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Bitcoin mining.

Started by Bitcoin, Feb 14, 2021, 08:32 am

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Bitcoin


By Far The BEST Bitcoin Mining Software In 2020 💸Profitable💸|13:41

Bitcoin

How Much More Profit Can a Bitcoin Miner Get With Binance Pool?
In this section, we'll apply the various advantages that Binance Pool offers and tally how much more profit an average miner can get on Binance Pool compared to another mining pool.
For example, one miner connects 100 PH/s to either Binance Pool or another pool, resulting in 65.22 BTC revenue for three months (from October 15, 2020, to January 15, 2021). The miner also decides to deposit 5 BTC into Pool Savings.
Bitcoin - Mining.
With Bitcoins, the process of creating the currency is called mining. Bitcoin miners use specialized software and hardware to verify bitcoin transactions and to solve complex math problems and are compensated by a certain number of bitcoins in exchange. This is how bitcoin currency is issued and anyone can mine bitcoins. We can use mining to create or earn our own bitcoins. Presently, a successful miner is rewarded with 25 bitcoins for every new block that is created roughly for every 10 minutes. This mutually agreed value will halve after every 210,000 blocks are added to the chain.
Bitcoin mining involves verifying and adding transaction records to Bitcoin's public ledger of past transactions or blockchain. The blockchain is used to confirm transactions as having taken place to the rest of the network.
Bitcoin nodes use the blockchain to legitimate or validate genuine Bitcoin transactions and prevent double spending of bitcoins, that is, stop re-spend of coins that have already been spent elsewhere.
Bitcoin mining is willfully designed to be resource-intensive and difficult so that the number of blocks mined each day by miners remains moderate and steady. Individual blocks are also required to contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes every time they receive a block. Bitcoin employs the hashcash proof-of-work function for its working.
The primary goal of mining is to facilitate Bitcoin nodes to reach a secure, tamper-proof consensus. Mining is also the mechanism used to introduce Bitcoins into the bitcoin eco system: Miners earn (if any) transaction fees as well as a "reward or bounty" of newly created bitcoins.
This both serves the purpose of distributing new coins as well as motivating people to secure the system.
Proof of work.
A proof of work is a piece of data which was resource-intensive and time-consuming to produce so as to satisfy certain requirements.
Producing a proof of work is usually a random process with low probability, and a lot of trial and error is required before a valid proof of work is generated. Bitcoin uses the Hashcash type of proof of work.
Additionally, the miner is awarded the transaction fees paid by users. The fee is a sort of incentive for the miners to include the transaction in their block. In the future, the fees will make up a significant percentage of mining income.
There are two main types of mining: Solo and Pool.
Solo Mining.
Solo mining is done alone or on your own. With the configuration of a normal desktop or laptop, it would take years to earn actual bitcoins as mining requires enormous computing power.
The second method we can use is pool mining . It involves signing up for an account with any one of the different pooling sites. Using their software and hardware, these sites pool the mining efforts of a lot of people's computers. Every person in the pool gets small number of bitcoins as his share as a reward. For individuals, pooling is preferable over solo mining.
BitMinter is a Bitcoin mining pool that aims to make it easy for anyone to make bitcoins. It is one of the oldest pools. Since its opening in 2011, over 450000 people have registered accounts with it. In the earlier period, CPUs and GPUs were used for Bitcoin mining. Now we need to have specialized Application Specific Integrated Circuits (in short ASIC) machines for Bitcoin mining. The speed of these machines is given by their hash rate which is presently of the order of tera hashes/second or T H/s.
ASICs took over mining in 2013. Mining just one bitcoin with an ordinary PC would take quite lot of time. You will need a 1 TH/s or faster ASIC machine to start a small mining operation at your home.

Bitcoin


Which Crypto Mining Software Do You Use?|20:02

Bitcoin

Using BitMinter for Mining.
Below is the process to use BitMinter for mining −
Step 1 − First, we signup with BitMinter site using our google or yahoo mail accounts and then confirm our mail id by clicking on the link in our mail received from BitMinter.
Step 2 − We set up a Worker account with a worker name and worker password besides the username created when creating BitMinter account. We link the Bitminter Client to the worker account.
Step 3 − Then we log in by filling up account details as shown below.
Step 4 − After this by opening the BitMinter Client application , we get following console as shown below −
Step 5 − We press the Engine Start button to start mining. We have to ensure that our machine clocks a hashrate speed of atleast 25 million hashes/second or 25 M H/s .
Step 6 − We will also need to change a few settings regarding automation. We can leave our machine on all day and all night.
Step 7 − We can go to Settings > Options to change these settings. Automated devices are a list of devices that you set so that they start automatically when the software starts.
Step 8 − We will let our machine run at night increasing the prospect of making more number of bitcoins.
Mining secures the transactions by finding random strings that make the block to hash to a value with lot of leading zeros. The more the zeros, the more difficult it is to decrypt. Mining bitcoins does not mean finding new bitcoins; these are awarded by the network for completing validation of all outstanding transactions of a block and solving some complex math puzzle.
Ways to Earn Bitcoins.
The best way to earn bitcoins is to find and execute work paying in bitcoins. We can purchase the bitcoins as well. Lastly, if we want to earn them the hard way, we should go for mining. To mine bitcoins, we can buy some cheap hardware on sites: ebay.
Bitcoin Tutorial.
The tutorial begins by introducing what bitcoins are, then proceeds with the installation of the bitcoin client software and wallets to make bitcoins transactions possible. It also discusses Bitcoin mining, exchanges, and trading. Finally, it moves on to applications and future of bitcoins. After reading this tutorial, you will have learned all the basics of bitcoins; enough to use bitcoins and make money by trading and investing in bitcoins.
Audience.
This tutorial has been prepared for professionals aspiring to learn all the essentials of Bitcoins and develop a habit of buying products and services using bitcoins and lastly making money by trading in this brand new cryptocurrency.
Prerequisites.
Before you start proceeding with this tutorial, we assume that you have basic computer skills, knowledge of downloading and installing software like Java and other applications. Prior exposure to the Linux operating system flavors would be an added advantage.

Bitcoin


How to Mine Ethereum on Windows 10 - 2020|10:41

Bitcoin

7 Best Cloud Mining Sites in 2020 for Cryptocurrency.
October 29, 2020.
Looking for the best and trusted cloud mining website? Well, well you are in the right place. We are here to give you the list of best cloud mining sites that are making round on the internet.
Are you bothered to rent the hardware equipment and mine by yourself? Cloud mining can help you in this regard. We will go through each and everything from what cloud mining is to how you can rent out equipment to make sure your mining process runs smoothly. Let's dive into this!
What is cloud mining?
Cloud Mining is a process in which you take part in a mining pool and purchase a certain amount of "Hash Power". An equal proportion of profit is distributed among all the participants who take part in the mining pool on the basis of allocated hash power. It allows you to mine cryptocurrency without installing any hardware. There are many companies that do this hard work for you and participate in cloud mining for you at a very basic cost. if you are looking to earn free cryptocurrency or bitcoin here is our perfect guide for best bitcoin faucets.
Best cloud mining sites 2020.
To start cloud mining, there are various top legit cloud mining sites that ensure the best security for your assets and provide a comprehensive list of features. The following are the best and top-rated Bitcoin cloud mining websites in the market.
1. Hashflare.
Somewhere around 2015, the site launched its services to its users and has grown enormously since then. Currently, the site has around 1 million visitors every month.
Hashflare is a service that offers cloud mining contracts. The users can mine five different cryptocurrencies via this platform i.e. ZCASH, DASH, Ethereum (ETH), Litecoin (LTC), and Bitcoin (BTC). The platform offers different pool mining solutions. You can decide your own customize pool based on your preferences and Hashrate.
The profit is distributed to all customers based on the Hashrate. The best thing about Hashflare is that you don't need big investments to start. The payouts are very transparent with different payment methods. It offers real-time mining statistics so that you can easily track how much profit you have made. here is our guide to the best places to buy bitcoin in 2020.
2. Genesis Mining.
Genesis mining is one of the largest cloud mining company that offers Bitcoin mining projects. Founded in 2013, the company held its reputation in the market by providing smart and easy investment solutions.
The company has over 2 million customers from around the world. When it comes to hash power, genesis mining is the largest hash power provider for altcoins and bitcoin.
The platform offers mining in both bitcoin and altcoins. You can mine different coins at the same time using the hash power that you owned. For instance, you can use different cryptos to diversify the risk of your investments. The company takes care of the miners and maintenance to get rid of the hassle.
Genesis Mining provides numerous pricing packages based on your hash power and the type of coin that you are interested in mining. In comparison to other cloud mining platforms, they are a bit expensive but they provide excellent experience and support.
3. Crypto Universe.
Live since 2018, the crypto universe is another cloud mining project that allows the users to earn crypto mining with profitable plans and contracts.
The platform mainly provides its services in the n federation. The electricity rate is low in the northern region and it's a big advantage for the crypto universe. There are 3 different plans are available named standard, VIP, and the tariff 2025 for long term benefits.
The users can mine through 2 types of contracts " Cloud Miners " and ' BTC Mining ". The platform lets its users buy equipment for mining. The users can resell the equipment to miners and can take their funds back at the end of the contract.
As the crypto market is booming, the value of mining equipment is increased and it can give users an extra margin on profit. The interface of the website is quite user-friendly. There are a bunch of plans available with low investments and no hidden charges. There are numerous crypto affiliate programs available through which customers can earn.
4. IQ Mining.
In late 2016, IQ mining started to provide its services. There are quite positive feedbacks from the customers these days.
The company provides remote equipment enabling users to rent them out to join cloud mining. Within a limited time, IQ Mining has grabbed almost 50,000 users. There are three different packages available depending on your wishes and investments.
Bronze Packages Silver Package Gold Packages.
There are many cryptocurrencies available from which you can choose for mining. The registration is free with no subscription fee. There are smart contracts available to reduce the risks.
IQ Mining has a very soft and user-friendly interface. As it is based in Europe, the platforms provide four major languages (French, Spanish, n, and English). The profit forecasts are quite high compared to investments which are not understandable. The platform is suitable for small investments until it gains more acknowledgment from customers.
5. Ultra Miner.
Launched a year ago, it is a Bitcoin mining platform devoted to providing the best cloud mining experience and high-quality customer service.
They have gained so much popularity and support from their customers around the world for how much sincere and professional they are. The platform provides four packages for bitcoin cloud mining. It has the lowest investment plans among all other mining platforms. It is an unregulated platform.
You can also earn commission by referring to someone. They provide VIP service on the purchase of 1000 TH/s which include many perks and advantages to its users.
6. Hashing24.
Hashing24 is the most common Bitcoin cryptocurrency platform that provides legal cloud mining services. The organization has been running since 2016, and its research team has been focusing on the demand for cryptocurrencies since 2012.
Hashing24 is officially based in the United Kingdom, Thailand, and e. In comparison to other platforms, hashing24 provides unlimited contracts for its users to invest in.
On hashing24, there are no fixed contracts. The customers select the hashing power and the method of payments by themselves. They can choose their desired plan depending on the forecast profit. Bitcoin is the only currency that they support in their available cryptocurrencies. The company pays its customers without any delay.
7. Eobot.
Eobot is a cloud mining service provider and crypto exchanger. It was launched back in 2013 in the USA. Despite using this platform in the web browser, Eobot is also available on both android and iOS.
Since the launch, Eobot has over 2.2 million users with hundreds of thousands of active users daily. It also facilitates real-time trading through various digital assets. Eobot provides innovative mining services for its users with a wide range of tools. It provides a wide range of cryptocurrencies to let the user trade in between.
There is a feature called 'Eobot crypto Faucet" through which the website randomly gifts a small amount of cryptocurrency on daily basis to users. The membership is free on the exchange and also there are no monthly fees.
However, on every transaction, they charge a 5% fee. Since the exchange is operational, they never compromise on security. The exchange also provides a bug bounty audit report which is refreshed every 60 seconds. It lets the users observe how much crypto capital is at risk.

Bitcoin


Best Bitcoin Mining Software That Work in 2020??? Review|10:16

Bitcoin

How to select a bitcoin cloud mining website?
When it comes to selecting the best mining website, the process is very smooth and pretty straightforward. You only have to pick a plan to see how the service works.
Perhaps the most complicated part is finding the right host. Always check the background of the company, look at their websites, and read their reviews. Double-check if they have the statistics of their previous work.
Cloud mining is recently becoming the top trend in crypto and bitcoin. The reason is very simple. Cloud mining makes mining more easy and convenient. By using the cloud, you can avoid the hassle and stress of using hardware at your own pace. In this regard cloud mining is more profitable then the mining you do with your hardware.
Moreover, although cloud mining can have some drawbacks, it does have advantages. It allows cryptocurrency and bitcoin more accessible to the public. Cloud mining has a bright scope in the future but there is an issue about the legitimacy of whether it is legit or not.
Many of the companies offering cloud mining services are scam or they use ineffective business models. By ineffective I mean, if your purchase or hold bitcoins, you either would risk your money or gain less than you should.
We would love to hear how your experience with the cloud was mining. Let us know in the comment section below if you need any help.
What is the best cloud Mining website in 2020?
choosing the best mining service is not an easy task as the market is full of scammers. Hashflare, Genesis Mining, and IQ Mining are the far the best cloud mining providers. These are the most reliable and legit sites that are offering cloud mining solutions. But Make sure to search and figure out everything before Investing.
Which cloud mining is profitable?
It totally depends upon the company you choose. Some companies give leverage to its users in monthly fees while other companies charge hefty amounts for the sake of registration fees. You should also focus on the mining profitability to know which company is more profitable in terms of contracts. Last but not least is the quality of service they are providing. There are so many drawbacks which hare totally neglected while choosing so make sure to research all these aspects in order to reach on bottom lines.
Does cloud mining pay off?
It depends on whether the platform is legitimate or not. Mostly there are Ponzi schemes and they usually charge form newcomers pay it to their old customers and themselves and mostly the company disappears for the record. So, you must check the authentic information before diving in.
Best GPU For Mining In 2020: (Ultimate Guide)
Finding the best GPU for mining can be challenging with all the video cards on the market to pick and choose from. The fact is that when it comes to choosing the best graphic card for the purpose of mining, the answer can be different depending on the users' goals and budget.
For example, the best GPU for mining Ethereum differs from the best mining GPU for ROI. Additionally, the best GPU for mining Bitcoin has a totally different answer.
So without further ado, we wanted to create this guide to help answer all these commonly asked questions around this topic. But before we reveal the best GPU for crypto mining, let us cover some basics of cryptocurrency mining, which ties in with how we selected the mining hardware recommendations.
Be sure to stick around to the end as we reveal our favorite mining GPU from the list and our favorite cheap GPU for mining.
The Basics Of Cryptocurrency Mining.
Mining Cryptocurrencies involves the use of computers to solve repetitive math problems for verifying transactions and finding new coins. This is commonly referred to as finding or solving blocks, and it's also known as hashing. The lucky miners or mining pool that correctly solves each complex equation first gets rewarded for their work. Miners can increase their chances of success by using faster chipsets or by adding more processing power to the network.
Currently, as it stands, there are four classes of chipsets to use for mining cryptocurrencies, which are central processing unit(CPU), graphical processing unit(GPU), application-specific integrated circuit(ASIC), and field-programmable gate array(FPGA). To learn more about the differences between these forms of mining hardware, check out our beginner's guide to crypto mining.
At the beginning back in 2009, Bitcoin was the only coin you could mine using nothing more than a laptop or desktop with a CPU. However, it was long after that someone discovered that GPUs were faster and more efficient than CPU for this purpose and so CPU mining Bitcoin with a laptop was laid to rest. However, it wasn't long after that GPU mining Bitcoin was faced with the same dilemma when ASIC miners took over the Bitcoin scene.
This doesn't mean that GPU or CPU mining is dead; it just means you have to mine different coins with this type of chipsets. For more details on the current state of Bitcoin, GPU, and CPU mining these days, check out some of our other guides. Also, if you're looking for ways to earn Bitcoin with GPU, then check out our GPU mining software to learn more.

Bitcoin


How to Mine Bitcoin on Windows- Bitcoin Mining Software 2020|5:20

Bitcoin

Recommended Mining Guides:
Factors For Choosing A GPU For Mining.
Now comes the nitty-gritty of how to choose a GPU for mining. As stated earlier, the best GPU for mining has a few different answers. However, we hope that by sharing these main key factors that this can help narrow down your choices and, more important, goals of what you're trying to achieve. These main vital factors are as follows:
Most mining rigs get built with multiple GPUs for better performance. The cost of each GPU can vary from 150 to upwards of 1300 USD dollars, depending on the make and model of the video card. Our recommendation is to buy graphic cards somewhere in the middle for the best chance of ROI, although there is sound reasoning for going with a more expensive GPU. Keep reading to learn why.
The speed at which a GPU can mine gets measured in hashrate. GPU hashrate vary greatly depending on the type of graphics card and the coin algorithm utilized. Unless you're looking only to mine a specific coin, we recommend buying a GPU that has a well-rounded hashrate across a wide array of hashing algorithms.
GPU mining requires a lot of electricity, which will determine your operational mining costs. Additionally, a higher wattage GPU can produce more heat that will need to be exhausted. Our recommendation is going with a lower wattage to combat both of these issues. However, if you're looking to get more hash power out of a confined space, then you may want to go with a higher wattage GPU as they tend to have a higher hashrate.
Warranty.
Mining requires your GPU to perform under a constant load 27/4, which can cause your card to wear prematurely. To be clear, though, mining is no more harmful to your equipment than gaming is. In fact, we cover this topic in great detail in one of our other articles. Whether your gaming or mining with your GPU, make sure you get one with at least a 2-yr warranty.
AMD Or Nvidia.
When it comes to choosing Nvidia or AMD, there is much debate to be had. The short answer is Nvidia as they tend to be more well rounded for most coins, but there are some hashing algorithms where AMD does seem to excel. However, AMD will require more skills and research to overclock to achieve better performance. Therefore we recommend you use Nvidia if you're new to mining.
Best GPU For Mining In 2020.
So now that you understand some of the primary critical factors for choosing the best Bitcoin mining GPU for your mining needs let's get started revealing the best ones to use. We scoured the internet high and low to curate this list and to make it as current as we can, so with that said, here are our top picks for you.
RTX 1660 6 GB Ti.
Out of all the cards out there currently, most miners would agree the 1660 Ti 6GB is the best GPU for mining. This is a newer released mining card made by Nvidia that uses DDR6 memory. What most miners like about this card is its priced to be affordable as it appears to around the same as the price the old 1060 6GB.
However, this card seems to outperform Nvidia's older model, the 1060 6GB, across a wide range of cryptocurrencies when it comes to mining. Additionally, miners like the fact that this card doesn't use a lot of electricity as some of the other mining GPUs.
What miners appear to like the least about this card is the fact that its only 6 GB, which means that it's unable to mine specific hashing algorithms like the Cuckatoo31 that require 8 GB of memory.
Low Wattage Low Heat Small Form Factor Easy To Overclock Well Rounded Hashrate.
Only 6 GB of memory Low Hashrate on Cryptonight Algo.
Check out 1660 Ti 6 GB Mining Profitability and Hashrates here.
RTX 1660 6 GB.
If you are looking for the best cheap GPU for mining, then the 1660 6GB from Nvidia just might be it. When you compare the cost of this card, it's comparable to Nvidia's 1050 Ti 4GB, meaning its extremely cost-effective.
However, miners have reported that this card isn't as powerful as the 1660 Ti 6GB when it comes to hash rate as it has fewer Cuda cores. But its power consumption is slightly less than the 1660 Ti, so if energy costs or circuit overloading is a primary concern for your operation, this might be a good option to look into.
Much like the 1660 Ti, the primary concern is it's only 6GB of memory, but it also has less mining performance when mining coins like ethereum. All in all, though, this a very cost-effective way to build a cheap mining rig.
Energy Efficient Less Heat Compact Easy To Overclock.
Only 6 GB of memory Lower Hashrate than 1660 Ti Low Hashrate on Ethereum.
Check out 1660 6 GB Mining Profitability and Hashrates here.
RTX 2070 8 GB Super.
In 2018 the Geforce 1070 8 GB card was voted one of the best GPUs on the market to get for mining. Now with the release of Nvidia RTX 2070 8 GB series, that's all changed. This card cost is comparable to what you would pay when it comes to buying 1070 cards brand new.
When it comes to mining hashrate, the RTX 2070 comes out ahead when compared to the old 1070 8 GB. However, the power consumption on this newer card seems to be slightly higher than the 1070 cards, which isn't a total deal-breaker.
What sets this card apart from all the other cards mentioned is the fact that it comes with ray tracing. To be clear though ray tracing has no benefit in terms of mining performance. What this boils down to is high-end gaming. So if you're looking to build a cross-functional high-end gaming/mining rig, 2070 cards might be a good option.
Great For High End Gaming High Hashrate Higher Profits Easy To Overclock.
Not As Energy Efficient Longer ROI Times Cost More Runs Hotter Noisy Fans.
Check out 2070 8 GB Super Mining Profitability and Hashrates here.
RTX 2060 6 GB Super.
If your not looking to spend quite as much as what a 2070 8 GB super costs and don't mind going to a lower memory bandwidth card, then the 2060 6 GB super could be your best option. Compared to 2070 cards, there only a few mega hashes difference When it comes to mining ethereum with the 2060 super.
When it comes to power consumption for the 2060 super, there's not a huge difference either when compared to 2070 cards. However, a lot of miners prefer 2070 GPUs over the 2060 super due to the fact you can etch out better mining performance across a broader range of hashing algorithms like Ravencoin to give an example.
The critical factor here when it comes to buying the 2060 super is the price as it tends to be advertised around $100 dollar USD cheaper than the 2070 Super cards. All in all, still an excellent mining card if you cant or dont want to spend more.
High Hashrate Easy To Overclock Quiet Fans Good for ETH mining Affordable.
Low Hashrate On Some Coins.
Check out 2060 6 GB Super Mining Profitability and Hashrates here.
AMD Radeon VII 16GB.
Last on our list is the AMD VII 16 GB card, which is currently the only AMD card on our list and for good reasons. This mining card is the highest hashrate mining GPU of all the ones mentioned here. The AMD VII can mine Ethereum at 90 m/Hs while drawing 250 watts from the wall once overclocked.
However, keep in mind that with great power comes significant prices. With that said, miners claim this is the best GPU for mining ethereum. It also has 16 GB of memory, which enables this card to mine grin on the Cuckatoo31 hashing algorithm.
The primary technical concern with this mining card is that it is a bit of a challenge to overclock and is extremely power-hungry, which means it creates more heat that will need to be dealt with. It's also not as efficient at mining other algorithms as some of the other cards, so keep that in mind. All in all, a great card if money is not an issue and you like mining Ethash based coin like Ethereum and Ethereum classic.
Highest Hashrate On Eth Higher daily profits.
Hard to overclock Power Hungry Limited Mining Algorithms Pricey Runs Hotter.
Check the AMD VII 16 GB Super Mining Profitability and Hashrates here.
The Top Recommended GPU For Mining In 2020.
So now that we have revealed our list of the best GPU for mining, it's time for us to unveil the top choice that we prefer the most. But before we get down to business, we shall cover how we came to this conclusion. As stated earlier on in our guide, we recommend going with a card that falls somewhere in the middle based on price, mining performance, and lastly, power consumption. Here is what fits the bill on all three factors.
The 1660 Ti GB is our most preferred mining card out of all the ones listed here. The main factor for us if the fact that it can mine a wide range of cryptocurrencies at low wattage. The other significant factor is its priced just right so that it could achieve a faster ROI. You see, to us, mining is all about getting your investment back as quickly as possible, and we believe this mining card is best suited for that.
A close second would be the 2060 6 GB card as it's not that much more than a 1660 Ti 6 GB. However, when you factor in buying six or more of these to build a mining rig, things can quickly add up.
This concludes our guide on the best mining graphics cards for 2020. If you would like to be a part of our FB group where we can help you get started mining, then join using the link below. Furthermore, if you find a card that you feel deserves to be added to the list, then drop a comment below and let us know.
Thank you for checking out Crypto Miner Tips. HAPPY MINING!

Bitcoin


Best GPU To Use For Mining 2019/2020|32:30

Bitcoin


BEST New Budget GPU For Mining? Nvidia 1660 Super Mining Hashrates Review!|12:47

Bitcoin

2020's Best GPU for Mining (Most Up to Date Guide)
Want to know what the best GPU for mining is in 2020? This article will tell you what you need to know.
Note: before mining, make sure to setup a wallet where you can send your mining profits to! You don't want to send your profits to an exchange, since they're notorious for getting hacked or otherwise losing user funds.
The Exodus crypto wallet is a miner favorite thanks to:
Supporting over 100 crypto assets Focusing on premium design and ease of use, so you can focus on mining Being the only wallet to support desktop, mobile, and hardware wallet (Trezor) integration Allowing you to exchange your mining profits for other cryptos right from your wallet - without creating an account! Giving you the ability to sync your wallet between desktop and mobile Having 24/7, fast human support if you ever need help From left to right: Exodus on Trezor, mobile, and desktop. Download Exodus here.
2020’s Best GPU for Mining: Nvidia GeForce GTX 1070.
The GTX 1070’s combination of high hash rate, high amount of memory, and low power consumption make it the best GPU for mining. However, it is a bit pricey as with other Nvidia GPUs, which means it might take longer to recoup your investment. Nevertheless, if you’re mining for the long run, the GTX 1070 is a must buy.
30 MH/s Power draw: 150W Memory: 8GB Price: $299 (Walmart)
Note: another option here is to go with the GeForce RTX 2070, which is the newer version of the GeForce GTX 1070. The RTX 2070 boasts higher hashrates (
40 MH/s) but also higher power draw (185W). Given the high price of the RTX 2070 (
$500), the GTX 1070 might be a better option until prices come down. Though if gaming is important to you, the RTX 2070 performs better in high-end gaming situations thanks to a feature called ray tracing.
During the cryptocurrency boom of 2017, the price of the GTX 1070 and other popular mining GPUs skyrocketed.
2020’s Best GPU for Mining if You Have No/Low Electricity Costs.
Of course, if you have lower energy costs (or even none) because you live in a country with cheap electricity, someone else pays your electricity bill, or you happen to have your own private hydroelectric dam (who doesn’t), you can take a look at graphics cards with higher hash rates that would be largely unprofitable for people who have a high energy bill.
The GPU to consider in this case would be the AMD Radeon VII, which boasts a monstrous 90 MH/s hash rate, beating even its predecessor the AMD Vega 64. Considering that Nvidia’s competitor to the Radeon VII, the Nvidia Titan V, is not only more expensive than the Radeon VII but also less powerful, the Radeon VII is the undisputed king of high hashrate GPU mining.
(Another thing to note is that the AMD Radeon VII is considered the best GPU for mining Ethereum, the #2 cryptocurrency).
90 MH/s Power draw: 300W Memory: 16GB Price: $549.99 (Amazon) The AMD Radeon VII is also the world’s 1st 7nm gaming GPU. In other words, it’s a big improvement on previous generations of GPUs. Image credit: Amazon.
2020’s Best GPU for Budget Miners.
Looking for a GPU that’s more affordable but still a solid choice for mining? The AMD Radeon RX580 is your best bet. The RX580 has a similar hashrate as the GTX 1070 (
29 MH/s compared to.
30 MH/s for the 1070) with slightly higher energy consumption.
The downside with the RX580 though is that it’s hard to purchase because it’s sold out regularly due to its popularity.
29 MH/s Power draw: 185W Memory: 8GB Price: $159.33 (Amazon)
How to Choose the Best GPU for Mining: Additional Tips.
Now that you know the best GPU for mining across 3 different price tiers (mid-tier, high-tier, and budget-tier), here are some additional helpful tips for choosing a mining GPU.
1. Calculate the cost of a hashrate unit.
When choosing a graphics card, divide its price by its hashrate to get the cost of a hashrate unit. Generally speaking, the lower this number the better since it’s a measure of how cost-efficient the graphics card is.
Though don’t forget that the cost of your mining rig can also factor into this if you are buying things like a motherboard, power supply, processor, memory, and hard drive.
2. Consider buying used graphics cards.
Buying a GPU is like buying a car or smartphone. When you buy a new one, it’s value immediately drops as soon as you start using it, since it will both be replaced by a newer model within a year or two and likely experience some problems after a few years.
In order to recoup your investment on a GPU faster, it might be a good idea to buy a used GPU since higher prices for a new GPU would increase the amount of crypto you’d have to mine to break even on your initial investment. Moreover, you’re likely going to replace the GPU after a couple of years anyway as newer cards hit the market and make your old one obsolete.
While some used GPUs do have problems, it’s not as common as most people think, especially when buying something that’s refurbished by the actual manufacturer.
With the new models of smartphones rarely having any new groundbreaking features except the addition of another camera, it seems innovation is stalling. Image credit: PhoneArena.
3. AMD or Nvidia?
A common question that comes up when researching mining GPUs is whether you should go with an AMD or Nvidia GPU (AMD and Nvidia are the two main GPU makers).
The consensus is that Nvidia is better for new miners since their GPUs are easier to setup, consume less energy (less worrying about ventilation setup and energy-efficiency), and work with more mining algorithms. However, AMD cards usually have a lower hashrate unit cost, making them more cost-efficient.
Another thing to note is that AMD is usually better for Ethash coins like Ethereum and Ethereum Classic.
An interesting phenomenon is how much AMD and Nvidia stock prices have risen since the end of 2015, which was the beginning of the bull market that catapulted crypto into the mainstream consciousness. Image credit: Yahoo Finance.
4. Don’t forget your warranty!
Many GPUs come with a warranty, which can be very helpful for miners. Since mining is rather intensive on GPUs, the GPUs or their parts, such as a fan, can stop working or experience other issues. In these types of scenarios, a warranty is great since you can get your GPU repaired or replaced for free.
5. Save money by using server power supplies.
Something that could potentially save you a lot of money if you don’t mind lots of noise is using server power supplies instead of PC power supplies to power your mining rig. Server PSUs can power many more GPUs at once. For example, a standard power supply of.
750W can only power 2 graphics cards. If you’re building a rig with several graphics cards, the money you spend on PSUs add up.
So that wraps up our article on the best GPU for mining. For most, the GTX 1070 will be the GPU to go with. However, in the case that you have low or no energy costs, consider the Radeon VII. If money is an issue, go with the RX580 (if you can find it in stock!).
Also, for up to date information on different crypto assets’ mining profitability for when you have your mining GPU ready to go, we recommend checking WhatToMine.
Lastly, always remember to send your mining profits to your own cryptocurrency wallet and not that of an exchange’s or anyone else who can mismanage and lose your hard-earned profit!

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10 Best GPUs for mining (Best Graphics Card For Mining 2020)
Last Updated on July 27, 2020 by Matt.
Overview of Best GPU/Graphics cards for Mining!​
Are you looking for the best graphics card (GPU) for mining? With the increasing popularity of cryptocurrencies, many seek ways to earn something and invest to obtain short or long term benefits. Mining is a way of earning cryptocurrencies while supporting the network and contributing to the notion of decentralization. To start extracting cryptocurrencies, it is important to have the correct information about the available hardware. Most of the current mining is carried out using ASIC units (in the case of Bitcoin) or GPUs (for Ethereum and other altcoins). Here is our list of some of the best GPUs in the market for cryptocurrency mining.
We are in 2020, and wherever you look you will have some mention of Bitcoin or another cryptocurrency. Bitcoin exploded in popularity last year, and although it is losing popularity and its meteoric growth has declined in recent months, there are still many cryptocurrencies that are booming. So, it should not be surprising that everyone wants a part of the action. If you are thinking about entering cryptocurrency mining, it would be prudent to buy one of the best mining graphics cards you can get in the current market.
Because we live in a world where cryptocurrencies play an increasingly relevant role, we have created a list of the best mining graphics cards that can be purchased today, so you can spend less time comparing options, and more time to obtain benefits. And, seeing how the growing popularity of Bitcoin and other cryptocurrencies has led to large price variations in the graphics card market, you do not want to waste too much time buying.
We have classified ten of the best mining graphics cards in the market, taking into account the price and efficiency. And, thanks to our exhaustive search of offers, you can be sure that you will always get the best price.
The idea behind cryptocurrencies such as Bitcoin and Ethereum is that individuals generate and transfer them, without depending on a central authority such as a government or a bank. One of the central attractions of cryptocurrencies is that you can use a standard PC to mine them. Ethereum, as well as a wide range of other cryptocurrencies, uses hashing techniques that make high use of memory, which is the reason why having a GPU with enough graphics memory is a fundamental requirement.
Therefore, when you go out and find the best GPU for mining that you can find, you should think about the amount of memory offered by the GPU, as well as its energy and cost requirements. It is important to consider the value of GPUs since when you start mining Bitcoin or Ethereum, you will not be generating large amounts of cryptocurrencies. Therefore, you should try to mitigate your initial costs as much as possible to maximize your profits and start recovering your initial investment as soon as possible.

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Should YOU be GPU MINING Cryptocurrency in 2020?!|14:39