Ethereum needs people to offer their computers, to power the platform. An Ethereum miner is a computer a person contributes to the powering of the Ethereum platform. In exchange for this act, people who contribute the computers get rewarded with Ether.
One of the ways to get more Ether is to contribute faster miners.
This content will present the top 5 miners for Ethereum.
Note: Ethereum is designed to be unsuitable for ASIC miners. Consequently, ASIC miners are not used for it. You would not find any ASIC miner on this list.
Key Takeaways
•The highest mining rate you may expect is 115 MH per second.
•You would need between $1,600 and $2,650.
Below are the top 5 Ethereum miners with the most speed in 2021:
1. NVIDIA GeForce RTX 3090
- Hashing Rate: 115 MH/s
- Cores: 10,496 cores / 1.44 GHz – 1.71 GHz
- TMUs: 328
- ROPs: 112
- Memory: 24 GB / GDDR6X
- PSU: 750 W
- Price: $2,620
NVIDIA GeForce RTX 3090 is the no 1 hardware used for mining Ethereum.
With the help of its 10,496 cores and the special technical capabilities the cores have, it churns out a peak mining performance of 115 mega hashes per second.
When thinking of which miner to get, speed is not the only important factor. Also, consider factors like cost-effectiveness and power consumption.
Let us see how RTX 3090 compares to the rest in these aspects.
SEE ALSO: Failed Transactions on Ethereum and How to Solve it
Cost-Effectiveness
When it comes to cost-effectiveness, RTX 3090 is the fourth most cost-effective miner.
If you buy this hardware, it means you are paying $22.78 for each of its 1 MH/s capabilities.
All the hardware that occupy the second, third, and fourth positions, are more cost-effective, at the respective rates of $17.90, $17.72, and $18.43.
These differences would not matter if you are buying just a few miners – however, if you are buying a lot of miners, these differences are significant.
SEE ALSO: How to Mine Ethereum and Earn Better than Bitcoin
Energy Efficiency
In terms of electrical energy efficiency, RTX 3090 is the most efficient.
To get a performance of 1MH/s, you have to provide about 6.52 watts of energy.
The hardware that follows (AMD Radeon VII) has an efficiency of 1 MH/s for every 6.98 watts.
If you will be buying a lot of miners, this electrical energy cost is important to be considered.
2. NVIDIA GeForce RTX 3080 Ti
- Hashing Rate: 105 MH/s
- Cores: 10,240 cores / 1.40 GHz – 1.70 GHz
- TMUs: 320
- ROPs: 112
- Memory: 12 GB / GDDR6X
- PSU: 750 W
- Price: $1,880
NVIDIA GeForce RTX 3080 Ti is our second fastest Ethereum miner.
It has 10,240 cores.
With the capabilities featured by the cores and their turbo processing speed of 1.70 GHz, the GPU will deliver a hashing rate of about 105 MH/s.
SEE ALSO: Comparing Cryptos – Is Ethereum Becoming the New Bitcoin?
Cost-Effectiveness
In terms of cost-effectiveness, RTX 3080 Ti ranks second.
If you buy one, for every 1 MH/s of hashing capability you are getting, you are paying $17.90.
The GPU that ranks above it is rated at 1 MH/s at $17.72.
Energy Efficiency
In terms of electrical energy efficiency, RTX 3080 Ti ranks third. To get a performance of 1 MH/s from it, it needs about 7.14 watts. RTX 3090 requires just 6.52 watts and AMD Radeon VII requires 6.98 watts.
If your major concern is power efficiency, this may be a reason to choose RTX 3090 over it, but the 0.16 watts difference is unlikely to be significant enough to choose AMD Radeon VII over it.
3. NVIDIA GeForce RTX 3080
- Hashing Rate: 94 MH/s
- Cores: 8,704 cores / 1.40 GHz – 1.70 GHz
- TMUs: 272
- ROPs: 96
- Memory: 10 GB / GDDR6X
- PSU: 700 W
- Price: $1,666
NVIDIA GeForce RTX 3080 is our third fastest Ethereum miner.
As the name implies, it is a junior model of RTX 3080 Ti.
It has 8,704 cores. The GPU delivers a hashing rate of about 94 MH/s.
Cost-Effectiveness
In terms of cost-effectiveness, RTX 3080 ranks first on this list.
When you buy a unit of this GPU, you are paying about $17.72 for every 1 MH/s of hashing capability it has.
If cost-effectiveness matters greatly, it may not be worth choosing this hardware over RTX 3080 Ti, but it may be worth choosing it over any of the 3 other options.
Energy Efficiency
In terms of electrical energy efficiency, RTX 3080 ranks fourth.
Compared to the first (RTX 3090) which needs just 6.52 watts to get 1 MH/s, you need about 7.45 watts to get the same performance from this GPU.
4. AMD Radeon VII
- Hashing Rate: 86 MH/s
- Cores: 3,840 cores / 1.40 GHz – 1.80 GHz
- TMUs: 240
- ROPs: 64
- Memory: 16 GB / GDDR6X
- PSU: 600 W
- Price: $1,585
AMD is the only non-NVIDIA GPU on this list.
The GPU delivers maximum performance of 86 mega hashes per second.
Cost-Effectiveness
In terms of cost-effectiveness, Radeon VII ranks third on this list.
If you are buying this hardware, you are paying $18.43 for every 1 MH/s of hashing capability.
If cost-effectiveness matters greatly, it may be a good reason to choose it over RTX 3090, but not RTX 3080 Ti or RTX 3080.
Energy Efficiency
In terms of electrical energy efficiency, Radeon VII ranks second.
You need just 6.98 watts to get a performance of 1 MH/s. It is ranked behind RTX 3090 (6.52 watts), but ahead of RTX 3080 Ti (7.14 watts), RTX 3080 (7.45 watts), and RTX 3080 LHR (10.61 watts).
5. NVIDIA GeForce RTX 3080 LHR
- Hashing Rate: 66 MH/s
- Cores: 8,704 cores / 1.40 GHz – 1.70 GHz
- TMUs: 272
- ROPs: 96
- Memory: 10 GB / GDDR6X
- PSU: 700 W
- Price: $1,666
Cost-Effectiveness
In terms of cost-effectiveness, RTX 3080 LHR ranks last on this list.
You will be paying about $25.24 for every 1 MH/s of hashing capability it has. Do not get this wrong, this hardware is very good. However, if cost-effectiveness matters greatly, you would be better off choosing any of the preceding four.
Energy Efficiency
RTX 3080 LHR also ranks last in electrical energy efficiency.
To get a performance of 1 MH/s, you would have to provide about 10.61 watts. This is a huge distance away from the fourth (RTX 3080), which demand a much lesser 7.46 watts.
If you would be running a lot of miners, RTX 3080 LHR is probably not a good idea, compared to the other four options.
Frequently Asked Questions (FAQ)
1. Is it Worth Mining Ethereum in 2021?
In general, mining Ethereum is still profitable as long as your electricity cost is somewhere around $0.15 and your GPU has a decent hash rate, think GTX 1070 or better. A GTX 1080 can generate a profit of roughly $1.91 worth of ETH per day.
2. How Long Does it Take to Mine 1 Ethereum?
Currently, it would take 73.3 days to mine 1 Ethereum at the current Ethereum difficulty level along with the mining hashrate and block reward; a Ethereum mining hashrate of 750.00 MH/s consuming 1,350.00 watts of power at $0.10 per kWh, and a block reward of 2 ETH.
3. Which Mining pool is the Most Profitable for Ethereum?
The Ethermine pool is the most profitable mining pool for Ethereum presently as it recorded the highest rewards at 28,239 ETH, mining 10,615 blocks, followed by Spark Pool with 23,276 ETH in rewards from 8,684 blocks. F2Pool Old ranks third with 11,914 ETH in rewards from 4,443 blocks, while Hiveon Pool had the fourth-highest rewards at 7,609 ETH from 2,876 blocks.
Final Thoughts
All the GPUs presented above are great. They are much better than many of the other miners we have out there. Feel free to choose any of them.
If you would prefer me to specifically choose one, I will choose RTX 3080 Ti. It has the best balance in speed, cost-effectiveness, and energy efficiency.
Head over to Amazon or any standard GPU store. Get whichever of the GPUs you prefer.
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