Archive for the ‘General Info’ Category

Be Careful Where You Buy Your Mining Hardware From

9, Jun 2017

We are getting reports for a new trend that is peaking up recently with all of the shortages with hardware due to the boom in mining. It seems that some retailers will happily sell you their stock of GPUs and will then tell you that they will not give you any warranty or accept RMA in case of a problem if you are going to be using the video cards for mining. At the same time they are happily willing to sell you not only the GPUs, but all other hardware that you may need to build a mining rig. The problem here is that instead of clearly pointing that they will not hold any warranty for products used for mining, they take your money, ship you the goods and then inform you that there will be no warranty if the hardware is used for mining. This is just not the correct way of doing business… though it is hard to confirm what a GPU was actually used for anyway, it sounds more like a threat to the customer than something that can be truly enforced.

The main concerns with hardware used for mining are regarding the GPUs working under heavy load 24/7. This makes them prone to more issues as they hold higher operating temperatures, fans are more susceptible to failure (especially if not good quality ones) and as a result the cards can fail. Base on our experience however if properly cooled and maintained the fact that a good GPU is used for mining instead of occasional gaming is not really a problem. Most of the GPU failures usually happen in the first few days and are often caused by some small defect that is prone to result in an issue sooner or later anyway. All in all it is important that miners take a proper care of their mining hardware in order to ensure its long and reliable operation and if they do it good enough, then the trouble they will have are going to much less than if they don’t…

The problem is that there are a lot of people that are getting into mining that do not care about anything, they just throw a bunch of video cards somewhere and start mining and when there is a problem they just RMA them. They do not care about proper cooling, optimizing settings for efficiency or performance or anything else, they just want to mine and make profit from as easy and as fast as they can. We know for a fact that one of the most common RMA reasons are failed fans of video cards that are under warranty, again here some vendors are to blame as they are putting cheaper and lower quality fans. If you have good dual ball-bearing fans that are well protected from dust and do not have an issue with increased temperature you are much less likely to get into trouble. We are however still seeing cheap fans with bushings instead of ball bearings and not very tolerant to higher operating temperatures being widely used on not so cheap GPUs.

This brings us to the 3 month warranty that Nivida is planning to offer for their GeForce GTX 1060 9Gbps based mining GPU. It seems that they are also worried that a longer warranty might not be cost effective for products dedicated for mining, but then again it also shows that they may not be that ready for properly making mining GPUs… just more cost effective solutions. On the other hand if you look at the warranty that ASIC miners do come with limited warranty. For example the Bitmain Antminer S9 ASIC miner does come with a 180-day warranty starting from the date the unit is shipped to you. Baikalminer has just a 30-day warranty for miners. In general the warranty you get for dedicated mining hardware may vary from none to up to about 6 months period. However this is clearly stated before you buy the product, and not you getting a nice and not so pleasant surprise after you pay for it and get it shipped to you for example.

AMD GPU Shortages May Continue Longer Than Expected

5, Jun 2017

We are hearing information from different sources that AMD may have more serious issues with supplying enough of its Radeon RX 500 series of GPUs on the market for the next couple of months. It is not all about the increased demand from crypto miners as it seems that that the company may be experiencing some other issues that are causing it to not be able to produce enough GPUs to cover the demand. Looking at Ethereum’s hashrate and difficulty data however does not yet show a significant slowdown in growth, but the reason for that could easily be the move of existing mining power from other crypto coins to ETH.

With AMD GPUs hard to get for a while now miners are looking for alternatives that are good for Ethereum mining and while Nvidia GPUs are generally more expensive, there are some that are interesting for ETH mining. We are talking about the GTX 1070 that can do 25 MHS stock and 30 MHS or even a bit more after some memory overclocking and it can do it with a reduced TDP. As a result some miners have started looking at GTX 1070 as a solution to use for new mining rigs, again it might be more expensive, but with the high profitability mining now with a more expensive GPU than waiting to possibly secure some cheaper AMD cards in some days or even weeks…

Other more powerful GPUs from Nvidia are not so great for mining Ethereum due to the use of GDDR5X video memory instead of GDDR5 that is found on the GTX 1070. The GDDR5X memory is faster in terms of clock speed and offers more bandwidth, but apparently uses less aggressive timings and as a result is not much faster than the “slower” GDDR5 memory. As a result if you are looking at GTX 1080 or GTX 1080 Ti for Ethereum mining their price/performance ratio is really not attractive at all as far as Ethereum mining goes. Nvidia on the other hand is faster on ZEC and many other algorithms, but then again people are currently crazy about ETH. So do your math and think about it and don’t overthrow the GTX 1070 as a good option for Ethereum mining.

Shortage of AMD Radeon RX 500 Series of GPUs on the Market

28, May 2017

With the switch from the RX 400 to the new RX 500 series (even if there is not much difference in hardware), AMD started having issues with availability. Older GPUs have been pretty much sold out where there were some left and the newer 570/580 models are pretty much out of stock everywhere. If there are some units left they are with an inflated price tag, because the people selling them want to make some extra bucks from the lack of availability and high demand. It is not known how long this lack of video cards will continue, but things were slowly progressing towards this negative outcome the whole month.

We are pretty sure that one of the reasons is mining and the recent peak of the price and profitability of Ethereum that inevitably leads to more and more new miners and mining rigs getting built. It seems however that AMD was really not ready for an increased demand after the release of the RX 500 series, even though RX 400 GPUs were already selling a lot. It may take a couple of weeks for things to get back to normal, unless the craze continues and unless AMD is actually having trouble making enough GPUs at the moment to cover the demand. Maybe the fact that the company is preparing for the release of their newer higher-end Vega solutions has something to do with the problem as well.

Miners are already looking at the alternatives of using Nvidia GPUs that are available plenty on the market, because they are not as good deal for Ethereum mining like the AMD cards in terms of price/performance. If you however take out the Ethash algorithm (Dagger-Hashimoto) out of the equation Nvidia’s Pascal GPUs are actually pretty good in terms of performance/power usage ratio… just not as good in memory intensive algorithms where GPU power is not required as much. Mining aside, gamers already have no other choice but to go for Nvidia if they are currently in the market for a new video card with AMD GPUs being out of stock.

The people that were mining a couple of years back during the Litecoin craze will most likely remember a similar situation where things got out of control for a while with the exchange rate of LTC exploding. This was only temporary as everyone was rushing to get into mining the top altcoin back then and then the price went down and things started to get back to normal. There are no guarantees that the same situation will happen again though, but don’t forget that we may be heading for a POW to POS switch for Ethereum by the end of the year…


top