The launch of new graphics cards is always an important event not only for gamers but also for GPU miners. If you haven’t been living under a rock for the past few weeks you might be familiar with the latest NVIDIA graphics cards, the 3000 series. First gaming benchmarks are already out, but what about the mining performance?
NVIDIA GeForce RTX 3080 is an absolute beast when it comes to gaming performance. But for miners, the most important question is the computing performance vs. the price vs. power consumption.
NVIDIA GeForce RTX 3080 mining profits
Rumors have it that the RTX 3080 could hash at around 115 MH/s on the DaggerHashimoto algorithm (Ethereum). But these values were only evaluated based on the hardware data that was available at the time.
The first actual mining performance was confirmed to be at around 80 MH/s on the DaggerHashimoto algorithm. But it was not known what miner was used or if any overclocks were used.
Currently, we know that the 80MH/s is a stock performance with no overclocks and a power draw of around 300W. 3080 will currently hash at around 97MH/s and draw 250W with overclocks and 70% power limit.
How much money can NVIDIA 3080 Profit?
According to Minerstat, each RTX 3080 graphics card can generate between 6.35 USD and 9.15 USD a day (that’s including electricity cost and assuming today’s Ethereum pricing). This means that the whole system can generate between 15K to 21K USD a month.
The idea is that NiceHashMiner will choose whatever is currently the most profitable coin to mine, based on what people are willing to pay to lease your hardware. Sometimes a new coin will launch, or someone will want to dedicate a lot of mining power at a specific coin, and they’ll pay more to do so. Instead of mining Ethereum 24/7, you might occasionally run some other algorithm, and it’s all managed by the software, which usually (but not always) manages to do a good job.
There are two big downsides to mining via NiceHash. One is that you’re not actually getting Ethereum — not directly, at least. You’ll get paid in Bitcoin, which you can then trade for Ethereum if you want. That’s not necessarily a bad thing, considering BTC is the largest of cryptocoins, but if you want ETH you’ll need to take some extra steps. The other downside is that NiceHash takes a cut of the amount paid, and the net result is generally lower payouts than mining Ethereum yourself. How big is the difference? Currently, direct Ethereum mining should pay about 7% more than NiceHash. That’s a pretty big mining fee, though again the ease of use with NiceHash is hard to overstate.
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