AMD Radeon VII: The Best GPU for Cryptocurrency Mining?

The recently released AMD Radeon VII graphics card appears to be the latest champion of GPU crypto mining, reportedly able to achieve a hash rate of 90 MH/s (90 million hashes per second) without any overclocking when used for mining Ethereum (ETH).

Although AMD announced the card in January, it was not until early April that it started becoming available in retail channels. The Radeon VII, which is around 30% faster than AMD's previous flagship, the RX Vega 64, is manufactured using a 7nm process, has 16GB of HBM2 memory, and has a memory bandwidth of 1TB/s.

According to cryptocurrency news outlet VoskCoin, which as "benchmarked the top coins to mine in 2019," if you want "the most powerful GPU for mining ever," the AMD Radeon VII is the graphics card to buy.

Here are the results obtained by VoskCoin when using the card for mining various popular cryptocurrencies:

Radeon VII mining hashrates stock settings (stock clocks below)
1136 mV 1801 Core 1000 Mem 0 PL 100% Fan

Ethereum — Ethash — Phoenix Miner 4.2c 90 Mh/s @ 319 Watts

Monero — Cryptonight R — SRB Miner 1.8.2 ~2970 H/s @ 245 Watts

Zcoin — MTP — sgminer 0.1.1 3.2 Mh/s @ 320 Watts

Grin — Cuckoo29 — Gminer 1.37 5.1 G/s @ 220 Watts

Beam — Equihash 150_5 — Gminer 1.37 24 Sol/s @ 240 Watts

Ravencoin — X16R — WildRig 0.15.3.8 ~25 Mh/s @ 320 Watts

ProgPoW 30 Mh/s @ 360 Watts

On Monday (April 29), Technology news outlet Wccftech reported that, in stock configuration, RX Vega 64 only manages 32 MH/s, and that the Titan V only manages 69 MH/s. This is pretty impressive since the "Radeon VII is immensely cheaper, now available for $680 – $700, whereas the Titan V is within the $3000 range, and the Radeon VII achieves a higher hash rate per watt."

On Tuesday (April 30), during AMD's earnings call, according to a report by AnandTech, the company revealed that it will be launching their next generation of GPUs (codenamed "Navi"), "which is also being built on TSMC’s 7nm process," in Q3 of this year.

Featured Image Courtesy of AMD