As a tech expert specializing in cybersecurity and cryptocurrency mining, I've compiled this definitive guide to the most profitable GPU-mineable coins for 2023. Based on extensive research and hands-on testing, these selections optimize for profitability, sustainability, and ASIC resistance.
Key Factors for Evaluating Mining Profitability
When assessing cryptocurrencies for GPU mining, I prioritize these critical metrics:
- Algorithm Type: ASIC-resistant algorithms (e.g., Ethash, KAWPOW) that favor GPU hardware
- Network Hashrate: Higher hashrate typically translates to more consistent rewards
- Mining Difficulty: Lower difficulty enables better profitability for individual miners
- Block Rewards: Coins with substantial block rewards offer better revenue potential
- Market Value: The cryptocurrency's price directly impacts mining profitability
- Energy Efficiency: Power consumption relative to output determines net profits
Top 6 Most Profitable GPU-Mineable Cryptocurrencies
1. Ethereum (ETH)
Despite its eventual transition to proof-of-stake, Ethereum remains the most profitable GPU mining option for early 2023:
- Algorithm: Ethash (ASIC-resistant)
- Hashrate: 30-100 MH/s depending on GPU
- Difficulty: ~8.5 TH (expected to rise)
- Block Reward: 2 ETH
- Current Price: $1,500
- Power Consumption: 100-150W per GPU
Top-tier GPUs like the RTX 3090 can generate over $5 daily mining ETH. While profitability will decline post-Merge, Ethereum remains the gold standard for GPU mining currently.
2. Ravencoin (RVN)
A standout for ASIC resistance and fair mining distribution:
- Algorithm: KAWPOW (highly ASIC-resistant)
- Hashrate: ~15 MH/s
- Difficulty: ~131 TH
- Block Reward: 5,000 RVN
- Current Price: $0.03
- Power Consumption: 50-80W per GPU
An RTX 3060 Ti can earn nearly $3/day mining RVN. Its sustainable algorithm and halving schedule make it an excellent long-term mining option.
3. Flux (FLUX)
Currently one of the most profitable emerging coins:
- Algorithm: ZelHash (ASIC-resistant)
- Hashrate: 50-60 MH/s
- Difficulty: ~3 GH
- Block Reward: 5,000 FLUX
- Current Price: $1.20
- Power Consumption: 50-100W per GPU
High-end GPUs can yield over $9/day mining FLUX. Its efficient algorithm and growing ecosystem position it well for 2023.
4. Conflux (CFX)
Notable for its rapid 4-second block times:
- Algorithm: Modified Ethash
- Hashrate: 47 MH/s (RTX 3060 Ti)
- Difficulty: ~48 TH
- Block Reward: 8 CFX
- Current Price: $0.06
- Power Consumption: 80-120W per GPU
👉 Maximize your mining profits with optimized GPU settings. With frequent block rewards, miners earn approximately $2.80 daily per 3060 Ti.
5. Monero (XMR)
The premier privacy-focused cryptocurrency:
- Algorithm: RandomX (CPU-optimized)
- Hashrate: 14-16k H/s (Ryzen 5 3600)
- Difficulty: ~14 GH
- Block Reward: 1.26 XMR
- Current Price: $150
- Power Consumption: 50-80W (CPU mining)
While best mined with CPUs, XMR remains highly profitable at ~$1.50/day for AMD processors, with strong privacy adoption driving demand.
6. Ergo (ERG)
An emerging smart contract platform with mining potential:
- Algorithm: Autolykos (ASIC-resistant)
- Hashrate: 165 MH/s (RTX 3090)
- Difficulty: ~19 TH
- Block Reward: 75 ERG
- Current Price: $3.65
- Power Consumption: 100-150W per GPU
An RTX 3090 generates ~$3/day mining ERG. Its technical foundations and active development make it a promising long-term mining option.
Additional Profitable Mining Options
The cryptocurrency mining landscape includes numerous other viable options:
- Ethereum Classic (ETC): Ethash algorithm, good fallback post-ETH Merge
- Firo (FIRO): Privacy-focused with ASIC-resistant MTP algorithm
- Bitcoin Gold (BTG): Equihash algorithm, maintains Bitcoin heritage
- Grin (GRIN): Mimblewimble privacy protocol with CuckooCycle algorithm
- Vertcoin (VTC): Dedicated to ASIC resistance with Lyra2REv3 algorithm
👉 Discover the best mining hardware for 2023. Each offers unique advantages for GPU miners, from privacy features to strong developer communities.
Mining Efficiency Optimization Strategies
To maximize your mining profits:
- Hardware Selection: Prioritize energy-efficient GPUs like RTX 3060 Ti or RX 6700 XT
- Overclocking: Carefully tune clock speeds for optimal hash rates
- Pool Selection: Choose reliable mining pools with low fees
- Power Management: Implement strategies to reduce electricity costs
- Heat Management: Ensure proper cooling for sustained performance
Frequently Asked Questions
What is the most profitable cryptocurrency to mine with GPU in 2023?
Ethereum remains the most profitable currently, though Ravencoin and Flux offer excellent alternatives, especially post-ETH Merge.
How much can you earn mining with one GPU?
Earnings vary by coin and hardware, but top GPUs can generate $2-$9 daily after electricity costs in early 2023.
Is GPU mining still profitable in 2023?
Yes, particularly for ASIC-resistant coins. While less profitable than previous years, careful coin selection and optimization can maintain profitability.
What's the best GPU for cryptocurrency mining?
The RTX 3060 Ti offers excellent efficiency, while the RTX 3090 provides maximum performance. AMD's RX 6700 XT also performs well.
How do I calculate mining profitability?
Use online calculators considering your hardware's hashrate, electricity costs, and current coin difficulty/price.
Will GPU mining die after Ethereum moves to PoS?
No. Many profitable ASIC-resistant alternatives exist, and new projects continue launching with GPU mining in mind.
Long-Term Outlook for GPU Mining
While ASICs dominate Bitcoin mining, numerous projects maintain ASIC resistance to preserve decentralized mining. The future of GPU mining depends on:
- Continued development of ASIC-resistant algorithms
- Adoption of alternative proof-of-work coins
- Energy efficiency improvements in hardware
- Market demand for privacy-focused cryptocurrencies
By staying informed and flexible, GPU miners can continue finding profitable opportunities in the evolving cryptocurrency landscape.