Posts Tagged ‘ETH

ethereum-logo

The Ethereum project has released an official update regarding the next phase called Homestead that will need a hardfork and that will take place at block 1150000 or roughly around Pi Day (March 14th). Homestead is the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that requires the hardfork. This does not mean that Ethereum will be switching to PoS yet, Homestead will continue to rely only on PoW mining with Proof of Stake switch phase planned for a later time in the future. After the Homestead hardfork everything should continue to run normally as it is now.

The Go version of Ethereum (geth) for Homestead will be release 1.3.4 and includes the above mentioned changes to the protocol and network. Following the release of Homestead the Go team will also shortly come with the 1.4 release, which is our big feature release and includes months of work. The C++ version of Ethereum (eth) for Homestead will be version 1.2.0. Apart from the protocol and network changes, it also tries to be as compatible to geth as possible. So make sure you keep track of the development in the newt two weeks as you will have to upgrade your Ethereum client if you are running a local node or have a local wallet when the new versions with support for Homestead become available.

hashflare-ethereum-cloud-mining

The cloud mining service provider Hashflare has officially announced their plans to start offering Ethereum cloud mining hashrate with pre-orders already active and mining expected to start on March 21st. The contracts are with 1 year term with everything included in the price of the hashrate, so no extra expenses for the user. The price is set at $4.25 USD per 100 KHS (0.1 MHS) or with other words $42.25 USD per Megahash worth of Ethereum mining hashrate. There is currently a promotional offer for pre-orders that will allow you to purchase hashrate at a discounted price of $3.74 USD per 100 KHS or $37.4 USD per MHS (12% discount for the pre-orders) if you use the following promotional code when checking out HF16ETHER12.

The service is already offering Bitcoin and Litecoin cloud mining hashrate contracts, though both are being paid to users in BTC. Their new Ethereum cloud mining offer is apparently based on what Genesis Mining is already offering, though Hashflare apparently wants to attract customers with a lower price. The problem is that they have announced their plans about 1 month prior to actually starting to mine Ethereum and for that 1 month a lot can change – much higher mining difficulty or significant drop in price etc. that makes this investment riskier. There is also no information what will happen with the purchased hashrate in case Ethereum switches to PoS before the end of the 1 year term of the contract. So be careful when weighting in the pros and cons of this offer.

To check out the new HashFlare Ethereum (ETH) cloud mining hashrate available for pre-order…

ethminer-benchmark-280x

Ethminer 0.9.41-genoil-1.0.4b3 (source) is the latest release of Genoil’s CUDA miner forked from the official ethminer that is designed to work on Nvidia CUDA GPUs, but will also work on AMD OpenCL GPUs as well. The latest version adds some useful features for both AMD and Nvidia miners, though there is not much of a difference in terms of performance compared to older releases, so do not expect to see faster hashrate. In fact the hashrate on AMD GPUs has been decreasing over time due to the increasing size od the DAG files used by the miner for mining Ethereum’s Ether (ETH) coins.

The latest release contains more advanced benchmark options that allow you to check how performance changed or will change in time, there is an option to set a custom DAG storage folder and even support for stratum mining without a proxy, although currently limited to support only for Coinotron with more pools to come. We ran a quick test to check how the hashrate changed over time between block 1 and block 1 million of Ethereum on an AMD Radeon R9 280X GPU and on Nvidia Geforce GTX 970 GPU. As you can see from the results below the performance has dropped quite a bit on AMD, but has not changed on Nvidia, do note however that Nvidia-based video cards are slower in terms of mining performance for Ethereum… at least for the moment.

GeForce GTX 970:
Block 1 – 17.31 MHS
Block 1M – 17.31 MHS

Radeon R9 280X:
Block 1 – 25.95 MHS
Block 1M – 21.49 MHS

To download and try the latest Ethminer 0.9.41-genoil-1.0.4b3 for Windows OS…


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