News Biostar Fits Eight RX 580 GPUs Into 232 MH/s Mining Monster

[Admin]

The new Biostar iMiner A588x8D2 promises "hassle-free plug and play mining," with eight RX 580s delivering an ETH hash rate of 232 MH/s.

Biostar Fits Eight RX 580 GPUs Into 232 MH/s Mining Monster : Read more

 

[peachpuff]

Biostar says that it can deliver iMiner systems in "large quantities."

Dicks...

 

[cryoburner]

Remember a few years back after the crypto market crashed the last time, and RX 580s were discounted well below MSRP and bundled with popular new game releases as companies tried to get rid of their glut of inventory? Biostar must have found a bunch of leftovers in a warehouse and are trying to get rid of them before that happens again.

It doesn't really seem like a particularly good time to be investing in mining equipment built around nearly 6 year old graphics technology.

 

[InvalidError]

Biostar says that it can deliver iMiner systems in "large quantities."

Dicks...

Why send those cards for retail at $300 a pop when it can probably get $500 per GPU for itself and probably unload some other unwanted inventory like DDR4-2133 DIMMs, excess mining motherboards and more along the way by selling direct to miners as a pre-built 8-GPUs unit?

Sucks for consumers but great opportunity for SIs sitting on heaps of obsolete parts.

 

[watzupken]

Biostar has never been shy to sell mining hardware openly. They done it before, and they are obviously doing it again. While people may be upset with them, the truth is that the other AIB partners are probably doing the same. They just do it on the sly. Otherwise, why do you think the likes of AMD/ Nvidia and their AIB partners making record profits quarter after quarter when they have "supply issues/ low supply". The low supply is because the bulk of the supply is being sold to miners at a fat margin, with likely little to no after sales support (warranty), since these are destined for 24/7 work and will void warranty. Also, the increase in profit is not like 10% more each quarter, but record breaking profits.

 

[david germain]

isnt Eth leaving 'proof of work' soon.
Also what is a kW usage? 3.5Kw will get you 130Th/s+ Intel's new miner.

 

[InvalidError]

isnt Eth leaving 'proof of work' soon.
Also what is a kW usage? 3.5Kw will get you 130Th/s+ Intel's new miner.

While ETH may go PoS, you still need PoW to generate new blocks to stake so there will still be people mining to stake instead of mining for direct profit.

Also, Intel's mining chips are for Bitcoin, not ETH. Bitcoin has a low-footprint hash function which can be fully integrated within an ASIC by the hundreds per chip while ETH's DAG requires 5-6GB of memory, high bandwidth and low latency for each instance, hence its "memory-hard" (performance dictated by memory IO) classification.

 

[artk2219]

The RX 480 and 580 definitely missed their time to shine in the gaming scene, they were always more popular as mining cards. It's also kind of insane that 6 years after Polaris's launch, its still being produced new, and if you can actually find one for gaming, it still puts up a fight in the intro 1080P gaming market. That being said, it sucks that eight of these are going into one mining rig instead of 8 gaming PC's 😕 .

 

[david germain]

While ETH may go PoS, you still need PoW to generate new blocks to stake so there will still be people mining to stake instead of mining for direct profit.

Also, Intel's mining chips are for Bitcoin, not ETH. Bitcoin has a low-footprint hash function which can be fully integrated within an ASIC by the hundreds per chip while ETH's DAG requires 5-6GB of memory, high bandwidth and low latency for each instance, hence its "memory-hard" (performance dictated by memory IO) classification.

Cheers for clearing that up.

 

[david germain]

While ETH may go PoS, you still need PoW to generate new blocks to stake so there will still be people mining to stake instead of mining for direct profit.

Also, Intel's mining chips are for Bitcoin, not ETH. Bitcoin has a low-footprint hash function which can be fully integrated within an ASIC by the hundreds per chip while ETH's DAG requires 5-6GB of memory, high bandwidth and low latency for each instance, hence its "memory-hard" (performance dictated by memory IO) classification.

Just did a look with factoring in your new info. And Bitmain Antminer E9 will do eth mining @about 3Gh/s

 

[LolaGT]

The proof of stake thing is kind of a misnomer.
GPU based crypto mining isn't going anywhere for years yet, regardless of ethereum.
What the market will do as far as boom or bust is another thing entirely.

 

[InvalidError]

What the market will do as far as boom or bust is another thing entirely.

With Russia's invasion of Ukraine, world governments may get to find out exactly how difficult if not impossible it is to isolate Russia on block chains and be forced to make some tough calls there. Since any random person with an internet connection can generate block chain transactions from anywhere in the world, there is no amount of regulating crypto exchanges that can keep Russian crypto from mixing into block chains. I'm really curious to find out how governments are going to handle this realization.

The only way I can think of to clamp down on Putin getting around economic sanctions using crypto is for the rest of the world to ban crypto.

 

[TJ Hooker]

Just did a look with factoring in your new info. And Bitmain Antminer E9 will do eth mining @about 3Gh/s

As far as I can tell, you can't actually buy an E9 anywhere yet. So if this Biostar miner actually starts shipping soon, it'll be a better miner than the E9 simply by virtue of being available. I expect the E9 will cost way more as well.

 

[david germain]

With Russia's invasion of Ukraine, world governments may get to find out exactly how difficult if not impossible it is to isolate Russia on block chains and be forced to make some tough calls there. Since any random person with an internet connection can generate block chain transactions from anywhere in the world, there is no amount of regulating crypto exchanges that can keep Russian crypto from mixing into block chains. I'm really curious to find out how governments are going to handle this realization.

The only way I can think of to clamp down on Putin getting around economic sanctions using crypto is for the rest of the world to ban crypto.

i suspect there is a way of blocking them and tracking them online. i have seen code that tracks it though routers. so at a government tech level i imagine its not beyond the realms of possibility to block them.

 

[InvalidError]

i suspect there is a way of blocking them and tracking them online.

Tracking he coins is easy since everything is in the blockchain. Figuring out who own what piece of what blockchain however is between very difficult and impossible since any random person can create thousands of crypto wallets and those are anonymous until they get used with a service that requires verifiable ID or at least a shipping address. You'd need a global registry of crypto wallets where every vendor has to register the details of any buyer so other vendors can quickly look them out and lock them out if they are Russia-affiliated or unverified and unwilling to supply details.

 

[david germain]

Tracking he coins is easy since everything is in the blockchain. Figuring out who own what piece of what blockchain however is between very difficult and impossible since any random person can create thousands of crypto wallets and those are anonymous until they get used with a service that requires verifiable ID or at least a shipping address. You'd need a global registry of crypto wallets where every vendor has to register the details of any buyer so other vendors can quickly look them out and lock them out if they are Russia-affiliated or unverified and unwilling to supply details.

this seems like a great article. you don't need to block individuals.

 

[InvalidError]

this seems like a great article. you don't need to block individuals.

The problem is there is no easy way to tell legitimate trades by normal people who have nothing to do with Putin from people who may be lending their names or have their identities stolen by oligarchs laundering their crypto.

 

[david germain]

The problem is there is no easy way to tell legitimate trades by normal people who have nothing to do with Putin from people who may be lending their names or have their identities stolen by oligarchs laundering their crypto.

unfortunately i think nuance is out of fashion.