Best Budget GPU For Mining 2020 : Buying Guide & Reviews

Both AMD and Nvidia GPU’s have become increasingly popular in the last few years, but not always because of gaming. Cryptocurrency mining hit the mainstream in the mid-2010s and mining in 2020 continues to be popular. With the rise and fall of Bitcoin and Ethereum, more and more people are buying into this new type of currency. If you are looking for a mining GPU or graphic cards which are part gaming GPU part mining GPU then this article is perfect for you.

With mining cryptocurrencies being a source of passive income which really only had costs associated with energy consumption, electricity costs and the cost of buying GPUs (graphics processing unit) for mining eating into the mining profits it is still really attractive for people looking to leave their job. Building a mining rig is pretty easy and in this guide, we will go through the factors to look at when doing just that!

But both AMD and Nvidia cards are more optimised for different cryptocurrencies as the difference in processes required to win the currency is different. If you are interested in Ethereum (Daggerhashimoto) you should focus on the AMD Radeon rx580 and other AMD Radeon Rx GPU’s And if you are interested more in Bit coins (Equihash) then the Nvidia GTX and RTX cards are the best at it. A great card for this was the AMD Radeon vii which has pretty much been bought into extinction and drove the price way up after it was found to get 90 m h/s. similar cards are the AMD RX vega 56 and AMD vega 64 which solved most peoples mining needs.

Best Graphics Cards For Mining Cryptocurrency

1.RTX 2080 TI

RTX 2080 TI

Without optimising like more experienced miners would. This card can easily get 50-60 Mh/s on Ethereum which is on the very high end of card performance.

The price of the RTX 2080 Ti may be high but don’t be discouraged. This is one of the highest performing graphics cards of all time and the price tag reflects this. While this is one of the most powerful bitcoin mining graphics cards on the market, it should only be for those with enough money to invest in the long term.

Not only can you mine with this card you can game at pretty much every resolution and at max settings. But if your budget is as big as this card is long then its perfect for you. This card makes full use of 4352 CUDA cores and overclocked 11 GB GDDR6 memory with a 1665 MegaHertz Boost Clock to get a massive 100+ frames per second on max settings at 4K resolution.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

2.GeForce GTX 1660 Ti

GeForce GTX 1660 Ti

If you are more seasoned then you can definitely overclock this next card, but at factory settings, this is the hash rate. This card can easily get 30+ Mh/s on Ethereum which is great for a budget card.

Inbetween the Nvidia GeForce GTX 1060 and rtx 2060 the 1660 Ti tries to lessen the rift between the cheap cards and the high-end performance mining Nvidia see as the flagship models such as the previously mentioned 2080 ti. But this actually fills an important gap for people looking to buy mining GPU’s under $300.

This card has a great price to hash rate performance and it might be better to build mining rigs with 4 or 5 of these compared to one RTX 2080. even with only 6GB of VRAM

It might not be very budget-friendly but it is still very affordable for a GPU that can provide this level of hash rate and performance. I would still consider this to be on the list for the best cheap graphics card available. The only annoying thing is Nvidia decided to not include ray tracing with this card but this doesn’t matter if you are only using this GPU for mining.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

3.Nvidia GeForce GTX 1080 Ti

Nvidia GeForce GTX 1080 Ti

Without optimising like more experienced miners would. This card can easily get 35 Mh/s on Ethereum which is not that great for the price. but if you are wanting a card for both gaming and mining. this might be the one for you.

This is another overkill card when it comes to mining. But if you are looking for a card to do both gaming and mining then you might want to read this one. The GTX 1080 ti and GTX 1070 ti alike are both reducing in price as they age and if you can get one for cheap become much more appealing.

If you are looking to game at 1080p or 1440p then something like the 1660 ti would probably be the best option but at 4k the GTX 1080 ti outperforms it. If you want to game at 144 FPs for a 144 Mhz monitor then I would go for this option.

The GeForce GTX 1080 ti will get you a cool 11 GB of DDR5 VRAM with 3584 CUDA cores. And makes full use of its 1683 MegaHertz Boost Clock which makes this card still one of the best to this day!

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

4.RTX 2070 Super 8GB

RTX 2070 Super 8GB

Without optimising like more experienced miners would. This card can easily get 35 Mh/s on Ethereum which is not that great for the price. but if you are wanting a card for both gaming and mining. this might be the one for you.

Getting around the same performance as the previous card as standard but costing double the price this may seem like a waste of money. And you may be right.

The RTX 2070 is far newer though and will definitely last longer. The last thing you want to do is buy a card and either resell it for much less or have it break on you. One thing I would say is that the 8GB of VRAM does trail behind the 1080’s 11 GB.

You can push the limits of this card higher than the 2080 and also pull less power so over the long run this actually may be the higher profit card. Something to consider is your power cost. If you have an expensive electricity cost then you should get this over the 1080.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

5.RX 5700 Xt 8GB GDDR6

RX 5700 Xt 8GB GDDR6

Without optimising like more experienced miners would. This card can easily get 45 Mh/s on Ethereum which is excellent for the price. but if you are wanting a card for both gaming and mining. this might be the one for you.

This is one of the best GPUs when it comes to diverse uses. With this graphic card, you can use it for so much more than just one of the best mining cards. Whether its video editing, gaming or the mining process this card is an excellent choice.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

6.RX 5600 XT 6GB GDDR6

RX 5600 XT 6GB GDDR6

As standard, this mining GPU reaches 30 Mh /s on Etheruem. This card can be pushed more but for around $300 you are better off going with the Nvidia GeForce gtx 1660 Super.

AMD released this card to be the best budget graphics card and people soon started to upgrade from their older GTX 1060’s. But this card actually directly competes with the 1660 super and 1660 Ti.

This BPU does use a lot of power and uses a single 8 pin connector. We would recommend you only use this with a power supply of 500 watts +.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

7.Radeon RX 580 8gb GDDR5

Radeon RX 580 8gb GDDR5

This video card can easily get 30 Mh/s on Ethereum which is incredible for the price you are paying. but if you are wanting a card for both gaming and mining. this might be the one for you.

If you are looking for graphics cards for cryptocurrency mining make sure you don’t overlook this option. The Radeon RX 580 8gb GDDR5 was the best mining gaming GPU combo in its day but since the introductions of the 1660 Super this budget option for mining cryptos has fallen off a little.

Features We Like
  • Cheap as chips compared to other projector screens
  • Brilliant at absorbing light and reflection (gain) which only benefits picture quality
  • As far as a projection screen goes its a very good quality build for it’s price

 

Best Budget Graphics Card For Mining

The best GPU for mining bitcoin has to be the GeForce GTX 1650 Ti and GeForce GTX 1660 Ti. These video cards pack an incredible hash rate for power consumption. Another contender is the Radeon RX 580.

Nvidia GeForce GTX 1660 Ti

For under 4250 getting this card can easily get 30+ Megahash per second on Ethereum which is great for a budget card. Overclocked this card could reach much higher efficiency. The 1660 Ti has a low power draw which also helps keep profits from mining up.

This card has a great price to hash rate performance and for the $1200 a 2080 would cost you can get 5 of these. Because of this the GeForce GTX 1660 Ti is the best budget GPU For Mining.


Radeon RX 580 8gb GDDR5

As one of the best GPU for mining, this card gets similar performance to the GTX 1660 Ti but has a higher power draw. you can usually pick this card up for $80-100 cheaper though so this might make up for the power prices which will eat into your profits.

XFX Radeon RX 580 GTS XXX Edition 1386MHz OC+, 8GB GDDR5, VR Ready, Dual BIOS, 3xDP HDMI DVI, AMD Graphics Card (RX-580P8DFD6)
  • The XFX RX 580 series graphics card feature the latest Polaris architecture which includes the 4th gen GCN graphics cores, a brand new display engine, new multimedia cores, all on the revolutionary next finfet 14 process technology for enhanced performance and efficiency
  • Equipped with XFX double dissipation cooling technology for optimal cooling and performance. Minimum power requirement is 500 watts. Memory clock true: 8.0GHz, boost OC+: 8.1GHz
  • Multiple factory GPU overclocked settings - 1366 MHz true clock and 1386 MHz OC+
  • AMD VR ready premium - Experience the new generation of compelling virtual reality content with the Radeon RX GTS graphics card paired with the leading VR headsets. The Radeon RX GTS graphics card coupled with AMD LiquidVR technology delivers a virtually stutter-free, low latency experience, essential for remarkable virtual reality environments

Best Graphics Card For Mining

The best GPU for mining has to be the RX 5700 Xt 8GB GDDR6 which manages to get up to 40 Mh/s as standard and can be overclocked above this. the one drawback is the higher power consumption but if you live in an area which has low KW costs then this is the choice for you.

RX 5700 Xt 8GB GDDR6

The RX 5700 Xt 8GB GDDR6 has to be the recognised as one of the gpus for mining in every list but for me a card which manages to get up to 40 Mh/s as standard and can be overclocked to 50/60 Mh/s.

If you have low electric costs then this is an even more tempting choice of mining equipment. the AMD Radeon rx580 is also a close choice but is starting to age now.

XFX RX 5700 Xt Thicc III Ultra 8GB Boost Up to 2025MHz GDDR6 3xDP HDMI Graphics Card (Rx-57XT8TBD8)
  • Introducing the new XFX thicc III ultra 5700 XT. Built with style and dynamic cooling power in mind to yield lower temperatures and heightened performance that adapt to the intensity of the moment.
  • Get the very best FPS the 5700 XT series can deliver. Thanks to the 2.90 millimeter fans and 100 millimeter fan, the thicc III ultra stays cool and quiet, allowing you to achieve higher boost clocks.
  • The XFX RX 5700 XT is built for high-performance and high resolution gameplay. Experience smooth gameplay performance at 1440P and 4K. With support for 8K you are ready for next-gen displays. See everything in mind blowing detail without sacrificing performance.
  • Game clock speed is 2025MHz

GPU For Mining Buyer’s Guide

Features to Consider When Buying a GPU For Mining

Something important to consider is that the best GPU for gaming is not necessarily the best GPU for mining. cards like the tian v are gaming graphics card but cost too much to be cost-effective. popularity also drive prices for mining GPUs so going after the most popular isn’t always possible.

Hashrate

Ultimately this is the most important number for crypto mining performance. Mining hash rate is the speed that your GPU can process mining algorithms and this changes from card to card. The higher the hash rate the faster you will mine things like bit coins and Ethereum classic.

Each GPU has a hash rate which can change depending on what you are mining and cryptocurrencies have varying hash rates depending on what algorithm they run.

VRAM

VRAM affects your hash rate so this is an important factor. The more VRAM you can afford the better. But you need to factor in your investment. sometimes buying two instead of one mining graphics card is better for mining results but has higher energy costs. some algorithms are starting to require a minimum of 8GB’s so that is the minimum I would aim for.

Memory Bandwidth and Memory Speed

As newer cards are released they tend to be much more efficient. Because of this, this isn’t a reliable measure of how good a graphics card is. Similarly, they can often get more performance out of the speed the memory runs at. This is only a reliable way of comparing cards in the same series.

Power consumption

The lower the power consumption the more profitable your mining operation will be. Another benefit from low power cards is they tend to heat up less meaning you don’t need to have as much cooling in the room they are stored in. So when its comes to power draw lower is better. but if you live in an area with lower electricity costs then you probably don’t mind if the power draw is a little higher.

Newer cards are pretty much always more efficient and this is one of the big reasons older cards like the titan v, GeForce gtx 1070 and older AMD Radeon RX cards arent great choices for crypto mining video cards.


Frequently Asked Questions

GPU Mining – Does Memory Clock Speed Matter?

In general, each algorithm has a different set of parameters. Dagger-Hashimoto based cryptocurrencies will benefit from higher clock speeds. But for others, it has a very small to no impact on performance.