Now more than ever, we strongly discourage people from trying to strike it rich with crypto mining. The good news for those not interested in mining is that profitability has dropped, and GPU prices followed suit (to a lesser degree). If you've got an old graphics card sitting around, you might even consider selling it yourself (though finding a replacement could prove difficult). Pascal and Vega cards from three or four years ago are currently selling at close to their original launch prices - sometimes more. Then I looked at prices and realized my old card is selling for as much as I paid over three years ago!" They're not wrong. We've heard from people who have said, in effect, "I figured with the Ampere and RDNA2 launches, it was finally time to retire my old GTX 1070/1080 or RX Vega 56/64. If you've looked for a new or used graphics card lately, the current going prices probably caused at least a raised eyebrow, maybe even three! Our GPU pricing index has additional details, but the market had a perfect storm of pandemic induced shortages and increased demand, and mining only made a bad situation worse. Like the old gold rush, the ones most likely to strike it rich are those selling equipment to the miners rather than the miners themselves. If you don't already have the hardware required to get started on mining today (or really, about eight months ago), you're late to the party. Predicting where cryptocurrencies will go next is even more difficult than predicting the weather, politics, or the next big meme. Mostly, we're looking at the data based on current market conditions. We're not here to encourage people to start mining, and we're definitely not suggesting you should mortgage your house or take out a big loan to try and become the next big mining sensation. Do your own calculations as needed, but there's a reason we've recommended caution since we created this article in 2021. Bitcoin and Ethereum have both lost over half their value since the start of 2022 - Ethereum is down over 60% since January 1, 2022. Note: These numbers are no longer up to date, but the current potential profits have taken a nosedive, right alongside the cryptocurrency prices. The latest update uses pricing data from the month of January 2022, combined with current Ethereum prices. We periodically update this article, at least the main table showing potential profits and pricing. How good? That's what we're here to discuss, and we've got hard numbers on hashing performance, prices, power, and more. Not surprisingly, the best graphics cards and those chips at the top of our GPU benchmarks hierarchy end up being very good options for mining as well. Everyone who didn't start mining last time is kicking themselves for their lack of foresight. What are the best mining GPUs, and is it worth getting into the whole cryptocurrency craze? Bitcoin and Ethereum mining have been making headlines again, as prices and mining profitability were way up compared to the last couple of years.
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