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Rx480 prices.... mining?

I wanted to buy a 480 or 580 today for my old man's computer; his GTX 580 is dying.

There's Nothing in stock anywhere from reputable places. This whole mining thing is extremely annoying.
 
silversurfer said:
Does the mining require 8gb or is the cheaper 4gb versions of these cards fine, 3gb even for the 1060 I guess. I used to mine the scrypt coins a while back, the reason alt coins went up a lot is bitcoin is over flowing with transactions and cant handle all the business it needs to. Many then speculate alt coins will be taking over, Ether is possible overly favoured when work could also be done elsewhere.

There is also the nuclear option of not POW but POS which for those who do not know excludes miners, the work is done by deposit holders and does not require GPU at all. Its possible mining on pc becomes history by year end or sooner, not sure but roughly I know the POS wallets can handle all the work done (expensively) by GPU and bitcoin ASIC factories even.
Bitcoin transaction fee can be $85 or more which is stupidly worse then FIAT, POS networks will handle this under $1 and in a few minutes confirm it. Common sense says markets dont pay the ransom and will go low cost but I dont think it'll be simple transition
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Typically the 4Gb versions of the cards have slightly lower memory clock speed. They also come with different timings on the memory which means you can't just overclock them to match the speed of the 8Gb cards as it loosens the timings from anything higher than stock, resulting in less performance and it's the memory speed that really makes the difference when mining.
The good news is you can get around this problem by using Polaris bios editor and changing the timings which is fairly easy and this gives equal performance to the 8Gb cards.
 
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I remember one of the first times mining became popoular with Bitcoin. I tried it for a bit and bought 3x 5830s if I remember correctly and it worked quite well, I've mined about 30 coins in a month and sold them for around £20 each just before the bubble burst shortly and price dropped to around £5 thinking I've made the deal of my life as it paid for the cost of PC just to find out that few months later the price had increased to £600 ...

Let's just say I was not happy!

I'm thinking of buying a mining rig and just hoarding all the new coins now until difficulty increases and prices hike. The market options seem a lot more stable now as well I guess.
 
I Started my first bit of mning last night. Only using my main rig with a 1080. Set it running at 10pm and up at 6am and its made $2.50 with a prediction of $175 a month. :D Im starting to like this!
 
dazzlaa said:
I Started my first bit of mning last night. Only using my main rig with a 1080. Set it running at 10pm and up at 6am and its made $2.50 with a prediction of $175 a month. :D Im starting to like this!
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Wow, that actually sounds really good!

I have a couple of old Mac Pros sitting at work doing nothing... May hook them up and see if they can produce anything
 
I've got a GTX 950 sitting at work that does nothing most of the time. I have to admit I am a bit intrigued... It could run 24/7 with no electricity cost. Or indeed if really worth it, buy a 480 for it. I've had a look at how to do it but hell it looks complicated.
 
beany_bot said:
I take it you all get free electricity??
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My RX 480 uses under 100 W when gaming at 99% usage. If the GPUs use roughly that amount of power whilst cryptomining and if they were running in a server which was on 24/7 anyway, you're looking at ~900 kWh per year per card, which at 12p/kWh would be ~£110.

Talking of electricity prices, I'll be pretty depressed when my current plan ends in a few months. The best deals right now are nearly £100/year more than what I'm paying now!
 
DragonQ said:
My RX 480 uses under 100 W when gaming at 99% usage. If the GPUs use roughly that amount of power whilst cryptomining and if they were running in a server which was on 24/7 anyway, you're looking at ~900 kWh per year per card, which at 12p/kWh would be ~£110.

Talking of electricity prices, I'll be pretty depressed when my current plan ends in a few months. The best deals right now are nearly £100/year more than what I'm paying now!
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Get yourself a homemade wind turbine from an car alternator and a solar panel and run that puppy for free!
 
wow, makes me 1% guilty I have 2 XTR's that havent been powered on for two weeks haha . saw on a face book page someone got £290 for his Asus Dual 480 8GB within 15 mins ! insane
 
orbitalwalsh said:
wow, makes me 1% guilty I have 2 XTR's that havent been powered on for two weeks haha . saw on a face book page someone got £290 for his Asus Dual 480 8GB within 15 mins ! insane
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If we had more details about Vega I could probably sell my RX 480, go without for a month, then not have to pay much more for Vega. As it stands though, I have no idea how good it'll be, what it'll cost, or when it's coming out. So...
 
DragonQ said:
If we had more details about Vega I could probably sell my RX 480, go without for a month, then not have to pay much more for Vega. As it stands though, I have no idea how good it'll be, what it'll cost, or when it's coming out. So...
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personally would sell up and wait . heck ebay/MM for a £30 card to tie you over if needs be
 
Paying 6p per KWh here in N Sweden.

Its a fun hobby if you are fast you can make a few quid but as actual real currency its a joke.
 
Just sold my launch day reference gigabyte rx480/8gb for £1 less than I bought it for a year ago - at £238 or actually £9 more since they paid me £10 for postage and I got free postage from this establishment - and the bay had a no-final-valuation-fee promotion on too - so I get all the cash less the postage.

I would expect Factory OC versions with better coolers to sell for more but then they cost most in the first place.
 
So now I'm tempted to break one of my mining rigs and invest the money in something instead now. Damn decisions decisions.
 
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