Best PSUs For Crypto Mining: Reliable Power Supplies for Ethereum, Bitcoin

The figures presented below are from March 2024 and assume an electricity cost of $0.1/kWh. By the time you’re reading this article, the profitability of each GPU will have likely changed. For maximum endurance and performance, we recommend using your PSU with 230V input whenever possible. Besides 1-2%-higher efficiency, this also reduces the amperage passing through the AC power cord by half, reducing stress on the cable.

NVIDIA GeForce RTX 2070

The real drawbacks are its scarcity and price, as it can sometimes be extremely hard to find, and when you finally do- it often commands a premium. Mining cryptocurrencies like Bitcoin, Ethereum, Monero, ZCash, etc., is not illegal. However, it can be illegal to mine cryptocurrency using malware that causes harm to other people’s devices or computer systems. Crypto mining is a process best mining gpus of verifying transactions on the blockchain. The validity of each transaction is confirmed by solving complicated mathematical equations verified by computers and completed in exchange for newly created units of Cryptocurrency. Yes, the GPU might be damaged during mining if it is executing more than 85 degrees of Celsius for a long time, which might also shorten the GPU lifetime.

The Best Graphics Cards for Mining Cryptocurrencies

However, in 2024, mining has become less profitable due to several factors. The NVIDIA CMP 90HX is available through select retailers and is a preferred choice for serious miners seeking a GPU dedicated exclusively to mining. One of the RTX 2080 Ti’s advantages is its relatively affordable price compared to newer models. Its compatibility with pretty much any operating system adds to its appeal for a diverse range of miners.

• This graphic card lets you enjoy all your favorite games with a powerful GPU that stays cool.
• Mining cryptocurrencies like Bitcoin, Ethereum, Monero, ZCash, etc., is not illegal.
• That doesn’t make sense in the current climate, but it’s also outright bad advice for those new to the wonderful world of mining digital currency.
• Note that more CUDA cores doesn’t always indicate a more powerful GPU for mining.

Historical Ethereum Pricing, Difficulty, and Profits

You can also manually enter hash rates, so for example if you notice that after 30 minutes or more that NBminer stabilizes at 94MH/s instead of 98MH/s, you can fine tune the mining speed. This is a custom Linux installation that would run in place of Windows, and it’s recommended for larger scale mining farms that use NiceHash. As with all things Linux, getting it up and running may require a bit more knowledge and patience, but because it’s an OS tuned specifically for mining, hash rates can be higher. (We didn’t do any of our testing with NiceHash OS, due to time constraints.)There are two big downsides to mining via NiceHash. One is that you’re not actually getting Ethereum — not directly, at least. You’ll get paid in Bitcoin, which you can then trade for Ethereum if you want.

Ethereum Hash Rate(

But there are countless other GPUs that are worth considering and not only from NVIDIA. The AMD Radeon RX 5700 XT is our favorite GPU for value, offering an impressive hash rate for the asking price. Then there’s the AMD Radeon RX 580, which is perfect for those on a tight budget who wish to save a few Bitcoins or Ethereum to weather a financial storm. Miners who solve the puzzle and win the right to produce a block are paid a block reward. This is what incentivizes mining, although it’s not terribly common to win one of these block rewards as a solo miner.

It’s based on a 7nm manufacturing process and makes even the company’s own older Radeon cards look ancient and power-hungry. While, again, the RX 6700 XT isn’t the latest and greatest from AMD, it’s actually one of the best value propositions for crypto mining. One of the main advantages of GPU mining is that a single computer can run a lot of GPUs. It’s not hard to build an efficient rig, but remember to think about sufficient power and cooling. Also, it may be worth reading up on how to best configure your GPUs for crypto mining—downclocking and undervolting tend to be common practices. Now that we have some context about the current state of GPU mining let’s check out the list of the best GPUs for mining.

Nvidia RTX 3080 is one of the best GPU for mining, with its 100.0 Mh/s hash rate for Bitcoin Ethereum mining is only second to 3090 when mining and heavy processing. The power rating of 250W is still on the high side, but the pricing is quite extraordinary, depending upon the region you are buying from. This graphic card contains DirectX 12 Ultimate capability, supporting ray tracing, and variable-rate shading.

Kryptex is a desktop application. Download the app to your PC after signing up.

However, it’s important to note that while the RX 7900 XTX is still quite expensive – it is priced around 1,000 USD. As we’ve discussed above, an ASIC miner works as a superior alternative to a regular GPU in some situations. If you plan to mine a https://www.tokenexus.com/zrx/ popular cryptocurrency (like Bitcoin) and have enough space and cooling for a louder unit, you may want to upgrade to an application-specific integrated circuit miner. If you want to start mining, the RX 6700 XT is a worthwhile choice to consider.

• When choosing the brand and model, we must take into account the return on investment (ROI), i.e., how long it will take us to recover the money invested in the GPU.
• Assuming electricity costs of $0.1 / kWh, you’ll be losing about $0.29 per day if you use the RTX 3080 Ti for cryptocurrency mining.
• An RTX 3080 with memory running at 20Gbps and a 1.9GHz core clock will get about 95MH/s while using around 320W of power.
• And TI is a trim level — you won’t get the same performance from an RTX 3060 as you will from a 3060 TI.
• The Nvidia GeForce RTX 2080 Ti remains a strong contender among the best GPUs for mining, particularly for those seeking a balance between affordability and efficiency.
• If you want to learn more about cryptocurrency mining, make sure to check out our list of the best Bitcoin miners.

Why Are Graphics Cards Used for Mining?

• But, they can’t be too expensive, which is why a card like the Nvidia GeForce RTX 3060 Ti and its sibling, the Nvidia RTX 3060, are great picks.
• Second, there are a lot of different software packages for mining, but we’re taking the easy route and using NiceHash Miner.
• Their devices are trying solutions one after the other, and, as you can imagine, a miner with more computing power (more and better GPUs) has a greater chance of winning.
• Most graphics cards today come with built-in BIOS systems that allow for overclocking.
• This is another fantastic gaming PC that also doubles as a versatile mining PC.

Because ray tracing can be detrimental to performance, DLSS is the perfect pairing. Despite being priced at somewhat of a bargain, it bests the RTX 2080 SUPER in raw performance for 1080p and 1440p gaming. That’s mighty impressive, and it’s likely going to be extremely popular for anyone who’s not too interested in 4K gaming. The same goes for mining, besting the 2080 SUPER in performance and efficiency.