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In the last quarter of 2020, Bitcoin (BTC) and Ethereum (ETH) cryptocurrencies experienced some serious price growths. This made cryptocurrency mining a profitable business once again, and caused an increased demand for crypto mining hardware. In this quick guide, we’ll take a look at the best graphics cards for crypto mining in 2020.
For mining cryptocurrencies, such as Bitcoin or Ethereum, you don’t have to own a high-end graphics card. Of course, having the more power means you’ll able to generate more money quicker, however, if a graphics card comes with a high price tag, that doesn’t necessarily mean it will perform good in crypto mining. Good mining GPUs need to have enough power and memory to perform numerous calculations simultaneously, while at the same time be as much energy efficient as possible to be profitable. Some of the key metrics that determine whether a GPU is good for mining are its compute performance, and hashrate. The higher these two values are, the better will a card be at mining.
Although mining cryptocurrencies isn’t as popular as it used to be, it most certainly isn’t dead. In fact, recent price growths of Bitcoin and Ethereum shows signs of an upcoming cryptocurrency boom, so there are still good chances to make some serious money in this business. Provided you start mining today, in the near future you might be able to make a small fortune if cryptocurrency prices keep growing. However, in order to do that, you’ll need to buy a capable graphics card. Here are our picks for the best cryptocurrency mining GPUs in 2020.
Best Overall: EVGA GeForce RTX 3080 FTW3 ULTRA Gaming
Boost Clock: 1800 MHz | Memory: 10GB GDDR6X | Length: 300 mm | Power Connectors: 3 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Extraordinary high hashrate
- Absolutely crazy performance in 4K and 1440P gaming
- Great for 3D modelling and video rendering
- 30% faster than the GeForce RTX 2080 Ti
- Requires 750 W power supply
- Triple-slot design
NVIDIA GeForce RTX 3080 is without a doubt the best mining GPU right now. Featuring mind-blowing 8,704 shading units, 272 Tensor Cores and 10 GB of super-fast GDDR6X VRAM, this card can deliver a 91.11 MH/s hashrate on Ethash (Claymore) algorithm, and can generate up to $89 of monthly income (according to betterhash.net). Besides being a fantastic mining GPU, the GeForce RTX 3080 is also great for 4K gaming, as well as 3D modelling, video rendering and ray-tracing rendering. Provided you can get your hands on one of these, getting an RTX 3080 is a no-brainer if you want to make money on cryptocurrencies.
Best Multi-Purpose: ASUS ROG Strix GeForce RTX 2080 Ti
Boost Clock: 1665 MHz | Memory: 11GB GDDR6 | Length: 304 mm | Power Connectors: 2 x 8-pin | Outputs: 2 x DP, 2 x HDMI, 1 x USB Type-C
- Fantastic performance
- Very efficient cooling system
- Consumes less power than RTX 3080
- Three huge fans
- High price
Although quite expensive, the GeForce RTX 2080 Ti is an amazingly powerful graphics card. Featuring 11 GB of GDDR6 memory, and a total number of 4,352 CUDA cores, the RTX 2080 Ti is one of the best graphics card for mining Ravencoin (RVN). Capable of delivering 31.16 MH/s on KawPow (NBMiner) algorithm, a single RTX 2080 Ti card can generate up to $47 of monthly income. The RTX 2080 Ti is also an awesome card for gaming, design and content creation, and can pay itself off very quickly if you know how to put it to good use. This particular model from ASUS features 7% higher boost clock than the reference model, and it comes with a USB Type-C connector.
Bargain Powerhouse: Gigabyte Radeon RX 5700 GAMING OC
Boost Clock: 1750 MHz | Memory: 8GB GDDR6 | Length: 280 mm | Power Connectors: 1 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Great compute performance
- Supports AMD FreeSync
- Affordable price
- No ray tracing
- Slightly slower than RX 5700 XT
The AMD Radeon RX 5700 is an extremely affordable graphics card that offers impressive profitability. Besides bringing 1440p gaming on ultra settings to the mainstream, this is an exceptionally powerful graphics card for crypto mining. Featuring FP16 compute performance of whooping 15.90 TFLOPS, this card is able to deliver a hashrate of 49.78 MH/s on Ethash (Claymore) algorithm, and is able to generate up to $46 of monthly income. Despite the fact that it lacks ray tracing features, this is still a very good graphics card that is able to deliver great performance, making it thus an excellent option for cryptocurrency miners on a limited budget.
Best for Starters: Sapphire Radeon PULSE RX 5500 XT
Boost Clock: 1845 MHz | Memory: 8GB GDDR6 | Length: 233 mm | Power Connectors: 1 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Amazing compute performance
- Great mining hashrate
- Supports PCIe 4.0 bus interface
- Affordable price
- Unimpressive performance in gaming
- Not much faster than the last-gen RX 580
The AMD Radeon RX 5500 XT is probably the best graphics card for cryptocurrency mining starters. For a price of around $200, the Radeon RX 5500 XT is able to offer 8 GB of very fast GDDR6 VRAM, full support for PCIe 4.0 bus interface, and whooping 10.39 TFLOPS of FP16 (half) performance. When it comes to mining, this card can deliver 24.13 MH/s hashrate on Ethash (Claymore) algorithm, and can generate up to $24 of monthly income. This way, by purchasing four of these card you’ll be able to easily generate almost $100 per month. Overall, the RX 5500 XT is not a particularly powerful gaming graphics card, but its impressive compute performance makes it one of the best graphics cards for starting a crypto mining business.
Budget King: ViewMax ENIGMAX Radeon RX 570 4GB
Boost Clock: 1168 MHz | Memory: 4GB GDDR5 | Length: 241 mm | Power Connectors: 1 x 6-pin | Outputs: 3 x DP, 1 x HDMI, 1 x DVI
- Very cheap
- Good mining performance
- Low power draw
- Features only 4GB of VRAM
- Weak for serious gaming and productivity
The AMD Radeon RX 570 is a dirt cheap graphics card. It is also one of the best graphics card for miners on a tight budget. Featuring FP32 (float) computer performance of 5.09 TFLOPS, this GPU can deliver 19.69 MH/s hashrate on Ethash (Claymore) algorithm, and can generate up to $19.2 of monthly income. Costing slightly more than $150, the RX 570 can pay itself off within 7,5 months, and if you decide to purchase six of these, you’ll start generating around $115 a month in no time. Even though it comes with only 4GB of VRAM, the RX 570 is able to offer enough performance to efficiently mine various cryptocurrencies, and its power draw is so small, that you won’t have to worry too much about keeping track of your electricity bills.
Even though cryptocurrency mining isn’t as popular as it used to be, recent price growths suggest that this might become again a very profitable business. Provided that you are equipped with some high-performance graphics cards, there are still good chances to make impressive amounts of money on mining Bitcoin and Ethereum. We hope our buying guide helped you in search of the information you were looking for. If you still feel confused, and need advice about buying, feel free to post a comment below. We will try to help you.