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Nvidia Is About To Steal The Cryptocurrency Mining Crown From AMD

/sigh it was meant as sarcasm.

Mining is doing just fine, just like pc gaming even though people have predicted its death for years now, hence my post after seeing several posts declaring mining as dead.

I know sarcasm doesn't work on the Internet, but I was hoping that was sufficiently obvious. Guess I was wrong :(

At least Boomstick got it.
 
So am I missing somethng 250kh/s for 60W or 200W for 750kh/s on a 280x.... but the 750ti will somehow turn the non existent crypto war in which nothing AMD has done with their gpu's was intended or designed for it?

People aren't limited by power or cost, but by sensibility, IE number of rigs. The goal is most kh per slot/per computer.

If you fit 6x 750ti's in a rig at 1500kh/s total, or 6 x 280x's at at 4500kh/s total? Mining is about logistics. The 750ti which is the newest(and thus not remotely surprisingly) best performance per W is MARGINALLY better performance per W in mining, to the tune that needed 3 entire computers and the space that takes up to bring in the same kh/s makes any "saving" in power worthless as you are now also paying for and powering 2 extra cpu's, mobo's, memory and usb/hdd's. So there is no power saving, it takes up three times the space at which point it becomes stupid to do so.
 
So am I missing somethng 250kh/s for 60W or 200W for 750kh/s on a 280x.... but the 750ti will somehow turn the non existent crypto war in which nothing AMD has done with their gpu's was intended or designed for it?

People aren't limited by power or cost, but by sensibility, IE number of rigs. The goal is most kh per slot/per computer.

If you fit 6x 750ti's in a rig at 1500kh/s total, or 6 x 280x's at at 4500kh/s total? Mining is about logistics. The 750ti which is the newest(and thus not remotely surprisingly) best performance per W is MARGINALLY better performance per W in mining, to the tune that needed 3 entire computers and the space that takes up to bring in the same kh/s makes any "saving" in power worthless as you are now also paying for and powering 2 extra cpu's, mobo's, memory and usb/hdd's. So there is no power saving, it takes up three times the space at which point it becomes stupid to do so.

And this is why Nvidia will not steal the Crypto mining crown from AMD ;)
 
Regarding why the OP,he has made a few GTX750TI threads today already. Not sure why.

Because each thread (2 of them) are addressing different topics, latest GPU news topics from different sources.. Although related to the 750ti wouldn't be read if all in one place. The amount of posts per thread shows that.

Back on topic,

If Nvidia can bridge the gap between AMD for mining, it's another reason to consider an Nvidia card over an AMD one. (AMD are selling tons due to mining). It's a good move from Nvidia's standpoint, especially if Nvidia can do it with a lower power envelope. Sure a lot of miners would prefer, less power using mining setups.
 
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I hope so. AMD prices will come back down again, tho the bad news for some will be that Nvidia prices will now go up and all the gamers will move from Nvidia to AMD.
 
I hope so. AMD prices will come back down again, tho the bad news for some will be that Nvidia prices will now go up and all the gamers will move from Nvidia to AMD.

People say this but its only 280X's which have inflated prices, 270's and 290 series won't get much cheaper.
 
You can buy dedicated mining hardware that isn't too costly and does far more then a GPU can for less power and heat (I think it was linked to in this forum months ago).

Did you see the thread with the guys basement full of AMD Rigs mining and the heat was killing his PSU's.


http://forums.overclockers.co.uk/showthread.php?t=18570976&highlight=basement

That hardware doesn't compete with GPU mining. Dedicated miners with huge hashrates are SHA-256 for bitcoin. The difficulty is already insane and only the latest miners can really keep up with the difficulty. Obtaining a new Asic soon is near impossible.

There have been attempts at Scrypt Asics but they don't have the value of most AMD cards when it comes to Scrypt mining after you consider the likely possibility of waiting months before receiving it. The 5gh/s miner by alphatech may cost $1,400 and seem amazing on paper but if you don't receive it for several months while difficulty is rising, then your profits go out the window.

Even if you do get it and your hashrate is still profitable, many other people will have them and the difficulty will be insane soon enough.

Then you take into account re-sale value. You will have no problem reselling any decent AMD GPU to gamers once it is not profitable mining with it. Once your dedicated miner is unprofitable, it essentially becomes a once expensive, electric powered brick.
 
People say this but its only 280X's which have inflated prices, 270's and 290 series won't get much cheaper.

Not here, the 280X has gone up by £30 on average, which is still a problem. But because you haven't put your prices up (By much) especially as you say is true for the 270 / 290 other UK Retailers haven't been able to.
so UK prices are still relatively low, 'relatively'

Relative to the US, where 280X have been selling for $600 and the 290 for $900, way way way over RRP.

As a result AMD are selling GPU's. perhaps even a 'little' more than they otherwise would have done, but, those buying AMD GPU's are not gamers. and because Nvidia GPU's are cheaper, in cases like the US much cheaper, thats where all the gamers are going.

Coin excavation has hurt AMD.

I can't afford a 280X now. and i want it for gaming!
 
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AMD should be happy that they are selling GPU's and regardless of who buys them. I understand the massively inflated US prices being called into question but again, supply and demand dictates.
 
AMD should be happy that they are selling GPU's and regardless of who buys them. I understand the massively inflated US prices being called into question but again, supply and demand dictates.

I don't really care about what AMD thinks, and i doubt they think this is good, they would be right.

All i care about is the fact that the GPU i want, which on release was in my price range. has now been pushed over what i have for a GPU, while the GPU i have is 10% more powerful than the one thats still at its RRP. there is a £120 price difference between them, thanks to mining.
 
I see 750ti price has jumped £6-7 since this morning so to quote Shang-Tsung "It has begun!" lol


So am I missing somethng 250kh/s for 60W or 200W for 750kh/s on a 280x.... but the 750ti will somehow turn the non existent crypto war in which nothing AMD has done with their gpu's was intended or designed for it?

People aren't limited by power or cost, but by sensibility, IE number of rigs. The goal is most kh per slot/per computer.

If you fit 6x 750ti's in a rig at 1500kh/s total, or 6 x 280x's at at 4500kh/s total? Mining is about logistics. The 750ti which is the newest(and thus not remotely surprisingly) best performance per W is MARGINALLY better performance per W in mining, to the tune that needed 3 entire computers and the space that takes up to bring in the same kh/s makes any "saving" in power worthless as you are now also paying for and powering 2 extra cpu's, mobo's, memory and usb/hdd's. So there is no power saving, it takes up three times the space at which point it becomes stupid to do so.

Steal the crown is not right yet but it has levelled the field for now (with high end Maxwell having a chance to steal the crown).

You see mining isn't about KH/s per slot/per computer it's about efficiency, unless you only plan on having one rig (which a number of people do but they're not exactly real miners, there like "gamers" with APUs), hence why people currently build R270 rig farms over R280/290 rig farms, a simple way to look at it is like this:

Rig1:

6x 280x @ £260 = £1560
1x Asrock BTC boards = £50
5 x Risers @ £15 = £75
1 x 1000w PSU = £140
1 x 550w PSU = £59
1 x CPU = £30
1 x 4GB Ram = £29

Total = £1943

6 x 750Hash = 4500KH/s
6 x 250w = 1500w (1700w at wall)


Rig2:

6 x 750TI @ £120 = £720
1 x Asrock BTC @ £50 = £50
5 x Risers @ £15 = £75
1 x 550w PSU = £59
1 x CPU = £30
1 x 4GB Ram = £29

Total = £963

6 x 300Hash = 1800KH/s (note: this will increase, Cudaminer isn't even upgraded for Maxwell yet)
6 x 65 = 390w (444w at wall)


The 280X rig costs £980 more, consumes 1256w more (1.256 KW/h) and does an extra 2700KH/s.

That's an extra ~£3300 a year at current prices, (£4575 if BTC was $800).
It's also £1,595.37 more in electricity, so ~£1700 more profit a year.
So as the 280X rig costs £980 more it makes ~£720 more in the first year then £1700 a year more thereafter.


The ace in the hole though, is that instead of buying a single R280X rig you could buy TWO 750ti rigs for £17 odd less. Then with investment basically equal the R280X rig only gives an extra 900KH/s for an extra 812w.

That's an extra £1118 a year at current prices. But £1031 more in electricity, so ~£87 more profit (£70 in first year).

So you see the difference is basically none existent (apart from the R280X rigs extra heat dump), Maxwell has levelled the field, and depending how the high end parts scale and how big a KH/s boost Cudaminer tuning gives could easily tip it.
 
I see 750ti price has jumped £6-7 since this morning so to quote Shang-Tsung "It has begun!" lol


Steal the crown is not right yet but it has levelled the field for now (with high end Maxwell having a chance to steal the crown).

You see mining isn't about KH/s per slot/per computer it's about efficiency, unless you only plan on having one rig (which a number of people do but they're not exactly real miners, there like "gamers" with APUs), hence why people currently build R270 rig farms over R280/290 rig farms, a simple way to look at it is like this:

Except you get into the general problems with logistics as above, anyone that has space for 2 rigs, has space for 2 rigs, meaning 2 x 280x based computers will yield more profit and more significantly it will yield more hashpower in important times like at launches of new coins. If you have space for 5 rigs, 5 x 280 rigs will do a lot more.

Ultimately the investment cost is next to irrelevant, any given "hash" will pay itself back at the same rate, one computer or 10 pay back in the same time, you just make 10 times more profit from the day after they pay themselves back.

Who would chose having a room or warehouse or anything full of 3 times as many setups, which also needs 3 times the amount of work, building, monitoring, testing, switching, etc, etc. It's more work for no reason at all.

No serious miner would build more slower rigs rather than less faster rigs, there is zero point in doing so.

As for efficiency, my 7970 doesn't use 250W and undervolts while overclocking significantly. Almost everyone who uses a 7970/280x is both overclocking AND undervolting to get less than 250W power usage. Likewise your numbers seem to bump up the 750ti from 250 to 300, a 20% bump over what I've seen stated.

As for the high end Maxwell, NO higher end card will be more efficient than a low end one. In reality at the lowest end you can simply choose the best balance for power usage, you pick a memory bandwidth and scale shader cluster numbers to perfectly use it. At the high end, say with a 7970, you need more than a 256bit bus so you spend power on a 384bit bus but don't saturate it. That will never be as efficient but with a 256bit bus it would be woefully unbalanced. High end you have to deal with max die size vs yields vs power and compromise low end you don't have any hard limit so you just make the most effective card in that bracket possible.

The likely hood is that if the newest to date card, that don't forget was launched in Jan 2012 only JUST, and I really mean JUST manages to match the 7970 for mining efficiency..... where do you think AMD's next gen might be. In fact, given their mining capability it could be an area they've been thinking about architecturally in that past two years for all we know. The next gen might spank the current gen silly. Nvidia's almost certainly most power efficient card on their next architecture is only on par with AMD's two year old architecture, that paints a picture of an extremely low likely hood that they'll match AMD's next gen architecture.
 
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