AMD’s Radeon RX Vega is a crypto-mining beast

The 130W thing is unfortunately a myth. He measured the power draw wrong.
 
You're going to make more money buying a cryptocurrency than you ever will mining it.
 
Gtx Gaming said:
Unless you bought cards before the rush or running some antminers!
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Even with that the likelihood is low. Antminers are not cheap and the running costs for a mining isn't either, especially with rising electricity costs. Often by the time you've broken even on your investment you're going to have to invest in new mining hardware anyway just to remain competitive. There's been a period since January where BTC and Etherium absolutely made people a lot of money (and therefore paid off their hardware sooner), but the value of the currency seems to have been more stable recently and the chances of making any real gains now are reducing, especially with China declaring ICOs illegal.
 
Tharaxis said:
Even with that the likelihood is low. Antminers are not cheap and the running costs for a mining isn't either, especially with rising electricity costs. Often by the time you've broken even on your investment you're going to have to invest in new mining hardware anyway just to remain competitive. There's been a period since January where BTC and Etherium absolutely made people a lot of money (and therefore paid off their hardware sooner), but the value of the currency seems to have been more stable recently and the chances of making any real gains now are reducing, especially with China declaring ICOs illegal.
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Just curious, surely the ban on ICO should mean more profits from my viewpoint ... the Chinese will need to power down miners, reducing difficulty, and increasing currency return ... the ICO ban seems to have only fractionally affected prices, they seem to be recovering .. more crypto at same price should equal better profitability in my view ?
 
Tharaxis said:
Even with that the likelihood is low. Antminers are not cheap and the running costs for a mining isn't either, especially with rising electricity costs. Often by the time you've broken even on your investment you're going to have to invest in new mining hardware anyway just to remain competitive. There's been a period since January where BTC and Etherium absolutely made people a lot of money (and therefore paid off their hardware sooner), but the value of the currency seems to have been more stable recently and the chances of making any real gains now are reducing, especially with China declaring ICOs illegal.
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I'm really confused about what you're trying to say.
You seem to indicate that investing in crypto will net you more gains than mining, yet you talk about the fact that the price gains are all but over right now and the price is stable. If mining a single antminer nets you $1000 a month in crypto, what are you saying you should be investing and where should you invest it to net you the same $1000 a month?
 
Sabre Wulf said:
I'm really confused about what you're trying to say.
You seem to indicate that investing in crypto will net you more gains than mining, yet you talk about the fact that the price gains are all but over right now and the price is stable. If mining a single antminer nets you $1000 a month in crypto, what are you saying you should be investing and where should you invest it to net you the same $1000 a month?
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Without derailing, which miner are you using to net 1k USD .. scrypt or dash ?
 
To quote the MyBb article,

According to benchmarks from HotHardware, the RX Vega 64 delivered 30.37MH/s, while the RX Vega 56 reached 29.3MH/s.

AMD then released a beta blockchain-focused driver, which aimed to optimise Radeon cards for cryptocurrency mining.

After installing the drivers and optimising the graphics cards for maximum performance, the RX Vega 56 reached higher hash rates than the RX Vega 64 while drawing less power.
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From the HotHardware article,

Interestingly, S1L3N7_D3A7H wasn’t even using AMD’s beta mining driver, but had instead installed Radeon Software Crimson ReLive Edition 17.8.2. According to him, he witnessed display corruption with the beta mining driver and “other stability issues”.
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but yah, little adds up here seeing the power draw.
 
Translation: Yet another card that gamers will not be able to buy. Not that anyone cares...
 
I played around with mining briefly, but stopped when I found out UK banks don't support cryptocurrency and getting any money out was going to be more effort than it was worth.

Question though: how sustainable is it really if you're not running one of those house-size farms (because they're the ones making a killing)? In the long run are you just making some extra beer money every week, or are you seeing a tidy return?
 
The Voice said:
I played around with mining briefly, but stopped when I found out UK banks don't support cryptocurrency and getting any money out was going to be more effort than it was worth.

Question though: how sustainable is it really if you're not running one of those house-size farms (because they're the ones making a killing)? In the long run are you just making some extra beer money every week, or are you seeing a tidy return?
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No one can really tell.

What I can say is that there is more than 1 profitable currency at this stage which makes it worth while for now.
 
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