Bitcoin mining.

[Bitcoin]

What is the growth potential for a Bitcoin mining business?
Bitcoin mining operations run the gamut from individuals doing this as a hobby to large corporations that have vast resources. An example of a small-scale setup is Geoffrey Welborn's inexpensive, yet profitable, dorm room operation . A business in Sweden has a much larger operation, maintaining 45,000 computers in a former helicopter hangar.
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[Bitcoin]

Bitcoin mining in 2015: ASICs, Cloud Mining, and Difficulty.
Huge facilities all over the world are now packed with Bitcoin mining hardware. A single facility near the Arctic Circle in Sweden boasts 45,000 machines running around the clock.
Why? Well, if your computer finds the correct answer to a problem in computing a hash algorithm, your bitcoin wallet address is built into the answer with 25 more bitcoin . Also, your bitcoin address collects the transaction fees implicit in that answer. You get these additional bitcoin after 99 further blocks are built onto the system. Today, at $196 per bitcoin, the 25 new bitcoin are worth $4,900. So, there are good reasons to dedicate additional computing power to the task.
Bitcoin mining Still Growing.
As a result, Bitcoin mining is one of the fastest growing sectors in information technology (IT) today. More computers are being added to the task all the time. As the blockchain grows, more bitcoin are added to the ones already in circulation. Over time, the rate at which new bitcoin are added is scheduled to slow down, until Bitcoin mining is performed exclusively for the transaction processing fees when the system maxes out at 21 million total coins in circulation.
Next year, 2016, the award for computing the next bitcoin block drops from 25 to 12.5. Will we see a drop in Bitcoin mining activity? Perhaps. Already, the reduced exchange rate for bitcoins into dollars seems to be provoking some move toward consolidation in the industry. That comes at a time when bitcoin has again set a new record this month in the number of transactions occurring on a single day, over 105 thousand events.
A fairly typical transaction fee of 0.0001 bitcoin is applied to many of these events, implying 10.5 bitcoin, or about $2,058 in possible transaction fee revenue for bitcoin miners. Thus, transaction fees may prove to be attractive to bitcoin miners even after the new bitcoin award begins to drop.
ASICs - Bitcoin Miners That Are Game Changers.
Bitcoin mining began in 2009, using the basic Bitcoin mining software that is included with the original Bitcoin wallet software, with nearly any technically sophisticated user able to set up a computer to solve the mathematical puzzles involved. By early 2013, however, the first application-specific integrated circuits (ASICs), or bitcoin hash chips, began shipping. These chips are Bitcoin mining hardware that are only useful for mining SHA-256 cryptocurrencies, and make the use of ordinary personal computers, or networks of general-purpose computers, obsolete for Bitcoin mining.
Although microprocessors in general double their power every 18 months according to Moore's Law, the Bitcoin ASICs have been doubling their power every six months. This has led many to ask," Is Bitcoin mining worth it ?" The answer is complicated, and Bitcoin mining continues to be profitable overall, but you should always use a Bitcoin mining calculator to determine if it is right for you. It is estimated that hundreds of thousands of computers are focused on Bitcoin mining.
Bitcoin Value, and Exchange Rate Risks.
Are bitcoin prices destined to fall further? It is hard to say. Certainly, they have had their ups and downs. Shortly before the Mt. Gox exchange failed , the USD to bitcoin exchange rate had peaked above 1 $1,124. The hacking of Bitstamp earlier this month may be responsible for some of the recent drop in the exchange rate. Of course, prices sailed up from mid-2012 to late 2013 without too many hiccups. The fork of March 2013 was one instance of a dramatic, but short-lived setback, when different versions of the bitcoin software caused a difference of opinion about the validity of certain blocks. Once consensus was re-established, the problem was resolved, and the valuation of Bitcoin continued to climb.
Arguably, security at exchange sites has become an issue in the industry, as security in finance is always of paramount importance, with Bitstamp reporting 19,000 bitcoin missing in the hack. However, exchanger woes don't tell the whole story. Many mainstream businesses, including Time , Microsoft , and Overstock are accepting bitcoin , though only Overstock is known to keep a portion of sales in bitcoin. Most merchants are using payment processing companies, such as Bitpay or Coinbase , that act as currency converters, to exchange bitcoin for USD. Still, acceptability may prove to be key in the advancement of bitcoin, since the more users are able to find places to pay with bitcoin, the more demand they will have for the available supply.
Bitcoin Alternatives - Altcoin Mining.
Of course, Bitcoin mining is not the only cryptocurrency mining taking place these days. Cryptsy , the largest altcoin exchange, lists hundreds of cryptocurrencies, with names like Litecoin , Dogecoin , Reddcoin , Darkcoin , Bitshares , and many more. Any blockchain currency with proof-of-work features may be mined, and miners in alternative cryptocurrencies seem to find the activity profitable.

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Mining Ethereum in 2020 is SUPER PROFITABLE! Why?!|10:16

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How much is all this equipment dedicated to Bitcoin mining, and altcoin mining, worth? Based on a statement from Coinometrics about a 51% attack, there is about $833 million in mining equipment and electricity currently operational in the industry. The combined mining power on the network continues to increase.
The Rise of Bitcoin Cloud Mining.
A large portion of Bitcoin mining is now cloud-based . Firms have been selling gigahashes per second, or Gh/s, for a fee, that provides enough computing power to make a billion attempts a second to solve the hash function for a bitcoin block. Genesis Mining , for example, charges $702 for one thousand Gh/s, plus a fee for electricity. If you happen to earn enough bitcoin from the 25 bitcoin created in each block, plus transaction fees, to surpass these fees, then renting the gigahashes was a good choice. Of course, given the enormous amount of computing power in competition with you, you should probably view the investment as speculative rather than as a sure thing.
Bitcoin mining is energy intensive, so huge mining operations tend to locate where it is easy to keep machines cool or where energy is very cheap. Cheap coal in Mongolia seems to be stimulating Bitcoin mining in that country. Unfortunately, not every Bitcoin mining company has found a way to remain profitable. Recently, Ghash.io , one of the largest mining operations, announced that it would be suspending service until Bitcoin's value increased, or mining difficulty decreased, enough to make Bitcoin mining profitable for them.
Adjustable Difficulty Based on Bitcoin mining Power.
Every 2016 blocks, or two weeks on average, the bitcoin network automatically adjusts the difficulty of the hash function depending on how much computing power is on the task. Difficulty could be adjusted downward if a great many miners began pulling machines off the net, but for the past couple of years the trend has been upwards. Since ASICs were first shipped the difficulty has increased by a factor of ten thousand. However, this is changing, as the recent drop in bitcoin's price has caused so much mining power to be shut off.
How does Bitcoin mining stack up as far as transaction processing goes? The bitcoin protocol currently can only process seven transactions a second, because of the 1 megabyte limit on blocksize, which is tiny compared to, say, Visa, which handles up to 10,000 transactions per second. However, of course, the fee for each transaction is significant, especially for merchants who bear the brunt of the credit card processing fees. A recent transfer of tens of millions of dollars worth of bitcoin was recorded on the blockchain for a fee of about two cents.
If bitcoin is going to enter the mainstream, the limit must be raised, or transaction fees must be significantly increased. Fortunately, the 1 megabyte limit can be changed, and the Bitcoin mining network's processing power is far greater than is necessary to handle however many transactions per second is required of it. Gavin Andresen, the Chief Scientist of the Bitcoin Foundation , as well as the primary developer working on bitcoin's core protocol since the departure of the currency's mysterious creator, Satoshi Nakamoto , has been experimenting with larger block sizes. His tests have shown that increasing bitcoin's blocksize can be easily achieved, when that becomes necessary.

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Making $400 a Day Mining Ethereum|8:20

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Crypto-Mining Space is the ultimate and most powerful cloud mining engine of the market.
Download Whitepaper.
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.
The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.
About The Crypto-Mining Space.
The Crypto-Mining Space was founded at the end of 2015. The founders of our cryptocurrency company, which today is world-class, became known as users of the same platform for the sale of Bitcoins.
As our cryptocurrency mining company and our user base grew, new mining farms were built and additional personnel hired, especially programmers and engineers.
Why mine with us?
Here's why you might want to consider cloud mining:
After our platform generate your balance, the earning will send to your Bitcoin address linked to your email.
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Bitcoin mining PRO makes it possible to transfer value to any wallet in a very easy way and it allows you to be in control of your earnings.
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Our system is simple and automatic, other companies demand a complex and tedious verification process, with us, you only need your btc address and an email.
2015 Was Do or Die for Bitcoin Miners But Promise Lies Ahead.
Dave Carlson.
2015 continued the trend: as the price of bitcoin fell and mining difficulty rose, miners were forced to sell both their bitcoin holdings and newly mined bitcoins to cover operating expenses and fuel growth.
This increased downward pressure on the price of bitcoin, and gives us all a painful reminder of how this network is designed with respect to miners: bitcoin punishes the greedy and the weak.
Just as in 2014, we saw attrition in mining operations (and among manufacturers) - the less favorable economic conditions meant many were unable to survive. The explosion of hashrate coming from China eclipsed operations in other parts of the world, and we quickly found the conditions at which many operations had to 'blink first'.
First-mover (dis)advantage.
Early leaders in the ASIC market found themselves lagging newer players, and in a declining market, struggling to find the funds to maintain their position.
To carry the same market share, industrial-sized operations needed to increase from 3-5MW to 30-50MW.
It becomes readily apparent that block rewards for mining are simply a subsidy designed to return on the investment in network security, not to produce long term revenues. Mining is now a race to see who will hold the biggest marketshare when the network transitions to a fee-based system.
Nobody loves bitcoin.
In 2015, the market decided it didn't like bitcoin anymore and the focus turned to the blockchain, its underlying distributed ledger.
This was silly, of course, because the two go hand in hand.
What the market was really saying was that it was unhappy that the bitcoin price didn't hold up. In retrospect what happened to the price makes total sense: more mining was being done than was necessary to support the transactions being made.
Bitcoin production rates are essentially fixed, but difficulty is not.
So we drove ourselves to the brink in our attempts to grab marketshare, couldn't (or wouldn't) continue growing and waited for prices to rise again.
Mining is a commodity business and its inherent price sensitivity was never more apparent (let this be a lesson to you).
Usher in the blockchain: a distributed ledger system with super cheap transactions and almost costless auditing - recording exchanges of value via a digital token.
Indeed it's very cool tech - but then I just described bitcoin, didn't I?
Block-size debate.
Perhaps the most annoying question we asked ourselves this year was whether to raise the limit on the number of transactions that can be written into data blocks on the bitcoin blockchain.
I was against this can-kicking, central bank-esque meddling from the beginning. I stood before the Satoshi Roundtable in February and proclaimed my intent to just mine for rewards, leaving transactions out of my blocks completely.
This of course "stirred debate", but I think I got my point across. With almost no revenue coming from fees, miners have literally no incentive to mess with transactions.
During the transaction spam "stress testing", we witnessed this same idea as a defensive tactic - full blocks impact pool performance, causing orphans, or valid blocks that aren't included on the main chain, meaning miners who mine them don't get the rewards.
With such low fee revenue, these transactions now become a liability.
Think about what a single missed block costs a pool operator. At $450, we make $11,250 for processing a block. If instead those transactions cost us $11,250 well, you can see the motivation.
Now, speaking of motivation, bitcoin has always been a system whereby miners vote for protocol changes by taking (or not taking) a particular BIP. This provides a consensus mechanism for change to the network only when there is a measurable (read: financial) incentive to a majority of the mining hashpower.
Maybe now it's clear why we don't have consensus on the issue.
So what if we don't take the BIP? The ever-rising daily transaction count will soon fill all the blocks and then we will have competition for transaction clearing. This will raise fees.
The shoe may be on the other foot at that point - startups with poorly conceived business models based on super-low transaction fees may be the next to fail. But it's possible that projects like sidechains or the Lightning Network will provide aggregation solutions.
In a few years, perhaps only the largest aggregators will be able to afford to post transaction data to the main chain.
This all sounds very painful, but it's actually a great and elegant and terrible evolutionary process happening all at once. It has the effect of taking out the garbage, so to speak.
Optimizing expenses.
This old saw again.

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How To Start Mining with NiceHash - Official Guide|6:07

[Bitcoin]

For miners, 2016 requires further optimization of operational expenditures, in addition to the need to transition away from less efficient hardware.
Even with very low power costs, miners need to move to the better gear in order to survive. Once you have very cheap power, where does a miner go?
I intend to spend 2016 pursuing more free power, and developing a 'net-zero' power cost business model. This can be achieved when you operate at megawatt scale and have a large 'controllable power load'.
Where in the world can you run your old hardware that costs more in power than it makes in bitcoin? There are places.
MegaBigPower is rolling out a new offering for this old stuff to get a second life. This follows our continued efforts to find ways to monetize this equipment rather than see it heading to landfills.
Competition at industrial scale.
My first industrial-scale ASIC project achieved 100 terahashes and we began the deployment when the global network itself was 100TH.
So, by the time we got it all running, we had something like 25% of the network. To attempt this same feat again will require some 750 petahashes, or 5.4 million of BitFury's new chip.
Will it happen? Yes, definitely - and more no doubt. As bitcoin prices rise, the system has room for more mining.
But since we are greedy humans, we will overproduce, difficulty will rise, profits will fall, putting pressure on the price and the whole cycle will repeat again...
Don't overlook what has happened, though. Bitcoin and its blockchain have become even more robust and more secure as a result.
Corporate integration.
With this newfound security and robustness, the network has greater value and eventually price will rise as a result of renewed investment and trust.
As the price rises, so does market capitalization and so does the amount of revenue to be had from processing transactions.
Right now, I estimate the 12-month revenue potential, if one could do all the mining, at about $700m.
When the mining market can pay billions, larger companies are going to take a serious look at this. Companies that already have assets such as power generation and capital resources will task their very smart power managers to build long-term strategies around large, controllable power loads, hedging and energy storage systems.
These companies will begin to see how mining (transaction processing) can 'plug in' to their existing business and even subsidize poorly performing assets. I've personally seen signs that this process is beginning already and will accelerate in 2016.
The good news here is that the security and value of the network can continue to grow even as it remains decentralized.
2015 was a year that tested our resolve as miners and forced us to adapt or die.
I believe 2016 carries more potential for the business of transaction processing than ever before, but it may not look anything like we thought it would back in the heyday of 2013.
The same goes for the blockchain. We are now looking at using the blockchain (and implicitly bitcoin) in ways that achieve a similar vision but are not nearly so straightforward as "Send x bitcoins from User A to User B".
The potential increases for alternative chains to take up space in large mining centers. Private Custom Blockchain hosting is right around the corner.
I have a rule of thumb when it comes to new businesses: any good business takes 10 years to develop, and transaction processing is well on its way to reaching that milestone.
Best Bitcoin mining Software 2015.
Micro-btc Mining is Bitcoin cloud mining platform Start Bitcoin mining free earn profit daily without hardware. Admin July 12, 2015 Bitcoin mining Leave a comment 1,334 Views. While the actual process of Bitcoin mining is handled by the Bitcoin mining hardware itself, special Bitcoin mining software is needed to connect your Bitcoin miners to the blockchain and your Bitcoin mining pool as well A guide on how to simply start Bitcoin mining. Successfully Create A Bitcoin Wallet; Choose The Best Bitcoin Miner. Requirements. Contents 2015 reviews. latest Top 10 tools You use our Forum. please keep platforms with Then you'd probably want What is the best bitcoin minining software out there to get the highest hashrates and mine the most coins in a single day? But if you are really asking about Bitcoin mining software then it should interest trading crypto since 2015.
What is the best Python Bitcoin mining software? 21 made waves in March 2015 when it It hasn't been worth mining bitcoin using standard A spokesperson told Business Insider that the Bitcoin is a cryptocurrency and worldwide payment system.: 3 It is the first decentralized digital currency, as the system works without a central bank or single Is Bitcoin mining profitable after the mining difficulty increased dramatically in the past 2 years. Here's my answer, It may surprise youIn this post I will go September 16, 2015, hashlet was promoted as the best bitcoin hardware. Please suggest me some best Bitcoin mining hardware. Bitcoin clients Bitcoin clients Main article and feature comparison: Clients. Bitcoin Core - C++/Qt based tabbed UI. Linux/MacOSX/Windows. Full-featured thick client With the rise of bitcoin, many have asked the question'What is bitcoin?' Read the free guide in our information centre and learn about bitcoin today.

[Bitcoin]

Mining Bitcoin Has Become A Ruthlessly Competitive Business. The A chain of block eruptors used for Bitcoin mining. the system's software code is updated by AntPool is an efficient digital currency pool and open for users all around the world, AntPool support mining of Bitcoin, Litecoin, Ethereum and support payment How easy or difficult is it to run your own pool for Bitcoin mining? BitcoinIntern: 1 Bitcoin Forum Bitcoin mining Mining software (miners Download Bitcoin Miner and start mining Bitcoin today! It is a slow going process best for cu free/spare time. Thank you to the makers of this software. Are you looking for the best Bitcoin mining hardware 2018 has to offer but not sure where to look and which one to buy? In this article i have reviewed the best Fastest Growing Profitable Bitcoin Cloud Mining Pool. We are pre-miners, mining since 2015. We have launched in July, 2017 on web portal to mine more.
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How to diagnose and remove a bitcoin miner trojan|4:57

[Bitcoin]

Bitcoin Reddit Roundup October 2020.
Welcome to the October 2020 edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine !
This post contains 37 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining.
In this roundup, there are 10 different categories organizing each link: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun And Other.
October picked up in bullishness where September left off, particularly in the price. The confidence in BTC amongst the community has been as strong as ever, with many anticipating a steep rise in price and many bulls calling for a new all-time high before the end of the year. Only time will tell.
Institution adoption of bitcoin as a treasury reserve asset continues to be the hottest topic in the space, as Square joined MicroStrategy and bought $50 million worth of BTC. These were just two of the many dominoes to fall for Bitcoin -- Stone Ridge Asset Management revealed its $115 million Bitcoin investment as well.
This was especially interesting as many employees at the company were Bitcoiners and already holding BTC, enticing their firm's auditors to look at it more closely. All of these big institutions entering the space makes us think... Apple just released that it jas $191.83 billion cash on hand and you have to ask yourself, so when does Apple buy Bitcoin?
As time goes on, more and more of the legacy financial institutions are changing their minds about Bitcoin, and we saw them being pretty vocal about it this month. A former hedge fund chief manager from Goldman Sachs has come out with a $1,000,000 BTC prediction. This goes hand-in-hand with JP Morgan Chase talking sweetly about Bitcoin recently as well. It seems that the Wall Street firms are starting to give up the battle that they had no shot at winning in the first place.
In addition, legendary hedge fund manager Paul Tudor Jones has expressed that he likes Bitcoin now even more than before, and that this bull market is still in the first inning.
How to Mine Bitcoin.
Last Updated: October 3, 2020 References Tested.
This article was co-authored by Vinny Lingam. Vinny Lingam is the CEO of Civic Technologies, a blockchain-powered identity protection and management startup. Vinny was awarded the Top Young ICT Entrepreneur in Africa Award in 2006, was on the World Economic Forum for Young Global Leaders in 2009, and was voted one of the top 500 CEOs in the World in 2015. He has a BS in E-Commerce from the University of South Africa.
There are 15 references cited in this article, which can be found at the bottom of the page.
The wikiHow Tech Team also followed the article's instructions and verified that they work.
This article has been viewed 1,103,894 times.
You've heard of Bitcoin and you're ready to get your hands on some digital wealth. However, this may be easier said than done. When you "mine" Bitcoin, you actually verify Bitcoin transactions in the public, decentralized ledger of Bitcoin transactions (called the blockchain ). Every time you find a new block to add to the chain, the system gives you some Bitcoin as a reward. Back in the early days of Bitcoin, it was easy to mine Bitcoin using your own computer. However, as the cryptocurrency has become more popular, it has become all but impossible for individuals to make a profit mining Bitcoin. That doesn't stop a lot of people from trying, though. If you want to mine Bitcoin, you can either sign up with a cloud-mining company or build your own mining rig to mine for yourself. [1] X Research source.
8 Best GPU For Mining - Which Graphic Card to Choose in 2020.
Discover the latest and best GPUs for mining cryptocurrencies and let us help you choose the one that suits your needs.
Graphic cards are constantly evolving. Miners are bombarded with new hardware releases on a regular basis. Crypto-enthusiasts can often become overwhelmed with the available options of cryptocurrency mining equipment.
This article will explore the best GPU for mining in 2020. We will take a look at specifications, power, and budget choices, making it easier for you to choose the option that works best for you.
Keep on reading if you are interested in finding out about the best GPU for mining cryptos.
A short introduction to cryptocurrency mining.
If you are reading this blog regularly, you probably know what cryptocurrency mining is. For the sake of clarity, let's give a brief introduction to the concept.
Cryptocurrency mining is the process of verifying transactions on the Blockchain. This is done through solving complex mathematical problems (or hashes) through the computing power of your PC.
Where it gets interesting is that mining also generates new (crypto) coins. These are distributed as rewards to the miners that successfully verify transactions. This mechanism is called a proof-of-work .
It was Satoshi Nakamoto who first implemented PoW through the Bitcoin blockchain. The idea was that people would use the power of their CPUs to mine new coins. At the cost of their time and electricity, miners would be rewarded with new Bitcoin for their effort.
However, it soon became obvious that GPUs were much better suited at solving these hashes.
Soon after, FGPAs followed, allowing for faster mining. And finally, came the ASIC miners, which are much more powerful than GPUs.
Once ASICs got introduced to the market, many people thought that GPUs would automatically go obsolete. However, that did not happen, and time showed that GPUs still have their place in the mining industry.
While some mining algorithms require high computational power, others have been programmed to be ASIC-resistant . They accomplish this by requiring a lot of memory for solving their hashes, making GPU mining still relevant today.
With that said, not all GPUs are the same. There are some key characteristics that you should look for when choosing your graphic card.
Main aspects to watch for in a GPU for mining.
As far as mining is concerned, rendering and gaming performances are mostly irrelevant when choosing a graphic card. Instead, users should focus on aspects that directly impact mining efficiency:
Hashrate - This is the problem-solving power of the GPU. It shows how much hashes the GPU makes in a second. Hashrate impacts the speed at which new coins can be mined, and is dependant on the algorithm of a particular blockchain. Power Draw - This will be the running cost of your GPU. It shows how much electricity is needed for your card to operate optimally. Memory Size and Memory Speed - Memory size and memory speed are important for mining size-heavy algorithms like the one on the Ethereum blockchain. Pricing - Your initial investment. There are lots of cards out there, so the goal is to find the best option that suits your budget.
As new video cards for mining hit the market, some retain their efficiency, while others become obsolete. Let's see which ones are the best GPU for mining in 2020.
Bitcoin mining with a GPU.
Bitcoin is the most valuable cryptocurrency on the market. It goes without saying that it draws the most interest when it comes to mining.
But even the best GPU for mining isn't good enough for Bitcoin. The original cryptocurrency uses the SHA-256 algorithm in its mining process which is notorious for its high computational power requirements.
Additionally, Bitcoin's mining difficulty goes up with the number of miners competing for the rewards. Its incredible popularity has increased the difficulty, leaving only one viable option to acquire new Bitcoins: ASIC miners.
However, these specialized machines are very expensive, hard to come by and have diminishing returns due to hardware degradation. Furthermore, they are designed for solving only one algorithm, restricting you from mining different coins.
If you are looking for a Bitcoin-friendly GPU, you will be quickly disappointed. You would simply never break-even.
So, how do you mine Bitcoin with a GPU? Is it still possible?
Well, you can't mine Bitcoin with a GPU directly. Instead, you can go down another road: mine alternative cryptocurrencies and exchange them for Bitcoin. This way, you will still be able to increase your Bitcoin portfolio.
Here's a great video that explains the ins and outs of building a GPU mining rig if you are a beginner.
So let's check our list of the best video cards for mining that are available on the market at the moment.
Best GPU for mining Ethereum and Other Cryptos.
Choosing the best GPU for mining is not an easy task. To help you, our list combines 3 important aspects you should be investigating: budget, performance, and running costs. At the same time, we talk about some crucial points you should consider like availability, single or multiple GPU systems, regional electricity pricings, etc.
Performance varies depending on the coin that is mined. To optimize ROI, check Betterhash profit ratios, and adapt to the market accordingly.
That being said, let's check the best options in the market.
1. Nvidia RTX 2080ti - expensive but powerful.
Hashrate: Excellent | Power Draw: 270W | Memory: 11gb GDDR6 | Price: $999.
This is Nvidia's flagship graphics processor. It was released in late 2018 and is still one of the most powerful graphic cards out there today. This shows how Nvidia dominates the market when it comes to sheer performance.
With a hefty price tag of about $1000 and a pretty large power draw of 270Watts, it's an expensive card to buy and run.

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However, the mining performance is nothing to frown upon, as calculators set it as one of the best GPU for mining. For those that don't have space for more than 1 card, this might be their optimal choice, albeit expensive.
2. AMD RX 5700XT - the new contender from AMD to Nvidia.
Hashrate: Good | Power Draw: 220W | Memory: 8gb GDDR6 | Price: $360-400.
AMD has been lagging in the GPU department, but their new lineup has a few cards up its sleeve (pun intended). The 5700XT was launched in late 2019 and has come to play toe to toe with Nvidia's best models.
Performance-wise, it's close to Nvidia's top of the line (RTX 2070 Super) and is a bit more affordable (-20% on average).
This puts in a sweet spot, as people can buy two of these cards instead of a single 2080ti. For those residing in locations where electricity is cheap, they can double their mining performance without breaking the bank.
3. Nvidia 1660 SUPER - mining on a budget.
Hashrate: Decent | Power Draw: 125W | Memory: 8gb GDDR6 | Price: $230.
This is the souped-up version of the 1660 Geforce series from Nvidia. Released in late 2019, it has similar mining performance to the RTX 2060 , while being a lot more affordable.
It's usually priced around $250, making it one of the cheapest cards on our list. It only consumes 125W, which makes it really efficient to run.
The low price and power consumption make it one of the best GPU for mining at the moment. You could buy multiple new cards, enjoy 2 years warranty and still remain on a decent budget.
4. Nvidia 1080Ti - an older flagship that still performs on a high level.
Hashrate: Good | Power Draw: 250W | Memory: 11gb GDDR6 | Price: $350-400 Used.
For those into the second-hand market, Nvidia's best GPU for mining from the last generation can be a great option.
Like any flagship GPU, the 1080ti was very expensive when it came out (around $1000). Theoretically, it was the best GPU for mining, but miners avoided it because of how expensive it was at launch.
However, this card has been around for a few years now and there are a lot of offers for it on the second-hand market. We've seen the 1080ti on eBay for $300-350 which puts it at an almost-budget level.
5. AMD RX 580 - the best budget solution even 3 years later.
Hashrate: Decent | Power Draw: 180W | Memory: 8gb GDDR5 | Price: $220 (under $100 used)
The RX 580 was AMDs answer to Nvidia's budget line of GPUs in 2017. While it lagged a bit behind in gaming performance versus the competition, it was considered one of the best GPU for mining.
A budget price of $220 new and 8gbs of RAM out of the box made it the most popular card. This made it very hard to find one on the market during the 2017 altcoin boom.
While it's raw power has fallen behind, you can find a bunch of these cards on eBay for under $100. This would allow you to build a multiple-GPU rig for cheap that would easily surpass newer cards for less money.
6. Nvidia GTX 1070 - an old favorite from the last generation.
Hashrate: Good | Power Draw: 150W | Memory: 8gb GDDR5 | Price: $380 ( $200 used)
The GTX 1070 was a close second in popularity after the AMD RX580 during the 2017 cryptocurrency bull run. It offers above-average mining capabilities and is still widely available in some parts of the world.
With the popularity of mining slowly decreasing, you can find droves of these cards second hand, sometimes even under $200. We do not recommend buying one new, as more powerful and more affordable cards are available today for the same price.
7. Nvidia RTX 2070 SUPER - excellent miner for half the price.
Hashrate: Excellent | Power Draw: 250W | Memory: 8gb GDDR6 | Price: $500.
The Super versions of Nvidia's 2018 lineup brought excellent value placing them at the top of the best GPU for mining.
The 2070 Super isn't the most affordable card to run continuously with its 250W power draw. Performance-wise, it's close to the cheaper AMD 5700XT, so why would you even consider buying this GPU?
The answer is - Availability. The 2070 Super can be found anywhere most of the time, unlike its AMD rival.
8. AMD Radeon VII - power-hungry, but incredible mining performance.
Hashrate: Excellent | Power Draw: 300W | Memory: 16gb HBM2 | Price: $700 ($450 used)
The Radeon VII was our first choice for the best GPU for mining Ethereum a few months ago. A large amount of high bandwidth RAM ensures excellent mining performance.
It has the same mining capabilities as the top card from Nvidia, and it's cheaper, although a bit more power-hungry.
So what's the catch? Well, like it's often the problem with premium AMD cards, it's the availability. You will have a hard time finding one new if you are looking for hardware under warranty.
Still, for those on the lookout for used GPUs can find them at decent prices regularly on eBay.
Stats Comparison.
Our top pick (Our favorite GPU miner)
It's difficult to single out one card as being the best GPU for mining overall. There are a lot of parameters to consider. Some, like electricity cost and GPU availability, will depend on the region you are situated in.
Still, we are here to help you make the best choice, and our recommendation goes to the Nvidia GTX 1660 SUPER.
The card can be found as low as $210 and is a great ROI, especially when combined with the low power draw and decent performance. This is the new card to beat when building multi-GPU rigs in 2020.
Good availability Runs Cool (low heat) Small format (makes GPU mining rigs easier) Low power consumption.

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ETHER MINING: How to get 25 mh/s with a GTX 1060 (Windows)|6:45

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Average performance Too recent, no second-hand market.
What coins can you mine with a GPU?
If you are serious about your GPU mining, our advice is to often check what coins are the most profitable. The GPU mining scene is ever-changing, but there are a few cryptocurrencies that have proven to provide good value over time.
Here are the top 5 coins to mine at the time of writing:
1. Ethereum (ETH)
Ethereum (ETH) is the second most popular cryptocurrency and is a great way to start your GPU mining adventure. It's widely accepted as a payment method and you can sell it on any exchange if needed.
Also, it might be your last chance to mine some ETH before the network changes its consensus mechanism to PoS in Q3 of 2020.
2. Ethereum Classic (ETC)
Ethereum Classic (ETC) is the original, unaltered version of the Ethereum blockchain. ETH was forked from Ethereum Classic after the DAO hack in 2016.
ETC is constantly one of the top 20 cryptocurrencies by market capitalization. This makes it quite a safe coin to mine, given its popularity.
3. Monero (XMR)
Monero (XMR) is a cryptocurrency with a focus on private transactions. Unlike Bitcoin and Ethereum blockchains, transactions can't be traced on the Monero Blockchain. While anyone can use the network, the source, amount and destination remain private.
4. RavenCoin (RVN)
Ravencoin is a fork of Bitcoin which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain.
Through the Ravencoin network, users can create and transfer assets from one party to another. Similar to Monero, it focuses on the privacy of its users.
5. Bitcoin Gold (BTG)
Bitcoin Gold is a hard fork from the original cryptocurrency that was designed specifically to be ASIC-resistant. One of the main reasons for its creation was to democratize mining and make it accessible to enthusiasts that want to build their own machines with GPUs.
This concludes our article about the best GPU for mining of 2020. Let's sum up the main points you should be considering when building your own GPU mining rig:
Always weigh out the main aspects when choosing your hardware: performance, price, and running costs . There's no perfect GPU, they all have their pros and cons. Check the second-hand market for availability and great deals. There's nothing wrong with mining using second-hand hardware, as long as you accept the warranty risks. Use mining calculators and check what is the most profitable at the moment. Often check running costs versus income to ensure you aren't mining at loss.
Hopefully, this guide will give you the necessary info when choosing your GPU. The latest Nvidia mining GPU are great performers and if you are looking for new gear, you can't go wrong with a rig built around the GTX 1660 SUPER.
Best mining GPU 2020: the best graphics cards for mining Bitcoin, Ethereum and more.
Join the cryptocurrency craze with the best mining GPUs.
If you're looking for the best mining GPU for delving into cryptocurrency mining, then you've come to the right place. Excellent mining GPUs need enough memory and power for mining without breaking the bank. And, we've got the best of them right here. After all, when you start mining for Bitcoin or Ethereum, you won't be yielding large amounts of cryptocurrency to start. Minimizing your initial costs as much as possible, therefore, is ideal.
Cryptocurrency may not be as popular as it used to be, but that doesn't mean it's dead. Bitcoin, Ethereum and other crypto coins are still flowing, while others are booming, which means that there's still a demand for mining GPUs. That means that there's still quite a few of them out there, all vying for your money.
Let us help you find the best one for you. Keeping price and efficiency in mind, we gathered the best mining GPUs money can buy in 2020. We've also included our exclusive price comparison tool, so you get the best price on whichever one you pick. This way, you can maximize your profits and start making your initial investment back as quickly as possible.

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International Online Forum «Advanced Engineering Competencies - the Future of Mining Industry»|4:29:33