RTX 3050 Crypto Mining Performance Is TERRIBLE–Great News For Gamers?

RTX 3050 Crypto Mining Performance Is TERRIBLE–Great News For Gamers?

The RTX 3050’s crypto mining efficiency is wanting a little bit sub-par, in keeping with early Ethereum mining assessments.

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rtx 3050

An early leaked ETH mining benchmark from China allegedly reveals that the brand new NVIDIA RTX 3050 will not be wager for cryptocurrency mining. TechRadar studies that the cardboard can solely handle a paltry 13.66 MH/s at 57W of energy, with the utmost hash price at a mere 20 MH/s.

The benchmark was leaked by Twitter consumer wxnod:

 

Furthermore, it is usually said that the cardboard will possible ship with a Light Hash Rate (LHR) characteristic to additional deter the miners from snapping up the cardboard’s shares.

With a hash price this low, utilizing a 3050 to mine ETH at its present value will not be cost-effective. It will take a miner round properly over a yr (500 days, to be actual) simply to recoup the cardboard’s unique price, contemplating its $249 MSRP.

Things could possibly be even worse if the cardboard begins retailing at a a lot larger value, say $350 within the US. That means you will must mine for 2 years simply to recoup the cardboard’s unique price, in keeping with VideoCardz.

Considering how the following card up within the tier (the 3060) can web you virtually double the hashrate (24 MH/s), all with out overclocking, this makes the 3050 a really unappealing card for cryptocurrency mining.

NVIDIA formally introduced the 3050 throughout CES 2022, making it the primary 50-class GPU to supply ray tracing capabilities, as per PCGamesN. The card can be touted to help DLSS for higher efficiency with little to no visible high quality loss.

For now, the one concern with the 3050 is its total provide. Team Green is scheduled to launch it on January twenty seventh, barring any additional delays.

Read additionally: RTX 3090 Ti: Nvidia GeForce’s Latest Graphics Card Leaks Ahead, Shows Massive Specs and Price

Weak RTX 3050 Crypto Mining Performance: Enough To Deter Miners And Keep Costs Down?

There’s not quite a lot of confidence about NVIDIA’s strategies of attempting to discourage cryptocurrency miners from shopping for up each RTX card they might discover. They’ve been doing so for the reason that RTX 30 sequence was launched late final yr, to no avail.

Perhaps the most important failure that they had was the crypto mining lock and the “Lite Hash Rate” (LHR) variations of mid-range to high-end 30-series playing cards. Most notably, NVIDIA themselves circumvented the mining limiter on the 3060 (by way of Tom’s Hardware), and the LHR variations did not actually deter the miners from shopping for.

Best Buy GPU Restock: NVIDIA RTX-30 GPUs Could Likely Come on October 1

(Photo : Christian Wiediger from Unsplash )
According to latest rumors, Best Buy will drop shares for RTX 30 graphics card on October 1. Here’s how one can acquire the GPU from the retailer big.

If these conditions are any indication, the RTX 3050’s crypto mining efficiency will not be sufficient to maintain miners away.

Furthermore, there’s nonetheless the issue relating to the continued chip scarcity. Last yr, Team Green principally assured that players would get graphics playing cards this yr as provide traces “appeared lean.” But for the reason that scarcity continues to be ongoing, the scalper situation stays: low provide means larger costs. That’s how the market is as of this second.

For extra updates on this story, simply examine again right here at Tech Times.

Related: NVIDIA GeForce RTX 3050 Ending the Miner Era for GPUs? Budget-Friendly Anti-Miner Graphics Card

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Written by RJ Pierce

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