Number 9! Ninth altcoin thread. Back to the moon Baby!

[philipma1957]

so t-rex had issues for nvidia.

Yes, switched hash rate jumped and rejected shares 0 vs 15.  T-Rex seemed to work better then phoenix until dag 382.

Nice size farm 5.6 gh

I have about 2.0 gh

[1715197096]

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[1715197096]

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[miner29]

Ive been using Nbminer for nvidia cards for last week.  Works pretty well.  only have 3.5GH on eth.

[philipma1957]

Ive been using Nbminer for nvidia cards for last week.  Works pretty well.  only have 3.5GH on eth.

Its a good farm size.

[DrX]

Epoch #382 just hit and pretty much killed off all AMG 4G GPUs (unless running lolminer) and Antminer E3. Looking at one pool,
https://ethermine.org/statistics

It looks like so far ~15% of the hashrate has been removed from the network. The block times are longer according to, https://ethstats.net/ so I wonder how low it will keep on going. I am assuming 20-25% or so which is crazy high.

Regarding lolminer on 4GB GPUs? I will probably just remove them from my farm and sell them on Craigslist. Basically there are 3 issues with lolminer. One there is no remote monitoring, there is no GPU throttling under overheat, they crash every 3 hours on average and the worst of all is the speed reduction. Under Epoch #380, my GPUs ran at 29.5MH/s each, then #381 it ran at 28.5MH/s, and an hour ago the speed decreased even further and runs at 27.5MH/s. So basically not worth the headache. RIP 4GB.

Same problem with hashrate, (HiveOS / Lolminer).
First card lost even more, from 29 -> 26 Mh/s.

Next drop in hashrate, first card 23.6Mh/s, rest of the cards 26Mh/s, Going down quite fast.
After it drops under 20Mh/s, it might be better to mine something else.
Quite nice that you can make "profit" with 10Mh/s, its only cents but still.

And next, now 21.6Mh/s and 23.8 Mh/s, decrease are percentual, about 9% ? First drop was 3Mh/s, Second 2.4Mh/s and the latest 2Mh/s.

[philipma1957]

Epoch #382 just hit and pretty much killed off all AMG 4G GPUs (unless running lolminer) and Antminer E3. Looking at one pool,
https://ethermine.org/statistics

It looks like so far ~15% of the hashrate has been removed from the network. The block times are longer according to, https://ethstats.net/ so I wonder how low it will keep on going. I am assuming 20-25% or so which is crazy high.

Regarding lolminer on 4GB GPUs? I will probably just remove them from my farm and sell them on Craigslist. Basically there are 3 issues with lolminer. One there is no remote monitoring, there is no GPU throttling under overheat, they crash every 3 hours on average and the worst of all is the speed reduction. Under Epoch #380, my GPUs ran at 29.5MH/s each, then #381 it ran at 28.5MH/s, and an hour ago the speed decreased even further and runs at 27.5MH/s. So basically not worth the headache. RIP 4GB.

Same problem with hashrate, (HiveOS / Lolminer).
First card lost even more, from 29 -> 26 Mh/s.

Next drop in hashrate, first card 23.6Mh/s, rest of the cards 26Mh/s, Going down quite fast.
After it drops under 20Mh/s, it might be better to mine something else.
Quite nice that you can make "profit" with 10Mh/s, its only cents but still.

but network is rising so a lot of gear is getting added on.

https://etherscan.io/chart/hashrate

295 on the 24th

And next, now 21.6Mh/s and 23.8 Mh/s, decrease are percentual, about 9% ? First drop was 3Mh/s, Second 2.4Mh/s and the latest 2Mh/s.

[adaseb]

Yeah my 4GB cards are all down to 23.5mhs or so. Basically every DAG reduces the speed by at least 1mhs per card and what is worse you would think the power consumption would go down since it’s hashing slower but it uses the same power as before.

I think I will use them for 2 more dags and then shut them down. Anyone know if there is anything else to mine like Beam or Raven or whichever other coin people are mining these days. ETC makes like a dime a day after power costs.

[philipma1957]

Yeah my 4GB cards are all down to 23.5mhs or so. Basically every DAG reduces the speed by at least 1mhs per card and what is worse you would think the power consumption would go down since it’s hashing slower but it uses the same power as before.

I think I will use them for 2 more dags and then shut them down. Anyone know if there is anything else to mine like Beam or Raven or whichever other coin people are mining these days. ETC makes like a dime a day after power costs.

Note the network drop was 4.7%

Track it and your hash drop.

Maybe it pays to run them a little longer than 2 jumps.

You can see a drop in hash rate on ethermine every dag increase.

https://ethermine.org/statistics

that is a pool

here is the whole network


https://etherscan.io/chart/hashrate

there was a solid drop from the 23rd to the 25th

295 to 281 or about -4.745%

lets wait until the next print on the 27-28 of dec and see what happens

maybe we drop to 267 another 4.7%

If true maybe we go as low as 210-230 in a month

[CryptoKiraly]

Yeah Phil... good to see 2 straight days of network hashrate drop... hopefully that trend will continue.  I just did some calcs and my 12 remaining 470s are still netting 40 cents per day per card profit.  Not a lot obviously but for cards that are fully depreciated, will likely keep them going at least through 2 more dags.  Luckily, i got my other 2 470 rigs converted over to a 6x 5600XT rig and a mixed rig with my lone 470 8GB, a 5600XT and the 2 5700's that i had to pull off my 5700XT rig due to a power supply issue.

On another related topic, is anyone here dual mining ETH + ZIL?  If so, can you provide a brief explanation or link on how it's done?  I've read that contrary to true dual mining (like the ETH + DCR i used to do), that it actually switches over to ZIL only for like 1 minute every 2-3 hours?  This seems strange to me and also, when i plug in numbers to a ZIL mining calculator, it always comes out at a loss, so there is probably something I am missing.  ZIL price has gone through the roof lately so seems like something to explore.

[adaseb]

Those drops always rise however. Look at ethermine pool stats instead and zoom out to Dec 24th,
https://ethermine.org/statistics

You can see the total hashrate was 61.7TH/s or so, and now its back to 60.8TH/s so the drop is more like ~1.5% or so. The hashrate decreased by 1.5mh/s per card so its more like 5% less. Since the price went up, the profitability is still the same however.

It would of been good if also the power consumption went down also by 5% then maybe it would make up for it. But when the speeds get into the 15MH/s range, then its mostly not worth keeping them running.

[philipma1957]

Those drops always rise however. Look at ethermine pool stats instead and zoom out to Dec 24th,
https://ethermine.org/statistics

You can see the total hashrate was 61.7TH/s or so, and now its back to 60.8TH/s so the drop is more like ~1.5% or so. The hashrate decreased by 1.5mh/s per card so its more like 5% less. Since the price went up, the profitability is still the same however.

It would of been good if also the power consumption went down also by 5% then maybe it would make up for it. But when the speeds get into the 15MH/s range, then its mostly not worth keeping them running.

no don't look at a pool stats look at complete network.

from 23 to 25 was a 4.7% drop

it is too early to know it that is a reflection of 4gb cards leaving and new hash coming on.

if true it will trend down for 6-9 more dags.

If not true we will just grow.  So by jan 27 or so we are 230ph for the network or 310-315ph

WE COULD HAVE SINKING HASH AND RAISING PRICE = $$$$$$

[bobben2]

Those drops always rise however. Look at ethermine pool stats instead and zoom out to Dec 24th,
https://ethermine.org/statistics

You can see the total hashrate was 61.7TH/s or so, and now its back to 60.8TH/s so the drop is more like ~1.5% or so. The hashrate decreased by 1.5mh/s per card so its more like 5% less. Since the price went up, the profitability is still the same however.

It would of been good if also the power consumption went down also by 5% then maybe it would make up for it. But when the speeds get into the 15MH/s range, then its mostly not worth keeping them running.

no don't look at a pool stats look at complete network.

from 23 to 25 was a 4.7% drop

it is too early to know it that is a reflection of 4gb cards leaving and new hash coming on.

if true it will trend down for 6-9 more dags.

If not true we will just grow.  So by jan 27 or so we are 230ph for the network or 310-315ph

WE COULD HAVE SINKING HASH AND RAISING PRICE = $$$$$$

I doubt if we will see sinking hashrate on ETH.  If at all, then it will only be for a short period.  Even though the 4GB cards and the Nvidia 10x0 cards are suffocating right now, there are new cards coming on the market that will fill the hole and then some.  Then you have the ever growing number of ASICs,  I think there will be more hasrate as the price of ETH climbs higher.  Think we will have a recurrence of the mining craze in 2017 when even the neighbor's dog was mining (DOGE no doubt).
Now pondering what to do with my Sapphire Pulse 4GB cards..  They are currently mining ETH at 25MH/s each.  The week before Xmas they did 28MH/s.  The power consumption has even gone up by 5Watts each card since they were doing 30MH/s..

[philipma1957]

Those drops always rise however. Look at ethermine pool stats instead and zoom out to Dec 24th,
https://ethermine.org/statistics

You can see the total hashrate was 61.7TH/s or so, and now its back to 60.8TH/s so the drop is more like ~1.5% or so. The hashrate decreased by 1.5mh/s per card so its more like 5% less. Since the price went up, the profitability is still the same however.

It would of been good if also the power consumption went down also by 5% then maybe it would make up for it. But when the speeds get into the 15MH/s range, then its mostly not worth keeping them running.

no don't look at a pool stats look at complete network.

from 23 to 25 was a 4.7% drop

it is too early to know it that is a reflection of 4gb cards leaving and new hash coming on.

if true it will trend down for 6-9 more dags.

If not true we will just grow.  So by jan 27 or so we are 230ph for the network or 310-315ph

WE COULD HAVE SINKING HASH AND RAISING PRICE = $$$$$$

I doubt if we will see sinking hashrate on ETH.  If at all, then it will only be for a short period.  Even though the 4GB cards and the Nvidia 10x0 cards are suffocating right now, there are new cards coming on the market that will fill the hole and then some.  Then you have the ever growing number of ASICs,  I think there will be more hasrate as the price of ETH climbs higher.  Think we will have a recurrence of the mining craze in 2017 when even the neighbor's dog was mining (DOGE no doubt).
Now pondering what to do with my Sapphire Pulse 4GB cards..  They are currently mining ETH at 25MH/s each.  The week before Xmas they did 28MH/s.  The power consumption has even gone up by 5Watts each card since they were doing 30MH/s..

the sinking if it lasts will be for 9-10 dags maybe it does it for just under a month.

[garetjax]

Phil,

Any update on viabtc vs nicehash since you switched some back to nicehash?   I'm using nicehash now but I only get paid once a week while btc price is increasing like mad and wondering if I should switch to viabtc and somehow convert to btc.

Thanks

[adaseb]

I doubt if we will see sinking hashrate on ETH.  If at all, then it will only be for a short period.  Even though the 4GB cards and the Nvidia 10x0 cards are suffocating right now, there are new cards coming on the market that will fill the hole and then some.  Then you have the ever growing number of ASICs,  I think there will be more hasrate as the price of ETH climbs higher.  Think we will have a recurrence of the mining craze in 2017 when even the neighbor's dog was mining (DOGE no doubt).
Now pondering what to do with my Sapphire Pulse 4GB cards..  They are currently mining ETH at 25MH/s each.  The week before Xmas they did 28MH/s.  The power consumption has even gone up by 5Watts each card since they were doing 30MH/s..

Yes my 4GB cards also experienced the same thing, hashed at 29MH/s for 4 years and now they are at 24MH/s, most likely in 2 days they will be at 22MH/s and in 1 week they will be less than 20MH/s or even worse. And I had the same issue with power consumption, it stayed the same or even increased. I am wondering if undervolting even more should help since they are hashing at a slower speed.

I don't own any Nvidia's so what is going on with the 10x0 GPUs? They are slowing down? I assumed it was an issued related to the software and should be fixed soon. How are the 1080's performing?

Regarding more GPUs going online? Yes its possible however there is a shortage. Now not only are miners buying them out, there are gamers who are desperate for GPUs because they are stuck at home during lockdown. So hashrate might have a smaller slope for now on.

[philipma1957]

Phil,

Any update on viabtc vs nicehash since you switched some back to nicehash?   I'm using nicehash now but I only get paid once a week while btc price is increasing like mad and wondering if I should switch to viabtc and somehow convert to btc.

Thanks

well all my simplemining rigs hooked up to nicehash crashed.

and I can not access them until monday or tuesday.

my viabtc are running.

my window 10 xmr to nicehash work.

to be fair the crash may be an internet issue due to the large storm that happened

on Christmas. I need to go to my friends office and see if he lost his dsl service.

I will get back to this on mon or tues.

this would be about 350mh down and out. 14 to 16 a day.

viabtc just chugs along.

Besides all this. I want to ask people if they use chromes internet up/down monitoring app.

I use five different modems in different spots in New Jersey.

In Clifton NJ
 I have verizon 300 mh service
 I have optimum 300 mh service

In Howell NJ
my house I have optimum 300 mh service
buysolar house I have optimum 300 mh service

In Lakewood NJ
friends office has verizon dsl

the chrome monitor is showing hundreds of cases of dropped internet since I found the app
at all five locations.
somedays It is perfect with no drops
on rainy bad storm days 50 or more split second drops.

does any check their up time with the chrome app?

[arielbit]

I'm going to repeat this hehe

1eth = 1gpu..almost a 3080 a piece, if you hodl for a bit longer, it can be a 3080ti or a 3090.

so upgrade your gpus wisely folks  ...aaaand do not fill your precious space with low hashing cards hehe

[philipma1957]

I'm going to repeat this hehe

1eth = 1gpu..almost a 3080 a piece, if you hodl for a bit longer, it can be a 3080ti or a 3090.

so upgrade your gpus wisely folks  ...aaaand do not fill your precious space with low hashing cards hehe

Or mine your eth selling 1/2 and holding the other half.

I can see eth over 1000 by my birthday on Jan 27

and I am not an eth fan at all

[adaseb]

I'm going to repeat this hehe

1eth = 1gpu..almost a 3080 a piece, if you hodl for a bit longer, it can be a 3080ti or a 3090.

so upgrade your gpus wisely folks  ...aaaand do not fill your precious space with low hashing cards hehe

Or mine your eth selling 1/2 and holding the other half.

I can see eth over 1000 by my birthday on Jan 27

and I am not an eth fan at all

Its really difficult to predict the ETHUSD price, could go to $1000 or $1400 or $2000. However I am pretty sure it will hit at least 0.05 ETHBTC or maybe even higher. Its hard to tell when Bitcoin topped, maybe it was today, maybe it will be on Dec 31st or maybe it will grind higher and higher.

However I think that eventually, especially since there is an ETH Futures launch on CME, I think the ratio will definately grow from 0.025 to a least double or triple. No idea what the price of BTC will be by then however if you hold ETHBTC you might make your BTC grow instead of just your USD.

[fr4nkthetank]

I always look at ETH or any altcoin vs bitcon price, never USD.  eth buy pressure may go crazy if the incentive is there (defi shenanigans).  Im happy mining ETH but if bitcoin pumps more and eth price goes from 0.028 to 0.018 say then youve lost a lot of potential bitcoin even if eth usd price goes up.  GPUs are still nowhere to be found where i'm at (3080, 3060ti, 6800, 5700xt) at msrp or close.  Miners are buying them from scalpers at any price.  Please never buy from scalpers.  1- they mine with the gpus and then repackage the box as new of course and 2-if something is wrong you have to RMA instead of store return.  I'm happy i'm at max capacity and the mine makes a lot more than my yearly salary as of current profitability...  let the insanity return to bitcoin for a little while at least please

edit: futures are interesting.  big miners will sell eth futures to hedge future mining profits.  will we see ETF's based on ETH futures ?  That would bring a lot of retail money in and it will pump.

[philipma1957]

I always look at ETH or any altcoin vs bitcon price, never USD.  eth buy pressure may go crazy if the incentive is there (defi shenanigans).  Im happy mining ETH but if bitcoin pumps more and eth price goes from 0.028 to 0.018 say then youve lost a lot of potential bitcoin even if eth usd price goes up.  GPUs are still nowhere to be found where i'm at (3080, 3060ti, 6800, 5700xt) at msrp or close.  Miners are buying them from scalpers at any price.  Please never buy from scalpers.  1- they mine with the gpus and then repackage the box as new of course and 2-if something is wrong you have to RMA instead of store return.  I'm happy i'm at max capacity and the mine makes a lot more than my yearly salary as of current profitability...  let the insanity return to bitcoin for a little while at least please

edit: futures are interesting.  big miners will sell eth futures to hedge future mining profits.  will we see ETF's based on ETH futures ?  That would bring a lot of retail money in and it will pump.

Mining both BTC and ETH. And I don’t care for eth one bit.

Still I dance with them a bit.