In 2018, everywhere you look has some mention of Bitcoin or another cryptocurrency. Bitcoin erupted in popularity last year, and while its losing its popularity and its meteoric growth has slowed to a crawl – there are still plenty of cryptocurrencies that are booming. So it shouldn’t be surprising that in 2018, everyone wants a piece of the action. If you’re thinking about diving into cryptocurrency mining, it would be prudent to shop for one of the best mining GPUs you can buy in 2018.
Because we live in a cryptocurrency world, we here at TechRadar have created a list of the best mining GPUs you can buy today, so that you can spend less time shopping, and more time profiting. We’ve ranked five of the best mining GPUs on the market, keeping price and efficiency in mind. And, thanks to our exclusive price comparison tool, you can rest assured that you’ll always get the best price. And, seeing how the rising popularity of Bitcoin and other cryptocurrencies has led to huge price hikes across the GPU market, you don’t want to spend too much time shopping around.
Don’t worry too much though, with TechRadar by your side, you’ll avoid any obscene price hikes. We’ve also created a guide to the best mining motherboards, so be sure to check that one out too.
The idea behind cryptocurrencies like Bitcoin and Ethereum is that individuals generate and transfer them, without relying on a central authority like a government or bank. One of the central appeals of cryptocurrency is that you can use a standard PC for mining. Ethereum, as well as a wide range of other cryptocurrencies, use memory hard-hashing techniques, which is why having one of the best mining GPUs with a lot of graphics memory is required.
Therefore, when you go out to look for the best mining GPU you can find, you should think about the memory the GPU features, as well as its power needs and cost. It’s important to consider the GPUs value, because when you start mining for Bitcoin or Ethereum, you won’t be yielding large amounts of cryptocurrency to start. You should therefore try to mitigate your initial costs as much as possible to maximise your profits and start making your initial investment back as soon as possible.
That’s ultimately why we created this list of the best mining GPUs, and we didn’t just look into the specific needs of each mining graphics card, but we also included our exclusive price comparison tool to bring you the lowest prices from every corner of the internet.
Before you start mining for Bitcoin, Ethereum or other cryptocurrencies, make sure you read the following articles so you know everything you need to before you begin.
- Check out also the best VPN services of 2018 that we've nailed down
- Make sure you have the best cryptocurrency mining software installed as well
The Nvidia GTX 1070 isn't just a great graphics card for gaming, it's also an excellent mining GPU. This is because it manages a high hash rate of around 30 mh/s without needed too much power. Remember, the more power a GPU requires, the more expensive it is to run, which will eat into your cryptocurrency profits. As with many recent Nvidia GPUs, the 1070 is on the pricey side, so you will have to take an initial hit when starting up, but if you're into cryptocurrency mining for the long run, the 1070 is easily the best mining GPU currently available.
The AMD Radeon RX 580 is one of the very best GPUs for mining, and in fact is a bit of a victim of its own success, as it can sometimes be difficult to find. However, its popularity is warranted, as it offers an excellent hash rate of 29 mh/s, while also keeping the electricity consumption low as well. It's also cheaper than the GTX 1070, and if you don't mind tweaking a few settings, you'll be very pleased with this card's mining performance.
- This product is only available in the US and UK at the time of writing. Australian readers: check out a fine alternative in the Nvidia GTX 1070
Nvidia's GTX 1060 is a new addition to our best GPU for mining list, replacing the AMD Radeon RX 480, which was almost impossible to buy these days thanks to low stock levels. As with the card its replacing, the GTX 1060 isn't the most powerful GPU, but it combines very good mining results without being ridiculously expensive. It's also an excellent gaming graphics card for gaming on as well, which is handy if you want to use your mining rig for other purposes.
The AMD Radeon RX Vega 56 is one of the best value-packed graphics card on the market right now. Benchmarks prove it runs faster than the Nvidia GTX 1070 and, thanks to the Bitcoin mining craze, it’s also cheaper to boot. Again, it can be a tricky GPU to track down, and it's power consumption means it can end up being a pricey GPU to run 24/7 in a mining rig, but it performs very well at mining, so if you can find one, it's definitely worth considering.
Until either Volta or Turing comes along to replace it, the Nvidia GTX remains and will remain one of the most powerful graphics cards available in 2018. However, as good as it is a gaming GPU, it’s also an excellent mining GPU, but there are a few issues that stop it from ascending to the top of this list. For instance, it’s an extremely expensive GPU, and it draws more power compared to its competition. This means you’ll be getting less of a return on your investment, and it’ll take a while longer to cover your costs. However, if you don’t mind spending the extra cash for this GPU, (or if you want to game with the best graphics card around), then you’ll be happy with the results, as if you do a bit of tweaking you can reach a hash rate of 32 mh/s.
While the GTX 1070 sits atop our list of the best mining GPUs, its follow up, the GTX 1070 Ti, is another fantastic mining graphics card, and with a number of power upgrades, such as a higher base clock, the 1070 Ti does a very good job. However, there are a few reasons why it's listed lower than its older sibling. For a start, as it's newer it costs more than the 1070, which will dent your profits from mining. It also has a higher power consumption, which makes it more costly to run. Finally, there have been incidents of a bug in the driver software which makes this GPU hash lower than expected, but an upcoming fix should sort that. If you're prepared to tweak a few settings, however, this is an excellent mining GPU.