It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Nvidia has announced its new generation of GPUs with the new GeForce RTX platform and while they do seem interesting in terms of new graphics capabilities, they do not seem that attractive for miners at this point. The whole focus of the new NVIDIA Turing architecture utilize in the GeForce RTX platform is on real-time ray tracing, artificial intelligence, and programmable shading to make games even more realistic in terms of graphics. As far as performance for mining goes the new architecture will apparently not offer any significant performance improvements or power efficiency to be a really attractive option for miners. That is at least initially, unless the new Tensor Cores for the AI computing horsepower turn out to be usable for crypto as well and utilizing them could help drive performance up.
Price wise the new GeForce RTX 2080 Ti, the successor of the GTX 1080 Ti, the new GeForce RTX 2080, the successor of GTX 1080 and the new GeForce RTX 2070, the successor of the GTX 1070 are not that attractive either. That of course goes for the initially announced prices of the Founders Edition series from Nvidia that are available for pre-order on Nvidia’s website in some regions with expected delivery around mid-September. For gamers buying a single of these GPUs it might be fine, but for miners these prices are definitely not very attractive with the current crypto market conditions and the expected performance improvement in the range of up to 10-15% up, at least initially.
We are still eager to get our hands on the new Nvidia RTX GPUs and play around with them to get some first hand experience and see the performance numbers, but you should probably not get very excited just yet… if you are on the market for more GPUs, it might be a wiser idea to look for good deals on used video cards from people that are selling their mining equipment purchased last year.
OnChainFX is an interesting free service giving you an interesting and useful research tool for different crypto assets with an option to choose what type of information to be shown for the supported coins/tokens. Currently the service lists a little over 100 crypto assets, but be wary it is not a crypto coin or token listing service where you pay to get your project listed, the available assets are being hand selected. Besides obvious indicators such as price and current market capitalization, the service has some interesting information such as Y2050 marketcap and much more statistical data that you can enable to be shown additionally to help you in your research of a coin or token listed in the service. There is useful information such as all time high (ATH) or days since ATH, GitHub development activity tracking, ROI by year and others. We recommend that you give it a try when looking for some new potentially interesting crypto projects to get into. The fact that everything is in the red now in the world of crypto should not stop you from looking deeper into new potential game changing projects that you can take part in.
– To check out the OnChainFX cryptoasset rankings and metrics service for some useful information…