The upcoming GeForce RTX 3050, the budget gaming graphics card from Nvidia, is reportedly a really poor Ethererum (ETH) miner according to a report from fellow outlet VideoCardz. The site says that its sources in China informed it about this information which gamers will certainly be pleased to hear.
Although it is not officially called a Lite Hash Rate (LHR)-based GPU, it looks like the RTX 3050 will, under the hood, run the LHR algorithm as the ETH mining hash rate of the card reportedly drops from around 20 down to just 12.5 MH/s within seconds, as soon as the LHR algorithm detects the mining software. The site has provided the following image to show this.
The purported RTX 3050 here is also seen to consume around 73W of power making it pretty inefficient for mining.
A Chinese Twitter user @wxnod has also provided a screenshot of mining output that purportedly belongs to the GeForce RTX 3050. In this case, the GPU does 13.66MH/s at 57W after hardware tweaking and optimizations, says VideoCardz.
So, despite having 8GB of VRAM, the GeForce RTX 3050 could be unattractive to miners making it potentially more readily available for gamers, which is also assuming scalpers don't buy it up anyway. The card is priced at an MSRP of $249 and the poor mining performance could make the Radeon RX 6500 XT a tough sell due to the 6500 XT's hardware limitations.
Source and image: VideoCardz