Is RTX 3070 amongst the best efficiency GPU to mine ETH?

[Didz]

Amazing info!
Thank you philipma1957.

Unfortunately, The Merge will happen soon with Ethereum Consensus Mechanism so we won't be able to mine ETH with graphics cards anymore so in my humble opinion, buying graphics cards now is not a judicious investment decision on long term. When you look at all the other coins to mine, their daily volumes and market caps and sooooo tiny compared to ETH and most of them don't have real use cases (except to be an investment vehicle) that I'm pretty sure our mining profitability will drop enormously, I'm expecting maybe 50-80% drop.

This is why for the last 6 months, I have been studying Ubuntu Server and Rocket Pool documentations and started to run validators on the ETH beacon chain. It's the future, no doubt. It's crazy just on Rocket Pool, every day, big dogs or institutions (banks, insurance cies, hedge funds etc), are staking in average 2-3 millions USD of ETH value into the Rocket Pool protocol.

[philipma1957]

Amazing info!
Thank you philipma1957.

Unfortunately, The Merge will happen soon with Ethereum Consensus Mechanism so we won't be able to mine ETH with graphics cards anymore so in my humble opinion, buying graphics cards now is not a judicious investment decision on long term. When you look at all the other coins to mine, their daily volumes and market caps and sooooo tiny compared to ETH and most of them don't have real use cases (except to be an investment vehicle) that I'm pretty sure our mining profitability will drop enormously, I'm expecting maybe 50-80% drop.

This is why for the last 6 months, I have been studying Ubuntu Server and Rocket Pool documentations and started to run validators on the ETH beacon chain. It's the future, no doubt. It's crazy just on Rocket Pool, every day, big dogs or institutions (banks, insurance cies, hedge funds etc), are staking in average 2-3 millions USD of ETH value into the Rocket Pool protocol.

And and Nvidia have a lot to lose if eth goes full on pos.

I smell a hybrid system coming up.

[Synerggy]

RX 5600 44mh with 80 watts = 0,55mh per watt
RX 5500 28.5 with 50 watts = 0,57 per watt

but thats are stats from other users, i don´t own 1 of that cards to test, but it can be. Maybe someone with this cards can tell us more?

The 80watts from RX5600 and 50 watts from RX5500 are not from the wall this are watts power shown in miners you need wattmeter to measure the exact power consumption from wall.

[Coinfarm ventures]

RTX 3070 and 3060ti are almost the same in ETH, and yes, both are the best hashrate per watt available

I have both
3060ti - 61.10Mhs using 130w on the wall
3070 - 60.19 using 134w on the wall

In this case, the obvious choice is the RTX 3060 Ti because of the lower purchase price and depreciation.

[Coinfarm ventures]

The 80watts from RX5600 and 50 watts from RX5500 are not from the wall this are watts power shown in miners you need wattmeter to measure the exact power consumption from wall.

Or you can just add 40w or so to the reported power, then multiply it by 1.1x for 120v / 1.08x for 240v (if your PSU is 80+ Gold).

[philipma1957]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

[sxemini]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

85w software reading, never ever from the wall. They can maybe do 37mh, but normal hashrates are 35 - 36 long term stable

My RTX 4000 series take around 90w from the wall for 37.28mh out of the box.

[Salamande]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

My 3060's v2 are doing 37mhx @ 115W (software) Humm can I get those result... what is your settings? Im using HiveOS

[alucard20724]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

My 3060's v2 are doing 37mhx @ 115W (software) Humm can I get those result... what is your settings? Im using HiveOS

He's talking about 2060 and you're asking him about 3060 V2?

Here's a link to help you on your 3060V2
https://www.hashrate.no/3060v2

[Didz]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

Damn philipma1957 you made me look up the GPUs and I finally bought one RTX 2060 12GB for 700 CAD. Same model but the 6 GB few months ago I paid 1 200 CAD.

Yes the PoS for Ethereum should come in June but I still think mining other altcoins with GPUs will remain profitable even post ETH 2.0.

The problem with staking ETH to run a validator it's because we need at least 16 ETH for one validator on RocketPool it's very expensive. Without running a node you can stake as little as 0.01 ETH on Rocketpool and you pay fee between 5 to 20% to the node operator but the actual % APR is just around 4% and the RPL tokens APR is around 14%. Mining ETH with GPUs is more around 80% APR.

But if you expect ETH price to go around 12k after The Merge and RPL token around 500$ then it will become really profitable to stake ETH but for now we have to be patient.

[Didz]

I got 13 of these yesterday.

https://www.evga.com/products/product.aspx?pn=12G-P4-2263-KR

I paid 431 a card with six months no interest to pay.


They do 37 mhs at 85 watts. 12 gb ram 3 year warranty these are pretty good.

They are on ebay for 488-490


https://www.ebay.com/itm/284661293897?

https://www.ebay.com/itm/294726907602?  I have purchased from this seller he was good.

philipma1957 I just received my EVGA GeForce RTX 2060 12GB XC GAMING and after many OC trials I got 29.79 MH on Ethash with a CORE of -512 and a MEM of 1024 at 100 Watt (on GMiner software).

The memory is Micron.

How do you obtain 37 mhs at 85 watts?

For now, in term of efficiency (hashrate per watt) it's not so good with only 0.2979 but in terms of hashrate per GPU cost (29.79 MH / 700 CAD = 0.0426 MH / 1$) it's pretty good. Fortunately, I pay 0.10 CAD per kWh.