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Mining cryptocurrencies has again become a profitable business. In the last few months of 2020, the prices of Bitcoin (BTC) and Ethereum (ETH) have considerably grown up, however, prices of other cryptocurrencies have also increased. One of them is Monero (XMR), a cryptocurrency that relies on proof-of-work mining to achieve distributed consensus. In this quick guide, we’ll be exploring the best graphics cards to mine Monero in 2020.
Being a leading cryptocurrency with focus on private and censorship-resistant transactions, Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. The Monero mining reward is different from Bitcoin, as Bitcoin’s set block reward gets cut in half every four years, while Monero has a decaying block reward that decreases gradually over time. According to exodus.io, another unique thing about Monero is that it accepts a very small amount of inflation in order to ensure that there is always a security budget – something which Bitcoin doesn’t support. Overall, mining Monero is just like mining any other cryptocurrency. It requires of you to have a powerful hardware that is able to perform numerous calculations simultaneously, while at the same time be as much energy efficient as possible to be profitable.
For mining Monero you can either use a CPU or a graphics card. In this article we’ll be exploring the best graphics cards to mine Monero in 2020. Some of these cards are able to offer great mining hashrate at the expense of high power draw, while some of them are able to deliver good performance with moderate power draw, but with higher price tag. Provided that you start mining today, in the near future you might be able to make a considerable amount of money if Monero prices continue to grow. However, in order to do that, you’ll need to buy a capable graphics card. These are our top picks for the best Monero mining GPUs in 2020.
Best Overall: XFX AMD Radeon VII
Boost Clock: 1801 MHz | Memory: 16GB HBM2 | Length: 280 mm | Power Connectors: 2 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Very high mining hashrate
- Extraordinary compute performance
- Great for 3D modelling and video rendering
- 17% more efficient than the RTX 2080 Ti
- Requires 750 W power supply
- Some variants require undervolting to run stable
When it comes to mining Monero, the AMD’s Radeon VII is an unprecedented king. Featuring 3,840 shading units, as well as 60 compute units and 16 GB of super-fast HBM2 memory, this card can deliver around 1700 H/s hashrate on XMR-Stak-RX algorithm (as stated on monerobenchmarks.info). The Radeon VII is also a fantastic card for mining Ethereum, as it can deliver 76 MH/s hashrate on Ethash (Claymore) algorithm, and can generate up to $90 of monthly income (according to betterhash.net). The Radeon VII is also a great 4K gaming graphics card, and is also very useful for performing heavy-duty work such as 3D modelling, video rendering and machine learning (AI).
Runner-up: ASUS ROG Strix GeForce RTX 2080 Ti OC
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 around 300 W of power
- Three huge fans
- High price
On numerous occasions we have wrote about how NVIDIA’s GeForce RTX 2080 Ti is an awesome graphics card. Even when mining Monero cryptocurrency, this is no exception. Featuring 11 GB of GDDR6 memory, and a total number of 4,352 CUDA cores, the RTX 2080 Ti is capable of delivering 1450 H/s hashrate on XMRIG 5.0 algorithm. With a TDP of around 300 W, six of these cards will net you around 8700 H/s, for a power consumption of 1800 W. In case you get fed up with mining cryptocurrencies, you can always sell your RTX 2080 Ti graphics cards for a large sum of money, as these cards are very popular among content creators, technical professionals, and rendering specialists.
Affordable Excellence: Sapphire Radeon RX Vega 64
Boost Clock: 1546 MHz | Memory: 8GB HBM2 | Length: 282 mm | Power Connectors: 2 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Impressive compute performance
- Features 8GB of HBM2 memory
- Able to deliver very good hashrate
- Great gaming performance
- Requires high-quality power supply
- Not much faster than the Vega 56
Even though it is now a 3-year-old graphics card, the AMD’s Radeon Vega 64 is still raw performance GPU beast. The Vega 64 was never designed to be a gaming graphics card, which is why it’s no surprise that this card is able to deliver 25.33 TFLOPS of FP16 (half) compute performance. Featuring 4096 shading units, 64 compute units, and 8 GB of ultra-fast HBM2 VRAM, this card can deliver up to 2000 H/s hashrate on AMD XMR Miner v0.62b algorithm. If you decide to combine eight of this cards at once, you can expect to achieve 16000 H/s, for a total system power consumption of 1400 W. Overall, the Vega 64 is a fine mining graphics card, that should be able to satisfy both mining beginners, as well as professional miners.
Bargain Powerhouse: PowerColor Red Dragon Radeon RX Vega 56
Boost Clock: 1478 MHz | Memory: 8GB HBM2 | Length: 305 mm | Power Connectors: 1 x 6-pin + 1 x 8-pin | Outputs: 2 x DP, 2 x HDMI
- Amazing compute performance
- Great mining hashrate
- Reasonably priced
- Requires high-quality power supply
- Power consumption could be lower
The AMD Radeon Vega 56 is another rather old, but amazing graphics card for mining Monero. Featuring 3584 shading units, 56 compute units, and a 2048-bit memory bus, the Vega 56 is also one of the cheapest graphics card on the market that features 8 GB of HBM2 VRAM. With a FP16 compute power of 21.09 TFLOPS, and FP32 compute power of 10.54 TFLOPS, the Vega 56 is a true bargain powerhouse. The card is able to deliver around 1000 H/s hashrate on XMRIG 5.1.1 algorithm while being undervolted, which means you can expect to achieve around 5000 H/s with five of these cards for a total system power consumption of around 1000 W.
Best Energy Efficient: ASUS AMD Radeon RX 5700
Boost Clock: 1725 MHz | Memory: 8GB GDDR6 | Length: 270 mm | Power Connectors: 1 x 6-pin + 1 x 8-pin | Outputs: 3 x DP, 1 x HDMI
- Very energy efficient
- Satisfying mining hashrate
- Low power draw
- Compute performance could be better
Last but not least, the 2019’s AMD Radeon RX 5700 is one of the best energy efficient graphics cards for mining Monero cryptocurrency. Being produced on 7 nm manufacturing node, the RX 5700 sports 10,300 million transistors, and is able to deliver 15.90 TFLOPS of FP16 (half) compute performance. Although it was primarily designed for gaming, the undervolted RX 5700 is able to deliver around 1100 H/s hashrate on XMRIG 5.5.1 algorithm for a power draw of around 100 W. This means that with 10 of these cards you can expect to achieve around 11000 H/s for a total system draw of around 1300 W (CPU included). That being said, it is no wonder that this is probably the most efficient Monero mining GPU currently available on the market.
Mining has again become very popular in the late 2020. Besides Bitcoin and Ethereum, there are also other cryptocurrencies worth mining, such as Monero. In order to mine enough Monero blocks and make a considerable amount of money, you’ll have to buy powerful PC hardware that will be able to generate new financial funds. Some of the graphics cards listed above are capable of doing that. 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.