Ethereum... so slow

[Patrick]

I decided to put one mining rig to mine 1 ETH. Very slow project despite averaging over 320MH/s.

I let this one go. Now I am at the point where I want to mine something else but I will likely let it ride until 1 is complete.



Testing https://hub.docker.com/r/servethehome/ethereum/ out.

 

[Klee]

I decide months ago that the difficulty it too high for my taste.

 

[ServerSemi]

What are you mining with?

 

[Patrick]

What are you mining with?

Single server with Genoil

 

[MiniKnight]

That's gotta be unprofitable now that ETH is down 16% today.

 

[Patrick]

@MiniKnight you are right. It is much less so.

 

[msvirtualguy]

Sorry guys...I knew this would happen as soon as I was getting on board, this shit always happens......

 

[Patrick]

With some of this stuff, you need to look at it a bit differently. For example, XMR/BTC hitting 0.0170 today was a buy trigger which did fairly well. I had been waiting for that to hit for a few weeks now.

Also, what ends up happening is that marginal miners will stop after a few days of poor pricing if it does not recover. As a result, by the end of the week prices/ difficulty stabilize.

When I was at 30KH/s for Monero I loved when the network difficulty would drop.

 

[msvirtualguy]

Well I can tell you i'm not out, that's for certain, I have an investment I need to recoup on ....lol.

Either way, gotta watch it all closely and will diversify.

Just waiting on the rest of the GPU's and Motherboard now.

 

[modder man]

Single server with Genoil

Patrick what is this single server? 320MH is pretty good for a single box. Those don't sound like consumer GPU's lol.

 

[Patrick]

@modder man sorry missed that. DeepLearning11 is the machine. Finally, 1 ETH mined.

 

[ELit3]

I decided to put one mining rig to mine 1 ETH. Very slow project despite averaging over 320MH/s.

I let this one go. Now I am at the point where I want to mine something else but I will likely let it ride until 1 is complete.

View attachment 5957

Testing https://hub.docker.com/r/servethehome/ethereum/ out.

How do you know what pool to mine? I'm using the 1050's Ti and I'm only having like 24.4.

 

[MiniKnight]

Maybe need faster gpus

 

[ELit3]

Maybe need faster gpus

hmmmm I'm using the 2x NVIDIA GTX 1050 Ti 4GB (PNY) = 297H/s

I'm doing worse than @Patrick

 

[Klee]

Too late to mine Eth.

 

[keybored]

hmmmm I'm using the 2x NVIDIA GTX 1050 Ti 4GB (PNY) = 297H/s
...
I'm doing worse than @Patrick

As I recall, Patrick used something like a dozen 1080 ti cards to reach that hashrate. You're not going to even come close to that number with two 1050 ti cards. That's like bringing a slingshot to a bazooka fight...