Top GPUs for mining in 2021

Are you going to get some new GPUs? Then take a look at this article first — here you will find a list of the top GPUs for mining in 2021 (all of the GPUs provided in this article are described on the basis of ETH mining).

Do note that your mileage may vary and the below stated hashrates and power consumptions are average based.

AMD Radeon RX 5700 XT

AMD Radeon RX 5700 XT allows reaching ~50MH/s. With proper timings, the hashrate can be increased to 54–55MH/s. This applies to all GPUs, but especially AMD, you should take any and all software power readings with a grain of salt. The power consumption is pretty attractive: ~130W. This means that the efficiency is ~0.55 MH/s per Watt.

Source: AMD

📍Disadvantages: loud fans and weak cooling system.

The launch price: $399.

AMD Radeon RX 5600 XT

AMD Radeon RX 5600 XT can reach almost 41–42MH/s. The power consumption is ~130W. This gives us an efficiency of 0.32 MH/s per Watt. This may seem to be not very impressive, but this GPU is rather energy-efficient. Besides, its price is rather low.

Source: The Verge

In general, AMD Radeon RX 5600 XT is a great choice if you manage to find them at their MSRP (Manufacturer’s Suggested Retail Price).

📍Unfortunately, this is virtually impossible, and this statement is relevant for any video card.

The launch price: $279.

AMD Radeon VII

This card seems to be the leader in terms of performance — it allows reaching ~100MH/s (after some tweaking). This is possible thanks to the improved memory bandwidth — 1TB/s, and 16GB of high bandwidth memory. At the same time, the power consumption is ~190W. This means that the efficiency of AMD Radeon VII can reach 0.53 MH/s per Watt.

Source: AnandTech

However, fans can get very loud while mining and the average temperatures are rather high. Besides, AMD Radeon VII is very hard to find, especially at its launch price, which is rather high on its own.

By the way, if you managed to get this GPU and now are wondering how to c-mode Radeon VII for Hive OS, here is the guide.

The launch price: $699.

NVIDIA GeForce RTX 3080

With NVIDIA RTX 3080 you can reach almost 98–100MH/s with the correct OC, miner, and cooling solutions, while the power consumption is ~220W. Therefore, the efficiency is 0.45 MH/s per Watt.

Source: Forbes

That’s one of the best options, but just like any new gen GPU right now, it is scarcely available, and the pricing is extremely inflated. So you will have to think twice before buying such a card.

The launch price: $699.

NVIDIA GeForce RTX 3060 Ti

NVIDIA GeForce RTX 3060 Ti allows reaching ~60MH/s. The energy consumption is ~130W. This gives us the efficiency of 0.46 MH/s per Watt, while the price is rather attractive. Among all the NVIDIA GPUs mentioned in this article, 3060 Ti is one of the cheapest options (if you manage to find it at this price).

Source: Gadgets 360

It’s a great alternative to NVIDIA GeForce RTX 3070 that reaches the same hashrates and power levels but has higher MSRP.

The launch price: $399.

NVIDIA GeForce GTX 1660 Ti

With NVIDIA GeForce GTX 1660 Ti you can reach the hashrate of ~25MH/s. It seems to be not that high, but the power consumption is a great benefit — only ~77W. This means that the efficiency is 0.32 MH/s per Watt.

Source: AnandTech

The launch price: $279

NVIDIA GeForce GTX 1660 Super

And here comes another affordable GPU — NVIDIA GeForce GTX 1660 Super. Its hashrate is ~26MH/s, and the power consumption is ~70W. Therefore, the efficiency is 0.37 MH/s per Watt.

The launch price: $229

🗣 What miners think

We provided you with the list of top GPUs for mining in 2021 — it was created on the basis of our users’ preferences. Here are some of the results we got from our Twitter survey:

However, some of these cards are very hard to find, especially at their suggested retail price. That’s the main disadvantage and a potential challenge for you.

As for other disadvantages, like high average temperatures, you can deal with them with the help of Hive OS and its autofan feature.

To choose a card, consider your needs and budget, show due diligence, and remember about ETH 2.0. Try to estimate the ROI of your potential cards to understand how much time they will need to pay off. ETH won’t switch to PoS right now, but it will still happen at some point, and after this, even the most efficient GPUs will become useless for staking ETH

AS GLOBAL ADOPTION OF CRYPTOCURRENCY RISES, PAYPAL DECIDES TO HIRE HUNDREDS FOR CRYPTO POSITIONS

As the demand for cryptocurrencies continues to rise along with the soaring adoption rates in financial institutions and organizations across the world, PayPal, which is one of the leading payments giants globally, has decided to hire for more than a hundred positions related to cryptocurrencies. Dan Schulman, who is the CEO and President of PayPal stated that he is very pleased with the momentum with which cryptocurrencies are widely being adopted across the world. Hinting at future endeavours and expansion plans of the company, he also mentioned that PayPal will obviously be adding incremental functionality into the crypto space.

As the company is willing to expand into the crypto space, they are now hiring for more than 100 crypto-related positions in the company that will enhance their crypto services and offerings. According to the job postings on the website of PayPal, there are at least 102 job postings that were about vacancies for positions related to blockchain technology and cryptocurrencies at the time. 

The jobs are mostly for people who are residing in the United States. However there are different positions open in several different countries around the world. These countries include Tel Aviv where there are five different positions open, Ireland where there are six, one position open in Hong Kong, one open in Singapore and there are five openings in Guatemala City for Xoom, the online money transfer service from PayPal.

Majority of the positions are located and are available in the United States. There are twenty-two open positions in California. In New York, there are sixteen, thirteen open positions in Texas, nine positions in Arizona and in Illinois, there are 8. Less than five jobs are posted in each of the few other states. The positions range across different departments. PayPal is looking for crypto engineering managers, strategy managers, program managers, blockchain AML analytics managers, operation managers, investigators, crypto investigations specialists, crypto legal directors and crypto tax reporting managers. 

During the last earnings call, PayPal CEO Dan Schulman outlined several ways in which the payments giant is willing to expand their crypto services. He also talked about launching a “super app”, expansion in the market of the United Kingdom, integration in open banking systems and third-party wallet transfers. 

According to Schulman, the company had garnered huge profits in the first quarter of the year. During the second quarter, he mentioned that, owing to the phenomenal rise in the adoption rate of crypto in financial institutions, organizations and businesses around the world, the company has seen growth rates in their revenue stream that was multiple times higher than what was initially predicted. 

The outstanding rate of business growth in the second quarter of the year has prompted the team to increase the crypto purchase limit to $100,000 on a weekly basis. On top of that, they have also completely eliminated the annual limit for purchasing crypto altogether. Previously the weekly limit was fixed at $20,000 which means that there has been an increase of 5 times that amount, which is a staggering hike. Even the annual purchase limit of crypto was fixed at $50,000 which is completely lifted now since they are offering double that amount not on yearly but on weekly basis. Therefore it is quite evident that the increase that has been made is extremely substantial, to say the least. According to experts, PayPal is looking for dramatic increases in their revenue as the crypto market is proving to be a really great revenue generator for the company. 

PayPal has been planning to extend into the UK market by this month and they are also planning to offer diverse services related to crypto to the global users. As announced by Schulman, they are intending to work on the architectural aspects of the crypto networks and develop the blockchain systems so as to provide optimum user experience during crypto transactions.

There is a rising trend globally among many central banks, regarding Central Bank Digital Currencies or better known as CBDCs, which are basically digital currencies rolled out by Central Banks themselves, and this trend is on a continual rise. So much so that even a year ago, analysts point out that globally there were around 40 banks that were probing into the matter of CBDCs and now that number stands at more than 100 banks, who are interested in adopting the system of digital currencies in future. PayPal wants to use this opportunity to the fullest possible extent and wants to play a pivotal role in the growth and evolution of this new technology. 

Recent reports have suggested that the number of global crypto users have surpassed 220 million in the month of June this year. What is more shocking is that the number had risen from 100 million to 200 million in just a matter of four months.

GBP/USD Weekly Price Forecast – British Pound Continues to Look Strong

The British pound has rallied significantly during the course of the week, reaching towards the 1.40 handle. At this point, we now face the next resistance barrier.

The British pound has rallied significantly during the course of the trading session to show signs of life again, as the market is more than likely going to try to move against the US dollar in one fell swoop. That being said, the 1.40 handle is an area that has been significant resistance in the past, so I would not be surprised at all to see a little bit of a pullback. If and when we can break above that 1.40 level though, then it is likely we go looking towards 1.42 handle, which is where we have seen a massive amount of resistance in the past. Ultimately, this is a market that I think will continue to see choppy behavior, and as we head into August, I think we will see a little less in the way of momentum.

When you look at the 1.42 handle, it is an area that has been like a brick wall for several years, and I think breaking above there would make this market a longer-term “buy-and-hold” type of situation. I do not necessarily see that happening easily, and I do not necessarily see that happening in the next week or two. I think this is more or less going to be a bit of a grind higher, especially as we head into what is traditionally one of the quietest times of the year.

That being said, if we pull back it is likely that we will go looking towards the 1.37 handle underneath, where we launched from earlier this week. Ultimately, this is a market that needs to make up its mind for a bigger move.

Crypto Whales Relocate Over $500,000,000 in Ethereum in Matter of Hours – Here’s Where the ETH Is Heading

This Friday, blockchain tracker Whale Alert spotted a series of transactions in which large Ethereum holders moved 237,419 ETH, worth $557,777,068, in just over 10 hours.

In the largest transaction of the series, a whale sent its entire 55,277 ETH stash worth $129.94 million from one unknown wallet address to another. The sending wallet had previously received a little over 50,000 ETH in its first transaction – 26 days ago – from a sender who also emptied its wallet.

The trail of transactions, which goes as far back as nearly a year, indicates that the controlling entity appears to be emptying wallets and relocating the ETH trove to new addresses.

On top of the largest ETH movement of the day, five whales moved huge amounts of Ethereum between wallets of unknown origins. Two deep-pocketed investors shifted ETH from an unknown wallet to a crypto exchange, and one big-time crypto holder transferred ETH from an exchange to an unknown wallet.

Here’s the summary of the largest ETH transactions in the past day

Binance banned in Malaysia, given 14 days notice to shut down operations

The crypto exchange has been served with a notice to stop offering its services in the country.

Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally.

According to an announcement released on Friday, the Securities Commission (SC) Malaysia has served a public reprimand against Binance, calling for the exchange and all of its entities to cease operations in the country.

The SC stated that Binance continued to operate in Malaysia despite previous warnings. Indeed, back in July 2020, Cointelegraph reported that Binance was not permitted to operate in Malaysia.

At the time, the SC published an "Investor Alert List" containing several digital asset exchanges offering services in the country without due authorization from Malaysian regulators.

Binance has 14 business days from Tuesday to comply with the order that includes disabling its website and mobile apps, as well as discontinuing any media campaign for its services in the country.

The announcement also mandated that Binance's CEO, Changpeng Zhao, ensures full compliance with the order. Malaysia's securities regulator also urged citizens to desist from trading with crypto exchanges operating in the country illegally.

Responding to Cointelegraph's request for comments, a spokesperson for the exchange explained that Binance.com does not operate out of Malaysia, adding:

Related: Binance CEO wants to 'work with regulators' as the exchange expands

The news out of Malaysia concerning Binance is only the latest in sweeping regulatory actions specifically targeted at the exchange giant. From warnings to investigations and now outright bans, the platforms appear to be under the cosh of financial watchdogs across the globe.

Earlier in July, Italy's financial regulator issued a warning against Binance, stating that the platform was not authorized to offer services in the country. Apart from Italy, countries like Germany, Poland, Japan, Thailand, Singapore, the United States and the United Kingdom, among others, have also issued warnings about Binance.

Binance, for its part, has taken steps to mitigate the situation, with its CEO promising to work with regulators amid plans for even further expansion across the globe. There has also been a flurry of policy changes at the exchange with withdrawal limits reduced for users who are yet to complete the platform's identity verification protocols.

Meanwhile, the exchange has also announced plans to shut down crypto derivatives trading in Europe, beginning with Germany, Italy and the Netherlands.