Cryptocurrency mining is one of the most widespread activities in the planet because of its profit-earning potential and the thrill you get when you obtain cryptocurrency, which will later go into your bank account in some way or another.
Not so long ago, cryptocurrency mining, especially Bitcoin mining, was performed on the Central Processing Units (CPU) of personal computers, and it was widely understood that with additional cores and faster speeds, people would get more money. But that system was later substituted, at least in popularity, by multi-graphic card systems that could help miners to find more hashes while optimizing the use of power.
NVIDIA’s newest toy for miners around the world
NVIDIA, an American technology brand, designs and produces graphics processing units, commonly known as GPU, for several fields, including cryptocurrency, gaming, and home use. It has been functioning since 1993. It also works on personal computers, mobile devices, and the automotive industry. NVIDIA is famous worldwide for its GeForce GPU series, which are commonly used for miners in their quest to add transactions to the blockchain and earn monetary rewards.
The GTX 1070 Ti comes to the market as a gaming GPU, although miners, naturally, have taken interest in its features and performance. It is visually attractive, with a colored LED logo and lights. According to some reviews, this card is very similar, if only marginally better, than the AMD RX Vega 64 and less than 10% better than the original GTX 1070 series, although we will talk more about that in a few minutes.
You will need more than your usual share of hardware to adapt your NVIDIA GTX 1070 Ti card: a motherboard such as the ASRock H81 PRO BTC, or the GIGABYTE GA-H110-D3A; an Intel Celeron G1840 for ASRock H81 PRO BTC CPU, or Intel Celeron G3900 for Gigabyte H110-D3A, at least 4 GB of DDR3, a SSD ADATA SU700 120GB, and an Add2PSU Multiple Power Supply Adapter, among other options.
The NVIDIA GeForce GTX 1070 Ti is an excellent graphics card for cryptominers all over the world. It has many interesting features, such as 512 more CUDA cores than the GeForce GTX 1070 while still implementing GDDR5 memory.
When mining Ether, the NVIDIA GeForce GTX 1080 isn’t as good as the cheaper GeForce GTX 1070, because speed and latency of the memory subsystem are deciding factors, and the latter comes up better in the comparison in spite of the former having GDDR5X.
More affordable than the competition, but not the best price
This new option in the market, the NVIDIA GeForce GTX 1070 Ti Founders Edition, can be obtained with $449, which isn’t considered terribly expensive if you consider that the NVIDIA GeForce GTX 1070 Founders Edition has a price of $399, and the NVIDIA GeForce GTX 1080 Ti FE costs $699.
Experiments have shown that the all-new NVIDIA GeForce GTX 1070 Ti with 432 CUDA Cores and 8GB of GDDR5 memory at 8Gbps is faster for Ethereum mining than, say, the GeForce GTX 1070. However, the margin is awfully small (only 0.2 MH/s), so the additional CUDA cores don’t heavily affect the performance. Let’s remember that both cards have equal bandwidth (256 GB/sec.)
The memory subsystem performance showed that some of the GeForce GTX 1070/1070 Ti cards stayed at 2000 MHz when mining, while others dropped to the 1900 MHz range. The problem seems to be present only for mining because other 3D applications didn’t drop the memory clock. However, manually overclocking the memory to the maximum level will get the best from the card anyway, so you don’t have to worry so much about this little issue.
On an overclocked 1070 Ti card, you will get close to 31 MH/s in performance, which represents roughly a 10% jump in production when compared to the EVGA GeForce GTX 1070 Ti FTW2. With the latter, the Graphics Processing Unit (GPU) was at 65C after mining for nearly nine hours in the open air, at approximately 634 RPM.
Both video cards, the EVGA GeForce GTX 1070 Ti FTW2 and the NVIDIA GeForce GTX 1070 Ti Founders Edition, are very similar in performance and power consumption, but since the former is $50 more expensive than the latter, then the decision is a lot easier for miners.
The NVIDIA GeForce GTX 1070 series cards give users better value for their price
However, the elite are still the NVIDIA GeForce GTX 1070 series cards. It offers miners some of the best features and performance in the market while costing just $379. With them, you could reach 33 MH/s by overclocking, a number that either the EVGA GeForce GTX 1070 Ti FTW2 and the NVIDIA GeForce GTX 1070 Ti Founders Edition could reach. In spite of having extra CUDA cores, the 1070 Ti aren’t particularly better for Ethereum miners.
In conclusion, while the NVIDIA GeForce GTX 1070 Ti has many interesting features that set it apart from its peers, evidence still suggests that the NVIDIA GeForce GTX 1070 series cards are better and more suitable for mining Ethereum, because, among many other things, it achieves better performance while using similar amounts of energy and power.
There is no denying that the NVIDIA GeForce GTX 1070 Ti has many positive traits. It has an excellent cooling system, it has mosfets and capacitors that make it durable and stable, it has even further overclock potential, it is silent and convenient for many environments, and is stylish and good-looking. However, it may be better suited for gamers than it is for cryptominers, and can be sold as a card for gamers with no issues. When it is set on factory configuration, the NVIDIA GeForce GTX 1070 Ti has a disappointingly low hash rate, and if you take in consideration the price, you can say it is good, but not top-notch.
NVIDIA GTX 1060 Mining Review
For those users that are not able to get their hands on some AMD Radeon RX 480 or Radeon RX 580 video cards, and still are not wanting to pay the higher price for the Nvidia Geforce GTX 1070 that is also becoming more and more out of reach, there is always the Nvidia Geforce GTX 1060 that is certainly worth taking a look at. Many users have probably already noticed that these cards are still easily found with most retailers and they are also pretty great in terms of mining Ethereum.
Ethereum Hash Rate:
- Power Consumption: 110W
- Hash Rate: 22 MH/s
Ethereum Hash Rate (modded):
- Power Consumption: 65W
- Hash Rate: 30 MH/s
Source: Forum Ethereum
As many users probably already know, the GTX 1070 Founders Edition has proven to have a really great hashrate that is about 27 MH/s when it comes to stock form, and it also can easily go over 30 MH/s when it comes to the memory being overclocked. Many users also probably know that many of the Geforce GTX 1070 8GB cards are more than $400.00, and so there is a lot to love about the lesser priced Geforce GTX 1060 cards that are on the market.
Fortunately for users, this card is able to be found at almost every retailer and it usually only $249.99, or around that. Also, depending on which model you are able to get your hands on, you will notice that they have a hashrate that can be 18 to 19 MH/s, or around this. For users that are able to overclock the memory for this card, the hashrate will then go up to about 22 to 23 for many of the cards that users are able to get. If you were to get your hands on 6 of these cards, then you would be able to get around 135 MH/s for only around $1,500.00 to $2,000.00.
Users that are able to get the memory overclocked for the Nvidia Geforce GTX 1060 will be able to make around $1,700.00 every year, and this is based upon the prices of Ethereum for right now. Users that are able to lower the power target will see that their power bill is able to be lowered by around $50.00 per year, but this will also mean that they will be mining a little bit less than normal. One of the best reasons for lowering the power target for it is that there will be less noise and heat.
Final Thoughts on The NVIDIA GEFORCE GTX 1060
The Nvidia Geforce GTX 1060 certainly is a great investment, especially if you are going to buy in bulk. For users that are not able to afford the Nvidia Geforce GTX 1070, and those that are not able to get their hands on the AMD Radeon RX 480 or Radeon RX 580 video cards, this option is certainly a great one. All in all, it is a great card, and it is worth the price when you look at how much you could be making in profit per year.
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