Gamers rejoice: the Nvidia GeForce RTX 3050 looks bad for cryptomining

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Gamers rejoice: the Nvidia GeForce RTX 3050 looks bad for cryptomining

(Image credit: Nvidia)

Given the electric current state of the GPU market, where fifty-fifty ageing cards are selling for several times their MSRP and store stock evaporates every bit shortly equally it appears, you'd exist forgiven for thinking a new card volition be equally scarce.

But it looks like Nvidia has deliberately neutered the upcoming GeForce RTX 3050's ability to mine cryptocurrency in gild to deter miners, and increment the odds of the card ending upward in PCs that will actually exist used for gaming.

Co-ordinate to Videocardz "source in China," the RTX 3050 ships with a Lite Hash Rate algorithm which severely limits the rate at which the card can mine Ethereum. While it volition start mining with a hash rate effectually xx MH/south, it rapidly drops to 12.5 MH/s while consuming 73W of energy.

Assuming the RTX 3050 goes on sale at $250 (not unlikely given RTX 3060 stock theoretically costs $329), the site calculates that with the current value of Etherium, the card would take 500 days — or around a yr and four months — to recoup the cost involved. And if the current bout of GPU inflation were to up the price to $350, that would increase to 700 days (or a month shy of 2 years).

For people who but want a graphics bill of fare to game with, that'southward excellent news. And as Videocardz points out, the weak performance isn't the only thing that would make the RTX 3050 a poor investment for crypto miners.

With Etherum's switch to proof-of-stake mining — which aims to make GPU mining redundant and hopefully see a flurry of pre-owned cards hit the marketplace — scheduled for June 2022, it simply won't be worth a miner ownership a RTX 3050 if this Ethereum mining performance is matched in the real world, even if it were released tomorrow.

That's not to say that supply volition outstrip demand over night: supply chain problems are still a thing, as is the global chip shortage. But with cryptocurrency miners hopefully out of the picture (other coins don't offer the same ROI), the chances of actually getting a GPU for gaming are looking a lot improve in 2022 than they did in 2021.

Freelance contributor Alan has been writing about tech for over a decade, covering phones, drones and everything in betwixt. Previously Deputy Editor of tech site Alphr, his words are establish all over the web and in the occasional magazine too. When non weighing up the pros and cons of the latest smartwatch, you lot'll probably find him tackling his ever-growing games excess. Or, more than probable, playing Spelunky for the millionth time.

Source: https://www.tomsguide.com/news/gamers-rejoice-the-nvidia-geforce-rtx-3050-looks-bad-for-cryptomining

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