Mining with NVIDIA GeForce RTX 4090 (2024)

FAQs

Can you use RTX 4090 for mining? ›

The RTX 4090 is a powerful graphics card that can be used for mining. According to minerstat, The RTX 4090 can reach a hashrate of f up to 118.07 MH/s with a power consumption of 328 W when mining Ethash. NiceHash reports that the approximate daily income for mining with an RTX 4090 is around 0.99 USD.

NVIDIA RTX 3090

The NVIDIA GeForce RTX 3090, a flagship GPU in NVIDIA's RTX 30 series, is renowned for its exceptional performance in both gaming and cryptocurrency mining. Using the powerful Ampere architecture, this GPU delivers remarkable computational power, making it a favorite among crypto miners.

Graphic Card Recommendations for Bitcoin Mining:

With 10GB of GDDR6X memory, it's well-equipped to handle complex calculations involved in mining algorithms. AMD Radeon RX 6800 XT: This card stands out for its impressive power efficiency and high hash rate, making it ideal for long-term mining operations.

Nvidia has announced that it is limiting the capabilities of its latest RTX 30 series graphics cards such that they can't be used for cryptocurrency mining.

Is crypto mining still profitable? Yes. Crypto mining can be profitable - but there are factors miners need to consider including electricity costs, mining difficulty, and market conditions. All these can significantly impact profitability.

Crypto mining can strain your PC's resources, primarily through heat generation and increased wear and tear on hardware like the CPU and GPU. Proper cooling, a reliable power supply, and moderate usage are crucial to minimize risks and extend your PC's lifespan while mining.

on runpod.io hosting a 4090 for an hour is 74 cents. So a 4090 as far as I understand could transcribe around 186,000 words per hour, so that's around 20 people an hour for 79 cents… Referencing the Open AI pricing page Each minute costs $. 006.

The shortest possible time to mine 1 Bitcoin is about 10 minutes. This is because a new block is added to the Bitcoin blockchain approximately every 10 minutes. When a miner adds a new block to the Bitcoin blockchain, they receive a 3.125 BTC reward (approx. $207,000 as of writing).

There is no minimum or limit to the number of GPUs you can use when mining, and can even start with 1. However, if you are into a serious mining business, a rig of 6 GPUs is recommended.

Why is GPU mining dead? ›

Several factors have contributed to diminishing GPU mining profitability, including the significant increase in network difficulty, the emergence of more efficient ASIC miners, and the volatile nature of cryptocurrency prices which can affect mining rewards.

It is still possible to participate in Bitcoin mining with a regular at-home personal computer if you have one of the latest and fastest graphics processing units. However, the chances of receiving any reward by mining on your own with a single GPU in your computer are minuscule.

In our testing, the RTX 4090 consistently reached 100+ fps at 4K and the highest graphics preset (DLSS and ray tracing off) in most of the games we tested. Some notable results: Far Cry 6 130 fps, Total War: Warhammer 3 100 fps, Borderlands 3 126 fps, Assassin's Creed Valhalla 110 fps, and Hitman 3 178 fps.

The RTX40-series has the Ada Lovelace architecture (not in cuda-compat table), but we know it has v8. 9 Compute Capability. Compute Capability 8.9 actually supports both CUDA 12 & 11. But we can only use CUDA Toolkit up to 11.8 for deep learning libraries.

The memory capacity has been increased to 16 GB, up from 10 GB on the RTX 3080. At the start of 2024, the RTX 4080 is one of the most powerful GPUs for mining. Thus, it provides much higher incomes compared to other GPUs on the market.