Currently ALEO has the 3 most profitable GPUs for mining cryptocurrencies.
ALEO is currently trading at $1.16 and its market capitalization is $300 million.
The mining of the ALEO cryptocurrency, the token native to the first layer (L1) network Aleo, is currently the most profitable cryptocurrency to mine with GPUs (graphics processing units).
Mining this crypto asset, which is ranked 231st in CoinMarketCap’s market capitalization ranking, can generate net income of up to $0.83 per day according to Whattomine.
Mining this cryptocurrency gets the maximum profitability using a GPU GeForce RTX 4090 from Nvidia, released in October 2022. This processor has a rate of hash of 1.40 Mh/s (megahashes per second) and an electrical consumption of 280 volts, according to data from Whattomine. The price of this GPU is $1,800, and the payback time (ROI) is estimated at around 5 and a half years, although this period It will depend on the value of the currency and also the cost of electricity.
The calculation of these profits at the Whattomine site was done with an estimated energy price of $0.10. The better the electricity costs, the more profitable the GPU.
In addition, given that it is usual to use more than one GPUand although this will not shorten the return on investment times, it will increase income levels in the long term.
two others cost-effective GPUs to mine ALEO are the GeForce RTX 4080 Super and GeForce RTX 4080. These GPU They generate net returns of around $0.51 and $0.44, and are valued at $990 and $1,332, respectively.
GPUs are designed to run thousands of cores simultaneously, allowing multiple calculations to be performed in parallel. This architecture is highly efficient for computational tasks, but consumes significant amounts of energy due to the need to power and keep all these cores running.
Searching for the future “gem” with GPU mining
In the past, mining with GPU It used to be more accessible and profitable for individuals. The insertion of the ASICs (application specific integrated circuits) has made cryptocurrency mining difficult for miners, especially small ones.
Reviewing the profitability of the GPU and of the ASICsthe latter are solidly more profitablerelegating the first. This is because ASICs perform calculations associated with a single mining algorithm for a specific cryptocurrency (such as SHA-256 in Bitcoin), allowing them to be much more efficient in terms of computing power per watt consumed.
Mining with GPU in an environment of low profitability compared to ASICs, it would therefore resemble a search for future “gems”. Miners could invest in emerging cryptocurrencies in the hope of future profits if the crypto asset saw an explosive increase in its price.
Mining a little-known cryptocurrency (assuming the inherent risks) with GPU on a home computer, and without the robust infrastructure required by ASICscan prove valuable if that currency experiences an explosive rise in value.
While that strategy can be lucrative if the right currencies are chosen, it also involves risks and requires patience and careful management of operating costs.
At the time of this writing, ALEO is trading at $1.16, according to CoinMarketCapand its market capitalization is almost $300 million.
