GeForce RTX 3080 Ti: Ethereum is not the only limited cryptocurrency, there are other Altcoins too

GeForce RTX 3080 Ti: Ethereum is not the only limited cryptocurrency, there are other Altcoins too

GeForce RTX 3080 Ti

New Nvidia GPU models, such as the GeForce RTX 3080 Ti, were created in order to limit cryptocurrency mining. This time, unlike what happened a few months ago with the RTX 3060s, it appears that miners are unable to get around this performance. In this way, the Hash rate of Ethereum and of several other Altcoins is halved.

From the first analyzes, it seems that the GeForce RTX 3080 guarantees you a hash rate of 57MH / s for mining. This is a far cry from the 120MH / s of the RTX 3090, but also of the 85MH / s of the RTX 3080, technically inferior GPUs. These neutered results hold true for Ethereum, the second most popular cryptocurrency in the world after Bitcoin, but also Ethereum Classic, Ergo and RavenCoin. One coin that doesn't seem to be hit by the limit, however, is ConFlux.

Miners have tried several ways to bypass the block, including trying to use the official Nvidia drivers that bypassed the 3060 block. imposed by Nvidia itself ...

In this way the technology giant is trying to limit the attractiveness of the new cards for mining. A practice that, with the arrival of the proof-of-stake controls of the new version of Ethereum, could become superfluous, since it will no longer be necessary to mine to obtain new coins. A factor that could free GPUs for recreational uses. and professional.

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NVIDIA GeForce RTX</a> 3080 Ti Nerfs Not Only Ethereum Hash Rate But Also Other Coin Algorithms

NVIDIA is hoping that applying a hash rate limiter to some of its graphics cards will help get more units in the hands of actual PC gamers, rather than miners, who the company is serving with CMP HX parts. The newly minted GeForce RTX 3080 Ti is one of those cards. It is not a great option for mining Ethereum (relative to the card's cost), and it looks like the hash rate limiter nerfs a few other cryptocurrencies as well.Hopefully this attempt works out better than it did for the GeForce RTX 3060. NVIDIA attempted to gimp mining performance for that card as well, but the effort was quickly undone when a developer driver that removed the hash rate limiter found its way to the web. It did not work for all graphics cards, but users reported success with a bunch a models from ASUS, EVGA, Gigabyte, and others.

Barring a repeat of that situation, the GeForce RTX 3080 Ti should not see much traction among miners, or at least those who want to mine Ethereum and few other digital currencies. A leaker on Twitter posted some preliminary mining results, which show ho-hum hash rates from such a powerful graphics card—just around 57MH/s for Ethereum, and 23MH/s for Ravencoin. Not bad in general, but also not great, given the amount of GPU horsepower. NVIDIA's limiter also restricts mining performance on Ethereum Classic and Ergo.

The results apply to mining efforts in both HiveOS and Windows, with the graphics card running at stock settings. It is noted that overclocking the GPU does increase the hash rate 'but not by much.' Additionally, the aforementioned developer driver does not get around the situation, and neither does a fan trick in HiveOS.

'No, the dev driver that works for the 3060 does not work for the 3080 Ti. If I try installing it I get BSOD. No, the HiveOS fan trick does not work,' the leaker wrote.

The other interesting wrinkle to note is that Ethereum is transitioning to a proof-of-stake model that is supposed to slash power use, and could potentially ease demand for GPUs in the mining sector. When that happens, Ethereum miners will no longer receive rewards for solving complex math equations. Instead, the network verifies the transactions (called blocks) based on a person's existing stake in Ethereum.

No more traditional mining, in other words, and by extension, there is no point in hoarding graphics cards to mine Ethereum, even if a hash rate limiter did not exist. That is why it is nice to see NVIDIA focusing its hash rate limiter on other digital coins, even if they are not as popular. It does not work across the board, though—the leaker notes seeing good results mining Conflux, which uses the octopus algorithm.

Unfortunately, none of this means it will be easy to buy a GeForce RTX 3080 Ti at MSRP. There is still a shortage of silicon in general, and as it applies to GPUs, miners are not the only reason graphics cards are rarely in stock. As a result, it took all of two seconds for opportunistic scalpers to list GeForce RTX 3080 Ti cards on eBay for stupid prices (twice the MSRP).If you are on the hunt for one, also beware of fake listings. Over on Amazon, a company called NIGUBAHU is attempting to sell ZHMIAO-branded products that seem to be counterfeit, such as a listing for a GeForce RTX 3090 card with images from an MSI-brand model, but with MSI's logos blurred out.

Your best bets at getting a graphics card right now are to (A) to your luck with Newegg's Shuffle, which is basically a raffle, (B) join EVGA's queue for whatever particular card you are interested in and then be ultra-patient, and (C) just be lucky, hoping that you happen to visit sites like Amazon and Best Buy when stock is available.

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