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Riding the Crypto wave

FireFox

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As soon as the % get better i will transfer what i have to my Euro wallet where i know it wont loose % and if in one month the % is low i just quit.
 
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With the amd RX card going for crazy amounts on ebay would it be worth wild to sell my rx470? I'm currently at 27.3Mhs with 80watt usage on gpuz. I would get a 1070gtx to replace it. From what I can tell it would still be a 50-100 dollar upgrade.
 
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Experimented with different 7970 bioses as I couldn't change the mV in afterburner. couple bioses, black screens and bluescreens further I stumbled upon the bios mod thread. now the card is at 1081 mV instead of 1291. also from 85 celsius back to 75. quite happy with it.
 
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Guys, I search for Ethereum mining and not alot of threads came about.

I wanna get on the bandwagon. At the moment I have CPU, RAM, Storage, I need to buy a MB and the GPU's. I'm looking at either 3 or 4 RX470's. What else will I need? Now I know this may sound stupid but, is there any rough estimate on how much the earnings per month would be?
 
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Guys, I search for Ethereum mining and not alot of threads came about.

I wanna get on the bandwagon. At the moment I have CPU, RAM, Storage, I need to buy a MB and the GPU's. I'm looking at either 3 or 4 RX470's. What else will I need? Now I know this may sound stupid but, is there any rough estimate on how much the earnings per month would be?
If you dont know anything about it I wouldnt get into it or use google search for better results.
 

cdawall

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Yea most of us have been doing that lol
 
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FireFox

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I don't know what i am doing wrong but i cant lower the power limit on my 1060s:confused: any tip?


I used MSi Afterburner to overclock ram and lower power limit.
 

FireFox

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Guys, I search for Ethereum mining and not alot of threads came about.

I wanna get on the bandwagon. At the moment I have CPU, RAM, Storage, I need to buy a MB and the GPU's. I'm looking at either 3 or 4 RX470's. What else will I need? Now I know this may sound stupid but, is there any rough estimate on how much the earnings per month would be?

Just a PSU to power it all
 

FireFox

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I used MSi Afterburner to overclock ram and lower power limit.

1060 locked.jpg
 

cdawall

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FireFox

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Excuse my ignorance but, what actual constructive work is being done by mining? I tried googling but i am none the wiser.

Nothing other than running the payment network, except with a few experimental coins. Etherium can do some simple productive work, and is a step in the right direction.

It's actually just a complex SHA hash break challenge, similar to breaking the password on a treasure chest by guessing randomly until one computer gets it right.
 
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Hey guys I've been debating on getting into this. Technically investing is no issue, but I just don't know what all needs to be setup with what cards.
Would my current card break even? PowerColor PCS+ AX7870 LE 2GB OC 1100MHz, 1600MHz
$0.11/KW/h I live on a farm so we normally pay $250-$500 in a month anyway.

Also wouldn't it be easier to just buy something like a BITMAIN AntMiner S9? Sadly I was on their website not to long ago and they had them in stock, thats what got me interested as I see this.
 
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Ok

so what maths problems are being solved, why and for who?
Problems are being created and solved by a blockchain environment. No added value for now.
Nothing other than running the payment network, except with a few experimental coins. Etherium can do some simple productive work, and is a step in the right direction.
I just can't see at this point how Ethereum could move from currency mining to something useful. Who will pay for this? What will stop participants from moving to a different activity that has better returns?
Who will organize the mining? I mean: if this becomes a distributed computing platform for rent and a company will want to use it, who will they contact? Who will act as other side of this agreement? Will this be Ethereum Foundation?

Blockchain will be important as a payment service (largest banks in the world are already developing a finance-friendly solution), but as a distributed computing platform? I doubt that.
And from what I've seen lately, it seems the distributed computing idea is slowing down a bit. As such, I think it's a bit to late for Ethereum (and similar projects) to get serious momentum.

Hey guys I've been debating on getting into this. Technically investing is no issue, but I just don't know what all needs to be setup with what cards.
Would my current card break even? PowerColor PCS+ AX7870 LE 2GB OC 1100MHz, 1600MHz
Before it dies? Possibly yes, but with tiny profit. Not worth the fuss.
Also wouldn't it be easier to just buy something like a BITMAIN AntMiner S9? Sadly I was on their website not to long ago and they had them in stock, thats what got me interested as I see this.

It would, but what you have to consider is that you're not the only person who thought about this. There's a limited supply of BTC to be mined, so the more people mine, the smaller is the profit.
Essentially, you're a bit to late into the bitcoin race, which can be seen in the estimated ROI - 2-3x longer than for GPUs mining other currencies.
Plus, it will be really difficult to use otherwise or sell your miner when it's too slow to make profit.
 
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Problems are being created and solved by a blockchain environment. No added value for now.

I just can't see at this point how Ethereum could move from currency mining to something useful. Who will pay for this? What will stop participants from moving to a different activity that has better returns?
Who will organize the mining? I mean: if this becomes a distributed computing platform for rent and a company will want to use it, who will they contact? Who will act as other side of this agreement? Will this be Ethereum Foundation?
.

My understanding is the smart contract functionality is purely built into the software. I'd suggest wikipedia for further understanding of how this system works.
 

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Anyone want to give me a setup guide to throw this on my LAN system (i5 6400 + 980 (970 in specs, but i have a 980 here as well)?

Tempted to see if its profitable or not with the high electric prices here
 
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My understanding is the smart contract functionality is purely built into the software. I'd suggest wikipedia for further understanding of how this system works.
Yes, there is "a funcionality".
But a smart contract is not a contract. It's not a legal agreement. For that, it would have to be recognized by legislation.
So we have the technology (more or less), but we don't have the necessary environment for it to be useful.
There are organizations that try to make blockchain useful (like the R3: https://en.wikipedia.org/wiki/R3_(company) ), but even if they find a solution, it'll be years before it is implemented.

This looks like a nice article about the matter (I'm at work and can't read the whole thing).
http://www.coindesk.com/making-sense-smart-contracts/
 

dorsetknob

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Tempted to see if its profitable or not with the high electric prices here

Not got a back yard off grid Solar array set up :) for your PC
Surly in sunny Aus with Free Sparky juice powering your Miner it would be Profitable ???
 

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Not got a back yard off grid Solar array set up :) for your PC
Surly in sunny Aus with Free Sparky juice powering your Miner it would be Profitable ???

its winter here. i'm thinking electric heater that makes me money, but googling this isnt getting me any simple info on how to set it up - i trust you TPU guys more.
 

FireFox

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its winter here. i'm thinking electric heater that makes me money, but googling this isnt getting me any simple info on how to set it up - i trust you TPU guys more.

For simplicity i use Nicehash to mine, it can be downloaded here: https://www.nicehash.com/?p=nhmintro

Nothing to set/tweak just install it go to options run the bench after done all what you have to do is click start and let it mine.
 
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aI'm also using Nicehash, and I find it easy to use too. Another thing, if you are mining on older cards or cards that come from the factory with a bad thermal pasta appliance, you should reapply it. My MSI R9 390 came out of the factory with a bad appliance and runs 15 celsius cooler after reapplying. :eek: (why didn't I think of that earlier :shadedshu:). My 7970 is a little bit older, it was applied really well on my card. But after time the paste dried up. Its running about 10 celsius cooler now.
 
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