Mining Ethereum with the Radeon RX 480: Buy This Miner?

Pros

  • Hash rate (Third highest among Ethereum mining GPUs
  • Power consumption
  • Price (Cheapest among the 3 most powerful Ethereum miners)
  • ROI (Currently the best choice among Ethereum miners!)

Cons

  • None

Our rating: 5/5

Buy Radeon RX 480

Ethereum Mining in 2017

Radeon RX 480

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

Why?

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 Radeon RX 480.

Profit

The Best Budget Ethereum Mining GPU on the Market

The RX 480 has the third highest hash rate among Ethereum mining GPUs. However, it has the lowest power consumption, drawing only 150W from the wall.

Due to its power efficiency, it is the most profitable Ethereum mining GPU. Furthermore, it is the cheapest among the 3 best Ethereum mining GPUs. That being said, it pays itself off in the least amount of time, and generates the most profit.

PIC Hash Rate Power Consumption Daily Return Percentage Price Buy
25 MH/s 150 W 176% $300 View on eBay

This GPU has a hash rate of 25 MH/s, and it only draws 150W from the wall. Each GPU will have a return of $277.74 annually. While it’s slightly less than the Radeon HD 7990, the initial investment is much lower. Evidently, it’s the best choice if you’re looking to mine Ethereum.

Specifications of the Radeon HD 7990:

  • Hash Rate: 25 MH/s
  • Power Consumption: 150W (at the wall)
  • Profit Ratio per Day: 176%
  • Cost: $300

Radeon RX 480 Mining Profitability & Payback Period

As stated previously, you’ll generate around $277 annually with this GPU. The Radeon RX 480 has a payback period of just over one year. This is the most profitable (and the cheapest) Ethereum mining GPU available at this time.

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!

Radeon RX 480 Compared to Other 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