Are you on the mining bandwagon yet?

>pyramid scheme general
I'm going to make a metric fucking shit ton of money after everyone realizes how worthless, corrupt and buggy etherium is.

>>60915303
etherium thread already got deleted an hour ago. enjoy your ban, scammer.

>>60915323
You can mine for a week then exchange it for cold hard cash. Even on a more frequent interval if you don't any confidence in the currency.

What's there to lose?

>>60915367
nothing to lose, I will enjoy watching that ecosystem burn to the ground after I walk away with a shit load of munnybux, there is no other future and everyone knows this.

Will AMD continue to make good mining cards with Vega? I thought about buying an RX480 but I figured why would AMD drop their mining friendly GPU architecture in the next series? Especially when it has been so lucrative for them recently.

>>60915580
Ethereum's ASIC resistance comes from being memory intensive to mine and the new Vega architecture has some of the highest memory bandwidth ever in a GPU so it might perform phenomenally well. 16GB even faster memory than the old architecture with increased scalability. I'm considering putting $5,000-7,000 down getting a six Vega rig going to see how it turns out.

>>60915303
No the only computer I have is a thinkpad x60 tablet and I'm to cheap to buy newer hardware.

Any use with an Nvidia card? Not using my desktop a ton lately, could be down for another ride of the cryptoscam wagon.

>>60915303
No,waiting for my rx 580 3months.
Miners already bought all cards...
I got just 1 gtx 560 ,that will take years to mine anything.

Yeah I made an AHK script to automatically start mining at 50% efficiency when I'm not on the pc for 2 minutes, and 100% efficiency when I'm not on the pc for 10 minutes.
It mines invisibly in the background and immediately stops mining as soon as I touch mouse or keyboard.

Basically I get paid every time I don't use the pc and it happens more often than I think.

I hope it fails so I can buy a 580 for dirt cheap.

>>60915745
I made about $12 in 4 days this way.
It's not much, but since I'm a college student it's pretty good for me.
$3 a day means $90 a month. This almost triples my monthly spending money for free.

I was actually thinking about doing this on a spare company server by just sticking a gpu in there a leaving it running... Whats a cheap gpu that can still earn me decent cash when I don't pay for power

>>60915806
RX 480
RX 580

>>60915810
Thanks anon, anything in particular I should look for in cards for mining?

>>60915857
nvidia cards are all shit at mining cryptocurrency
480 and 580 have a very low price with a very high performance in mining and games
that's why they're sold out everywhere, if you find one get one

>>60915857
Something that won't set itself on fire. So, a GPU from a reputable company with an actually good cooler.

As long as the room the computer is in isn't small, you can probably get away with reference cards too.

>>60915873
t. 2013

>>60915906
This is about Etherium mining, right?
It would be 2013 tier if you tried to mine bitcoin with it, but Etherium works surprisingly well
https://www.cryptocompare.com/mining/sapphire/radeon-rx-480-ethereum-mining/

> Price 199 USD
> Payback period 45 days

>in 3 month you can literally double your investment and it will only keep mining more

>>60915303
So when and where the fuck can I buy new cards in the US?

>>60915803
Damn. I'm tempted to do this next semester since I won't be paying for utility usage.

>>60915954
what happens if you trip a breaker in a dorm?

>>60915954
just keep in mind the crypto prices change a lot and difficulty may increase until that time too, making it less profitable

>>60915675
Only if you have a 1070. 1060s are okay but not great and 1080s are worthless.

>>60915696
I don't use my GPU (RX460) heavily so I'm using it to mine. I'll average $60 doing nothing with minimal electricity costs and I can still use my computer while mining, just can't gayme or anything.

>>60915761
As much as I'd like to mine, I agree with this sentiment. Crossfire 580s for <$300 would be great after the crash.

>>60915806
Best bet is a used 1070 for around $300-350. RX480/580 are $500-600 new and $400-500 used and it's just not worth it.

>>60915983
Just don't use more than 6 GPUs on a socket.

>>60915303

As an anon that had a 32 GPU farm mining Litecoin back in 2013, the main thing I learned from the experience is that if I'd have used the money I spent on mining hardware to just buy the coins themselves I would have made a metric shit-ton more money and saved myself a colossal amount of time and effort.

Mining on 2x GPU's that happen to be in your gaming rig to pay them off is justifiable, any more and you might as well jut buy the fucking coins and hold them, seriously. Not that anyone will listen, however.

How do I start? I have a GTX 970.

>>60916051
This argument fails to consider that if the coin crashes you are left with nothing if you bought coins, if you are mining and selling constantly (every week) if it crashes you can move to other coins or sell/use the equipment + the money you already made.

>>60916079
Buy an RX 480

>>60916241
out of stock everywhere

>>60916241
>implying you can find one right one

AMD gpus are out of stock everywhere thanks to miners. 1070 prices will go the same way soon since they're the next best option

>>60916310
I should spin up my crappy server, has a water cooled 290 and my main rig is a x2 Rx 480 with ryzen.

Etherium wallet sucks though.

>>60916079
Bump

Will prices of RX480s and 580s go down to normal (or lower) after Etherium hype goes down?

>>60916827
probably not until early 2018 when ETH miners get blown the fuck out. Retards like >>60915654 are going to be in for quite the kick in the nuts when ETH switches to POS.

>>>/biz/

>>60915367
How much cold hard cash are we talking about here?

>>60916908
Well that sucks, i wanted to get my first PC which would include RX580 but now i guess i can go and suck a dick

>>60915303
no, it will go bust by the time I finish syncing

>>60916908
>Implying there aren't other profitable coins to mine.

>>60916044
How does a 1070 stack up to an RX 580?

>>60915367
>You can mine for a week then exchange it for cold hard cash.

Yeah, no. You'd almost certainly get 0 ETH after a week as most pools have pretty high (0.1 or 0.2 ETH) minimum payouts.

>>60915303
Can't get in to my btc wallet to get the initial seed money.

>>60915323
>buggy
Wrong

>>60919934
>DAO

>>60917215
Like?

>>60920535
Dogecoin

>>60920656
Worthless. You can spoof them.

>>60916929
dozens of dollars

>>60920665
Fuck really probably should have done some research before I bought some

>>60920678

for a mere 3,000 in capital costs you too can walk away with ~60 dollars of a highly volatile day-trade 'currency' that'll take you days and sometimes weeks to exchange for USD, all while tripling your electric bill!

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>Most pools only pay after 0.1~1 eth
>I'd take 13 days at the earliest, and 137 days at the latest to get paid for farming 24/7 at maximum capacity

Shit.

>>60921447
>>60919014

ethermine has a 0.05 minimum, 0.001 fee for < 1 ether

>>60915303
I'd really like to learn cryptocurrency mining this year and to do that I usually try and get involved in a part of a community. Before I try and take part in a community, I generally look at the Code of Conduct first.

I noted that the Code of Conduct mentions 'gender' but that doesn't really feel like it includes non-binary or agender folk.

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>>60921133

>>60917375
I read that RX480/580s get 24-29 MH/s and that 1070s get 27-32MH/s, both depending on overclocks. 1080s are stuck in the low 20s I believe. R9 390/X I think has the best hash rate but higher power usage.

>>60915303

Mine young ones and hold forever, stop when your gaming rig fails to do it efficiently, find newer coin, rinse and repeat. You gain nothing from building an ASIC for just that other than huge electricity bills. Besides there are much more interesting enterprises if you're going to build an ASIC. And if you still insist on wasting electricity for monopoly money, at least focus your NEET powers into actual research like http://foldingcoin.net/

>>60916418
I'd use the main rig for mining when not doing GPU intensive tasks. You can even browse the web while mining without harming your hashrate. It only really drops if you're watching videos.

>>60921589
>foldingcoin
>pays you shitcoins for running folding@home
sign me up, thanks anon

What's up with Zcash? Wouldn't that be more profitable than ETH?

>>60915303
>60915303
I tried, but i feel my single 290 is inadequate for the task. so im trying to sell it instead

>>60915654
Buy $7,000 of rope instead. We have no idea what Vega's mining performance will be like, e.g. the RX 480 has a comparable hash rate to the Fury X despite the Fury X's much greater memory bandwidth.

Also, the 16GB VRAM capacity doesn't matter, the DAG is only about 3GBs big.

>it's pump & dumpers trying to scam people on 4chan thread

>>60915936
RX 480/580 is $600+ now m8
Precisely because of cryptominers
GTX 1060/1070 is better now with the faster ROI, but miners are pushing up those prices too now.

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>>60915303
Any recommended guides for someone wanting to learn how to mine and knows nothing about crypto-currencies?

How do I start? I got a 1070

>>60923459
Make a wallet, download a miner and join a mining pool

DID ANYONE SAY BUTTCOIN YET?????

Can an intel IGP mine etherium? Maybe, I could make a little side money to buy a dgpu.

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I'm dabbling because I like to tinker with hardware.

I haven't got around to reducing memory timings to get 30+Mh/s or reduced voltages to get less than 87W but it's very manageable to leave it on overnight while I sleep in the same room.

Pretty good considering that's only adjusting sliders and the mining specific nvidia 1060's coming out will do only 27MH/s at 120W.

>>60923722
I have a 2500k and didn't see the option, had to do CPU mining on it. I guess it's too old and does not have the right extensions for mining scripts.
Maybe later ones can. Download nicehash and go through the setup and benchmarks to see what it will give you.

>>60921717
It's still a pretty good card for mining. Why would you sell it?

>>60923722
There's a minimum memory requirement for ETH. Not sure what it is but an iGPU wouldn't have enough.

thanks for making my 480 resellable you cucklords

>>60915303
I don't understand how this works, I don't want to get into bit I would like to know how it works.

https://www.heise.de/newsticker/meldung/Ethereum-statt-Nebenjob-Anleitung-zum-Geldverdienen-mit-Gaming-PCs-3743725.html

what did they do... well, at least it wasn't the Computer Bild.

>>60926498
Is this method any more profitable than using nicehash or is it just more work for minor gains?

ETH has been stable for like 4 years now. Only altcoin even worth trying desu. I would rather just put a stack of hundreds on my GPU to watch it burn then to mine any other altcoin

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>>60924201
started yesterday, did apply a memshift to go from 24 to 25 MH/s though

Been out of the crypto loop for a while, what's this?
How will this be affected by that 1984 bill being proposed?

Mining on an eGPU + T430 :thinking:

>>60915303
yep

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free electricity so went with older cards that perform just as well

>>60928841
Holy shit you are downright retarded. Cancel the top two if you still can.

New nVidia cards ROI in under two and a half months, those things will take at least 5 or 6.

>>60928896

290x gets 25-30 mh/s

>>60929171
wtf I just looked this up, how the fuck? My 1070 gets just over that. Ridiculous.

>>60929171

r9 290 was a great card and 390x was just a rebrand. rx 480 performs worse than 390x.

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kek ebay thinks people mine bitcoins

>>60929198
Now you know why people call you an nvidiot

>buying cards just for mining
You dumb retards don't realize that profits are going to be lower and lower every day because everyone does that especially once the current bubble bursts and you are stuck with a bunch of useless video cards.

>>60929304
I didn't buy it for mining, I actually play games.

>>60915303
I mined for about 60 hours on a single RX 570, balance still showed 0, though I did buy $50 worth of ethereum during the dip

>>60929373
still gonna be profitable and will have enough gfx power for 4k 60fps gaming when i'm not mining stay mad poorfag no coiner

>>60929410
Buy a console if you only use a PC for gaming

>>60929415
should mine on a pool with 1 card

Why should I mine this shit instead of selling my RX480 and making $400?

>>60929611
GPUs are for gaming you faggot, not mining crypto-shitcoins.

>>60929611
I didn't say only, is this how retarded AMD shills are?

>>60915303
>TFW own an AMD GPU and its price doubled.

>>60929762
cause in a month you could have $150 and still have your 480

>>60929979
Or I could upgrade to a 1070 and still have that much left over.

>>60929995
do whatever you want

Is this the next meme coin?

>>60929995
aren't 1070 500 shekels

>>60926951
didn't eth just crash?

http://fortune.com/2017/06/15/bitcoin-ethereum-price-coinbase-down/

>>60930067
You can get them around $400. Even less if you catch the right sales. At least, until the miners start going for them.

>>60930096
eth has ridiculous beta
it hasn't crashed, but it's definitely trying to find a support level

>>60930096
everything crashed and is now recovering, it's normal

http://coinmarketcap.com/charts/

change to 1 month or 3 month view

now is the time to buy in if you haven't

>>60930108
Alt coins mined with GPU's because they are immune to ASIC miners
They can be exchanged for bitcoins

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>>60930147
>buy some ETH
>It immediately goes down $5/coin

they need to rewrite etherium in rust so it can have memory safety.

>>60921549
Fuck off

>>60930147
reading charts is a meme
its gambling

>>60929663
I was on ethminer's pool

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Hey miners! I have a 470 and not mining. You mad? Ha-ha, not getting your hands on this mofo.

>>60932088
Why would anyone care that you're not mining? I already have 32 GPUs mining

>>60931973
mine on a pool like nanopool or dwarfpool for more frequent payouts.

I have a gtx 970 on my desktop and a gtx 1050 on my laptop. Is that good enough for mining ETH?

>>60936029
Both of those are pretty miserable for ETH but the 970 should be alright for Equihash (Zcash)

>>60915303
once I get back home to my r9 390 I will

>>60916929
I make roughly 0.2 Eth in 1 week. So basically ≈$300 depending on price. I've kept some eth but I'm trading most of it for Bytecoins and Bitcoins.

INVEST IN ARK

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>he missed the Litecoin pump

We hit ATH today boys

>>60922974
Bumping for this

is mining with a gtx 1060 even remotely viable

>>60929171
i get that with a 290

Is profiting off of ethereum really as easy as buying coin off of coinbase then selling it back to them a month later.........?

>>60939360
You're selling it to other buyers in the market, but yes it is that easy.

can you even mine with a GPU on windows? i spend a whole 10 minutes looking into this and only found guides for mac and linux

Yes, if you count selling my gpu for double it's value a bandwagon.

>>60939660
yes you dumb retard

>>60939660
Lrn2google

>>60927946
Go mod your bios to achieve 29-30mh.

I currently run a rig with 4 GTX 1060 while waiting for my dual psu adapter to arrive. What hashrate do you anons get with a 1060?

>>60915303
I really hate miners because they basically killed off the concept of crypto-currency

>>60939986
explain.

How much money I can get realistically in a month if I do this shit casually few hours a day? I have RX 470.

Can I mine on a 1050 Ti?

geth keeps failing to sync the blockchain for me

>>60915323
OMG. BACK TO YOUR CONTAINMENT BOARD.

Pump and Dump:

The Thread

- Starring OP is a Faggot

>>60939986
You do not understand what you're saying at all.

>>60940126
You do not need to use Geth, you can easily make a wallet through other means like MyEtherWallet or Mist without downloading the blockchain.

>>60920535
http://whattomine.com/

>>60919983
That's like saying firefox is buggy when someone writes buggy javascript..

>>60930546
not going to happen anon

http://www.reuters.com/article/us-ethereum-enterprises-consortium-idUSKBN1662K7

>backed by huge corps
>written about on fukken reuters
definitely pyramid, scam or whatever. see you when i'm rich nerds.

>>60921584
I have a R9 390 and im thinking about mining soon. is it worth?

>>60943607
I'm doing it with a single 480 simply to get enough to get paid (should be about $20 to $40) and swap it for ETC, then just holding on to it like that for a few years to see what happens.
I looked into buying bitcoin for cash but its highly convoluted and is nearly like opening a bank account and then you have to worry about if you are buying with a good enough exchange rate for whoever you are registered with and the time it takes for it to be sent.

You are better off playing the lottery if you are looking to get rich quick. The only way that works for crytocurrencies is if you are rich enough to buy huge quantities.

Unless your utilities are included of you are okay stealing from mommy's purse you are wasting your time mining shitcoins. Nobody know what the next Ethereum will be and if you don't get in at the start you will be left hodling the bag.

>>60915303

/biz/

>>60944337
ETH $3000 next year.

>solo mined thousands of random shit coins in early 2014 with a 7950 and 650ti boost (cause low difficultly at release)
>Check my old wallets because coins are hype again
>~800 Monacoin

I'm just happy I've made anything at all. Can't wait for Ethereum to crash, to have another shot at mining shit coins

I've trying to get into the mining bandwagon but how viable is it with a single videocard? Due to corruption in my country, I have literally free electricity every third month. Would it be profitable to mine with a single card during these months? How long would it take me to pay back another card?

>>60915303

>>60947407
ehmm..
just buy an offset printing machine. you and 1 more guy who's not a moron and go to work.

What's a decent ETH walled that works on linux?
Open source preferred.

>>60940121
Not worth it honestly.

>>60943607
It's alright, not very efficient but your hash rate should be decent.

>>60940121
Depends, mine only averages 10mhs

Is potcoin any good

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>>60915303

Anyone want a little money?

Minimum payout is 1 ETH
Don't get scammed /g/.

>>60951584
where?

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>>60951584
Nanopool min payout is .05, or $17.

Don't use shitty big pools that locks you in for a month of work.

>>60954315
I thought nanopool had a minimum payout of 0.2?

>>60954315
What software is that?

>>60954414
Default unless you lower it

>>60954509
https://eth.nanopool.org/account/0xfa1f0480a66367fc25755a2e9df968ae3d03b9d6