Ethereum mining still profitable? - page 64.

zepaulim

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Quote from: ThunderThomas on February 07, 2016, 12:34:59 PM

Quote from: BruceLee007 on February 07, 2016, 07:21:23 AM

Yes is still profitable to mine ethereum,but need good hardware ,
but Intel and Nividea creating new products maybe it will help in the future.

I tried mining ETH but it's quit hard to set up.
Even on a node and on my PC. With the current increase i do believe it's profitable, but question is how long willt his price stay 'high'

Indeed its hard to setup ETH mining. There are many steps involved and that can be kind of overwhelming to newcomers. But if you really put some effort into it, i am sure you can do it. Just read good tutorials and seek help here if needed.

Yeah we really cant predict the future but there are many signs that shows increased market awareness about ETH. One of the biggest examples is Genesis Mining offering ETH mining plans now. Another one would be the spike in transaction volume across many important exchanges. This is mostly caused by chinese mining farms entering the party. And like i said before, the window to make a profit is getting narrower everyday.

We all know ETH is turning to POS in one year. I think this fact can lead/is leading to an "ETH rush" that has the potential to make the price go higher this year.

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Quote from: BruceLee007 on February 07, 2016, 07:21:23 AM

Yes is still profitable to mine ethereum,but need good hardware ,
but Intel and Nividea creating new products maybe it will help in the future.

I tried mining ETH but it's quit hard to set up.
Even on a node and on my PC. With the current increase i do believe it's profitable, but question is how long willt his price stay 'high'

BruceLee007

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Yes is still profitable to mine ethereum,but need good hardware ,
but Intel and Nividea creating new products maybe it will help in the future.

Eliovp

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Huh?

Quote from: Patusinmod on February 07, 2016, 04:42:31 AM

You can also ROI with old 280x cards. They are cheap and powerful. For the new Fury cards, you will not ROI.

You can foresee the future i guess?

Tell me where to get me one of those magic bowls.

Patusinmod

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Quote from: zepaulim on February 07, 2016, 12:39:41 AM

Quote from: kotarius on February 06, 2016, 08:43:35 PM

Quote from: adaseb on February 06, 2016, 08:03:41 PM

Ethereum forum, they made a calculation and said most GPUs won't be able to mine Ethereum due to DAG limit. Only 4GB and higher will work.

Do you have a source for this calculation? Someone is making a mistake here. The DAG will be 2.24gb in exactly one year. Not over 3gb in 45 days.

Please also see https://github.com/ethereum/wiki/wiki/Ethash-Design-Rationale

QUOTE FROM SITE:

Quote

The ~0.73x per year growth level was chosen to roughly be balanced with Moore's law increases at least initially (exponential growth has a risk of overshooting Moore's law, leading to a situation where mining requires very large amounts of memory and ordinary GPUs are no longer usable for mining).

Furthermore, mining phase will finish in serenity, which is a year away.

That makes the window to make a profit very narrow. Cheesy

Should start assembling my mining rig right now.

You can also ROI with old 280x cards. They are cheap and powerful. For the new Fury cards, you will not ROI.

bitcoinpete

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Profitabilit is imposible to calculate if you look at this as a long term investment, if half the things that could ocurre with ethereum do there is no better coin to mine at the moment.

zepaulim

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Quote from: kotarius on February 06, 2016, 08:43:35 PM

Quote from: adaseb on February 06, 2016, 08:03:41 PM

Ethereum forum, they made a calculation and said most GPUs won't be able to mine Ethereum due to DAG limit. Only 4GB and higher will work.

Do you have a source for this calculation? Someone is making a mistake here. The DAG will be 2.24gb in exactly one year. Not over 3gb in 45 days.

Please also see https://github.com/ethereum/wiki/wiki/Ethash-Design-Rationale

QUOTE FROM SITE:

Quote

The ~0.73x per year growth level was chosen to roughly be balanced with Moore's law increases at least initially (exponential growth has a risk of overshooting Moore's law, leading to a situation where mining requires very large amounts of memory and ordinary GPUs are no longer usable for mining).

Furthermore, mining phase will finish in serenity, which is a year away.

That makes the window to make a profit very narrow. Cheesy

Should start assembling my mining rig right now.

kotarius

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Quote from: adaseb on February 06, 2016, 08:03:41 PM

Ethereum forum, they made a calculation and said most GPUs won't be able to mine Ethereum due to DAG limit. Only 4GB and higher will work.

Do you have a source for this calculation? Someone is making a mistake here. The DAG will be 2.24gb in exactly one year. Not over 3gb in 45 days.

Please also see https://github.com/ethereum/wiki/wiki/Ethash-Design-Rationale

QUOTE FROM SITE:

Quote

The ~0.73x per year growth level was chosen to roughly be balanced with Moore's law increases at least initially (exponential growth has a risk of overshooting Moore's law, leading to a situation where mining requires very large amounts of memory and ordinary GPUs are no longer usable for mining).

Furthermore, mining phase will finish in serenity, which is a year away.

adaseb

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Quote from: Zaducis on February 06, 2016, 06:29:59 PM

Quote from: adaseb on February 05, 2016, 10:27:05 AM

Quote from: Bokelka on February 05, 2016, 09:29:54 AM

Quote from: adaseb on February 05, 2016, 07:36:19 AM

When will Ethereium stop being possible to mine with 3GB GPUs ?

Around end of this year. But PoW phase of mining will finish before then. It will change to PoS before then.

I heard it was like in 45 days.

Where do you hear about it? PoW will last for around 10 months, then it will be replaced by PoS.

Ethereum forum, they made a calculation and said most GPUs won't be able to mine Ethereum due to DAG limit. Only 4GB and higher will work.

Zaducis

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Quote from: adaseb on February 05, 2016, 10:27:05 AM

Quote from: Bokelka on February 05, 2016, 09:29:54 AM

Quote from: adaseb on February 05, 2016, 07:36:19 AM

When will Ethereium stop being possible to mine with 3GB GPUs ?

Around end of this year. But PoW phase of mining will finish before then. It will change to PoS before then.

I heard it was like in 45 days.

Where do you hear about it? PoW will last for around 10 months, then it will be replaced by PoS.

adaseb

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Quote from: Bokelka on February 05, 2016, 09:29:54 AM

Quote from: adaseb on February 05, 2016, 07:36:19 AM

When will Ethereium stop being possible to mine with 3GB GPUs ?

Around end of this year. But PoW phase of mining will finish before then. It will change to PoS before then.

I heard it was like in 45 days.

Bokelka

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Quote from: adaseb on February 05, 2016, 07:36:19 AM

When will Ethereium stop being possible to mine with 3GB GPUs ?

Around end of this year. But PoW phase of mining will finish before then. It will change to PoS before then.

adaseb

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When will Ethereium stop being possible to mine with 3GB GPUs ?

antantti

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Quote from: bluebox on February 04, 2016, 11:02:51 PM

Quote from: antantti on February 04, 2016, 08:41:03 AM

Where I live it's best to buy AMD even if you already have Nvidia. Used quality 7970 sets you back 130-150€ (22-24MH), 290(X) 220-240€ (28-31MH), GTX 970 300-320€ (20-22MH). After tweaks power consumption is almost the same (~200W per card). For gaming 290(X) is a s fast as GTX 970.

I'm paying 0.1€/ kWh and my nvidia rig is still more profitable hashing 110MH@1000W than 83MH@600W (lowest I can go with 5 x 970).

Of course, understood. Different everywhere you go. California pays $0.25 kW/h, Nevada is next to nothing at night... AMD works well for highest hashrates, nVidia offers the power play (so long as cuda devs can wring it out of the code). My cards are over a year old, having mined a good bit of dark until difficulty rose a bit too high and the price dropped (coming back though). Cheesy

New 970's can be had for $300 in the US (285€). Wasn't suggesting buying new for mining though; best if you already had 'em — or like you said, get older or used AMD, and I suppose underclocking them if electricity and ROI are issues. Juice where I'm at is $0.085 kW/h (0.075€)

New 970's start here from 330€ but it is still very hard to find good used ETH mining card (no 6+6 pin, no hynix, under warranty) under 300€. For some reason there is demand... Cool

bluebox

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Quote from: antantti on February 04, 2016, 08:41:03 AM

Where I live it's best to buy AMD even if you already have Nvidia. Used quality 7970 sets you back 130-150€ (22-24MH), 290(X) 220-240€ (28-31MH), GTX 970 300-320€ (20-22MH). After tweaks power consumption is almost the same (~200W per card). For gaming 290(X) is a s fast as GTX 970.

I'm paying 0.1€/ kWh and my nvidia rig is still more profitable hashing 110MH@1000W than 83MH@600W (lowest I can go with 5 x 970).

Of course, understood. Different everywhere you go. California pays $0.25 kW/h, Nevada is next to nothing at night... AMD works well for highest hashrates, nVidia offers the power play (so long as cuda devs can wring it out of the code). My cards are over a year old, having mined a good bit of dark until difficulty rose a bit too high and the price dropped (coming back though). Cheesy

New 970's can be had for $300 in the US (285€). Wasn't suggesting buying new for mining though; best if you already had 'em — or like you said, get older or used AMD, and I suppose underclocking them if electricity and ROI are issues. Juice where I'm at is $0.085 kW/h (0.075€)

antantti

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Quote from: Marvell1 on February 04, 2016, 02:44:12 PM

What tweaks are you making, 290x pulls 260 plus watts on my end compared to the 220 watts on my 280x
Miners .

I agree with you on the 970s the entry price is too high given that I only plan on mining eth, by the time the 970 gets into the green homestead will be over and mining will be done by summers end

Underclock core, overclock memory, undervolt card. You need to find yourself what works best for your card.

Undervolting can be done with software in windows, in linux you need to flash modded bios.

Eliovp

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Huh?

Quote from: adaseb on February 04, 2016, 02:55:51 PM

When did GPU mining become profitable again? About a year ago I sold my GPUs to get Antminers and now it seems I should sell my Antminers and get GPUs again.

I quit because I had a bunch of 280X and only made like $2 per day, now with the same amount of cards I can make $10.

Yeah, lots of people sold their GPU's because they weren't making enough profit anymore.

I had a chance of buying a 280x farm back then, but i decided not to do it. Now i wish i did :p

However, i still have 95% of my GPU's from when i started GPU mining (a little over 2 years ago.), and i'm happy i still have them!

Also, it seems that the good days aren't over yet. New and interesting coins are peeking from behind the corner ready to be GPU-mined :p

+ it's more fun as well. Antminer just sit there, you can't do anything with them except change pool.

adaseb

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When did GPU mining become profitable again? About a year ago I sold my GPUs to get Antminers and now it seems I should sell my Antminers and get GPUs again.

I quit because I had a bunch of 280X and only made like $2 per day, now with the same amount of cards I can make $10.

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Quote from: antantti on February 04, 2016, 08:41:03 AM

Quote from: bluebox on February 04, 2016, 08:06:07 AM

Quote from: Marvell1 on February 04, 2016, 03:38:34 AM

A 970 is more expensive than a 280 or 280x
Unless you already have the nvida hardware its best to buy AMD

There's the rub -- GTX may cost a bit more initially but will recoup some in electric cost over time, perhaps a long time depending on coin/exchange rate! GTX have held resale value a little better over time if that's a factor (not to me), and besides -- my box was always a gaming rig first, mining off-hours second, when profitable. I exchange coins fairly quickly, selling to the greater fool while they're still "worth" something. Wink

Where I live it's best to buy AMD even if you already have Nvidia. Used quality 7970 sets you back 130-150€ (22-24MH), 290(X) 220-240€ (28-31MH), GTX 970 300-320€ (20-22MH). After tweaks power consumption is almost the same (~200W per card). For gaming 290(X) is a s fast as GTX 970.

I'm paying 0.1€/ kWh and my nvidia rig is still more profitable hashing 110MH@1000W than 83MH@600W (lowest I can go with 5 x 970).

What tweaks are you making, 290x pulls 260 plus watts on my end compared to the 220 watts on my 280x
Miners .

I agree with you on the 970s the entry price is too high given that I only plan on mining eth, by the time the 970 gets into the green homestead will be over and mining will be done by summers end

antantti

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Quote from: bluebox on February 04, 2016, 08:06:07 AM

Quote from: Marvell1 on February 04, 2016, 03:38:34 AM

A 970 is more expensive than a 280 or 280x
Unless you already have the nvida hardware its best to buy AMD

There's the rub -- GTX may cost a bit more initially but will recoup some in electric cost over time, perhaps a long time depending on coin/exchange rate! GTX have held resale value a little better over time if that's a factor (not to me), and besides -- my box was always a gaming rig first, mining off-hours second, when profitable. I exchange coins fairly quickly, selling to the greater fool while they're still "worth" something. Wink

Where I live it's best to buy AMD even if you already have Nvidia. Used quality 7970 sets you back 130-150€ (22-24MH), 290(X) 220-240€ (28-31MH), GTX 970 300-320€ (20-22MH). After tweaks power consumption is almost the same (~200W per card). For gaming 290(X) is a s fast as GTX 970.

I'm paying 0.1€/ kWh and my nvidia rig is still more profitable hashing 110MH@1000W than 83MH@600W (lowest I can go with 5 x 970).

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