Topic: 4GB GPUs on ETH (Read 293 times)

The only advantage of the PX470, Px 480 video cards with 4 GB of memory and analogues is that they are now very cheap. If you have free green energy, then these video cards have a very good payback, cheap repairs, but from the minuses, this is a small profit.

The portion of the DAG above the 4GB vram limit is stored in the system/pc ram, and DAG requests to the above-4GB limit are coursed through the PCIe data lanes since CUDA allows for consolidated access to system/pc ram via a feature called "Unified Memory". This is why the hashrate drops since all accesses to DAG data above the 4GB limit need to go through the PCIe lanes to the system/pc ram, and this is also why using a x16 PCIe slot improves the gpu's access to system ram.

I don’t think after Ethereum that there will be something as profitable for POW as Bitcoin and Ethereum was. And it has mostly to do with climate change.

Most projects are POS because it’s efficient. Right now with climate change, price of oil, price of electricity is very high. Look at how many people are blaming Bitcoin for climate change right now, same with Ethereum. All that hash power using tons of power to power an entire country when it could be replaced by POS instead.

If you know what the market value of an item is, then offer it at a fixed price. No need to argue over sob stories with the buyer.

Continue mining until somebody buys the card or rig. Selling is not easy, especially in bulk; but seeing the value of your card drop from $350 to $200 overnight is much worse, let alone when I suffered a $370 to $90 crash in 2018. I price in a 15% loss when I sell anything due to either 8-9% feeBay fees or the time I spend.

I don't think ASICs are more than 30% of the nethash for ETH. Even if they are, the price of the ASICs is so high that building a GPU rig is better.

You are right that it will take 'a matter of time' for a new GPU gold rush, but be prepared to make zero daily profit for up to 3 years while you wait and your rig depreciates by 20-30% per year. If there is a gold rush, your rig doubles or triples in value while the coins you HODL'd go up 3-10x.

I would also only speculatively mine coins that are cheaper to mine than just mining the most profitable coin, then trading it for the coin you want. Usually it's cheaper and more convenient to just mine the best coin, then invest the proceeds into a portfolio of speculative coins.

Only problem is I don't like selling stuff because I'm always being talked down. If I sell my six GPUs, someone will lowball me. I hate that. I sold a razor phone and the buyer gave a sob story and said it was for a senior to call 911. I tried to be firm at $50, but they kept to their sob story and only offer $30 and there were no other buyers. This is common on craigslist/ebay.

If ETH can still be this profitable after all those millions of Asic miners around the world then its possible that other PoW coins will continue from where ETH left off, its only a matter of time, once every coins are worthless to mine the difficulty will start reducing, this is where I will get in.

You have two options.

1: Wait until AFTER the ETH PoS merge. Wait until video card prices crash as miners go out of business then liquidate their rigs. Then buy cheap RTX 3060's for $200-250 each or RX 6800's for $300-400. With free power, you will probably make a 20%-50% per year return; then hopefully when the next GPU coin gold rush happens, you can make a 200-400% return in a year.

2: Buy video cards now and mine on them, hoping to sell them off right before the PoS merge. You're taking a risk with timing. However, PoS should take at least 6 months. Returns in today's market can be up to 300% at free power.

You can combine both these options as well. What I plan to do is mine for the next few months, liquidate, then buy back 3x as many cards after the PoS aftermath is over.

Switching over to a different coin after PoS will not work, because the resale value of your GPU will collapse overnight. You must liquidate before GPU prices crash!

Those days are long gone. Mine ERG, ETC, FLUX or the best coin for the hardware. Beware that after ETH PoS, all the ETH ASICs like the Innosilicon A10 / Bitmain E9 will be mining ETC/ZIL/MTP/QKC. Your GPU will be competing against ASICs which have no other choice, so expect to make 10x less revenue than you can these days.

BTW, folks who bought ETH ASICs today will be the bagholders if PoS happens in less than a year. Imagine the value of an Innosilicon A10 Pro 750Mh miner plummeting from $14k to just $2k. They'll never get their money back even if ETH is $5000!

Besides, Etthereum, what coin should I mine after the merge? I get free power.

Also to me staking is like adding to a savings account. Eventually, you're making lots of money after many deposits. Real estate investors save a small amount of money from their paycheque each week until one day they have a down payment.

Staking is much colder than mining, the requirement to stake coins for better profits feels almost impossible unless you have some thousands of dollars that you are ready to throw aside for staking, with 500$ worth of coin put into staking you won't make 1$ per day but with a single GPU you will make a bit more, almost 2$ per day.

Yes. many pools can do this. The user asked if 4GB gpu's can mine Ethereum. (You can mine Ethereum classic and get Payout in ethereum)
 
This is also supported by miningpooluhub.com. Miningpoolhub is pretty big pool for both Ethereum and Ethereum classic so might be better than unminable..

I have use the Unmineable pool to mine lots of Shiba Inu tokens a few months ago but I noticed that I would have made more Shiba inu tokens if I mined ETH directly and swap for Shiba inu on Binance exchange, you are simply giving away coins if you are using Unmineable, every Unmineable coins and token can be bought after mining ETH.

I believe no one uses that pool for mining ETC or ETH as there are other pools like 2miners which you can mine ETC and be paid in Bitcoin directly which has better value.

I strongly agree to use this pool to mine coins that are unmineable by default,I have used this pool to mine a few FUN tokens as I believe it has potential as a coin.

In fact there is the zombie mod on lolminer to mine eth with 4gb gpu of ram but the hashrate was obviously reduced now with the increase of the eth dag i do not know if it is still working, however the 4gb cards should not be sold they can be used to mine fine other altcoins or eth indirectly via unminable or zergpool

T-Rex miner and Teamredminer can do the same. It is no stunt.

Do you have anything to do with the unmineable pool? Because we all know that Unmineable pool are reaping people off, or let me just they the pool is not profitable, it is better and more profitable to mine Ethereum Classic direct using popular pools like Flexpool, the result will be so please than using Unmineable pool.

You can mine Ethereum Classic and choose payout in Ethereum. Pool: unminable.com

100MHASH ETH: $3.53 / day
100MHASH ETC $2.40 / day

A rx580 4gb (30MHASH ETC) will get as much return as (20,4 MHASH ETH) (by mining Ethereum classic and converting to Ethereum)

If Ethereum failed to switch to pos the next cards that will be like rx580 4GB are those with 6GB memory like the 1660s 2060 6GB etc but with lolminer they will have some extra month after 6GB DAG is over, I don't know how lolminer devs manage to pull this stunt, they did a very good job.

Yeah the 4GB GPUs milked the most out of ETH that they could. At first it was how lolminer made it possible to mine when the dag was over 4GB with reduced speed, didn’t think it was possible. And then he made it possible to mine faster if you put the GPU in a x16 slot instead of a riser. So these GPUs went a long way.

I remember buying them in 2016 and worrying about ETH going POS then and I would be stuck with those mid tier GPUs. However I got my money worth and besides dead fans, I never really had any hardware issues with the cards themselves. It was a very good platform in my opinion.

No, the DAG files are too big for 4GB cards. I would not recommend buying new mining hardware as Ethereum is moving to POS, so I would recommend staking instead.

Ethereum Classic is more reliable for 4GB graphic cards, I think once Ethereum goes fully proof of stake in future the next coin on miners minds will be Ethereum Classic, this will be like Ethereum in 2016 all over again, Flux value will be worth more in future as well but ETC will be more profitable.