Mining Ethereum with the Radeon R9 295X2: The Most Powerful Ethereum Miner?


  • Hash rate (Highest among Ethereum mining GPUs)
  • Power consumption


  • ROI
  • Price (Radeon HD 7990 shows similar performance for half the price!])

Our rating: 3.5/5

Buy Radeon R9 295X2

Ethereum Mining in 2017

Radeon R9 295X2

Ethereum is sitting comfortably as one of the most popular cryptocurrencies of 2017, second only to Bitcoin. Furthermore, mining Ethereum has become quite popular.


It’s a profitable currency to mine, especially with the Radeon R9 295X2. As we have seen with other popular cryptocurrencies such as Zcash, Monero, Dash, Litecoin, and Bitcoin, mining profitability is always directly related with hash rate and power consumption (see our guide on Ethereum mining profitability).

Today we’re taking a look at your projected earnings with the most powerful Ethereum miner, the Radeon R9 295X2.


The Most Powerful Ethereum Miner on the Market

The Radeon R9 295X2 has the highest hash rate among Ethereum mining GPUs.

PIC Hash Rate Power Consumption Daily Return Percentage Price Buy
46 MH/s 500 W 52% $600 View on eBay

This GPU has a hash rate of 46 MH/s, and it draws 500W from the wall. Each GPU will have a return of $276.80 annually. Evidently, it’s a good choice if you’re looking to mine Ethereum.

Specifications of the Radeon R9 295X2:

  • Hash Rate: 46 MH/s
  • Power Consumption: 500W (at the wall)
  • Profit Ratio per Day: 52%
  • Cost: $600

Radeon R9 295X2 Mining Profitability & Payback Period

As stated previously, you’ll generate around $226 annually with this GPU. The Radeon R9 295X2 has a payback period of just over two years.

Although the R9 295X2 is a great choice, the Radeon RX 480 is the best Ethereum miner available right now. Not only is it the cheapest, it’s also the most power efficient.

While mining Ethereum is profitable, it’s still nowhere near the profitability seen with Dash mining.

For example, the Antminer D3 generates yearly returns of over $800. It’s definitely worth the time to check it out!

Your mining profitability may vary. You can use this mining profitability calculator to approximate your earnings!

While this miner has a good annual return, the Radeon HD 7990 shows nearly the same performance for half the price!

Radeon R9 295X2 Compared to Other Ethereum Mining Hardware

PIC GPU Hash Rate Price Buy
Radeon R9 295 X2 46 MH/s $600 Shop Now
Radeon RX 480 25 MH/s $300 Shop Now
Radeon HD 7990 36 MH/s $350 Shop Now