AMD RADEON R9 290X uses Graphics Core Next with 2816 stream processors with an engine clock of 1040MHz. It also has 4GB GDD$5 memory sitting on a 512 bit bus with more bandwidth that the original. With all of this said, it’s time to consider this GPU as an Ethereum miner.
Mining Etheruem involves handling complicated algorithms and computational processes and the quicker and more efficiently your mining rig is able to perform these calculations the better. Power consumption is a major factor when mining, too little power and your GPU may not be capable of handling the processes quickly enough, too much power and you may end up paying too much in energy costs to make a profit from your mining.
Let’s get a good look at the Radeon R9 290X as a potential mining GPU, and see how much it could be worth to miners. AMD has had a tough break with the misunderstanding of its Vega FE GPU after miners and gamers tried to use it despite the card being intended for Visualization specialist in various fields such as the medical industry. So AMD has to make a good impression on gamers and miners to continue trying to win them over.
GPU Features for Ethereum mining
: 290 W
Hash Rate : 22.0 MH/s
Power: 195 W
Hash Rate: 28.2 MH/s
Ref: EtherMining Reddit
Pros and Cons
It is true that AMD has been doing a lot these days. The company is trying to design the fastest GPU on the market while keeping it affordable.The 290X is the fastest in the 2xx series, and there could be a lot of potential with this card as a miner. The card itself is larger than those that came before it, with improved performance. It comes straight from the factory clocked at 1GHz however the company hasn’t released any direct information about the base clock.
AMD utilizes a very small memory interface, which allows them to use a 512 bit memory bus without using a very large card. The R9 290X has seen a lot of improvements, including a reduction in transistor leaks which improves the over all energy consumption of the card. AMD doesn’t say what the power consumption data for the 290X is, and when consulted about it they tend to provide a generic number in terms of a typical gaming session, which they claim is around 250W.
When it comes to mining, the R9 290X can definitely be used to mine Ethereum, however it isn’t the most profitable. It costs an average of #0.83 a day to power the card, and only yields around $0.85 in profit each day. It is also quite expensive, and will take 465 days to pay itself through mining.
Cooling is still an issue with the R9 290X, so it is best to use a fan and air conditioner if you are using this card. Any card for that matter can benefit from such a set up. As for mining Ethereum, the proftability isn’t the greatest with this card, and dozens of these would need to be used to see any real return.