This website primary focus is all about GPU and CPU mining. And I’ve already listed most of the cards for mining here. But back then, the price of Bitcoin was $3,860. Right now, it’s floating around $8,500, so I’m ready to analyze Bitcoin mining with GPU again.
How to pick the best GPU for Bitcoin mining
As with any other method, Bitcoin mining with GPU is all about profitability. And to pick the most profitable GPU for mining, you need to pay attention to three things:
- GPU mining hashrate(mining speed)
- power consumption(how much electricity it spends), and
- GPU price(this one should be self-explanatory)
GPU mining performance is usually measured in hashes per second(H/s) or Soles per second(Sol/s). However, telling you that an Nvidia GTX 1060 6GB has a hashrate of 24 MHash/s won’t make much sense to you, especially if you’re a beginner. Furthermore, different coins have different mining difficulty, so mining with same GPU will yield different amounts of different coins over the same time.
Like that’s not complicated enough, mining the same amount of Bitcoin will give you different profit, depending on how much your GPU is spending power, as well how much you pay for that power.
And as you already learned- the GPU price must be added to the equation as well.
Graphics cards are usually the most expensive part of the mining rig(or PC), and after all they are the ones that perform mining. That’s why picking the right GPUs for your mining operation is essential.
Luckily for you, picking the right GPU for mining in 2019 isn’t as nearly complicated as you may think by now. Gathering the data and showing it in a table can make all the difference:
GPU mining data in 2019
|GPU||GPU Earnings/day(zero electricity cost)||GPU Earnings/day($0.05/kWh electricity cost)||GPU Earnings/day($0.10/kWh electricity cost)||GPU Price(cheapest I found for used or new for newest models)|
|AMD Radeon R9 380||$0.48||$0.31||$0.14||$80|
|AMD Radeon R9 FURY||$0.44||$0.18||-$0.09||$250|
|Radeon™ RX 470||$0.63||$0.49||$0.34||$100|
|Radeon™ RX 480||$0.71||$0.55||$0.39||$120|
|Radeon™ RX 570||$0.68||$0.53||$0.39||$130|
|Radeon™ RX 580||$0.73||$0.57||$0.41||$140|
|Radeon™ RX Vega 56||$1.03||$0.73||$0.43||$330|
|Radeon™ RX Vega 64||$1.08||$0.76||$0.43||$350|
|GeForce GTX 1050 Ti||$0.34||$0.25||$0.17||$110|
|GeForce GTX 1060||$0.54||$0.44||$0.33||$175|
|GeForce GTX 1070||$0.75||$0.59||$0.44||$260|
|GeForce GTX 1070ti||$0.79||$0.63||$0.48||$350|
|GeForce GTX 1080||$0.89||$0.75||$0.57||$390|
|GeForce GTX 1080ti||$1.20||$1.01||$0.77||$470|
|GeForce GTX 1660||$0.67||$0.56||$0.44||$219|
|GeForce GTX 1660ti||$0.67||$0.56||$0.45||$279|
|GeForce RTX 2060||$0.86||$0.70||$0.54||$410|
|GeForce RTX 2070||$0.97||$0.79||$0.61||$530|
|GeForce RTX 2080||$1.26||$1.03||$0.80||$790|
|GeForce RTX 2080 Ti||$1.51||$1.25||$0.98||$1700|
As you may notice, there are some differences compared to the previous table. Most importantly, the profitability is up. But besides that, we also have two newcomers in the cheaper range- Nvidia GTX 1660 and Nvidia GTX 1660Ti, both released in March 2019.
In February 2019, quite a few GPUs were unprofitable(spending more electricity than generating Bitcoin). Now the only unprofitable GPU is AMD Radeon R9 FURY, and only if your electricity costs are $0.10/KWH.
Now that we know how much we can spend, let’s take a look at ROI(return on investment), so we can pick the best GPUs for mining in 2019. We will calculate ROI as price/earnings so we can see how many days it takes to pay off the GPU before you can start yielding the profit:
|GPU||GPU ROI(zero electricity cost)||GPU ROI($0.05/kWh electricity cost)||GPU ROI($0.10/kWh electricity cost)|
|AMD Radeon R9 380||166 days||258 days||571 days|
|AMD Radeon R9 FURY||568 days||1388 days||Unprofitable|
|Radeon™ RX 470||158 days||204 days||294 days|
|Radeon™ RX 480||169 days||218 days||307 days|
|Radeon™ RX 570||191 days||245 days||333 days|
|Radeon™ RX 580||191 days||245 days||341 days|
|Radeon™ RX Vega 56||320 days||452 days||767 days|
|Radeon™ RX Vega 64||324 days||460 days||813 days|
|GeForce GTX 1050 Ti||323 days||440 days||647 days|
|GeForce GTX 1060||324 days||397 days||530 days|
|GeForce GTX 1070||346 days||440 days||590 days|
|GeForce GTX 1070ti||443 days||555 days||729 days|
|GeForce GTX 1080||438 days||520 days||684 days|
|GeForce GTX 1080ti||391 days||465 days||610 days|
|GeForce GTX 1660||326 days||391 days||497 days|
|GeForce GTX 1660ti||416 days||498 days||620 days|
|GeForce RTX 2060||476 days||585 days||759 days|
|GeForce RTX 2070||546 days||670 days||868 days|
|GeForce RTX 2080||626 days||767 days||987 days|
|GeForce RTX 2080 Ti||1125 days||1360 days||1734 days|
Before proceeding with top choices for 2019, I just want to remind you of something. The ROI is important only if you are looking to buy the best GPUs for your mining operation. If you already have them, the best thing you can do is just connect them, get the mining software and start mining. Since all GPUs are profitable at the moment(except the one I mentioned before), putting them into use really makes sense.
But if you are looking at buying some additional GPUs for mining, here are my picks:
Top GPU choices for mining in 2019
The ROI data is implacable. The earnings winner is definitely GeForce RTX 2080 Ti, however it’s very expensive and thus has a ROI of 1125 – 1734 days. Since the ROI is what defines our profitability, cards with the best ROI will be my top choices.
#1 – Radeon™ RX 470(ROI: 158 – 294 days)
#2 – Radeon™ RX 480(ROI: 169 – 307 days)
#3 – Radeon™ RX 570(ROI: 191 – 333 days)
#4 – Radeon™ RX 580(ROI: 191 – 341 days)
#5 – GeForce GTX 1660(ROI: 326 – 497 days)
Note: This market changes very often, so it’s kind of hard to keep up with fresh data. Luckily, Kryptex recently came up with a nice dynamic table which shows profitability of various GPUs on their system.
This table can be sorted by daily or monthly profit, payback time as well various algos that are supported: