The best video cards for mining in 2022
Mining (mining) of cryptocurrencies in its classic form is expensive because it requires modern equipment, the consumption of a large amount of electricity and the use of powerful cooling systems. It is practically inaccessible to single users. An alternative is to use video cards for mining. Compared to the antennae, these are more versatile devices, since they allow you to mine a wide list of cryptocurrencies. By choosing the best video cards for mining in 2022 and creating a farm from them, you can set up a good source of passive profit.
Advantages and disadvantages of mining on video cards
Mining using video cards appeared in 2010 . In the same year, the farm was assembled on video cards for the first time. As a rule, high-performance gaming devices are used for cryptocurrency mining. The advantages of video card farms compared to ASIC farms are as follows:
- takes up much less space;
- a wide range of types of mining scripts;
- unnecessary cards can be quickly sold.
Now almost every day there are new types of cryptocurrencies. Constantly building new ASIC farms for them is very expensive. Using video cards, you can quickly switch to the release of new coins, and several types can be mined in parallel.
Although the beginning of mining requires monetary investments, the configured system can be considered as a source of passive income that does not require daily active actions on the part of the user. The time costs are small.
The disadvantages of mining include:
- noise and heating of the farm during operation, a separate room is needed for installation;
- powerful fans need to be installed in the room;
- you need to install expensive video cards, therefore, hardware should be quite expensive.
To make a profit, it is not enough to choose the best video cards for mining in 2022, you will need a stable and high-speed Internet, as well as a good uninterruptible power supply. There should be no dust, high humidity and temperature in the room.
How to choose video cards for mining in 2022: the main criteria
When choosing the devices in question, it is necessary first of all to pay attention to the following parameters:
- a large amount of memory, preferably at least 5-6 GB (it is impossible to mine such a popular coin as ethereum on cards of 4 GB or less);
- good card cooling system (2-3 fans);
- bus with a bit depth of at least 256.
Additionally, you need to take into account the amount of energy consumed (high values can make mining inefficient).
The most popular are devices from AMD and Nvidia manufacturers. AMD cards began to be used for mining during the cryptocurrency boom after the advent of Ethereum (2015-2018).
Nvidia devices have higher energy efficiency. Some varieties of these cards have better performance compared to AMD.
When selecting video cards for mining and assembling a farm, the total power of the equipment (hashrate) should be taken into account. It is also necessary to take into account the deterioration of the power system. Even not very intensive mining can damage the old system.
TOP video cards for mining in 2022
Judging by user reviews, today the rating of video cards for mining includes the following models:
- NVIDIAGeForce RTX 2070 SUPER. On some coins, the card gives results almost 2 times more than other models.
- AMDRadeon RX Graphics card with a powerful cooling system, which significantly extends the service life of the device.
- RadeonRX 580 from AMD. The card has an optimal level of energy consumption.
- RadeonVII Radeon. A graphics card with high bandwidth, but the price is also high.
- RX6900 XT/6800 XT. An AMD card with high acceleration speed and a good cooling system. Suitable for users who are not ready to invest more than $ 600 at the initial stage.
The most affordable and common video card is NVIDIA GeForce GTX 1050 Ti 1050 Ti. It does not pay off quickly, but the price is low. It is popular among miners who assemble farms on video cards.
Profitability of mining on video cards in 2022
Usually the video card pays off in 6-9 months. This is the period when the income received will be equal to the cost of the cards. Initial investments in a farm of 6 video cards are estimated at 300-350 thousand rubles.
During the 2020 pandemic, there was a collapse in the value of cryptocurrencies. But now the market is gradually recovering. In parallel, there is an increase in the cost of video cards.
There are special services that allow you to predict the payback of a specific video card model and calculate potential income, for example, WhatToMine. It is enough to enter the model and the cost of electricity.
You can buy video cards for mining in large electronics stores or specialized centers, but the prices will be quite high. You can reduce the purchase costs by purchasing components for a mining farm on the secondary market (Avito, Yule) or in China, for example through Aliexpress. But first you need to check the reputation of the seller, so as not to run into scammers.
When evaluating profits, the high volatility of the cryptocurrency market should be taken into account. Therefore, optimistic forecasts may not be justified. It is better not to invest more than 10% of available funds in cryptocurrency and not use borrowed money.
Predicting the cost of mining is also hindered by the upcoming transition of Ethereum to the PoS algorithm. Although this process is inevitable, the event has already been postponed several times. When it eventually happens, Ethereum mining on video cards may become unprofitable.
Published: 10 February, 2022