Cryptocoin Mining?

[Silverforce11]

If you invest you have to stick with it long term, short term volatility is a poor judgement on profitability. Same with those who mined LTC in the early days, they would be swimming in $$ now if they kept their coins.

 

[007ELmO]

how long is long term

 

[Z15CAM]

Silver - I understand you mine with a stack of 7950's under the belt.

Don't get me wrong if I an willing to spend more to Hash more from what I gather from you, plus your mining experience.

Gratefully appreciated.

 

[nwo]

how long is long term

Depends on how much you want to profit as well as your patience. I plan to wait least 6 months to a year to cash out, depending on how things go. If prices keep climbing every quarter, I don't intend to cash out for a while unless I get desperate for $$$.

 

[007ELmO]

any estimation on funds on a 6 month wait cash out

 

[nwo]

any estimation on funds on a 6 month wait cash out

If anyone had a definite figure, it wouldn't be fair to the rest of us nor would it make the market stable. Uncertainty and risk make the (economic) world go round.

 

[007ELmO]

true but there has to be a range, $100 to $1000 to $10000 to 1 million

 

[geokilla]

You can also do a trick, once both intel iGPU drivers and catalyst is installed, go to the MB bios, set primary graphics adapter to onboard, boot to windows WITH your monitor hooked to the R290, you will see a blackscreen til windows is loaded, then it shows up fine. Go to catalyst overdrive, set fan speed cap up high, apply. Then pull out the monitor cable plug from the R290, and put it into the onboard plug. Takes a few seconds, but the intel iGPU gets going, and becomes the main display driver. This way you can mine with 2 x R290 going full speed, intensity 18-19, and have a very responsive system. It also ramps up the fan to whatever you set it to keep temps low or prevents throttling.

Do you need any special drivers? Or just the Intel VGA and AMD Catalyst drivers will do? What if I want to game? Just stop mining and plug the HDMI cable back into my 7950? Would it kill the cable and port if I unplug and plug it in so much?

Edit: Just tried this trick... Tons of driver crashes when I try to do when I connect my monitor to the 7950. None of the temperature reading software works either.

 

[ultimatebob]

Now that Radeon 280's and 290's are so expensive, would it just be cheaper to buy 2 270X models for mining instead?

 

[Blue_Max]

Now that Radeon 280's and 290's are so expensive, would it just be cheaper to buy 2 270X models for mining instead?

Good question... heck, I have a lead on very cheap 7790's! Tempting to CF two in my game machine, one in each of my spare Dell Core2Quads and just let 'em mine or fold...

 

[nwo]

true but there has to be a range, $100 to $1000 to $10000 to 1 million

$100 to $500 is a good bet for a 6 month LTC forecast and that is what I am counting on.

Good question... heck, I have a lead on very cheap 7790's! Tempting to CF two in my game machine, one in each of my spare Dell Core2Quads and just let 'em mine or fold...

I was hoping to do the same. But, I was getting lower than expected hashrate results with my 7790s. Unless you can get them for 50 bucks each in which case I'd say definitely go for it.

Now that Radeon 280's and 290's are so expensive, would it just be cheaper to buy 2 270X models for mining instead?

270x is basically slightly beefed up 7870. You can still get three 7870s for less than the price of a single 290. You can expect a lot higher hashrates from the three 7870s than a single 290x. Heck, even two 7870s can do 800kH/s (which is 290 range) with the right tools at your disposal, but it will take some time to get there. However, 290s take up only 1 slot whereas 7870s will take up 3.

If you have the slots and power for two 270x cards, I would say that is the way to go. But if you want the most out of your PCI-e slots and more power efficiency, go with a single 290 or 290x.

 

[007ELmO]

Thanks!

 

[Silverforce11]

Do you need any special drivers? Or just the Intel VGA and AMD Catalyst drivers will do? What if I want to game? Just stop mining and plug the HDMI cable back into my 7950? Would it kill the cable and port if I unplug and plug it in so much?

Edit: Just tried this trick... Tons of driver crashes when I try to do when I connect my monitor to the 7950. None of the temperature reading software works either.

This is how I got it to work for my R290s.

Make sure to remove all traces of prior drivers before going ahead, if theres left over remnants of catalyst or intel it will cause a crash. Get some driver removal apps, boot into windows safe mode and clear them both out.

1. First, I set the onboard as primary, then I go and install the intel drivers, reboot into windows again to make sure it works.

2. Reboot, go to bios, set PCI graphisc as primary, plug hdmi cable into the top R290, boot into windows, install the latest catalyst drivers. Go to overdrive, disable crossfire, set a desired fan speed or temp target.

3. Reboot, go to bios, set onboard as primary, boot into windows with HDMI cable in a R290 (I have VGA cable for onboard and HDMI for R290), once in windows (you will have no signal until windows is fully loaded), put the VGA plug into the onboard, pull out HDMI plug, monitor will black and reset for a few seconds then it picks up signal from the onboard and works fine. There's no monitoring of temps even when it works, but the fan ramps up as normal, overdrive is still in effect.

Thats how I use the PC while both R290s are mining maxed out. If I want to game, turn off the main card mining, pull out VGA cable, plug in HDMI into the main R290 and catalyst comes back into effect with proper monitoring and games will play just fine, with the 2nd R290 still mining full blast. 🙂

Edit: If i need to reboot the system or a clean start, i use the HDMI cable in a R290 to boot into windows, before switching it to the onboard VGA. You need to boot in windows with the R290 active so catalyst can apply overdrive settings properly.

 

[rtsurfer]

This is how I got it to work for my R290s.

Hey could please tell me how much KHa/s you get with a single R9 290.

I am trying to find out how many KHa\s people are getting with these three card

1)290X
2)290
3)280X

To get a perspective into what I should buy.

Mainly,I want to know 290 vs 290X.

 

[nwo]

I am trying to find out how many KHa\s people are getting with these three card

1)290X
2)290
3)280X

To get a perspective into what I should buy.

Mainly I want to know 290 vs 290X.

Here you go:
https://litecoin.info/Mining_hardware_comparison#Laptop_.2F_Mobile_.2F_Integrated

290 is definitely a better deal than a 290x at the current prices. Actually it's 280x>290>290x in terms of getting the most out of your buck solely for mining purposes. But good luck finding either one of those two in stock at anywhere near MSRP prices.

 

[suklee]

830Kh/s with a single R9 290, stock speeds & voltage.

-I 20 --lookup-gap 2 --thread-concurrency 32765 --worksize 256 -v 1 --gpu-threads 1

 

[Silverforce11]

Hey could please tell me how much KHa/s you get with a single R9 290.

I am trying to find out how many KHa\s people are getting with these three card

1)290X
2)290
3)280X

To get a perspective into what I should buy.

Mainly,I want to know 290 vs 290X.

I could get it to do ~880kHa/s (bump clocks to 1ghz, powertune +50%) but I don't, because the fan needs to be at >90% for that kind of shenanigans. I leave it at stock clocks, and it does ~826kHa/s each for me with currently 65-70% fan speed. I mind the fanspeed cos I work on my rig while its mining throughout the day. At night, I crank it up.

 

[IEC]

true but there has to be a range, $100 to $1000 to $10000 to 1 million

$0.01-$500.00 with 98% certainty, i.e. no one knows.

You are taking a risk and that part must be understood.

 

[007ELmO]

I do not take risks I typically play it safe, hence I will never be a super rich person

 

[geokilla]

This is how I got it to work for my R290s.

Make sure to remove all traces of prior drivers before going ahead, if theres left over remnants of catalyst or intel it will cause a crash. Get some driver removal apps, boot into windows safe mode and clear them both out.

1. First, I set the onboard as primary, then I go and install the intel drivers, reboot into windows again to make sure it works.

2. Reboot, go to bios, set PCI graphisc as primary, plug hdmi cable into the top R290, boot into windows, install the latest catalyst drivers. Go to overdrive, disable crossfire, set a desired fan speed or temp target.

3. Reboot, go to bios, set onboard as primary, boot into windows with HDMI cable in a R290 (I have VGA cable for onboard and HDMI for R290), once in windows (you will have no signal until windows is fully loaded), put the VGA plug into the onboard, pull out HDMI plug, monitor will black and reset for a few seconds then it picks up signal from the onboard and works fine. There's no monitoring of temps even when it works, but the fan ramps up as normal, overdrive is still in effect.

Thats how I use the PC while both R290s are mining maxed out. If I want to game, turn off the main card mining, pull out VGA cable, plug in HDMI into the main R290 and catalyst comes back into effect with proper monitoring and games will play just fine, with the 2nd R290 still mining full blast. 🙂

Edit: If i need to reboot the system or a clean start, i use the HDMI cable in a R290 to boot into windows, before switching it to the onboard VGA. You need to boot in windows with the R290 active so catalyst can apply overdrive settings properly.

I'll give that a try again later. Right now, I'm facing some driver crashes with the latest AMD drivers. It wasn't happening before... Can you direct me to your GPU driver cleaner software? All the ones I find are outdated or doesn't seem to work.

Edit: Found DDU... Hope it works.

 

[Silverforce11]

$0.01-$500.00 with 98% certainty, i.e. no one knows.

You are taking a risk and that part must be understood.

Exactly. Nobody knows, if someone truly knew it (which isn't possible), they wouldn't tell you.

People thought the ASICs would destroy BTC prices since they would farm so many so fast, but look at what happened.

To really have an rough idea on the price in the future, you have to ask yourself a simple question: "How much volume in terms of $$ do people around the world who desire anonymity want to exchange with each other?" Is it $10B a day of $$ movement? Is it $100 B a day? Because this is partially whats driving BTC prices.

If you as an entity/corporation want to send several $B to somewhere, you need to have in your possession enough BTC coins to cover that value, and then you want massive excess on top of it to perform multiple transactions. How do you get enough coins when demand is so low? You place buy orders with a high price to secure all the sales and so on. Then add in investors on top of this, it becomes impossible to predict.

BUT, there's an undeniable trend over the past few years, given such low supply of coins, its value is only going up longterm.

At its peak of 21M coins (many of which are lost early on, missing wallets and so forth), if BTC is $1,000 USD each, its still only $21B total market cap. This is peanuts for the kind of monetary volume people send moving globally each day.

How about $10,000 USD each? Now we're talking, its $210B market cap... but its still too low. If big movers want to move $1B around, they would need to have ~100,000 coins in their possession for that single transaction. Thats ~0.5% of the total BTC in existence.

See where I am headed? Nobody knows where it will end up. BUT here's the caveat, if BTC becomes even more popular and keeps gaining acceptance as a legitimate global currency, then we're talking BIG TIME. $10,000 each would be a very low estimate.

Edit: Look up some banks, they move ridiculous amounts of $$ around on a daily basis, to give an idea of the volume.

 

[rtsurfer]

Here you go:
https://litecoin.info/Mining_hardware_comparison#Laptop_.2F_Mobile_.2F_Integrated

290 is definitely a better deal than a 290x at the current prices. Actually it's 280x>290>290x in terms of getting the most out of your buck solely for mining purposes. But good luck finding either one of those two in stock at anywhere near MSRP prices.

830Kh/s with a single R9 290, stock speeds & voltage.

-I 20 --lookup-gap 2 --thread-concurrency 32765 --worksize 256 -v 1 --gpu-threads 1

I could get it to do ~880kHa/s (bump clocks to 1ghz, powertune +50%) but I don't, because the fan needs to be at >90% for that kind of shenanigans. I leave it at stock clocks, and it does ~826kHa/s each for me with currently 65-70% fan speed. I mind the fanspeed cos I work on my rig while its mining throughout the day. At night, I crank it up.

Thank you guys for the feedback.

Using your personal numbers and the numbers from the wiki I understand how this game is going.

I understand why people are hoarding the 7950s.

I had plans to get an aftermarket 290 for gaming before all of this started.

I had a budget of around 400$.
Looking at KHa/s of the 7950s i am tempted to get two of those for mining.

But I am not sure. I could extend my budget to 500$ max to get 2 7950s but I am worried that after all of this is over and I am unable to make any significant money out of this.

I'll be stuck with 2 inferior gaming cards. Because of the CF frame issues and also CF not working for all games.


I think I'll stick to my original plan of an aftermarket 290. If i can make some money out of it, then maybe I'll invest in another one.




So last question, how hard do you think it is to make a profit by mining on a single 290...???

 

[Silverforce11]

Thank you guys for the feedback.

So last question, how hard do you think it is to make a profit by mining on a single 290...???

If you do ~820 kH/s with it, you could make yourself ~7 coins in a month (due to difficulty rising) if you start now. At current prices its $35 x 7 = $245 a month, minus electricity depend on where you live, its low like 0.1 USD per kWh then its a tiny bill.

But you have to ask yourself, what do you think the price will be longer term? If you believe it will be much higher (as I do), then we're talking a lot of free GPU upgrades for a long time to come.

 

[lavaheadache]

pushing ~2.4 m/h with my 3 7970's and 5870 and my window is open even though it is about 30f outside =)

 

[rtsurfer]

If you do ~820 kH/s with it, you could make yourself ~7 coins in a month (due to difficulty rising) if you start now. At current prices its $35 x 7 = $245 a month, minus electricity depend on where you live, its low like 0.1 USD per kWh then its a tiny bill.

But you have to ask yourself, what do you think the price will be longer term? If you believe it will be much higher (as I do), then we're talking a lot of free GPU upgrades for a long time to come.

Alright I'll think about it.
The more I think the more those 7950s make sense for mining, not gaming performance.

Thank you very much for giving me hard numbers to think upon.