I just tried out my Fury X at mining Ethereum since it was going up in value. I was at 30 mh/s which is pretty good for a single GPU, but I learned what the other people on my pool were doing. 4~8 RX 480/580 outputting 150~200 mh/s, then using an entire warehouse of 1000 of these machines. I gave up since it looked like my rig might make 0.5 ether in a month. Just didn't seem worth it without a dedicated rig. Pretty good sales numbers for AMD again thanks to Crypto mining and thier better processing power.
I just tried out my Fury X at mining Ethereum since it was going up in value. I was at 30 mh/s which is pretty good for a single GPU, but I learned what the other people on my pool were doing. 4~8 RX 480/580 outputting 150~200 mh/s, then using an entire warehouse of 1000 of these machines. I gave up since it looked like my rig might make 0.5 ether in a month. Just didn't seem worth it without a dedicated rig. Pretty good sales numbers for AMD again thanks to Crypto mining and thier better processing power.
CEOs at top Fortune 500 companies make something on the order of $25,000+ per hour (assuming they were paid hourly and not on salary with huge fringe benefits). That doesn't mean I'm giving up my job because I'm not making as much as they are.
That being said, what it's worth to mine is somewhat subjective.
There's the impartial value of whatever Eth is going for (which has just tanked by 20%, if you believe the news, or fake news, whichever) - and there's the rate at which you can mine it with your given assets. There's the cost of electricity, HVAC, and wear/tear on your equipment. Those costs can all be calculated and can give you a definitive yes or no as to if there is a net positive worth to grinding out a cryptocurrency.
Then, there's a personal cost. If that's a non-dedicated, personal machine that you do other work on (be that actual work, or playing games, or what have you), then your either mining, or your using your computer, but not both at the same time (at least with the same efficiency). What your faith in cryptocurrency is - because it's a very volatile market right now, and still very much in the "Wild West" phase - Eth could get a few bad news stories and be totally irrelevent and worthless this time next year, or it could get a couple of good news stories and outpace Visa/Mastercard. - you just can't tell. How many other people are mining will influence the value as well, although that is more or less controlled by the algorithm with determines the difficulty of mining.
There's also the hassle of tweaking your machine (software, firmware, clocks, etc). There's the risk of dealing with an exchange to turn your Eth into cash/goods/services. You have to maintain a wallet, which isn't exactly as intuitive as the leather wallet in my pants pocket.
At the time of writing this, I'm showing Eth at $231.72 (with peaks over $310 recently). If you were able to crank out 0.5 Eth per month that would still be around $115/mo - which isn't shabby, if all things hold out.
I'm not trying to convince Cleffy to mine, or not to mine. Just pointing out a few considerations, but the fact that you may not be able to mine as fast as someone with a warehouse full of dedicated machines seems like it needed some additional rational to stand up with.
Comments
http://www.pcgamer.com/blame-cryptocurrency-miners-for-scarcity-of-radeon-rx-580-and-570-cards/
http://www.pcgamer.com/it-looks-like-cryptocurrency-mining-is-driving-up-nvidia-graphics-card-prices-too/
That being said, what it's worth to mine is somewhat subjective.
There's the impartial value of whatever Eth is going for (which has just tanked by 20%, if you believe the news, or fake news, whichever) - and there's the rate at which you can mine it with your given assets. There's the cost of electricity, HVAC, and wear/tear on your equipment. Those costs can all be calculated and can give you a definitive yes or no as to if there is a net positive worth to grinding out a cryptocurrency.
Then, there's a personal cost. If that's a non-dedicated, personal machine that you do other work on (be that actual work, or playing games, or what have you), then your either mining, or your using your computer, but not both at the same time (at least with the same efficiency). What your faith in cryptocurrency is - because it's a very volatile market right now, and still very much in the "Wild West" phase - Eth could get a few bad news stories and be totally irrelevent and worthless this time next year, or it could get a couple of good news stories and outpace Visa/Mastercard. - you just can't tell. How many other people are mining will influence the value as well, although that is more or less controlled by the algorithm with determines the difficulty of mining.
There's also the hassle of tweaking your machine (software, firmware, clocks, etc). There's the risk of dealing with an exchange to turn your Eth into cash/goods/services. You have to maintain a wallet, which isn't exactly as intuitive as the leather wallet in my pants pocket.
At the time of writing this, I'm showing Eth at $231.72 (with peaks over $310 recently). If you were able to crank out 0.5 Eth per month that would still be around $115/mo - which isn't shabby, if all things hold out.
I'm not trying to convince Cleffy to mine, or not to mine. Just pointing out a few considerations, but the fact that you may not be able to mine as fast as someone with a warehouse full of dedicated machines seems like it needed some additional rational to stand up with.