The very first thing you need to ask yourself is “What are my mining goals?” Gravely. This is significant. Is it to make the most profit? Is it to mine the most coins ter the shortest period of time? Is it to just have joy? Are you on a limited budget or have unlimited funds? The response to that question will dramatically switch the equipment you determine to build.
Mining with Speed (Hashrate) spil the Most Significant Factor
You can build a equipment that costs $50,000 and will mine cryotocurrency with incredible hashrates, but that machine will likely take 3-4 years just to pay for itself and require you to upgrade the electrical panel ter your house to feed it. Additionally, with this being an emerging market there is no assure the entire spel is even the same spel te a year. With that ter mind, if speed is your only concern then you should only look at the highest hashrate cards below. Power consumption and cost to acquire will not be part of the equation for you.
Mining With Profit spil the Most Significant Factor
When looking at mining for profits, it should be approached like any other business venture. The best GPU for mining cryptocurrency will be the one that has the best combination of hashrate, price, and power consumption. This is the card that will have the highest terugwedstrijd on investment overheen a certain period of time (usually 6 months). This undoubtedly will not be the fastest card on the market. You’ll also want to consider time of ownership and resale value. Either you will run thesis cards until they diegene, or you will substitute them annually with swifter hardware. Again, all te your ROI equation. It’s super significant to do your research and fully overlook YouTube comments, spil much of them are entirely wrong. You wouldn’t get stock market advice from YouTube comments would you?
Mining with Joy spil the Most Significant Factor
This is honestly where I think the best place to be is. Don’t get too worked up overheen the hashrates or the hundreds of combinations of builds. Just buy what you can afford (or ter some cases even find) and have joy with it. Attempt under/overheen clocking, under/overheen voltage, etc and just see what you can get your hardware to do. That alone can be superb joy. If you toebijten to make money while doing it then that’s fine too! If not, no big overeenkomst!
Where did I land?
I eventually made my decision to build middle ground inbetween joy and profit. I bought some things I wouldn’t have bought if it were solely for profit. For example I purchased a rather nice open air mining case. That added about $100 to the build. I could have lightly made that from scrap wood. I also bought a Noctua silent CPU cooler to reduce the noise to a level I could live with. I did feel the best GPU for mining te my case wasgoed the NVIDIA GTX 1060 because of its low power consumption, super low price, and welvoeglijk hashrate. I’ll make slew of money on it, but its also a nice machine and showpiece ter my office.
So let’s take the next step and pauze it down to the nuts and bolts and determine which is the best GPU for mining te your case.
The Best GPU for Mining: Hashrate
If you want the absolute highest hashrates you can presently get, then the NVIDIA Titan V is the master at a whopping 82 MH/s ter Ethereum mining! Of course this card costs a whopping $3000 each. Six Titan V GPUs te a miner would get you a 492 MH/s rate while setting you back a cool $Legal,000 USD. And with a power request of 250 watts you’ll be mining for 17 months before you pauze even. But then you don’t care about profit right?
The Titan V is prompt and sexy, and carries a hefty price tag to go with it.
The Best GPU for Mining: Profit
When determined the best GPU for profitability, things take another turn and get interesting ter a different way. Spil mentioned earlier wij’re looking for the lowest wattage (lowest power consumption) card that is affordable to purchase and has a decently high hashrate. My current pick for this is the NVIDIA GTX 1060. Many people will disagree and say the AMD RX 580. However, of this writing I can purchase the GTX 1060 for exactly half the price of the RX 580. This is of course due to request. The best GPU for mining is sometimes the one you can actually acquire at any given time. Request for the RX 580 has raised the price, making its ROI much worse.
The GTX 1060 has a hashrate of inbetween 22-27 MH/s (Ethereum) depending on overclocking, and which memory brand is installed on your card. The card consumes inbetween 90 and 100 watts of electric current. It can presently be purchased for toughly $250 on Amazon and Newegg. This gives you a break-even time of Three.Five months. Much better than a Titan V!
Since availability switches, prices switch, and you never know what will toebijten ter this plucky fresh world of mining I will list the best GPUs below ter order for your further consideration. Take your time and indeed examine the facts before making your purchase.
GPUs Sorted by Hashrate
Spil you can see the Titan XP is absolute monster ter hashrate spectacle.
GPUs Sorted by Purchase Price
The NVIDIA GTX 1060 is the clear winner ter the price wars.
GPUs Sorted By Power Consumption
Again the GTX 1060 is the clear winner ter power consumption.
Final Thoughts on the Best GPU for Mining
Spil you can see it takes some time and some decision making, depending on what your goals are. If you’re purely profit motivated, there’s a much different choice to make. Of course, if profit is everything you might just consider purchasing Ethereum rather than mining it ter the very first place. At its current growth rate it might just be a better investment than the hardware. Of course it could also go bust. Any investment or business comes with a certain amount of risk. All of thesis GPUs and numbers are based on a modest overclocking. See my article on overclocking GPUs for mining equipments for more information.
Take your time and determine what your priorities are, but most importantly just have joy and overlook the haters!
About The Author
Your host and resident “scientist.” Mike is the founder of The Geek Pub. A jack of all trades who simply likes the challenge creating things, whether from wood, metal, chemical, or lines of code ter a pc. Mike has created all kinds of projects that you can go after and build yourself, from a retro arcade cabinet to plantation shutters for your huis.