The incentives will also include allocations for CPU-heavy configurations including memory and storage. The GPU-specific configurations will also include minimum requirements for CPU, memory, and storage. OCL has done the legwork to identify potential providers that can quickly ramp up the supply we anticipate will be ready when the program starts. The pilot program is available for anyone with the right GPUs to participate in and is administered by Overclock Labs.
Buy the best GPU for gaming instead
By eliminating the need for expensive hardware and technical expertise, it offers a more accessible and convenient path to earn passive income through crypto mining. In 2024, platforms like MasHash, ECOS, and StormGain are leading the way, providing best mining gpus robust, secure, and user-friendly services that cater to both newcomers and seasoned investors. There’s been a massive demand for the best mining rigs and mining PCs thanks to the value of Bitcoin, Ethereum and various other altcoins skyrocketing.
NVIDIA GeForce RTX 4080
If you’re okay replacing the card’s fans in the future, or if you want to mod the card with better cooling pads in the first place, you can definitely achieve the NiceHash performance figures. Power use (as measured using Powenetics) would of course increase. Cloud mining has revolutionized the way individuals can participate in the cryptocurrency market.
AMD Radeon RX Vega 56
Jarred Walton is a senior editor at Tom’s Hardware focusing on everything GPU. He has been working as a tech journalist since 2004, writing for AnandTech, Maximum PC, and PC Gamer. From the first S3 Virge ‘3D decelerators’ to today’s GPUs, Jarred keeps up with all the latest graphics trends and is the one to ask about game performance. Extended heatsink allows air to pass through, providing better heat dissipation. DLSS is a revolutionary breakthrough in AI graphics that multiplies performance. Powered by the new fourth-gen Tensor Cores and Optical Flow Accelerator on GeForce RTX 40 Series GPUs, DLSS 3 uses AI to create additional frames and improve image quality.
Best GPU for Mining – Top 6 Choices
- This should help you to quickly see the specifications of each GPU and find out which is the best mining GPU for your personal needs.
- Mining is the process of verifying transactions on a cryptocurrency network.
- Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines.
- We estimate these incentives bring on over 1,000 A100s and are estimated to run for 120 days.
While BTC relies on SHA-256 and Litecoin on Scrypt for its hash function, Ethereum calls on an algorithm called Ethash, created especially for this purpose. In practice, it was designed from the start to prevent the development of dedicated ASICs to mine it. At the time of this writing, Ethereum (ETH) ranks second only to Bitcoin (BTC) in terms of market capitalization, with a total cap of almost $83 (£64) billion. In comparison, Bitcoin’s market cap exceeds $140 (£108) billion (after hitting a peak of more than $325/£251 billion several weeks ago), and Litecoin (LTC), silver to Bitcoin’s gold, crests at only $6.8 (£5.24) billion. BitFuFu excels at providing single-click mining and easy plan management, with a minimum investment as low as $20 to start mining Bitcoin. StormGain serves over five million users across 230 countries, combining cloud mining with high-leverage trading to provide a one-stop shop for all your crypto needs.
It generates roughly $3-5 per day over a month of usage, with an average of $3.8 per day on the Ethash algorithm. It’s really cost-effective; and if you’re new to the crypto mining business, it’s definitely worth its weight in gold. The absolute best mining performance from a desktop graphics card comes from AMD’s Radeon RX Vega 56 and 64, due in part to their 8GB of HBM2 memory on a 2048-bit bus. But those two cards are also the most egregious consumers of power (though optimizing their voltages, clock rates, and temperature limits help immensely). While it’s tempting to favor the flagship for its brute force, an optimized Radeon RX Vega 56 actually serves up superior performance per watt, and at a lower price. This EVGA graphics card is a powerful graphics card for serious miners that features 8GB of GDDR6 RAM and an extremely higher hash rate.
The best GPUs for mining in 2024: Profitability & prices
Generally speaking, the most relevant cryptocurrency projects are moving away from GPU mining, with most opting for either a Proof-of-Stake consensus mechanism or ASIC mining. The NVIDIA GeForce RTX 3080 Ti is the most affordable GPU on our list, although it still costs $850, so it’s not exactly a budget option. The RTX 3080 is based on NVIDIA’s Ampere architecture and features 12 GB of RAM. The state of GPU mining is currently so poor that even the NVIDIA GeForce RTX 4080, which will handle the latest Triple-A gaming titles without a hitch, cannot be used to mine profitably at the moment. Michelle Rae Uy is the former Computing Reviews and Buying Guides Editor at TechRadar. She’s a Los Angeles-based tech, travel and lifestyle writer covering a wide range of topics, from computing to the latest in green commutes to the best hiking trails.