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Best GPUs for Cryptocurrency Mining in 2024
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jenengevik
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As cryptocurrency mining continues to evolve in 2024, the NVIDIA GeForce RTX 4090 emerges as one of the top GPUs for mining, offering impressive performance with its advanced Lovelace architecture and 24GB of GDDR6X VRAM, despite its high price tag and lengthy return on investment.
#1: NVIDIA GeForce RTX 4090
The NVIDIA GeForce RTX 4090 stands out as the top GPU for cryptocurrency mining in 2024, boasting exceptional performance across various mining algorithms. With a hashrate of up to 140 MH/s for Ethash and 67 MH/s for KawPow, it significantly outperforms previous generations
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. The GPU's efficiency is notable, consuming around 300-350W while mining, depending on the algorithm1
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. However, profitability varies widely depending on the cryptocurrency being mined, with daily profits ranging from a few cents to potentially over $1 for some coins4
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. Despite its high initial cost, the RTX 4090's superior mining capabilities and energy efficiency make it a compelling choice for serious miners, though the return on investment period may be extended due to current market conditions and the GPU's premium price5
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#2: AMD Radeon RX 6800 XT
The AMD Radeon RX 7900 XTX emerges as the second-best GPU for cryptocurrency mining in 2024, offering strong performance and efficiency. With a hashrate of approximately 176 Sol/s for Equihash 144_5 algorithm, it's particularly effective for mining Bitcoin Gold
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. The GPU's daily mining profit is estimated at $0.73, with a payback period of around 46 months1
. While not as powerful as the NVIDIA GeForce RTX 4090, the RX 7900 XTX provides a more cost-effective option for miners, with a lower initial investment of around $9991
. Its balance of performance and price makes it an attractive choice for those seeking a high-end mining GPU without the premium cost of the top-tier NVIDIA offerings.1 source
#3: NVIDIA RTX 3090 Ti
The NVIDIA GeForce RTX 3090 Ti holds the third position among the best GPUs for cryptocurrency mining in 2024. With a hashrate of approximately 125 MH/s for Ethash and 60 MH/s for KawPow algorithms, it offers robust mining performance
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. The GPU consumes around 350W while mining, striking a balance between power and efficiency1
. Daily profits can range from $0.50 to $1.00, depending on the cryptocurrency being mined and market conditions3
. While not as powerful as its successor, the RTX 4090, the 3090 Ti remains a strong contender due to its lower price point, typically around $1,000-$1,200, which can lead to a faster return on investment for miners4
. Its 24GB of GDDR6X memory also makes it versatile for mining various cryptocurrencies, providing flexibility in an ever-changing market1
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#4: AMD RX 6900 XT
The AMD Radeon RX 6900 XT ranks as the fourth-best GPU for cryptocurrency mining in 2024, offering a compelling balance of performance and efficiency. With a hashrate of 35 MH/s for KawPow algorithms and up to 65 MH/s for Ethash, it provides strong mining capabilities across various cryptocurrencies
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. The GPU consumes approximately 150W while mining, making it more energy-efficient than some higher-end options1
. Daily profits can range from $0.38 to $0.48, depending on the cryptocurrency being mined2
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. With a current market price of around $549, the RX 6900 XT offers a more accessible entry point for miners compared to top-tier GPUs, potentially leading to a faster return on investment1
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. Its versatility in mining different algorithms and cryptocurrencies adds to its appeal for miners seeking a balance between performance and cost-effectiveness.3 sources
#5: NVIDIA RTX 3080
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The NVIDIA GeForce RTX 3080 rounds out the top 5 GPUs for cryptocurrency mining in 2024. With a hashrate of approximately 100 MH/s for Ethash and 45 MH/s for KawPow algorithms, it offers solid mining performance at a more accessible price point than higher-end models. The GPU consumes around 220-250W while mining, providing good efficiency. Daily profits can range from $0.50 to $0.75, depending on the cryptocurrency and market conditions. Priced at around $700-$800, the RTX 3080 presents a balanced option for miners seeking strong performance without the premium cost of flagship models. Its 10GB of GDDR6X memory allows for versatility in mining various cryptocurrencies, making it a popular choice among mid-range mining setups.
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Mining GPU Guides (Videos)
Final Thoughts on GPU for Crypto
While GPU mining was once highly profitable, the landscape has changed significantly in 2024. The profitability of GPU mining has decreased substantially, with even top-tier cards like the NVIDIA RTX 4090 generating only a few dollars per day at best
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. Many miners are dismantling their rigs or repurposing GPUs for other uses2
. However, some enthusiasts continue to engage in speculative mining of newer cryptocurrencies, hoping for future value increases2
. The current market conditions make it challenging to achieve a return on investment for new mining hardware purchases. Those still interested in GPU mining should carefully consider electricity costs, initial hardware expenses, and potential future developments in the cryptocurrency space before committing resources1
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