New to Mining Ethereum

[Dingleberry08]

Hello all, I'm a super newby here that just figured out how to use my GTX 970 to mine Ethereum. I'm currently running (past 24 hours) Ethereum Wallet and Claymore 9.6. I have a series of questions I'd really like help with...

1- I have geth (not currently running) but I read somewhere that I don't need to use it... is that true?
2- The screenshot shows what I have going on - is it actually mining the pool? I tried looking up my miner but I get a response that my miner is either Inactive or I don't have eth_submithashrate. What do I do?

Have I just wasted 24 hours of time? Thank you for any help you can provide me!
https://www.dropbox.com/s/2iph8i05m39uhpv/IMG_4855.JPG?dl=0

I don't have my GPU OC'd at the moment
here's my bat file:
ethminer -G -F http://ethereumpool.co/?miner=18@{miner wallet addr from Ethereum Wallet}@onyx

[Dingleberry08]

Anyone...?

[yerfei]

Hello all, I'm a super newby here that just figured out how to use my GTX 970 to mine Ethereum. I'm currently running (past 24 hours) Ethereum Wallet and Claymore 9.6. I have a series of questions I'd really like help with...

1- I have geth (not currently running) but I read somewhere that I don't need to use it... is that true?
2- The screenshot shows what I have going on - is it actually mining the pool? I tried looking up my miner but I get a response that my miner is either Inactive or I don't have eth_submithashrate. What do I do?

Have I just wasted 24 hours of time? Thank you for any help you can provide me!


I don't have my GPU OC'd at the moment
here's my bat file:
ethminer -G -F http://ethereumpool.co/?miner=18@{miner wallet addr from Ethereum Wallet}@onyx

Try Winminer Software

https://bitcointalk.org/index.php?topic=2004875.0

[Ayers]

hey don't mine ethereum with that ancient card, it give you only 22MH for 140watt very bad performance, you can have the same with a 1060 that consume 80 watt and cost less, sell and buy a 1060 or 1070 which is better, but anyway mine something else like hush or komodo, they are better for nvidia

[Dingleberry08]

thanks for the insight @Ayers, but would you mind answering my questions in the OP... I know my card is ancient to mine Eth...

[Heimer]

Dont listen to him 970 isnt ,,ancient". If power draw isn't problem for you, then mine ETH (you could undervolt it). Check your pool or wallet ballance, if you've got 0ETH, it means that you waisted your time

[Vann]

thanks for the insight @Ayers, but would you mind answering my questions in the OP... I know my card is ancient to mine Eth...

What he's trying to say is that is not an efficient card for ETH mining. If you want to accumulate ETH, it would be more profitable to mine another coin that your card is more efficient with and then convert it to ETH by selling the mined coins and buying ETH.

I would also suggest downloading the NiceHash miner and running the benchmark. That will give your cards hash rate for different algorithms and then use a profitability calculator to find out which are the best coins to mine.

http://whattomine.com

[Dingleberry08]

Guys, I know all this... what I don't know is the Answers to the Questions in my Original Post! Any Help With Those Answers would Be GREAT!!!

[Bothebu]

You are getting shares accepted, so that is good.

https://ethermine.org/miners/"insert your address here, without quotes"

You dont need geth...use Myetherwallet, once you have a payout.

[Dingleberry08]

You are getting shares accepted, so that is good.

https://ethermine.org/miners/"insert your address here, without quotes"

You dont need geth...use Myetherwallet, once you have a payout.

EXCELLENT!!! Thank You Bothebu! So the results when I put my miner in the link you provided tells me I'm owed .008 ETH and my AVG Hashrate is 15.1MH/s

So it IS Mining!
that's not bad for doing nothing, in my book! - if my math is correct (and there weren't any changes to the difficulty of mining ETH) - if all stayed the same as it is now, I'll mine 87 ETH in a year... lol

[Bothebu]

You're welcome, but I hate to burst your bubble....Your math is off somewhere...15M/H for a year is about 2.5 ETH, assuming no change in difficulty...

[modzer0]

You are getting shares accepted, so that is good.

https://ethermine.org/miners/"insert your address here, without quotes"

You dont need geth...use Myetherwallet, once you have a payout.

EXCELLENT!!! Thank You Bothebu! So the results when I put my miner in the link you provided tells me I'm owed .008 ETH and my AVG Hashrate is 15.1MH/s

So it IS Mining!
that's not bad for doing nothing, in my book! - if my math is correct (and there weren't any changes to the difficulty of mining ETH) - if all stayed the same as it is now, I'll mine 87 ETH in a year... lol

Ethermine has a "Payouts/Rounds" tab at the top, which will tell you your estimated profits, based on current difficulty. My hashrate is 133-134 MH/s, and it tells me that's currently 1.47 ETH per month, which works out to about 17.64 ETH per year. Your estimate of 87 per year is definitely off... but I thought I'd point out that ethermine will do that calculation for you, so just click the tab and check it out.

[Dingleberry08]

Ok, thanks for the correction on the payout guys - I guess I need to get to 130-140 MH/s to make it worth wild :/
what equipment are you using modzer0?

[modzer0]

Ok, thanks for the correction on the payout guys - I guess I need to get to 130-140 MH/s to make it worth wild :/
what equipment are you using modzer0?

I have just one rig, with two RX 570s, two GTX 1070s and a GTX 970 that was formerly in my gaming PC. I always knew the 970 was way less efficient (I get around 17.1 MH/s with it), but this thread has me wanting to calculate if I couldn't do better by just getting rid of it, increasing the power limits on the other cards and dual mining decred or sia (I feel like the decred or sia would be worth more than the 17.1 MH/s of ETH I'd lose...)

My 1070s are Zotac minis, and I'm really impressed with them. They were cheap (as far as 1070s go), have dual fans but just one 8-pin power connector, and the build quality seems excellent. They did 26 MH/s each out of the box, and very easily overclocked to do 32.3 MH/s each (using only 100 watts each and temps are only 50-60C). If you're ever considering new cards for mining, those are worth a look. If I was going to expand more I would be looking at more of those exact cards.