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Profitability ranking when mining Ethereum on graphics card

Of course, we are not here to encourage anyone to start mining, and it is definitely something that we have said many times that we advise against. What we are doing next is analyzing the raw data based on current market conditions, so that if you are considering starting mining, you can know what profitability you can expect from your graphics card and how much time you will have to spend until the investment begins. to be profitable (in fact, maybe seeing these empirical data many hesitant users decide that it’s not worth it).

The graphics cards that give the most profitability to mine

For the preparation of this article we rely on data collected personally by the guys at Tom’s Hardware, who have carried out empirical tests and real calculations using a wide range of graphics cards available on the market. To do this, they have used the current difficulty and price of Ethereum because it is at the moment the most profitable cryptocurrency when it comes to mining with GPUs, and the tests have been carried out with a team consisting of an Intel Core i9-9900K, an MSI MEG Z390 ACE motherboard, 2 × 16 GB Corsair DDR4 a 3600 MHz, a 2 TB M.2 SSD and an 850 watt SeaSonic power supply.

Of course, the graphics cards have been optimized to mine Ethereum and thus achieve the highest profitability when mining; They have made the calculations with a price per kWh of consumption of 0.10 dollars, which in our case is not realistic because in Spain electricity costs about 0.14 euros. In addition to that, to calculate the price of the graphics cards what they have done has been to use the average sale price at which they are on eBay in April 2021. In any case, it helps us to calculate which graphics is the most profitable for mine and what is the cost, so let’s get on with it.

GPU Average price on eBay (April 2021) Mining performance (MH / s) Consumption Daily profitability Days (24×7) to make it profitable
Radeon RX 590 $ 345 29 135 $ 3.93 88
GeForce GTX 1060 6GB $ 380 28.6 130 $ 3.89 98
Radeon RX 580 8GB $ 344 25 90 $ 3.45 100
Radeon RX 5500 XT 8GB $ 789 51.3 133 $ 7.21 109
Radeon RX 5600 XT $ 477 30.2 75 $ 4.25 112
GeForce GTX 1070 $ 700 43.7 129 $ 6.10 115
Radeon RX 5700 $ 442 28.2 114 $ 3.86 114
GeForce RTX 2060 Super $ 648 39.6 115 $ 5.54 117
GeForce RTX 2070 $ 623 39.2 174 $ 5.34 117
GeForce GTX 1660 Super $ 435 26.3 81 $ 3.67 119
GeForce GTX 1080 $ 733 43.8 130 $ 6.12 120
Radeon RX Vega 56 $ 427 25.3 70 $ 3.54 120
GeForce GTX 1080 Ti $ 726 44 197 $ 5.98 121
GeForce GTX 1660 Ti $ 903 51.8 119 $ 7.32 123
Radeon RX Vega 64 $ 523 29.7 73 $ 4.18 125
GeForce GTX 1660 $ 550 32.1 138 $ 4.38 126
GeForce RTX 3060 12GB $ 931 48.6 118 $ 6.85 136
GeForce RTX 2070 Super $ 518 28.2 114 $ 3.86 134
Radeon RX 5700 XT $ 1,586 83.6 231 $ 11.71 135
GeForce GTX 1070 Ti $ 745 42.5 254 $ 5.63 132
Radeon VII $ 834 43.8 129 $ 6.12 136
GeForce RTX 2060 $ 833 43.9 128 $ 6.14 136
GeForce RTX 2080 $ 622 33 125 $ 4.54 137
Radeon RX 6800 $ 949 47.1 120 $ 6.62 143
Radeon RX 6700 XT $ 1,316 64.5 166 $ 9.07 145
GeForce RTX 2080 Ti $ 1,279 60.6 116 $ 8.61 148
GeForce RTX 3060 Ti $ 939 43.9 124 $ 6.14 153
GeForce RTX 3070 $ 1,291 60.1 180 $ 8.39 154
GeForce RTX 2080 Super $ 1,374 61.3 123 $ 8.70 158
Radeon RX 6800 XT $ 2,125 94 235 $ 13.23 161
GeForce RTX 3080 $ 1,559 64.6 186 $ 9.03 173
GeForce RTX 3090 $ 2,846 115 300 $ 16.16 176
Radeon RX 6900 XT $ 1,849 64.6 183 $ 9.04 205

We can clearly see that the most powerful graphics cards are not exactly the most profitable; for example, the RTX 3090 It is the most powerful graphics for mining cryptocurrencies (and for gaming), but its high price and high consumption mean that we have to have the GPU mining for 176 days without stopping until we recover the investment. However, a Radeon RX 590 that barely has 29 MH / s yield when mining, is the graph that we will make profitable before because “only” it will have to be running 24 × 7 until the investment is profitable.

It is quite surprising, in any case, to see that the older GPUs are placed at the top of the profitability table, although it is true that this is so because the calculation has been done using the average sale price on eBay today. The RX 590, RX 580 8GB, and GTX 1060 6GB can all achieve modest hash rates, but they are the least expensive GPUs on the list and therefore take less time to profitable. Their power usage is not bad either, which means that it is feasible to potentially run six GPUs on a single PC, although it is true that for that you would need adapters that would increase the price of the investment, of course.

Ethereum-2.0

Now, here comes the real problem: the table we have put above has no way of predicting the swings in the price of Ethereum or the difficulty of mining. The price tends to go up and down quickly and in large quantities, so this profitability when mining can be ruined in no time; keep this in mind if you finally decide to undertake this project.