Once you have selected your GPU depending on your budget or whether you want it to mine efficiently or whether you just want the highest amount of mega hashes - then you can click through to find more return information on it. We also show second hand refurbished graphics cards that are generally cheaper and have a better return because of the cost price. This allows us to get key data on how good the graphics card is - like how many days it will take to payoff you buying it and how much ether it should return per year. To make it easy we have taken a selection of Ethereum mining GPU's and taken their average stats and metrics from our live ethereum exchange rates and mining network data. You can sort on our mining equipment pages by filtering out bitcoin equipment and find the best GPU for you to mine ethereum with. They also use different amounts of power. This is all about how each GPU runs the ETHASH algorithm which is key to the proof of work in Ethereum. What we have done is make the process easier for you by picking a handful of suppliers and showing you how to choose which GPU mines the most and which GPU is the best value for money.Įach Graphics card will mine slightly differently depending on the way it is made. However the efficiency of your graphics card can vary a lot and picking one can be quite difficult. According to The Block, it would appear that competition is so high that miners are undercutting rival prices, causing a further drop to 1,760 yuan (roughly $270/£195/AU$360).Mining Ethereum can be done in a variety of ways - you can buy a cloud contract and get someone else to do all the hard work for you, or you can do it yourself and get your GPU, or Graphics Card, up and running. Thanks to China putting stricter regulations in place for cryptocurrencies, miners have been flooding the market with second-hand GPUs for weeks, though this is the first instance we're seeing of prices being so close (or even cheaper than) MSRP. Scalpers started using bots to clear up the available stock and inflate prices by almost three times their recommended MSRP for some of the more coveted cards, like the GeForce RTX 3080. GPUs became highly lucrative as part of mining operations, creating competition between gamers and miners for what little inventory was available.Īnd of course, opportunists will take advantage of situations like this. The best graphics cards currently on the market have been almost impossible to obtain thanks to the 'perfect storm' of component shortages that prevents available stock from meeting high demand, and the recent boom in cryptocurrencies such as Bitcoin and Ethereum. The mass sell-off of graphics cards also hasn't hit the western markets yet, but given the scale of China's cryptomining operations, we should at least see a knock-on effect in the coming months that will increase new stock availability for gamers and bring down the inflated prices we're currently seeing. It's worth noting that these GPUs have been running at full capacity for numerous months, so you can't guarantee what kind of performance or reliability you'll actually be getting from them. China's recent crackdown on cryptomining for Bitcoin has caused miners to sell off their used hardware en mass in order to squeeze some final cash out of their operations, which has resulted in used GPUs flooding the Chinese market at a reasonable price.Īt least, the price is reasonable if you're happy to take on the risk of buying hardware that's been so heavily used. If you've been looking at the state of the graphics card market in recent months with despair then we have some good(ish) news for you.
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