Best GPU for mining | GPU mining calculator profitability and hashrate (2024)

FAQs

Best GPU for mining | GPU mining calculator profitability and hashrate? ›

For those prioritizing raw power and performance, the RTX 3090 is unmatched. It boasts the highest hash rates among commercially available GPUs, backed by 24GB of GDDR6X memory. Although it comes with higher power consumption, its profitability in mining operations justifies the investment for many miners.

For those prioritizing raw power and performance, the RTX 3090 is unmatched. It boasts the highest hash rates among commercially available GPUs, backed by 24GB of GDDR6X memory. Although it comes with higher power consumption, its profitability in mining operations justifies the investment for many miners.

Crypto mining presents the opportunity for passive income by generating new coins and validating transactions. The most profitable cryptocurrencies to mine include Bitcoin, Ethereum, Ravencoin, Litecoin, ECOSECOS, Vertcoin, and ZCash.

Bitcoin is still the most profitable coin to mine with an ASIC, but not GPU. Bitcoin GPU mining is not profitable currently even with a mining pool. But you can mine with pools that allow you to contribute the hash rate to mine other crypto and get rewarded in Bitcoin.

For example, a rig of six MSI GeForce RTX 3080Ti graphics processing units (GPUs) will be most profitable when mining Ravencoin (RVN) and bring around $170 per month. Zcash (ZEC) can bring in almost the same revenue while mining Clore (CLORE) can earn $158 per month.

There is no minimum or limit to the number of GPUs you can use when mining, and can even start with 1. However, if you are into a serious mining business, a rig of 6 GPUs is recommended.

Several factors have contributed to diminishing GPU mining profitability, including the significant increase in network difficulty, the emergence of more efficient ASIC miners, and the volatile nature of cryptocurrency prices which can affect mining rewards.

Cryptocurrency Value

With the block reward still at 6.25 BTC, miners now earn about $437,500 per block, up from $250,000. Therefore, for you to mine Bitcoin with GPUs profitably, the value of Bitcoin should be more than the total cost incurred in the mining process while considering the initial cost of the mining rigs.

What makes a GPU good for mining? ›

Key Takeaways. A GPU, or graphics processing unit, is responsible for the digital rendering in a computer system. Due to a GPU's power potential vs. a CPU, or central processing unit, they have become more useful in blockchain mining due to their speed and efficiency.

NVIDIA GeForce RTX 4090 can generate more than 22.05 USD monthly income with a 144.26 MH/s hashrate on the FLUX - ZelHash (LOL) algorithm.

Mining hardware

To start GPU mining, you need to have the right hardware, namely a good graphics card. The most popular graphics cards for mining are made by Nvidia and AMD. It's important to choose a graphics card that has a high hash rate. This is the speed at which your computer can solve mathematical problems.

Back in September 2022, Kadena stood at the forefront as the leading mineable proof-of-work (PoW) algorithm, enabling miners to extract kadena (KDA). However, today, the top spot for the most lucrative PoW network for mining is held by kaspa (KAS), which utilizes the Kheavyhash algorithm.