Mining on video cards in detailsDavid Kemp
The creators of video cards could hardly have expected that their products would be used in this way. Initially, they sought to improve the image in video games and comfortable working with graphics. Decision making and mathematical calculations would seem to be a task for the processor - but miners think differently.
The thing is that modern gaming graphics cards have enough power to perform voluminous tasks. The times when only the processor could “think” have passed. Video cards are progressively advanced enough to compete in intelligence with central processing units.
What is required for mining on a video card?
- The most important element will, of course, be the device itself. About which card to choose, we will tell you a little later. For now, it’s enough to mention that the video card must be powerful. The mining speed and, accordingly, the income depends on this.
- The wallet for storing the funds coined for mining. Alternatively, you can use the cryptocurrency exchange if for some reason you do not want to store the wallet on your computer.
- The software, which is a console client for mining. There are CGMiner, Claymore, MinerGate and many more options that differ in interface and functionality - choose any.
Factors to consider
Before you start mining, you need to consider a large number of aspects that can affect profit.
- Calculate estimated costs right away. It is especially important to take care of affordable electricity.
- Calculate the return on investment and be mentally prepared for the fact that you will see the final result only after months.
- Build a budget in advance based on your capabilities and goals. Remember that room ventilation is a very important item in the budget, and you can not save on it.
Which video card to choose?
Moving smoothly to the choice of a video card on which mining will take place, we face a number of questions. Which manufacturer to choose? How to get the maximum profit?
We can recommend you to choose two manufacturers - AMD or Nvidia. Video cards from these two companies have both their advantages and disadvantages, as well as their predisposition to cryptocurrency mining.
Below we will present two video cards from each company, which are worth paying attention to. We will also talk about how much energy they consume and for which cryptocurrencies they are suitable.
When choosing a graphics card for mining, remember: AMD emits much more heat than Nvidia. When purchasing these cards, consider the price of electricity and the need for enhanced cooling.
- Nvidia GeForce RTX 2080 Ti
Power Consumption: 260 W
Suitable for the following coins: Ethereum. Grin, Beam, Zcoin. Expanse, Ravencoin. Metaverse, Ethereum Classic.
- Nvidia GeForce RTX 2060
Power Consumption: 160 W
Suitable for the following coins: Ethereum, Grin, Beam, Ravencoin and Ethereum Classic.
If we are talking about AMD, we can look at the following options:
- AMD Radeon Vll
Power Consumption: 300 W
Suitable for the following coins: Ethereum, Ethereum Classic, Metaverse, and Monero.
- AMD Radeon RX Vega 56
Power Consumption: 210 W
Suitable for the following coins: Ethereum, Ethereum Classic, Metaverse and Monero.
A couple of useful tips
If you have the opportunity to buy new cards and quickly pay for them - do it. It is better to keep a certain number of video cards with a margin than to stop mining in case of a breakdown of one of them.
Changing thermal grease is a vital necessity. And, if required, fans too. Make sure that your mining farm cools well - this will greatly extend its performance.
Try to buy video cards with a long warranty period - they will certainly fail, and the ability to repair or exchange them for new ones will be a significant plus.
With due attention to detail, mining on video cards will be quite profitable. Monitor components and carefully choose to which tokens you want to direct the power of your farm. Calculate in advance a business plan for the entire undertaking to understand when you will come out on a net profit.
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