Expected Ethereum Hashrate of the New AMD Radeon RX 470 GPUs 2, Aug 2016 The new AMD Radeon RX 470 GPUs are supposed to start hitting the market in a few days and since their bigger brother – the RX 480 has turned out to be a good choice for Ethereum mining, although it did not perform that good in other algorithms, people are interested in how well the RX 470 does.We got a tip from a reader that apparently has an RX 470 8GB video card in his hands already and along with the information that was sent there was also a screenshot included to show the Ethereum mining performance he is getting.The hashrate at stock settings for the GPU shows 24.5-24.6 MHS mining with Claymore’s Dual Miner (only for ETH) and this is pretty much what the Radeon RX 480 does with the default settings.So it seems that the slightly lower number of Stream Processors in the RX 470 did not result is drop of hashrate at least for mining Ethereum (ETH) as it is a more memory intensive algorithm, do note however that it should affect performance in other more GPU-intensive algorithms.

Unfortunately we don’t yet have any information regarding the performance of the RX 470 in other algorithms, but we should in a couple of days when we manage to get our hands on the new AMD video cards.Do note however that there is a catch in this result being the same as on Radeon RX 480, the reason for the same Ethereum mining hashrate hides in the video memory.As we mentioned the results shown on the screenshot are from an 8 GB model of RX 480 that apparently has the video memory running at 8 GHz (the same as on RX 480 8GB models), so the same performance is to be expected.There will however be AMD Radeon RX 470 GPUs with 4GB of video memory where the operating frequency could vary between 6.6 GHz and 7 GHz and these should have lower performance for Ethereum.The expected hashrate in mining Ethereum is more like around 20 MHS for the 6.6 GHz video memory and about 21 MHS for the 7 GHz models.So should you buy RX 470 8GB models with 8 GHz memory instead of RX 480 8GB models with 8 GHZ video memory if you are interested in mining Ethereum, Ethereum Classic or another crypto currency that uses ethash-based algorithm?

Don’t be in a hurry to do so, because while most RX 480 cards with 8 GHz video memory could easily hit 8.8 GHz or 9 GHz with overclock it is highly likely that the RX 470 cards could be more limited in their overclock capabilities.bitcoin difficulty 2009Another thing to note is the price difference between the RX 470 and RX 480 for the 8GB models with 8 GHz video memory, if it is not big enough the 480 could remain the better choice.bitcoin nieuws nederlandIn: General Info Tags: AMD Radeon RX 470 Dagger-Hashimoto hashrate, AMD Radeon RX 470 ethash hashrate, AMD Radeon RX 470 Ethereum hashrate, AMD Radeon RX 470 hashrate, AMD Radeon RX 480, MD Radeon RX 470, Radeon RX 470, Radeon RX 470 hashrate, RX 470, RX 470 Dagger-Hashimoto hashrate, RX 470 ethash hashrate, RX 480 Ethereum, RX 480 Ethereum hashrate, RX 480 hashrate, RX 480 mining, RX 480 mining hashrate Read More (2) Commentsbitcoin zorluk

Guide for Bitcoin & Litecoin mining by Janika Kouki If you are looking to mine Bitcoins or Litecoins with Minergate pool, here are some useful instructions from the member of our team Janika.riot games bitcoinMy name is Janika and I am very fresh in the world of cryptocurrency.wager with bitcoinI have never tried to mine one of the “major” cryptocurrencies and today I want to prove you that it is not that difficult even for a novice.ethereum 1060 gtxJust put your mind to it, I will do my best to help you.First of all, you need to know that your mining performance will depend on your hardware.Litecoin and especially Bitcoin require powerful resources to be mined profitably.There are several possibilities to choose from.First of all, you can use the hashing power of your CPU (central processing unit) or GPU (graphic processing unit), by which I obviously mean graphics card.

It is safe to say that you will get better results using the latter, but of course you are free to experiment.The third option appeared in 2013 when hardware developers from China released first ASICs (application-specific integrated circuits) to mine Bitcoin even faster.Simply put, an ASIC is a microchip that makes the required calculations extremely quickly.The first cryptocurrency became quite famous in 2011 when Bitcoin reached the price of about $1000.More and more miners joined the network, the difficulty rose and you could run your hardware for weeks without being able to find a single block mining solo.It was a waste of power and money, so miners started to gather into mining pools.MinerGate is one of those mining pools.The miners form a network to combine their computing  powers and have a better chance to find a block.The reward is then spread evenly between the participants of the pool depending on the hashes sent.The more powerful hardware you have, the more hashes you will send.

The competition is very high, so I strongly advise you to do some research before you start mining any of the coins.There are lots of forums where miners share the results they get, you can also create a topic on our forum and discuss the possible outcome for your hardware.The producers of ASICs usually mention the potential hashrate on the package.I can also advise you to visit the pages with hardware comparison: Miners often ask me how to set up Bitcoin or Litecoin mining on our pool.Well, here is the answer.Bitcoin mining is available on MinerGate in a form of cloud mining contract.It means that you are leasing the power to mine Bitcoin and don’t set up anything yourself.We’ve covered more on the subject in one of the blog posts.You can create a contract on this page.Download a miner that supports Litecoin mining.There are lots of programs available with console or graphic interface.Your final choice depends only on your personal preferences.Connect to MinerGate pool using this address: 3.

The settings may vary depending on the miner, there is no universal recipe here.Usually you can find the information on the website/forum thread where you download the application.Your pool login is the email for your MinerGate account.Instead of password, just enter x.In theory it all seems relatively simple and clear.To prove that anyone can do it, I tried it myself in practice.l am writing this article on a simple laptop, which also became my testing mining rig.Maybe it’s not the perfect machine for mining purposes, although please remember that I do this purely for research.CPU is the only way to mine for me, so I needed to find an application for CPU mining.It wasn’t that hard: there are multiple solutions available.Of course, GUI miners are easier to use but I refused to cut the corners or look for an easy way, so I downloaded pooler’s CPU miner, which works in console mode.Chrome recognized it as a malicious software, so I went to the advanced settings and disabled protection provided.

If you need to do it as well, don’t forget to reenable it after the download, as there are lots of phishing sites, better safe than sorry.At first, it was quite difficult for me to get used to command line interface, although I wanted to prove that any newbie can succeed with the right attitude.I did my research and managed to figure out the settings.The miner I used provides help if you enter –-help, there you can find all the commands available.In my case, the settings looked like this: I pressed Enter and it worked!In a couple of minutes I got the first “yay!”, which means that I found a good share.It was one small step for Litecoin mining history and one giant leap for me.Q.E.D., I’ve proven it – a complete newbie like me with a regular laptop like mine can actually set up mining of one of the major cryptocurrencies.When the sense of wonder gave place to reason and I got a couple of “booos” (bad shares), I cooled down a bit and decided to calculate my potential income in the MinerGate’s Mining Profitability Calculator.

The hashrate my laptop was able to reach for Litecoin was about 14-16 kH/s, which seemed really surprising at first as I could get only about 20-22 H/s for Bytecoin, for example.I entered my best hashrate (16 kH/s) and held my breath… What?Only $0.00047 a day?Okay, still must be more than what I would make of 22 H/s on one of the CryptoNote coins.As you can see, I would have made about 20 times more mining the most profitable CryptoNote currency for that moment even if I had seemingly about 700 times less hashrate than mining Litecoin.What is the trick here?Different algorithms reach very different hashrates on the same hardware.Bitcoin is based on SHA-256, Litecoin is based on Scrypt and most of the coins from our pool are based on CryptoNote (technically, it’s CryptoNight and CryptoNote is the technology it is based upon).CryptoNote is a solid choice for CPU mining, GPU performance may vary.You can try for yourself and share your results with us.The developers deem the algorithm to be a base for egalitarian cryptocurrencies that anybody can mine, that’s why it is also ASIC-resistant.