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Nvidia GeForce RTX 3080 Ti Comes With Reduced Mining Hashrate Too

Just like the more recently released Nvidia GeForce RTX 3060 that came with mining hashrate limiter enforced by Nvidia, the new GeForce RTX 3080 Ti also came out “with a reduced Ethereum hash rate” making them less desirable for miners. The just released Nvidia GeForce RTX 3080 Ti is almost equivalent in terms of specifications […]

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7
Jun
2021

Just like the more recently released Nvidia GeForce RTX 3060 that came with mining hashrate limiter enforced by Nvidia, the new GeForce RTX 3080 Ti also came out “with a reduced Ethereum hash rate” making them less desirable for miners. The just released Nvidia GeForce RTX 3080 Ti is almost equivalent in terms of specifications to an RTX 3090 GPU, but with half the video memory, so only 12GB GDDR6X instead of the full 24GB. For the new RTX 3080 Ti in terms of CUDA cores there is a very slight reduction and memory clocks too, but the memory bus remains 384-bit, so in theory performance wise it should be very similar to an RTX 3090 and that goes not only for mining, but for gaming as well. There is the Ethereum hashrate limiter however that messes things up a bit for miners, but not for gamers and the reduced in half video memory should also be making it more affordable and more available to gamers compared to RTX 3080… in theory.

Trying to mine Ethereum (ETH) at stock settings for the RTX 3080 Ti shows a starting hashrate at about 100 MH/s that quickly drops down to around 53-55 MH/s with the default setting due to the enforced hashrate limiter for mining ETH by Nvidia. The default settings for the RTX 3080 Ti from Palit/Gainward we have tried give us 325W of power usage as reported by the miner. And although Nvidia talks about limiting Ethereum mining hahsrate other similar memory intensive mining algorithms may also be affected as well as we have seen already with the RTX 3060 GPUs that were the first to introduce the hashrate limiting solution by Nvidia.

Going for optimized settings to reduce power consumption for 265W and have higher hashrate (if there was no hashrate limiter in play) give us slightly lower starting hashrate a bit below 100 MH/s, but it drops down to around 60 MH/s and not below that like with stock settings. So, performance wise mining Ethereum (if there was no artificial hashrate limiter) the RTX 3080 Ti should’ve been normally capable of delivering the same hashrate as an RTX 3090 does currently. Something around 100 MH/s with stock settings and about 120 MH/s with clocked memory and reduced power usage could’ve been possible, but instead we are getting just around half of that in reality.

Now, Nvidia is talking about Ethereum mining hashrate limiter, though some other memory intensive crypto mining algorithms might also be affected as we already know, but there are still other algorithms that will be delivering the full hashrate without any artificial limiters in play. Here is an example with RavenCoin (RVN) mining on the RTX 3080 Ti where the hashrate is not being artificially reduced, you will be getting about 48 MH/s hashrate for KawPoW with the stock settings. And although this will make mining RVN more profitable than ETH on this particular GPU, if the artificial ETH hashrate limiter was not present mining ETH would’ve been more profitable. So, the new Nvidia GeForce RTX 3080 Ti is not going to be an attractive option for Ethereum miners, though some other crypto miners not into ETH might be interested, but we are seeing starting prices for the Ti as for the non-Ti version where available. And unlike miners, gamers will not be very happy to buy at these inflated prices, do not forget however that gamers will be getting performance very close to that of the much higher priced (for the moment) RTX 3090 GPUs.

The New Nvidia GeForce RTX 3070 Ti that should also be hitting the market in a few days from now is also going to offer a nice upgrade in terms of hardware specs over the older RTX 3070 GPU, but just like the RTX 3080 Ti it will also come with artificial Ethereum hashrate limiter. The most notable upgrade for the new RTX3 070 Ti over the old non-Ti model is the new faster GDDR6X memory which should in theory increase the mining performance for memory intensive algorithm, but due to the Nvidia hashrate limiter Ethereum mining will not be benefiting much and in fact we expect to see lower hashrate than on RTX 3070 thanks to the limiter in play. Again, some other memory intensive algorithms besides Ethash might be affected as well, though not all, and GPU intensive mining will probably not suffer and the performance there should be slightly better than on RTX 3070.

Check Some More Similar Crypto Related Publications:

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptomining-blog.com/12785-nvidia-geforce-rtx-3080-ti-comes-with-reduced-mining-hashrate-too/

Blockchain

Bitcoin to Surpass $98K by November: Stock to Flow Model

The Bitcoin stock to flow model, designed by PlanB, outlines a relationship between scarcity and value that has been a solid long-term predictor of cryptocurrency price trends.

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The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments.

S2F’s Methodology & Accuracy

Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value, assuming demand remains stable.

PlanB notes that demand will be driven by predatory governments imposing negative interest rates, billionaires hedging against inflation, and institutional investors. This information, pieced together with the power laws and fractals observation that BTC’s price often centers around, has created a model that has proven to be fairly solid for the past 2 years.

Turbulent Waters Ahead

The road to a 6-figure BTC price won’t be smooth sailing. Whilst his latest tweet indeed paints an optimistic outlook for Bitcoin by the end of the year, PlanB also notes that there will be possible ‘weakness’ in the next few months due to a ‘more fundamental reason’ that he will reveal later on.


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The recent death cross formation might be a factor in this predicted weakness.

Long-term targets for BTC remain intact, and according to him, still, look better than ever, so it will be imperative for Bitcoin holders to weather the storm and HODL.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-to-surpass-98k-by-november-stock-to-flow-model/

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Blockchain

Bitcoin to Surpass $98K by November: Stock to Flow Model

The Bitcoin stock to flow model, designed by PlanB, outlines a relationship between scarcity and value that has been a solid long-term predictor of cryptocurrency price trends.

Published

on

The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments.

S2F’s Methodology & Accuracy

Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value, assuming demand remains stable.

PlanB notes that demand will be driven by predatory governments imposing negative interest rates, billionaires hedging against inflation, and institutional investors. This information, pieced together with the power laws and fractals observation that BTC’s price often centers around, has created a model that has proven to be fairly solid for the past 2 years.

Turbulent Waters Ahead

The road to a 6-figure BTC price won’t be smooth sailing. Whilst his latest tweet indeed paints an optimistic outlook for Bitcoin by the end of the year, PlanB also notes that there will be possible ‘weakness’ in the next few months due to a ‘more fundamental reason’ that he will reveal later on.


ADVERTISEMENT

The recent death cross formation might be a factor in this predicted weakness.

Long-term targets for BTC remain intact, and according to him, still, look better than ever, so it will be imperative for Bitcoin holders to weather the storm and HODL.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-to-surpass-98k-by-november-stock-to-flow-model/

Continue Reading

Blockchain

Bitcoin to Surpass $98K by November: Stock to Flow Model

The Bitcoin stock to flow model, designed by PlanB, outlines a relationship between scarcity and value that has been a solid long-term predictor of cryptocurrency price trends.

Published

on

The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments.

S2F’s Methodology & Accuracy

Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value, assuming demand remains stable.

PlanB notes that demand will be driven by predatory governments imposing negative interest rates, billionaires hedging against inflation, and institutional investors. This information, pieced together with the power laws and fractals observation that BTC’s price often centers around, has created a model that has proven to be fairly solid for the past 2 years.

Turbulent Waters Ahead

The road to a 6-figure BTC price won’t be smooth sailing. Whilst his latest tweet indeed paints an optimistic outlook for Bitcoin by the end of the year, PlanB also notes that there will be possible ‘weakness’ in the next few months due to a ‘more fundamental reason’ that he will reveal later on.


ADVERTISEMENT

The recent death cross formation might be a factor in this predicted weakness.

Long-term targets for BTC remain intact, and according to him, still, look better than ever, so it will be imperative for Bitcoin holders to weather the storm and HODL.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-to-surpass-98k-by-november-stock-to-flow-model/

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Blockchain

Dogecoin price analysis: Dogecoin abruptly moves to $0.255, prepares to spike higher? 

TL;DR Breakdown DOGE finds support at $0.26. Closest resistance at $0.28 to be tested. Next support at $0.25. Dogecoin price analysis is bullish for the next hours as the market retraces after spiking to the $0.255 mark and retests resistance $0.28. Therefore, after DOGE/USD should rally and retrace further from there, unless the $0.28 gets […]

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TL;DR Breakdown

  • DOGE finds support at $0.26.
  • Closest resistance at $0.28 to be tested.
  • Next support at $0.25.

Dogecoin price analysis is bullish for the next hours as the market retraces after spiking to the $0.255 mark and retests resistance $0.28. Therefore, after DOGE/USD should rally and retrace further from there, unless the $0.28 gets breached to the upside.

Dogecoin price analysis: Dogecoin abruptly moves to $0.255, prepares to spike higher?  1
Cryptocurrency heat map. Source: Coin360

The overall market trades in the red over the last 24 hours as Bitcoin has lost 3.14 percent and the rest of altcoins follow this price action trend. Ripple (XRP) is among the worst performers with a loss of almost 7 percent.

Meanwhile, Dogecoin trades around 4.5 percent loss, meaning strong bearish pressure. Other altcoins such as Solana (SOL), Filecoin (FIL), and Theta also trade with a 5-6 percent loss, indicating bears are in control.

Dogecoin price movement in the last 24 hours

DOGE/USD traded in a range of $0.2565 – $0.2924, indicating a strong amount of volatility. Trading volume has increased by 27.8 percent and totals $1.86 billion. The total market capitalization trades around $35.7 billion, ranking the cryptocurrency in 6th place.

DOGE/USD 4-hour chart – DOGE spikes to $0.255

On the 4-hour chart, we can see the Dogecoin price action retracing to $0.255mark over the past hours and currently starting to retrace some of the loss seen earlier today.

Dogecoin price analysis: Dogecoin abruptly moves to $0.255, prepares to spike higher?  2
DOGE/USD 4-hour chart. Source: TradingView

DOGE/USD 15-minute chart – DOGE retracement approaches $0.28 previous support

When looking at the 15-minute chart, the Dogecoin price action is very bullish as bulls look to regain some of the loss seen earlier today. The closest support is located around the $0.28 previous support, which, if acts as a resistance, will likely send Dogecoin lower again early next week. 

Therefore, a short position could be taken around the $0.28 level in case price action shows signs of rejection for further upside. From there, we can expect DOGE/USD to move towards the next major support at the 0.25 mark as seen on the 4-hour chart.

However, if the $0.28 breaks, DOGE/USD should see further upside towards the $0.30 mark, which would mean that a double top has been established over the past few days. This would ultimately still send DOGE lower as the overall, several-day price action sentiment is still extremely bearish.

Dogecoin price analysis: Dogecoin moves to $0.255, prepares to spike higher?
DOGE/USD 15-minute chart. Source: TradingView

The overall Dogecoin price action structure is still bearish as the market has retraced by more than 70 percent since May. After two strong waves to the downside, support was found around the $0.21 mark on the 19th of May. 

From there DOGE/USD quickly rallied higher and established resistance around $0.44. After further retracement and two higher highs, DOGE/USD gathered the strength to push to the $0.44 mark again. 

This resulted in another several-week retracement at the beginning of June. Higher support around $0.30 initially held the market from moving higher, however, it was broken on the 18th of June. Further downside followed earlier this week with the $0.28 mark tested next.

The $0.28 support broke earlier today as DOGE/USD quickly spiked lower. The $0.255 mark was quickly reached, and the market spiked higher over the past hours. Therefore, we can assume that DOGE/USD wants to retest the $0.28 resistance as a support and likely move lower from there.

Alternatively, if the $0.28 mark fails to hold, the Dogecoin price action will likely move much higher to the $0.30 resistance. From there, we can expect bears to push the market lower again.

The next major price target lower is located around the $0.21 mark as it is where DOGE/USD spiked towards during the severe retracement in May. Therefore, this could be the area where Dogecoin finds support again. In case the $0.21 mark fails to hold, a lot more downside could be seen for the Dogecoin price over the following weeks.

Dogecoin Price Analysis: Conclusion 

Dogecoin price analysis is bullish as we expect the market to retrace some of the loss seen over the past hours. Therefore, it is crucial whether the $0.28 previous minor support will act as a resistance or we will see further retracement higher to the $0.30 mark.

While waiting for the Dogecoin price to move higher, see our articles on DeFi advantages, Bitcoin fees, as well as what can you buy with Bitcoin.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/dogecoin-price-analysis-2021-06-20/

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