NVIDIA RTX 3080 Mining Profitability And Difficulty Rate

Jack

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Category: GPU

Nvidia RTX 3080 Mining Profitability

Contents

What Are The Graphics Specifications of Nvidia RTX 3080?

Like many miners, before you start mining, you first need to know the technical parameters and values of the GPU RTX 3080 you're looking to get. From understanding the RTX 3080 mining profitability, you also get to understand just how and why Zhen-Sun Huang can pull so much money globally. FYI, the first batch of these RTX 3080 cards literally crushed in a matter of hours after release. For better clarity, let’s back up a little and compare this new model with other models, including its previous flagship model RTX 2080.

a) NVIDIA GeForce RTX 3080

The biggest and most important question in any investment form is always whether the potential earnings are worth it. So, is the RTX 3080 worth mining? For miners to get an idea of their crypto mining income, in terms of average daily profit and annual profit, there are multiple factors to consider, such as its profitability, hash rate, using Ethereum and Bitcoin mining Calculator.

Profitability tables are used to show the revenue miners get from mining the most profitable coins, which include Bitcoin and Ethereum, on NVIDIA GeForce RTX 3080 every month. Also, be sure to check out RTX 3080 Gaming performance.

For instance, with an 86.03 MH/s hash rate, NVIDIA GeForce RTX 3080 can generate more than 210.88 USD monthly income using the ETH - Ethash (Phoenix) mining algorithm.

b) NVIDIA RTX 3080

i) Specifications

First off, the NVIDIA RTX 3080 was released on Sept. 17, 2020. It has a median power consumption of 250.0W. You can also do a quick profitability calculation for your device by entering its hash rate of coins, power consumption and electricity costs. Currently, its market price is at $3429.99, with a maximum temperature of 93 °C.

ii) Hash rate

The hash rate is a measuring unit that shows you the mine power. Generally, higher mining power is better. Additionally, the hash rate will differ in different coins.

iii) Mining Performance

The hash rate and energy consumption will also depend on overclocking and the specific device. The price will also vary. Different algorithms will help you calculate the profitability and the payback period for the monthly USD income you can expect from the NVIDIA RTX 3080.

Is The NVIDIA GeForce RTX 3080 A Profitable Coin?

Currently, on the best algorithm, the NVIDIA GeForce RTX 3080 can generate slightly more than 94.91 USD monthly income with an 87.13 MH/s. Additionally, the minimum driver version for mining on NVIDIA runs up at 411.95. Therefore, the latest version from its official website usually works best.

Are New NVIDIA 3000 Series Graphic Cards LHR Locked?

Short answer, no. For instance, the RTX 3090 doesn't have LHR protection, so you don't need to be afraid of performance loss. In addition, it doesn't come with any limitations and is always ready to fire up to 125 Mhs on the algorithm. However, you also need to remember to cool it down.

Additionally, mobile (laptop) graphics cards of the RTX 3000 series are not LHR locked. However, all RTX 3080 Ti and RTX 3070 Ti graphics cards come with an LHR lock, no exceptions!

Interestingly, video cards such as the RTX 3060, RTX 3070, RTX 3080 may have or may not be LHR locked. All the RTX 3060 video cards specifically are LHR locked. The LHR lock comes in two types:

  • RTX 3060 LHR v1 aka RTX 3060 — software lock
  • RTX 3060 LHR v2 aka RTX 3060 LHR — hardware lock

How To Optimize The GPU For Best Ethereum Mining?

For the best performance and efficiency, it's important to tune your card. Ethereum mining is quite profitable, well, at least until it shifts to the proof of stake - we hope. But it'll need more than just firing up your software and letting it continuously run in the background. Besides procuring the best graphics cards, you need to have the right setup and best mining GPUs.

We cannot emphasize enough just how important it is to have a good understanding of what it is that you're doing. Fortunately, depending on how much you pay for power, most of the graphics cards in the benchmarks hierarchy can earn you money by mining. However, always try to tune your graphics card at the optimal settings since the brand and card model you have can have a big impact on the overall efficiency and performance.

Remember that it's definitely possible to burn out your VRMs, fans, or the other elements on your card, especially since some people run consumer graphics cards 24/7. In addition, data from various mining profitability calculators indicate a lot of variation between the power and hash rates, depending on the settings and particular card you're using. So, don't be surprised if your level of performance is different from others.

On the latest generation of AMD and NVIDIA GPUs, NVIDIA has launched LHR (Lite Hash Rate) Ampere cards. Compared to the non-LHR cards, LHR cards perform about half as fast. However, the latest NBminer releases can notch it up to the 70% range- with the right drivers, typically, the older, the better.

For some reason, NVIDIA has undone some of these gains with their updated drivers, so the latest cards like the RTX 3050 might not be all that good. Nevertheless, all this is likely to set the stage for NVIDIA's next line of GPUs, like the Ada Lovelace.

What's NVIDIA's Ampere And AMD RDNA2 Mining Performance?

There are a few things to note here. First, Ethereum GPU mining will require more than 4GB of your VRAM. So if you're planning on still hanging on to your RX 570 4GB, it just won't work, and neither will the Radeon RX 6500 XT. Additionally, with all the different software packages for mining, always take the easier route, including a support platform for the most popular mining solutions. Finally, it should also benchmark your card to help you determine which one works best.

Also, not that some algorithms will perform better than others. We’ve used a standard GPU testbed for the tests and run a single GPU. Yes, this isn't necessarily an optimal miner PC configuration but will suffice since it's a closer representation to what most people probably use. Although more efficient, you really don't need high-end CPUs, memory or motherboard to mine.

Many larger installations will use a Pentium CPU and B360 chipset motherboard, which comes with more PCIe slots. The most important factors when choosing a PC are its power and cooling since they both directly impact the overall profitability.

The point is to keep your GPU effectively and the other components cool so you can be sure that they'll last longer and also not break down as often. The electricity costs can be quite high for larger setups. On the other hand, poor efficiency Power Supply Units (PSUs) will generate more heat and consume way more electricity, in turn ramping up overall costs and prices.

Pro tips:

  • While running the benchmarks, always look at the actual real-time hash rates instead of the results of the built-in benchmark
  • Ideally, to keep the temperatures and fan speeds at reasonable levels, test each graphics card in stock mode as you try to tune performance. This improves overall efficiency
  • Let the mining run for at least 15 minutes before checking for power, performance, etc. Things will often slow down once your graphics card starts to heat up slowly
  • The raw graphics card power for your entire card won't account for the power consumption of the rest of your PC or the power supply inefficiencies
  • Using the 80 Plus Platinum PSU should have you running at around 92% efficiency. Ideally, the wall outlet power consumption should be at about 50-80W higher than what the charts show since 40W of power will go to your motherboard, CPU, and other computer components. The remaining amount depends on how much power your GPU uses, including its PSU inefficiencies

What's The Most Profitable Coin Using NVIDIA GeForce RTX 3080?

Released in September 2020, the NVIDIA RTX 3080 is one of the latest graphics cards under the GeForce 30 series. It's powered by an enhanced Ampere architecture for top performance. It has features such as:

  • 8704 CUDA cores
  • 10 GB of GDDR6X memory
  • Boost clock of 1.71 GHz
  • It also exceeds the RTX 3070 with its 8 GB of memory but is far less than the RTX 3090 with 24 GB memory (its the leading graphics card under this series)

Like the other Nvidia GPUs, the RTX 3080 can profitably mine:

  • Ethereum
  • Ethereum Classic
  • Ravencoin
  • Zcoin
  • Cortex
  • It has enough memory to mine Grin on a more demanding Cuckatoo32 algorithm

What's The Payback Period NVIDIA GeForce RTX 3080?

The payback period of the GeForce RTX 3080 really depends on its overall efficiency, energy consumption and selling price. The estimated recommended retail price is $820. But you can also change it to the price that you paid for your GPU. The energy expenses are not usually taken into account while doing the calculation.

Jack