Are you looking for the best GPU for mining ethereum and other altcoins? The craze of crypto mining is driving the demand for GPUs and there is an even greater need to upgrade your equipment in order to ensure maximum profitability.
Even the most basic graphics card was able to mine ethereum and other altcoins in 2017, but with cryptocurrencies’ popularity, increasing difficulty level, and literally exploding price increases, GPUs have become far more expensive and out of reach for the majority of miners.
But it doesn’t mean that you’ll have to turn back. Instead, we’ll look at the best GPUs for mining in 2024 based on their hashrate performance so that you can easily narrow down your search. If you are new to mining ethereum or altcoins, this article will help you decide on which GPUs are best suited for your needs.
đź’ˇ Things to Keep in Mind:
Before choosing the best GPU for mining, you’ve to ask yourself a few questions;
- How many GPUs do I need for mining and how much do I have to spend on the GPUs?
- Specifically, which coin(s) am I going to mine?
- And what are my needs in terms of hashrate?
- How many PCIe slots does my motherboard have or do I need PCIe risers separately for GPUs?
On the basis of these responses, you will be able to determine which GPU is best suited to mining your favorite cryptocurrency.
If you’re mining for the first time, I know you’ll have a lot of questions and you need someone who’s already done mining, right? So after mining for a few years, here are my suggestions for the best GPU for mining in 2024.
So let’s get started…
Best GPU for Mining
It’s not simple to find the best GPU. There are many factors that you’ll need to consider, and you have to choose a GPU that will maximize your profit. After doing mining for several years, we’re here to help you pick the best GPU for mining ethereum and other altcoins in 2024.
With that being said, here are our top GPU for mining recommendations;
1. EVGA GeForce RTX 3060 Ti XC GPU for Miners & Gamers with 8GB GDDR6 Memory, Metal Backplate, 1710 MHz Boost Clock Speed, and 60.21 MH/s Hashrate (08G-P5-3663-KL)
The EVGA brand is well-known for cryptocurrency mining, and this GeForce RTX 3060 Ti is one of the best GPU for mining purposes. Many individuals choose EVGA graphics cards in their mining rig because of their stability and reliability during mining, as well as the fact that it doesn’t get as hot as other cards.
This EVGA graphics card is a powerful graphics card for serious miners that features 8GB of GDDR6 RAM and an extremely higher hash rate. It also has a boost clock speed of 1710 MHz, allowing you to mine ethereum and other cryptocurrencies at higher speeds without facing difficulty.
It also has a fantastic hashrate of 60.21 MH/s, which is greater than the majority of the other cards on this list. The presence of a metal backplate and a real boost clock speed ensures stability throughout the mining period, and with its two powerful fans, you can be sure that it will provide excellent performance.
We ran the test on this graphics card for a month in one of our mining farms, and we got an average hash rate of 60 MH/s. It generates roughly $3-5 per day over a month of usage, with an average of $3.8 per day on the Ethash algorithm. It’s really cost-effective; and if you’re new to the crypto mining business, it’s definitely worth its weight in gold.
Hashrate, Profitability & Payback Time of RTX 3060 Ti
Still not sure? Take a look at our snapshot charts of hashrate, power consumption, profitability, and calculate your own profit and payback time.
Hashrate
The hashrate of a graphics card tells us how powerful the card is at mining. The higher the hashrate, the more powerful it is. You can see in the table below, it can also differ from coin to coin;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 60.0 MH/S |
| Ethereum Classic (ETC) | Etchash | 60.0 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 60.0 MH/S |
| Ubiq (UBQ) | Ubqhash | 60.0 MH/S |
| Ravencoin (RVN) | KawPow | 27.0 MH/S |
| Beam (BEAM) | BeamHashIII | 27.0 MH/S |
Profitability
When we talk about the profit potential of this graphics card, our average return is around $4 to $5 per day. The profitability graph above shows how profitable this card has been.
Payback Time
If we look at the payback time, it will take around 9-10 months (based on current stats) to start making a profit on your investment while mining Ethereum – but it totally depends on the future value of Ethereum.
Pros
- Fastest hashrate: 60.21 MH/s
- Metal Backplate and two powerful fans make it more stable during the mining period.
- Affordably priced for an 8GB GDDR6 memory
Cons
- EVGA does not provide any warranty for mining.
My Views?
This EVGA’s RTX 3060 Ti is indeed one of the best GPU for mining in 2024. It has a great hashrate and even greater profit potential, making it earn up to $5 per day with a payback time of 9 months.
This card also has a very friendly price range compared to other cards. The reason why I’m suggesting this is because it’s built by EVGA, the manufacturer of my GPU in the past. And since my experience with the card was good, I would make sure that yours will be too.
2. MSI Radeon RX 5700 XT GPU for Miners & Gamers with 8GB GDDR6 Memory, Dual Fans Crossfire FreeSync Navi Architecture, 1925 MHz Boost Clock, and 54.28 MH/s Hashrate (RX 5700 Xt Mech OC)
The MSI Radeon RTX 5700 XT is another great GPU for mining ethereum and other cryptocurrencies in 2024. It has a beautiful outlook, with two fans and a strong metal plate that gives it stability and high performance.
This GPU from MSI comes with a total of 8GB GDDR6 memory, with a boost clock speed of 1925 MHz to ensure that it will deliver the performance you want when mining. It’s quite steady and heats up slowly thanks to its two fans, which ensures long-term usefulness.
We tested this graphics card on a mining farm for a month and used the model with 8GB of GDDR6 memory. The hash rate was somewhere around 54.28 MH/s, which is quite remarkable for a GPU offering at this price and helped us to earn around $3-4 per day. It’s pretty cool.
The heat dissipation of this video card is excellent, especially for a GPU with two powerful cooling fans. It also consumes about 91W of power, so you won’t have to worry about your power bill going up because of it.
Hashrate, Profitability & Payback Time of Radeon RX 5700 XT
Still not sure? Take a look at our snapshot charts of hashrate, power consumption, profitability, and calculate your own profit and payback time.
Hashrate
We can see from our test that the hashrate for this card is very good with an average of 54.28 MH/s. This will make it generate about $4 to $5 per day, which is quite good considering the current price and ease of use.
Here we’re sharing the hashrates on different coins & algorithms;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 56.5 MH/S |
| Ethereum Classic (ETC) | Etchash | 56.5 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 56.5 MH/S |
| Ubiq (UBQ) | Ubqhash | 56.5 MH/S |
| Ravencoin (RVN) | KawPow | 21.0 MH/S |
| Monero (XMR) | RandomX | 1090.3 H/S |
Profitability
The profitability of this card will be determined by the price of Ethereum and the DAG size, which is presently about $3722 (as of writing this article). Given that a few months ago, this card would have earned you more than $6 per day, it’s not a bad profit.
Payback Time
The MSI Radeon RX 5700 XT will give you good returns in about 8 months of usage. Assuming the current conditions, you will be making around $4-5 per day and it’ll take on average 6-7 months to generate your ROI.
Pros
- It offers an amazing hashrate of 54.28 MH/s.
- It is a dual-fan design that keeps it cool and reduces the chances of thermal throttling.
- Competitive pricing with high profitability.
Cons
- None
My Views?
This MSI graphics card is indeed one of the best mining GPUs in 2024. It’s a fast, powerful, and reliable GPU with two powerful fans and 8GB GDDR6 memory chips, which translates to great performance and hashrate.
Another thing that makes it efficient is the price range. It’s quite competitive compared to other graphics cards and it’s a good deal if you’re new to the mining business. The only downside of this GPU is that MSI does not provide any warranty for its products in the mining industry.
3. NVIDIA GeForce RTX 2080 Ti Founders Edition GPU for Mining with 11GB GDDR6 Memory, 13 Blade Fans, Ray Tracing, and 60.87 MH/s Hashrate
The NVIDIA GeForce RTX 2080 Ti is a behemoth of a GPU that will undoubtedly bring you mining profits in 2024. It’s been built to give the best hashrate and earnings performance possible, making it one of the most sought-after GPUs for crypto miners right now.
The GeForce RTX 2080 Ti comes with 11GB GDDR6 VRAM (352-bit), which can deliver you the best rewards when mining. It also has a dual-fan design that keeps it cool, so you won’t have to worry about thermal throttling. As a result, it’s extremely well-suited for mining rigs.
This video card has a total of 60.87 MH/s hashrate, which is about the same as the RTX 3060 Ti’s reported hashrate of 60.21 MH/s. With an average profit of roughly $140-150 per month, this will make it profitable and effective for mining ethereum or other cryptocurrencies within a few months.
We put this video card to the test by running a mining farm for a month, utilizing up to 12 graphics cards. The hashrate was between 57 and 60 MH/s, which is excellent for a GPU in this price range. This video card’s noise and heat dissipation are also very good, so it will last a long time before you have to worry about changing it.
Hashrate, Profitability & Payback Time of RTX 2080 Ti
Still not sure? Take a look at our snapshot charts of hashrate, power consumption, profitability, and calculate your own profit and payback time.
Hashrate
This is one of the best mining GPUs in 2024 because of its hashrate, which is around 60 MH/s. This will make it generate $140-150 per month, which is quite good considering its current price.
Here’s the table showing the hashrate of this GPU with different algorithms;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 60.87 MH/S |
| Ethereum Classic (ETC) | Etchash | 60.87 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 60.87 MH/S |
| Ubiq (UBQ) | Ubqhash | 60.87 MH/S |
| Ravencoin (RVN) | KawPow | 33.9 MH/S |
| Beam (BEAM) | BeamHashIII | 32.0 H/S |
Profitability
We may evaluate last year’s chart (as shown above), which reveals that this GPU was highly profitable and earned more than $5 to $6 per day. It’s currently being mined at a constant rate of $4-5 per day, and it’ll take approximately 8 months to pay back the investment.
Payback Time
In about 8 months of usage, the GeForce RTX 2080 Ti will pay for itself. You’ll make around $4-5 per day under current conditions and it will take on average 7-8 months to earn your ROI.
Pros
- It offers an amazing hashrate of 60.87 MH/s.
- It is a dual-fan design that keeps it cool and reduces the chances of thermal throttling.
- Competitive pricing with high profitability.
Cons
- Costs slightly more than the RTX 3060 Ti, which has similar benefits.
My Views?
This NVIDIA GeForce RTX 2080 Ti is a serious contender for the best mining GPU in 2024. Being able to reach up to 60 MH/s and having incredible performance is a huge plus. With an 8-month payback period, this is an excellent choice if you want to mine the latest algorithms like Ethash and Equihash.
Another wonderful feature of this GPU is the price range. It’s not prohibitively pricey, and it compares favorably to other graphics cards.
4. XFX Radeon RX 580 GTS XXX Edition with 1386MHz OC+ Boost Speed, 8GB GDDR5 VRAM, Dual BIOS, 32.74 MH/s Hashrate, and 84W Power Consumption (RX-580P8DFD6)
The XFX Radeon RX 580 GTS XXX Edition is another excellent mining GPU on our list. Its design incorporates certain modifications that allow it to operate more effectively and efficiently. It has a hashrate of 32.74 MH/s, which is incredible for a card priced under $600-700.
The cooling system is also worth noting. It features four solid copper heat pipes that distribute the card’s heat, and there’s a one-piece aluminum fin stack heatsink with a 50% larger surface area than typical heatsinks, allowing heat to be dispersed more quickly.
This video card comes with an 8GB GDDR5 memory and a clock speed of 1366 MHz. It’s already a fantastic deal, given the hashrate you’ll be able to produce. It’s also quite power-efficient, thanks to its 84W power conduction.
We put this video card to the test on a mining rig with four of them and the hash rate was around 32 MH/s, which is quite good at this price for an 8GB graphics card. We were able to make about $2-$3 per day from it on the Ethas algorithm. It’s a really nice deal.
Hashrate, Profitability & Payback Time of Radeon RX 580
Still not sure? Take a look at our snapshot charts of hashrate, power consumption, profitability, and calculate your own profit and payback time.
Hashrate
The 32.74 MH/s hashrate of this card is one of the highest that you’ll be able to find at this price range. It’ll generate up to $2-3 per day and you’ll have it paid back in about 6 months if trends continue.
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 32.74 MH/S |
| Ethereum Classic (ETC) | Etchash | 32.74 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 32.74 MH/S |
| Ubiq (UBQ) | Ubqhash | 32.74 MH/S |
| Ravencoin (RVN) | KawPow | 14.0 MH/S |
| Beam (BEAM) | BeamHashIII | 13.5 H/S |
Profitability
Most graphics cards at this price come with 4GB memory, which I don’t recommend based on the current DAG size of 4.635GB for ethereum mining. Get this 8GB version if you want to increase profitability and avoid worries about DAG size growing.
Payback Time
You will receive good returns on this video card and it will pay for itself in about 6 months of usage. On average, if we assume the current conditions, we will make about $2 to $3 per day and it will take us around six months to achieve a return on investment.
Pros
- It has a 32.74 MH/s hashrate.
- It is available at competitive pricing and generates up to $2-3 per day.
- It’s an 8GB GPU with GDDR5 memory chips.
Cons
- None
My Views?
Typically, a graphics card with 8GB VRAM does not cost less than $600 or more than $700; however, this XFX Radeon RX 580 GTS XXX Edition has 8GB GDDR5, which is a significant bonus. It’s especially useful while mining a bigger DAG file (e.g., ethereum with a DAG size of 4.635GB).
This card has been a good investment for us. We’ve made between $2 and $3 per card on average, which comes to about $75-80 every month (based on current data). It’s been put to the test on a few mining rigs with a hash rate of roughly 32 MH/s, which is quite remarkable for this price range.
5. EVGA GeForce GTX 1080 Ti SC2 GPU for Mining with 11GB GDDR5X, iCX Technology, 9 Thermal Sensors, Optimized Airflow, 210W TDP, and 45.69 MH/s Hashrate (11G-P4-6593-KR)
The EVGA GeForce GTX 1080 Ti SSC is another excellent ethereum and other cryptocurrency mining GPU in 2024. It features 11GB of GDDR5X memory, with a clock frequency of 11016 MHz. It’s one of the faster and better graphics cards on our list, which you can get for an effective price.
The video card has an efficient heat sink and vent system to ensure that it runs effectively at high clock speeds. It includes 9 thermal sensors, including the back-plate, which examines the GPU core temperature, VRM, and memory stability. This will allow you to keep track of the card’s stability and performance while mining.
During the month of November, we mined Ethereum and Monero with this graphics card. It has a hash rate of around 45.7 MH/s, which means that it will generate you about $2-3 per day at current rates. It’s also a good choice for gamers on a budget looking for an inexpensive GPU.
Hashrate, Profitability & Payback Time of GTX 1080 Ti
Still not sure? Take a look at our snapshot charts of hashrate, power consumption, profitability, and calculate your own profit and payback time.
Hashrate
The hashrate on this graphics card is excellent with around 46 MH/s and profitability of over $2-3 per day (at current rates and stats).
Here we’re sharing the hashrate of GTX 1080 Ti while mining different coins;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 45.69 MH/s |
| Ethereum Classic (ETC) | Etchash | 53.5 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 53.5 MH/S |
| Ubiq (UBQ) | Ubqhash | 53.5 MH/S |
| Ravencoin (RVN) | KawPow | 25.2 MH/S |
| Monero (XMR) | RandomX | 750 H/S |
Profitability
The profitability will be determined by the current Ethereum price and the DAG size, and it’s quite good at this time. The hash rate is 46 MH/s and it generates revenue of $2-3 per day, making it a good investment.
Payback Time
This card will give you great rewards in about 9-10 months of usage. Assuming the current conditions, you’ll be making around $2-3 per day and it’ll take on average 9.8 months to generate your ROI.
Pros
- It offers an excellent hash rate of 46 MH/s.
- It comes with 9 thermal sensors.
- It has excellent profitability of over $2-3 per day.
Cons
- The price is quite expensive nowadays.
My Views?
The GTX 1080 Ti is a graphics card that is extremely popular among miners because it’s both low-cost and high-performance. It’s one of the greatest selections for miners looking for a graphics card that will assist them in making more money.
This GPU is equipped with advanced iCX cooling technology, which allows it to operate at high clock speeds while remaining cool. This will prevent it from reaching the thermal limit and allow it to run smoothly while maintaining an optimal temperature.
6. MSI Radeon RX 6800 XT GPU for Miners with 16GB GDRR6 VRAM, 256-Bit Memory Interface, 2285MHz Boost Speed, and 65 MH/s Hashrate (RX 6800 XT Gaming X Trio 16G)
The MSI Radeon RX 6800 XT is one of the most powerful and reliable mining GPUs you can find in 2024. It comes with one of the largest memory capacities that the market has ever seen: 16 GB GDDR6, which ensures excellent performance and hash rate when mining Ethereum or other cryptocurrencies.
Thanks to the 256-bit memory interface on the MSI Radeon RX 6800 XT, you are able to efficiently process large amounts of data. In addition to this, this GPU has three fans that effectively dissipate heat ensuring your mining runs smoothly and efficiently. It also boasts impressive performance which can be overclocked to provide even more performance.
When compared with other GPUs with the same hash rate, the MSI Radeon RX 6800 XT is a very cost-effective option. In addition, the Radeon RX 6800 XT from MSI has a hashing rate of 65 MH/s. It is therefore an excellent investment for mining Ethereum, Zcash, and other major cryptocurrencies.
Based on the results of our test, this card has a hashrate of 65 MH/s. This is a pretty high hashrate considering that the average hashrate of the other GPUs in our list is less than 60 MH/s. With this GPU you can easily earn $5 per day, which is quite good.
In addition to being affordable, the MSI Radeon RX 6800 XT is also among the most efficient mining GPUs. This GPU uses only $0.56 of electricity for mining Ethereum per day. It is ideal for those who are looking to maximize profits without spending too much on electricity. This GPU is excellent for both newcomers and experienced miners.
Hashrate, Profitability & Payback Time of Radeon RX 6800 XT
Still not sure? Take a look at our snapshot chart to see the hash rate, profitability, and calculate your own ROI (return on investment).
Hashrate
This GPU has a very good hashrate of 65 MH/s. Compared to the other GPUs, its hash rate is higher, and this means that you will earn more money.
The following table shows the hashrate of this GPU on various algorithms;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 65.0 MH/S |
| Ethereum Classic (ETC) | Etchash | 65.0 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 65.0 MH/S |
| Ubiq (UBQ) | Ubqhash | 65.0 MH/S |
| Ravencoin (RVN) | KawPow | 33.0 MH/S |
Profitability
This GPU is quite profitable considering the hashrate, power consumption, and price. We can see from the chart that it is on of the most profitable GPUs in terms of ROI (return on investment). We can expect this GPU to generate about $4.25 per day on average.
Payback Time
This GPU will give you good returns and it will pay back its costs in about 9-10 months of usage. It is one of the best mining GPUs and if you’re looking to earn more money, this GPU is an ideal choice for you.
Pros
- It has a very good hashrate of 65 MH/s.
- It is a powerful GPU with three cooling fans which effectively dissipates heat.
- It also has 16 GB of GDDR6 memory, which guarantees good performance.
Cons
- 260W power consumption is really high.
My Views?
The MSI Radeon RX 6800 XT is a very good investment for miners who are looking for maximum profitability. This GPU is quite powerful and it can be overclocked with ease to increase its performance even more.
Overall, the MSI RX 6800 XT is another best GPU that you can use for mining. This GPU is one of the most efficient cards in terms of hashrate and it also has three fans which effectively increases its life.
7. ZOTAC Gaming GeForce RTX 3080 Trinity OC GPU for Miners & Gamers with 10GB GDDR6X Memory, IceStorm 2.0 Advanced Cooling, 1800MHz Boost Clock, and 100 MH/s Hashrate (ZT-A30800J-10PLHR)
The Zotac Gaming GeForce RTX 3080 Trinity is another best mining GPU in 2024. It comes with a massive 10GB of GDDR6X memory that guarantees to provide you with the best performance and hash rate.
Thanks to the Nvidia Ampere architecture, this graphics card has some excellent features that make it ideal for mining. It’s a very powerful graphics card that performs well even during intense workloads. The Nvidia Ampere architecture allows you to perform detailed ray tracing, which is new and gives the GeForce RTX a significant performance boost in certain applications.
When compared with the other GPUs, the Zotac Gaming GTX 3080 is among the most efficient mining GPUs. It uses only $0.59 of electricity for mining Ethereum per day. You can reduce your power consumption costs by about 60%. This GPU has a hash rate of 43 MH/s; it is, therefore, an excellent option for newcomers who are looking to mine Ethereum.
Hashrate, Profitability & Payback Time of RTX 3080
Still not sure? Take a look at our snapshot chart to see the hash rate, profitability, and calculate your own ROI (return on investment).
Hashrate
As far as the hashrate of this RTX 3080 graphics card is concerned, it’s quite impressive. You’ll be able to have a hashrate of about 100 MH/s and while mining ethereum you can earn around $7-8 per day with this graphics card.
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 100.0 MH/S |
| Ethereum Classic (ETC) | Etchash | 100.0 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 100.0 MH/S |
| Ubiq (UBQ) | Ubqhash | 100.0 MH/S |
| Ravencoin (RVN) | KawPow | 42.0 MH/S |
Profitability
With this graphics card, we have been able to earn an average of $7-10 per day for a few months, which is quite good. (However, it should be noted that from December onward the average earning has decreased for mining, and now it is generating between $5-7 per day)
Payback Time
If the price of ethereum or another coin you’re mining stays constant for a few days, then depending on where it currently is, you will be able to get your ROI back within 8-9 months.
However, due to the frequent hikes in the price of these coins we’ve seen in the past, we expect that you can get your money back in about 5-6 months at most.
Pros
- It offers a very high hashrate of 100 MH/s.
- One of the most powerful and versatile GPUs ever made.
- You’ll get your ROI back within 7-8 months of usage.
Cons
- It’s a bit pricey.
My Views?
There is no doubt that the RTX 3080 is one of the best graphics cards available for mining and gaming purposes. It comes with a 10GB GDDR6X memory, making it possible for you to mine Ethereum and any other coin without any issue regardless of how big the DAG is.
It is also a great option for people who are interested in setting up a mining rig that has maximum power, since it comes with a 100MH/s hashrate, plus you’ll get your ROI back within 7-8 months.
8. PowerColor Red Devil AMD Radeon RX 6900XT Ultimate GPU for Gamers & Miners with 16GB GDDR6 Memory, Advanced Cooling, 1845 MHz Boost Clock, and 65 MH/s Hashrate
The AMD Radeon RX 6900XT from PowerColor is another beast on our list of the best GPU mining cards because of its outstanding performance and stability. It comes with an incredible performance and 16GB of GDDR6 VRAM, which makes it an ideal graphics card for mining ethereum, bitcoins, and many other altcoins.
This graphics card comes with a powerful heatsink as well as three fans, which prevent the GPU from overheating and extend the GPU’s lifespan for mining. In our test, we also found that this graphics card was able to stay cooler than the other GPUs we mentioned in this article even when running for a longer period of time.
During our testing, we also observed that the GPU was running at a constant hashrate of 65 MH/s – but compared to the price this GPU offers and the hashrate of other graphics cards we have listed in the article, this is surprisingly low performance. Additionally, we were able to make between $5-6 daily with this graphics card, which is a bit higher than the RTX 3060 ti at almost twice the price.
This GPU isn’t just capable of mining, it is also an excellent player in high-end gaming. The card offers an overclocking capability, so it is very versatile and suitable for both mining and gaming.
Hashrate, Profitability & Payback Time of Radeon RX 6900XT
Still not sure? Here is a snapshot chart where you can see the hash rate, profitability, and calculate your own ROI.
Hashrate
The hashrate provided by the Radeon RX 6900XT is around 65 MH/s when mining Ethereum. You can easily mine ethereum, bitcoin, or any other altcoin using this graphics card without having any problems.
Below is a table showing the mining performance of this GPU on various algorithms;
| Coin | Algorithm | Hashrate |
|---|---|---|
| Ethereum (ETH) | DaggerHashimoto ETH | 65.0 MH/S |
| Ethereum Classic (ETC) | Etchash | 65.0 MH/S |
| Expanse (EXP) | DaggerHashimoto EXP | 65.0 MH/S |
| Ubiq (UBQ) | Ubqhash | 65.0 MH/S |
| Ravencoin (RVN) | KawPow | 35.0 MH/S |
Profitability
The profitability of this graphics card is on the lower side in comparison to what we can expect from other GPUs. With this GPU, you will be able to make around $5-6 a day (depending on the stats at the time I wrote this article).
Payback Time
We have found the payback time for this graphics card to be almost two times longer than those of the other GPUs in our test. Normally, we expect GPUs to have a payback time of 200-250 days as an average, but the packback time for this product is about 300-400 days.
You should only consider getting this GPU if you need a newer GPU with the latest technology and future-proof requirements.
Pros
- It comes with 16GB GDDR6 VRAM which is more than enough for mining ethereum, bitcoins, and altcoins.
- It mines at a hashrate of 65 MH/s.
- A powerful option for mining with a three-fan design.
Cons
- For a GPU with a similar hashrate, the cost is almost doubled.
My Views?
I have no doubt that the Radeon RX 6900XT is one of the best GPUs on the market – but, as far as I know, it is not the most powerful choice for mining. It comes with 16GB GDDR6, which somewhat increases performance and will surely last longer than other GPUs – but given the price, I don’t think it’s a wise investment for mining.
The only reason I consider buying this GPU is if I need more memory in my mining setup, or if I want to future-proof my mining set up with the increased DAG size.
Frequently Asked Questions
Still, have doubts? Here are a few commonly asked questions related to the best GPUs for mining. You will surely find the answers to all your questions here.
Q. CPU vs GPU mining? Which one is best?
Mining with the GPU is clearly the most effective way of mining, there is no doubt about that. The GPU can process 3000x more instructions per clock and is much more efficient than a CPU.
In addition, mining with GPUs is easier than mining with CPUs.
Q. Which GPU brand is best for mining
All the brands that we have mentioned in our list work really well for mining – but the top brands most often chosen by miners include EVGA, Gigabyte, Asus, and MSI.
Q. Which GPU is best for ethereum (ETH) mining
It goes without saying that all the graphics cards we discussed in our list perform excellently when mining Ethereum. There is no reason why you should not blindly consider any of them – but to make your choice more profitable, I recommend you choose the GPU with the highest hashrate and the shortest payback time.
In order to make your choice much easier, we have provided you with all the details you need regarding the profitability, the payback time, and the hashrate offered by these graphics cards.
Q. 1080 ti not a good GPU for ethereum mining?
GPUs like the GeForce GTX 1080 ti are really good options for ethereum mining, and NVIDIA cards work well for mining ETH, but which memory option you choose will really determine how well you can mine ETH.
You will need to have a GPU that supports at least 8GB of memory to mine ETH. As a result, the 1080 Ti can be used for Ethereum mining only if you obtain the 8 GB version of the GPU.
Q. Which motherboard should I use with these GPUs?
A lot depends upon what kind of motherboard you intend to use, as well as the number of GPUs you plan to use with the motherboard. As an example, if you’re looking for a motherboard that can support up to 13 graphics cards in your system, then it would be wise to get an “ASRock H110 Pro BTC“.
Keeping your convenience in mind, we have created a separate post featuring the best mining motherboards. Here you can quickly find the most popular motherboard for 6, 8, 10, and 12 GPUs.
Q. Can you mix GPU’s when mining?
There is no problem with mixing different GPUs for mining, but to do so, you need to download their drivers and software. Nevertheless, getting the same GPUs model for every rig is more efficient and you will be able to experience more stability.
Conclusion
We have compiled a list of the best GPUs for mining in this guide. We have also included information about their approximate hashrates, return on investment times, and profitability along with all GPUs.
For those of you, who are new to mining and want to make sure that they have a mining rig that is as efficient as possible, then the most important thing they have to consider is how much memory their GPU has and what the payback time is.
Hopefully, this guide has helped you make a decision on the best GPU out there, and if you have any doubts, don’t forget to share them with us in the comment section below. We will do our best to help you in any way we can.