Best Ethereum mining hardware
This is one question that a lot of people ask, and the rise and fall in the cryptocurrency makes people want to know what Ethereum offers them that others do not. Just like Bitcoin, Ethereum is a cryptocurrency blockchain, but unlike Bitcoin, it is projected to be based on the proof of stake even though at the moment it is still based on proof of work. Ethereum also operates a decentralized system with the Ethereum blockchain being the base. When it comes to mining Ethereum, ether is what is obtained after the mining process. It must be said however that from Bitcoin to Ethereum, the world of cryptocurrencies continues to expand in a more geometric fashion and this is great for any cryptocurrency investor.
Benefits of mining Ethereum
The benefits of Ethereum mining are directly linked to its value. It must be said that Ethereum mining in 2018 has become all the more difficult because of the increasing demand on Ethereum. Ethereum is the second largest cryptocurrency only after Bitcoin. What this means is that it is currently on high demand. This does mean that it has become more difficult to mine but it also means that its value has also increased concurrently. This means that one would be getting good value for mining Ethereum.
Ether mining today is a worthy venture
Mining generally involves solving very complex math problems and being rewarded with an ether block. These math problems are increasingly becoming very difficult, and so it warrants investment of more time and quality tools in both hardware and software. When it comes to the hardware that is used to mine Ethereum in 2018, we must mention both the central processing unit (CPU) and the graphics processing unit (GPU). Both were previously used to mine Ethereum, but Ethereum miners now have to go with the graphics processing unit because at the moment it remains the most effective option for Ethereum mining when compared to the CPU. You will also need to install software like geth, claymore or ethminer, all of which will help you in your quest to successfully mine ether. There is no doubt that ether mining today continue to be a worthy venture with benefits for as many as would invest their time and money into it.
Below we would quickly review 3 of the top ether mining hardware:
Radeon RX 480: This is one of the graphics processing units that are available today even though it is definitely not the cheapest. But when you consider the fact that it is very effective you would agree that it is economical because it gives you true value for money. The hardware series has a 25 MH/s hash rate and consumes about 150W with max load. Its pros include the fact that it is ether miner’s favourite and you can make about $700 annually per card.
Radeon HD 7990: This has a higher hash rate than Radeon RX 480 of 36MH/s, but it also consumes more power of 300W with max load. It is not too harsh on your budget and just like the Radeon RX 480 you can make up to $700 per card, but this profit is dependent on the variations of the ether price rate.
Radeon R9 295X2: This is the third that hardware that we would be reviewing. It is strong in that it has a harsh rate of 46 MH/s and consumes about 500W. You can also make over $1000 annually for each card. The downside, however, is the cost as it is more expensive than other hardware.