Ethereum GPU mining?

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metalliax

Member
Jan 20, 2014
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Has anyone here looked into mining Ethereum via GPU? It seems to be picking up steam these past 8 weeks ($1/coin to almost $6/coin today). The network hashrate has not followed the same uplift and current mining rate on an R9 280x would net more than $100/month in coins. I know mining cryptocurrency saw it's bust 1.5 years ago... but this one doesn't seem to be mineable by anything other than GPUs at the moment. It seems best suited to AMD GPUs, although NVIDIA looks to be profitable also(60% as good).

Perhaps mining Etereum is a good way to make some coin (if you have cheap power) and save up for a 2016 16/14nm GPU?


Site: https://www.ethereum.org/
Mining Guide: https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
Mining Calc: http://badmofo.github.io/ethereum-mining-calculator/
 
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Blue_Max

Blue_Max

Diamond Member
Jul 7, 2011
4,227
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If this is the case I'm not going to sit and wait like I did with bitcoins...
 
G

grimpr

Golden Member
Aug 21, 2007
1,095
7
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Running at 20 million hashes per second on my R9 380. This will pay for a Polaris.
 
R

R0H1T

Platinum Member
Jan 12, 2013
2,582
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grimpr said:
Running at 20 million hashes per second on my R9 380. This will pay for a Polaris.
Click to expand...
Polaris will likely be a monster at mining this, hope miners (& them thieving conniving retailers) don't push the prices of Arctic Islands through the roof again :D
 
S

SimianR

Senior member
Mar 10, 2011
609
16
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metalliax said:
Has anyone here looked into mining Ethereum via GPU? It seems to be picking up steam these past 8 weeks ($1/coin to almost $6/coin today). The network hashrate has not followed the same uplift and current mining rate on an R9 280x would net more than $100/month in coins. I know mining cryptocurrency saw it's bust 1.5 years ago... but this one doesn't seem to be mineable by anything other than GPUs at the moment. It seems best suited to AMD GPUs, although NVIDIA looks to be profitable also(60% as good).

Perhaps mining Etereum is a good way to make some coin (if you have cheap power) and save up for a 2016 16/14nm GPU?


Site: https://www.ethereum.org/
Mining Guide: https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
Mining Calc: http://badmofo.github.io/ethereum-mining-calculator/
Click to expand...

I followed a mining guide a week or two ago, and after mining for a day discovered that I was mining on a "private node" and effectively wasn't mining anything (pretty sure I started mining before the blockchain was properly sync'd). Gonna try to get it going again following this guide. Any decent pools out there?

Also wondering if this price keeps up for awhile, if this is going to cause another spike in AMD GPU demand like the the bitcoin/litecoin mining craze in 2013.
 
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wege12

wege12

Senior member
May 11, 2015
291
33
91
I can't seem to get the blockchain to download through command prompt. Any idea what the issue might be or an alternative blockchain download source?
 
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Shmee

Shmee

Memory & Storage, Graphics Cards Mod Elite Member
Super Moderator
Sep 13, 2008
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I have noticed that Ethereum has gone way up in value and market cap recently. May have to get in on it. Good news also is I noticed that x13 Boostcoin has gone up in value, and I was still holding onto them :D
 
Shmee

Shmee

Memory & Storage, Graphics Cards Mod Elite Member
Super Moderator
Sep 13, 2008
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Currently trying Eth.pp.ua
 
C

Crono

Lifer
Aug 8, 2001
23,720
1,501
136
Been mining for a few months (since shortly after Frontier release) and following Ethereum's progress since Vitalik Buterin et al announced it (2014/2015). I bought some Ether in the presale but I forgot to download the wallet and couldn't recover it. :( Luckily it was only about $40 in Ether (but it would be over $200 now).

Currently mining at about 12 MH/s on a HD 7870 and 8 MH/s on a GTX 970. Probably possible to squeeze more performance out of both with some tweaking of the mining settings and the core/memory clocks of the cards, but I haven't bothered since I first set them up. Been using Ethereumpool.com for a while for pooled mining without issue.

The smart contracts system of Ethereum intrigues me, not just the mining aspect... which will end, by the way, once Ethereum switches over from Proof-of-Work to Proof-of-Stake (with Serenity phase, if I'm not mistaken) in a few months. There are a lot of upcoming cool uses for and apps built on Ethereum, including Augur (a predictions market), election transparency, IoT devices, and ledgers for big banks. Ethereum *should* scale better than Bitcoin, as well, and I think in testing and currently it handles more transactions per second than Bitcoin, though there will probably need to be increases in block size and other changes in the future the Ethereum network grows a lot more.

Ethereum is a bit complicated to understand at first with all the terms like gas, uncles, and different units and stages - even for someone familiar with other cryptocurrencies and the basics of how a/the blockchain works - so I'm still learning about it all. I don't know much in the way of programming or I'd be tempted to create an Ethereum-based app. I should learn to code...
 
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wege12

wege12

Senior member
May 11, 2015
291
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91
Hey guys,

I want to start mining Ethereum on my PC so I looked for a guide to get started. I found two:
1. https://forum.ethereum.org/discussion/2860/quick-set-up-guide-for-gpu-mining-on-windows-10/p1
2. https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

However, I am unable to get everything working correctly. Whenever I try to install Ethereum.exe, it will finish installing but is nowhere to be found on my PC. When I try the seconds guide's method and download the blockchain through command prompt, I can't get it to actually start downloading anything.

Does anyone have any idea what may be causing my issues?

Thank you!
 
C

Crono

Lifer
Aug 8, 2001
23,720
1,501
136
wege12 said:
Hey guys,

I want to start mining Ethereum on my PC so I looked for a guide to get started. I found two:
1. https://forum.ethereum.org/discussion/2860/quick-set-up-guide-for-gpu-mining-on-windows-10/p1
2. https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

However, I am unable to get everything working correctly. Whenever I try to install Ethereum.exe, it will finish installing but is nowhere to be found on my PC. When I try the seconds guide's method and download the blockchain through command prompt, I can't get it to actually start downloading anything.

Does anyone have any idea what may be causing my issues?

Thank you!
Click to expand...

Try getting the Mist wallet (a GUI version of the Ethereum wallet) and to mine follow the instructions on a pool miner website like Ethereumpool.co . It should be easier to set up that way.
 
Last edited:
NTMBK

NTMBK

Lifer
Nov 14, 2011
10,232
5,013
136
Oh good, another crypto bubble to encourage energy consumption and kill our planet even quicker.
 
C

Crono

Lifer
Aug 8, 2001
23,720
1,501
136
NTMBK said:
Oh good, another crypto bubble to encourage energy consumption and kill our planet even quicker.
Click to expand...

At least only for a few months. After that when it's PoS no one is going to be mining it or using more power to run the wallet than they would be to browse the internet. The difficulty might make it impractical to mine (for most users) even before then.
 
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Despoiler

Despoiler

Golden Member
Nov 10, 2007
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M

metalliax

Member
Jan 20, 2014
119
2
81
Sample instruction if using eth.nanopool.org
Code: 
1. Download & Install Ethereum-win64-latest.exe from
   [url]https://build.ethdev.com/builds/Windows%20C%2B%2B%20develop%20branch/[/url]
2. Download & Install mist wallet from
   [url]https://github.com/ethereum/mist/releases/download/0.3.9/Ethereum-Wallet-win64-0-3-9.zip[/url]
3. Create a wallet in Mist and copy the address (long string starting with 0x)
4. Open a command prompt with administrator privileges
5. cd "c:\Program Files\Ethereum 0.9.41\Release"
6. run following, replacing [B]address [/B]with your hexidecimal address from mist.
   ethminer.exe -F [url]http://eth1.nanopool.org:8888/address/miner1[/url] -G

You can then see your status at http://eth.nanopool.org by typing in your address into the search box.
 
Shmee

Shmee

Memory & Storage, Graphics Cards Mod Elite Member
Super Moderator
Sep 13, 2008
7,400
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146
I seem to be getting about 50 MH/s from my 2 290s.
 
M

Madpacket

Platinum Member
Nov 15, 2005
2,068
326
126
Hmm, shouldn't have opened this thread.

TIME TO FIRE UP THE FURYS!

Any good exchanges to to transfer Etherium to BTC?
 
C

Crono

Lifer
Aug 8, 2001
23,720
1,501
136
Bittrex has been my favorite since Cryptsy got into some trouble, but I've used a bunch of others as well.
 
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