Video cards for mining cryptocurrencies: rating of the best video cards in 2020 for mining on graphics processing units (GPU)

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Video cards for mining allow you to use the GPU as a tool for mining cryptocurrencies (earlier than any, today mainly altcoins – the complexity of bitcoin is too high). At some point, rivalry for top-end video cards began between miners and gamers, but now it is more and more calm – miners have found for themselves a certain range of video cards that are ideally suited for their purposes in terms of power and energy saving.

The editorial staff of Btcnewsweb.com offers an overview of the pros and cons of GPU mining, as well as a selection of the best video cards and the most profitable cryptocurrencies that can be mined with them.

The best graphics cards for mining in 2020

Rating of video cards for mining by profitability at an electricity cost of $ 0.1 as of 05/01/2020 (data: Whattomine, Nicehash):

ManufacturerGPUCryptocurrencyAlgorithmHashrateEnergy consumptionDaily incomeElectricity costsProfitThe costROI (payback in days)
AMDRadeon VIIEthereum(ETH)Ethash91.76 Mh/s220 W$1.63$0.53$1.1$760690
NVIDIATITAN VGrinCuckatoo312.41 G/s160 W$1.38$0.38$1.00$50005000
NVIDIAGeForce RTX 2080 TiMWC-CT31(MWC)Cuckatoo312.45 h/s220 W$1.25$0.53$0.72$13001805
NVIDIAGeForce RTX 2080 SuperGrinCuckatoo312.03 G/s230 W$0.97$0.55$0.42$7701833
AMDRadeon RX 5700 XTEthereum(ETH)Ethash51.50 Mh/s140 W$0.83$0.34$0.49$420913
AMDRadeon RX 5700Ethereum(ETH)Ethash51.00 Mh/s140 W$0.82$0.34$0.48$370770
NVIDIAGeForce RTX 2080MWC-CT31(MWC)Cuckatoo311.65 h/s190 W$0.84$0.45$0.39$7501923
NVIDIAGeForce GTX 1080 TiBitCash(BITC)X25X6.90 Mh/s190 W$0.76$0.45$0.31$7502419
NVIDIAGeForce RTX 2070Nimiq(NIM)Argon2d-NIM380.00 kh/s150 W$0.64$0.45$0.36$5801611
NVIDIAGeForce RTX 2060Nimiq(NIM)Argon2d-NIM380.00 kh/s130 W$0.57$0.31$0.26$3751442
NVIDIAGeForce GTX 1660 TiNimiq(NIM)Argon2d-NIM280.00 kh/s100 W$0.47$0.24$0.23$3651586
NVIDIAGeForce GTX 1080BitCash(BITC)X25X5.25 Mh/s150 W$0.58$0.36$0.22$3201454
NVIDIAGeForce GTX 1070 TiBitCash(BITC)X25X4.60 Mh/s130 W$0.51$0.31$0.20$3761880
AMDRadeon RX 580Ethereum(ETH)Ethash30.20 Mh/s125 W$0.48$0.30$0.18$2251250
NVIDIAGeForce GTX 1070Ethereum(ETH)Ethash30.00 Mh/s130 W$0.48$0.31$0.17$5803411
AMDRadeon RX Vega 64Ethereum(ETH)Ethash40.00 Mh/s200 W$0.64$0.48$0.16$4503000
AMDRadeon RX 570EthereumClassic(ETC)Ethash27.90 Mh/s120 W$0.45$0.29$0.16$1901187
AMDRadeon RX 470EthereumClassic(ETC)Ethash26.00 Mh/s120 W$0.42$0.29$0.13$100769

The main criterion when choosing a video card for mining is ROI or payback period. For example, the Radeon VII has 690 days, the TITAN V has 5,000 days (see the table above). Choose the most profitable cryptocurrencies for mining, you can do this using calculators. We will talk about them below.

Nvidia GeForce GTX 1070 graphics card

Nvidia GeForce GTX 1070 hashrate and power:

Video cardDecredCryptoNightRandomXmoneroNeoScryptLyra2REv3EthashZHashX16RGrinCuckaroo29GrinCuckatoo31CuckooCycleGrinCuckarood29BeamV2X16Rv2
NVIDIA GTX 10700.27 GH/s (125 W)0.6 kH/s (105 W)0.5 kH/s (125 W)0.98 MH/s (125 W)29.52 MH/s (130 W)31.47 MH/s (120 W)62.16 Sol/s (125 W)17.8 MH/s (125 W)4.71 G/s (120 W)0.93 G/s (150 W)5.57 G/s (120 W)5.83 G/s (120 W)39.68 Sol/s (140 W)16.17 MH/s (130 W)

Parameters: 8 GB GDDR5, 1.506 MHz, 150 W. It consumes little energy, while showing high power. The model is quite expensive, so you will have to make significant investments at the start, but in the long term they should fight back.

Profitability and profit from mining on the Nvidia GeForce GTX 1070 video card (electricity price $ 0.1 per 1 kW * h):

Output. As of 05/01/2020, the largest profit with an Nvidia GeForce GTX 1070 video card can be obtained on the Cuckaroo29s algorithm when mining the Swap cryptocurrency (XWP). The net profit at an electricity price of $ 0.1 will be $ 0.23. With a new graphics card price of $ 580, the return on investment will occur in 2521 days (84 months). At an electricity price of $ 0.05, the profit will be $ 0.38 and the payback period will be 1524 days (51 months).

AMD Radeon VII graphics card is the best graphics card for mining in 2020

Parameters: 16 GB HBM2, 1400 MHz, 300 watts. High power and excellent hashing speed (up to 90 MH / s without any overclocking, right out of the box). In 2017, this graphics card literally blew up the mining industry with its performance.

Profitability and profit from mining on the AMD Radeon VII video card (electricity price $ 0.1 per 1 kW * h):

Output. As of 05/01/2020, the greatest profit with an AMD Radeon VII video card can be obtained on the Ethash algorithm when mining through NiceHash. The net profit at an electricity price of $ 0.1 will be $ 0.79. With a new graphics card price of $ 760, the return on investment will occur in 962 days (32 months). At an electricity price of $ 0.05, the profit would be $ 1.06 and the ROI would decrease to 716 days (23 months).

Nvidia GeForce GTX 1060 graphics card

Parameters: 6 GB GDDR5, 1.506 MHz, 120 W. At a low price, it has good performance. Unfortunately, finding it today is not so easy (this can be said about other video cards in demand for mining). But if you succeed in doing this, then you can get a stable profit in the future.

Profitability and profit from mining on the AMD Radeon VII video card (electricity price $ 0.1 per 1 kW * h):

Output. The minimum payback period at an electricity price of $ 0.1 per 1 kW * h and at a video card cost of $ 300 will be 1764 days or 59 months.

 AMD Radeon RX580 Graphics

Parameters: 8 GB GDDR5, 1.257 MHz, 185 W. One of the most popular mining graphics cards. Equipped with very good cooling and provides a good hashing speed with low power consumption. Before starting work, it requires some settings that will help increase productivity.

Nvidia GTX 1080 Ti graphics card

Parameters: 11 GB GDDR5X, 1582 MHz, 250 W. Quite high price, but also incredible power. The downside is that it also consumes a large amount of energy, that is, the return on mining will be less.

AMD Radeon RX Vega Graphics

Parameters: 8 GB HBM2, 1156 MHz, 210 W. Another graphics card for mining with good performance and high power consumption. It is popular in the market – according to the results of numerous tests, most competitors work. It can be difficult to find this model on sale.

NVIDIA GeForce RTX 2080 Ti graphics card

Parameters: 11 GB GDDR6, 1.650 MHz, 250 W. A solid model is expensive and productive. Today, according to calculators, it shows profitability in mining, although some users believe that such costs are not justified and it is better to invest these 100,000 rubles in bitcoin.

AMD Radeon RX 5700 XT Graphics

Parameters: 8 GB GDDR6, 1.605 MHz, 225 W. A productive card that performs well out of the box and doesn’t really need overclocking. At the moment, it shows a good payback rate (up to 1.5 years). Works on an innovative architecture that includes developments for older technologies.

AMD Radeon RX 5700 Graphics

Parameters: 8 GB GDDR5, 1.465 MHz, 180 W. Refers to the same model range as the previous version – these are mid-range adapters. One of the disadvantages of these video cards is called rare driver updates, which periodically makes them lag behind in performance.

NVIDIA GeForce RTX 2080 graphics card

Parameters: 8 GB GDDR6, 1.515 MHz, 215 W. The model is ideal for overclocking, making it possible to increase the hash rate by almost 100% from the factory settings. However, such overclocking is possible on software specially written for this purpose.

NVIDIA GeForce RTX 2070 graphics card

Parameters: 8 GB GDDR6, 1.410 MHz, 185 W. In terms of performance, the video card practically does not lag behind the previous one and has a relatively low price. It shows particular efficiency in Ethereum mining.

Remember that profitability depends on many factors, not just the equipment you choose. The main indicators are the price of altcoins that are planned to be mined and the cost of a kilowatt of electricity. Before setting up a farm, check the profitability of mining using a calculator – for example, WhatToMine.com. This resource will help you choose the most profitable cryptocurrency, which is recommended to be mined in terms of specific equipment and electricity costs.

Features of GPU mining

Mining is the process of solving complex mathematical problems in order to verify and confirm transactions on the blockchain. For this work, miners receive a reward – cryptocurrency, which allows them to recoup their electricity costs and make a profit.

In this case, the equipment performing this process is video cards.

The Bitcoin mining industry is now tightly occupied by ASIC miners, which are hundreds of times more powerful than video cards; however, there are many promising altcoins that are still easy to mine with GPUs. For example, Ethereum, Zcoin, Grin, Ravencoin, etc. The flexibility of GPUs allows you to switch between algorithms at any time, choosing a more profitable option, while an ASIC can only work with the algorithm for which it was designed.

Recognized leaders in the production of graphics cards suitable for mining – AMD and Nvidia. Among the models they produce, there are those that allow you to achieve good results, spending a reasonable amount of money.

What is a mining rig (farms)?

Rig is an installation of several video cards for mining. Although a regular home PC can also be used as a rig, the inconvenience of this option is that during mining it is problematic to use other functions (especially those that load the GPU). Therefore, it makes more sense to build a separate installation. The maximum efficiency is shown by the creation of a dedicated server for mining cryptocurrency.

In terms of their design, mining farms are similar to a regular computer – in addition to video cards, they use a motherboard, power supply, processor, RAM, etc.

Cryptocurrencies for GPU mining in 2020

According to experts, in 2020 it makes sense to mine the following cryptocurrencies on video cards:

Ethereum (ETH)

The Ethash algorithm that Ethereum runs on is ideal for GPUs. It requires a good amount of video memory (from 4 GB) and operating frequency. Commonly used are AMD 290/290/390/470 cards, etc.

✅  Algorithm: Ethash

✅  Block creation time: 10-20 seconds

✅  Block reward: 2 ETH

However, in the near future, the coin will switch to Proof-of-Stake, and its mining will become unavailable. Those who wish can still jump into the last car of the departing train.

RavenCoin (RVN)

The cryptocurrency was launched relatively recently, in 2018. The X16R algorithm has not yet been mastered by ASICs – it is a mixture of SHA512 and X15, where the desired option is selected based on the hash of the previous block.

✅  Algorithm: X16R

✅  Block creation time: 1 minute

✅  Block reward: 5000 RVN

If you look at the graph of the difficulty of mining RavenCoin, you will notice an increase in interest in the coin.

Bitcoin Gold (BTG)

Although BTG runs on the same algorithm as Zcash, its version is still ASIC-resistant. In 2018, the developers updated the Equihash algorithm to Equihash-BTG.

✅  Algorithm: Equihash-BTG

✅  Block creation time: 10 minutes

✅  Block Reward: 12.5 BTG

The best graphics cards for Bitcoin Gold are GTX 1050Ti, GTX 1070, GTX 1080Ti. AMD cards are not suitable for this purpose.

ZCash (ZEC)

Previously, Zcash was considered ASIC resistant, but then Bitmain released devices for this cryptocurrency. However, GPU mining is still holding its ground.

✅  Algorithm: Equihash

✅  Block creation time: 2.5 minutes

✅  Block reward: 12.5 ZEC

Nvidia cards show a higher hash rate when compared to AMD models.

Monero (XMR)

It is one of the cryptocurrencies that are resistant to the influence of the ASIC industry. The CryptoNight algorithm used in Monero before was great for AMD graphics cards. But after changing the algorithm on RamdomX, Nvidia video cards show noticeably better results.

✅  Algorithm: RandomX

✅  Block creation time: 2 minutes

✅  Block Reward: 2 XMR

Mining Monero on video cards will be viable for a long time, thanks to the active struggle of developers with ASICs. But mining is not advised solo, but in the pool.

Dogecoin (DOGE)

Although this coin seems to many to be frivolous, rather comic, but for those who are just going to try their hand at GPU mining, this is a good tool.

✅  Algorithm: Scrypt

✅  Block creation time: 1 minute

✅  Block Reward: 10,000 DOGE

It is recommended to mine DOGE not alone, but in a pool, so the income will go much faster. Solo mining for this currency is only relevant if you have an ASIC.

How to choose a video card for mining

Choosing the right GPU is tricky when you consider the sheer number of offerings on the market. Here are the main points to consider:

✅  The desired amount of video memory is from 4 GB, and in general, the more the better.

✅  Memory type – GDDR5 or HBM2.

✅  The memory bus is at least 256 bits wide.

✅  Cooling system with oversized radiators, thick copper pipes and high-quality power management. It is definitely not worth saving on this, overheating is destructive for any technique.

✅  Overclocking functions. Overclocking properly can increase performance by over 40%. However, it should be borne in mind that this will lead to an increase in the consumed energy.

Always make sure you have the latest drivers installed – updates to these programs are often aimed at improving performance or saving energy.

Calculation of the profitability and payback of video cards

Profit from mining on video cards begins to be considered only after the investment in the equipment has fully paid off. Basic terms used in calculations:

✅  Payback period – the period required to cover the cost of equipment and electricity for this period. For rented farms, rental costs are also included.

✅  Hashrate – the computing power of the hardware. The higher it is, the more coins you get.

✅  The complexity of mining cryptocurrency, determined by the parameters of the network. The complexity of calculations usually increases over time, most calculators take this fact into account.

✅  Electricity consumption – the amount of energy that the equipment consumes in the process of mining cryptocurrency. The costs depend on the capacity of the farm and the cost of electricity in the region.

Income is calculated by deducting electricity costs from the funds earned. Also, until the equipment has paid off, its cost is also deducted from income. The easiest way is not to count manually, but to use calculators that will help you quickly assess potential profitability, play around with the settings and choose the best option.

Mining calculators

Graphic cards support any of the possible mining algorithms, and therefore, hundreds of different coins can be mined with their help. Most often, using the GPU, coins are mined that work on Equihash, Ethash, Zcash, CryptoNight.

There are calculators on the network that can calculate the profitability of mining any coin. You just need to indicate the model of your video card so that the program instantly calculates the profitability and advises the most profitable cryptocurrency at the moment.

The best calculators are:

✅  WhatToMine is the most accurate and reliable mining calculator. You can specify the model and the number of video cards, after which the site will calculate their computing power for certain algorithms.

✅  NiceHash – ranks second in accuracy among similar services. It also differs from them in the ability to make predictions on the payback for the coming days, in addition to the profitability for the current day. This forecast is based on the average cost of hardware in the market, the indicated hashrate and the current cryptocurrency rate.

✅  Cryptocompare. Simple calculator for calculating cryptocurrency mining: BTC, ETH, XMR, ZEC, DASH, ETC, LTC.

✅  Coinwarz. A calculator with good functionality. You can set the parameters yourself: network complexity, rate, reward, hash rate, equipment cost, pool commission, electricity cost.

Overclocking video cards for mining

Overclocking video cards is a must for efficient mining. However, this process contains many complexities and nuances, because video cards can be “capricious” – some begin to cool worse during overclocking, others start to work unstable. It is necessary to proceed with caution and accelerate not to the maximum, but within reasonable limits.

In the vast majority of cases, the free MSI Afterburner program is used for overclocking (it works with any video cards, not just from MSI).

Using Afterburner, you can adjust the following parameters:

✅  Core Voltage (Voltage) – The input voltage going to the GPU. If you lower it, then the energy consumption will decrease. But it is better not to touch this indicator unnecessarily.

✅  Power limiting allows you to set the maximum power that the GPU will consume. It is usually allowed to reduce the parameter to 65-85% without degrading performance.

✅  Temperature limit – at what temperature the GPU will turn off.

✅  Main GPU speed. Can be set from -75 to -100 without degrading performance.

✅  Memory clock speed is a key parameter for successful mining. Many video cards can significantly increase this figure.

✅  Fan speed. It is recommended to leave it at the default value. If you increase it, the fan will fail faster.

It is better not to touch other settings, especially if you have no experience in overclocking. In the best case, they will give a 1-2% increase in performance, but the service life of a video card can be significantly reduced. While you are overclocking, it is advisable to keep the open mining program window in another window in order to immediately observe the results.

Programs for mining on video cards

After you have prepared the hardware, you need to select the programs with which the mining will be carried out. Below are examples of the programs that are most popular and are regularly updated:

✅  Minergate Miner.

✅  Nicehash Miner.

✅  Claymore’s Dual Ethereum AMD + Nvidia. Claymore works with graphics cards from different manufacturers, even if they are installed in the same farm. Although the name contains Ethereum, the program helps to mine any other cryptocurrency on the Ethash algorithm, this is the main algorithm. Secondary algorithms – Blake (r14), Pascal, Blake (2b), LBRY. Supported operating systems: Windows, Linux. Developer fee: 1% or 2% (for dual mining).

✅  EWBF’s CUDA. Reliable verified miner, mainly for Zcash. Has the most intuitive browser-based reporting interface. Supported operating systems: Windows, Linux. Developer fee: 2%. Algorithm: Equihash.

✅  ccminer for Nvidia CUDA. One of the most flexible mining applications. It is constantly updated and new algorithms are added. Supported operating systems: Windows, Linux. Developer fee: 2%. Algorithms: X11, CryptoNight, Scrypt, SHA256t and about 30 more.

The choice depends mainly on two things – what exactly you are mining, and with what equipment you do it. For Ethereum mining, Claymore is most often used, for the rest of the altcoins, two other applications are suitable.

How to start mining on video cards. Main steps.

After you have made the initial calculations and are convinced of the profitability of the venture, you can take the main steps to start GPU mining in 2020:

  1. Selection and purchase of basic equipment. Due to the huge demand, you may not find certain video cards in retail stores, so you will have to buy them from dealers at a higher price or find used options. EBay is often used for this purpose. Installation of video cards from different manufacturers is allowed.
  1. Purchase of additional equipment – processor, motherboard, RAM, hard drive, frame, adapters (risers), etc. Always buy risers with a margin, because they often break.
  1. Choosing a mining pool. The more people work at the same time to solve a problem, the faster they will cope with it. Therefore, solo mining for popular currencies brings weak results, but a mining pool, where many miners are simultaneously participating, generates blocks quickly. For example, popular pools for Ethereum are Ethermine, NanoPool, EthPool, DwarfPool.
  1. Install mining software (see the corresponding section).
  2. Run the file (for example, in Claymore’s GPU Miner, you need to run start.bat).
  3. Enter the settings provided by the pool and start mining.

Mining does not require a lot of network bandwidth. If in the process of mining you want to use a computer, then disable hardware acceleration in the browser so that the Internet does not slow down.

Advantages and disadvantages

Pros: ✅

✅  You can mine any coins if their complexity allows it.

✅  Easy to adapt to market changes.

✅  GPU mining, unlike ASICs, does not interfere with decentralization.

✅  Video cards are liquid, and you can always sell them if they are not needed.

Cons: ❌

❌  You need to buy and configure a lot of components, understand the intricacies of overclocking.

❌  The design takes up more space.

❌  Mining efficiency is lower than that of ASICs.

❌  Higher energy consumption.

Questions and answers

What is GPU mining?

It is the process of solving complex mathematical calculations that uses powerful GPUs. Cryptocurrency is issued as a reward for successful computations (block generation).

Is it possible to mine on Bitcoin video cards?

As of 2020, such a decision no longer justifies itself. But there are many altcoins that can be profitable both now and in the future.

What do you need to mine on a video card?

At least – an ordinary computer, but a common option is to assemble a whole mining rig with 4-12 video cards and above, as well as auxiliary components. It all depends on the coin you plan to mine and other individual requests.

What to consider when choosing video cards for mining?

Power consumption, amount and type of memory, overclocking options, quality of the cooling system, cost. Be sure to use a mining calculator before buying to make sure it is profitable.

What cryptocurrencies can you mine on GPUs?

Altcoins such as Ethereum, Zcash, Monero. Calculators will help you calculate the profitability and choose the best coin. In addition, video cards provide unlimited opportunities for switching between different cryptocurrencies based on market conditions.

Is there a special software for mining on video cards?

Yes, Cudo Miner is now considered the best option – an easy-to-use and functional program.

Can mining damage graphics cards?

This is possible with too much overclocking or poor cooling. In general, the process is relatively safe for the equipment, except for accelerated wear compared to the state of rest.

Can I buy used GPUs for mining?

This is most often done, especially since most of the models suitable for mining are no longer available. It is important to look at the date the equipment was manufactured so that it is not too worn out.

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