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NVIDIA GeForce RTX 3070 Ti Mining Hashrate- Really Good Enough For Mining Crypto?

The GeForce RTX 3070 Ti made a beeline for the top tiers of our GPU benchmarking hierarchy. However, how does NVIDIA GeForce RTX 3070 Ti mining hashrate perform as a solution for cryptocurrency mining? Not particularly well, if you're hoping to mine Ethereum. Other coins, on the other hand, may still be viable. Is this one of the best graphics cards on the market? Most likely, if you can locate one in stock (it goes on sale June 10).

Let's take a look at the NVIDIA Geforce RTX 3070 & 3070 Ti 8GB mining hashrate, differences, and specifications.

What Is The Difference Between RTX 3070 And RTX 3070 TI?

The RTX 3070 Ti has 6144 CUDA cores in comparison to the 3070's 5888, as well as more RT and tensor cores. Additionally, the 3070 Ti has a faster base clock of 1.58GHz compared to the 3070's 1.50GHz, as well as a faster boost clock of 1.77GHz compared to the 3070's 1.73GHz.

NVIDIA Geforce RTX 3070 & 3070 Ti 8GB Specifications

RTX 3070 Ti Specifications

  • GPU Engine Specs:

NVIDIA CUDA® Cores: 6144

Boost Clock (GHz): 1.77

Base Clock (GHz): 1.58

  • Memory Specs:

Standard Memory Config: 8 GB GDDR6X

Memory Interface Width: 256-bit

  • Technology Support:

Ray Tracing Cores: 2nd Generation

Tensor Cores: 3rd Generation

NVIDIA Architecture: Ampere

Microsoft DirectX® 12 Ultimate: Yes

NVIDIA DLSS: Yes Yes

NVIDIA Reflex: Yes Yes

NVIDIA Broadcast: Yes

PCI Express Gen 4: Yes

Resizable BAR: Yes

NVIDIA® GeForce Experience™: Yes

NVIDIA Ansel: Yes

NVIDIA FreeStyle: Yes

NVIDIA ShadowPlay: Yes

NVIDIA Highlights: Yes

NVIDIA G-SYNC®: Yes

Game Ready Drivers: Yes

NVIDIA Studio Drivers: Yes

NVIDIA GPU Boostâ„¢: Yes

NVIDIA NVLinkâ„¢ (SLI-Ready): –

Vulkan RT API, OpenGL 4.6: Yes

NVIDIA Encoder: 7th Generation

NVIDIA Decoder: 5th Generation

VR Ready: Yes

  • Display Support:

Maximum Digital Resolution (1): 7680×4320

Standard Display Connectors: HDMI(2), 3x DisplayPort(3)

Multi Monitor: 4

HDCP: 2.3

  • Founders Edition Card Dimensions:

Length: 10.5″ (267 mm)

Width: 4.4″ (112 mm)

Slot: 2-Slot

  • Founders Edition Thermal Power Specs:

Maximum GPU Temperature (in C): 93

Graphics Card Power (W): 290

Required System Power (W) (4): 750

Supplementary Power Connectors: 2x PCIe 8-pin (adapter to 1x 12-pin included)

RTX 3070 Specifications

  • GPU Engine Specs:

NVIDIA CUDA® Cores: 5888

Boost Clock (GHz): 1.73

Base Clock (GHz): 1.50

  • Memory Specs:

Standard Memory Config: 8 GB GDDR6

Memory Interface Width: 256-bit

  • Technology Support:

Ray Tracing Cores: 2nd Generation

Tensor Cores: 3rd Generation

NVIDIA Architecture: Ampere

Microsoft DirectX® 12 Ultimate: Yes

NVIDIA DLSS: Yes Yes

NVIDIA Reflex: Yes Yes

NVIDIA Broadcast: Yes

PCI Express Gen 4: Yes

Resizable BAR: Yes

NVIDIA® GeForce Experience™: Yes

NVIDIA Ansel: Yes

NVIDIA FreeStyle: Yes

NVIDIA ShadowPlay: Yes

NVIDIA Highlights: Yes

NVIDIA G-SYNC®: Yes

Game Ready Drivers: Yes

NVIDIA Studio Drivers: Yes

NVIDIA GPU Boostâ„¢: Yes

NVIDIA NVLinkâ„¢(SLI-Ready): none

Vulkan RT API, OpenGL 4.6: Yes

NVIDIA Encoder: 7th Generation

NVIDIA Decoder: 5th Generation

VR Ready: Yes

  • Display Support:

Maximum Digital Resolution (1): 7680×4320

Standard Display Connectors: HDMI(2), 3x DisplayPort(3)

Multi Monitor: 4

HDCP: 2.3

  • Founders Edition Card Dimensions:

Length: 9.5″ (242 mm)

Width: 4.4″ (112 mm)

Slot: 2-Slot

  • Founders Edition Thermal Power Specs:

Maximum GPU Temperature (in C): 93

Graphics Card Power (W): 220

Required System Power (W) (4): 650

Supplementary Power Connectors: 1x PCIe 8-pin (adapter to 1x 12-pin included)

NVIDIA Geforce RTX 3070 Mining Hashrate For Each Algorithm (Power Consumption 120 Watts/Hour)

  • DaggerHashimoto [ EtHash : (ETH) & (ETC) ] Ethereum Mining Hashrate : 60.5 MH/s

Ethereum Overclock/Undervolt Settings MSI Afterburner

  • RTX 3070 Ethereum 62.252% PL-200 Core +1300 Memory 124 T-Rex 0.19.5

RTX 3070 Ethereum Overclock/Undervolt Settings

  • Hashrate : 62 Mh/s consuming 125 Watts
  • Core Voltage (VDD): N/A
  • Power Limit (%): 55% or 130w
  • Core Clock (CClock):-200
  • Memory Clock (MClock): +1300 or 2600
  • Fan Speed (%): 70% ± based on your temps

RTX 3070 Octopus Mining Hashrate - Overclock/Undervolt Settings

Octopus Mining Hashrate : 47 MH/s

  • Hashrate : 58 Mh/s consuming 145 Watts
  • Core Voltage (VDD): N/A
  • Power Limit (%): 60% or 150w
  • Core Clock (CClock): 100
  • Memory Clock (MClock): +1000 or 2000
  • Fan Speed (%): 70% ± based on your temps.

RTX 3070 Kawpow Overclock/Undervolt Settings

Kawpow Mining Hashrate 29.5 MH/s

  • Hashrate : 30 Mh/s consuming 145 Watts
  • Core Voltage (VDD): N/A
  • Power Limit (%): 60% or 150w
  • Core Clock (CClock): 100
  • Memory Clock (MClock): +1000 or 2000
  • Fan Speed (%): 70% ± based on your temps
  • BeamV3 Mining Hashrate: 33.6 Sol/s
  • CuckooCycle Mining Hashrate 10.2 G/s
  • GrinCuckatoo32 Mining Hashrate : 0.65 G/s
  • ZHash Mining Hashrate : 98.4 Sol/s

NVIDIA Geforce RTX 3070 Ti Mining Hashrate For Each Algorithm (Power Consumption 175 Watts/Hour)

  • DaggerHashimoto [ EtHash : (ETH) & (ETC) ] Ethereum Mining Hashrate : 46 MH/s
  • Kawpow Mining Hashrate 34 MH/s
  • Octopus Mining Hashrate : 65 MH/s
  • BeamV3 Mining Hashrate : 35 Sol/s
  • GrinCuckatoo32 Mining Hashrate : 0.61 G/s
  • CuckooCycle Mining Hashrate 9.9 G/s
  • ZHash Mining Hashrate : 114 Sol/s

New LHR mode for mining ETH on RTX 30 series LHR GPUs, compatible with Windows and Linux, capable of achieving 70% of the maximum unlocked hashrate via NBMiner v39.0.

According to Red Panda Mining, this mode can be tuned using the - lhr argument, which currently works only with ethash. - lhr defaults to 0, which means that even if - lhr is not specified, LHR mode with - lhr 68 will be applied to detected LHR GPUs. Adjust LHR mode by specifying a value for - lhr; a specific value indicates that the miner will attempt to reach the specified percentage of the maximum unlocker hashrate, e.g. - lhr 68 indicates that the miner will attempt to reach 68 percent of the maximum unlocker hashrate for the same model non-LHR GPU. Increased - lhr value results in increased hashrate, but also increases the possibility of entering lock state, which results in significantly reduced hashrate. A good starting point for tuning is 68, which has been shown to be stable on the majority of rig configurations. The - lhr value for each GPU can be specified using the comma-separated list - lhr 65,68,0,-1, where - 1 disables LHR mode.

Is RTX 3070 TI Good For Mining?

Additionally, it incorporates the industry's most advanced ray tracing technology. This recommend mining "light" cryptocurrencies such as Ergo and Ravencoin with the RTX 3070 Ti. The cryptocurrencies Zcoin and Ethereum can also be mined with the graphics card, but the cryptocurrencies mentioned previously are significantly more profitable.

Nvidia's crackdown on Ethereum mining was accomplished through the enhancement of its anti-mining limiter. When the Ethereum workload kicks in, the algorithm works as intended, immediately reducing the GeForce RTX 3070 Ti's hash rate from around 80 MH/s to 40 MH/s. Because the performance is nearly identical to that of Nvidia's CMP 50HX unit, cryptocurrency miners have little reason to purchase the GeForce RTX 3070 Ti—that is, unless someone cracks Nvidia's anti-mining mechanism.

The limiter only affects the Ethash and Dagger-Hashimoto algorithms, which means that the GeForce RTX 3070 Ti can continue mining other cryptocurrencies without experiencing any difficulties. Our tests have revealed that the Ampere graphics card remains an extremely capable miner for Ravencoin (KAWPOW) and Conflux (Octopus), with additional algorithms such as CuckooCycle showing promise.

This means that the GeForce RTX 3070 Ti is not entirely useless for cryptocurrency mining. It will simply take longer to recoup the initial investment.

Conclusion

The GeForce RTX 3070 Ti can currently generate approximately $3.25 per day in profits when used with the appropriate coin, but only approximately $2.25 per day when used with Ethereum. Without the Ethereum anti-mining limiter, that would effectively double to $4.50 per day. Naturally, the cryptocurrency market is extremely volatile. A month ago, profitability would have been roughly double what miners are now seeing.

At current rates, this estimate a six-month return on investment. That is, if this lived in a parallel universe where there were no shortages of graphics cards and the GeForce RTX 3070 Ti was actually available for $599. However, the graphics card will likely sell for two to three times Nvidia's MSRP in the real world, at least on sites like eBay. Consider yourself fortunate if you can find one for less.

The GeForce RTX 3070 Ti is not one of the best mining GPUs. Hopefully, this means there will be more cards available for gamers, though this suspect optimistic miners will still attempt to acquire some in the hope of circumventing the mining limiter. However, mining profits have generally declined over the last month, suggesting that the large mining farms may hold off on expansion until the next mining wave hits.

About The Authors

Kaleem Kirkpatrick

Kaleem Kirkpatrick - Kaleem weaves song and story together with experience from his 12 year career in business and sales to deliver a mesmerizing tale of wealth and anger – the ups and downs of disruption – using his expertise in music and entertainment. His background in philosophy and psychology allows him to simplify the science of why we construct trends, where they come from, and how to alter them to improve outcomes.

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