so the 4gb polaris cards

You're precious 8GB isn't saving you now. 100% wasted money.

Why are you all so obsessed with Ethereum, there is Zcash too which is soaring and I have switched my mining boards from Ethereum to Zcash and I am very happy with such move. Each board have 5 RX 480 Gpu-s from Sapphire with a bit of overclock I am reaching 335 Sols for a card and I making a good amount of money. I don't think this will stop for at least a good few months.

Its the giant in the room, if every with RX cards switches to Zcash what do you think will happen? It will be far less profitable than it is now....

Point is, Nvidia cards are now king for crypto. Claymore himself just said he could do nothing software wise to stop the eventual decline of the RX cards.

If you want 1070's you buy them TODAY. Ive already sold what little I had a 480/470/580/570 and got a nearly free upgrade to 1070's.

It feels pretty damn good to be justified in buying 10's of 1060s. recently too. Soon we will see 1050tis dry up as well. Some of those are capable of 15 mhs with samsung memory at +1000.

Ive always been for team green, AMD is trash and always will be. I should have never bought those RX cards.

[Tmdz]

It`s the Rx 470,480,570,580 4GB GPU`S that will be affected not the 8GB versions.

Wrong, 8GB versions are affect all the same. Better start selling your AMD cards for max profit and switch over to Nvidia, which doesn't have any issue.

Check the top comment : https://www.reddit.com/r/EtherMining/comments/6i1ulz/incoming_hashrate_drop_for_rx_400_and_500_cards/

Wrong, both are affected but more so the 4gb polaris cards

You're precious 8GB isn't saving you now. 100% wasted money.

Why are you all so obsessed with Ethereum, there is Zcash too which is soaring and I have switched my mining boards from Ethereum to Zcash and I am very happy with such move. Each board have 5 RX 480 Gpu-s from Sapphire with a bit of overclock I am reaching 335 Sols for a card and I making a good amount of money. I don't think this will stop for at least a good few months.

There are alternatives but the simple fact is we need ether and it's millions of dollars of minable currency.

In the future when it is harder to have profit out of ETH then those gpus will flood to other coins.

RX cards will basically be worthless on ETH maybe 6 months out.

It is hard to predict, maybe this will be a bit of a switch to GTX for ether and AMD will sink Zcash profit as users switch over hardware.

[poby]

DOOM DOOOOOOOM DOOOOOOOOOOOOM

Thats all anyone wants to talk about. ONE COIN might not be profitable anymore and all of a sudden the entire ecosystem is dead? Give me a break.

DOOM is factually correct if eth ceases to be profitable.  Considering 90% of people are mining eth, what do you expect to happen to the other coins if that 90% changes over to start mining them?  10 x more miners = 10 times difficulty = 1/10 revenue.

[YIz]

Ethereum will go PoS eventually, losing a few percent is not a big deal. Those Polaris chips will continue to be great for any other crypto.

[Juggar]

Ethereum will go PoS eventually, losing a few percent is not a big deal. Those Polaris chips will continue to be great for any other crypto.

Its not a few percent.... after some months people will feel the pain. The main point is, RX cards are not sustainable(over the next 6 months) for mining now. Its a fact at this point, confirmed by claymore.

[joaocha]

Ethereum will go PoS eventually, losing a few percent is not a big deal. Those Polaris chips will continue to be great for any other crypto.

Its not a few percent.... after some months people will feel the pain. The main point is, RX cards are not sustainable(over the next 6 months) for mining now. Its a fact at this point, confirmed by claymore.

Calm down my people claymore just analysed the situation(today quick peek), he ill figure something out

you can also mine Musicoin and set auto exchange to eth in bittrex for example,

You can mine expanse, you can mine ubiq,

stop talking no sense shit like polaris is dead

my 480s ill aways be better them the shit 1060 in dual mining, even on dag 4248328946324632

[Juggar]

Ethereum will go PoS eventually, losing a few percent is not a big deal. Those Polaris chips will continue to be great for any other crypto.

Its not a few percent.... after some months people will feel the pain. The main point is, RX cards are not sustainable(over the next 6 months) for mining now. Its a fact at this point, confirmed by claymore.

Calm down my people claymore just analysed the situation(today quick peek), he ill figure something out

you can also mine Musicoin and set auto exchange to eth in bittrex for example,

You can mine expanse, you can mine ubiq,

stop talking no sense shit like polaris is dead

my 480s ill aways be better them the shit 1060 in dual mining, even on dag 4248328946324632

No, he said it CAN NOT BE FIXED.

https://bitcointalk.org/index.php?topic=1433925.msg19652577#msg19652577

Your 480's will NOT be better than 1060's a few months down the road. You'll be left holding the bag if you hang on to those 480's. Actually I prefer you hold on to them. Dont sell them, you're right. You'll have no issues at all.