Ethereum GPU mining?

[Madpacket]

I use Kraken to do my exchanging. I believe it has the highest volume.

https://kraken.com

Thanks.

Perhaps I'll just buy some instead.

 

[thilanliyan]

I seem to be getting about 50 MH/s from my 2 290s.

Getting about 56MH/s with 2x290 at 1100/1250 clocks.

 

[Despoiler]

I use Kraken to do my exchanging. I believe it has the highest volume.

https://kraken.com

According to Coingecko, Poloniex has more volume, but their website was timing out a few hours ago. Laggy performance after it came back. Never gives me a good feeling.

https://www.coingecko.com/en/coins/ethereum/trading_exchanges

 

[wege12]

Sample instruction if using eth.nanopool.org

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.

I followed your steps and am mining through CMD. I have a couple questions though:

1. When I want to quit mining, do I just exit out of CMD?
2. How do I know when I've found a share?

Thank you

 

[metalliax]

I followed your steps and am mining through CMD. I have a couple questions though:

1. When I want to quit mining, do I just exit out of CMD?
2. How do I know when I've found a share?

Thank you

1. Yeah, just hit Ctrl+C to exit out of the mining process.

2. If you're using my directions, then you're going to get paid via pool 2x/day. You can see how much you're making via: http://eth.nanopool.org/account/0xyour_address

 

[wege12]

1. Yeah, just hit Ctrl+C to exit out of the mining process.

2. If you're using my directions, then you're going to get paid via pool 2x/day. You can see how much you're making via: http://eth.nanopool.org/account/0xyour_address

Thanks for all your help! My Fury X is currently getting 33.7 Mh/s.

 

[wege12]

1. Yeah, just hit Ctrl+C to exit out of the mining process.

2. If you're using my directions, then you're going to get paid via pool 2x/day. You can see how much you're making via: http://eth.nanopool.org/account/0xyour_address

Nevermind. I think I figured out the answer to my question.

 

[Blue_Max]

Heh.... only a few weeks ago my local used hardware pool consisted of lots of AMD cards and dedicated mining boxes... that pool has dried up. 😉

I think I might've missed the 'magic moment' already!

 

[metalliax]

So I can't seem to get my Ethereum wallet to connect to peers so it can download the blockchain. Any ideas?

I believe you need support for UPnP or NAT-PMP on your router. May also need to make sure the Windows Firewall service didn't block it. It should have asked for you to allow it.

Edit: looks like you figured it out... ;-)

 

[thilanliyan]

Wish I could "justify" a Fury purchase with this mining but man the CAD exchange rate is just killing us here lol.

 

[Denithor]

So I wonder how fast a 7970 for like $140-150 from eBay would pay for itself?

 

[Headfoot]

Better yet a used 7950 for $100

 

[wege12]

So I wonder how fast a 7970 for like $140-150 from eBay would pay for itself?

Well to give you an estimate, a 7950 that costs $120 would take roughly 34 days to break even. And a $150 280x would also take about 34 days to pay for itself.

 

[metalliax]

So I wonder how fast a 7970 for like $140-150 from eBay would pay for itself?

7970 performs about 85-90% as well as a Hawaii and Fiji. If currency holds / increases and network has doesn't climb super fast, it would pay off in 1.5 months (not including power).

 

[Blue_Max]

How easy is it to convert this new digital 'coin' to hard currency though? Or at least buy new hardware with it?

 

[SimianR]

How easy is it to convert this new digital 'coin' to hard currency though? Or at least buy new hardware with it?

Mine Ethereum -> Send to exchange -> Exchange for bitcoin, use bitcoin online or convert to USD at an exchange.

 

[metalliax]

The crazy thing about Ethereum right now is the daily trade volume is nearly half of Bitcoin and the market cap is less than 10%. Being nearly 10% of BTC market cap is already crazy enough.

 

[Madpacket]

Hmm, having little knowledge of Etherium brought me to the usual place I look for cryptocoin news (Bitcointalk) in which I found this thread.

https://bitcointalk.org/index.php?topic=1354246.0

This has me a bit worried about it but maybe this is a bunch of FUD or do you think this is a pump and dump?

Also there's this:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/

Many (most?) alt-coins have been scams or failed projects. Many exchanges as well. Not sure about this one but definitely not buying or mining any "ether" until I learn more about this. I suggest you all do the same, don't want to see anyone lose any money.

 

[SimianR]

Is it possible to mine without downloading the whole blockchain? And how do I know when this thing is finished or sync'd up?

 

[crisium]

27 MH/s on my Fury Core 3840. I'm just sorting testing it for now, not sure if this is worth going hardcore.

 

[Crono]

Is it possible to mine without downloading the whole blockchain? And how do I know when this thing is finished or sync'd up?

Yes, you could mine to an online wallet or a "cold storage" wallet.
For Bitcoin and other large cryptocurrencies like Litecoin there are lighter client wallets that don't download the entire blockchain, but I don't know of any right now for Ethereum.

You'll know when it's synced when it's caught up with the most recent block (for instance, as of this moment it's block 994608), which you can view on a blockchain explorer: https://www.etherchain.org/

 

[Crono]

Hmm, having little knowledge of Etherium brought me to the usual place I look for cryptocoin news (Bitcointalk) in which I found this thread.

https://bitcointalk.org/index.php?topic=1354246.0

This has me a bit worried about it but maybe this is a bunch of FUD or do you think this is a pump and dump?

Also there's this:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/

Many (most?) alt-coins have been scams or failed projects. Many exchanges as well. Not sure about this one but definitely not buying or mining any "ether" until I learn more about this. I suggest you all do the same, don't want to see anyone lose any money.

It wouldn't surprise me if there are people trying to pump and dump Ethereum, but Ethereum isn't a short term fly-by-night altcoin. The amount of development that's gone into it is significant, it has unique applications because of smart contracts (though there are one or two other new "bitcoin 2.0" cryptocurrencies now doing similar things), and there are large companies including banks and IBM and Samsung that have been experimenting with Ethereum for a while now. It's not just a clone of Bitcoin.

That said, yes, it's wise to learn more about it, and to not just jump in investing resources and hardware. Same was/is true of Bitcoin. Similar risk vs reward disclaimer applies.

 

[SlowSpyder]

I have a 7970 installed and an R9 390 sitting on my counter. I have a 1300 watt power supply, I'll be mining. 😀

 

[Headfoot]

Definitely going to mine too. Have 2x290, 1x390, 1x7950 in the house. Probably run them all undervolted at my old litecoin mining settings

 

[SimianR]

I'm assuming that this will impact the ability to play games or do anything GPU intensive on the system that it's run on, is there a way to adjust the intensity like mining Litecoin and such?