Before Jan. 3, 20009, no one knew about crypto mining. But after the launching of the first cryptocurrency the demand for mining increase drastically. Thanks to advancements in technology that makes it is possible to mine crypto on our personal computers, laptops, and GPU Mining rigs. It is impossible to create a new bitcoin without mining.
So, bitcoin is mine by resolving the complex cryptographic equations. You can solve this equation in different ways either using your mobile phone or your tablet. But the easiest way to mine a crypto current is to use a computer or laptop. People can increase the process and efficiency of mining by using the best hardware.
The most powerful and easy ways to mine crypto are ASCI (Application-Specific Integration Circuit), Cloud Mining, CPU Mining (Central Processing Unit), FPGA Mining, and GPU Mining. Mining through ASCI is most powerful and used by large mining farms.
As we know that there are many types of cryptocurrency mining but here we only discussed GPU Mining.
What is GPU Mining
As we know that Mining is a process of resolving complicated math equations with the help of computing devices. Here we are discussing GPU Mining where miners take parts to create a block of crypto coins or verify the crypto transaction. You can do GPU mining by using your personal computer that has a high-quality graphics card. With the help of GPU, you can either mine bitcoin or other famous Altcoins (Cryptocurrencies other than Bitcoin are called Altcoin).
Meanwhile, usage of GPU is very old, Gamers have been using it for a long time. The GPU mining process has been on standby since the launch of Bitcoin. There are still many miners that are using GPU mining for mining crypto.
Therefore, with the increase in demand between miners, gamers, and graphic designers, graphic cards became expensive and more efficient. By adding GPU on the speed and efficiency of the CPU to solve the task easily
Working of GPU Mining
GPU mining is a process of resolving a complicated mathematical equation with the help of a graphic card that helps the CPU by increasing its performance. Miners mainly used graphic cards to solve the SHA-256 hash function. GPU miners easily calculated the exact nonce number by calculating many calculations parallel.
Graphics cards did the complicated mathematical calculation in parallel. For example, If you playing PUBG on your personal computer then your CPU is not able to render all the functionality like shading, lighting, character body, guns, physical movement, shadow, and surroundings. In order to perform all the tasks without laying you have to use a good graphic card that calculated all the calculations within no time
A similar concept is applying in CPU mining because GPUs have to calculate millions of parallel calculations and solving the complicated process at the same time. So, GUPs are used to mine crypto.
Best GPU for mining
It is a little difficult to find a GPU for mining. Choosing the best graphic card depends on many factors. Budget and requirements are the key points. For example, the best GUP for mining Bitcoin is different from Altcoins.
RTX 3090 Nvidia graphic card costs are between 2000$ to 3000$ and its hashes rate per second is about 150 million. On the other hand, ASIC T17 cost about 1000$. ASCI hash rate is about 64 trillion (Hpm). So, the hash rate of ASCI is very greater than RTX but it consumes 10 times more power.
Key Factors Before Buying GPUs
There are many factors that are considered before buying a Graphics Processing Unit, but here we are talking about the main key factors before buying GPU
Price is the key factor for buying GPU. In order to make a mining rig, you need many GPUs for a better experience. The price of GPUs varies from 140$ to 2000$. Higher the rate greater the performance of GPU. So, compare the price and features of the different graphic cards before buying a graphic card.
As we discussed above hash rate is an important factor for mining crypto. It mainly depends upon graphic card types and coin algorithm. As we know that, the mining process increases with the increase in hash rate. So, buy the graphic card that has a high hash rate.
3. Power Consumtion
This is the only factor that increases the cost of graphic cards after buying. As we know electricity price in many regions is very high. In those regions process of mining is not profitable. So, keep research on electricity prices in your regions and then spend money on the graphic cards. More electricity consumption gives more hash rate. Thus, think before buying GPU.
When you start mining then your GPU works 24/7. So there is a chance of the breakdown of GPU. But keep in mind, gaming affects your GPU more than mining. So, before buying check the warranty of GPUs. The optimal warranty of GPU is about 2 years.
Best GPU Mining Software
After buying a graphic card, you have to find mining software for mining crypto. Some software charges fees from 2% to 5%. Different software has their different algorithm and mining coins. Some software sport Nvidia GPU but does not sport AMD GPU. There are many GPU mining software and some famous software are given below
- T-Rex Miner
- Claymore Miner
- WildRig Multi Miner
- KawPoW Miner
You may like this post: 5 Best Crypto Minner Apps And Softwares in Free.
Before choosing any software platform kindly research all aspects. This process helps you to earn a profit from mining.
Best Crypto to Mine With GPU Mining Rig
You can mine both Bitcoin and Altcoin with a GPU mining rig but here we are talking about some best cryptocurrencies to mine in 2021.
- ZCash (ZEC)
- Bitcoin Gold (BTG)
- Haven (XHV)
- Vertcoin (VTC)
- Ethereum Classic
- Ravencoin (RVN)
- Monero (XMR)
- Aeternity (AE)
Here in this article we deeply discussed mining, What is GPU mining, the Working of GPU mining, best GPU mining rig, Key factors to buy a rig, bust software, and coin to buy with GPU mining rig. So read the article carefully before buying a GPU mining rig because when crypto prices crust just like a few months ago when Bitcoin reached at 29000$ from 60000$, that reduced the profitability of mining. After this demand for GPU reduced and people wanted to resell their graphic cards at a cheap price and bear loose. Another important incidence is that China ban the mining of crypto that also leads to reduce the demand for GPU. Thus, considered all factors before buying any mining rig.
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