Posts Tagged ‘ETH mining

The first phase of Ethereum’s next major hard fork is planned to happen on less than a month around December 4th at block number 9056000. The hard fork called Istanbul is divided in two parts with the first one to be executed on December 4th and the second one planned for early 2020. The next hard fork called Serenity that will bring Ethereum 2.0 and switch the project from PoW to PoS may or may not happen before the end of 2020, so there is still time for that. Is is worth mentioning that on December 4th Ethereum (ETH) will not be switching its mining algorithm from Ethash to the much anticipated and still somewhat controversial ProgPoW as this is still planned to happen in the second Istanbul phase with the EIP-1057 scheduled for the first quarter of 2020.

If you are still mining Ethereum with ASIC miners or GPUs and the Ethash algorithm you will have more than just a month left, it could easily take up to another 6 months for ProgPoW to replace Ethash as the PoW algorithm, though it can also happen faster than that. Nevertheless this can signal the upcoming death of ETH ASIC miners as although there are a number of other projects using the Ethash algorithm, they will most likely not be able to handle the massive hashrate outflow from Ethereum if/when it forks to ProgPoW. On the other hand ProgPoW can also bring a change in the way GPUs are being used for mining as it is supposed to provide a more level playing field for the different GPUs in terms of mining performance. So definitely Ethereum’s upcoming hard forks will have a serious impact on the crypto mining sector.

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…

hitchpool

There have been quite a few new mining pools for Ethereum mining appearing in the last few weeks since we have last updated our list of Ether (ETH) mining pools, so now it is time to refresh things a bit. As you will probably notice many of the new pools are based on the Open Ethereum Mining Pool by sammy007 with some of them retaining the base design and functionality and others further improving things. Below is a list of the new pools for mining Ethereum and after that you will see a list of the older ones that have been available for longer and are more established and well known and we have already covered here…

Newer Mining pools for Ethereum (ETH):
Hitchpool – 0% pool fee promo, 0.5% afterwards, 0.1 ETH minimum payout, getwork and stratum support, no registration
AlpEreum – 0% pool fee promo, 0.2 ETH minimum payout, stratum support, no registration
Etherite – 0% pool fee promo, 1% afterwards, 0.5 ETH minimum payout, getwork and stratum support, no registration
Geteth – 1% pool fee, 0.2 ETH minimum payout, getwork and stratum support, no registration
Ethermine.Rocks – 0.1% pool fee, 0.5 ETH minimum payout, getwork and stratum support, no registration
MSKpool – 0.5% pool fee, 1 ETH minimum payout, getwork and stratum support, no registration

Older Mining pools for Ethereum (ETH):
ethpool.org
ethermine.org
eth.nanopool.org
dwarfpool.com/eth
www2.coinmine.pl/eth/
eth.suprnova.cc
www.coinotron.com
eth.pp.ua
ethereumpool.co
weipool.org
ethpool.utocat.com
ethereum.cryptopool.online
ethereum.miningpoolhub.com
eth.poolto.be
donkeypool.com

If you think that we are missing a pool or two feel free to drop us a comment with a link to the Ethereum mining pool, so that it can be included in the list as well…


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