Our world is becoming more and more digitalized. Our homes can talk to us, we can look inside of our refrigerators to see what we need without ever opening the door. We can control the lights in our house when we are across the state. Needless to say, technology is in every part of our lives, so it should be no surprise that even our currency is becoming digitalized.
How is that, you ask? With cryptocurrencies like Ethereum, which is cultivated through Ethereum mining.
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Ethereum mining is a process that requires a lot of computer power and work. To mine, you are participating in a cryptocurrency network that is driven by a group of your peers. The miner (you) will be rewarded for solving complicated math problems. While you aren’t actually doing the math for these problems, your computer uses mining applications to solve them.
The simplest answer is that it is profitable. If you do it correctly, you can earn a lot more money by selling the mined ether (ETH) than what you spend on electricity. It should be said that ethereum mining profitability really depends on how much money you are willing to spend on upgrading or building a computer that is designed specifically for ethereum mining.
If you intend on trying your hand at ethereum mining, it’s important that you have at least 30GB of free space on your hard drive for blockchain and other essential software.
To start mining you will want to follow these steps:
Sounds simple, right? You can make things a little simpler on yourself by directing your GPU toward a ethereum mining pool because you have better chances of earning Ether in a regular, more predictable way.
If you’re interested in mining for ethereum, you need to have a good machine to do it. Ideally, you’ll want to build your rig to be as future proof as possible, so that your rig isn’t going to become obsolete in a few years. Your GPU has to have enough RAM to cache it, so it’s a good idea to use 8GB cards.
To build it, you will need:
Now that you have all your components together, all that’s left is to put it together and install the operating system and your software.
Before you decide that you’d like to start mining for ethereum, you first need to decide if it is going to be profitable for you. At first glance, it’s going to be incredibly easy, but you should know that mining is going to be a lot like trading stocks.
The value of cryptocurrency is going to fluctuate, your hardware may break down, and a bunch of other things could happen. So, it’s a good idea to think of how much profit you can expect with a certain time frame. The advantage of mining is that the prices of your Ethereum is going to be more stable and then at the end of the day, you’re still going to have your mining rig. If you choose the components correctly, it isn’t going to lose much of its value.
Before you can calculate you will be making, you need to calculate your hashrate and payout. To do that, you need to figure out the hashrate of your GPUs, which you can do with Google. You can also use a site like CryptoCompare to determine what the best GPU is for the money.
Once you’ve chosen your GPU that provides a reasonable hashrate within your budget, you can then go to CoinWarz to see what your expected payout will be.
After you’ve done all that, you will want to calculate the cost of your electricity. Look at the card and see how many watts of power they require and how much money you will be spending to pay. To do that, convert the watts to kilowatts and then multiply them together. So, for example, if you’re using a GPU that uses 150W and it costs $0.10 per KW/h. You will do 0.15 x 0.1 = $0.015 per hour to run the rig, which equates to $0.36 per day.
Now that you’ve figured out how much you are going to make and how much you are going to be spending, you can then see how long it will take for your mining to pay off and decide if it is worth it to you or not.
If you find that it is worth it to mine, then we’ve got a few great GPU options worth consideration.
Forget graphic cards that aren’t going to live up to next generation games. This card is capable of turning even the most demanding games into an incredible cinematic experience that is fluid, crisp, and breath-taking. This graphics card features FreeSync, which works at the speed of your game for great responsiveness and unparalleled smoothness. If you’re looking to improve your Ethereum mining equipment while staying on budget, this is a great option, as it is priced under $120
Notable features of the XFX Radeon RX 460 2GB Passively Cooled Graphics Card include:
When looking at what people had to say about the XFX Radeon RX 460 2GB Passively Cooled Graphics Card they had great things to say. People were impressed by how well it is capable of rendering next generation games without any lagging. Customers felt that with this card, they can play demanding games on the highest settings and they would run beautifully every time.
With every good there will be some complaints, as customers found that the drivers in the card had a tendency to stop working. Some have also said that when they were playing games with this card installed, the screen would start to flicker and even cause the system to freeze only after 10 minutes of gameplay.
If you’re a hardcore gamer or if you want to find the best card for mining ethereum, perhaps you’ll find that this particular card is worth the look. This card features DirectCU II technology, which transports heat away from the GPU, allowing it to outperform reference designs, giving you up to 30% cooler gaming performance. The patented wing-blade desin delivers maximum air flow, thus creating 105% greater static pressure over the heat sink while operating 3 times quieter than reference cards.
Notable features of the ASUS ROG Strix Radeon RX 570 O4G AMD Graphics Card include:
When looking at what people had to say about the ASUS ROG Strix Radeon RX 570 O4G AMD Graphics Card they had great things to say. People loved how quiet the card was, without losing any speed. Some have said that they were impressed by the improvements AMD have made with their open source drivers and this is exceptional, as it plays HD games like a champ.
We were pleasantly surprised by the fact that there weren’t any complaints registered about this card. It would appear that people really enjoyed this card and how it performed.
For an enhanced gaming or mining experience, this ASUS graphics card features MaxContact technology which features copper heat spreader that is in contact with the GPU is an industry-first cooling technology, allowing for twice as much contact with GPU for increased thermal transfer.
The 2.5-slot width allows 40% more heat sink surface area, giving you a dramatically cooler and quieter performance. The FanConnect II features 4-pin hybrid-control headers that you can connect to PWM and DC system fans for top notch system cooling.
Notable features of the ASUS ROG Strix 580 08G AMD Graphics Card include:
When looking at what people had to say about the ASUS ROG Strix 580 08G AMD Graphics Card they had great things to say. Customers like that the this graphics card has excellent cooling and headroom for overclocking. Folks like that there are two additional 4-pin fan headers, saving you from having to use splitters for extra fan chassis.
With every good there will be some complaints, as customers found that the product was the price. Because there is such a high demand for top rated graphics card so they can upgrade their PCs for ethereum mining, these cards are going to be scarce or very high priced.
For the best GPU for mining ethereum, perhaps the Sapphire Radeon NITRO+ Rx 480 8GB Graphics Card should be your next graphics card. You can experience the revolutionary FinFET 14 nm technology within the Sapphire Nitro+ without worrying about consuming a lot of energy, it overheating, or it being too noisy. With this card, you can expect terrific performance per watt results because the numerous custom AMD enhancements this card features, all of which have been applied to a tiny Polaris chip.
Notable features of the Sapphire Radeon NITRO+ Rx 480 8GB Graphics Card include:
When looking at what people had to say about the Sapphire Radeon NITRO+ Rx 480 8GB Graphics Card they had great things to say. Customers found that the card has good clock speed and excellent cooling. They like that the logo on the side has color change LED which you can customize. When people upgraded to this from previous models, they were impressed that the unit stayed right around 75 degrees at 1365 mhz and 2250 memory.
With every good there will be some complaints, as customers found that the product was that their card stopped working only after using it for a month. A few people have said that their card created a lot of buzzing, which was quite annoying. People have also mentioned that the fan was defective on their units, causing the card to overheat pretty quickly.
If you’re looking to improve your ethereum mining rigs without spending a small fortune before you ever make it, then this powerful card may be something to consider. This graphics card supports DirectX12 and the high bandwidth GDDR5 technology provides you with a fast, energy efficient, and smooth experience. With this card, you’re going to have 13% cooler GPU MOSFETs and 15% cooler memory, plus it’s going to run much quieter than previous generations of the GeForce card, thanks to the PrecisionX OC technology. .
Notable features of the EVGA GeForce GTX 1070 Gaming Card include:
When looking at what people had to say about the EVGA GeForce GTX 1070 Gaming Card they had great things to say. People liked that when they upgraded their old cards to this one, they were able to see a difference right away. People like that their computers run much smoother and silently, which is perfect while ethereum mining. The unit also features 8GB of VRAM, making it a solid performing card until you want to upgrade your graphics card again.
With every good there will be some complaints, as customers found that the product was that their card made a blue screen only after using it a handful of times. Some have also said that the card would either produce small grey lines on the screen in some areas, or it would turn the screen completely black, much to their frustration.
Ethereum mining can be incredibly lucrative, if you have the proper hardware to do it. You can’t just use the same computer that you use for everyday activities like watching YouTube or sending emails. You need a computer with a high powered graphics card because mining for ether is very time consuming (on your ethereum mining hardware) and on your electric bill.
Out of these five products, we wish we could say that they are all great candidates. While they are great graphics cards, not all of them are readily available, which is a huge disappointment. The Sapphire and ASUS 570 cards are currently unavailable on most online vendors, but that doesn’t mean you’re out of luck.
If you want to improve your rig specifically for ethereum mining, you can do it fairly inexpensively. The Radeon RX460 graphics card is an excellent choice, and it is less than $120. It can give you a smooth gaming experience without breaking the bank. Be mindful that because it only has 2GB of DDR5 memory, you may have to upgrade your card later down the line.