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Topic: AMD mining DEAD NOW with Bitmain E3 (Read 1875 times)

legendary
Activity: 1498
Merit: 1030
April 15, 2018, 02:26:27 PM
#71
AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.

As far as I know, the F3 miner is still a thing of speculation. No solid proof has been given out except the one video (could be fake).

At this point, I'm of the opinion that if that video "claiming" to be about a F3 Ethereum ASIC was about a real miner, it is more likely to be the next generation Bitmain 14/16nm SCRYPT miner that I anticipate showing up in a few months, probably to be known as the L5 and by one report using 1300 watts.
1500+ Mhash of SCRYPT is a significant improvement over anything current on efficiency (about 3 times the hashrate for 1.5 times the power if that 1300 watt figure is correct), so well in line with what we've seen the 14/16 nm node achieve over 28nm on other algorithms.

full member
Activity: 602
Merit: 106
April 15, 2018, 01:58:43 PM
#70
AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.

As far as I know, the F3 miner is still a thing of speculation. No solid proof has been given out except the one video (could be fake).
newbie
Activity: 61
Merit: 0
April 12, 2018, 03:30:29 AM
#69
AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.

I agree if you think the E3 is less efficient. But F3 will kill AMD mining in ETH.
sr. member
Activity: 616
Merit: 256
April 11, 2018, 06:40:54 PM
#68
AMD mining is still not dead even if the Bitmain E3 dominate the EThash mining. There are still other profitable coins to mine using AMD GPUs ,if you are a true miner you will not get panic about the release of Bitmain E3, algo switch to the rescue but it will take time to adjust and fine tuning to other algo. AMD GPUs is still more energy efficient compared to NVIDIA, so that's why we can not conclude that AMD mining will be out of the mining scene.
legendary
Activity: 1498
Merit: 1030
April 11, 2018, 03:56:13 PM
#67
I haven't been watching the other ethash coins all that closely, but Ethereum ITSELF has shed a noticeable (but not large) amount of hashrate for weeks now - with a rather large dip on April 9.
sr. member
Activity: 2632
Merit: 328
April 11, 2018, 01:50:44 AM
#66
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.




But thats exactly why ETC price will have to rise to make it profitable

Or it will go unprofitable for a while and shed a bunch of hashrate - a far more likely option IMO for pretty much all GPU-mineable coins when The Next Big Shakeout happens.
Much like what happened to X11 coins when folks GPU mining Litecoin dumped out of it due to the Gridseed GC3355 + coin price dump drove GPU miners out of Litecoin in early 2014.





It would certainly do some bouncing up and down until it would settle at some (profitable) level...but this "asic" is different from others
because its not order of magnitude faster or more profitable, driving GPUs out...it certainly makes no sense to buy new GPUs, but
for already working rigs, it doesn't change much
newbie
Activity: 32
Merit: 0
April 11, 2018, 12:16:30 AM
#65
 Angry That's why I hate china ASIC manufacture.

They make asic, mine for themselves secretly, and sell to other when the ASIC is not profitable.

And make everybody make no money.
legendary
Activity: 1498
Merit: 1030
April 10, 2018, 02:55:10 PM
#64
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.




But thats exactly why ETC price will have to rise to make it profitable

Or it will go unprofitable for a while and shed a bunch of hashrate - a far more likely option IMO for pretty much all GPU-mineable coins when The Next Big Shakeout happens.
Much like what happened to X11 coins when folks GPU mining Litecoin dumped out of it due to the Gridseed GC3355 + coin price dump drove GPU miners out of Litecoin in early 2014.


member
Activity: 266
Merit: 50
April 10, 2018, 09:07:53 AM
#63
move on to another coin do not get carried away by debate between GPU and Bitmain. AMD manufacturers are not stupid in looking at the market situation and do not want to lose their products as well as consumers.
sr. member
Activity: 2632
Merit: 328
April 10, 2018, 06:07:50 AM
#62
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.




But thats exactly why ETC price will have to rise to make it profitable

I hope ETC will change the PoW so that it has wide miner community support.

What that means? Or you're just farming posts?
newbie
Activity: 9
Merit: 0
April 10, 2018, 06:01:18 AM
#61
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.




But thats exactly why ETC price will have to rise to make it profitable

I hope ETC will change the PoW so that it has wide miner community support.
jr. member
Activity: 168
Merit: 1
BLOCKCHAIN BASED REIT
April 10, 2018, 05:04:00 AM
#60
Quote
Is there any possibility that AMD will manufacture a new gpu with mining in mind ?
it seems like this will be very difficult, specifically for eth people mine using gtx, but it could be some time amd remove vga card support eth
newbie
Activity: 77
Merit: 0
April 10, 2018, 03:45:27 AM
#59
But thats exactly why ETC price will have to rise to make it profitable

Exactly, that was the point of my post
sr. member
Activity: 2632
Merit: 328
April 10, 2018, 02:18:12 AM
#58
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.




But thats exactly why ETC price will have to rise to make it profitable
legendary
Activity: 1498
Merit: 1030
April 09, 2018, 06:46:32 PM
#57
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up

The price won't matter, once ETH goes fully Proof of Stake income from mining it disappears as there will be NO MINING any more on it.

That's also going to dump profitability on ALL GPU mineable coins across the board though as the (currently) 9 million or more GPUs mining on ETH look for new homes, and will hammer profitability even harder on any remaining ethash coins as the E3 units in use by then look for new homes.

newbie
Activity: 77
Merit: 0
April 09, 2018, 06:16:13 AM
#56
Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

For that to happen, price of ETC must go 20-30 times up
legendary
Activity: 1498
Merit: 1030
April 09, 2018, 04:44:56 AM
#55
You DO know that ETC is an ethash coin, and therefore the E3 WILL mine it?

Yes but as you said that it won't hurt eth mining much. I want to know your opinion about mining etc if could be more profitable in future or long term.

Once ETH goes Proof of Stake fully, ETC will be INFINITELY more profitable to mine than ETH will be.

We just don't know "when" that will happen - even the devs can't give a firm date, just an estimated target (that they have missed a FEW times for various reasons).

sr. member
Activity: 2632
Merit: 328
April 09, 2018, 04:37:08 AM
#54
Nothing will happen, doom-and-gloomers will be disappointed
legendary
Activity: 1498
Merit: 1030
April 09, 2018, 04:29:15 AM
#53
I'm still waiting for evidence that any ASIC was mining in quantity on Ethereum before Bitmain announced the E3 (and any evidence that one exists NOW in more than engineering sample quantities).

There were no "sudden huge surges" like Litecoin had in second week of December or even any sudden small surges, the growth was pretty steady and AMD cards in particular were certainly in short enough supply during that growth to explain ALL of the hashrate increase.

If someone was getting enough batches of ETH ASIC chips from a foundry and building them into miners to account for a significant amount of the current ETH hashrate, there should have been a SURGE somewhere, not a fairly steady growth curve.


Note that Bitmain's business model has always been more about "turn the miners, get the profits, so we can buy more chips to make the next batch and turn THAT", which makes them a lot more money SOONER than mining does.

full member
Activity: 406
Merit: 110
April 08, 2018, 08:12:12 PM
#52

ETH devs have already ruled out a fork due to the E3 - they rightly don't consider it a serious threat - though they did say they reserved the right to fork if a threat actually DID show up (like the possibility the F3 is real and goes into production and meets the claimed hashrate out of that video).



Knowing this, do you really believe that Bitmain would release the F3 for production and public? That would obviously rally the troops against them and would be such an unwise move. I don't believe Bitmain is a company of illiterate baboons who have no business acumen.

They are hiding their ASIC treasures and we as miners are paying the price. I'm all for ETH forking. If Monero could simply do it, then ETH devs are just being lazy.
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