742 mh/s Ethereum mining, really? RX5700 70mh/s ?

mineshop.eu

copper member

Activity: 407

Merit: 59

Quote from: Oakey22 on December 20, 2019, 02:53:13 PM

It's not the market at the moment to be buying hardware. Save that dollar for buying coins

It's all about making the right decisions.
But this GPU to me seems currently the best choice when(if) profit returns. Really want to see performance on different algorithms, but very limiter miners which supports these cards.

Oakey22

sr. member

Activity: 489

Merit: 322

It's not the market at the moment to be buying hardware. Save that dollar for buying coins

badbart

member

Activity: 449

Merit: 24

I love mining 120 gpu's mining since Feb 2017 and their is zero reason to buy any gear right now. I don't see anything worth buying and I've been looking. You can always buy when things start to look better. I bought 90% of my gear a in 2017 a month before things got crazy and will repeat if things start to look better. If your bullish buy coins and if you make money use some of it to buy gear later.

mineshop.eu

copper member

Activity: 407

Merit: 59

Quote from: Metroid on December 20, 2019, 12:17:43 PM

if the rx5700 was $35 then it might be worth the hassle. ROI would be 150 days which i think it would be fair.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=70.0&p=150.0&fee=2.0&cost=0.1&hcost=35&commit=Calculate

That show us how much these coin prices can grow, 10 times from what we see now. eth to $1500, bitcoin to 30.000 usd.

It makes much more sense to buy eth now then mine it.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

if the rx5700 was $35 then it might be worth the hassle. ROI would be 150 days which i think it would be fair.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=70.0&p=150.0&fee=2.0&cost=0.1&hcost=35&commit=Calculate

That show us how much these coin prices can grow, 10 times from what we see now. eth to $1500, bitcoin to 30.000 usd.

mineshop.eu

copper member

Activity: 407

Merit: 59

AMD graphic cards has been very popular for mining, specially for ethereum mining. They have been best price per has and hash per watt since ethereum launch. Previous generation cards (RX 470 and RX570) was widely used on mining farms. Also the latest generation cards RX5700 has now been very efficient for mining ETH. I do understand that Profit is still very low to invest in GPU mining rigs, better choice would be to purchase coins now. But if the markets returns where it was in 2017/2018 , this would be the mining card to choose. As they are quite efficient.

So the test bench i have :

12xGPU all in one case
12x RX5700 MSI 8gb graphic cards
2300w power supply
Best Results for mining Ethereum got from this setup with 100 accepted shares:

640 mh/s
1770 watts

There is settings to add in Phoenix ethereum miner :

-openclLocalWork 128
-openclGlobalMultiplier 4096

By adding these 2 values to configuration you would be available to reach up to 70mh/s per GPU but with 30-50% invalid shares. Tried to change OC on graphic cards but that does not help.
video : https://www.youtube.com/watch?v=Du3xFR2Ug2w

Topic: 742 mh/s Ethereum mining, really? RX5700 70mh/s ? (Read 398 times)