According to the 2miners website, Nvidia GPUs currently offer higher performance than AMD. The results of the WhatToMine website match some of the figures revealed by 2miners.
The profitability of cryptocurrency mining is affected both positively and negatively by market fluctuations. Just as the miners using ASIC equipment have benefited from the rise in crypto assets’ price, also those using GPUs (graphic cards) are enjoying better revenues than in 2018.
The price and fluctuations of cryptocurrencies are not the only important aspects regarding the profitability of GPU mining. Variants such as the difficulty of mining, the cost of electricity, the temperature of the equipment’s location, among others, must also be considered. In this sense, the 2miners web portal assessed the profitability of cryptocurrency mining with the most commonly used graphic cards.
Profitability of Nvidia and AMD GPU Cryptocurrency Mining
The results shown by 2miners indicate mining in pools with Nvidia graphic cards can provide greater benefit from working in cryptocurrencies such as Aeternity (AE), Grin (GRIN29) and Bitcoin (B2G). These altcoins topped the list of GeForce GTX 1060, 1070, 1070ti and 1080 models, which can generate between USD 1.32 and USD 2.08 daily.
As GTX 1080ti and RTX 2080ti models have a RAM memory of 11 GB, they can mine the Grin algorithm for ASIC equipment (Cuckatoo31). Therefore, the top 3 cryptocurrencies with the highest GPU mining performance include Grin (in its two versions: GRIN29 and GRIN31) and Aeternity. In this case, because they are more powerful cards, they can generate profits ranging from USD 2.97 to USD 3.94.
As for the GPU models with AMD processors, only the performance of three of them was evaluated. The Radeon RX570 and RX580 cards showed higher profitability in the mining of Bitcoin (B2G), Ether (ETH) and Ethereum Classic (ETC). For its part, the RX Vega 56 model, which only has a RAM memory of 8 GB, achieved a good performance to mine Grin’s Cuckatoo31 algorithm.
Contrasts in Performance of Graphic Cards
The results described above are only based on data from the 2miners mining pools. Different commission percentages are imposed to miners, as well as different payment systems, which can influence the performance of certain cryptocurrencies. Therefore, it seems reasonable to compare the previous figures with those presented by the WhatToMine website, which can be used to measure mining profitability with different types of GPUs and ASIC devices.
WhatToMine and 2miners show similarities between the performance of Nvidia GPUs, mainly in the appearance of Grin (GRIN31) as the cryptocurrency with the best profitability in the GTX 1080ti and RTX 2080ti models. There are also altcoins in the top 10 of 2miners, such as Ether (ETH), Ethereum Classic (ETC), Bitcoin Gold (BTG), Aeternity (AE) and Zcoin (XZC), which rank differently in this platform. XZC was most often considered as the best option to be mined, according to the profits generated.
WhatToMine and 2miners present similar results regarding mining profitability with GPUs using AMD chips. Radeon RX570 and RX580 cards show Ethereum Classic and Ether as the best-performing cryptocurrencies and the third place is held by a not very popular crypto asset called Ethergem (EGEM).
The profitability of cryptocurrency mining, with ASIC or GPU, is probably as fluctuating as the crypto market itself. The creation of 7 nanometer chips for ASIC equipment greatly optimizes the mining of crypto assets such as Bitcoin, since their power increases despite consuming less energy.
By Willmen Blanco