I was under the impression that hybrid POS won't start until next summer. October will be the reduction in block times, reduced issuance and diffusing the difficulty bomb.
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Ethereum GPU mining?
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I was under the impression that hybrid POS won't start until next summer. October will be the reduction in block times, reduced issuance and diffusing the difficulty bomb.
I'll look. It was during either the last dev meeting or the one before that. Full POS isn't scheduled at all from what I understand, just hybrid.
Jose Castillo
Member
wow guys, is it me or did we get a big reduction on profits 😱😱, almost 600 mh/s and only making 13$ a day, 0.05 eth/day
Yeah, this is why I sold my video cards and most of my mining hardware over past few weeks, and converted that to ether. With GPU prices inflated but the difficulty spikes (which we knew were coming) it made sense to sell. I only had a third of your mining power, though, 600MH/s is pretty nice.
I'm only mining on my main PC now. I'll probably get back into mining another cryptocurrency or ether (even fractional amounts will be worth a lot in the future) if Volta is any good (would be nice if it arrived before winter), or with newer aftermarket Vega card availability. I had a Vega 64 Air for a month... wasn't worth keeping.
Difficulty hasn't changed much in the past couple weeks. The difference in profitability is because the price of all cryptos tanked due mostly to Chinese government shenanigans. I consider it a good thing because I see no reason the price drop won't be temporary just like it always has been before, and in the interim it means people will be less inclined to bring more hash power online, keeping the difficulty lower and my mining rate higher.
I'm liking the Vega 64 Liquid I got last week to replace the Fury X in my main desktop. 43.8 MH/s.
I'm liking the Vega 64 Liquid I got last week to replace the Fury X in my main desktop. 43.8 MH/s.
End of July the difficulty was at ~1300 TH/s. It's now at ~2300. That's fairly significant.
Granted, the difficulty has been going up fairly rapidly this entire year, but it's still a notable bump for anyone who came on board a few months ago.
Jose Castillo
Member
back to 0.10eth per day, it seems it was a glitch at dwarfpool
DrMrLordX
Lifer
Okay, thanks. I was under the impression that Metropolis would bring a hybrid system where only 1 out of every 101 validations would be handled by PoS to start, and that would happen sometime in Oct or Nov 2017.
I believe that was the original plan but from everything I've read and specifically heard on the last dev meeting, hybrid POS won't be out until most likely next summer (no word on what % will be PoS was mentioned for next summer). Metropolis is also being split into two phases instead of just one. First phase starts soon, sometime in the next few weeks.
Phase 1 Metropolis (Byzantium) should defuse the difficulty bomb for ~ 18 months (which would mean they are hoping Casper PoS is ready by then) and will reset block times with a reduced issuance of 3 instead of 5. This will mean that mining should still barely be profitable for the next 18 months assuming the price of ETH doesn't tank.
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True, but that's largely due to the difficulty bomb which will be defused with the first Metropolis fork on 3-4 weeks. Issuance will go down too, but it will still be a net improvement for miners when it happens.
It will only make profitability slightly higher than now but in the long run profitability will continue to shrink, just at a much much slower rate so profitability will be stretched out long enough for Casper (PoS) to hit. Eventually, those will higher electricity rates will go negative, I'd guess in 4-6 months depending on hardware even with the difficulty bomb being defused. As they stop mining, network hashrates will drop and difficulty will increase at a slower rate probably reaching equilibrium around .06-.10 USD/kwh until PoS hits.
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Sounds about right. The days of super high profitability from mining are likely to be mostly over unless the price does something truly nuts. But a reasonable return will still be available to those who already have equipment for some time yet.
Yeah, if you have a bunch of 1070s (I do) and fairly cheap power (I do) then you'll be profitable for another year or so. I fully expect to see most miners in the red within 6 months unless the price of ETH skyrockets. Time will tell.
One thing is for sure. Nobody should be purchasing hardware to mine with. PoW mining across the board is simply not profitable. Even with free electricity there is no ROI.
Yeah I didn't buy my Vega 64 liquid specifically to mine with. I bought it to run my new 1440p 144Hz Freesync monitor, knowing it would be a decent miner during downtime to earn back some of the purchase price. And for that, I'm happy with it. I have cheap 100% wind power and efficient cards in my dedicated mining rigs so I'm not expecting to be unprofitable for quite some time yet. And especially during the immediate run up to proof of stake, I expect the price of ether to grow quite a bit yet. I'm fine holding out until then. If it actually becomes unprofitable to mine before then, I'll stop mining and put the money I would have spent on electricity into direct ether buys until the proof of stake run up.
Mind sharing your settings to hit 43.8 MH/s? 🙂
I'm stuck at 38.8Mh on a Vega 64 Liquid Edition 🙁
Sure. I get that using the mining driver. 1102 MHz / 950 mV core, 1100 MHz / 950 mV memory, -20% power limit. Using the normal drivers I get stuck in the 30's too.
Edit: Though even with the core set at 1102, Wattman always reports it running at 1560.
Ahh OK. Perfect I'll give that a shot. Much appreciated.
If aftermarket VEGA 56's ever hit reasonable prices I may be tempted to pick a few up. They seem like more versatile miners than the 1070's even though power consumption is still pretty high.
FWIW I finally got around to upgrading my 480 rigs to the latest Claymore 10 and AMd mining drivers. I should have done this a while ago. Feels good to be back to 175Mh at 800W from the wall again for the 6 card rigs. Overall speeds up 100+MH/s just for spending half a day upgrading software etc.
Also bought a refurbished Corsair RMi 1000W Gold last year that recently died. Thankfully it had a 1 year warranty so I RMA'd it back to Corsair and they sent me a brand new sealed unit with a 10 year warranty! Wasn't expecting that. Although I generally prefer EVGA SuperFlower LeadEx for power supplies, this was a good showing by Corsair.
thilanliyan
Lifer
What are you guys using to tweak Vega for eth mining?
Just got a Vega 56 and not sure what to use.
Just got a Vega 56 and not sure what to use.
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Just Wattman so far. It's still a bit limited and buggy, but I don't think any third party tools like afterburner are working with Vega yet.
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