Description:
A graphics processing unit (GPU) is a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the matrix operations in parallel. Recently, GPU devices have been used for mining purposes with success having a great performance.
The RX 470 was manufactured by AMD and released in 2016. It is equipped with 4 GB of GDDR5 VRAM memory clocked at 1650 MHz which is 6600 MHz effective. The GPU consumes at most 120W. One of the most profitable coins to mine using RX 470 is MOAC. Assuming that the electricity cost is $0.10 per kWh you can get at most $1380290.34 profit daily.
Summarizing, the GPU can be used for cryptocurrency mining but there may be a better option available.
Most profitable coins to mine:
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| Coin | Profit (daily) | Algorithm | Power consumption | Hashrate |
|---|---|---|---|---|
 MOAC | $1380290.34 | Ethash | 120W | 28.50 Mh/s |
 GRIN | $1.86 | Cuckatoo32 | 120W | 0.13 h/s |
 Neoscrypt (MPH) | $0.10 | NeoScrypt | 140W | 700.00 Kh/s |
| Kawpow (MPH) | $0.04 | Kawpow | 150W | 14.50 Mh/s |
| Ethash (MPH) | $-0.07 | Ethash | 120W | 28.50 Mh/s |
| Zhash (MPH) | $-0.07 | Zhash | 110W | 19.00 h/s |
 RVN (nanopool) | $-0.10 | Kawpow | 150W | 14.50 Mh/s |
 Ravencoin (F2) | $-0.13 | Kawpow | 150W | 14.50 Mh/s |
 Kawpow (NiceHash) | $-0.13 | Kawpow | 150W | 14.50 Mh/s |
 Ravencoin (2miners) | $-0.13 | Kawpow | 150W | 14.50 Mh/s |
 Kawpow (Mining-Dutch) | $-0.14 | Kawpow | 150W | 14.50 Mh/s |
| ERG (nanopool) | $-0.15 | Autolykos2 | 110W | 53.00 Mh/s |
 ERG | $-0.16 | Autolykos2 | 110W | 53.00 Mh/s |
| Ergo (2miners) | $-0.16 | Autolykos2 | 110W | 53.00 Mh/s |
| Autolykos2 (NiceHash) | $-0.16 | Autolykos2 | 110W | 53.00 Mh/s |
 X25X (Zpool) | $-0.16 | X25x | 75W | 670.00 Kh/s |
| Equihash(125,4) (Zpool) | $-0.17 | Equihash(125,4) | 110W | 14.00 h/s |
 SUMO | $-0.17 | CryptoNightR | 120W | 665.00 h/s |
 Randomx (MRR) | $-0.18 | Randomx | 80W | 350.00 h/s |
 BitcoinZ | $-0.18 | Zhash | 110W | 19.00 h/s |
| Ethash (MRR) | $-0.18 | Ethash | 120W | 28.50 Mh/s |
 Bitgem | $-0.18 | Zhash | 110W | 19.00 h/s |
| Randomx (NiceHash) | $-0.18 | Randomx | 80W | 350.00 h/s |
| Monero (2miners) | $-0.18 | Randomx | 80W | 350.00 h/s |
 Randomx (MO) | $-0.18 | Randomx | 80W | 350.00 h/s |
| XMR (nanopool) | $-0.18 | Randomx | 80W | 350.00 h/s |
| Zhash (NiceHash) | $-0.19 | Zhash | 110W | 19.00 h/s |
| Bitgem (2miners) | $-0.20 | Zhash | 110W | 19.00 h/s |
| Flux (2miners) | $-0.20 | Equihash(125,4) | 110W | 14.00 h/s |
| neoscrypt (Zpool) | $-0.21 | NeoScrypt | 140W | 700.00 Kh/s |
 Flux | $-0.21 | Equihash(125,4) | 110W | 14.00 h/s |
| Ethash (NiceHash) | $-0.21 | Ethash | 120W | 28.50 Mh/s |
 Ethash (#Prohashing) | $-0.22 | Ethash | 120W | 28.50 Mh/s |
 Zclassic-ZCL | $-0.23 | Equihash(192,7) | 120W | 12.80 h/s |
| Grin (2miners) | $-0.25 | Cuckatoo32 | 120W | 0.13 h/s |
![Veles[x16r]](/assets/img/coins/vls.png){kind=small} Veles[x16r] | $-0.27 | X16R | 130W | 9.90 Mh/s |
| Cuckatoo32 (NiceHash) | $-0.29 | Cuckatoo32 | 120W | 0.13 h/s |
| Cryptonightr (NiceHash) | $-0.29 | CryptoNightR | 120W | 665.00 h/s |
| Neoscrypt (Mining-Dutch) | $-0.30 | NeoScrypt | 140W | 700.00 Kh/s |
| Neoscrypt (NiceHash) | $-0.30 | NeoScrypt | 140W | 700.00 Kh/s |
| X16R (Zpool) | $-0.30 | X16R | 130W | 9.90 Mh/s |
| X16R (NiceHash) | $-0.31 | X16R | 130W | 9.90 Mh/s |