Nvidia GeForce GTX 970 Hashrate - Miners Hashrates

Clearing up some confusion about cryptocurrencies, mining and when prices will go down.

I spend my last 6 months in a lot of cryptocurrency Reddits and informed myself about the topic. I read a lot of misinformation in the non crypto Reddits every day and because of that I am making this post to clear some things up and explain everything. Sorry for the wall of text, there will be a tldr; at the end
The Ethereum network pays out people who mine for them in Ethereum. The total daily amount of Ethereum giving out is more or less constant for now which means that if only a single person mines he gets everything, if a million person mine with the same hash power behind them everyone gets 1/1,000,000 of the reward, the reward itself does NOT increase, only the price of the ETH can increase.
Normally people would buy more GPUs until they reach a point of only a small profit compared to the energy costs and it would a reach a point of balance between total network hashrate and profit in USD (like it was in the last 3-4 years). The problem is that the price spiked multiple times way too fast and GPU manufacturing can't keep up which causes GPU prices to spike and delays this point of balance which results in MASSIVE profits for everyone who mines because the hashing power "supply" is capped. We are talking about 100$ a month with a SINGLE RX 480 right now (80$+ with power cost included).
Actually quite soon (yay). This is sadly a truth that not many miners know of (not to mention some are delusional... you will find them in the comments) and very few people think about. Even the popular Youtube channels have no idea about this. Before I come to the end of GPU mining first there are some numbers.
The current network hashrate is about 191TH/s and a total daily reward paid of 31,239,969$ in the last 24 hours. Because a single RX 480 gets about 28MH/s (pretty much average), we have about 6,821,428 GPUs mining ONLY Ethereum right now. If you every wondered how much money you need for a global GPU shortage the answer is about 30 million dollar daily.
Ok ok... the thing is the Ethereum network doesn't need your GPU power. It only uses it as a spam filter to make it harder to manipulate the network. You would need over 50% of the total hashrate to reliably fake transactions, think of it as a giant google captcha. You can easily replace that captcha with another one and this is exactly what Ethereum does in the near future. Proof of stake means instead of wasting GPU power you just stake your Ethereum and the more of your Ethereum you invest the more voting rights and rewards you get. If you are caught trying to cheat your whole money gets confiscated and donated to everyone else depending on their voting rights. Full proof of stake will probably be implemented late 2018 but just to be fair it already got delayed multiple times so there is no clear 100% date for it yet.
This is where the misconception starts. There is actually a second point of balance in all of this. All cryptocurrencies will always divide all the hashing power between them until they all reach about the same profit (people always switch to what gives the most profit). It may seem like there are a lot of profitable cryptocurrencies to mine but that is actually an illusion. Many of the smaller coins would be unprofitable after a few thousand GPUs because their total $ reward giving out daily is pretty small. The thing is nobody mines something that gives less profit so they switch. To sum it up Ethereum is basically the minimum payment job and everyone who goes below that wont find anyone willing to do the job until they get more profitable than Ethereum.
Now what happens if 6.8 MILLION RX 480 are jobless after a single update? They will all start mining something else. The problem is Ethereum has a GIANT majority in hashrate and all other mineable cryptocurrencies combined can't be profitable after Ethereum switches even if their prices spike by 10x.
OH HELL YEAH IT IS THAT BAD! Every heard of Monero? It is the cryptocurrency that caused the RX Vega shortage. Any idea on how much daily rewards they give out? A giant 1,504,249$ in the last 24 hours. Yes that is 20.7 times less and we are talking about the second biggest mineable coin out there. As soon as Ethereum fires all the miners everything will collapse and profit will turn NEGATIVE for a while unless you have free power. Q4 2018 is the end of mining for probably ever. Because the Ethereum code is open source and everyone can use it there will most likely be more coins that follow proof of stake after that (there already are some that already have it) so mining will most likely never come back.
There are many benefits. It consumes A LOT less power, it is most likely faster and people who hodl Ethereum get more Ethereum for just having it. Free interest rate hype! But the most important thing about this is that miners control the currency and every update to it. Sadly they don't have the same interests as people who want the crypto to succeed and improve. For example Bitcoin's block size is kept at 1mb even though increasing it was always the plan since 2009. Why? It's very simple. You can only fit X amount of transactions in 1mb and if it gets more than that only people who pay more get their transactions in faster which means more fews are being paid to the miners. While they make a fortune the currency suffers with spikes to 50$ for a SINGLE transaction (currently it's 18$). If the power goes to the ones having the currency they are directly interested in the well being of the currency which is better for everyone.
We will get the biggest GPU mass sell off in the history of the technology itself. I wouldn't be surprised to find a RX 480 for 100$ in December. Miners already made the price of the GPU back multiple times, they don't care about the price if they get at least something. This will be a GREAT time for buying GPUs. It already happened once in 2013? when ASIC miners got introduced for Bitcoin mining and all R9 290(x) got dumped on the market because they went from awesome miners to completely useless overnight. This time will be much bigger though because of the sheer amount of GPUs used for mining.
AMD did ramp up production last time with the r9 290(x) and got completely rekt. They couldn't sell the GPUs anymore and the used r9 290(x) were way too cheap to compete with. This time they are smarter and they just make as much as they can without investing too much while basically selling everything they produce for almost a whole year. Nvidia is about the same right now, they are just making bank without risking much. If you ever wondered why the 1070ti exists, it is basically a mining only GPU. The 1080 is horrible for Ethereum mining because of GDDR5X timings but the 1070ti has the same GPU power with GDDR5 non x. They only made this for more profit when selling to miners.... yet no reviewer called them out for this to my knowledge.
GPU prices will crash hard and the used market will have laughable low prices. These GPUs actually run undervolted, underclocked and at a low temperature the whole time because the bottleneck is the memory speed which means they are in EXCELLENT condition. Maybe their BIOS got flashed for better memory timing but you can just switch to the second BIOS or flash it back to normals. These will the GREAT to buy. Note that r9 290(x) and 390(x) GPUs should be avoided because they have such an overkill memory setup that their GPU core is the bottleneck (-> overclocked, overvolted and run at 90c+).
Well they will have a problem. Nobody will buy a 1180 if they can get a GTX 1080 for 200$ compared to something like 600$. Especially if Nvidia releases the 1180 while mining is still a thing. I guess they will wait with the 1180 or release a 1280 shortly after mining died with a really competitive price (if AMD can't compete they will just compete with themself...). Just think of the GTX 970 which got released with a 299$ MSRP and got actually sold at that price!
This got way longer than expected... well I hope you learned something. Just comment if you want to correct something or have a question. Most of these are assumptions based on thinking so none of this has to happen but is in my opinion very likely to happen.
tldr; Because Ethereum has almost all of the GPU power behind it and will fire all the miners in around Q4 2018 with the switch to proof of stake there will be a huge excess of GPU power and prices will crash hard.
edit: if you only care about numbers and facts and want a better distinction between assumptions and facts read my other comment https://www.reddit.com/pcmasterrace/comments/7rqkmo/clearing_up_some_confusion_about_cryptocurrencies/dsyzg6b/
submitted by Karavusk to pcmasterrace [link] [comments]

How to get started on GPU mining on Pizza Pool (gpu.pizza) [Nvidia/linux/ClosedSource]

Sunday morining the 0xBitcoin Discord got a surprise from @0xPiZzA...
hi guys. i am 0x778, again! has it gone a long time and you miss me? 8^D= i wait two more weeks since last time, want to check you to see if you are ready for gpu and 0xBITCOIN. today i am ready to release Closed Source GPU Miner for everyone, works for my new Mining Pool name " PiZzA Pool " ! \o/ new pizzaminer is ALPHA software : means speed good but has bugs. Linux only OS. new pool PiZzA Pool also ALPHA but in testing now, available for your to try. credit system is counting. automatic payment, i am building it now. XD lets GO for best! i am not support Help with this software, please figure it out. i believe you can do it. PiZzA Pool going to donate 2% to 0xBITCOIN project / Infernal Toast who will make Open Source Gpu Miner in competition with pizzaminer and Prevail in Triumph. .o/\o/ when you ready, more info : http://gpu.pizza/ :heart: Have Fun, Love 0xBITCOIN 8^D= ~~ 0xPiZzA :heart: 
GPU mining!!!
PiZzA pool - http://gpu.pizza/
Before we start...
THIS SOFTWARE IS CLOSED SOURCE
I DON'T OFFER ANY WARRANTIES ON THIS MINING SOFTWARE
USE AT YOUR OWN RISK
Yet the miner works and I've been paid by the pool (71.17318134 0xBTC):
https://etherscan.io/address/0x79c5BE8f4098208006C7940cF72dAE71738b39b6#tokentxns
1. Prepare your mining rig
Download required programs:
http://gpu.pizza/#download
https://www.ubuntu.com/download/desktop
https://rufus.akeo.ie/
Using this software is risky, but you can minimize the risk by planning. Ideally you want a sanitized GPU mining rig.
This means:
  • No private key!!!
  • No saved passwords!!!
  • No files you are not comfortable with losing!!!
Use this as a basic security audit if you have an existing GPU mining rig.
2. Download and Install Ubuntu
You can Google this.
I believe in you, you will figure it out. :-D
But get an .iso and use Rufus to make a bootable USB.
3. Install Nvidia Drivers
Don't download them from the Nvidia website. Use repositories instead. This guide worked for me: http://www.linuxandubuntu.com/home/how-to-install-latest-nvidia-drivers-in-linux
Make sure you are connected to wifi at this stage. The error message will not clue you into the fact that your internet is not working.
4. Run the pizzaminer software
Details are in the README.TXT. But essentially all you need to do is run the program. Make sure in properties it has permissions to exectute. Also run each miner in their own terminal instance.
http://gpu.pizza/download/pizzaminer-v0.0.1-alpha/README.txt
CUDA_VISIBLE_DEVICES=0 ./pizzaminer 0x0123AbC... CUDA_VISIBLE_DEVICES=1 ./pizzaminer 0x0123AbC... CUDA_VISIBLE_DEVICES=2 ./pizzaminer 0x0123AbC... CUDA_VISIBLE_DEVICES=3 ./pizzaminer 0x0123AbC... 
5. Configure Autostart
Inside the directory where pizza miner is create a file (autostart) that is executable and contains your payment address:
#!/bin/sh xterm -e -hold CUDA_VISIBLE_DEVICES=0 ./pizzaminer 0x0123AbC... & xterm -e -hold CUDA_VISIBLE_DEVICES=1 ./pizzaminer 0x0123AbC... & xterm -e -hold CUDA_VISIBLE_DEVICES=2 ./pizzaminer 0x0123AbC... & xterm -e -hold CUDA_VISIBLE_DEVICES=3 ./pizzaminer 0x0123AbC... & ... 
Then from Start>Startup Applications add the following task:
Name: Autostart pizzaminer Command: autostart (browse for file created above)
7. Optimization
v0.0.3 CPU optimization
Before the CPU was bottle necking the GPU utilization in certain cases. v0.0.3 fixes this and it's stable for me. With multiple cards on a Celeron G39XX you can expect a 50%+ boost in overall hash rate.
Overclocking (EXPERIMENTAL!!!)
This command should allow basic overclocking, monitor free initialization. Honestly haven't had much success in the overclocking department. Let me know if you do!
sudo nvidia-xconfig -enable-all-gpus -cool-bits=28 --allow-empty-initial-configuration 
6. Known Hashrates
GPU MH/s MH/s MH/s
Version v0.0.1 v0.0.2 v0.0.3
GTX 970 (40 MH/s) (55 MH/s) (75 MH/s)
GTX 1050 Ti (40 MH/s) (75 MH/s) (90 MH/s)
GTX 1060 (60-70** MH/s) (100 MH/s) (150 MH/s)
GTX 1070 Ti (90** MH/s) () ()
GTX 1080 Ti (140** MH/s) () (325** MH/s)
**unconfirmed
Please tell me your hashrates to add to this table!!!
If this guide has been helpful please consider donating:
(@Parsley) 0x79c5BE8f4098208006C7940cF72dAE71738b39b6
submitted by AnarchyKitty to 0xbitcoin [link] [comments]

Nvidia GPU Bitcoin Mining in Windows Bitcoin Mining on Windows 10 Nvidia GeForce 920M GPU ... Mining Bitcoin GOLD (BTG) on GTX 1070 - 495 Sol/s BitCoin Mining GTX 970 6 23 Dollar/Day NiceHash 2018 Bitcoin mining GTX 970 6.49 Dollar/Day NiceHash 2018 - YouTube

Hashrates.com is the leading reference site for checking GPU and CPU hash rates. You don’t have to be an expert – anyone interested in mining cryptocurrencies can use our Hash Rate calculator to get an accurate hash rate for a given algorithm with your hardware. Nvidia: MSI GTX 970 Hashrate : GeForce GTX 1080 Ti: 34 MHash/s: Ethereum: 250: 1800-Evga: Nvidia: Evga GeForce GTX 1080 Ti Hashrate : R9 290: 25 MHash/s: Ethereum-XFX: AMD: XFX R9 290 Hashrate : GTX 1070: 32 MHash/s: Ethereum: 150: 9675 -Gigabyte: Nvidia: Gigabyte GTX 1070 Hashrate : Radeon RX 480: 26.9 MHash/s: Ethereum: 78: 1100-Asus: AMD: Asus Radeon RX 480 Hashrate : RX 580 4GB MSI Gaming ... Tagged as:bitcoin energy consumption bitcoin to cash calculator cryptonight gpu ethereum mining hardware comparison fastest ethereum miner gpu hashrate ethereum gpu miner zcash gpu monero mining lbry coin mining mining decred monacoin Nvidia GeForce GTX 970 Hashrate orbitcoin pascal coin mining sibcoin mining UnderVolting Hashrate z cash miner Hello bitcoin community. I'm new to this bitcoin deal, so I had a few questions. I heard mining bitcoin with a GPU is more effective than a CPU. I recently built a new gaming PC with an i7 4790K and a GTX 970 graphics card. How effective would mining with either of them be? Like an estimate for how much $ worth of bitcoin I could earn without ... Hashrates and earnings for nVidia and AMD devices mining Ethereum, Ravencoin, Bitcoin Gold and Monero . hashrates.com. CPUs; GPUs; Coins; Algorithms; Check your GPU hash rates below. Although an ASIC can be built to provide optimal hashrates on an algorithm, the Graphics Processing Unit (GPU) is much more powerful than the CPU, and more flexible than an ASIC in their application. The GPU is ...

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Nvidia GPU Bitcoin Mining in Windows

Nvidia GTX 970 4G How to UNLOCK MAX memory clock power up to 4200 MHz - Duration: 6 ... Bitcoin Mining on Old Hardware; The Intel Celeron Coppermine CPU 900MHz - Duration: 14:28. AA Computers and ... To Mine Ethereum download either the older Claymore or Phoenix Miner and get a NVIDIA Driver that is Geforce 347.52 or older. Go to NVIDIA Control Panel and enable Optimize for Compute Mode ON ... ---Subscribe for more!--- --Share-- My Web : https://gamesunify.wordpress.com/ FACEBOOK: facebook.com/GameUnify My Chaneel : youtube.com/c/GamersChannel1 Twi... Bitcoin Gold mining Hashrate & Power consumption on RX VEGA 56 GTX 1080 Ti 1080 1070 1060 1050 Ti 980 Ti 980 970 960 RX 580 RX570 RX ... Bitcoin Mining Windows 7,8,10 Nvidia GPU Core i7 MethodIntromusic: www.bensound.com, www.panzoid.com Bitcoin Mining Windows 7,8,10 Nvidia GPU Core i7 Method ...

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