• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

The Only Thing You Get with Mining Ethereum Now is Room Heating

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
46,283 (7.69/day)
Location
Hyderabad, India
System Name RBMK-1000
Processor AMD Ryzen 7 5700G
Motherboard ASUS ROG Strix B450-E Gaming
Cooling DeepCool Gammax L240 V2
Memory 2x 8GB G.Skill Sniper X
Video Card(s) Palit GeForce RTX 2080 SUPER GameRock
Storage Western Digital Black NVMe 512GB
Display(s) BenQ 1440p 60 Hz 27-inch
Case Corsair Carbide 100R
Audio Device(s) ASUS SupremeFX S1220A
Power Supply Cooler Master MWE Gold 650W
Mouse ASUS ROG Strix Impact
Keyboard Gamdias Hermes E2
Software Windows 11 Pro
Cryptocurrency prices continue their downward slide making them no longer viable to mine on GPUs. The value of Ethereum has dropped to USD 256, down from its historic high of $1,250 this January. Bitcoin fell to below $6,000 Wednesday, way down from its late-2017 high of $19,000. A 79 percent devaluation isn't the worst of Ethereum's problems. The currency is facing stiff inflation from conversions to other cryptocurrencies or the Dollar. At its peak, ETH held 32 percent of all cryptocurrency market cap, beaten only by BTC at 39 percent. Now ETH only makes 14 percent.



View at TechPowerUp Main Site
 
Joined
Oct 2, 2004
Messages
13,791 (1.94/day)
They'll just make up some new stupid crypto currency and everything starts from zero again. Not thrilled at all... But I sure hope this means a death of this nonsense all together, hopefully...
 
Joined
Jan 8, 2017
Messages
8,863 (3.36/day)
System Name Good enough
Processor AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard ASRock B650 Pro RS
Cooling 2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory 32GB - FURY Beast RGB 5600 Mhz
Video Card(s) Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage 1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) LG UltraGear 32GN650-B + 4K Samsung TV
Case Phanteks NV7
Power Supply GPS-750C
The currency is facing stiff inflation from conversions to other cryptocurrencies or the Dollar

As if that wasn't the case since the very beginning with every other coin. :roll:
 
Joined
Sep 15, 2011
Messages
6,457 (1.41/day)
Processor Intel® Core™ i7-13700K
Motherboard Gigabyte Z790 Aorus Elite AX
Cooling Noctua NH-D15
Memory 32GB(2x16) DDR5@6600MHz G-Skill Trident Z5
Video Card(s) ZOTAC GAMING GeForce RTX 3080 AMP Holo
Storage 2TB SK Platinum P41 SSD + 4TB SanDisk Ultra SSD + 500GB Samsung 840 EVO SSD
Display(s) Acer Predator X34 3440x1440@100Hz G-Sync
Case NZXT PHANTOM410-BK
Audio Device(s) Creative X-Fi Titanium PCIe
Power Supply Corsair 850W
Mouse Logitech Hero G502 SE
Software Windows 11 Pro - 64bit
Benchmark Scores 30FPS in NFS:Rivals
Let me guess. They will invent another crypto coin, make it inflate to ridiculous levels, blow the bubble until it burtsts, then repeat with another currency.... And so on...
 
Joined
Sep 12, 2008
Messages
220 (0.04/day)
Location
Denmark
Processor Intel Core i7-6700k - Stock, multi core boost enabled
Motherboard MSI Z170i Gaming Pro AC
Cooling Noctua NH-U14S + Arctic MX2 thermal paste, 2 case fans (front and rear).
Memory 2x8gb Kingston DDR4 2666mhz
Video Card(s) MSI Geforce 1060 GTX Gaming X
Storage 120gb Samsung 830 EVO SSD, 240gb Samung 840 Evo SSD, 1tb Seagate HDD, 960gb Corsair Force MP510B
Display(s) Dell Ultrasharp 1920x1080
Case Phanteks Enthoo Evolv ITX SE
Power Supply SilverStone SST-ST85F-P
Mouse Microsoft IntelliMouse Explorer 3.0
Keyboard Steelseries 6Gv2 - Cherry MX Black edition
Software OS: Windows 10 Pro 64bit.
Benchmark Scores Cinebench R20 multicore score: 2249. Cinebench R23 multicore score: 5149.
Where are the '"onfessions of miner" when you need them ?

Yeah, what happened to that series? Funny that it suddenly became so absent... :rolleyes:
 

qubit

Overclocked quantum bit
Joined
Dec 6, 2007
Messages
17,866 (3.00/day)
Location
Quantum Well UK
System Name Quantumville™
Processor Intel Core i7-2700K @ 4GHz
Motherboard Asus P8Z68-V PRO/GEN3
Cooling Noctua NH-D14
Memory 16GB (2 x 8GB Corsair Vengeance Black DDR3 PC3-12800 C9 1600MHz)
Video Card(s) MSI RTX 2080 SUPER Gaming X Trio
Storage Samsung 850 Pro 256GB | WD Black 4TB | WD Blue 6TB
Display(s) ASUS ROG Strix XG27UQR (4K, 144Hz, G-SYNC compatible) | Asus MG28UQ (4K, 60Hz, FreeSync compatible)
Case Cooler Master HAF 922
Audio Device(s) Creative Sound Blaster X-Fi Fatal1ty PCIe
Power Supply Corsair AX1600i
Mouse Microsoft Intellimouse Pro - Black Shadow
Keyboard Yes
Software Windows 10 Pro 64-bit
So we can finally have reasonably priced cards at good availability again. At long last.
 
Joined
Jul 16, 2014
Messages
8,115 (2.29/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
So we can finally have reasonably priced cards at good availability again. At long last.
not quite yet, there are still etailers still riding that train and many cards are still overpriced priced.
 
Joined
Jan 20, 2014
Messages
299 (0.08/day)
System Name gamingPZ
Processor i7-6700k
Motherboard Asrock Z170M Pro4S
Cooling scythe mugen4
Memory 32GB ddr4 2400mhz crucial ballistix sport lt
Video Card(s) gigabyte GTX 1070 ti
Storage ssd - crucial MX500 1TB
Case silverstone sugo sg10
Power Supply Evga G2 650w
Software win10
good, now all the miners (or as they call them selves "technology backers", "vital payment network supporters") can realize - their "work" was not needed at all, there were no market principles behind any of mining (at these self inflated levels and prices - because if there were market principles supply/demand - then how can suddenly there be 0 or even a negative need for this network infrastructure ?) and it was just big bubble that they made them selves and all it did is produced more CO2 emissions as by product. for few years we wont see another craze (because it needs hype and dumb masses - that buys, trades, mines and hopes)
 
Joined
Jul 16, 2014
Messages
8,115 (2.29/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
good, now all the miners (or as they call them selves "technology backers", "vital payment network supporters") can realize - their "work" was not needed at all, there were no market principles behind any of mining (at these self inflated levels and prices - because if there were market principles supply/demand - then how can suddenly there be 0 or even a negative need for this network infrastructure ?) and it was just big bubble that they made them selves and all it did is produced more CO2 emissions as by product. for few years we wont see another craze (because it needs hype and dumb masses - that buys, trades, mines and hopes)
We wont see another craze like that for a very long time.
 
Joined
Jul 4, 2018
Messages
245 (0.12/day)
So we can finally have reasonably priced cards at good availability again. At long last.

I'm afraid that with the release of the new nVidia consumer cards about to be announced, there might be a new positive mining ROI making the prices rises all over again. Lets hope not. Cryptocurrencies as they work now must die.
 

qubit

Overclocked quantum bit
Joined
Dec 6, 2007
Messages
17,866 (3.00/day)
Location
Quantum Well UK
System Name Quantumville™
Processor Intel Core i7-2700K @ 4GHz
Motherboard Asus P8Z68-V PRO/GEN3
Cooling Noctua NH-D14
Memory 16GB (2 x 8GB Corsair Vengeance Black DDR3 PC3-12800 C9 1600MHz)
Video Card(s) MSI RTX 2080 SUPER Gaming X Trio
Storage Samsung 850 Pro 256GB | WD Black 4TB | WD Blue 6TB
Display(s) ASUS ROG Strix XG27UQR (4K, 144Hz, G-SYNC compatible) | Asus MG28UQ (4K, 60Hz, FreeSync compatible)
Case Cooler Master HAF 922
Audio Device(s) Creative Sound Blaster X-Fi Fatal1ty PCIe
Power Supply Corsair AX1600i
Mouse Microsoft Intellimouse Pro - Black Shadow
Keyboard Yes
Software Windows 10 Pro 64-bit
I'm afraid that with the release of the new nVidia consumer cards about to be announced, there might be a new positive mining ROI making the prices rises all over again. Lets hope not. Cryptocurrencies as they work now must die.
Agreed. I thought of this, but didn't dare say it, lol.
 
Joined
Jun 10, 2013
Messages
161 (0.04/day)
Location
H-town
That's what we told ourselves in 2013 after ASICs dominated BTC mining. I won't be holding my breath.
Pretty, much, the question is "when?" really.
I'm merely upset of the prices going up, I wouldn't mind miners having their go at things other than that reason.

Holding for the Nvidia cards, since I want the RX 570 performance but under $150, assuming competition can keep the GTX 2050 under that, or wait for AMD's variant, merely want the 4 Gigs to play Mankind Divided and Ultra Textures.

The Confessions were encouraging miners, which us gamers would see it as encouraging the price hikes, and the off chance that others might jump on-board due to the articles which won't make it any better.
I forgot what was said when someone was arguing about mining and directed it at R-T-B and R-T-B shrugs it off as priding himself for that, struck a new low for that guy.
 
Last edited:
Joined
Sep 17, 2014
Messages
20,782 (5.97/day)
Location
The Washing Machine
Processor i7 8700k 4.6Ghz @ 1.24V
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) ASRock RX7900XT Phantom Gaming
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Gigabyte G34QWC (3440x1440)
Case Fractal Design Define R5
Audio Device(s) Harman Kardon AVR137 + 2.1
Power Supply EVGA Supernova G2 750W
Mouse XTRFY M42
Keyboard Lenovo Thinkpad Trackpoint II
Software W10 x64
So we can finally have reasonably priced cards at good availability again. At long last.

No we cannot because AMD stopped playing.

The Confessions were encouraging miners, which us gamers would see it as encouraging the price hikes, and the off chance that others might jump on-board due to the articles which won't make it any better.
I forgot what was said when someone was arguing about mining and directed it at R-T-B and R-T-B shrugs it off as priding himself for that, struck a new low for that guy.

Its also a new low for you to place any kind of blame for an 'increase' in mining popularity on @R-T-B . And not link him in the process either, seems like bad form too. This man is one forum user who is not afraid to voice his view on things, AND be candid about a change in perspective on the matter. That takes courage and much bigger balls than what you're doing here. In fact people should take his Confessions as an example to follow when it comes to that. And if you took part in those topics and discussed with him what he wrote, he was always ready to answer and actually discuss things. Kind of, you know, the whole reason a forum exists.
 
Last edited:
Joined
Jul 16, 2014
Messages
8,115 (2.29/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
No we cannot because AMD stopped playing.
AMD >
 
Joined
Sep 17, 2014
Messages
20,782 (5.97/day)
Location
The Washing Machine
Processor i7 8700k 4.6Ghz @ 1.24V
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) ASRock RX7900XT Phantom Gaming
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Gigabyte G34QWC (3440x1440)
Case Fractal Design Define R5
Audio Device(s) Harman Kardon AVR137 + 2.1
Power Supply EVGA Supernova G2 750W
Mouse XTRFY M42
Keyboard Lenovo Thinkpad Trackpoint II
Software W10 x64
I had the courage to voice my opinion, and bigger balls as well.

Voicing an opinion doesn't take courage on the internet. Saying that you were wrong however, does.

'and bigger balls as well'... dude you're pathetic.
 
Joined
Jul 16, 2014
Messages
8,115 (2.29/day)
Location
SE Michigan
System Name Dumbass
Processor AMD Ryzen 7800X3D
Motherboard ASUS TUF gaming B650
Cooling Artic Liquid Freezer 2 - 420mm
Memory G.Skill Sniper 32gb DDR5 6000
Video Card(s) GreenTeam 4070 ti super 16gb
Storage Samsung EVO 500gb & 1Tb, 2tb HDD, 500gb WD Black
Display(s) 1x Nixeus NX_EDG27, 2x Dell S2440L (16:9)
Case Phanteks Enthoo Primo w/8 140mm SP Fans
Audio Device(s) onboard (realtek?) - SPKRS:Logitech Z623 200w 2.1
Power Supply Corsair HX1000i
Mouse Steeseries Esports Wireless
Keyboard Corsair K100
Software windows 10 H
Benchmark Scores https://i.imgur.com/aoz3vWY.jpg?2
Voicing an opinion doesn't take courage on the internet. Saying that you were wrong however, does.

'and bigger balls as well'... dude you're pathetic.
hey now, I have huge huge stainless steel balls that hang rather nicely, so I'm told. But I could be wrong here.
 
Joined
Sep 17, 2014
Messages
20,782 (5.97/day)
Location
The Washing Machine
Processor i7 8700k 4.6Ghz @ 1.24V
Motherboard AsRock Fatal1ty K6 Z370
Cooling beQuiet! Dark Rock Pro 3
Memory 16GB Corsair Vengeance LPX 3200/C16
Video Card(s) ASRock RX7900XT Phantom Gaming
Storage Samsung 850 EVO 1TB + Samsung 830 256GB + Crucial BX100 250GB + Toshiba 1TB HDD
Display(s) Gigabyte G34QWC (3440x1440)
Case Fractal Design Define R5
Audio Device(s) Harman Kardon AVR137 + 2.1
Power Supply EVGA Supernova G2 750W
Mouse XTRFY M42
Keyboard Lenovo Thinkpad Trackpoint II
Software W10 x64
hey now, I have huge huge stainless steel balls that hang rather nicely, so I'm told. But I could be wrong here.

Stainless steel though. That's nice. Need bubble gum?
 
Joined
Dec 18, 2005
Messages
8,253 (1.24/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
yep the days of gpu mining do seem to be dead.. whether it stays this way is yet to be seen.. :)

trog
 

qubit

Overclocked quantum bit
Joined
Dec 6, 2007
Messages
17,866 (3.00/day)
Location
Quantum Well UK
System Name Quantumville™
Processor Intel Core i7-2700K @ 4GHz
Motherboard Asus P8Z68-V PRO/GEN3
Cooling Noctua NH-D14
Memory 16GB (2 x 8GB Corsair Vengeance Black DDR3 PC3-12800 C9 1600MHz)
Video Card(s) MSI RTX 2080 SUPER Gaming X Trio
Storage Samsung 850 Pro 256GB | WD Black 4TB | WD Blue 6TB
Display(s) ASUS ROG Strix XG27UQR (4K, 144Hz, G-SYNC compatible) | Asus MG28UQ (4K, 60Hz, FreeSync compatible)
Case Cooler Master HAF 922
Audio Device(s) Creative Sound Blaster X-Fi Fatal1ty PCIe
Power Supply Corsair AX1600i
Mouse Microsoft Intellimouse Pro - Black Shadow
Keyboard Yes
Software Windows 10 Pro 64-bit
No we cannot because AMD stopped playing.
Yeah, I know, but at least we won't get mining price inflation on top of NVIDIA's reassuringly expensive pricing. I can just see the very top "RTX 2080 Ti" topping a grand otherwise. Totally unaffordable and ridiculous.

I remember paying £400 for my GTX 580 back in 2011 and thinking how expensive that was. More than double that for today's equivalent would be totally unaffordable for me.
 
Joined
Aug 20, 2007
Messages
20,714 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
As if that wasn't the case since the very beginning with every other coin. :roll:

It actually isn't. Ethereum fees are much higher than most coins, excluding one (bitcoin).

Let me guess. They will invent another crypto coin, make it inflate to ridiculous levels, blow the bubble until it burtsts, then repeat with another currency.... And so on...

That's not how it works, really. They are all tied to bitcoin which is tied to the dollar, honestly.

Yeah, what happened to that series? Funny that it suddenly became so absent... :rolleyes:

I still mined until about last night. Shut down then and only then due to heat largely. I still invest. I don't post that article series anymore frankly because I got sick of defending my position. I don't post material just to irritate people. I actually like to educate and it wasn't going that way. I may bring it back in some form at some point. I still owe w1zzard an article or two.

I forgot what was said when someone was arguing about mining and directed it at R-T-B and R-T-B shrugs it off as priding himself for that, struck a new low for that guy.

I'd really like it if you could quote things rather than just passing them off as "I forgot but think you did this." Personally I got the message when people started downvoting everything crypto related, but meh. You don't like that I mine. It's a tech choice, get over it. You game and that burns energy too and I enjoy mining almost as much as my other computational workloads.

Yeah, I was proud to try to teach people a thing or two about something they may not understand. Horrible, ain't it? Don't worry, next time I'll flavor it some way so you don't know what your reading until it's too late. :p

at these self inflated levels and prices - because if there were market principles supply/demand - then how can suddenly there be 0 or even a negative need for this network infrastructure ?)

There isn't. I know this will blow your mind, but people are still mining even now, at a loss. People will always be mining. Less maybe sure, but the network adapts. The code adapts it's issueance rate based on hashrate. That's part of it's beauty. I should be to keep my ethics act together, but this summer is too frickin' hot. Maybe in the winter.
 
Last edited:
Joined
Feb 12, 2015
Messages
1,104 (0.33/day)
They'll just make up some new stupid crypto currency and everything starts from zero again. Not thrilled at all... But I sure hope this means a death of this nonsense all together, hopefully...

LOL. "Hope this means the death of the future of currency."

Yeah I am sure that Yahoo hack will be the death of the internet too...
 
Joined
Mar 11, 2009
Messages
1,777 (0.32/day)
Location
Little Rock, AR
System Name Gamer
Processor AMD Ryzen 3700x
Motherboard AsRock B550 Phantom Gaming ITX/AX
Memory 32GB
Video Card(s) ASRock Radeon RX 6800 XT Phantom Gaming D
Case Phanteks Eclipse P200A D-RGB
Power Supply 800w CM
Mouse Corsair M65 Pro
Software Windows 10 Pro
Where are the '"confessions of a miner" when you need them ?

Right here. Made a bunch of money. 10/10, no regrets. Hope it comes back up, and if it does I'll mine some more. And I'll laugh at your tears.

Also:

"Buy when there's blood in the streets" said the patriarch of the most successful family in human history.

Maybe if people took advice from them instead of taking advice from losers and then crying, they wouldn't have so much to cry about.

Me?... I don't mine because it's losing money at the moment... but I'm still buying... and then I'll sell. And then.. I'll buy... Guess what comes next?
 
Top