Best nvidia gpu bitcoin miner
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The most important factor of any GPU for crypto mining is efficiency — you want a high hash rate for as little electricity as possible. Take our highest recommendation here, for example. It won't win awards for the highest hash rate, but for the more affordable price, it'll get you up and running without issue. Then there's the AMD Radeon RX , which is perfect for those on a tight budget who wish to save a few Bitcoins or Ethereum to weather a financial storm.
You don't have to spend much at all to make money mining cryptocurrency. So long as the hash rate will pull in coins for you to sell and make enough to cover electricity costs, you're already in the green. Once you factor in a few months to pay off the GPU, you're in profit — and that's not taking into account the resell value of the card itself. When deciding on a GPU for crypto mining, you need to bear in mind a few factors.
Do you want to pay more upfront now and potentially earn higher returns? Or do you feel as though the mining scene will dissipate slightly with lower returns and wish to spend only a small amount on a GPU to make a little extra on the side? The cryptocurrency market is a financial one, and that means it's extremely susceptible to media coverage and human emotion. Take the damning environmental reports about Bitcoin that coincided with the Chinese crackdown to send the price spiraling.
The best-case scenario for miners is that the price of Ethereum doubles or triples or whatever, and then everyone holding Ethereum makes a bunch of money. Until people start to cash out and the price drops, triggering panic sells and a plummeting price.
That happened in with Ethereum, and it's happened at least three times during the history of Bitcoin. Like we said: volatile. Still, there are obviously plenty of people who believe in the potential of Ethereum, Bitcoin, and blockchain technologies. Even at today's inflated GPU prices with mining profitability slumping, some people are likely still making a go at mining. At least if the value of the coins drops, you still have the hardware that's at least worth something provided the card doesn't prematurely die due to heavy mining use.
That means, despite the overall rankings in terms of time to break even , you're generally better off buying newer hardware if possible. Even when profitability drops, GPU prices tend to take longer to come down. There's also a balance between time to break even and daily potential profits, but at this point we strongly advise against anyone investing more money into GPU mining.
Okay, sure, you can try to get ahead of the next wave, whenever that happens if that happens. For those still interested, we've considered the options and come up with this list of the best mining GPUs for Ethereum right now — things can change rapidly based on pricing and availability, not to mention the valuation of Ethereum and Bitcoin. Make sure you get one of the non-LHR models, though, or mining profitability with Ethereum is a lot lower.
The GeForce RTX is also worth a look, provided you can find one of the earlier models where the LHR lock was accidentally broken with older drivers for a good price. Mining performance is lower but efficiency and break-even time are basically the same as the XT. Just don't get the 4GB models! Of course these could be five years old cards by this point, and buying a used graphics card presents some obvious risks!
The RX is generally cheaper than the others and used a bit less power, making it the clear winner. Plus, when you're not mining, it's a very capable gaming GPU. The time to break even is pretty bad, but if you do get into the black it will end up with the highest profitability from that point forward. One final topic worth discussing is ASIC mining. Many crypto coins and hashing algorithms have been created over the years, some specifically designed to thwart ASIC mining.
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