AMD destroys Nvidia at Bitcoin mining, can the gap ever be bridged?

[MrK6]

Do you even know what a FPGA board is? You can get boards like that for almost 1/10 of the price directly from China. All you need is your own program for the mining which is easy to create on your own if you have a little skills, or even get a hold of. I`ve seen big stacks of FPGA boards connected to each other, running with over 20GH/s, for just over $2000. Power consumption very low. Compare that to GPUs. You need over 30 x 7970s to even reach that hash rate, then you have to deal with the heat and the electricity bill from the very unefficient GPUs.
That german company you mention is just milking the whole spectacle about Bitcoin.

Oh please spare me with your nonsense. You can`t compare Butterfly Labs and Avalon. Butterfly is known to be scammers, Avalon have shipped devices out to customers already. People have sold Avalon on Ebay several times already. They exist.

I`m also saying that GPU mining on AMD GPUs are dead. When you make almost $500 a month on 4 * 7970s running 24/7 for an entire month, but have to deduct over $100 for electricity because they are so unefficient and draw so much power, its pathetic.
Under $400/month on them running 24/7, having to deal with heat and noise, can`t use them for anything else than mining, is an epic fail. Unless you live in your parents house in your little room. Then I guess the $100/week is a nice addition to the weekly allowance from your parents.

The rest of us just shakes our heads whenever the sheeps start talking that their AMD GPUs make them so much money. LOL

But you haven't done any of this that you're describing, and are just reiterating any shred of information you can find while you furiously google in your rage. All you've done is come on here to insult and throw up inane argument after inane argument to try to detract from the successes of others. Honestly, it's painfully obvious you're just throwing a tantrum because AMD cards excel in an arena where nvidia's do not, and it's pathetic. What's even better is that your last card in the deck is how you're all independently wealthy and don't need any free money, despite the fact that you don't have a decent rig and just spend your life trolling forums for nvidia, a company that couldn't care less about you. Let's be honest, that basement dweller who lives with his parents that you just described is you, and even your posters of JHH can't console you. :awe:

 

[BallaTheFeared]

All you have to do is venture to a real bitcoin forum to see the polar opposite of what the AMD loyalist are trying to convey.

GPU mining is nearly dead, but not dead, just nearly worthless as it is. But around here if you could make a cent a day it would hold incredible value, because after 10,000 days that's 10,000 cents you couldn't get with NVidia :thumbsup:

Litecoins are worth carrying the discussion, bitcoins however are not.

 

[blastingcap]

Nv sucks for litecoin mining too, end of story, end of thread. Any further discussion about bitcoins ought to be in the bitcoin thread, not this one, which is about AMD vs NV GPUs. This thread should be DEAD by now, there is no contest: AMD kicks NV's butt for mining btc/ltc. As for whether GPU mining vs ASIC is worth it I think it belongs in the bitcoin thread, not this one.

Its ok, I make a ton more money on real work than what these guys make on their pathetic little mining rigs anyways. I use my machines to game, not to sit there and use electricity in a very unefficient way.

Why are you bumping a thread that makes your favorite GPU company look bad and is 100% NOT ARGUABLE, AMD beats NV in GPU mining end of story, full stop, arguing just makes you look petty. NV fanboys should not even try to argue in this thread, just go away. Do you see Keysplayer on here trying to argue an unwinnable argument? No. Follow his lead. If you want to argue the merits of bitcoin itself then there is already a bitcoin thread on here.

 

[Cloudfire777]

All you have to do is venture to a real bitcoin forum to see the polar opposite of what the AMD loyalist are trying to convey.

GPU mining is nearly dead, but not dead, just nearly worthless as it is. But around here if you could make a cent a day it would hold incredible value, because after 10,000 days that's 10,000 cents you couldn't get with NVidia :thumbsup:

Litecoins are worth carrying the discussion, bitcoins however are not.

Its ok, I make a ton more money on real work than what these guys make on their pathetic little mining rigs anyways. I use my machines to game, not to sit there and use electricity in a very unefficient way.

LOL @ all you AMD cheerleaders who think you can fool people to think that you`re getting rich on GPU mining. This thread was based on an article that came almost a year too late. But nice try. The only thing AMD succeeds in is making horrible stuttering drivers, and mediocre GPU/CPUs. Their financial results speak for itself. Everything they do is a fail. But atleast they have their cheerleaders around in forums coming to "rescue" them.

Why are you bumping a thread that makes your favorite GPU company look bad and is 100% NOT ARGUABLE, AMD beats NV in GPU mining end of story, full stop, arguing just makes you look petty. NV fanboys should not even try to argue in this thread, just go away.

Have I ever said that Nvidia DIDN`T suck at bitmining? Please find that post.
I said that GPU mining now is unefficient and dead. That goes for AMD, Nvidia or Intel. I wouldn`t even try to make a mining rig with Nvidia GPUs. Perhaps you could squeeze out $100 a month on a Quad GPU setup. Just barely

 

[SPBHM]

what about the NV cards with better cuda/opencl drivers (quadro, tesla or whatever)?

I know it's not a viable option, but does it offer any significant improvement over the geforces for bitcoin mining?

 

[MrK6]

Its ok, I make a ton more money on real work than what these guys make on their pathetic little mining rigs anyways. I use my machines to game, not to sit there and use electricity in a very unefficient way.

If you're so wealthy, why would the electricity usage matter? Some of us here are very wealthy and aware of that, but still mine because it's a great geeky project. Ever heard the phrase "If you buy a luxury car, you shouldn't have to ask about the MPG?" Obviously you haven't, which is why it's a dead give away that you aren't anywhere near as wealthy as you'd like the forum to believe.

LOL @ all you AMD cheerleaders who think you can fool people to think that you`re getting rich on GPU mining. This thread was based on an article that came almost a year too late. But nice try. The only thing AMD succeeds in is making horrible stuttering drivers, and mediocre GPU/CPUs. Their financial results speak for itself. Everything they do is a fail. But atleast they have their cheerleaders around in forums coming to "rescue" them. I welcome the day AMD dies

Exactly, this isn't about bitcoin, litecoin, or any type of mining. This about you being upset that AMD excels in an arena that nvidia does not. Go throw a temper tantrum elsewhere.

 

[blastingcap]

what about the NV cards with better cuda/opencl drivers (quadro, tesla or whatever)?

I know it's not a viable option, but does it offer any significant improvement over the geforces for bitcoin mining?

All NV GPUs suck compared to AMD GPUs for mining. It's down to the fundamental architecture of the GPUs. There is ZERO room in this thread to argue otherwise. NV can't compete in any type of coin mining that has any value AFAIK. This "article" is simply stating the obvious. If you want to mine coins w/ GPUs, AMD is the only way to go.

It's true that GPU mining profitability is enjoying a resurgence, but it will be short-lived, because specialized miner equipment (ASICs) have shipped and will continue to ship and are 10-20x more efficient than GPUs at scrounging up those 3600 coins that get mined every day. The size of the pie remains constant (3600 coins/day for the next 3.5 years, after which it will be 1800 coins/day and continue to fall in half every four years) but ASICs are incredibly efficient at getting pie, and GPUs nowhere near as efficient. Thus GPU mining profitability will likely continue to dwindle unless bitcoins rise in price to offset that, but if it does, it won't be because of mining difficulty. Bitcoin price is set by supply vs demand and about 11 million bitcoins already exist. So the supply is pretty much fixed in the short term because every day only 3600 more coins are produced, and 3600 is a drop in the bucket compared to 11 million. We've been over this a million times already in the bitcoin thread and at bitcointalk.org: bitcoin price influences mining rates, NOT the other way around!!! If bitcoin dropped to $1 tomorrow, that would drag down mining rates. If mining rates doubled tomorrow, that would not double bitcoin prices.

But that's not really the point of the article in OP, which is that NV GPUs suck in mining, and that fact won't be changing anytime soon because it's baked into the NV GPU architecture, and even if NV tried to change their arch today, by the time they did, GPU mining wouldn't be profitable for anyone anyway as ASICs and FPGAs would rule the roost. There is no argument. This is old news. The only people raising a fuss are fanboys who do not know the meaning of "choosing one's battles." If you want to argue about bitcoins there is already a thread for that, but there should be zero disagreement about AMD > NV GPUs for mining. The gap can't be bridged in time. Moving on....

 

[Cloudfire777]

If you're so wealthy, why would the electricity usage matter? Some of us here are very wealthy and aware of that, but still mine because it's a great geeky project. Ever heard the phrase "If you buy a luxury car, you shouldn't have to ask about the MPG?" Obviously you haven't, which is why it's a dead give away that you aren't anywhere near as wealthy as you'd like the forum to believe.

Right so you admit its not about the money? Its a "geeky project". If it was about the money you wouldn`t have mined with a GPU right now. Thats what I`ve been trying to say for a while now.

If you were wealthy you would have bought an ASIC to help you with your "geeky project" too. Its not "geeky" to mine with a mediocre GPU that barely can do any hashes. I could have used car analogy here on you to try to act superior too, but I won`t go down to your level.

Good job there buddy :biggrin:

 

[chimaxi83]

Right so you admit its not about the money? Its a "geeky project". If it was about the money you wouldn`t have mined with a GPU right now. Thats what I`ve been trying to say for a while now.

If you were wealthy you would have bought an ASIC to help you with your "geeky project" too. Its not "geeky" to mine with a mediocre GPU that barely can do any hashes.

Good job there buddy :biggrin:

So you're just repeatedly confirming that you're mad, right bro? Cry more.

 

[AnandThenMan]

But he doesn't care if people mine or not.

 

[Cloudfire777]

I don`t. I react when people try to spread around false rumors that you get rich on Bitmining with GPUs.

 

[blastingcap]

I don`t. I react when people try to spread around false rumors that you get rich on Bitmining with GPUs.

Some did get rich, particularly the really old-school miners when difficulty was trivial compared to today. It's like buying Google stock early. Yes it's a lot harder to get rich off Google stock today, and similarly, GPU mining profits are coming to an end with the rise of ASICs, but that doesn't change OP's article's truth that AMD > NV for GPU-based mining. And even if NV changed their arch today, by the time it rolled out, ASICs would have taken over anyway so no the gap can't be bridged in time. At this point you are just trolling and flaming and denigrating others with off-topic posts. If you want to discuss BTC difficulty and stuff there is a thread for that already. I'm beginning to wonder if you are a AMD shill in disguise, trying to make NV fanboys look like petty morons or something, especially when you wish AMD dead. No consumer wants that--competition drives the market forward and results in lower prices for consumers. On the other hand, I welcome the day you get banned from here.

 

[AnandThenMan]

I don`t. I react when people try to spread around false rumors that you get rich on Bitmining with GPUs.

Bah I`m out. I don't feel like repeating myself over and over again.

Then don't, we get it loud and clear you hate AMD and would celebrate if they were no longer around.

I welcome the day AMD dies

 

[Cloudfire777]

The headline of the article. They should have asked that a almost a year ago when GPUs was in the heat. That would have left room to speculate if Nvidia could make software to make the GPUs more efficient at Bitmining. Today its a useless article since there won`t be a gap there anymore soon. There won`t even be any serious miners with GPUs.

AMD destroys Nvidia at Bitcoin mining, can the gap ever be bridged?

The article today should have said. That would have been relevant and interesting.

ASICs destroys AMD at Bitcoin mining, can the gap ever be bridged?

 

[Fox5]

http://www.tomshardware.com/reviews/geforce-gtx-titan-performance-review,3442-10.html

Not just bitcoins, it looks like AMD destroys nvidia in compute almost across the board.

 

[UaVaj]

I don't care what any of these sources say. I continue to make money mining, sorry that makes you so butthurt. I'm making money right now.

i am not knocking neither anandtheman or cloudfire777.



just a little reality check.

like all profits in the market.

until you actualy sell those bitcoin and have bank backed currency in your bank account from that sale.

all you got is paper profit. (tell that to the folks who house's were worth $$$$$$ before the real estate burst)

 

[Cloudfire777]

Here is whats interesting:
http://www.youtube.com/watch?v=_6mmTRheUzg

That little box can do 5.5Gh/s @30W.

You need 9 * 7970 to do reach the same hashrate. Drawing 1450W...

RIP GPUs, RIP.

 

[AnandThenMan]

until you actualy sell those bitcoin and have real american dollars is in your bank account from that sale.

all you got is paper profit. (tell that to the folks who house's were worth $$$$$$ before the real estate burst)

I have hardware I'm using right now that was paid for from mining. And why does it have to be American dollars?

 

[UaVaj]

I have hardware I'm using right now that was paid for from mining. And why does it have to be American dollars?

it does not have to be american dollar. just a figure of speech. as long as it is any bank backed currency.

anyway - until you actually cash out - it does not count.

good for you u already cash out some and still mining.

 

[Gikaseixas]

http://www.tomshardware.com/reviews/geforce-gtx-titan-performance-review,3442-10.html

Not just bitcoins, it looks like AMD destroys nvidia in compute almost across the board.

The 7970 does looks mighty there. Monster card all around indeed.

 

[Keysplayr]

Here is whats interesting:
http://www.youtube.com/watch?v=_6mmTRheUzg

That little box can do 5.5Gh/s @30W.

You need 9 * 7970 to do reach the same hashrate. Drawing 1450W...

RIP GPUs, RIP.

In the comments on that video, somebody states that by his math, at 5.5 GH/s that would generate about 1 dollar every 30 minutes. Is this accurate? I have no idea. So 48 bucks per day. 336 bucks per week. 1344 bucks per month at 24x7 operation. Subtract the power usage cost for 30W at full load.
What do you end up with? Also deduct 275 bucks for the 5GH/z cube.

 

[Sohaltang]

Would would any company sell a money making machine? If its not a massive pyramid scheme then they would runthem in house as fast as they could make them.

 

[Headfoot]

Dude, you just quoted wikipedia.

Sorry, BTC, as fun as it is, is not a real currency and never will be. It's value is completely arbitrary and is backed by other currencies. It's like trying to use stocks as a currency except stocks at least have a company's profit to back it up. There's a reason why BTC is traded for a USD amount, it's entire value is based on what people are willing to pay into it.

The amount of deregulation involved means it's unstable by nature. It's a decent way to move modest amounts of money under the radar but you won't see a majority of people investing their life savings in it.

Deregulation has nothing to do with its instability. The fact that it is not widely used and the main USD-BTC exchanges have been hacked on a few occasions greatly affect its perceived value and stability and thus it's actual value given that it is still a speculative currency.

 

[Headfoot]

Would would any company sell a money making machine? If its not a massive pyramid scheme then they would runthem in house as fast as they could make them.

There's plenty of business reasons. For one, providing the equipment to do the speculative task of Bitcoin mining and selling is much more stable and predictable than is actually mining and selling. Second, if you are a chip-designer (IE someone who could and did make an ASIC) that does not mean you are a good market speculator. Those are entirely different skillsets. I would venture that most excellent electrical engineers and computer scientists are not also excellent market watchers, though I'm sure there are some. There are plenty of other reasons. Basically, your blanket logic is full of holes.

 

[Sohaltang]

There's plenty of business reasons. For one, providing the equipment to do the speculative task of Bitcoin mining and selling is much more stable and predictable than is actually mining and selling. Second, if you are a chip-designer (IE someone who could and did make an ASIC) that does not mean you are a good market speculator. Those are entirely different skillsets. I would venture that most excellent electrical engineers and computer scientists are not also excellent market watchers, though I'm sure there are some. There are plenty of other reasons. Basically, your blanket logic is full of holes.

The only reason they can sell them is if they are profitable. Once the unit is no longer profitable then they will no longer sell. They are indeed speculating and tied to the exact same market. These machines don't have any other purpose.