Assets, Ethereum

How Much Ethereum Can a 1060 Mine?

As of July 2019, the short answer is that a Nvidia 1060 6GB GPU can mine about 0.5 ETH per month.

This is assuming all conditions stay the same, including mining difficulty, ETH price, and power costs. Your actual results may vary.

The longer answer is a bit more complicated. Let’s start with a basic explanation of how Ethereum mining works. Miners are rewarded with ETH for verifying and committing transactions to the Ethereum blockchain.

In order to do this, they need to solve complex mathematical problems using their mining hardware. The difficulty of these problems adjusts over time so that miners find a roughly equal number of blocks per day no matter how much total mining power is on the network.

Right now, there are about 16 million ETH in circulation. That means that if everyone with a 1060 6GB GPU mined for 24 hours a day, they would collectively find about 1,000 blocks per day and receive 1,000 ETH per day (minus fees).

NOTE: WARNING: Mining Ethereum with a 1060 GPU is not recommended. The 1060 is not powerful enough to produce a significant amount of Ethereum and is likely to lead to losses in the form of electricity costs. It is best to use more powerful GPUs for mining Ethereum, such as an AMD Radeon RX 580 or higher.

That works out to about 30 ETH per month or 0.5 ETH per day.

Of course, not everyone has 24 hours a day to mine, and not all 1060 6GB GPUs are created equal. Some may be overclocked for better performance while others may be running less efficiently due to lower quality components or poor cooling.

In addition, miners must pay for electricity, and electricity costs vary widely depending on where you live. All of these factors will affect your profitability.

The bottom line is that if you have a 1060 6GB GPU and you want to mine Ethereum, you can expect to make about 0.5 ETH per month at current prices and difficulty levels.

However, your actual results may vary depending on a variety of factors.

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