Best GPU for Mining Ethereum: Among cryptocurrency miners Ether or Ethereum is one of the most popular crypto coins. Ethash algorithm is used to mine Ether, which can be used with a powerful graphics card.
For Ethereum mining to be profitable, one needs the right equipment for this purpose. Important device selection plays an important role in determining how useful the devices will be.
Things you should know in advance
If you are new to ether mining, you should know a few important things and chose the best GPU for mining Ethereum:
Ethereum Proof of Stake Update
The developers of Ethereum plan to upgrade to Proof of Stake using an algorithm known as Casper. This switch to Casper makes mining of Ethereum impossible or significantly reduces rewards, so stay tuned for the latest developments.
The good news is that this update only applies to Ethereum. This does not affect other Ethash coins and therefore your card works correctly when you are digging other Ethash coins.
Video memory requirements
Another thing is video memory you should be aware of before you buy mining equipment. The mining of Ethereum is linked with a special file called DAG (directed acyclic graph).
Without going in detail, DAG is a file created on 30,000 blocks in Ethereum. Because DAG is stored in the video card memory so the video card you have or your purchase must have enough random access memory (RAM) to load DAG.
For this reason, you can mine Ethereum only with cards that have at least 4 GB of video memory. However, this does not apply to other Ethash-based currencies. So if you have an old 2-3 gigabyte (GB) card at home and are new to mining, you can try it with other crypto coins first.
Hardware requirements for Ethereum mining
Although the graphics card can be the most important part of the Ethereum mining, your system hardware must meet certain requirements. You must have this:
- Ethereum mining equipment requires 4 GB of RAM.
- There should be sufficient PCI-e input in your computer motherboard. This is because if you are creating multiple graphics cards, your motherboard must have sufficient PCI-e inputs to connect them.
- Riser for each card.
- Several video card set up frames.
- Dependable power supply. Based on the video cards you have chosen the capacity should be calculated on that.
- Dependable Net connection.
Ethereum Software Requirements
Ethereum mining also needs some software, such as programs and drivers.
Overclocking and temperature management software: This software is designed to optimize the performance of graphics cards. The software makes the performance of your graphics card better, calculates more hashes per second, controls cooling since low temperatures are always good for cards and mine more effectively, and with less power consumption.
To control/monitor temperature and power most miners use MSI GPU-Z and Afterburner overclocking software.
Mining Software: Claymore’s Ethash mining software is used by most miners. Ethash’s oldest and most supported miners are Claymore. Since then, various other software makes their appearance, such as EthMiner, PhoenixMiner, etc.
Recommendations for the Ether mining pool
Mining Pools: for the collective mining of cryptocurrency mining pools are special services. The miners began to join the mining pools because mining alone was no longer possible/profitable.
Mining has become a business and solo miners cannot compete with large mines, so miners are forced to join into mining pool and share their profits among pool/group members.
To choose the right mining pool, you need to meet several criteria:
- Select groups/pool with multiple currencies, as this is a more flexible solution and you can switch to other currencies in the pool at any time. Specific currency pools are not suitable for us because the profitability of a cryptocurrency can change constantly and we cannot move to more profitable ones.
- Only select well-known pools with a decent reputation. Newly launched pools do not have enough energy, which affects the result.
- Transparency is one of the indicators of reliability. Free access to mining data of other pool participants is a good sign.
- Avoid mining pools that are always offline. A stable mining pool must be 99% online.
- A reasonable pool fee of up to 1%.
- Choosing the right mining pool is very important because it affects your income.
The best GPU for mining Ethereum
AMD or Nvidia
Almost AMD cards are always cheaper for beginners. Nvidia cards, however, are almost always easier to use, configure, and overclock.
AMD cards may be more efficient for Ethash, but for other algorithms, they are less efficient. While Nvidia cards can be a useful choice if you want to mine coins with different algorithms and they are almost universal cards.
Keep in mind when choosing a good graphics card for Ethereum mining:
- Power consumption
- Overclocking option
- Cooling option
These parameters will help you to calculate independently payback of the model you will select. You can use whattomine or any other online special calculator for calculating the profitability.
Nvidia GTX 1060
Power Consumption: 90 watt
Hash rate: 22.50 MH/s
Video memory: 6 GB GDDR5
Daily income (excluding electricity costs): $ 0.27
If your target is an Nvidia card, this is the base card that you looking for. It is relatively inexpensive and very good at Ethash mining. The card is also useful for mining Zcash and has very low power consumption.
Its mining speed, i.e. Mega hashes per second (MH/s) is relatively low among other cards. This card is one of the best GPU for mining Ethereum.
Nvidia GTX 1080ti
Power Consumption: 180 watt
Hash rate: 35-40 MH/s
Video memory: 11 GB GDDR5
Daily income (excluding electricity costs): $ 0.54
Among Nvidia graphics cards Nvidia GTX 1080ti is one of the most powerful cards. Nvidia GTX 1080ti is appropriate for almost any coin available for mining.
However mining Ethereum using this card might not be the best solution, as its hash speed is slightly faster than the GTX 1070, but it is almost double expensive.
However, mining other cryptocurrencies with this card are much more profitable than mining Ethereum.
AMD Radeon RX Vega series
Power consumption: 150-250 watts
Hash rate: 30-45 MH/s
Video memory: 8 GB HBM2
Daily income (excluding electricity costs): $ 0.74
RX Vega 64 and RX Vega 56 which are the AMD Vega series graphics cards are very similar in terms of mining performance. Both of these cards have 8 GB of RAM. These cards have great results for the energy they consume.
They are also very good with other algorithms and cryptocurrencies like Monero.
It may take more time to pay the expenses and make a profit because these cards are quite expensive than the older RX series cards. They also emit more heat than the previous series and are generally expensive.
AMD Radeon RX 480/580
Power Consumption: 135 watt/125 watt
Hash rate: 29.50 MH/s/30 MH/s
Video memory: 8 GB GDDR5
Daily income (excluding electricity costs): $ 0.35-$ 0.36
This graphics card series is the big brother of the RX 470/570 series. RX 480/580 card has almost the same hash rate, but with higher power consumption. It is also good to use on many other algorithms, which give a miner the freedom to select multiple altcoins for mining.
For most other algorithms these cards aren’t very good, so if you want the freedom to mine other altcoins, then this series might not be for you.
It will switch to proof of stake if, for example, something happens to Ethereum mining, you can expect these cards to hit the market for a low price.
AMD Radeon RX 5700 (XT)
Power consumption: 140 watt
Hash rate: 51 MH/s -51.50 MH/s
Video memory: 8 GB GDDR6
Daily Income (excluding electricity): $ 0.61
These are AMD’s best graphics cards. They are based on the core of the Navi 10 GPU, with hardware locks on stream processors. If you want the XT to have more performance and a cooler design then you’ll have to pay an extra $ 50.
AMD Radeon VII
Power consumption: 230 watt
Hash speed: 78 MH/s
Video memory: 16 GB HBM2
Daily Income (excluding electricity): $ 0.93
AMD Radeon VII is Ethereum’s most powerful GPU miner today. The card has an average hash rate of 78 MH/s and can reach 90 MH/s without adjustments. These results allowed for a new card are because of improved memory bandwidth: 1 TB /s and 16 GB of HBM2.
Nvidia Titan V is the main competitor to this graphics card but it is more expensive ($ 700 vs. $ 3,000) and has a lower speed (about 69 MH/s). Higher speeds (hash rate) and low cost make the Radeon VII the best purchase to mine Ethereum. This is also a best GPU for mining Ethereum.
The above-mentioned graphics cards are the best GPU for mining Ethereum. Once you know how to choose the right graphics card to mine Ethereum, look for other articles that can help you in building a mining rig.
Choose reliable Ethereum mining software, and find the best Ethereum mining pool. Do not forget to create an Ethereum wallet to store your mined crypto coins.