Posts Tagged ‘AMD mining

Luxcore (LUX) project also known as LUXCoin previously has announced their plans for an upcoming fork that will replace the currently used PHI2 algorithm to a new one called RX2 (essentially a variation of the lately popular RandomX algo). RX2 is Luxcore’s version of RandomX that has some small modifications to the RandomX parameters in order to suit some specific requirements (details are not yet revealed). The exact date for the introduction of the new algorithm has not been revealed yet, so it is sill “in the coming weeks”. This marks yet another crypto project that is going towards the RandomX algorithm in order to fight with FPGA and ASIC miners.

Since the RX2 algorithm is based on the RandomX it will also be more CPU-friendly for mining (will require a separate miner support apparently) as it will not work with any of the miners that currently support RandomX. It seems that so far the RandomX algo favors AMD’s latest multi-core Ryzen 3 CPUs in terms of performance over Intel’s products that are much more widely spread and used mostly by miners in the last years. This could help AMD’s sales of new processors if mining for RandomX picks up and offers decent profitability which is still not the case for the moment. If more projects move towards RandomX or variations of the algorithm, like LUX is apparently doing, the interest and prfoitability might as well skyrocket and spark a new wave of CPU mining oriented rigs to be built.

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…

With the recent craze with the price of Bitcoin as well as many altcoins rising up there is a huge wave of new GPU mining rigs as well as new crypto miners getting into the game. We already know that there are shortages of the very popular AsRock H81 Pro BTC motherboard for 6x GPUs for a couple of months now, but even more recent and more expensive motherboards with 150 and 250 series of Intel chipsets that support up to six video cards are also disappearing from the market. Next are probably the high-end gaming motherboards with 6x PCI-E slots that will work with six video cards if the trend continues. The Pro BTC motherboard from AsRock is hugely popular as it was designed for GPU mining and works out of the box, for other motherboards you need to usually do some tweaking of the settings and not all models have the right settings available in the BIOS or may have some specific issues. Another serious advantage of the Pro BTC series is the price, no extras not needed for mining means lower price point, though at the moment the demand and speculation has risen the price of these boards as well (if you manage to find one).

It is quite interesting why when there are shortages of H81 Pro BTC motherboards AsRock still hasn’t found a solution such as releasing a version of their mining motherboard with more up to date Intel chipset such as B150 or B250 for example. It seems that the competition is also trying to take advantage of the situation and grab some of the market that was up until recently dominated by AsRock. Such an example is the recent release of the Biostar TB250-BTC motherboard. The problem with Biostar however is that the brand has a much limited distribution when compared to AsRock and thus is harder to find, not to mention impossible for many markets around the world, so this is actually not a solution to the problem.

AMD’s new Ryzen motherboards are showing some potential for possible use for GPU mining rigs, however there is one serious issues with that platform using the new AM4 CPU socket and that is the lack of cheap low-end processors. That is precisely why Intel is the preferred platform for GPU mining – cheap Celeron processors that do the job well and not so expensive motherboards, though with the lack of AsRock H81 Pro BTC boards the expenses for a motherboard have risen as well. Maybe when AMD introduces lower-end Ryzen APUs things might get more interesting for the miners as well, especially if things with the availability of cheaper Intel motherboards that work for six video cards do not improve meanwhile. Even the cheapest AMD Ryzen 5 CPU at the moment, namely the 4-core/8-threads AMD Ryzen 5 1400 is too expensive for miners when compared with Intel Celeron G1820/G1840 for Socket 1150 or Intel Celeron G3920 for 1151 for example.

With the switch from Radeon RX 400 series of GPUs to the new (rebranded) RX 500 series AMD has also gotten into a bit of trouble with the increased demand from miners. The older RX 400 series of video cards are quickly disappearing and there may not be enough RX 500 series on some markets to cover the demand until the company manages to deliver steady supply everywhere. As a result we have seen some markets that end up with higher priced RX 500 series of GPUs when compared to their RX 400 counterparts when there is actually not much of a difference. Smaller markets are also experiencing serious shortage of video cards due to the increase in demand. Nvidia on the other hand has plenty of GPUs available, however miners are not that much into mining with Nvidia-based video cards due to the higher price, even though they generally are more powerful and use less power in most algorithms. The higher price of Nvidia GPUs combined with the not so great Ethereum (Ethash) mining performance however is driving the demand for AMD GPUs and the recent spike in ETH price has made things even worse in terms of Radeon GPUs availability. Guess we’ll have to wait and see how things will go, but if the price of crypto currencies continues to rise like it has been recently things may get even worse.


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