Can graphic cards turn a crypto mining profit?
The hype cycles around cryptocurrencies are comparable in their ups and downs to the British weather. This is primarily due to high volatility, which can reduce the entire stash of a potential investor to almost nothing.
Those who believe in the growth and prospects of cryptocurrencies are constantly in search of various ways to turn a quick profit. There are various platforms — for example, crypto exchanges — where it is possible to earn on digital currencies without investing in equipment. This method is suitable for those who follow exchange rates and are good at predicting the volatility of the market.
Others rely on mining, as interest in crypto has been back on a rise due to positive price trends since the start of 2020. And mining with graphics cards is the most basic way to extract this digital treasure.
But it is necessary to take into account the various nuances of mining. That is, it is not enough just to install the program on a PC for mining and immediately start receiving Bitcoin (BTC) or other cryptocurrencies. Not even the best graphics card on the market can secure a definite crypto mining profit right away.
It is becoming more difficult to mine cryptocurrencies day by day, and using only one graphics card is not enough. It has become necessary to use several cards — at least four to six — that will complement one another. Therefore, investing in video cards for crypto mining profit is a very costly affair.
Things to consider
Before buying any graphics card, everyone should pay attention to the main criteria:
The memory. The core principle here is the bigger, the better. This is an important criterion for mining Ether (ETH). For most cryptocurrencies, it is better to use video cards that have at least 4 GB of memory.
Speed. The best option would be to use DDR5 standard cards. They have a good balance between energy consumption and power.
Cooling. An important element in the mining process is the protection of the graphics card from overheating. After all, mining puts a heavy load on the card, and, therefore, it is subject to wear and tear.
Overclocking ability. Cards that can be overclocked work 20%–30% faster, which, of course, contributes to better efficiency.
Bus width. The memory bus width of a card is a channel that connects the memory and graphics processor of a card. How much data the card will process per unit of time depends on the width of the memory bus. This is one of the key parameters that affects the card’s performance. The best option would be to use a 256-bit setup.
Complexity of operation. Many graphics cards require detailed BIOS settings. Others need to be pooled together in large quantities. Most in the crypto community believed that it is best to combine four to six cards in a rig to make up a single unit.
Potential. The main ability of a particular graphics card’s model is to remain relevant in the mining process of the most promising algorithms for as long as possible.
Price/payback ratio. It is in everybody’s interest to recuperate the costs of the equipment as soon as possible and then start making money from mining. Therefore, this is perhaps the most important criteria to be mindful of.
New video cards are released constantly, so it is essential to be aware of new releases. However, not all new video cards are capable of high-quality mining. Below are, arguably, the best graphics cards for crypto mining in 2020 from two major chip developers — Nvidia and AMD.
Nvidia cards For Crypto Mining Profit
Graphics cards from American-based company Nvidia are one of the best for crypto mining profit. They have a good balance between performance and price. Meanwhile, their architecture is at the highest level. Here are Nvidia’s most popular cards: Read More…