Most Profitable Graphics Card for Mining

What is the Most Profitable Graphics Card for Mining?

CryptoAddict

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
Nvidia GTX 1080 Ti

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:

Graphics Card Hash Rate (Ethash) Power Consumption Efficiency Price Profit
RTX 2080 Ti 52.50 MH/s 220 W 4.19 W/MH Check Price Check
RTX 2080 36.90 MH/s 190 W 5.15 W/MH Check Price Check
RTX 2070 36.90 MH/s 150 W 4.07 W/MH Check Price Check
RTX 2060 27.60 MH/s 130 W 4.71 W/MH Check Price Check
GTX 1660 Ti 25.70 MH/s 90 W 3.50 W/MH Check Price Check
GTX 1660 20.50 MH/s 90 W 4.39 W/MH Check Price Check
GTX 1080 Ti 49.50 MH/s 190 W  3.83 W/MH Check Price Check
GTX 1080 34.00 MH/s 150 W 4.41 W/MH Check Price Check
GTX 1070 Ti 30.50 MH/s 130 W 4.26 W/MH Check Price Check
GTX 1070 30.00 MH/s 120 W  4.00 W/MH Check Price Check
GTX 1060 22.50 MH/s 90 W 4.00 W/MH Check Price Check
GTX 1050 Ti 13.90 MH/s 70 W 5.06 W/MH Check Price Check
Radeon VII 78.00 MH/s 230 W 2.95 W/MH Check Price Check
RX Vega 64 40.00 MH/s 230 W 5.75 W/MH Check Price Check
RX Vega 56 36.50 MH/s 210 W 5.75 W/MH Check Price Check
RX 580 30.20 MH/s 135 W 4.47 W/MH Check Price Check
RX 480 29.50 MH/s 135 W 4.58 W/MH Check Price Check

 

RandomX Algorithm:

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

 

X17 Algorithm:

Graphics Card Hash Rate (X17) Power Consumption Efficiency Price Profit
RTX 2070 26.1 MH/s 173 W  6.6 W/MH Check Price Check
GTX 1660 Ti 19.41 MH/s 122 W  6.3 W/MH Check Price Check
GTX 1080 Ti 29.34 MH/s 201 W  6.9 W/MH Check Price Check
GTX 1080 20.35 MH/s 137 W  6.7 W/MH Check Price Check
GTX 1070 Ti 18.83 MH/s 132 W  7 W/MH Check Price Check
GTX 1070 17.88 MH/s 135 W  7.6 W/MH Check Price Check
GTX 1060 11.41 MH/s 108 W  9.5 W/MH Check Price Check
Radeon VII 22.6 MH/s 228 W  10.1 W/MH Check Price Check
RX Vega 64 19.76 MH/s 258 W  13.1 W/MH Check Price Check
RX 580 7.44 MH/s 110 W  14.8 W/MH Check Price Check
RX 480 7.08 MH/s 86 W  12.1 W/MH Check Price Check

 

Blake2S Algorithm:

Graphics Card Hash Rate (Blake2S) Power Consumption Efficiency Price Profit
GTX 1660 Ti 4.54 GH/s 123 W 27.1 W/MH Check Price Check
GTX 1080 Ti 5.6 GH/s 213 W  38 W/GH Check Price Check
GTX 1080 4.6 GH/s 145 W  32 W/MH Check Price Check
GTX 1070 Ti 4.35 GH/s 133 W  31 W/MH Check Price Check
GTX 1070 3.71 GH/s 150 W  40.4 W/MH Check Price Check

 

Lyra2REv3 Algorithm:

Graphics Card Hash Rate (Lyra2REv3) Power Consumption Efficiency Price Profit
RTX 2080 Ti 98.5 MH/s 220 W  2.2 W/MH Check Price Check
RTX 2080 81 MH/s 190 W  2.3 W/MH Check Price Check
RTX 2070 60.5 MH/s 150 W  2.4 W/MH Check Price Check
RTX 2060 54 MH/s 130 W  2.4 W/MH Check Price Check
GTX 1660 Ti 43.5 MH/s 90 W  2.1 W/MH Check Price Check
GTX 1660 42 MH/s 90 W  2.1 W/MH Check Price Check
GTX 1080 Ti 77 MH/s 190 W  2.5 W/MH Check Price Check
GTX 1080 58.5 MH/s 150 W  2.6 W/MH Check Price Check
GTX 1070 Ti 51.5 MH/s 130 W  2.5 W/MH Check Price Check
GTX 1070 44.6 MH/s 130 W  2.9 W/MH Check Price Check
GTX 1060 26.5 MH/s 90 W  3.4 W/MH Check Price Check
GTX 1050 Ti 18.8 MH/s 75 W  4.0 W/MH Check Price Check
Radeon VII 90 MH/s 240 W  2.7 W/MH Check Price Check
RX Vega 64 59 MH/s 240 W  4.1 W/MH Check Price Check
RX Vega 56 51 MH/s 220 W  4.3 W/MH Check Price Check
RX 580 0.6 MH/s 120 W  200 W/MH Check Price Check
RX 480 0.6 MH/s 130 W  216.7 W/MH Check Price Check

 

MTP Algorithm:

Graphics Card Hash Power (MTP) Power Consumption Efficiency Price Profit
RTX 2080 Ti 4.3 MH/s 220 W 51 W/MH Check Price Check
RTX 2080 3.5 MH/s 190 W 54 W/MH Check Price Check
RTX 2070 2.6 MH/s 150 W 58 W/MH Check Price Check
RTX 2060 2.1 MH/s 130 W 62 W/MH Check Price Check
GTX 1660 Ti 1.85 MH/s 100 W 54 W/MH Check Price Check
GTX 1660 1.95 MH/s 100 W 51 W/MH Check Price Check
GTX 1080 Ti 1.9 MH/s 190 W 100 W/MH Check Price Check
GTX 1080 2.1 MH/s 150 W 71 W/MH Check Price Check
GTX 1070 Ti 2.1 MH/s 130 W 62 W/MH Check Price Check
GTX 1070 1.8 MH/s 130 W 72 W/MH Check Price Check
GTX 1060 1.1 MH/s 90 W 82 W/MH Check Price Check
RX 580 0.6 MH/s 120 W 200 W/MH Check Price Check
RX 480 0.6 MH/s 130 W 217 W/MH Check Price Check

 

X16Rv2 algorithm:

Graphics Card Hash Power Power Consumption Efficiency Price Profit
RTX 2080 Ti 38 MH/s 220 W 5.8  W/MH Check Price Check
RTX 2080 31 MH/s 190 W 6.1 W/MH Check Price Check
RTX 2070 23.5 MH/s 150 W 6.4  W/MH Check Price Check
RTX 2060 21 MH/s 130 W 6.2 W/MH Check Price Check
GTX 1660 Ti 15.9 MH/s 90 W 5.7 W/MH Check Price Check
GTX 1660 15.7 MH/s 90 W 5.7 W/MH Check Price Check
GTX 1080 Ti 29 MH/s 190 W 6.6 W/MH Check Price Check
GTX 1080 23 MH/s 150 W 6.5 W/MH Check Price Check
GTX 1070 Ti 18 MH/s 130 W 7.2 W/MH Check Price Check
GTX 1070 17 MH/s 130 W 7.6 W/MH Check Price Check
GTX 1060 9.4 MH/s 90 W 9.6 W/MH Check Price Check
GTX 1050 Ti 6.5 MH/s 75 W 11.5 W/MH Check Price Check
Radeon VII 20 MH/s 230 W 11.5 W/MH Check Price Check
RX Vega 64 12 MH/s 250 W 20.8 W/MH Check Price Check
RX Vega 56 10 MH/s 230 W 23 W/MH Check Price Check
RX 580 8 MH/s 120 W 15 W/MH Check Price Check
RX 570 6.5 MH/s 110 W 16.9 W/MH Check Price Check
RX 480 8 MH/s 130 W 16.3 W/MH Check Price Check
RX 470 6 MH/s 120 W 20 W/MH Check Price Check

 

CuckARoo29 Algorithm:

Graphics Card Hash Rate (CuckARoo29) Power Consumption Efficiency Price Profit
RTX 2080 Ti 9.5 H/s 250 W 26.3 W/H Check Price Check
RTX 2080 8.8 H/s 200 W 22.7 W/H Check Price Check
RTX 2070 7.7 H/s 195 W 25.3 W/H Check Price Check
RTX 2060 5.8 H/s 190 W 32.8 W/H Check Price Check
GTX 1660 Ti 2.80 H/s 90 W 32.1 W/H Check Price Check
GTX 1660 2.5 H/s 90 W 36 W/H Check Price Check
GTX 1080 Ti 7.5 H/s 200W 26.7 W/H Check Price Check
GTX 1080 5.7 H/s 195 W 34.2 W/H Check Price Check
GTX 1070 Ti 4.5 H/s 150 W 33.3 W/H Check Price Check
GTX 1070 4.0 H/s 145 W 36.3 W/H Check Price Check
GTX 1060 2.3 H/s 100 W 43.5 W/H Check Price Check
GTX 1050 Ti H/s W W/H Check Price Check
Radeon VII 5.0 H/s 160 W 32 W/H Check Price Check
RX Vega 64 4.0 H/s 165 W 41.3 W/H Check Price Check
RX Vega 56 3.5 H/s 160 W 45.7 W/H Check Price Check
RX 590 1.9 H/s 120 W 63.2 W/H Check Price Check
RX 580 1.7 H/s 120 W 70.6 W/H Check Price Check
RX 570 1.6 H/s 120 W 75 W/H Check Price Check

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.