Monero (XMR) is a cryptocurrency focused on privacy. This coin is very popular among darknet users because of its anonymous nature. Privacy coins like Monero will always have their uses because of its ability to conduct untraceable transactions.
Monero (XMR) is a cryptocurrency that is very resistant towards ASIC miners. This is good news for those who mine Monero with GPUs and CPUs. This coin has changed its protocol so many times just to maintain its ASIC resistance. This makes Monero one of the most favorable coins to mine with a GPU or CPU. As of now, Monero (XMR) uses the RandomX algorithm.
Now, if you are wondering how to mine this coin, there are few things you need to know. You can mine Monero with a GPU or a CPU. This article is focused on the best GPUs to mine Monero. To find the best CPUs to mine Monero, check here.
As a GPU miner, the biggest question you may have is “what is the best GPU to mine Monero (XMR)?”. To answer in short, there is no definite answer to this question. Cryptocurrency profitability changes with fluctuations in the market. A certain GPU can be the best at mining Monero, but if you can’t afford it, it is of no use to you. When selecting a GPU, you must buy a GPU that is affordable, has a high hash rate and consumes less power.
Use the table below to find the best graphics card that is also affordable:
|Graphics Card||Hash Rate (RandomX)||Power Consumption||Efficiency||Price||Profit|
|RTX 2080 Ti||1380 H/s||190 W||0.14 W/H||Check Price||Check|
|RTX 2080||1000 H/s||150 W||0.15 W/H||Check Price||Check|
|RTX 2070||700 H/s||140 W||0.2 W/H||Check Price||Check|
|RTX 2060||600 H/s||110 W||0.18 W/H||Check Price||Check|
|GTX 1660 Ti||580 H/s||90 W||0.16 W/H||Check Price||Check|
|GTX 1660||530 H/s||90 W||0.17 W/H||Check Price||Check|
|GTX 1080 Ti||1030 H/s||160 W||0.16 W/H||Check Price||Check|
|GTX 1080||700 H/s||110 W||0.16 W/H||Check Price||Check|
|GTX 1070 Ti||640 H/s||120 W||0.19 W/H||Check Price||Check|
|GTX 1070||560 H/s||120 W||0.21 W/H||Check Price||Check|
|GTX 1060||350 H/s||80 W||0.23 W/H||Check Price||Check|
|GTX 1050 Ti||200 H/s||60 W||0.3 W/H||Check Price||Check|
|Radeon VII||1400 H/s||170 W||0.12 W/H||Check Price||Check|
|RX Vega 64||1160 H/s||160 W||0.14 W/H||Check Price||Check|
|RX Vega 56||1040 H/s||150 W||0.14 W/H||Check Price||Check|
|RX 580||470 H/s||90 W||0.19 W/H||Check Price||Check|
|RX 570||390 H/s||80 W||0.2 W/H||Check Price||Check|
|RX 480||470 H/s||90 W||0.19 W/H||Check Price||Check|
If a certain graphics card is not listed above, you can always calculate its profitability using a mining calculator. All you need is the hash rate, the power consumption of the GPU and the electricity cost where you live.
Hash Rate: To find the hash rate of your graphics card, you can download Monero mining software, mine, and manually check the hash rate. Alternatively, you can google your graphics card to find if someone has already done that.
Power Consumption: You can learn how to check the power consumption of your mining rig here.
Electricity Cost: The $/kWh cost where you live is a crucial factor. You can find this information by looking at your electricity bill or simply googling it.
Pool Fee: The pool you mine at takes a cut. This fee must also be included when calculating Monero mining profit.
Best Monero Mining Calculators
A mining calculator can estimate your mining profit. These calculators take your hash rate, power consumption, electricity cost, pool fee and give an estimation of mining profit. Please be aware that mining profitability changes with the fluctuations of the crypto market. It is important that you check the profitability of a graphics card before you make an investment decision. Here are some of the best mining calculators for Monero (XMR):
Best Monero Mining Pools
If you are a small scale Monero miner, joining a mining pool is the preferred way of mining. Joining a mining pool has the highest chance of you finding the right hash. You may wonder which mining pool is the best for mining Monero; the best mining pool is the one that has the highest hash rate. Pools with high hash rates can offer you constant payouts. Check out here for best Monero mining pools.
Best Monero Miner
When mining Monero (XMR), always choose the best mining software. Best mining software is always well optimized for mining Monero. This can significantly increase the hash rate of your graphics card and in return increased profits. As of today, these are the best Monero miners available:
Earn Monero Without Mining
If you can’t afford a graphics card to mine Monero, there are still ways to obtain Monero. The fastest and easiest way to obtain Monero is to buy Monero from a cryptocurrency exchange like Changelly. Alternatively, you can buy cryptocurrency from Binance and convert it to Monero. These services allow you to buy Monero with a debit/credit card conveniently.
An indirect way to mine Monero (XMR) is to cloud mine Monero. Cloud mining essentially means you are utilizing someone else’s mining rig to mine cryptocurrency. The owners of these rigs charge a fee for renting. Services like Nicehash and MiningRigRentals allow you to cloud mine cryptocurrency like Monero. The best thing about these services is that you get to buy a very small amount of hash power and allocate it to mine your favorite coin. You can stop mining at any time and the remaining balance will be returned to you.
The best graphics card for mining Monero (XMR) is the graphics card that has a high hash rate with low power consumption, which is also priced relatively cheap. In other words, the most profitable and affordable graphics card.