What is the Most Profitable Graphics Card for Mining?

As of today, mining Bitcoin with high-end graphics cards is inefficient and unprofitable, although there are so many other cryptocurrencies that can be mined profitably with a decent graphics card.

If you are wondering what the most profitable graphics card for mining cryptocurrency is, read on!

It is essential to understand that no one graphics card will always be profitable at all times. The profitability of a graphics card changes all the time. So, in this article, we will show you how to find the most profitable graphics card as of now,  so you can apply this knowledge to find the most profitable graphics card at any given time.

To find the most profitable graphics card, you must consider a few factors. These include:

1. Hash rate of the graphics card.
2. Cost of the graphics card.
3. Most profitable coin.
4. Electricity cost in your area.

1) Hash Rate of the Graphics Card

Perhaps the most critical factor in determining the most profitable graphics card is the hash rate it can generate. Hash rate is a measure of how many hashes your graphics card/s can compute within 1 second. The more powerful your graphics card is, the more hashes it can produce.

It is essential to understand that different cryptocurrencies use different hashing algorithms. Therefore the hash rate varies depending on the algorithm the cryptocurrency uses. For example, Ethereum uses the Ethash algorithm. If your mining rig hashes at 60 MH/s when mining Ethereum, it does not mean you will get the same hash rate for mining other cryptocurrencies with different algorithms.

Nvidia GTX 1080 Ti is one of the popular graphics cards among cryptocurrency miners. This is how its hash rate varies with different algorithms:

• Ethash: 49.50 Mh/s
• Zhash: 86 h/s
• CryptoNightR: 750 h/s
• NeoScrypt: 190 kh/s
• X16Rv2: 31 MH/s
• ProgPaw: 18.2 MH/s
• MTP: 3.6 MH/s
• Lyr2REV3: MH/s
• RandomX: 1030 h/s

You can check out hash rates of other graphics cards here.

Graphics cards that generate the highest number of hashes are usually expensive. This is why the cost of a graphics card is essential when determining the most profitable graphics card.

2) Cost of the Graphics Card

Cryptocurrencies miners usually mine with multiple graphics cards. The cost of all graphics cards in your mining rig setup can add up to a few thousand dollars. And this is not the only cost. The cost of CPU, motherboard, PSU, cooling, etc. all add up to the total cost of the mining rig.

Unfortunately, not everyone can afford expensive graphics cards with high hash rates. This is why it is crucial to balance your budget. You must select the graphics card that can generate the highest hash rate, which is also well within your budget.

As a cryptocurrency miner, your goal should be to recoup all costs associated with mining and mining setup, quickly as possible. Miners recoup their investments with mining rewards. After this goal is achieved, every time they earn a mining reward, it will be in profit.

Unfortunately, not every cryptocurrency miner gets there. Sometimes your mining rig can break down, and you will spend additional money to repair these parts.

In some scenarios, the difficulty of the cryptocurrency you mine can spike up in a small time span, resulting in lower earnings. This is because more miners join the network, especially when a coin is very profitable to mine.

If the price of the cryptocurrency you mined, spiked, you can recoup costs much quicker. You can also make a significant amount of money selling your mining rig or components of the mining rig if it is still in good condition.

3) Most Profitable Coin To Mine

For your mining venture to be profitable, selecting the right coin is equally important as the graphics card you mine with. It is important to understand that the profitability of cryptocurrency mining changes all the time. What is profitable to mine today may not be profitable tomorrow. To find the most profitable coin to mine, check out here.

There are two types of miners. Miners that mine the most profitable coin at the given moment, convert to Bitcoin and sell it for a quick buck, and those miners that mine their favorite coin and hold it for the long run.

You can use a cryptocurrency calculator like WhatToMine to estimate how much money you are going to make.

4) Electricity Cost Where You Live

You can have the best mining rig in the world, but if the electricity cost is expensive in the area you live, mining is still going to be unprofitable. Some of the graphics cards consume more power than others. The best graphics cards are the ones that generate the highest amount of hashes for relatively low power consumption.

You can find the efficiency of the graphics card by dividing the power consumed by your graphics card with the hash rate. For example, if I’m hashing Lyra2REv3 with an RTX 2080 Ti, I get a hash rate of 52.50 MH/s. The power consumption of this graphics card is 220 W. The efficiency of RTX 2080 Ti is 4.19 W/MH.

If you are fortunate enough to live in a country with cheap electricity, you can worry less about the efficiency of the graphics card and buy a graphics card that can generate more hashes. Whether you live in a country with high or low electricity costs, a successful miner always tries to maximize profits. By adding the electricity cost in the area you live, in the cryptocurrency calculator, you can determine if a specific graphics card is profitable.

So, What is the Most Profitable Graphics Card?

In short, the most profitable graphics card is the one that generates the highest number of hashes for relatively low power consumption, which is also priced relatively low compared to other graphics cards.

Heres a list of graphics cards with hash rates, power consumption, efficiency, profit, and price:

Ethash Algorithm:

RandomX Algorithm:

X17 Algorithm:

Blake2S Algorithm:

Lyra2REv3 Algorithm:

MTP Algorithm:

X16Rv2 algorithm:

CuckARoo29 Algorithm:

Mining vs. Buying Cryptocurrency. Which is better?

In short, there is no clear answer here. Check out this article where we compare mining vs. buying cryptocurrency. But, if you want to obtain cryptocurrency immediately, buying is the clear winner. CEX and Binance are some of the best exchanges to buy cryptocurrency as fast as possible.