AMD RX Vega Mining Performance Reportedly Doubled With Driver Updates

[Captain_Tom]

People are very naive if they still think this crypto mining business has any future for the average user. Is simple logic actually. The more people are mining the harder the process to get the crypto coins becomes. So, very soon actually, only big Enterprise mining companies will keep buying video cards for this purpose, since for the average Joe the investment would not be any more profitable anymore (initial cost+running cost).

That is when you switch to a different coin lol.

 

[Captain_Tom]

Yhea right. Let's just shut up and accept the lack of stock and inflated price. Let gaming pc or even video editing/3D rendering pc become something accesible to only the richest among us. Computers used to be a luxury after all. We've been too spoiled lately.

You will shut up and accept it, because you have no other choice.


Graphics cards possess immense processing power for the money, and it was inevitable they would inflate in price once applications started to make good use of their processing power. Nvidia has been trying to increase GPU prices for years simply because they are sick and tired of selling a 1080 for $500 when the professional version is being sold for $2000!

AMD didn't have the mindshare to demand higher prices, but now their cards are also finally being utilized for business purposes.

 

[Vya Domus]

I think you need to look at your own post again and question just about every line to see how many options you leave open, how oddly tunnel vision your "argument" is given the variables presented by yourself.

How about this line -> ...but I'm sure someone will disagree and explain to me how this is cryptocurrency is the messiah of money making..

Yup , spot on.

So you told me I am wrong , fair enough. Now how tell me why , because what you said is extremely vague at best and does not count as an argument in all fairness. Not even as much as "tunnel vision argument" and you know it.

 

[Steevo]

All AMD needs to do is either have an infinite amount of foresight to know if 1) their card will be great at a digital currency algorithm and 2) they have all the supplies in the world with the same fixed cost.

Other than that if they have a logic processor that happens to be better than the competition at calculating certain loads due to architecture and higher accuracy during specific computation workloads.... people will buy them and retailers will gouge buyers.

Why doesn't someone blame Nvidia for their mediocre performance per dollar? How about their love of substituting lower accuracy for higher performance unless its explicitly stated the pipeline must remain at 16 or 32 bit? How come no one makes a new ASIC that outperforms everyone elses?

 

[the54thvoid]

This thread is a double post-a-rama.

Learn to multi-quote people.

How come no one makes a new ASIC that outperforms everyone elses?

I read somewhere (maybe the back of a bus shelter) that some crypto-currencies are scripted so as not be readily ASIC mined, i.e. the ASIC miners have had their day to stop mass corporations mining for profit. This maybe why the run on AMD for mining has been so unbelievably strong as the ASIC rigs are out in the cold.

 

[Vya Domus]

All AMD needs to do is either have an infinite amount of foresight to know if 1) their card will be great at a digital currency algorithm and 2) they have all the supplies in the world with the same fixed cost.

Other than that if they have a logic processor that happens to be better than the competition at calculating certain loads due to architecture and higher accuracy during specific computation workloads.... people will buy them and retailers will gouge buyers.

Why doesn't someone blame Nvidia for their mediocre performance per dollar? How about their love of substituting lower accuracy for higher performance unless its explicitly stated the pipeline must remain at 16 or 32 bit? How come no one makes a new ASIC that outperforms everyone elses?

AMD is responsible for the mining craze , latest fanboy joke of the year.

 

[Captain_Tom]

AMD is responsible for the mining craze , latest fanboy joke of the year.

ikr? LOL


Look I get why people are frustrated, but there really is no one out there to blame. The only blame I can think of is to be annoyed that this surprised AMD/Nvidia yet again.

This is like the 3rd time their cards have sold out due to miners, and to be surprised by the THIRD time something has happened is completely ridiculous.

 

[EarthDog]

Sooooooo NVIDIA and AMD are supposed to know bitcoin markets/futures???? Come on now...

We cant be mad at either of them IMO.

 

[Vya Domus]

The only blame I can think of is to be annoyed that this surprised AMD/Nvidia yet again.

I doesn't even matter if they have been taken by surprise or not , it ain't their fault and there is nothing they can do other than to gain unlimited supply of wafers.

 

[dyonoctis]

You will shut up and accept it, because you have no other choice.


Graphics cards possess immense processing power for the money, and it was inevitable they would inflate in price once applications started to make good use of their processing power. Nvidia has been trying to increase GPU prices for years simply because they are sick and tired of selling a 1080 for $500 when the professional version is being sold for $2000!

AMD didn't have the mindshare to demand higher prices, but now their cards are also finally being utilized for business purposes.

Quadro price are justified for the added value that they bring for people making a living from content creation or scientific usage.
Geforce and radeon are mainly entertainement tool that can also be used for compute. Gaming card can do compute task just fine, but the developement of their driver isn't made with optimisation for the lastest rendering engine, or the lastest 3d software, it's focalised on games. You want a quick fix for a bug in maya ? You gotta buy a quadro or a radeon pro.

Both Nvidia and AMD have compute unit that were made from the ground up for heavy processing 24/24 7/7 for several years. But the average joe don't buy them, he can't afford it. Instead he's buying stuff that was meant for entertainement. And the demamd is higher than what the factory can put out. Hell even without miners, we already had issue with stock because manufacturing silicon becomes harder and harder. Mining need to have specific hardware that is cheap to make and got a low energy cost.

I'm also doing video edititing 3d rendering/compositing with my pc. So I was really glad to see opencl, cuda, bring more speed for those kind of task.

But for me mining doesn't hold the same value. Mining isn't something that you can enjoy on the long term with a single gpu, the more people that get on the band wagon, the more power it require. Mining hunger is growing way faster than the technology it's using. ETH is the cause of unprecedented energy drain.
Good thing laptop are not concerned by all of this. If their price had to increase because of all this we would have reached total insanity.

 

[efikkan]

40k (USD?) profit/year would be a gold mine for many folks.. A lot of people (myself included at the moment) earn less than that working a "real" job.

Really?
40k USD at the moment, but constantly falling, for a super noisy, high maintenance, high risk fire hazard in your basement or garage is a gold mine?

And as with all the other cryptocurrencies, by the time it's mentioned in public it's really too late to earn any real money mining. The ones making a real profit are the ones who mined thousands of coins when it was easy and unknown. You are going to earn less for every single new miner and every single new coin that's found, that sounds like a pretty bad investment.

It's not that hard to make a couple thousands bucks a month dealing in collectibles such as stamps, old video games, etc. But before you think you can make a living from such activities, you should take a closer look at what you'll earn per hour reliably…

That is when you switch to a different coin lol.

This will not go on forever.
And there is no guarantee that the cards you buy now will be good for any kind of mining for the next years. And it's not like these cards last for many years when doing mining 24-7.

 

[yotano211]

Oh no, more people are interested in the hardware we are interested in and thus the price goes up?!?!
I feel so betraaaayed!!!

Nooooooooooo

NOOOOoooo!!!!1111111

 

[yotano211]

Really?
40k USD at the moment, but constantly falling, for a super noisy, high maintenance, high risk fire hazard in your basement or garage is a gold mine?

And as with all the other cryptocurrencies, by the time it's mentioned in public it's really too late to earn any real money mining. The ones making a real profit are the ones who mined thousands of coins when it was easy and unknown. You are going to earn less for every single new miner and every single new coin that's found, that sounds like a pretty bad investment.

It's not that hard to make a couple thousands bucks a month dealing in collectibles such as stamps, old video games, etc. But before you think you can make a living from such activities, you should take a closer look at what you'll earn per hour reliably…


This will not go on forever.
And there is no guarantee that the cards you buy now will be good for any kind of mining for the next years. And it's not like these cards last for many years when doing mining 24-7.

Funny, I have 16 mining rigs and the last one to go down or restart was over a week ago (stupid windows update). In the beginning it was like a full time job for me but I gave up on the high overclocking and every card now is stock. 99% stable now.

 

[cdawall]

If this is true, I am ready to order 24+ from a local supplier near by.

I am looking at 18 units myself. Love all the complaining in the thread though. Magically all these people "were going to upgrade"

Funny, I have 16 mining rigs and the last one to go down or restart was over a week ago (stupid windows update). In the beginning it was like a full time job for me but I gave up on the high overclocking and every card now is stock. 99% stable now.

All of mine have the ram bumped and the tdp dropped only cards I still have issues with are the damn amd ones.

 

[cowie]

Funny, I have 16 mining rigs and the last one to go down or restart was over a week ago (stupid windows update). In the beginning it was like a full time job for me but I gave up on the high overclocking and every card now is stock. 99% stable now.

hope you don't mind me asking but how many gpu's per rig?


like say if I had just 4 580' going in whatever coin that's "in atm" any ballpark number on monthly profits?

 

[hat]

Funny, I have 16 mining rigs and the last one to go down or restart was over a week ago (stupid windows update). In the beginning it was like a full time job for me but I gave up on the high overclocking and every card now is stock. 99% stable now.

You probably actually earn more this way than you did before too, don't you? Less downtime...

@cdawall you got any 1070s with micron RAM? If so, what's your memory offset and power target for them?

 

[efikkan]

Bringing this thread back on track; the only way mining is going to have a substantial effect on supplies for Vega is if the supplies themselves are very limited to begin with. With a normal high volume card, mining sales would just make up a few percent of the shipped units. But if Vega is an attractive mining GPU, and the supplies are going to just be a few thousands, then surely it will be hard to get.

But make no mistake, even the most crazy mining rush will not be enough to make a good profit for AMD. I did my bitcoin mining before the big GPU rush there, but even that big GPU rush did not make a real impact on AMD's market position nor AMD's profits. Even if AMD managed to ship enough Vegas to meet any demand, the mining market is ultimately "capped", since each new coin makes it less profitable. Even with constantly new currencies, the demand for such GPUs are fairly limited over time. If Vega turns out to be 2-3× better at mining than current cards, that's just going accelerate the rush until it becomes unprofitable.

 

[cdawall]

You probably actually earn more this way than you did before too, don't you? Less downtime...

@cdawall you got any 1070s with micron RAM? If so, what's your memory offset and power target for them?

All of my 1070's are micron they are all stable at +65/+550/70% TDP that's good for 30mh/s

 

[dorsetknob]

a 30-day warranty,

Not in the EU not unless they want the EU up their ..........................unmentionable
And the EU is a Very Big market ( with consumer Protection Clout )

 

[nemesis.ie]

Really?
40k USD at the moment, but constantly falling, for a super noisy, high maintenance, high risk fire hazard in your basement or garage is a gold mine?

The original post, which I commented on only stated 40k profit/year. The assumption would be that includes the price/need to add cards, switching coins etc. i.e. earning 40k/year from mining versus a proper job - or even as an extra in one's spare time.

THAT is what I consider a gold mine ... free money for very little work. Actually that would be BETTER than a gold mine as real mining is pretty hard on one's body.

 

[dyonoctis]

I am looking at 18 units myself. Love all the complaining in the thread though. Magically all these people "were going to upgrade"



All of mine have the ram bumped and the tdp dropped only cards I still have issues with are the damn amd ones.

Well apparently you got the money to buy whatever you like at whatever price, no wonder that you would be oblivious to peasants whinning.
I don't care about vega, even the msrp would be above my budget. what really annoy me is how it's reaching even budget oriented market, and the incertitude about when it's going to settle down.

 

[Vya Domus]

The original post, which I commented on only stated 40k profit/year. The assumption would be that includes the price/need to add cards, switching coins etc. i.e. earning 40k/year from mining versus a proper job

That doesn't include the cost of the cards , and you never know how relevant ETH is going to remain relevant ,which is what I used as an example or any coin for that matter. Cards brake too. It's something too volatile for someone that isn't already very financially stable to invest into. Call it a gold mine , I wouldn't. You might just as well start betting.

As a side income it's OK but at that point it as far as it can get form a gold mine.

 

[GAR]

Lol at all the butthurt and blaming AMD as if AMD has ANYTHING to do with the "mining crisis".

You're mad, b/c AMD has had superior cards for many years (forever) for this particular workload.

Boohoo. Go cry to mommy, so she can buy you one.

Little Huang is laughing all the way to the bank. They don't even have to trick you. You're tricking yourselves. Go buy an Intel CPU why you're at, so you can really stick it to AMD (as if they're profiting from inflated prices...).

LOL who is this fool? get out of here you idiot.

 

[cdawall]

Well apparently you got the money to buy whatever you like at whatever price, no wonder that you would be oblivious to peasants whinning.
I don't care about vega, even the msrp would be above my budget. I just don't like how it's reaching even budget oriented market, and the incertitude about when it's going to settle down.

That was a stock issues. The lack of stock of for cards worth buying made budget cards looked at. Anything below a 1060/570 is a waste of money.

That doesn't include the cost of the cards , and you never know how relevant ETH is going to remain relevant ,which is what I used as an example or any coin for that matter. Cards brake too. It's something too volatile for someone that isn't already very financially stable to invest into. Call it a gold mine , I wouldn't. You might just as well start betting.

As a side income it's OK but at that point it as far as it can get form a gold mine.

Then you swap to a different crypto currency. Cards have warranties as well if they go down, box them up send them out and move on. The only cards I am seeing really have issues are ones run too hot or memory pushed too far. Most miners who do this to make money and not because tom's hardware had a thread about it massively drop TDP levels and wattage consumed so you are looking load wise at nothing more than a typical game might hit (often times it is lower than even that). Most of the algorithms worth money on a GPU mainly load the memory controllers.

As a side income it all depends what you are willing to invest. If you were to drop 100K into this yes it would a gold mine.

 

[Vya Domus]

If you were to drop 100K into this yes it would a gold mine.

But how many of these home miners drop 100k. Do you ? Who even has 100k to casually invest into something like this ? 100k is the kind of money a well paid job pays. Who would consider such an investment for some side income , a millionaire ?

My point is that this is really difficult to get into for most people and make a living out of it. Not a smart idea either.