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Crypto Currency Mining & Graphics Cards - Page 3

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a b U Graphics card
March 21, 2014 4:41:40 AM

toprock said:
jjb8675309 said:
I'm pulling about 700 kH/s/gpu with my GTX780s for ~250w a pop. For me its worth it.



Thats for two cards combined though right? at £800 cost? If you already own 780 SLI for gaming its a no brainer i guess, but when buying outright a single £200 280x can give 750k/h, particularly the Sapphire branded cards which mine well

http://www.aria.co.uk/SuperSpecials/Other+products/Sapp...



I'll give you an 'A' for effort.

No that's per card. I mine at 650kH/s per with my 780's because I keep the clocks low and they are quiet.

Performance per watt the nVidia cards own.

Quote:
nVidia cards can be very efficient
miners - don't believe the AMD fanboy myth that nVidia cards
suck at mining! We've recently had a watercooled 780Ti break
900 kHash/s at scrypt (N=1024) mining.


a c 203 U Graphics card
March 21, 2014 5:09:46 AM

NVidia can mine scrypt as well or better than AMD cards, but Bitcoin does not use scrypt, and nVidia can't mine them worth squat. Of course, neither can AMD now that the difficulty has skyrocketed due to the arrival of ASICS. Anyone mining today is seeking an alternative currency, such as Litecoin, Dogecoin, or any number of others. A number of organizations have created a cryptocurrency, hoping that theirs is the one that takes off. That sort of game-playing permeates our society, and is one of its problems. It is one of the weaknesses of cryptocurrency in general, it is still so early that speculators have too much influence.
a b U Graphics card
March 21, 2014 7:49:29 AM

http://www.techspot.com/news/56073-kncminer-completes-s...

Reason I mine Vertcoin being it uses an adaptive N factor thus rendering it impossible for companies to design an ASIC to mine them. The time in R&D to design one would render it obsolete as soon as the factor changes.
Related resources
a c 97 U Graphics card
March 25, 2014 6:02:08 PM

That doesn't make sense and isn't good.
I think taxing it as property is worse because it opens the door of digital data to be treated (taxed)
as property
March 25, 2014 7:07:57 PM

it will be taxed at multiple levels, state and federal, but his is the first step toward legitimacy. a house is not legal tender but i would trade 10 bc for a house. You can bet the irs will scrutinize every transaction.
a b U Graphics card
March 26, 2014 1:01:16 AM

It has just been decided in Denmark that profits from bitcoins will not be taxed. It's the same concept as selling a painting and making a profit of that (Not including professional painters of course)
a c 203 U Graphics card
March 26, 2014 10:12:50 AM

Funny. Bitcoin transactions are not traceable, therefor the parasites will not be able to successfully impose non-voluntary taxes on them.
a b U Graphics card
March 26, 2014 10:52:18 AM

I think they can still audit you if they suspect you though, which means you'd then have to prove it... and if you don't cooperate they can throw you in jail for tax evasion?

But the bitcoin transactions being untraceable.... don't they have to be traceable somehow so people can't just add bitcoins to their wallets by duplicating code? (i.e. "I have bitcoins a10131!$&AD3, 841247#22d and puy7te2231 in my wallet because I typed them in.")
a c 203 U Graphics card
March 26, 2014 11:08:33 AM

The block chain "knows" about the history of every bitcoin, from its creation on. It isn't possible to "poof" one into your wallet. When you tried to spend it, the network would not confirm it. In that sense, bitcoins themselves can be "traced," sort of, but they remain anonymous, not linkable to a particular person.
a b U Graphics card
March 26, 2014 11:28:15 AM

Well how is it really anonymous then?

Bitcoins (but does that include Litecoins, Dogecoins, any of the others?) are being treated in the same manner as stock, so you only pay taxes on them when you sell them, based on how much you made or loss. It also means you can claim the lossed value of your Bitcoins as well if they decrease in value from the amount you bought them at.

If you buy them at $100 apiece, and then sell them for $200, the IRS gets a cut. If you buy them at $100 and then sell them for $50, you can claim that as a loss on your tax return and get a tax refund.
a c 203 U Graphics card
March 26, 2014 11:45:12 AM

Don't buy and sell them. Why convert them at all? While there are a limited number of people and places that will take them, if you are able to find what you want, the parasites have no way of getting their greasy mitts on it.
a b U Graphics card
March 26, 2014 12:11:12 PM

It will be interesting to see how they react to the first Bitcoins for real estate sale. Because your right, as long as you don't trade them cash, the IRS can't really do much.

But this could also set a precedent for WoW gold couldn't it? It's pretty much the exact same thing, and people trade it for cash, and it's value can fluctuate, ect. It's just businesses outside of wow don't accept it, but it doesnt mean they can't.

Bitcoins are no different then any other virtual commodity in basic practice.

I do have dreams about "the people" casting off the government by just using currencies that the government doesn't print themselves.
March 26, 2014 3:00:08 PM

Real estate transaction through attorneys or title companies have to be certified on a hud -1. bitcoins would be converted to us dollars before closing. It is up to the irs to figure out where the money came from.
March 26, 2014 11:27:32 PM

One thing I don't understand, and I've read about and watched a lot of videos about it, is why does using your computing power to solve algorithms equate to money? Why are you getting paid to solve equations basically? I don't get it, like does is help society in any way?

I find it interesting though. If the market holds, once we get closer to the 21 million bitcoin cap all the people that hoarded bitcoins are gonna be RICH. 1 bitcoin is going to be worth thousands of dollars.
a c 97 U Graphics card
March 26, 2014 11:30:27 PM

Quote:

like does is help society in any way?

No hence why I am not a fan of crypto
a b U Graphics card
March 27, 2014 8:18:14 AM

opio said:
I don't get it, like does is help society in any way?


No, but neither does investing in the stock market or speculating on real estate. All it does is make you richer and negatively effect everyone else by increasing inflation.
a c 203 U Graphics card
March 27, 2014 8:52:28 AM

Creating bitcoins (or other crypto) is only "pseudo-work" at best, but the potential benefit to society is the adoption of currencies that cannot be artificially manipulated by banksters, financial game-players, and parasites to the detriment of all. It's a new model, and will have growing pains, and any number of other glitches along the way, but I can't see not turning out a lot better than things are today.
March 27, 2014 10:40:58 AM

I'm interested in starting mining, mainly bitcoin though as that seems to be the most stable cryptocurrency, then litecoin. Can I mine litecoin with nvidia cards? Cause I know only AMD does bitcoin. If I can't use nvidia for litecoin what's the best currency for nvidia cards? Do you think the market is going to collapse at all? Cause right now one bitcoin is worth about $89, if the current model holds, (so far 10 million out of the 21 million bitcoins out there have already been mined) once we start to reach the cap one bitcoin has the potential to be worth thousands of dollars.

Btw, I just bought two cause there's a cap, but newegg has asus R7 265's right now. $179.99 for a 2gb 256-bit interface card.
a c 97 U Graphics card
March 27, 2014 10:55:54 AM

You can mine litecoin with NVidia cards but with less performance than AMD cards. But NVidia Maxwell may change that.
Bitcoin cannot be effectively mined without an ASIC

Actually bitcoin is about $500 per coin right now
March 27, 2014 11:02:53 AM

smeezekitty said:
You can mine litecoin with NVidia cards but with less performance than AMD cards. But NVidia Maxwell may change that.
Bitcoin cannot be effectively mined without an ASIC

Actually bitcoin is about $500 per coin right now



oh dang, the video I watched said that it was 82 a coin "at the time" so it must've been an older video, my mistake and thanks for correcting it :) 

I have a GTX 760, isn't that a maxwell? Will maxwell be able to mine bitcoin?

My brother just bought 2 Asus R7 265's, they seem to be great cards they were only $169.99 and have 2gb vram and a 256-bit interface. There's a 2 per customer limit cause all the crypto-miners have been buying them up. Sapphire makes one as well for $149.99. Just letting everybody know as this card will probably be sold out by the end of the day.

http://www.newegg.com/Product/Product.aspx?Item=N82E168...
a b U Graphics card
March 27, 2014 11:25:59 AM

opio said:
smeezekitty said:
You can mine litecoin with NVidia cards but with less performance than AMD cards. But NVidia Maxwell may change that.
Bitcoin cannot be effectively mined without an ASIC

Actually bitcoin is about $500 per coin right now



oh dang, the video I watched said that it was 82 a coin "at the time" so it must've been an older video, my mistake and thanks for correcting it :) 

I have a GTX 760, isn't that a maxwell? Will maxwell be able to mine bitcoin?

My brother just bought 2 Asus R7 265's, they seem to be great cards they were only $169.99 and have 2gb vram and a 256-bit interface. There's a 2 per customer limit cause all the crypto-miners have been buying them up. Sapphire makes one as well for $149.99. Just letting everybody know as this card will probably be sold out by the end of the day.

http://www.newegg.com/Product/Product.aspx?Item=N82E168...


https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-J...

Vertcoin is where it's at.

A good calculator - http://www.coinwarz.com/miningprofitability/litecoin

March 27, 2014 11:29:15 AM

RussK1 said:
opio said:
smeezekitty said:
You can mine litecoin with NVidia cards but with less performance than AMD cards. But NVidia Maxwell may change that.
Bitcoin cannot be effectively mined without an ASIC

Actually bitcoin is about $500 per coin right now



oh dang, the video I watched said that it was 82 a coin "at the time" so it must've been an older video, my mistake and thanks for correcting it :) 

I have a GTX 760, isn't that a maxwell? Will maxwell be able to mine bitcoin?

My brother just bought 2 Asus R7 265's, they seem to be great cards they were only $169.99 and have 2gb vram and a 256-bit interface. There's a 2 per customer limit cause all the crypto-miners have been buying them up. Sapphire makes one as well for $149.99. Just letting everybody know as this card will probably be sold out by the end of the day.

http://www.newegg.com/Product/Product.aspx?Item=N82E168...


https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-J...

Vertcoin is where it's at.

A good calculator - http://www.coinwarz.com/miningprofitability/litecoin



Can I use nvidia and AMD for vertcoin?
a b U Graphics card
March 31, 2014 3:43:19 AM

Am I the only one who thinks it's just beyond ludacris when people start mining new crypto currency when the established ones are getting too difficult / not profitable enough to mine?
I wouldn't hold on to anything other than Bitcoin or Litecoin for a longer period of time.
This is the bubble as I see it right now. New crypto currency just pops up every day now. Antyone with a little sense can see that this is not going to be a stable establishment of crypto currency.

By all means, go ahead and mine the new currency, especially while the mass hysteria is very much alive and people are grabbing everything they can but just remember that those coins will be worthless in the long wrong if they don't get established and the chances of them getting a value on pair with Bitcoins are very small as I see it. The high value of Bitcoins are a result of the publicity and interest of the coin.
a c 203 U Graphics card
March 31, 2014 6:57:10 AM

I believe Mahisse is correct. Most of the assorted cryptocurrencies are little more than gambling games, with people trying to make a buck before everyone realizes that particular coin is worthless.
March 31, 2014 1:14:59 PM

Onus said:
I believe Mahisse is correct. Most of the assorted cryptocurrencies are little more than gambling games, with people trying to make a buck before everyone realizes that particular coin is worthless.


What in your opinion are the top three established currencies other than bitcoin?
a c 97 U Graphics card
March 31, 2014 1:20:51 PM

Litecoin obviously
Strangely enough dogecoin still has quite a following
March 31, 2014 1:26:33 PM

smeezekitty said:
Litecoin obviously
Strangely enough dogecoin still has quite a following


and litecoin can be mined with nvidia cards? I heard litecoin was created by a co-founder of google to be "the silver to bitcoin's gold"
a c 97 U Graphics card
March 31, 2014 1:36:42 PM

Yes litecoin can be mined with NVidia cards although not as efficiently as with AMD cards. (look up cudaminer)
Like I said before the maxwell cards may have better compute performance
March 31, 2014 2:06:58 PM

litecoin, dogecoin,primecoin,worldcoin vertcoin all can be mined with nvida or amd. There will be a never ending treasure trove of mining possibilities. Mine hard and fast until difficulty increases to much and jump to the next coin.

a b U Graphics card
March 31, 2014 2:25:09 PM

opio said:
RussK1 said:
opio said:
smeezekitty said:
You can mine litecoin with NVidia cards but with less performance than AMD cards. But NVidia Maxwell may change that.
Bitcoin cannot be effectively mined without an ASIC

Actually bitcoin is about $500 per coin right now



oh dang, the video I watched said that it was 82 a coin "at the time" so it must've been an older video, my mistake and thanks for correcting it :) 

I have a GTX 760, isn't that a maxwell? Will maxwell be able to mine bitcoin?

My brother just bought 2 Asus R7 265's, they seem to be great cards they were only $169.99 and have 2gb vram and a 256-bit interface. There's a 2 per customer limit cause all the crypto-miners have been buying them up. Sapphire makes one as well for $149.99. Just letting everybody know as this card will probably be sold out by the end of the day.

http://www.newegg.com/Product/Product.aspx?Item=N82E168...


https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-J...

Vertcoin is where it's at.

A good calculator - http://www.coinwarz.com/miningprofitability/litecoin



Can I use nvidia and AMD for vertcoin?


smeezekitty said:
Yes litecoin can be mined with NVidia cards although not as efficiently as with AMD cards. (look up cudaminer)
Like I said before the maxwell cards may have better compute performance


You got it wrong... nVidia cards are MORE efficient. nVidia cards have dominated performance per watt since the release of Kepler. You lose a little hashrate but make up for it in efficiency...



Quote:
So there you have it, NVIDIA dominates our GPU Power Consumption Showdown - in a very, very big way.

Read more at http://www.tweaktown.com/tweakipedia/39/gtx-780-sli-vs-...


http://www.tweaktown.com/tweakipedia/39/gtx-780-sli-vs-...

a c 97 U Graphics card
March 31, 2014 2:32:23 PM

No you lose a lot of hash rate because the gimped compute performance. It may be more power efficient but the card cost versus hash rate is very poor.

Maxwell (750/750ti) seems to change that

Those are gaming graphs not mining graphs
March 31, 2014 2:36:18 PM

^only because he said "efficiently" But even older amd cards are better than kepler when litecoin mining. Maxwell scaled up should be comparable if not better than amd when it is released. Best cost per hash is still the 7850. the most important thing to look at when mining IMHO
a b U Graphics card
March 31, 2014 2:52:11 PM

smeezekitty said:
No you lose a lot of hash rate because the gimped compute performance. It may be more power efficient but the card cost versus hash rate is very poor.

Maxwell (750/750ti) seems to change that

Those are gaming graphs not mining graphs


If the hashrate is "poor" what's the hashrate on a GTX 780? I want you to tell me and everyone else so I can prove you have no idea what your talking about.

Very perceptive, and yes those are "gaming" power consumption numbers (does it really matter?). Do you think power draw would be different mining because you are implying that it would? Full load is full load and power draw is power draw no matter how you slice and dice it.

I pull an average hashrate of 1300kH/s under 500w (650kH/s Vert). Take a guess as to what I'm using?

Josh pulls more than I with similar hardware although his clocks are probably higher. Onus even said that nVidia cards tend to be better scrypt miners. And this is on efficiency alone.

Here's the pudding:

if you DO NOT pay for electricity then use a Radeon card.

if you DO pay for electricity then use an nVidia card.

**Note I have another machine with 2x 7870's mining and not only does my "nVidia" machine pull much better numbers (it better it's more expensive) but consumes about the same power (unless Kill-A-Watt is lying).

March 31, 2014 3:29:44 PM

1300 seems improbable considering the raw data shows most getting 1/2 that. can it do that 24/7 365 ?
a b U Graphics card
March 31, 2014 3:38:42 PM

Quote:
1300 seems improbable considering the raw data shows most getting 1/2 that. can it do that 24/7 365 ?


Times have changed.

A quick screeny, but if you want to see Vert numbers that's fine too. I mine when I'm not gaming or doing video stuff which quite a lot esp. over night.

March 31, 2014 3:44:16 PM

RussK1 said:
Quote:
1300 seems improbable considering the raw data shows most getting 1/2 that. can it do that 24/7 365 ?


Times have changed.

A quick screeny, but if you want to see Vert numbers that's fine too. I mine when I'm not gaming or doing video stuff which quite a lot esp. over night.




That is two cards mining @ 1300 whats your point?
a b U Graphics card
March 31, 2014 3:54:29 PM

Oh boy.

Look at my hardware profile.

1300kH/s @ 500w. ----> that's the point.
March 31, 2014 4:29:12 PM

Oh boy is right, a pair of 280x wil get 1500 for the same 500 watts
April 1, 2014 9:28:01 AM

Can you hear the crickets Russ ?
April 1, 2014 3:22:18 PM

The money in mining does'nt come from actually mining, the money is in selling the systems to mine.
mining Is a scam.
April 3, 2014 10:50:48 AM

WonkeyDoo2 said:
I'm interested in the results of the GTX 750Ti. I believe the low power usage will make these the ideal card to use for mining.


yes GTX 750Ti by gigabyte oc the best card of all. hash/watt I have 3 mining now just with cuda miner at 265 kh each. thats 800 kh for 3 cards at 60 watts each. With this code. cudaminer.exe -l T5x24 -C 1 -i 0 -o stratum+tcp://pool1.us.multipool.us:7777 -u yourname -p x -d 0,1,2 It could be push to about 900 kh but i didnt get to it yet.

April 3, 2014 11:18:56 AM

No doubt the 750ti has the best watt/hash rate but not the best cost/hash or slot/hash rate.
April 10, 2014 4:17:50 AM

tourist said:
No doubt the 750ti has the best watt/hash rate but not the best cost/hash or slot/hash rate.



what card would you say is the best cost/hash? thank you
April 10, 2014 1:12:47 PM

r9 270= 430-450k/hs for 169. on sale
r9-270x= 450-480 k/hs for 189. on sale
r9 280x= 730-780 k/hs for 289 on sale
hd 7850 = 330-400 k.hs for 139. on sale

My rule of thumb is 100. dollars per 300 k/hs
April 10, 2014 3:30:48 PM

WonkeyDoo2 said:
I'm interested in the results of the GTX 750Ti. I believe the low power usage will make these the ideal card to use for mining.


tourist said:
r9 270= 430-450k/hs for 169. on sale
r9-270x= 450-480 k/hs for 189. on sale
r9 280x= 730-780 k/hs for 289 on sale
hd 7850 = 330-400 k.hs for 139. on sale

My rule of thumb is 100. dollars per 300 k/hs


evga 750ti oc 60 watts with extra oc 320k/h one can't beet it thats 960 k/h for 3 at 180 watts
April 10, 2014 8:19:41 PM

150 ea = 450 for 900 k/hs two r9 270x will do the same k/hs for 378.
twice the wattage but cheaper to mine with and more profitable
a c 97 U Graphics card
April 10, 2014 10:42:22 PM

Twice the wattage is significant unless your elec is cheap or free. (its pretty cheap here, but some places its very expensive)
April 11, 2014 3:52:07 PM

True that is why the 750ti is king of watt/hash, but @ 150 buck thats .50 cents a k/hs

a r9 270 is .37 per k/hs
7850= .38
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