Sunday, September 25, 2022

Nvidia’s GeForce RTX 3080 is a good choice for crypto miners but comes with power consumption issues

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Digital marketing and transactions have been the go-to norm of our society due to the sudden outburst of Covid-19. The consumer spending curve has been shifted, and more and more people are being driven towards spending digitally. As such, the rise in demand for cryptocurrency is inevitable. The currency was already a hot topic among many digital transaction service providers, and it looks like, with the upcoming advanced processors, the value of cryptocurrency is only surging high.

The recent cryptocurrency mining benchmarks results of NVIDIA GeForce RTX 3080 indicate a card is a compelling option for cryptocurrency miners. Especially for those looking to mine Ethereum. According to sources, the GeForce RTX 3080 delivers nearly 75 MH/s under DaggerHashimoto. But when the card is overclocked, its performance jumps to 93 MH/s.

Reports indicate that GeForce RTX 2080 Ti only turns in 54 MH/s, while the older flagship GeForce GTX 1080 Ti manages around 30 MH/s. The GeForce RTX 3080 comes at a lower price tag and with a high hash rate. It could very well turn into a favorable choice for crypto miners in 2021. But there is only one problem that the miners will face. The problem is high power consumption.

The graphics card has a 320W TDP, which is one of the highest which is currently available in the market. It is about 70W higher than the GeForce RTX 2080 Ti. And if the users manage to overclock the card, then it can easily consume 400w of power. The card is a really great choice for crypto miners. But it’s unfortunate to see the high power consumption, which can cause many miners to have a hard time playing around to manage the power consumption.

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

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