Now that we come to the end of 2020, the major hardware manufacturers are starting to announce the latest and fastest deals that will be released before the holiday. Meanwhile, the cryptocurrency mining market continues to grow rapidly, regardless of the cause. Here is an overview of which manufacturers offer the best graphics cards on the market, and which cards are suitable for specific types of mining.
Bitcoin or Ether?
In terms of choosing a cryptocurrency for mining in 2020, there have been no major changes. This year, most video cards can still break ETH or prongs. As for Bitcoin (BTC), mining stopped the world’s first cryptocurrency from becoming available to ordinary people a few years ago, as it requires serious investment, special equipment, and access to large amounts of cheap electricity.
This is even more important now, as BTC mining generates half of the revenue after cutting the bonus in half in May. Mining continues to grow, and in September it set a record 19.31 trillion in block 649152.
As a result, many popular devices like Antminer S9 are outdated. After cutting in half, the most profitable miners were Whatsminer M30S ++ from the Chinese company MicroBT, which can offer retail prices of up to 112 terraschas per second and make a profit of just over $ 8.50 per day, as well as Antminer S19 Pro from Bitmain, which It can hit retail prices of 110 TH / s and make a daily profit of just under $ 8.50. But the prices for these miners are quite high: Whatsminer M30S ++ costs $ 1,800 while the Antminer S19 Pro is $ 2,407.
When it comes to Ether and its thorns, GPU mining is on the rise again for several reasons. First, Ethereum’s hash rate has decreased by 15% in the last two years (compared to August 2018) and is now at 256,221 TH / s. This means that it is now easier to obtain the ether.
Second, both newer and old card models can still be used for mining. For example, the Nvidia 1050 Ti launched in October 2016 and the Radeon RX 580 released in April 2017 is still very popular. The prices of these old cards are constantly dropping as new cards are issued, encouraging miners to return to the market. But most importantly, the price of ETH has tripled from the beginning of 2020 to the beginning of September, which makes Ether still very profitable for me.
Another factor attracting the interest of miners is the upcoming move to Ethereum 2.0 and Proof-of-Stake, which is expected to start before the end of the year. A representative of the popular online calculator WhatToMine to assess the profitability of cryptocurrency mining told Cointelegraph that demand for ether will continue to be in demand not only this year but also in 2021:
“In this cycle, we can expect further expansion of DeFi projects, which in turn will make the ETH network increasingly popular. As a result, the block reward for ETH (a portion of the commission) should be increased periodically with a general upward trend, which will make ETH mining the most. Most profitable for a two-metal GPU. ”
What to buy
At the start of the year, Cointelegraph examined the graphics cards of the largest manufacturers of Nvidia and AMD, and Nvidia cards appear to have taken over the mining industry. But given that Ether has got a new lease on life, AMD cards should not be discounted, because the company’s generations of Vega and RX are still very suitable for Ethash’s algorithms.
Regardless of the manufacturer, the most important factor is return on investment, as any miner must first invest an appropriate amount of money before earning anything. Standard installation requires six graphics cards, and as a result, a miner can spend more than $ 9,000 buying the popular Nvidia RTX 2080 Ti with 8 or 11 GB of RAM. But what about those who can’t afford the top shelf, but still want to make money? Here are some of the most popular Ethereum GPUs that are currently under $ 400.
Nvidia GTX 1660 Super
This card was released in October 2019, which means that the technology is still up to date. The graphics card has 6GB of memory and Turing architecture that runs at a higher clock speed, uses less power and is 20% better than the GTX 1660. The price for this model ranges from $ 240 to $ 250.
AMD Radeon RX 5700 and RX 5700 XT
In the summer of 2019, AMD introduced a new series of graphics cards in the RX 5700 Series to the market. These cards use FinFET technology, which provides better energy efficiency in mining due to the lower size of electronic components and lower power consumption.
The RX 5700 specification includes 8GB GDDR6 memory and 180W power consumption. The RX 5700 XT consumes 225 watts of power, but the base clock is also 10% higher than the RX 5700. These cards are a bit more expensive –