Geforce GTX 1060 Mining: Overclocking and Testing

Geforce GTX 1060

Geforce GTX 1060 mining

Geforce GTX 1060 official specification:

  • GPU architecture: Pascal.
  • RAM speed: 8 Gbps.
  • Boost frequency: 1.4x (1708 MHz).
  • CUDA core: 1280 for 6 Gb GPU and 1024 for 3 Gb GPU.
  • RAM: 3 or 6 Gb.

In this article we will test Nvidia GTX 1060 mining hashrate for various algorithms. Unfortunately, the 3 GB GPU version will be available for Ethereum production only until 2019.

After that, 3 GB GPUs will not be able to store the growing ETH DAG-file. Therefore, we will test the 3 GB model only for Zcash (Equihash) mining.

GTX 1060 6Gb stock settings and overclocking

In March Nvidia introduced GeForce GTX 1080 Ti and announced 2 updates – GeForce GTX 1060 with 9 Gbps and GeForce GTX 1080 with 11 Gbps. Two new GPUs with increased video memory attracted a lot of attention. GTX 1060 with 9 instead of 8 GHz GDDR5 looked quite promising also. Actually, we are talking about ASUS GeForce GTX 1060 OC 6GB 9Gbps which will be tested for mining.

GTX 1060 6Gb stock settings and overclocking

The GTX 1060 6Gb has a rather high run-off frequency, but the fun begins after the overclocking. Compared to GTX 1050 Ti, the GTX 1060 has an amazing overclocking potential. We use the BK Gigabyte Geforce GTX 6 Gb on a 2-core processor and miners: Claymore AMD + NVIDIA GPU Miner v9.6, EWBF’s CUDA Zcash miner and Nvidia Optimized Ethminer and NiceHash.

ETH hashrate amounted to 19 MHS / sec at a power consumption of 100W and GPU temperature at 68 degrees Celsius.

We managed to overclock GPU’s memory to 4700 Mhz (+925 Mhz) – such overclocking can be achieved only with MSI Afterburner or similar, which raised ETH production hashrate up to 23.7-25 MHS / sec. At the same time, the power consumption increased to 120W.

All this makes the Geforce GTX 1060 card one of the most profitable GPUs for mining, considering today’s price, mining difficulty and electricity cost of 0.1 $ per kWh. At this stage, it’s worth mentioning that GTX 1060 cooling system excels at keeping the GPU temperature at 56-60 degrees Celsius at 65% fan speed. The GPU could be boosted further, the hashrate increased, but the mining process became unstable.

GTX 1060 for ETH and ZEC mining

This model uses a faster Samsung GDDR5 memory which makes in attractive for Equihash and Ethash mining. We wanted to test ETH and ZEC mining, despite the fact that the GTX 1060 memory bus is only 192 bits, and this turned out to be a very limiting factor. The question is how the GTX 1060 will be able to compete with the GTX 1070, which uses a slower GDDR5 memory, overclocked to 8GHz (that is, to the GTX 1060 standard frequency), although a 256-bit bus and a significantly higher number of CUDA cores is used.

ETH productivity using the latest Claymore ETH miner left us at nothing – only 17 MHS with factory settings. Although, given the 192-bit bus, we were waiting for a worse result, but hoped that overclocked memory would compensate for the loss. The GTX 1070 demonstrated about 25 MHS with the factory settings, but the performance can be increased by memory overclock. Overclocking GTX 1060 9Gbps ​​helped, but the results still could not exceed 19 MHS.

GTX 1060 for ETH and ZEC mining

ETH productivity using the latest Claymore ETH miner left us at nothing – only 17 MHS with factory settings. Although, given the 192-bit bus, we were waiting for a worse result, but hoped that overclocked memory would compensate for the loss. The GTX 1070 demonstrated about 25 MHS with the factory settings, but the performance can be increased by memory overclock. Overclocking GTX 1060 9Gbps ​​helped, but the results still could not exceed 19 MHS.

GTX 1060 for ETH and ZEC mining

Zcash mining (ZEC) turned out to be a bit better – about 300 Sol/s with factory settings using a EWBF ZEC miner for GTX 1060 9Gbps, ​​while GTX 1070, of course, showed a much better result – 400+, up to 450- 460. It seems that 9 GB of memory in the GTX 1060 does not really affect mining performance, making it more suitable for gamers. Given that the cost of the GTX 1060 9Gbps ​​is not much higher than the GTX 1070, there is no point to go for a larger memory, because the performance difference is very small.

GTX 1060 power consumption reduction

If you have high electricity rate in your area, you may want to reduce the GPU power consumption in addition to its overclocking. By lowering the “Power target limit”, you will see your hashrate decrease, but hashrate decrease is less intense power consumption reduction. For example, by reducing the “Power target” by -30% (70% of the nominal value), you lose only 0.3 MHS/ ec, which means that your GPU will now issue 23.5-24.7 MHS/sec consuming only 80 watts.

Make sure that you left the memory frequencies overclocked to 4700 MHz (+925). Even with an average electricity rate amounting to  $ 0.1 per kW/h, a reduction in GPU power consumption will be a profitable step. Also do not forget that reducing the GPU power consumption you also reduce its temperature (in our case, up to 58 degrees Celsius).

Gigabyte Geforce GTX 1060 6GB boosted mining performance

Ethereum mining (Claymore’s):

  • Hashrate: 23.5 MHS/s
  • Frequency: +107 MHz / + 918 MHz
  • Power Limit: 65%
  • Energy consumption: 75W

Ethereum miner (Nvidia Optimized Ethminer):

  • Hashrate: 25 MHS/s
  • Frequency: + 100 MHz / + 935 MHz
  • Power Limit: 65%
  • Energy consumption: 80W

Dual mining Ethereum + Decred (Claymore’s):

  • Hashrate: 22.7 MHS /s ETH + 227.5 MHS /s Decred
  • -Frequency: +107 MHz / + 918 MHz
  • Power Limit: 80%
  • Energy consumption: 95W

Dual mining Ethereum + Siacoin (Claymore’s):

  • Hashrate: 22.7 MHS /s ETH + 227.5 MHS /s Siacoin
  • Frequency: +107 MHz / + 918 MHz
  • Power Limit: 80%
  • Energy consumption: 95W

Zcash mining without overclocking and lowering the power limit (EWBF’s):

  • Hashrate: 295 Sol/sec
  • Frequency: +0 MHz / + 0 MHz
  • Power Limit: 100%
  • Energy consumption: 130W

Zcash mining with overclocking lowering the power limit (EWBF’s):

  • Hashrate: 320 Sol / sec
  • Frequency: +107 MHz / + 926 MHz
  • Power Limit: 85%
  • Energy consumption: 100W

NiceHash mining:

  • NeoScrypt (experimental): 0.413 MHS / sec (~ 0.000361 BTC per day)
  • Lyra2Rev2 (ccminer): 21.32 MHS / sec (~ 0.000524 BTC per day)
  • Dagger-Hashimoto (ethminer): 21.45 MHS / sec (~ 0.00076 BTC per day)
  • Decred (ccminer): 1.655 GHS / sec (~ 0.000526 BTC per day)
  • LBRY (ccminer): 0.18 GHS / sec (~ 0.0006 BTC per day)
  • Equihash (excavator): 280 Sol / sec (~ 0.000616 BTC per day)
  • Pascal (excavator): 0.618 GHS / sec (~ 0.000235 BTC per day)
  • X11 Ghost (ccminer): 4.895 MHS / sec (~ 0.000351 BTC per day)
  • X11 Ghost (ccminer Alexis): 8.193 MHS / sec (~ 0.000588 BTC per day)

Mining Rig Monthly Profit (6x Geforce GTX 1060 6GB):

  • Ethereum + Decred dual mining
  • Ethereum hashrate: 136 MHS/s
  • Decred hashrate: 1365 MHS/s
  • 6x GTX 1060 power consumption: 650W (power unit recommended – 850-1000W).
  • Electricity cost: $ 46 per month
  • Current profit (considering electricity cost): 265.1 $ (July 16, 2017)

Ethereum + Siacoin dual mining:

  • Ethereum hashrate: 136 MHS/s
  • Decred hashrate: 1365 MHS/s
  • 6x GTX 1060 power consumption: 650W (power unit recommended – 850-1000W)
  • Electricity cost: $ 46 per month
  • Current profit (considering electricity cost): 262.7 $ (July 16, 2017)

Zcash mining

  • Zcash hashrate: 1920 Sol/s
  • 6x GTX 1060 power consumption: 700W (power unit recommended – 850-1000W)
  • Electricity cost: $ 46 per month
  • Current profit (considering electricity cost): 298 $ (July 16, 2017)

It should be noted that 3GB GTX 1060 demonstrates excellent results for Zcash mining. At runoff frequencies, this GPU produces about 300 Sol / sec in the most efficient algorithm, the EWBF’s Zcash miner. To date, if you buy video cards at inflated prices, the GTX 1060 (ETH mining) ROI is 267 days (almost 9 months!). This is considering power consumption with electricity costs amounting to 0.1 $ per kWh/h and without taking into account equipment cost such as motherboard, processor, power supply for mining rigs and so on.

As you know, different manufacturers produce different versions of video adapters for GTX 1060. Samsung memory GPUs usually have a higher hashrate than Hynix memory GPUs. The Gigabyte GTX 1060 does not cause any problems with working under load, and in most cases, especially if you reduce the power consumption limit, it will work with the fans turned off.

Choosing between GTX 1060 and GTX 1070

We will compare the GPUs using Ethash (Ethereum, Ethereum classic) and Equihash (Zcash, Zcash classic) algorithms. These algorithms are popular among miners as the currencies keep going up.

We are choocing between Geforce GTX 1060 and Geforce GTX 1070. I Just like with Radeon, expensive is not necessarily the best. The best results were demonstrated by Radeon RX470 and Geforce GTX 1060.  Geforce GTX 1060 turned out to be the most practical GPU for mining in the price/ hashrate ratio.

Geforce GTX 1060 3-6 Gb (192 bit) GDDR5 1152-1280 1506 Mhz 2002 Mhz 16 nm 120W 1x6Pin
Geforce GTX 1070 8 Gb (256 bit) GDDR5 1920 1506 Mhz 2002 Mhz 16 nm 150W 1x8Pin

I would also like to draw your attention to the fact that the Geforce GTX 1070 has an 8-pin power connector, so this should be taken into account when buying a power supply unit. And this may cause additional costs, which in the future will have to be paid off.

Once again, all GPUs were tested in run-off (standard, not overclocked) state, as upgrading and overclocking cancels your warranty.

The table below shows GPU parameters Ethash and Equihash hashrate respectively:

Geforce GTX 1060 GeForce GTX1060 Palit Dual PCI-E 3072Mb  20 Mh/s  290 H/s
Geforce GTX 1070 GeForce GTX1070 Palit Dual PCI-E 8192Mb  28 Mh/s 420 H/s

Please note the price difference between GTX 1060 and GTX 1070. If the first costs around 230 usd, the second costs 400+ usd. Radeon difference was about 70 usd. Perhaps, for gamers  it  is justified, but not for miners.

Below is a profit table (with and without electricity cost):

Geforce GTX 1060 154 days (19.4% per month) 130 days (23% per month)
Geforce GTX 1070 185 days (16.2% per month) 162 days (18.5% per month)

Nvidia power consumption is similar to Radeon, but the hashrate is higher. See the table below:

Rig

Power consumption Rig price (CU) Ethash hashrate Equihash hashrate Usd/Mh (ethash)

Usd/Mh (equihash)

4*GF1060 700W 1250 usd 80 Mh/s 1160 H/s 797 55
4*GF1070 850W 2150 usd 112 Mh/s 1680 H/s 967 64.5

GF1060 has the lowest  Equihash hashrate (it is considered to be the most profitable mining algorithm at the moment). Radeon RX470 price is 1.2 usd, but Radeon RX470 demonstates a better price for Ethash. This may be relevant due to the latest Ethereum price leap.

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