5 GPU’s for cryptocurrency mining in 2018
by MinerGate Mining Pool April, 27, 2018
2018 is the year of disillusionment and understanding for all those new to cryptocurrency. There is a lot to love in this new financial paradigm. We have finally learned to use this new shared monetary system and far from leaving it, we are in fact adopting it rapidly.
It is only a matter of time before these new technologies adapt to daily life. They’re everywhere – whether its on radio, TV or online news portals – there is always some mention of Bitcoin BTC or some other cryptocurrency.
Bitcoin BTC exploded in popularity last year, and although its meteoric growth has decreased, there are still many other cryptocurrencies that are booming. So, it should not be surprising that in 2018, everyone wants a part of the action. If you are thinking about immersing yourself in cryptocurrency mining, it would be advisable to buy one of the best cryptocurrency mining GPUs of the 2018 phase.
So we’ve created a list of the best mining GPUs you can buy today, so you can spend less time thinking about what to buy and get more profit. We have classified five of the best mining GPUs on the market, taking into account price and efficiency. Seeing how the growing popularity of Bitcoin BTC and other cryptocurrencies has led to large price increases in the GPU market, you do not want to waste too much time thinking about what to buy.
The concept behind cryptocurrencies such as Ethereum ETH and Bitcoin is that people generate and transfer them, without depending on any central authority, such as governments or traditional banks. The attractiveness of the cryptocurrency, at least in part, is that you can use a standard PC for mining. Ethereum, as well as many other cryptocurrencies, use hard hash memory methods, so you need the best mining GPUs with a decent amount of graphics memory.
Therefore, when you go out to find the best mining GPU you can, you should think about the memory offered by the GPU, as well as your energy needs and costs. It is important to consider the value of GPUs, since when you start mining cryptocurrencies with your GPU, such as Ethereum ETH or Monero XMR for example, you will not be generating large amounts of cryptocurrencies to begin with. Therefore, you should try to mitigate your initial costs as much as possible to maximize your profits and start making your initial investment as soon as possible.
Nvidia GeForce GTX 1070
Low power consumption, high hash rate
The GTX 1070 from Nvidia is not only a great graphics card for games, but also an excellent GPU for mining. This is because it handles a high hash rate of around 30 mh / s without needing too much power. Remember, the more power a GPU requires, the more expensive its operation will be, which will reduce your cryptocurrency earnings. As with many recent Nvidia GPUs, the 1070 is expensive, so you’ll have to fork out a hefty initial start-up amount, but if you’re interested in long-term cryptocurrency mining, the 1070 is the best GPU currently available.
AMD Radeon RX 580
The favorite GPU for Ethereum mining
The AMD Radeon RX 580 is one of the best GPUs available for mining, and in fact, it is a small victim of its own success, as it can sometimes be difficult to find at a good price. However, its popularity is warrented, since it offers an excellent hash rate of up to 29 mh / s, keeping electricity consumption low. It is also cheaper than the GTX 1070, and if you do not mind adjusting some settings, you will be very satisfied with the mining performance of this card.
AMD Radeon RX 480
A previous GPU, but still excellent for mining Ethereum
If you want a low cost of entry into the world of mining, then the AMD RX 480 is an excellent choice. This is because it is a little older than the AMD Radeon RX 580, so the prices are lower (especially if it is second hand). Yes, this is another AMD card that can be difficult to track thanks to its mining capacity. However, with 8 GB of GDDR5 RAM, it achieves a decent hash rate of 28 m / s, and again does not require too much power. There are also versions available with 4 GB of GDDR5 RAM, if you are looking for a GPU at an even lower cost.
AMD Radeon RX Vega 56
Perfect graphic execution above consumption
The AMD Radeon RX Vega 56 is one of Ethereum’s most powerful graphics cards for mining right now. The latest benchmarks show that it runs faster than the Nvidia GTX 1070 and, thanks to the recent rise of Ethereum, it will also be profitable from the first day. Again, it can be difficult to get third GPU at the moment, and its power consumption means that it can end up being expensive to operate 24 hours a day, 7 days a week on a mining platform. However generally speaking, it works very well as a Mining GPU and has a higher hash rate than the rest of GPUs in this list (32 mh / s factory). If you can find one on offer, it is definitely worth considering.
Nvidia GeForce GTX 1080 Ti
A powerful (but expensive) GPU to mine Ethereum
The Nvidia GTX 1080 Ti is still one of the most powerful graphics cards in the world, and it is our recommendation as the best graphics card for 4K games. As a mining GPU, it is an excellent option, but there are some considerations that prevent it from being higher on this list. First of all, it is still a costly GPU, and the power consumption is high compared to other cards. This means that the return on your investment is lower, and it will take you longer to cover your costs. If you do not mind spending on this GPU (or you’re going to use it to play games), you’ll be very happy with the results, especially since with a bit of adjustment, you can get a hash rate of 32 mh/s!
MinerGate is one of the main mining platforms updating its platforms continuously and following all updates for new coins and forks that come out in the market.
Of all the analyzed GPUs here, all are functional with the MinerGate GUIs, producing great results with the lowest energy consumption.
MinerGate has 2 types of miners: GUI and console. They are available on Windows (32 and 64 bit), Mac and Ubuntu.
- Block Explorer (Litecoin, Bytecoin, Monero, Fantomcoin, Quazarcoin, duckNote, MonetaVerde, Aeon, Dashcoin, Boolberry)
- Mining profitability calculator (Bitcoin, Litecoin and CryptoNote based currencies)
- Charts – difficulty, network hashrate, coins in circulation, block reward
- 2 Factor Authentication
- Direct transfers to exchange
- Network Fee can be set manually
- 24/7 support