Good news for gamers, the upcoming RTX 3050 card looks terrible for Ethereum mining

A blow for Ethereum mining

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Recently leaked Ethereum mining performance from China spells out some promising news for gamers looking to net the upcomingNvidia GeForce RTX 3050graphics card.

It seems that the card will most likely ship with the Lite Hash Rate algorithm, as the hash rate goes from about 20 to 12.5 MH/s almost immediately while only using 73W in this benchmark. Leaker @wxnod further confirms this, as with different mining software, they only saw a hash rate of 13.66 MH/s at 57W.

pic.twitter.com/CF6s1r8b1BJanuary 21, 2022

Someofficial specshave already been revealed, such as theNvidiaGeForce RTX 3050 coming with 8GB GDDR6 memory and can achieve 18 TFLOPs of ray tracing performance, 73 TFLOPS of tensor AI performance, and 9 TFLOPs of shader performance. The graphics card will also feature 2nd generation RT Cores for ray tracing, and 3rd gen Tensor Cores for DLSS and AI.

Unfortunately, while the RTX 3050 is aiming for the affordable graphics card market,the ongoing chip shortagemost likely means that the MSRP will skyrocket thanks to scalpers.

Going by the current value of Ethereum as well as the suggested retail price of the RTX 3050 at $249 (about £185, AU$350), it would take 500 days for a miner to recoup the cost of the graphics card – assuming the price doesn’t go up after launch (which it probably will). Needless to say, that’s a pretty major risk for such a low-powered card.

The Nvidia GeForce RTX 3050, which was announced duringCES 2022, will go on sale on January 27, 2022.

ViaVideoCardz

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Named by the CTA as a CES 2023 Media Trailblazer, Allisa is a Computing Staff Writer who covers breaking news and rumors in the computing industry, as well as reviews, hands-on previews, featured articles, and the latest deals and trends. In her spare time you can find her chatting it up on her two podcasts, Megaten Marathon and Combo Chain, as well as playing any JRPGs she can get her hands on.

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