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Best Budget GPU for Mining Ravencoin (Make $1,000,000 by 2023) IN DEPTH BONUS VIDEO! - Sebs FinTech

Best Budget GPU for Mining Ravencoin (Make $1,000,000 by 2023) IN DEPTH BONUS VIDEO! - Sebs FinTech

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Rating: 4.0; Vote: 1
Best Budget GPU for Mining Ravencoin (Make $1,000,000 by 2023) IN DEPTH BONUS VIDEO! - Sebs FinTech we're having an in depth look at Nvidia graphics cards to see which is the most economical for mining Ravencoin, taking both cost of the GPU and electricity into account. This all came about after watching Son of a Tech's video (https://youtu.be/jIxrW2ePRf0) where he hypothesised that RVN could reach $10 by 2023 (not financial advice, none of this is). Why 2023? Because that is when Raven coin will have its block reward halving! And that got me thinking, if that actually were to happen, what would be the most cost efficient way of mining 100,000 RVN (aka $1,000,000 if RVN goes to $10) by 2023? So I compared all Nvidia graphics cards I could think of in terms of price of the GPU, ravencoin hashrate and electricity consumption. Taking these 3 things into account, in this video I'll answer the question: What is the cheapest way to mine 100,000 ravencoin by 2023? We look at all the common mining GPUs like GTX 1660 Super, RTX 3070 and RTC 3080. But since the DAG file for mining RVN is still under 3gb, we also take a look at some graphics cards not as commonly used for mining like GTX 1050Ti and GTX 1650. Taking these, and about 17 other graphics cards, I have made what I think is the best comparison of GPUs for mining Ravencoin
Date: 2022-04-19

Comments and reviews: 10


Seb, thank you! I'm brand new to crypto mining. I fell down the crypto-mining rabbit-hole about four weeks ago. I've only just started with my desktop's PNY Quadro T1000. There are only a few coins that I can mine with it. I'm mining Ravencoin with NBMiner on 2Miners. I'm gong to expand into my first mining rig soon. I don't know how to measure how much time and money you are saving me with the content you are publishing. Thanks again!
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Hey Seb, great video as always. Congrats. I do have a suggestion: on the number of GPUs column (V) I believe a whole number should be used here, since you cannot buy decimals of GPUs. This greatly affects the Initial Cost (W) and Total Cost (Z). Take the 3080 Ti for an example: Unit cost of 2.000$, 2 GPUS needed, that makes 4.000$, and not 4.783$. Cheers!
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I am leaning towards a1050ti rig looking at your chart and the fact that I can get 1050ti 25% cheaper than shown in chart, I understand 1050 is old but who cares if it's doing the job efficiently and for looow initial cost or do you think I should consider bigger like 3080? Thank you and look forward to hearing back.
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Wow! This was the exact answer I was looking for. And from my own research I had also come to the conclusion that the 3060 was the most cost effective. But thank you for confirming it. And I appreciate the extensive detail you went into creating this spreadsheet.
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Seb great video. I made my first rig following your videos. They were very helpful and thought out. I started mining raven coin on gminer but i can't seem to get over 1.37 as a hashrate even with overclocking my 1050 ti. any idea would be greatly appreciated.
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Great video and detail but i fear some people will jump on this without realising that to hit these numbers RVN would have to increase in value by around 1000x. Do you have any rationale as to why RVN is likely to go from $0.08 to $10?
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So why would I bother mining when I can just buy the coin for 9.300usd? Not to mention the time and energy saved. Also the chance to arbitrage during the whole year with smart swing trades? Anyone care to explain?
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Cooll thought experiment. if you truely think this price will hit there you are cheeper off for most options to just buy 100k rvn now :P you dont need to do the work with the hardware.
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Hi Seb! Brilliant video, incredibly informative. Any chance we could mail you for the spreadsheet please ? Will pay you back in adventure sports if you ever come to South Africa :)
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Can I just mix and match cards? I have an older motherboard from the Haswell era that was meant to run a 3 way sli. Does my older motherboard effect much?
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