• Last Updated:
  • Nov 17th, 2017 5:47 pm
Tags:
[OP]
Deal Fanatic
User avatar
Oct 25, 2003
9019 posts
195 upvotes

Ethereum mining guides?

Anyone have any tips or trustworthy guides on getting started with Ethereum mining?

I did a decent amount of BTC mining back in 2011 and still kicking myself for selling 30 BTC for $20 a pop, oh well.

:D

Edit:


Mining Software:
SLee wrote:
May 25th, 2017 5:19 pm
For Ethereum, get AMD RX 570/580s cards (better bang/$ compared to Nvidia 10 series), use Claymore's Ethereum miner, and dual-mining is an effective way to increase revenue.
https://bitcointalk.org/index.php?topic=1433925.0


Which Coin to Mine:
LegiT wrote:
Jun 14th, 2017 8:56 am
https://whattomine.com/coins
Last edited by B0000rt on May 25th, 2017 11:58 am, edited 1 time in total.
it's me ramin.
1514 replies
Deal Fanatic
Aug 14, 2007
8247 posts
621 upvotes
Toronto
You'd have to look into power consumption for what you'd be doing and see if it would be worth it or if just buying them would be a better option.

I wouldn't mind taking a gamble on a cryotocurrency but haven't looked into what's new and what's worth the gamble
[OP]
Deal Fanatic
User avatar
Oct 25, 2003
9019 posts
195 upvotes
XtremeModder wrote:
May 25th, 2017 12:13 pm
You'd have to look into power consumption for what you'd be doing and see if it would be worth it or if just buying them would be a better option.

I wouldn't mind taking a gamble on a cryotocurrency but haven't looked into what's new and what's worth the gamble
I'm not looking to buy, if I wanted to gamble, I'd go to the casino. I've already done the calculations, it's profitable for now:
https://www.cryptocompare.com/mining/ca ... h=0.141222
it's me ramin.
Deal Guru
User avatar
Mar 14, 2009
10470 posts
3786 upvotes
Guys just FYI this is extremely lucrative. It looks like you can generate over $400USD per month using a card like a GTX 1070. The RX480 cards will be similar. I'm slowly trying to figure this out. The first step is getting your wallet to sync, it's a total PITA.
I am a Zoomer customer.
Jr. Member
Jul 26, 2008
182 posts
103 upvotes
Montreal
Yes this is as good it get's. Like money growing on trees.

This month has seen quite an impressive rise in the value of a wide range of crypto-currencies.
https://techcrunch.com/2017/06/07/what- ... aluations/

It's like the 2013 mining craze all over. Online stores are running out AMD card's Miners are buying cards by crates.

If your goal is just to mine and hold bitcoin or cash I would not bother with hassle of a local wallet. You mine on a pool using an ID which is the crypto wallet of your account on an exchange such as Poloniex, C-cex, Bittrex. Perhaps not the safest for long term storage but the simplest. To mine ETH with AMD cards use the Claymore miner, https://bitcointalk.org/index.php?topic=1433925.0 Don't use Poloniex as an wallet exchange as your ETH deposits will only show -up when have more than 1 ETH ! ( They never re-adjusted the min deposit figure after stratospheric rise of ETH this month)

If you are going to spend effort on ETH be aware that this coin is moving away from of Proof of Work system to Proof of Stake, which means that the currency will function without mining fall of 2017. There a number of currencies going down the POS path as the mindless wasting of resources required by mining is not environmentally sustainable.

You can use a site like this https://whattomine.com/coins to see what kind of "theoretical revenue" you can make. Buy default the site uses the hashing power of 3 AMD R280 card. You can make adjustments of the left.

I spent all winter mining with old R 280, R290 and Fury cards. With the profits earned from mining zcash all winter, I was able to afford some "spring" 1080Ti. These cards are making a killing at a lower power consumption than my old stock of AMD cards.

Right now I think the nvidia cards offer more mining "flexibility" There are mining packages; pre-configured miners, ( all you set is your Bitcoin address) that will mine on "Currency Auto switching, auto selling pools that pay out each day the profits in Bitcoin.

On of these package is called NemosMiner v1.7.4 https://bitcointalk.org/index.php?topic=1777336.0 It comes configured for 3 different pools. I have been using the package that mines on www.zpool.ca. The 3 1080Ti's I have pointed at this are generating about .02 BTC a day about $80 CND. So payback on 3 1080Ti cards would take about 40 days if market condition hold, and they never do. I expect that this mining "bubble" will bust like the last time, but if your timing is good you can get some high end GPU's to pay off for themselves.

And yes high end video cards retain much more value than your entry value models on a crashing crypto market.

Also for those of you who think that mining kills video cards, if they are kept at a reasonable constant temperature and re-pasted ever year or so they will last long time. I only had 1 card a R290 died after 4 year of mining.
Sr. Member
Sep 13, 2016
946 posts
409 upvotes
RX570/580 cards are extremely difficult to get at the moment. I was looking to buy a RX570 for normal gaming and videos and found it to out of stock literally everywhere in Canada and US. Did some search to realize mining was the reason.
Lol. I was going to order one card anyway, decided to order one more just for fun. I should hopefully have my PC up and running the by the weekend. Will update here on how it goes.
I will be more than happy if it pays even the cost of my computer before it goes bust.
Deal Expert
User avatar
Oct 26, 2003
26997 posts
1719 upvotes
Winnipeg
naimc wrote:
Jun 8th, 2017 12:58 am
Yes this is as good it get's. Like money growing on trees.

This month has seen quite an impressive rise in the value of a wide range of crypto-currencies.
https://techcrunch.com/2017/06/07/what- ... aluations/

It's like the 2013 mining craze all over. Online stores are running out AMD card's Miners are buying cards by crates.

If your goal is just to mine and hold bitcoin or cash I would not bother with hassle of a local wallet. You mine on a pool using an ID which is the crypto wallet of your account on an exchange such as Poloniex, C-cex, Bittrex. Perhaps not the safest for long term storage but the simplest. To mine ETH with AMD cards use the Claymore miner, https://bitcointalk.org/index.php?topic=1433925.0 Don't use Poloniex as an wallet exchange as your ETH deposits will only show -up when have more than 1 ETH ! ( They never re-adjusted the min deposit figure after stratospheric rise of ETH this month)

If you are going to spend effort on ETH be aware that this coin is moving away from of Proof of Work system to Proof of Stake, which means that the currency will function without mining fall of 2017. There a number of currencies going down the POS path as the mindless wasting of resources required by mining is not environmentally sustainable.

You can use a site like this https://whattomine.com/coins to see what kind of "theoretical revenue" you can make. Buy default the site uses the hashing power of 3 AMD R280 card. You can make adjustments of the left.

I spent all winter mining with old R 280, R290 and Fury cards. With the profits earned from mining zcash all winter, I was able to afford some "spring" 1080Ti. These cards are making a killing at a lower power consumption than my old stock of AMD cards.

Right now I think the nvidia cards offer more mining "flexibility" There are mining packages; pre-configured miners, ( all you set is your Bitcoin address) that will mine on "Currency Auto switching, auto selling pools that pay out each day the profits in Bitcoin.

On of these package is called NemosMiner v1.7.4 https://bitcointalk.org/index.php?topic=1777336.0 It comes configured for 3 different pools. I have been using the package that mines on www.zpool.ca. The 3 1080Ti's I have pointed at this are generating about .02 BTC a day about $80 CND. So payback on 3 1080Ti cards would take about 40 days if market condition hold, and they never do. I expect that this mining "bubble" will bust like the last time, but if your timing is good you can get some high end GPU's to pay off for themselves.

And yes high end video cards retain much more value than your entry value models on a crashing crypto market.

Also for those of you who think that mining kills video cards, if they are kept at a reasonable constant temperature and re-pasted ever year or so they will last long time. I only had 1 card a R290 died after 4 year of mining.
very well, i will dig up my old miners and get them out of retirement, been out of loop for awhile after btc/ltc/doge/others but with the cheap hydro in manitoba, and you have in quebec, it actually makes sense. I suppose I could even host people's gpu/miner with cheap power here, and you can do that too.
4930k/32gb/256gb ssd/8tb hdd/win10pro/msi 290
bst/free stuff/btc/ether
Deal Addict
Jul 23, 2002
3556 posts
450 upvotes
SickBeast wrote:
Jun 7th, 2017 9:55 pm
Guys just FYI this is extremely lucrative. It looks like you can generate over $400USD per month using a card like a GTX 1070. The RX480 cards will be similar. I'm slowly trying to figure this out. The first step is getting your wallet to sync, it's a total PITA.
If you're mining, you don't need the local wallet yet. You mine to an account on a pool
Sr. Member
User avatar
Dec 1, 2010
783 posts
255 upvotes
GTA
IndyBeak wrote:
Jun 8th, 2017 2:07 pm
RX570/580 cards are extremely difficult to get at the moment. I was looking to buy a RX570 for normal gaming and videos and found it to out of stock literally everywhere in Canada and US. Did some search to realize mining was the reason.
Lol. I was going to order one card anyway, decided to order one more just for fun. I should hopefully have my PC up and running the by the weekend. Will update here on how it goes.
I will be more than happy if it pays even the cost of my computer before it goes bust.
Yup, that's the reason its been going all around. Thats why I was lucky to scoop up a MSI GAMING X RX 580 8GB for $335 pre-sale before all this went down because I was reading about an incoming swarm of mining. Now this same card I picked up for $335 is going for $370 and is on back-order pretty much everywhere. I was lucky to scoop it up while I could.
Deal Guru
User avatar
Mar 14, 2009
10470 posts
3786 upvotes
SLee wrote:
Jun 8th, 2017 4:44 pm
If you're mining, you don't need the local wallet yet. You mine to an account on a pool
Do you have a link to a good guide? The one I'm using now is for nanopool and I need to have my wallet address in order to get credit for the coins I mine.
I am a Zoomer customer.
Deal Addict
Jul 23, 2002
3556 posts
450 upvotes
SickBeast wrote:
Jun 8th, 2017 5:45 pm
Do you have a link to a good guide? The one I'm using now is for nanopool and I need to have my wallet address in order to get credit for the coins I mine.
I haven't used nanopool but my experience with pools has been pretty consistent. When you sign up for a pool, you setup an account and workers. You then configure your mining software to connect to the provide pool URL and account.worker values. For example:

https://eth.********.cc/index.php?page=gettingstarted

Your mining earnings will accrue into your pool account and can grow indefinitely, until you choose to take them out (and for security reasons you usually don't want to keep a lot). While it's recommended to add a wallet address in the beginning, you only need to do so when you want to withdraw coins. And certainly you can start mining as soon as possible, and worry about the wallet later.

In theory, you never actually need a local wallet address if you withdraw directly to an exchange and sell the coins for cash.

Edit: The censored link is eth s u p r n o v a cc

Top