The GeForce RTX 3070 Ti wasted no time in assaulting the higher echelons of our GPU benchmarks hierarchy. Is it the most effective graphics playing cards? Probably, if yow will discover one in inventory (it goes on sale June 10). But how does it fare as a cryptocurrency mining resolution? Not too effectively, assuming you are hoping to mine Ethereum. Other cash should still be viable, nonetheless.
Nvidia’s crackdown on Ethereum mining got here in the form of its improved anti-mining limiter. The algorithm works as meant and instantly gimps the GeForce RTX 3070 Ti’s hash price from round 80 MH/s all the way down to 40 MH/s as quickly because the Ethereum workload kicks in. The efficiency is mainly on the identical stage as Nvidia’s CMP 50HX unit, so it makes little sense for cryptocurrency miners to buy the GeForce RTX 3070 Ti — that’s, except somebody cracks Nvidia’s anti-mining mechanism.
The limiter solely singles out the Ethash and Dagger-Hashimoto algorithms, that means that the GeForce RTX 3070 Ti can nonetheless mine different cryptocurrencies with out hiccups. Our exams have proven that the Ampere graphics card stays a really adept miner for Ravencoin (KAWPOW) and Conflux (Octopus), and different algorithms like CuckooCycle can also present potential.
That means the GeForce RTX 3070 Ti is not a whole waste of silicon for cryptocurrency mining. It’ll simply require extra time to recuperate the preliminary funding.
The GeForce RTX 3070 Ti can at present do about $3.25 per day in earnings for the best coin, however solely about $2.25 per day for Ethereum. If the Ethereum anti-mining limiter did not exist, it could mainly double that to $4.50 per day. The cryptocurrency market is, after all, extraordinarily unstable. A month in the past, potential earnings would have been roughly double what we’re now seeing.
At present charges, we estimate an ROI across the six month mark. That’s if we lived in one other actuality the place there is no graphics playing cards scarcity, and the GeForce RTX 3070 Ti was really out there for $599. However, in the actual world, the graphics card will doubtless promote for 2 to a few occasions Nvidia’s MSRP, not less than on locations like eBay. If yow will discover one for much less, think about your self fortunate.
The backside line is that the GeForce RTX 3070 Ti won’t be the most effective mining GPUs. Hopefully, meaning there can be extra playing cards for avid gamers, although we suspect optimistic miners will nonetheless attempt to choose some up in hopes of discovering a workaround for the mining limiter. Then once more, mining earnings have typically plummeted over the previous month, so the large mining farms might maintain off on growth whereas they anticipate the subsequent mining wave to hit.