GPUs in Short
The Best GPU For Mining Are
- Nvidia GeForce RTX 2070 Super
- Nvidia GeForce RTX 2080 Ti
- Nvidia GeForce GTX 1080 Ti
- AMD Radeon RX 5700 XT
- AMD Radeon RX 5700.
Best GPUs for Mining
Here you can find more indepth information about each mining GPU.
What is GPU Mining?
GPU Mining is the act of using the power of your graphics processing unit (graphics card) to carry out calculations in return for which you get cryptocurrency. At its core, it’s a simple concept. However, to do it effectively and profitably does require some research and tools, namely a specific GPU as listed above.
What to Mine?
Which GPU to use also depends on which cryptocurrency you’d like to mine. Different cryptocurrencies require different algorithms to mine them, and different GPUs handle different algorithms better. It might sound slightly complicated, it is relatively straight forward.
The most popular cryptocurrencies to mine are, unsurprisingly, Bitcoin and Ethereum. However, you can use a website such as WhatToMine to see the profitability of a given GPU for different cryptocurrencies.
In essence, using your budget you can see what GPUs are available in your price range. You can then determine how much profit you can expect to make with different GPUs to then help you decide on your ideal GPU and coin combination.
Of course, the industry does change and fluctuate so what might be profitable to mine one day, might not be the next. We’d recommend regularly checking back to see what the best coin is to mine with your selected GPU.
How to Mine?
Tips to Follow
Here are some general tips and tricks to use when you’re trying to decide which mining GPU to buy.
Use a Calculator
There is a whole range of calculators only that will help you calculate the profitability and mining potential of different graphics cards. You can use these to help determine the best GPU for your use case, however, the above list is kept regularly updated to ensure we provide you with the best choice and save you time having to Google around for hours.
Since you’ll be pushing your graphics cards to their maximum potential it might make sense to buy them used. With both NVIDIA and AMD constantly releasing new graphics cards, the used market usually provides good potential.
AMD vs NVIDIA
As with a gaming GPU, there are arguments over which manufacturer to use for mining. In all honesty, both companies produce fantastic graphic cards. While AMD did use to dominate the market, the latest generation of NVIDIA cards also do a fantastic job.
Overclock your GPU
It’s possible to overclock your GPU to get the best mining hash rate. However, this can void your warranty and also significantly increase your power draw and electricity costs.
Use Server Power Supplies
Keep Your Warranty
If you’re buying your graphic card new, then make sure you put your warranty in a safe place. When it comes to mining, your GPUs will be working at 100% if not more. Therefore, you might lose a GPU every now and then. If they are still in warranty then you’ll be able to get them replaced or repaired for free which is a fantastic thing. Do check your warranty though as sometimes manufacturers and sellers will have a clause against using GPUs for mining specifically due to the previous reason.
Speculate or Don’t?
When you calculate how much profit you will make with mining you always use the current data (mining difficulty and coin price). Therefore, you’re assuming that any coins you’ll mine you’ll convert to fiat immediately. Therefore you have a decision to make: to speculate or not. Unfortunately, market speculation isn’t an easy thing to do so while it does give you the chance to increase your profit, even more, it does require you to learn an additional skill.
Alternatives to Mining
Instead of mining cryptocurrencies, it might make sense to instead use the money you’d spend on the equipment and instead buy cryptocurrency with it. Whether you want to buy bitcoin or another currency is up to you to decide. Both options have their pros and cons. As the name of our site suggests we believe that GPU mining is better as it allows for greater flexibility down the line and in our opinion requires less speculation and is more stable in the longterm.
Here are some commonly asked questions about the mining process and choosing the best GPU for mining in 2020.
Can you mix GPUs for Mining?
Yes, you can mix GPUs for mining. However, not all GPUs work with each other and it can be more complicated to set up and manage. We’d recommend staying on the safe side and using one type of GPU per mining rig.
What GPU has the highest hashrate?
As discussed, the highest hashrate GPU will depend on what cryptocurrency you’ll be mining. Generally speaking the more expensive a GPU, the higher the hashrate. However, these are usually not the best for mining as they consume too much electricity.
What graphics card is needed for mining?
We’ve covered the best GPUs for mining above. However, if you’d just like to play around and experiment then literally any modern-day GPU will allow you to mine coins.
What are the most important factors to consider?
The most important factors to consider when choosing your GPU are hashrate and profitability. It doesn’t matter if your GPU has a high hashrate if you need to spend all of your income to support its power consumption.
There you have it. The best GPUs you can use for crypto mining in 2020. Whether you’ll end up using NVIDIA or AMD video cards, it’s completely up to you. Either way, we wish you luck with your cryptocurrency mining adventures and if you ever get stuck or have any questions, then get in touch with us and we’ll help you as much as we can.