What Graphics Card to Use for Ethereum Mining?

08/16/2023 13:30 • AI & Tech Insights • 51 views

What graphics card should be used for Ethereum mining? According to CoinMarketCap data, the price of Ether rose by over 50% from January to March 2018. However, as the cryptocurrency market continues to decline, there has been a shortage of graphics memory in the market (for example, miners have to pay a large number of graphics cards at high costs to process GPUs). Therefore, it is advisable for most players to choose more expensive graphics cards for mining. However, if you want to participate in mining cryptocurrencies such as Bitcoin on the Ethereum blockchain network, you will need to purchase an NVIDIA GTX1070Ti or a more expensive AMD Radeon RX470.

Based on the current price of Ethereum, the types of graphics cards and computing power needed for Ethereum mining are roughly as follows:

1. High performance: Using graphics acceleration + rendering technology + dedicated chips + high-speed transmission.

2. Memory capacity expansion: supporting space of 32GB or more and a 64GB disk size limit.

3. Motherboard performance: up to 128M.

What Graphics Card is Needed for Ethereum Mining

What graphics card is needed for Ethereum mining? In the Ethereum ecosystem, there are several categories: ASIC, graphics memory machines, and GPUs. Currently, Ethereum mining can be divided into the following stages:

1. Computing power surpassing 1M.

2. CPU performance decreasing to 150MH/S.

3. Block speed increasing by 5 times after the mainnet is launched.

4. Expansion problem of hard disk capacity being resolved.

5. Miners becoming increasingly concerned about the congestion of the Ethereum network.

According to NVIDIA’s “2020 Q2 Graphics Card Market Report,” the price of Bitcoin rose by nearly 30% in the first quarter of this year, and Ethereum mining income has also increased by 103% from the beginning of the year, totaling around $1.6 billion. The price of Ether is also continuously rising, estimated to have reached around 3 billion RMB in market value. However, the increase in Ethereum mining pool computing power has led to Ethereum network transaction fees skyrocketing to over $300, and even reaching as high as $2 million (approximately 1200 yuan) at one point. Therefore, the Ethereum mining community needs to configure some high-priced graphics cards for mining, such as Intel’s latest G7 series A Frontier Pro or NVIDIA E11.

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What Graphics Card to Use for Ethereum Mining?

What Graphics Card is Needed for Ethereum Mining

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