Owing to the advancements in the field of technology, in recent years we have seen a rise in the number of people learning about cryptocurrencies; it’s become a hobby to many. However, some people go beyond the surface level and learn how to mine cryptocurrencies.
Cryptocurrency mining is the process of verifying transactions on a cryptocurrency network. This process needs to be secure enough to transport millions of dollars. To do that, they must guess a string of characters — this is one of the essential features of cryptocurrency because it protects the network against people creating additional currencies.
The central processing unit or CPU is a basic but useful way of mining cryptos. However, a GPU or graphic processing unit is a better option for mining many different cryptos. GPU can make more correct guesses faster, which means it has a high hash rate. GPUs are necessary hardware for mining, and there’s a significant demand for them.
Nvidia GeForce GTX 1070
American-based company Nvidia offers the best graphic cards for mining, video games, and more. This particular card is considered to be one of the best on the market. GeForce GTX1070 has a lavish hash rate of 30mh/s and power of 150W per unit. 150W per unit is not a lot of energy, which means it’s not that expensive, and it will not eat into your cryptocurrency profits.
The memory is 8GB, and it’s a bit on the expensive side. It will be a bit costly for you, right at the start. However, it is probably the best GPU on the market at the moment, and it is a good investment if you are looking to make mining a continual process.
AMD Radeon RX580
Another amazing GPU on the market is made by AMD Radeon — always in high demand because of their affordable prices. Radeon RX580 is an excellent choice for mining Ether with a superb hash rate of 29mh/s. Its power is 185W per unit, which is a bit higher than GeForce, but it is definitely not the most electric-hungry GPU on the market.
Radeon RX580’s memory is at 8GB, and it uses the most recent Claymore dual miner software for a higher rate. As we said, the price is unbelievable for the product that you get — twice as lower than GTX 1070. It’s a great option, especially if you are willing to change a few settings to make it one of the best mining GPUs.
AMD Radeon RX Vega 56
Another AMD Radeon GPU made our list because it deserves to be considered one of the best. The card performs very highly, and it is the best value-loaded graphics card that you can find currently. It runs faster than Nvidia GTX 1070 but requires a lot of power. Its expensive GPU can run a non-stop mining operation. If you are looking to invest in an outstanding GPU, the 56 is an attractive fit for you with 8GB memory.
The price is average, but there were complaints that it runs a bit hot. This could be great if you live in a colder climate with cheaper electricity. Colder weather will help save cash on extraction units. It’s a win-win situation if you can use the excess energy to heat a greenhouse as one miner already did.