How to Choose GPU for Cryptocurrency Mining?

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Are you facing any difficulties while making an unambiguous verdict to choose the GPU for Cryptocurrency mining?

Surely, you are not aloof about the buzz surrounding the Cryptocurrencies. It seems everyone is talking about Bitcoin.

Bitcoin is one such variant among the several existing Cryptocurrencies. The emergence of other Cryptocurrencies has now overshadowed the immense popularity of the Bitcoin. If you want to plunge into the action for Cryptocurrency mining, you have to get the best GPU that can meet the essential requirements in every realm.

Here in this article, we are going to unfold it entirely in order to get you an ideal guide for best GPUs you can buy for Cryptocurrency mining. At first, we are going to put down why GPUs are indispensable for mining Cryptocurrencies.

Importance of GPU for mining

gpu for cryptocurrency mining

GPUs have now become absolutely necessary for Cryptocurrency mining. They are far superior to the CPUs as most CPUs do not have a high processing speed. Additionally, CPUs are known for higher power consumption which invariably leads to a lower output. These factors made it inevitable to search for a suitable alternative.

Thus, the introduction of GPUs came as a welcome relief for the Cryptocurrency miners. GPUs offer multiple advantages for Cryptocurrency mining, and these are as follows:

  • Even a standard GPU is capable of providing exceptional processing speeds, for instance, they can execute 3200 32-bit instructions per clock. The pace is at least 800 times faster in comparison to that of a standard CPU.
  • GPUs are capable of processing videos, and thus they are always able to perform better and faster than the CPUs. Here is a practical example. When you are playing a 3D movie the GPU will consistently process identification information to the screen randomly, a CPU on the other hand in addition to handling the video also needs to take care of other functions. So, there is always going to be a limitation on their performance.
  • Cryptocurrency mining requires the qualities mentioned above of the GPUs. Every mining procedure requires the GPUs to compute repetitive actions. The main idea of mining is to decode the various hashes on a constant basis. Interestingly, it involves changing one digit only when the data changes to hash. A CPU is never going to do such computations efficiently.
  • In comparison to the CPUs, GPUs have a wide range of Arithmetic Logical Units (ALU). These ALUs can efficiently handle the complex mathematical calculations. Therefore, the higher efficiency of the GPUs can help the Cryptocurrency mining greatly.

A few important points you should know

Do not rush to buy a GPU as of yet. Firstly, you will have to understand the three pivotal statistics of a GPU and these are, MHash/s (hashes per second), MHash/j, (hashes per joule) and MHash/s/$ (hashes per second per dollar spent on the GPU). Here we look at them elaborately:

  • MHash/s: The MHash/s is going to tell you about the number crunching ability for mining Cryptocurrency. Naturally, a higher number will indicate the ability to process the hashes at a brisk pace. Your primary aim is to handle as many hashes to finish of mining a chunk of Cryptocurrency.
  • MHash/j: The MHash/j is an indicator of the total amount of hashes the GPU can process after consuming 1 joule of energy. So, now you can easily be able to know the amount of electricity necessary for the mining work. Therefore, when you are looking to get you a new GPU go for one that has a higher number. The number factor is particularly vital for those individuals who require their mining operations to be functional for a more extended period.
  • MHash/s/$: When you are performing the mining, usually, it will be chunks of cryptocurrencies. The MHash/s/$ will notify you the efficiency of the GPU in crunching these numbers concerning the cost of it. Again, a higher number indicates a GPU is capable of crunching in the dollar for dollar equation, and this is what you require in your GPU for mining.

Think Rational while buying a GPU

Now that you know the essential factors leading you to get the best GPU, you will surely look for higher values of the MHash/s, MHash/j, and MHash/s/$. Unfortunately, you will not be able to find the perfect GPU that excels in all these three departments. For this, you ought to do some research. For example, you can go for add-ons to make the GPU perform better.

Well, we presume, some of you are still wandering helplessly, unsure about the best GPU for Cryptocurrency mining. Don’t worry, here again; we have simplified the task for you. We have reviewed some of the best GPUs that you can opt.

1) Nvidia Geforce GTX 1070

We know, the name Nvidia Geforce is synonymous with gaming. But, make no mistake this GPU is an excellent choice for Cryptocurrency mining. The USP of this GPU is, it has a high hash rate and also does not require much power. However, it is a touch expensive.

  • Core Clock: 1,784MHz
  • Memory: 8GB GDDR5
  • Memory Clock: 8Gbps
  • Power Connectors: 1 x 6-pin
  • Power Draw: 170W
  • Outputs: 3 x DisplayPort 1.4, 1 x HDMI 2.0, DL-DVI

2) AMD Radeon RX580

 

Ideally, this GPU should serve the purpose of all the individuals who are into Cryptocurrency mining. The price is affordable and has all the essential ingredients that make it the ultimate GPU for Cryptocurrency mining.

We were unable to find any flaws in this card. But, here comes the bad news, the demand for this GPU has sky-rocketed over the years. You may not be able to find it easily as it often becomes out of stock.

  • Core Clock: 1,257MHz
  • Memory: 8GB GDDR5
  • Memory Clock: 8Gbps
  • Power Connectors: 1x 8-pin, 1 x 6-pin
  • Power Draw: 185W
  • Outputs: 1 DisplayPort 1.4, 1 x HDMI 2.0

3) Nvidia Geforce GTX 1060

 

The latest release from Nvidia should be the best substitute for those who are unable to buy the AMD GPU due to its unavailability. The price of the Nvidia 1060 is identical to that of the AMD. Though the card is not the ultimate, it still manages to perform well over a lot of other GPUs. So, till you manage to lay your hands upon the AMD GPU, you can carry on your Cryptocurrency mining using this GPU.

  • Core Clock: 1,506MHz
  • Memory: 6GB GDDR5
  • Memory Clock: 6Gbps
  • Power Connectors: 1 x 6-pin
  • Power Draw: 120W
  • Outputs: 3 x DisplayPort 1.4, 1 x HDMI 2.0, DL-DVI

Cryptocurrency mining is all set to experience a further boom in the future. Developers are already working on building advanced devices like Field Programmable Gate Arrays (FPGAs) and the Application Specific Integrated Circuits (ASICs). These devices are much more potent than GPUs.

Learn more:

Conclusion:

That’s all folks. Here is the complete definitive guide that is curated based on how to choose GPU for Cryptocurrency mining. Taking the aforementioned key points into consideration one can easily get him/her the best GPU for Cryptocurrency mining purpose. Everything seems monumental at first, but once you get to know the core components, you are all set to go. Same we have done above, in order to perceive you a clear image.

Hopefully, with this information, you can now proceed and perform Cryptocurrency mining competently by selecting the best GPU.

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