Bitcoin Mining with GPU

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

 

Bitcoin Mining GPU Performance(current Bitcoin price of $8,500)
GPUGPU 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 Mining ROI(current Bitcoin price of $8,500)
GPUGPU ROI(zero electricity cost)GPU ROI($0.05/kWh electricity cost)GPU ROI($0.10/kWh electricity cost)
AMD Radeon R9 380166 days258 days571 days
AMD Radeon R9 FURY568 days1388 daysUnprofitable
Radeon™ RX 470158 days204 days294 days
Radeon™ RX 480169 days218 days307 days
Radeon™ RX 570191 days245 days333 days
Radeon™ RX 580191 days245 days341 days
Radeon™ RX Vega 56320 days452 days767 days
Radeon™ RX Vega 64324 days460 days813 days
GeForce GTX 1050 Ti323 days440 days647 days
GeForce GTX 1060324 days397 days530 days
GeForce GTX 1070346 days440 days590 days
GeForce GTX 1070ti443 days555 days729 days
GeForce GTX 1080438 days520 days684 days
GeForce GTX 1080ti391 days465 days610 days
GeForce GTX 1660326 days391 days497 days
GeForce GTX 1660ti416 days498 days620 days
GeForce RTX 2060476 days585 days759 days
GeForce RTX 2070546 days670 days868 days
GeForce RTX 2080626 days767 days987 days
GeForce RTX 2080 Ti1125 days1360 days1734 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)

Mining with GPU Radeon RX 470

#2 – Radeon™ RX 480(ROI: 169 – 307 days)

Radeon RX 480

#3 – Radeon™ RX 570(ROI: 191 – 333 days)

Radeon RX 570

#4 – Radeon™ RX 580(ROI: 191 – 341 days)

Radeon RX 580 mining ROI

#5 – GeForce GTX 1660(ROI: 326 – 497 days)

GeForce GTX 1660

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