Cryptocurrency mining is a pretty intense process for any graphics card, including the big guns on the market. This is because the GPU has to work at full load for extended periods of time to mine crypto resources successfully. That means that simply going for the most expensive and powerful graphics cards may not be the best idea for all crypto miners.
AMD makes some outstanding GPUs; more so, the company has made a huge leap with its RDNA graphic cards, like the RX 5700 XT. It's built on a 7nm manufacturing for maximum, power-efficient performance, making it a great value proposition for crypto mining. This article will take a more in-depth look at RX 5700 XT hashrate and profitability to understand what makes it a good value-for-money option.
The RX 5700 XT is definitely not the latest or greatest card from AMD, but it's still a formidable card when it comes to price for performance. First, it's more than capable for 1440p gaming, just like the premium RTX 3060 Ti. Second, it's really good at mining. As much as AMD cards don't offer gamer-focused features, such as DLSS 2.0 or the same level of ray tracing as NVIDIA cards, they seriously take off in mining.
The AMD Radeon 5700 XT can push through just shy of a hashrate of 55MH/s, which isn't too far off the best cards from the company. Furthermore, it achieves such rates with the same 8GB GDDR6 VRAM and comes at a considerably lower GPU price. So, what makes it a worthwhile choice to explore?
AMD Radeon RX 5700 XT GPU Mining
It's no secret that hashrate is the biggest appeal to the RX 5700 XT. The card has an impressive output of 54-55 MH/s, representing an extra 22 MH/s on the RX 580 while consuming almost the same amount of power. The Low Power Consumption of just 130 Watts, plus the price point, means the card's output is simply outstanding.
The Radeon RX 5700 XT has an 860mV core voltage and a frequency of 1700 MHz. It draws just a 115W from a standard outlet. Since the card also features a 7nm FinFET semiconductor design, it offers the best possible mining energy efficiency.
Nevertheless, the card's Default BIOS doesn't offer the best output. Therefore, you need to modify its BIOS to get maximum performance. Modding the RX 5700 XT's BIOS is pretty straightforward, and you can see here.
RX 5700 XT Hashrate
Image Source: flickr.com
The 55 MH/s hashrate is one of the highest of any card on the market. On top of the excellent hashrate, it's built as a professional-grade GPU and designed to deliver maximum performance. That makes it a reliable choice for crypto mining since it also supports AMD's proprietary software to improve performance.
The GPU is well charged out of the box. Therefore, manual overclock will probably not offer a significant improvement on hashrate. So, what does the performance actually look like?
Hash On Different Algorithms
Finding reliable data on cryptographic algorithms is always a challenge. Some programs are occupied by ASICs, others are more favorable on the CPU, while others are just shackled under NVIDIA. Furthermore, some driver developers can be lag behind with update releases, which can also affect the card's performance.
That said, there's no doubt the AMD RX 5700 XT is an excellent card for mining the most profitable coins. This is how things generally look for the RX 5700 XT at the moment:
- Ethash 54Mh / s
- Cryptonightv8 1600H / s
- Cryptonight-heavy 1350H / s
- Cuckatoo 3.6 H / s
- Cuckatoo 31 1.15 H / s
- Mtp 1.8 2 Mh / s
Remember, production efficiency can vary by 5-7% on different Navi GPU manufacturers. Most of it depends on the driver version and mining software.
RX 5700 XT for Ethereum Mining
The AMD Radeon RX 500 XT maintains the solid 54 MH/s hashrate for Ethereum mining. The high hashrate enables more profitable mining with lower power consumption. Furthermore, the card does not require any BIOS modification to maximize performance, as it's quite robust from the box.
SimpleMiningOS provides the recommended mining settings, which further lowers the power consumption. The mining software also automatically updates to the latest RX XT drivers to maintain maximum performance. In addition, the GPU uses the more efficient GDDR6 memory controllers to add to the optimized performance.
Most Profitable Mining Pool for Ethereum
First, we need to state categorically that we're not financial advisors. Having said that, Binance Pool and NiceHash Pool seem to be some of the more popular options to explore at the moment. But, it's always best to do your own research and find what works best for you.
Binance Pool offers a 10% discount on all trading commissions for operations within the system. On the other hand, NiceHash Pool allows you to rent out your facilities as a more passive option for people who don't want to get actively involved, but it's less profitable as well.
Reducing Power Consumption
As mentioned above, the AMD RX 5700 XT works stably at a core voltage of 860mV at a 1700MHz frequency. The Sapphire Nitro draws 115W from a standard Corsair 80+ Gold block outlet. This is a noteworthy improvement from the previous generation, meaning that power consumption is rather optimized from the Default BIOS.
However, if you're still keen on getting the least possible energy consumption, you can replace the BIOS 5700 XT. It's worth noting that you'll only get a slight performance improvement. That's because modified RX 5700 XT firmware for mining is still uncommon.
RX 5700 XT's Profitability & ROI
Image Source: pixabay.com
On WhatToMine, the AMD Radeon RX 5700 XT ranks among the more profitable graphics cards. As much as profit varies from one exchange rate to the other, there's a healthy range of $ 0.70 to $ 2.63 per day, usually around a dollar under respective revenue. That means the card can pay itself off in an average of 15 or so months.
All things considered, this is a more than decent ROI, especially when you consider the affordable price point. The AMD RX 5700 XT is a sensible investment for any crypto miner out there, whether they are about to start mining or expanding their mining rig.
Overclocking Radeon RX 5700 XT
Navi GPUs are compatible with several utilities and mining software, including the latest versions of Ethash Claymore's Miner, WildRigMulti, PhoenixMine and many more. That means it's critical that you also install the latest version of the AMD video driver to maintain steady high performance.
When it comes to overclocking, OverdriveNTool is possible the best to use:
- First, download the software from the developer page.
- Then, unzip the program at a convenient place on the disk.
- Open Settings.
- Note down the parameters of the card's core frequency and memory.
- Perform Undervolting.
- Set Cooler Rotation Mode to Maximum Allowable Temperature, as well as Max Power Limit
- Save the profile, then click Apply.
Once you have completed this process, you still need to create a bat-file, where the R-command resets the settings for all GPUs, and then the P-command applies the new profile you've saved. The executable file should be saved in the new OverdriveNTool.exe folder.
It's worth pointing out that you can also install an overclocking program. However, OverdriveNTool provides better and more reliable results. Whatever works best is entirely up to your preferences.
Remember, overclock values are different in Windows and Linux-based OS'es. That also includes Hive OS, where you'll need to double the relevant (na) core clock and memory values.
The recommended overclock settings include:
- Power Limit(%) – 130 Watt(70%)
- Temp. Limit (°C) – 75°C
- Core Undervolt (MHz) – 1400 MHz
- Memory Clock (MHz) – +900 MHz
- MVDD – 1200
- Fan Speed (%) – 70% (or according to your Temperatures)
- MVDDCI – 700
You can also consider installing an external GPU to boost performance.
Is the RX 5700 XT Worth it for Mining?
Without a doubt! The AMD RX 5700 XT mining hash rate is more than capable of generating over $150 monthly income on the ETH -Ethash algorithm, for instance. In other words, you can expect at least $2 per day from the graphics card when the network hash rate is around 936 TH/s and the current difficulty stands at 12.7P.
However you look at it, the card's profit estimates based on different algorithms show one of the best returns on investment for crypto miners. Despite being an older flagship card, the AMD RX 5700 XT is still an excellent choice for crypto mining.
Featured Image Source: unsplash.com