News Best Mining GPUs Benchmarked and Ranked

[Phaaze88]

Yes I agree. I mean when someone wants to do something it's better to do it right. the average price of a 3090 in the market is around 2500$ (or maybe more). as the benchmark, it can do around 106 MH, Innosilicon A10 Pro+ does 750 MH/s for a price around 11k-12k USD power included. to be able to get that out of a GPU we need at least 7 overclocked 3090. plus Rig equipment. So three of them are equal to 2250 MH = 21 X RTX 3090 the new one coming in July is even more powerful 2000MH!!!

Many can't afford to do it right.
Gpu mining has gotten popular due to cost and accessibility - kind of like 'mining for dummies'. It's not as efficient as ASICs, but no one ever seems to think about the outcomes of energy consumption/waste, especially in the long run.

I'm in no way trying to defend gpu miners, but it is what it is now.

Probably the biggest gripe I have with the blockchain system as it is now, is that it's become another way for the already wealthy to hoard money amongst themselves.
-Early bird gets the worm: those who jumped on early enough see the biggest profits.
-Those with wealth and resources can afford to take a hit when a crash happens and keep on pumping. Everyone else? They get screwed. Many will be forced to sell off their hardware to try and recoup their losses = big boom of 2nd hand gpus pops up in the market.
-Those crashes are inevitable. It's just not sustainable.

 

[MarkRLV]

Great table but pricing needs an update. I can't find any cards are the price listed.

 

[vonbose]

Might need to add "mining" to Tom's mission statement.

 

[Ninjago97]

The good old days of building your own PC are pretty much dead. Even though the last GPU shortage a few years ago eventually went away, this time feels a lot more permanent.

 

[InvalidError]

Even though the last GPU shortage a few years ago eventually went away, this time feels a lot more permanent.

Even if mining is here to stay, there should at least be an easing up when GPUs move to smaller process where GPU manufacturers can continue pumping GPUs out across non-overlapping nodes without losing any actual sales or profit since previous-gen stuff, which is getting cheaper to make as the fab process matures and demand loosens, will continue selling above MSRP for at least as long as next-gen stuff is nearly impossible to buy at retail.

 

[chalabam]

No way the RTX 2060 makes 6$/day. It makes like 2/day

And also it can't make more that the 2060 Super.

The data is wrong.

 

[chalabam]

Table is REALLY fixed now. One of the columns was missing (Days to Break Even) and everything else was shifted over one slot. It should be correct now. Sorry! (Just an error getting things from Excel into our CMS.)

No. The 2060 doesn't makes 6$/day and the 2080 4$/day

 

[JarredWaltonGPU]

No way the RTX 2060 makes 6$/day. It makes like 2/day

And also it can't make more that the 2060 Super.

The data is wrong.

Sorry, I updated the table yesterday with the current data and my one spreadsheet table was fine ... but the final table referenced the old sorting. Oops. It's fixed now.

 

[escksu]

I have to say the breakeven chart is not indication of reality. Its actually much longer (ignoring the eth difficulty bomb in Dec 21).

What happens is that difficulty keeps going up so the amount of eth you get keeps reducing. Difficult is increase at the rate of around 15-20% every month (gone up almost 50% in 3 months from 6PH to 9PH). So, unless the price of eth keeps up with difficulty increase, you will get lesser and lesser. Of course there are other factors which affects mining rate. But, the general trend is to expect at least ~10% drop every month. Then there is power too...

 

[alias_noa]

I'm assuming you're going to update this today (I hope) and just had a couple of modifications you may want to incorporate. For the non-LHR and LHR versions, it shows the same "days to break even" and "ebay price". So I believe some of the data for each is inaccurate. The price of non-LHR can be obtained by typing ie. "3070 non-lhr" on Ebay. I looked up some of them a bit ago:
3060: $880
3060 ti: $1300
3070: $1300
3080: $1850

You may want to look them up yourself as I rounded a bit on some and most of your prices are more specific.

I'm not sure which data is inaccurate, but I know the non-LHR prices were the same as LHR prices so that part should be changed, and I believe the break-even is off due to price being off. The mining performance part seems correct for both though. Hope this helps!

 

[JarredWaltonGPU]

I'm assuming you're going to update this today (I hope) and just had a couple of modifications you may want to incorporate. For the non-LHR and LHR versions, it shows the same "days to break even" and "ebay price". So I believe some of the data for each is inaccurate. The price of non-LHR can be obtained by typing ie. "3070 non-lhr" on Ebay. I looked up some of them a bit ago:
3060: $880
3060 ti: $1300
3070: $1300
3080: $1850

You may want to look them up yourself as I rounded a bit on some and most of your prices are more specific.

I'm not sure which data is inaccurate, but I know the non-LHR prices were the same as LHR prices so that part should be changed, and I believe the break-even is off due to price being off. The mining performance part seems correct for both though. Hope this helps!

I updated the table and ROI times. Prices on LHR vs. non-LHR can be a bit hard to determine. Search for "LHR" on eBay and it will also happily match "non-LHR," but then not every non-LHR GPU listed actually has "non-LHR" in the title. Anyway, it's a bit fuzzy math so take the table as an estimate and not gospel truth.

 

[venser]

I'm getting RTX 3090 PC for gaming but friend tells me I'd be insane not to mine with it on the side, at least to get some of the money back but I'm afraid the heavy load on the system could ruin my PC or lower it's lifespan.

 

[sizzling]

I'm getting RTX 3090 PC for gaming but friend tells me I'd be insane not to mine with it on the side, at least to get some of the money back but I'm afraid the heavy load on the system could ruin my PC or lower it's lifespan.

I have a 3080 and tried mining on it. The GDDR6X temperatures are dangerously high as standard, easily hitting 105c. When gaming it only gets to mid 80’s. If you search you will see this is a common problem mining on gpu’s with GDDR6X. Miners using these gpu’s usually change the thermal pad or even the cooler, this of course voids the warranty.

To me the risks are way too high. As these cards have only been out for about a year we don’t know what mining does to their lifespan, will we start seeing mining cards dying prematurely? I decided not to mine and just invested some money in Ethereum and BitCoin. If I want to gamble with crypto I’d rather not kill an expensive gpu that I may not be able to find a replacement for.

 

[timsdd]

3060 is INCORRECT!
Nvidia locked it to mine @ 1/2. it will only do 25.

I tried installing the OLD driver (470.05 which does not have the Nvidia lock out) but I couldn't get it to work on any of my machines (3)

 

[InvalidError]

3060 is INCORRECT!
Nvidia locked it to mine @ 1/2. it will only do 25.

I tried installing the OLD driver (470.05 which does not have the Nvidia lock out) but I couldn't get it to work on any of my machines (3)

If you are only getting 25MH/s, something isn't setup right since people are getting ~32MH/s with the 3060 "LHR v2" (GPUs that break compatibility with the unlocked drivers) using NBMiner and current drivers. This story was written at the beginning of the year, ETC difficulty has gone up since then and that would account for most of the 30% drop.

 

[timsdd]

If you are only getting 25MH/s, something isn't setup right since people are getting ~32MH/s with the 3060 "LHR v2" (GPUs that break compatibility with the unlocked drivers) using NBMiner and current drivers. This story was written at the beginning of the year, ETC difficulty has gone up since then and that would account for most of the 30% drop.

hmm, that is interesting. Somethings not right alright 🤣

Thanks for the info! and yeah, I've got to remember to check the article dates.
I am rather new to the scene so I am still learning.

using nicehash btw; told you I was a newb! Interestingly, the speed listed (in article) for my GeForce RTX 2070 Super is nearly spot on.

 

[JarredWaltonGPU]

hmm, that is interesting. Somethings not right alright 🤣

Thanks for the info! and yeah, I've got to remember to check the article dates.
I am rather new to the scene so I am still learning.

using nicehash btw; told you I was a newb! Interestingly, the speed listed (in article) for my GeForce RTX 2070 Super is nearly spot on.

NBminer with LHR cards attempts to detect the "best" --lhr setting. I think it starts at 71 and goes down in 0.5 step increments until it thinks that the LHR protections aren't kicking in, but I've noticed in testing that it often gets this wrong. Try manually sending a "--lhr 69" parameter for NBminer, or even "--lhr 68" I've seen the defaults start at higher rates and then tank to the ~50% speed after a few minutes.

 

[kookykrazee]

I ask, seriously, does anyone think about the tax depreciation options with running mining as as Schedule C / business or are most people truly thinking, in the US, the IRs will not get data about money earned?

I know for me, I keep my own calculations, with a 15+ year experience in business tax, is due to regular bills and expenses, I have purchased 1-2 cards per year, and then with depreciation, i can write off part of that business expenses. Plus, you can claim a % of power and some other things, directly related to the business of mining. Not sure why no one talks about this. It seems like with Lyft, uber, side car, and others where people think they are pulling the wool over the US government eyes for income claimed.

Remember, always, Al Capone did not ever get "caught' for things he may or may not have been done, but instead for not filing proper tax returns for the ill gotten goods. I used to tell my clients, the IRS official rule is "you have to claim all income, legal or otherwise, in the US and otherwise"

I made a profit on my mining last year, but due to hardware purchases, I had a tax loss. The basic idea of depreciation is that it attempts to get businesses to invest more back into their business.

This year I will have a tax profit, and I am truly okay with paying taxes on my next profit. That is how it it works as we grow things.

 

[InvalidError]

I ask, seriously, does anyone think about the tax depreciation options with running mining as as Schedule C / business or are most people truly thinking, in the US, the IRs will not get data about money earned?

With crypto and income tied in stock options, you have zero taxable income until you actually sell your speculative assets - converting unrealized gains (tax-exempt) into realized (taxable) ones. If the amount your sell is only what is needed to cover your operating expenses, then you have little to no taxable net income as far as your commercial crypto-mining is concerned. If you have millions of dollars worth in crypto that you wish to cash out without paying taxes, you can get tax exemptions for most of the money you take out by building rental real-estate. Alternately, you can mine to multiple different wallets, use one wallet to cover operating expenses and the others for tax havens.

 

[TJ Hooker]

With crypto and income tied in stock options, you have zero taxable income until you actually sell your speculative assets - converting unrealized gains (tax-exempt) into realized (taxable) ones. If the amount your sell is only what is needed to cover your operating expenses, then you have little to no taxable net income as far as your commercial crypto-mining is concerned.

Crypto earned from mining is taxed as income in the US (and most other countries I'd imagine), you have to pay that income tax regardless of whether you sell it or not. If/when you do sell it, that would be an additional taxable event, where you'd have capital gains (or losses) based on the price you sell it for vs the price when you received it as mining income.