Do you want to mine Ethereum?Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs.This article will help you learn more about the best Ethereum mining hardware.Table of ContentsWhat is a GPU Ethereum Miner?How can you find the best GPU and rig?Most efficient GPUs on saleRadeon R9 295X2Radeon R9 HD 7990Radeon RX 480Radeon RX 470Just Want Ethereum?Note: Before you get hardware make your you have Ethereum mining software, an Ether mining pool, and an Ethereum hardware wallet for secure storage of Ether.If you just want Ether then just buy Ethereum.Mining has a lot of setup costs and some technical knowledge is required.In order to mine Ethereum, you will need specialized hardware known as graphics processing unit (GPU).Ethereum’s developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power.So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer.Some GPUs have a higher hash rate than others, while some use more electric power as well.In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity.Many of these costs will vary by country.

Is it cheap to buy GPUs in your country?Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs.Also, what is the cost of electricity in your country?Electricity costs are the deciding factor for most miners.As we have seen with Bitcoin mining, miners in China, Iceland, and other places with cheap electricity have a huge advantage!Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale.Note that the power costs per day numbers used below were based on the global average cost of electricity and the price of Ether on September 16, 2016.For more accurate estimates, use an Ethereum mining calculator and plug in your own numbers.The Radeon R9 295X2 has by far the highest hash rate (46.0 MH/s) of the Ethereum GPUs on the market and will cost you $600.bitcoin mining greece

It has a power cost per day of about $1.44, a return per day of about $1.61 and a cost per MH/s of $13.04.This gives a return per year of $586.43.A Radeon R9 HD 7990 will cost you $680.Its power cost per day is lower than the R9 295X2 at $1.08 but its hash rate is significantly lower at 36 MH/s.Its return per day is $1.29 while its cost per MH/s is $18.89, giving it a return per year of $469.40.The Radeon RX 480 is most arguably the most economical in terms of cost and saving electricity.bitcoin via skrillIts power cost per day is significantly lower than the two that I have mentioned at $0.4320.bitcoin puneIts hash rate is 25.0 MH/s, meaning its cost per MH/s is $7.96.bitcoin in der kriseThis gives a return per day of $1.21 and therefore a return per year of $440.91.bitcoin easter egg

Radeon RX 480 will cost you $199.A Radeon RX 470 has a modest hash rate of 24.0MH/s.Its power cost per day is exactly the same as the Radeon RX 480 at $0.4320.Its cost per MH/s is $9.13, giving it a return per day of $1.15 and a return per year of $418.16.Radeon RX 470 will cost you $219.Now that you know the best Ethereum mining hardware, get a secure wallet for your Ether.If you don’t want to mine you can always just buy some Ether online.If you just want ether, mining is NOT the best way to obtain them.Buying ether is the EASIEST and FASTEST way to purchase.Get $10 worth of free ether when you buy $100 or more at Coinbase.bitcoin usd yahoo financeMining Ethereum can be done in a variety of ways - you can buy a cloud contract  and get someone else to do all the hard work for you, or you can do it yourself and get your GPU, or Graphics Card, up and running.However the efficiency of your graphics card can vary a lot and picking one can be quite difficult.

What we have done is make the process easier for you by picking a handful of suppliers and showing you how to choose which GPU mines the most and which GPU is the best value for money.Each Graphics card will mine slightly differently depending on the way it is made.This is all about how each GPU runs the ETHASH algorithm which is key to the proof of work in Ethereum.They also use different amounts of power.You can sort on our mining equipment pages by filtering out bitcoin equipment and find the best GPU for you to mine ethereum with.To make it easy we have taken a selection of Ethereum mining GPU's and taken their average stats and metrics from our live ethereum exchange rates and mining network data.This allows us to get key data on how good the graphics card is - like how many days it will take to payoff you buying it and how much ether it should return per year.We also show second hand refurbished graphics cards that are generally cheaper and have a better return because of the cost price.

Once you have selected your GPU depending on your budget or whether you want it to mine efficiently or whether you just want the highest amount of mega hashes - then you can click through to find more return information on it.We show you how much the return per day exceeds the cost of running it with our profit ratio metric, and show you how much you would expect to make in a year given a stable network hash rate and exchange rate.Its not the graphics card that has the highest number of mega hashes, or the graphics card that is the most power efficient - it's a balance of what works for you.A word of warning though is that Ethereum will move from proof of work to proof of stake - and nobody knows when this will happen because it depends on the development community.Also bear in mind that the GPU or graphics card that you choose to mine Ethereum with needs to fit in your computer or have a special computer built for it - this will depend on a lot of other factors such as whether your computer has enough power to add an extra graphics card in or whether your computer's motherboard has the correct slot to take the card.