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Nvidia teases a massively improved RTX 3080, but will it be good for mining?

Nvidia teases a massively improved RTX 3080, but will it be good for mining?

Nvidia is about to launch the following technology of its well-liked RTX sequence of graphics playing cards on  Sep. 17. One in every of these would be the RTX 3080, which comes because the mid-range card amongst its friends the 3090 and 3070.

Nonetheless, the efficiency of the cardboard is about to eclipse the efficiency of the earlier technology’s equal, the RTX 2080 Ti. In keeping with Tom’s {Hardware}, the GPU is promised to be “twice as quick” because the final technology by Nvidia and its uncooked specs recommend that the positive factors might even be larger. All of this whereas the value is about to stay the identical at $700. The RTX 3090 seems to be a much less environment friendly mannequin when it comes to efficiency to price ratio, with twice the value however solely a 20% efficiency achieve.

However all of those figures apply to gaming, not essentially mining. AMD has historically been dominant on this sector as its playing cards usually obtain larger hashrates per Watt or unit price.

The RTX 2080 Ti usually benchmarks decrease even in comparison with its predecessor, the 1080 Ti. A part of that is because of the particular nature of those playing cards. The RTX sequence focuses on offering innate ray tracing capabilities, which may be very helpful for high-end gaming however does nothing for miners.

Philip Salter, head of operations at Genesis Mining, instructed Cointelegraph what the RTX 3080 might imply for the mining trade:

“What hashrate the 3080 can do stays to be seen. In concept, Ethereum hashrate could be 60%-70% sooner, should you look solely at reminiscence bandwidth. The marketed 1 TB/s of bandwidth has already been delivered by AMD with the Vega VII, and you’ll attain 100 MH with that card.”

However he defined that reaching such hashrates requires optimizing the reminiscence timings for Ethereum mining. That may solely be executed by altering settings within the GPU’s VBIOS, an inner firmware. “Nvidia doesn’t help you use customized VBIOS mods nevertheless, so you’ll be caught with the reminiscence timings which might be set by the producer,” Salter added.

Nvidia might launch an official VBIOS mod to boost Ethereum mining, however to this point this hasn’t occurred.

Along with the efficiency points, the pricing can also be prone to be an issue. Nvidia has a “robust place within the gaming market” and the value of its playing cards usually displays that, Salter mentioned. The premium for the ray tracing cores additionally contributes to souring the deal for miners.

“In the long run, the 3080 will in all probability not be capable to beat AMDs providing of inexpensive, tunable GPUs for mining,“ he concluded. Nonetheless, ought to the present Ether (ETH) value rally proceed, demand for GPUs could develop into so giant that Nvidia playing cards might immediately develop into engaging, just like the way it occurred throughout the 2017 bull market.

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