Are there any GPUs that can still pay themselves off by mining Ethereum before ETH goes to proof of stake? What is the best GPU for mining Ethereum in 2023? In this video I take a deep dive and crunch all the numbers on pretty much all available graphics cards that can mine ethereum to see if (at current market prices) there are any of them that can pay for themselves before Eth 2.0 happens. This profitability calculation also takes EIP-1559 into account as we will see a 15% decrease in our profits after that is implemented around the beginning of August this year. In this video I have done all the math for both Nvidia and AMD graphics cards to try to figure out what is the best GPU to buy for Ethereum mining now in 2023!
Link to spreadsheet comparing GPUs for Ethereum mining:
https://docs.google.com/spreadsheets/d/17V6yJBCknodM44TrBtcHwsSgRAbKcvMQxt50qtCZNcM/
Please like the video if you liked it and subscribe to the channel for more crypto mining videos!
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#cryptomining #gpumining #ethereum #ethereummining #bitcoinmining #bitcoin #cryptocurrency #cryptominingrig #ethmining #gpuminingrigs #hashrate #cryptocurrencyminingfarm #nvidia #amd #geforce #radeon
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00:00 Best GPU for mining Ethereum 2023 explained
00:58 Make a copy of the GPU comparison spreadsheet
02:23 Current Ethereum mining profitability explained
03:16 Comparing GPU profitability vs power consumption
04:59 What will happen before Ethereum mining ends?
05:17 EIP-1559 explained
06:02 The two scenarios for Ethereum going to proof of stake
06:55 Best GPU if Ethereum 2.0 happens in November 2023
08:32 Profit vs yield explained (important)
10:33 Top GPUs for mining Ethereum if ETH2.0 happens in Nov 2023
12:54 Best GPU for mining ethereum if ETH2.0 happens in Feb 2023
14:33 How to make sure the GPUs pay for themselves
15:14 What GPUs will likely pay for themselves before ETH 2.0
17:02 Advice for new miners on selling your mined Ethereum
17:44 Taking a closer look at some of the GPUs
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Altered Component: youtube.com/c/AlteredComponent
Bits Be Trippin’: youtube.com/c/BitsBeTrippin
brandon coin: youtube.com/c/brandoncoin
ChumpChangeXD: youtube.com/c/ChumpChangeXD
GuntisVitolins: https://www.youtube.com/channel/UCkYCnjVcFJDN6Cp_uP0pv_A
HashRaptor: youtube.com/c/HashRaptor
Mining Chamber: youtube.com/c/MiningChamber
Red Fox Crypto: youtube.com/c/RedFoxCrypto
Red Panda Mining: youtube.com/c/RedPandaMining
SavageMine: youtube.com/c/SavageMine
SerpentXSF: youtube.com/c/SerpentXSF
Son of a Tech: youtube.com/c/SonofaTech
TekShinji: youtube.com/c/TekShinji
The Hobbyist Miner: youtube.com/c/TheHobbyistMiner
The Life of a Miner: youtube.com/c/TheLifeofaMiner
VoskCoin: youtube.com/c/VoskCoin
(They’re in alphabetical order.)
None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is from my point of view and for entertainment purposes. You do things at your own risk. You are responsible for your own actions. Do your own research.
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