Ethereum has been making headlines for a really long time now, and the hype is fueled by the upcoming launch of the much-awaited Ethereum 2.0 upgrade.
The enthusiasm around the upgrade which will take place by the end of the year and there are already various moves taking place ahead of it.
An essential piece of #Ethereum’s Serenity upgrade, the Beacon Chain’s deposit contract, is live. This begins a transition to #Eth2.@EthDotOrg Guide: https://t.co/PkKwLnXKS4
Deposit Contract Address: 0x00000000219ab540356cBB839Cbe05303d7705Fa
— Ethereum (@ethereum) November 4, 2020
It’s also important to note the fact that the price of the coin ETH has been surging as well, powered by the hype and the overall positive sentiment in the crypto market.
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $491.35.
Mining Ethereum is a profitable activity these days, and in order to do this, you’ll need specialized hardware – graphics processing unit (GPU).
It’s also notable that Ethereum’s devs originally planned for ETH to be mined on CPUs, but after a while, miners found that GPUs offer more hashing power.
In order to find the best GPU for mining ETH, you have to check out the ones with the highest hashing power; there are also GPUs that are using electric power as well.
Another important issue worth noting is that to find the most efficient GPU, the most important thing is a great balance between the power of the rig and the amount that you’re willing to spend on the GPU and the electricity.
Here are the top five GPUs for mining Ethereum.
Radeon RX 5700 XT
The Radeon RX 5700 XT with Triple Dissipation is the top card that ETH miners are using these days.
This unit can mine at around 60 Megahashes per card, and it uses about 68w/card – this comes at around $0.19/day. You can get it at about $400.
Nvidia GeForce GTX 1660 Ti
Some people might prefer Nvidia and Nvidia GeForce GTX 1660 Ti is an amazing alternative to the RX 5700. This sits at 30.5 megahashes/card, at 68w. for this one, you will be paying $120 less.
You can also try older cards but with proved efficiency.
NVIDIA GeForce GTX 1080 Ti
This was released three years ago, but it’s still a great option when it comes to mining Ethereum. It’s able to generate up to $58 monthly income due to the 21.63 MH/s hashrate. It also features great cooling tech.
You can find this at about $700.
AMD Radeon R9 295X2
This was launched back in 2014, and AMD Radeon R9 295X2 can still be an interesting piece of ETH mining hardware.
With this one, you can expect a return of $580 on a yearly basis – it can grant a power cost per day of $1.44. this has a hash rate of 46.0 MH/s, and it’s about $600.
NVIDIA RTX 2060 Super
For mining ETH, NVIDIA RTX 2060 Super has the ability to generate more than $33.05 on a monthly basis, and it has a 35.49 MH/s hashrate.
You can find it at around $400.
Anyway, between Radeon and Nvidia most people are going with the first choice because this is comparable in power to Nvidia, but it’s usually less pricey.