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⭐ Features
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Five Popular Ethereum Mining Rigs For 2018

  • George Shnurenko
    ⭐ Features

    If you want to start mining ETH, a usual PC won’t be enough– find the best rig for Ethereum mining

Five Popular Ethereum Mining Rigs For 2018
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Just like any altcoin, Ethereum is becoming harder and harder to mine – now you can’t get the precious coins by simply running software on your smartphone or laptop. If you want to play big, you need the best mining rig – Ethereum cannot be obtained otherwise. To help you make an informed decision, we’ve prepared an instruction on how to build the best Ethereum mining rig, and the list of best hardware solutions.

Let’s start with reviews of the best five GPUs.

1.AMD Radeon RX Vega 64 

Although it appeared on the shelves recently, many users claim it’s a suitable solution the best rig for mining Ethereum. You can mine Ethereum 33 MH/s consuming about 200 watts, and the hash rate can reach 41 MH/s while you’re using 135 watts only. You can upgrade your mining rig with 4-6 GPUs like that and become a real monster of mining!

2.Nvidia GTX 1070  

The vast majority of GPUs consume at least 110-180 watts, but if you need the best budget Ethereum mining rig, select Nvidia GTX 1070 – it can save a lot of electricity. This device can reach the hash rate of 30Mh/s requiring only 100 watts. It’s way more powerful that the vast majority of AMD solutions present on the market today.

3.Radeon R9 295X2

To outperform competitors and create the best mining rig for Ethereum, you need a truly powerful GPU. This is what Radeon R9 295X2 is about: it gives you the highest hash rate of 46 MH/sec and the total return per year will be about $580– that covers the market price of $600 almost fully. Although Radeon R9 295X2 is pretty expensive, it’s the best hardware for mining Ethereum, and your investments will be compensated with the time being.

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4.Radeon R9 HD 7990

It used to be among solutions for the best Ethereum mining rig 2017, but now it’s a bit overpriced. Radeon R9 HD 7990 will cost you $680 and provide you with a hash rate of 36 MH/s– not the best quality/price ratio, isn’t it? However, if you simply need a reliable and long-lasting GPU, you can go with Radeon R9 HD 7990.

5.Radeon RX 480

A non-expensive and best hardware for Ethereum mining? Yes, such options still exist. Try Radeon RX 480– it’s the most economical solution from the point of energy saving. Although it has a hash rate of 25 MH/s, you can combine six GPUs for excellent efficiency and forget about unbearably high electricity bills.

Bonus: Gigabyte GeForce GTX 1070

If we were to name six best Ethereum mining rig solutions, we would include Gigabyte GeForce GTX 1070 in this list. With an average power consumption of 225 watts, it reaches a very high hashrate without heating up seriously. To make best Ethereum mining rig, build a system of three to six such GPUs, and you’ll enjoy a successful mining – even without optimization, this card does its best.

Comparison table

To create a cost-efficient Ethereum mining rig, build best value hardware components together. With this comparison table, you’ll be able to figure out what’s the best Ethereum mining hardware for you.

GPU

Hash Rate

Power Consumption

Radeon RX Vega 56

31 MH/s

190 watts

Radeon Rx 480

24 MH/s

170 watts

Radeon Rx 570

22 MH/s

125 watts

Geforce GTX 1060

20 MH/s

110 watts

Radeon Rx 580

25 MH/s

175 watts

Geforce GTX 1070

27 MH/s

200 watts

Radeon Rx 470

21 MH/s

120 watts

Radeon R9 290x

28 MH/s

280 watts

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What else?

Those who strive to create the best Ethereum mining rig should combine the best hardware components. As soon as you get a frame for the rig (you can get the best six GPU mining rig case for Ethereum on forums – there are lots of great handmade frames tailored to that), you need to buy the following:

  • Don’t spare money on RAM, if you want the best Ethereum mining rig– get at least 8GB.

  • Motherboard with as many PCIe inputs as you need.

  • Riser cable for every GPU.

  • Power supply (the capacity should be calculated according to GPUs you select).

  • Fans for cooling.

  • Internet connection cables.

Fixing it all together isn’t as hard as building the best Ethereum mining 100 GPU rig – it’s not a farm. You just need to fix the motherboard and GPUs with riser cables first, then connect power and install fans. Don’t forget that you’ll need a computer to set the things up. With the best hardware mining, Ethereum becomes a simple and problem-free task.

Final thoughts

Building the best mining rig for Ethereum 2018 has become a bit harder than in the previous year – the requirements are harsher, and getting the coins is a more challenging task. However, if you find optimal hardware and optimize it for better performance, your investments will certainly pay off.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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