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Most Profitable GPU’s for Mining in August

So you’ve probably decided to go ahead with mining even after listening to numerous negative comments, but are you having a hard time figuring the most profitable GPU’s for mining? Don’t worry you have come to the right place. Even though mining Cryptocurrencies are becoming more and more unpopular every day, the recent spike in the price of bitcoin may shift such negativity. Several analysts are also predicting that these price levels could be sustainable for some time and are bullish on the cryptocurrency market for the near future at least. This would lead to increased profitability for miners and we could perhaps see a small growth in demand for GPU’s, at least in the short term if the price levels sustain.

Deciding to mine is one thing, but to find the most profitable equipment and to choose what coin to mine is a whole different story. To make it easier for you guys, we have put together a list of the most profitable GPU’s out there. The products are ranked below according to their Payback period (the time it takes for the coins mined to cover the initial investment for the GPU after deducting electricity costs).

DISCLAIMER – At the time of writing this article, the price of Bitcoin was $7325. Electricity costs are taken at $0.1 USD/kWH. All the data are taken on the analysis made by Nicehash.com 

You can buy the Graphics Card from Amazon by clicking on the card.

1.AMD Radeon RX580

Power Consumption 185W
Profits per month $26.08
Algorithm DaggerHashimoto
Coins Mined ETH, ETC (Ethereum, Ethereum Classic)
Hash Rate 30.97 MH/s
Cost of the Card $295

Payback Period – 0.94 Years

 

2.AMD Radeon RX Vega 56

Power Consumption 210W
Profits per month $33.1
Algorithm CryptoNightV7
Coins Mined XMR (Monero)
Hash Rate 1.6 KH/s
Cost of the Card $480

Payback Period – 1.2 Years

 

3.Nvidia Geforce GTX 1060 6GB

Power Consumption 120W
Profits per month $17.02
Algorithm DaggerHashimoto
Coins Mined ETH, ETC (Ethereum, Ethereum Classic)
Hash Rate 24.93 MH/s
Cost of the Card $291

Payback Period – 1.42 Years

 

4.Nvidia Geforce GTX 1070ti

Power Consumption 150W
Profits per month $26.82
Algorithm DaggerHashimoto
Coins Mined ETH, ETC (Ethereum, Ethereum Classic)
Hash Rate 31.32 MH/S
Cost of the Card $489

Payback Period – 1.51 Years

 

5.AMD Radeon RX Vega 64

Power Consumption 210W
Profits per month $32.03
Algorithm CryptoNightV7/ Dagger Hashimoto
Coins Mined ETH, ETC (Ethereum, Ethereum Classic) / XMR(Monero)
Hash Rate 39.69 MH/s or 1.6 KH/s
Cost of the Card $590

Payback Period – 1.53 Years

 

6.Nvidia GTX 1080 Ti

Power Consumption 250W
Profits per month $33.35
Algorithm Lyra2Rev2
Coins Mined VTC (Vertcoin)
Hash Rate 39.69 MH/s or 1.6 KH/s
Cost of the Card $751

Payback Period – 1.87 Years

So I think we have a clear winner in the AMD Radeon RX580, this Graphics card is the most profitable among all the available GPU’s for mining as of August 2018. So if you want to build a Mining Rig, I suggest you buy more of the AMD Radeon RX580’s. Also, I have mentioned the highest revenue generating GPU in the Market now below. Please take a look at it. All the Best and Happy Mining Folks!!

A Mention to the highest revenue generating GPU in the Market now:

Nvidia Titan V

Power Consumption 250W
Profits per month $81.55
Algorithm DaggerHashimoto
Coins Mined ETH, ETC (Ethereum, Ethereum Classic)
Hash Rate 79.75 MH/s
Cost of the Card $3000

Payback Period – 3.06 Years

 

 

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