You’ve done your research and decided you want to start a solo Ethereum mining operation versus joining a mining pool. The next step in the process is to learn what choices of hardware is currently available, and which one would serve you best. Since everyone’s situation is different, we’re going to outline several models, each offering different benefits.
You’ll need to purchase hardware to mine Ethereum because it takes the power of a GPU or Graphics Processing Unit to do the job.
GPUs are typically assessed on two aspects: hash rate and power consumption. And depending on your circumstances, you will want to focus on one over the other.
Generally, the higher the hash rate, the more power the GPU will consume. This is greatly important to pay attention to when searching for a GPU. Yes, a higher hash rate means you have a better chance of earning a larger income from Ethereum mining. However, if you live in a country with high or volatile energy costs, you could end up paying out most of your earnings to the electric company. Your goal then is to find your sweet spot—the happy medium that will allow you enough hash rate power to compete with other miners without cutting too far into your profits.
The top-of-the-line Ethereum Mining hardware
Now, let us look at the best Ethereum Mining Hardware in the market presently:
Radeon R9 295X2
This Ethereum Mining Hardware offers the highest hash rate out of all
Ethereum miners currently on the market. It gives about 46.0 MH/s and can
give you a return of about $1,400 in a year. Before you purchase this model, make sure to calculate your energy costs to determine if this high hash rate is worth the high energy bills, since it will draw up to 500W at the max load.
Radeon R9 HD 7990
Second on the list, this Ethereum Mining Hardware offers a hash rate of 36 MH/ s, the Radeon HD 7990 can give a return of up to $700 per year. Since it has a lower hash rate than the series above, it draws 300 W from the wall, which means lower electric bills.
Radeon RX 480
Hands down, this model is the most economical GPU as it consumes very little power. It has a hash rate of 25 MH/s and uses a maximum load of 150 W off the wall. Its annual return is around $700. This is quite competitive with the above listed two, especially since it cost a great deal less. However, it has a more modest hash rate.
Radeon RX 470
This model has a 24 MH/s hash rate and incurs the same electricity cost as the Radeon RX 480. This model offers an average return of between $500 to $600 per year.