With the “rise” of Defi (basically decentralized lending – linking decentralized exchanges with borrowing/lending of tokens with leverage, see yield farming for example, I dont really recommend), profitability of mining ETH and related coins has skyrocketed.
So welcome back to mining if you had stopped, or are new.
Most older crypto enthusiasts dislike any fee based software on moral and economic grounds, but it seems in 2018 that fee based mining is now a whole industry of its own. Well, for most algorithms there is no need to pay a fee or lose valuable hashing potential when disconnecting and reconnecting to pools.
For those that mine Ethereum, you really should not be using claymore or any other fee based miner. Ethminer has been updated and works very well, and has pretty much *the same hashrate* as a fee based miner. Feel free to compare received shares on your pool. Get it here ! This applies for Nvidia *AND* AMD GPUs.
Mineority and Squirrel research labs are also releasing the Acorn, a GPU M.2 accelerator. It is quite pricey and results have yet to be properly examined by the community. Same thing goes to the new FPGA’s sold by bittware and Mineority, results have yet to be properly examined by the community.
Happy Mining !
May your temps be low and your hashrates high !
Welcome to the Summer edition of Cryptominingtalk’s GPU mining news ! GPU Mining continues to be less profitable due to the “low” bitcoin price and the ever increasing difficulties. On a positive note, many new coins have gained traction and opportunities for profit still exist.
- The ASIC situation continues to get crowded. Bitmain has a variety on offer, almost all in stock. They sell the Z9, S9, E3, X3, L3++, A3 and D3. Innosilicon has a Zcash miner also. On top of that Baikal also sells the N70 (cryptonight), BK-B, BK-X, and an all new dual miner for blake256r*/lbry. Halong Mining also sells ASICS as do others.
- GPU prices are about to drop significantly. With the drop in profitability, new orders have been almost non-existent. Expect delays for the new generation, as Nvidia tries to offload a glut of GPUs.
- Cryptodredge : Fast Lyra2v2 and lyra2z miner. 84mhs/3.8mhs 1080ti. Coolminer is a bit slower but uses way less electricity.
- Bminer : Will have support soon for the new equihash fork 144,5. Now has Bytom support with 1300hs / 1080ti.
- Z-Enemy V11v4 : Fast x16r/s miner.
- Luxcoin PHI2 launches *again* with a new algo. CCminer by tpruvot.
Keep in mind that mining is still very profitable. Mining should be done with the least running costs possible.
And FPGA mining is alive and well. Now it is being sold to consumers in more user friendly packages. A group buy is here. Most people are looking at the VCU1525 with 16GB of RAM. Almost all algos are affected, even Ravencoin, so far.
Hi to all the great crypto mining recession survivors ! Here are some long awaited updates on mining software and related news that may be important to you. Now is a perfect time to tweak your mining rigs and have them run 100% to be ready for the next great Bitcoin bull run.
The current state of affairs is as follows : Profitability down across the board. New ASICS are shipping as we speak for various algorithms, destroying GPU profitability. Time to adapt.
Monero has forked to an ASIC resistant variation of itself, for the time being at least. This is cryptonight v7. Other similar coins, like SumoCoin have forked to different variations, such as cryptonight-heavy. To mine the new algo I would suggest simply using the latest CastXMR/Xmr-Stak, Claymore’s miner or GatelessGateSharp.
RavenCoin and other X16r/x16s coin are very popular and are traded on de-centralized exchanges, such as crypto-bridge. To mine these you need Avermore miner for AMD and EnemyMiner/Nevermore for Nvidia. Enemy Miner 1.08v also mines other crypto such as Bitcore.
Those still mining Ethereum can also use Phoenix Miner, a fast, low-fee alternative to Claymore. For Nvidia GDDR5x memory, you get can get a nice little program that modifies your memory timings by OhGodACompany. Gets you 50-55mhs for a 1080ti.
Finally, GatelessGateSharp is really coming along. Did you know you could put a stock AMD GPU, and change its memory timings without flashing your BIOS ? Introducing a whole new level of customization, multi-algo and multi-pool support, all for a very low fee and great support. It is not bug free yet, but I highly suggest you keep an eye on this project, which we have talked about in the past. Also, some of these miners are closed-source, and thus always install miners on safe machines, not ones where your crypto can be compromised.
Happy mining !
Featuring 180mhs for 800w, its stats are similar to a 6 GPU rig. Of course the main difference is the price – 800$USD. Since it ships mid-July at earliest profitability is again not a certain thing. GPU miners are already proposing ASIC resistant changes to the ETH ecosystem and other similar coins. Buy it on the Bitmain site directly if you must.
With rumored ETH ASICs around the corner, falling prices and rising difficulty many people are losing faith in mining. Welcome to Crypto is all I have to say 🙂
–Claymore ETH dual miner now v11.6.
–Bminer now 6.1.0
–Nicehash Miner now 188.8.131.52 Alpha with excavator update
Note that you will have to upgrade all Cryptonight miners – Most coins are changing the algo to CryptoNightV7 due to the ASICs.
DragonMint is taking pre-orders for their miners shipping between the end of March and May. They will have three miners – Blake2b (SIA), Blake256 (Decred) and SHA256 for Bitcoin. The most interesting miner is the T1.
The T1 features a whopping 16Ths for 1600w, which means it is the most efficient miner that is publicly available to buy. It has overt ASICBOOST capabilities (you need to mine on a pool that supports the feature). In contrast, Bitmain miners reportedly have covert ASICBOOST. In the next few months we can expect Bitmain to also come out with an updated miner with a much better efficiency and hashrate.
It seems all of those who bought S9s for recent farm builds are going to be feeling the pain of lower prices and higher difficulty for the foreseeable future. The profit bump since the Bitcoin Cash fork is coming to an end.