The next RTX 3050 card seems to be bad at Ethereum mining, which is good news for gamers

The recently disclosed Ethereum mining performance from China is good news for gamers hoping to get their hands on Nvidia’s forthcoming GeForce RTX 3050 graphics card.

Because the hash rate jumps from roughly 20 to 12.5 MH/s practically instantly while only utilising 73W in our test, it seems that the card will most likely arrive with the Lite Hash Rate algorithm. Leaker @wxnod verifies this, stating that they only witnessed a hash rate of 13.66 MH/s at 57W using other mining software.

The Nvidia GeForce RTX 3050, which comes with 8GB GDDR6 RAM and can reach 18 TFLOPs of ray tracing performance, 73 TFLOPS of tensor AI performance, and 9 TFLOPs of shader performance, has previously been announced. Ray tracing will be supported by 2nd generation RT Cores, while DLSS and AI will be supported by 3rd generation Tensor Cores.

Sadly, despite the fact that the RTX 3050 is aimed at the low-cost graphics card market, the persistent chip scarcity will almost certainly cause the MSRP to increase due to scalpers.

Based on the current value of Ethereum and the proposed retail price of the RTX 3050 at $249 (about £185, AU$350), a miner would need 500 days to repay the cost of the graphics card – provided the price does not rise after launch (which it probably will). Needless to say, for such a low-powered card, that’s a significant risk.

The Nvidia GeForce RTX 3050 will be available on January 27, 2022, as revealed at CES 2022.