GPU Mining is back with Ethereum coins!

[TheMadDutchDude]

Hey guys,

Has anyone been following this coin? The profits seem decent and it is currently very much worthwhile mining for.

Phill and I have joined together to get some serious hashing power on the go. This is our little start up (just to see how it goes) and I have a few other cards hanging around as well. I have another 290 on the way that is going into my server for some additional crunching power, and the two 290X's in my rig will probably crunch away whilst I am at work too.

If all goes well, we will most likely end up buying another six as we have the capacity for up to 16 cards at the moment...

What are your thoughts on it? Has anyone else taken an interest to this like we all did with Doge a couple of years ago??

[coiler]

What stops all the dedicated uber mega hash mining hardware skewing the exchange rate?

AFAIK gfx mining died out when all the dedicated stuff took over


eg


http://bitcoinware.net/collections/g...-and-btc-miner

[TheMadDutchDude]

There's no ASIC miner for this particular coin and is currently unlikely to come, and that's what gives it its value.

The coin prices have gone up by $4 USD in the past three or four days. I need to get mining, fast!!

[coiler]

How've they got round that then, just forced GFX cards only into the mining software?

[Aaron]

I'm tempted to buy a few cheap dedicated miners and just leave them running at work.. I wonder how long it would take for them to pay for themselves..

[k3vst3r]

Cheers I'll put my 3 290x's to work

according to ETH mining ouput I've got 109MH/s with 2 7950 and 3 290's https://www.cryptocompare.com/mining/#/equipment

[TheMadDutchDude]

You should get 30 - 35 from each 290 alone. Which OS are you on? 10 cripples them.

I only get 27.5 out of each of mine, and a friend on Win 7 gets closer to 35 with a 290 rather than a 290X.

Best advice is to mine on a pool as it doesn't require downloading 16 GB of chain data. It took over 18 hours for me and hit my SSD with 40 MBps writes the entire time.

I'm tempted to buy a few cheap dedicated miners and just leave them running at work.. I wonder how long it would take for them to pay for themselves..

It'll be quicker for you as you've not got electricity to worry about with that.

[k3vst3r]

Unfortunately on windows 10, however I'll go windows 7 to push up my efficiency

[TheMadDutchDude]

Good choice.

[Aaron]

It'll be quicker for you as you've not got electricity to worry about with that.

Exactly my thoughts..

Literally free money after a while..

[BigIan88]

Feasible to do with a Nvidia card?

[k3vst3r]

Feasible to do with a Nvidia card?

Appears so

GeForce GTX 970 GPU

• Price$ 400.00
• Hash Rate17.9 MH/s
• Coin ETH
• Annual Minings$ 781.20
• Payback186 days

[Ninjacat]

i doubt my card will pull anything really.

still rocking a 6950

and from the last sesh i did it left me with a £500 energy bill with about £20 from mining.

[BigIan88]

I sold a lot of Dogecoins on ebay and made about £2000, only to be inundated with chargebacks a few weeks later with people claiming it was a fraudulent transaction and in the end I only made about £100.

[TheMadDutchDude]

I sold a lot of Dogecoins on ebay and made about £2000, only to be inundated with chargebacks a few weeks later with people claiming it was a fraudulent transaction and in the end I only made about £100.

Damn dude, you got wrecked. I lost £200 out of about £1100. Thankfully you can just trade them on exchange sites for BTC now. Sell the BTC legitimately, and then put the cash into your account.

On another note; can anyone remember what sites there were for Doge back in the day? I'm trying to think of the exchange but it won't come back to my brain. It had Crypto in the name I think ...