NVIDIA released the new RTX series. In this article, we look at the card’s mining performance and see how it compares to its predecessor and rival, the AMD RX 5700 XT and RX 5700 GPUs. We also make some price comparisons with its closest competitors to help you decide if this GPU is worth mining Ethereum with or not.
The New NVidia GPU
The Nvidia RTX 3050 is a brand new GPU released on January 26th, 2022. This card is based on the Ampere GA106 GPU and offers up to 2.3 times the performance of the previous generation GTX 1050 Ti. The big question on everyone’s mind is: how does it stack up for mining? Let’s take a look.
Turing and CUDA cores
The NVIDIA RTX 3050 is a new budget GPU set to release later this year. It features 2GB of GDDR6 VRAM, 48 Turing CUDA cores, and a boost clock of up to 1.455GHz. According to early benchmarks, the RTX 3050 is about 10% faster than the GTX 1650 and 20% slower than the RTX 2060. However, its power efficiency and price point set this GPU apart.
The NVIDIA RTX 3050 features 8GB of GDDR6 VRAM with a 256-bit memory bus. This gives the card a total memory bandwidth of 256GB/s. That’s twice the bandwidth of the previous generation GTX 1060, shown in both synthetic and real-world benchmarks.
Mining Hash Rates & Profitability
The NVIDIA RTX 3050 is an excellent option for anyone interested in mining. It has a hash rate of 2.1 GH/s and is one of the most efficient cards on the market, making it a great choice for miners. The card is also very affordable, making it a great option for budget-minded miners.
While GPU cryptocurrency mining has revolutionized the crypto industry, I believe CPU-mined coins still have a role to play, particularly when incentivizing the adoption of renewable energy, targeting regions with high solar reliability indices, for instance, Africa and South East Asia.