Topic: Is mining with AMD still worth it? (Read 438 times)

Do you think it is better to mine the ETH or ZEC with the R9 390 cards? Which one will you use between the two?

Almost all my RIG is AMD card. From R9 290 and X series, 390 and X series, RX4xx and 5xx series. Especially RX580, currently used in the Ethash algorithm and still profit after calculating electricity bill.

ASICs could be around the corner, as if there is profit to be made someone will go after it, and Bitmain the rumored manufacturer certainly has the know how and experience.

Anyway, one thing I have been wondering is if Nvidia and/or AMD aren't starting to run mining farms of their own and helping to run-up both the retail price of GPUs  (less supply as they are using more of them internally) and also driving the hashrate (thus difficulty levels) way up resulting in less income for everyone else. If you think about it this is what Bitmain was accused of doing earlier on with BTC then scrypt coins, so it is certainly possible.

If this were to be the case, then even without the arrival of the alleged Ethash ASICs, home mining would quickly come to an end as any new chip technologies and/or driver optimizations for mining would be kept confidential by the large GPU manufactures.

Now, the benefits of personal mining should not be high, unless the use of mining machine.

yes, still worth.
I have RX580 HIS 8GB, 2x Powercolor 8GB. mining on ETH has the Hashrate 25 MH/s, 29 MH/s Modded without OC, 31-32 Modded+OC. at this time, my Rig mining on ETC. AMD excellent on an Ethash algorithm such ETH, ETC.

Thanks for sharing your experience!   I've been mining with 1080 ti's and 1080 rigs...thought about expanding but I definitely don't want to pay the prices now days (I bought 8 1080 ti's @ $699 during xmas time and now it's like $900+, 8 1080 for @$489 and now it's like $700+).   I built a 8 1050 ti rig recently (paid under $200 each for it) and even that now its  priced around $250 (definitely not worth it @ 180mh).  That's why I thought about AMD...

but it seems like there are still quite a few AMD GPU miners and that's why I want some opinions on it...

Jeff-

I don't think there are any "hates" for AMD but rather if it's worth buying it.

I remembered a month ago when I saw Nitro+ 580 on MicroCenter was @ like $280...thought about buying it but passed (kicking myself for it now) but now @ close to $500....I wouldn't mind buying it at that price and Ethhash dies, I will have a decent gaming gpu still

Anyway, I keep hearing people saying dual mining is dead but here people seem to dual mine still.....

I swear, coming from a import car guy...this whole Nvidia and AMD is like import vs domestics debate (if you are a car guy, you'll get this joke).

I am an ex AMD, now Nvidia miner - I used to use R9 290s. Their versatility and power, and the amount of cool software for them was great, but then the 10xx Nvidia cards came along and I had bought a 1070 for gaming and for an HTC Vive I stupidly bought. I tried it out for ETH mining just out of curiosity and it turned out that it hashed as well as or better than an R9 290x but used half the power. I live in a country where energy is very expensive so that it a big deal to me.

I don't know a whole lot about the RX cards and I have an irrational perspective on them because for me it was like they destroyed ETH mining. What I really mean is that when the RX cards arrived there was suddenly a huge amount of noobs on the original official ethereum mining forum endlessly talking crap about the best BIOS mod for an RX480, and the difficulty just went to the moon. I went from mining 5 ETH every 2-3 days to 1 ETH a week within about 3 or 4 months. But I'm just bitching now coz I sold a lot of ETH way too cheaply and should have HODL'd it.....

GPU mining is pretty depressed right now, and for some reason there are a ton of new almost identical DASH clone coins, most of which use neoscrypt, which are actually a little bit profitable - so that is where a huge amount of Nvidia hash power is. The rest of it is probably mining something equihash based. According to whattomine.com an RX 580 is about as good as a gtx1060 6GB at neoscrypt mining or equihash mining. I have no idea how much either a 580 or a 1060 cost right now (I got all my 10xx cards before there was this crazy supply shortage) but personally I would go for the 1060 based on power consumption. That's why I went away from AMD a year or so ago - they (AMD) seem to just ignore the fact that their GPUs are just so power-hungry. I guess that's because the GPUs are ostensibly for gaming and gamers don't play 24/7 so they don't care if their GPU is using 150W to achieve what a 1060 can do with 90W.

So if you pay a lot for electricity, you are better off getting gtx1060s than RX580s, unless 580s are MUCH cheaper. If, however your electricity is cheap then buy 580s if you want. I think that AMD are behind Nvidia in R & D just because Nvidia has more money but maybe the RX580 is a great mining card.

I have 4 x 1060 6GB (most of my other GPUs are 1070s and 1080s) and my advice about them is that if you are going to buy them - do A LOT of research because there is a lot of variation between brands and models. For example I have 2 MSI 1060 6GB "Gaming X" and they hash (at almost every algorithm) about 20-30% more than the other 2 1060s I have, but they use about 15% more power. I have no idea about variation between 580s, but I'm guessing that you want to get one with Samsung or Hynix GDDR5 memory if possible (not Micron).

It's a tough decision, especially now - good luck.

IDK why so much hate on AMD. Right now with the prices the way they are the RX 570 kills any other gpu.
IDK the Nvidia love. They are overpriced and underperform in anything but Equihash.
I can buy 2 Rx 570 and generate $100/ month or buy a 1070 ti for more than the 2 combined and make $65.
And when Ethhash dies my 2 570's will beat your 1070 ti by 20% to cover my extra power costs and make the same roi as you.

340 price would be a fairytale at this time . More like 400ish I can get it for...

I’m debating because it seems like equihash are the most profitable algorithm to mine now.  Thinking about trying something new (plus Nvidia price is just way too jacked up now).   Not sure if it’s worth me buying 8 580s knowing I make 1060 money on it u know?

AMD is more versatile to the algorithm and has higher mining values. The approximate price which Rx 580 should cost 340 USD, but now such prices are not found, probably soon manufacturers will fix and provide the necessary number of GPU on the market that will reduce cost.

Time of ROI when mining is decent even with $350 a card. I'll take the asic rumors with a truckload of salt. I don't see much threat coming from ASIC miners any time soon. It just doesn't seem  logical for ASICs to be made for Ethash with ETH going PoW in the near future.

On a cost/hash basis the RX 570/580 are the best new cards for mining ETH and dual mining. I agree it's probably not worth paying $350 or more though.

wow guys just check Claymore's new NeoScrypt miner.

AMD cards are just superior

The RX 580 is still one the better cards to mine ETH with, however finding it on a price closer to its MSRP is quite hard since the GPU price hike last January. We are still hoping to get the prices of the GPUs close to its MSRP since their price is starting to stabilize.

AMD's are great, I'd just stay away from ETH personally. Try ETC...huge potential in that coin right now anyway if you choose to hold your coins for a while. ethash coins great right now PIRL, MUSIC all have potential if not decent ROI cashing out.

Amd is on the way out. Maybe cryptonite algo.

One risk factor of a miner is the profits stability, as no one really knows how long mining could be profitable, today if you are going to check profitability for Rx580's you would earn as much as 2$/day minus the daily cost, unfortunately that is not the case, for the next few days,months or year a lot of challenges arise, maybe bad (Price low, ASIC ETH entry) or good (High coin price, new coin player for GPU).

its up to you how to manage the risk

It is said that Bitman is producing ASIC for ETH and I am having concerns on my rigs for this.
Indeed, the diff is increasing and my profit has been cut by 20% so far.
The same trend can be seen clearly in many tele group for mining, especially for rigs
It'd better to think about moving to ASIC at this point of time

Well, price really matters. There's a comparison here, http://gpu.userbenchmark.com/Compare/Nvidia-GTX-1070-vs-AMD-RX-580/3609vs3923 and for more insights, you may want to visit this thread, https://bitcointalksearch.org/topic/1070-vs-580-2045108 .