[ANN] Ethereum: Welcome to the Beginning

[Blazin8888]

Keep holding strong. Be ready.

[z0n0]

other than suprnova - what pools are there? where do you reccomand mining?

thanks

[Abiky]

Is Ethereum's mining algorithm GPU or ASIC minable? Sorry for the noob question, but I'm pretty confused with this "Dagger Hashimoto" algorithm. Also, isn't there an Ethereum mining calculator around? Thanks 

[z0n0]

Is Ethereum's mining algorithm GPU or ASIC minable? Sorry for the noob question, but I'm pretty confused with this "Dagger Hashimoto" algorithm. Also, isn't there an Ethereum mining calculator around? Thanks 

http://badmofo.github.io/ethereum-mining-calculator/

http://etherscan.io/ether-mining-calculator

[Abiky]

Is Ethereum's mining algorithm GPU or ASIC minable? Sorry for the noob question, but I'm pretty confused with this "Dagger Hashimoto" algorithm. Also, isn't there an Ethereum mining calculator around? Thanks 

http://badmofo.github.io/ethereum-mining-calculator/

http://etherscan.io/ether-mining-calculator

Great! Thanks for sharing this information. I guess this clears all my doubts. There is one more thing, though: Which would be a better GPU to mine Ether with? Nvidia or AMD? 

[nhutphan]

Is Ethereum's mining algorithm GPU or ASIC minable? Sorry for the noob question, but I'm pretty confused with this "Dagger Hashimoto" algorithm. Also, isn't there an Ethereum mining calculator around? Thanks 

http://badmofo.github.io/ethereum-mining-calculator/

http://etherscan.io/ether-mining-calculator

Great! Thanks for sharing this information. I guess this clears all my doubts. There is one more thing, though: Which would be a better GPU to mine Ether with? Nvidia or AMD? 

AMD rig is better atm.

Base on what I have:

HD 7950: 23-25Mhs stock-overclock
GTX750ti: 10.5Mhs overclock
GTX960: 11Mhs
GTX970: 18Mhs

[Xdragon]

other than suprnova - what pools are there? where do you reccomand mining?

thanks

http://dwarfpool.com/eth
https://www.coinotron.com/

[OrientA]

AMD rig is better atm.

Base on what I have:

HD 7950: 23-25Mhs stock-overclock
GTX750ti: 10.5Mhs overclock
GTX960: 11Mhs
GTX970: 18Mhs

Which catalyst version do you use for 7950? Which Windows version, ethminer version and frequency for the core/memory.

[ocminer]

other than suprnova - what pools are there? where do you reccomand mining?

thanks

http://coinmine.pl/eth

for example...

[merc84]

Dev why is mining soil or exp faster then mining eth?

I also noticed a few months ago. It is around 1Mh decrease per card compared to ETH forks. Hash rate is getting lower, and lower as time passes...

I've also noticed this, also I seem to be getting much less than expected payout wise from suprnova about 50% less than expected by mining calculator. Time to find another pool?

[ocminer]

Dev why is mining soil or exp faster then mining eth?

I also noticed a few months ago. It is around 1Mh decrease per card compared to ETH forks. Hash rate is getting lower, and lower as time passes...

I've also noticed this, also I seem to be getting much less than expected payout wise from suprnova about 50% less than expected by mining calculator. Time to find another pool?

Interesting, my rigs are still mining in variance about 80 to 110 % of the calculator. Sometimes a bit more, sometimes a bit less. There are plenty of pools, best is to spread hash around and not centralize so much.

[merc84]

Dev why is mining soil or exp faster then mining eth?

I also noticed a few months ago. It is around 1Mh decrease per card compared to ETH forks. Hash rate is getting lower, and lower as time passes...

I've also noticed this, also I seem to be getting much less than expected payout wise from suprnova about 50% less than expected by mining calculator. Time to find another pool?

Interesting, my rigs are still mining in variance about 80 to 110 % of the calculator. Sometimes a bit more, sometimes a bit less. There are plenty of pools, best is to spread hash around and not centralize so much.

I would expect some deviance from the calculator of course just not so much. Its a shame because I really do like your pool Is anyone using talkether pool if so how is it working out for you?

[DeCrypterManiac]

Dev why is mining soil or exp faster then mining eth?

I also noticed a few months ago. It is around 1Mh decrease per card compared to ETH forks. Hash rate is getting lower, and lower as time passes...

I've also noticed this, also I seem to be getting much less than expected payout wise from suprnova about 50% less than expected by mining calculator. Time to find another pool?

Interesting, my rigs are still mining in variance about 80 to 110 % of the calculator. Sometimes a bit more, sometimes a bit less. There are plenty of pools, best is to spread hash around and not centralize so much.

I would expect some deviance from the calculator of course just not so much. Its a shame because I really do like your pool Is anyone using talkether pool if so how is it working out for you?

I tried a few pools (suprnova, dwarf, eth.ua, talkether etc.) , it's all about the same for me.. best/highest results for me are still when mining solo but my rig crashes frequently.

[ocminer]

Dev why is mining soil or exp faster then mining eth?

I also noticed a few months ago. It is around 1Mh decrease per card compared to ETH forks. Hash rate is getting lower, and lower as time passes...

I've also noticed this, also I seem to be getting much less than expected payout wise from suprnova about 50% less than expected by mining calculator. Time to find another pool?

Interesting, my rigs are still mining in variance about 80 to 110 % of the calculator. Sometimes a bit more, sometimes a bit less. There are plenty of pools, best is to spread hash around and not centralize so much.

I would expect some deviance from the calculator of course just not so much. Its a shame because I really do like your pool Is anyone using talkether pool if so how is it working out for you?

Try to regenerate your DAG file, thats one of the common things, maybe not all of your shares are valid and that kills your efficiency and thus the payouts.

[Blazin8888]

In case anyone was wondering how exactly Ether will be used on the Ethereum platform: lets peek under the covers...in order to power the decentralised web, Ethereum cannot possibly rely on any centralised authority (because that authority could manipulate the database). Instead, every node that participates on the network holds a copy of a decentralised database, which they audit.

The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivised to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds.

Contracts are triggered and executed when users or other contracts call them.

If you were thinking that this necessary approach presents limits in terms of processing speed, you’d be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you’re not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. There are of course workarounds to this, including our upcoming storage solution called Swarm and our secure messaging protocol, Whisper, both companion technologies to Ethereum.

It also means that because computing power is limited, it has to be measured carefully so that no single actor can commit evil deeds such as running infinite loops on all the world’s Ethereum nodes. This unit of measure is called ‘gas’.

Gas comes into play when you try to make a contract do something. You ‘call’ a function of the contract, which then executes the code in that function. It could be validating an escrow, or ‘like’ a friend on a decentralised social app, or transfer an amount of contract-specific token to another user, etc. Anything.

In order to execute this function, the contract will need gas, just like your car does. So, as part of the function call, you specify how much ‘gas’ you want to send to the contract, and how much you’re willing to pay for that gas (priced in ether, Ethereum’s fuel and unit of account).

The different operations a contract can support are priced differently. One execution cycle cost one gas for example. Others, like writing to storage, cost considerably more (because storage is a very scarce resource).

If you send too much gas to the contract, and it doesn’t use all of it, it is refunded to you. If you send too little, the contract stops and rolls back (just like your car when it’s ‘out of gas’).

How gas is priced depends on the global consensus of the community. It’s therefore likely operations that have the best-priced gas will be executed first on the network, and the rest a bit later.


With that said...I could see the resting price sitting at $5-10 USD in the near future. Not much higher as the only reason it could go that high is speculators holding ETH or companies like Microsoft and independent developers hording ETH for their DAPP development projects.

[Chronikka]

Does anybody else mining on Windows have periodic crashes? Every time I begin mining (single R9 290 GPU) it starts up just fine. I submit shares and everything is happy. At some point (usually 1-2 hours later) it will eventually hang everything up and crash the computer. Geth and ethminer are not reporting any errors, it just suddenly stops working. Anybody else having these issues?

[NextGenCrypto]

Does anybody else mining on Windows have periodic crashes? Every time I begin mining (single R9 290 GPU) it starts up just fine. I submit shares and everything is happy. At some point (usually 1-2 hours later) it will eventually hang everything up and crash the computer. Geth and ethminer are not reporting any errors, it just suddenly stops working. Anybody else having these issues?

Yes, constantly.

[Blazin8888]

Does anybody else mining on Windows have periodic crashes? Every time I begin mining (single R9 290 GPU) it starts up just fine. I submit shares and everything is happy. At some point (usually 1-2 hours later) it will eventually hang everything up and crash the computer. Geth and ethminer are not reporting any errors, it just suddenly stops working. Anybody else having these issues?

No not for me

[Chronikka]

Does anybody else mining on Windows have periodic crashes? Every time I begin mining (single R9 290 GPU) it starts up just fine. I submit shares and everything is happy. At some point (usually 1-2 hours later) it will eventually hang everything up and crash the computer. Geth and ethminer are not reporting any errors, it just suddenly stops working. Anybody else having these issues?

Yes, constantly.

Any ideas why? I've been mining for a long time but just picked up ethereum and I've never seen anything like this. I'm convinced its instability in the miner program or problems with the graphics driver. I don't really have a reason for the second one but in my experience AMD's Catalyst is junk so I wouldn't be surprised if its related.

Does anybody else mining on Windows have periodic crashes? Every time I begin mining (single R9 290 GPU) it starts up just fine. I submit shares and everything is happy. At some point (usually 1-2 hours later) it will eventually hang everything up and crash the computer. Geth and ethminer are not reporting any errors, it just suddenly stops working. Anybody else having these issues?

No not for me

Did you by chance build your miner app from source?

[Blazin8888]

Great article to get your guys minds flowing on the potential future value of Ether:


"Cisco estimates that the number of devices connected to the Internet will swell from about 10 billion today to 50 billion by 2020, as wireless links spread beyond smartphones and PCs to many other kinds of devices. The Silicon Valley giant's chief executive,  John Chambers, is expected to discuss the opportunities Tuesday in a keynote speech at CES."


http://www.wsj.com/articles/SB10001424052702303640604579296580892973264




Anyone that wants to contribute to really dissecting this and brainstorming about how this could effect the ETH price in the future please post ideas here:
https://bitcointalk.org/index.php?topic=1229966.msg12824580