Getting a maximum in Ethereum mining on Nvidia GTX 1060 in 2017

If you don’t want to pay more for the NVIDIA GeForce GTX 1070 graphics card you might want to look at the NVIDIA GeForce GTX 1060.

So today we are going to be looking at the lower cost GeForce GTX 1060 graphics card. This card in-stock for purchase at most retailers and prices start around 216 euro in Europe ($220 in US) for a 3GB version and 295 euro ($300 in US) for a 6GB version and depending on the model you should have a default hashrate of around 15-19 MH/s.

Once you overclock the memory you should be able to get the hashrate on the GTX 1060 up to around 19-20 for the cards with 3GB and around 22-23 on most cards with 6GB. With six of these cards in a mining rig you are looking at roughly 117-135 MH/s for your 1300 - 1770 euro investment ($1320 - $1800 in US) in buying six GeForce GTX 1060 video cards. If you are lucky you might be able to hit up to 24 MH/s if you get some decent overclockers!
Getting a maximum in mining on Nvidia GTX 1060 in 2017

We did some testing on the Gigabyte GeForce GTX 1060 WINDFORCE OC 3GB video card on Claymore’s Dual Ethereum AMD+NVIDIA GPU Miner v9.8 and got some pretty interesting results that we wanted to share with you. We also used the EVGA Precision X OC utility for overclocking.

This is the hashrate that we had by default without applying any overclocking:
Ethereum mining on Nvidia GTX 1060 in 2017


Below you can find the results that we had for memory overclocking. The temperature, fan speed and the power target were more or less the same: 68°C (154 F), 46% for fan and 100% power target.

Note that for the Estimated GPU power we just subtracted the overall power consumption at the wall outlet of the system at idle from the overall system power number while mining.

Memory offset System power Est. GPU power Hashrate
0 (Default) 130 60 15.5
+500 135 65 18.8
+600 140 70 19.3
+700 145 75 19.7
+800 150 80 20.3
+900 165 95 20.8
We managed to overclock the Gigabyte GeForce GTX 1060 cards memory up to +900 MHz! Our hashrate mining Ethereum went from 15 Mh/s to almost 21 Mh/s! Most impressive was the fact that the GeForce GTX 1060 was only using 60 to 95 Watts of power our temperatures were 68C or lower and the fans were pretty quiet. Our card didn’t like running the 3GB of GDDR5 memory at +900 MHz for long periods of time and we started to get artifacts on the screen, so we lowered it down to +800 MHz as that was rock solid.

So we found the memory offset for our Gigabyte GeForce GTX 1060.

The next step is to try to reduce the power consumption by lowering the power target in EVGA Precision X OC.

Power target System power Est. GPU power Hashrate Temperature Fan speed
90 145 75 20.3 67 45
80 135 65 20.2 66 44
70 125 55 20.1 63 42
60 112 42 20.0 61 33
By lowering the power target we managed to go from 150 Watts of power at 20.8 Mh/s to just 112 Watts of power at 20 MH/s. As you lower the power target the hashrate does take a slight performance hit, but loosing roughly 0.8 MH/s for cutting the power use by 38 Watts is pretty slick. We also managed to drop our temperature from 70C down to 60C and the fan speed from 50% to 30% that brings the silence to the mining!
Overclocking Nvidia GTX 1060 for Ethereum mining in 2017

Hashrate for overclocking Nvidia GTX 1060 for Ethereum mining in 2017

So, we are mining Ethereum getting 20 MH/s on a system using 112 Watts (GPU uses in mining 42 Watts) of power with almost no fan noise. That is pretty good results!

But let's look at the profit from our not overclocked GeForce GTX 1060 with 3GB of memory.

Maximum profit for Ethereum mining on Nvidia GTX 1060 in 2017

The profit from our overclocked GeForce GTX 1060 with 60% of power target.

Maximum profit for Ethereum mining on overclocked Nvidia GTX 1060 in 2017


In the 2017 reality, the mining on one GeForce GTX 1060 that has the memory overclocked will make you about 140 euro ($169) a year in profit based on Ethereum prices today ~209 euro ($250). Lowering the power target will reduce your power bill by a 16 euro ($20) a year, but it means you’ll mine slightly less a year. If you don’t care about the power bill, heat and noise you are still best off leaving the power target close to 100%, but if you want silence and less heat in your home lowering the power target isn’t a bad idea.

Please check this profitability calculator yourself because the difficulty and the rate of Ethereum are always changing and don't forget to enter your correct price for the electricity to see more accurate results.

Of course making 140 euro ($169) per year is not an impressive result at all, but it is a reality in September 2017. And it means that you can return your investments in the Gigabyte GeForce GTX 1060 WINDFORCE OC 3GB in 18 months of Ethereum mining.

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