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Which cryptocurrencies are most profitable to mine with AMD RX 6800?

avatarDileep KrDec 26, 2021 · 3 years ago3 answers

I recently purchased an AMD RX 6800 and I'm interested in mining cryptocurrencies. Can you recommend which cryptocurrencies are currently the most profitable to mine with this graphics card? I'm looking for options that will provide a good return on investment and take advantage of the card's capabilities. Any suggestions?

Which cryptocurrencies are most profitable to mine with AMD RX 6800?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Certainly! With an AMD RX 6800, you have a powerful graphics card that can handle various mining algorithms. Currently, some of the most profitable cryptocurrencies to mine with this card include Ethereum (ETH), Ravencoin (RVN), and Monero (XMR). These cryptocurrencies have mining algorithms that are well-suited for AMD GPUs, and they have shown consistent profitability. Keep in mind that mining profitability can vary over time due to factors such as network difficulty and market prices, so it's important to stay updated with the latest trends and adjust your mining strategy accordingly.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a more specialized mining option, you might consider mining Chia (XCH). Chia is a relatively new cryptocurrency that utilizes proof-of-space and proof-of-time instead of traditional proof-of-work. This means that instead of relying on computational power, Chia mining requires large amounts of storage space. The AMD RX 6800 has a good amount of VRAM, which can be utilized for Chia mining. However, it's worth noting that Chia mining is different from traditional mining and has its own considerations and challenges.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend considering Ethereum (ETH) as one of the most profitable cryptocurrencies to mine with an AMD RX 6800. Ethereum is one of the largest and most established cryptocurrencies, and its mining algorithm, Ethash, is well-optimized for AMD GPUs. Additionally, Ethereum has a strong community and ecosystem, which can contribute to its long-term value. However, it's important to do your own research and consider factors such as electricity costs, mining pool fees, and hardware availability before diving into mining.