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The Sony PlayStation 5 Game Console Mining Ethereum with almost 100 MH/s is Not True!

1, Mar 2021

The last few days there seems to be an interesting photo of what is said to be PlayStation 5 (PS5) game console hacked to mine Ethereum (ETH) achieving a hashrate of 98.76 MH/s with a custom mining software. The image has apparently originated from China and the text is in Chinese, but it turns out this was a fake image and the 2D barcode reveals the joke somebody tried to play on everyone. If you read the 2D barcode with your smartphone it will reveal the following text in Chinese language:

娱乐而已并没有此软件哈哈哈

For people that do not understand a word from the above, passing it through Google Translate to see what it means in English translates to the following:

There is no such software for entertainment hahaha

So, no the PlayStation 5 game console is not yet turned into a crypto mining machine for Ethereum (ETH), though it is not entirely impossible for this to happen, considering the gaming console has very good hardware from AMD in the form a Ryzen CPU and a RDNA 2 GPU inside and that can in theory be used for mining with the right software.

The software side on the console for the moment however is pretty closed, so developing a crypto miner is the hard thing to do and nobody apparently made one, otherwise something like 50 MH/s hashrate for Ethash might not be impossible if the hardware is properly utilized.

Maybe we could see PS5 mining farms in the not-so-distant future if the crypto mining craze continues, but for now it is not that time yet. According to Blackout Bingo reviews, console gamers are already not very happy with the PlayStation 5 shortages at the moment with the device not easily obtainable even at a premium over the recommended end user price. If the console becomes an attractive crypto mining device it will become even harder being a gamer and wanting to get a PS5 game console.

Mining Performance of Asus ROG Strix GeForce RTX 3060 OC Edition

26, Feb 2021

The new Nvidia GeForce RTX 3060 video cards are here and we managed to buy one quickly while there was some stock left to do some mining benchmarks and tests. We already know that mining performance for the RTX 3060 is limited for Ethereum, but what else can you mine with the full performance is something that we also wanted to find out for sure. As we have predicted availability and pricing of the RTX 3060 is off the charts as people expected these GPUs to be the sweet spot for mining Ethereum – high hashrate and low price. Neither of these did turn out to be true however and stock availability is low, so buying even just one of these new GPUs was pretty hard and we had to pre-order it and buy it bundled with a motherboard just to get our hands on it for testing.

Specifications wise – nothing unexpected. We already knew what to expect from the RTX 3060 GPUs in terms of hardware and GPU and VRAM specs. We also though we knew what to expect from them in terms of performance, but then Nvidia suddenly surprised us with their plans a couple of days ago. And although they are saying that they want to have the RTX 3060 available for gamers, what they are meaning is that they want to sell their new Nvidia CMP HX Dedicated Crypto Mining GPUs to miners instead of RTX 3060. In the end they will probably not succeed very well with either for a number of reasons…

When we run Phoenixminer on the ASUS RTX 3060 GPU with 70% TDP and +1000 MHz video memory in MSI Afterburner we are getting almost 46 MH/s hashrate for Ethereum, however the protective mechanism quickly kicks in and drops that to about 23-24 MH/s. Mining Ehtereum with 46 MH/s at just about 120W of power usage is probably some miner’s wet dream for a mining GPU, but unfortunately that is not going to happen at least for the moment. And it is not only affecting Ethereum mining, Ethereum Classic also gets the half hashrate reduction (it is very similar in terms of algorithm), even Vertcoin’s VertHash algorithm is affected and possibly other memory-intensive algorithms as well.

Affected Algorithms Performance:
– Ethereum – Ethash algorithm – 45 -> 23 MH/s
– VertCoin – Verthash algorithm – 850 -> 370 KH/s
– Ethereum Classic – Etchash algorithm – 47 -> 25 MH/s

All is not lost however as there are some profitable crypto algorithms that are not affected by the forced half hashrate for mining from Nvidia, so the RTX 3060 is still usable and performing quite well in some other popular algorithms…

Unaffected Algorithms Performance:
– Ravencoin – KAWPOW algorithm – 22 MH/s
– Veil – ProgPoW algorithm – 20.8 MH/s
– BitCash – X25X algorithm – 4.2 MH/s
– Conflux – Octopus algorithm – 42 MH/s
– Beam – BeamHashIII algorithm – 22.5 MH/s
– Aeternity – CuckooCycle algorithm – 6.6 G/s
– Grin – Cuckatoo32 algorithm – 0.39 G/s
– ZEL – Zelhash algorithm – 33.6 Sol/s
– Firo (XZC) – MTP algorithm – 2.4 MH/s

So, while the RTX 3060 may not be the best option for Ethereum mining, it can still perform quite well in some other mining algorithms, so not a total waste of money as far as crypto mining is concerned. If you are only focusing on Ethereum mining however, then you might want to think twice and leave the RTX 3060 to other miners or gamers instead.

– What performance other Nvidia RTX 30 Series GPU deliver for Ethereum…

Nvidia GeForce RTX 3060 is Indeed Limited for Crypto Mining

22, Feb 2021

It seems that Nvidia did manage to keep their promise to make the new GeForce RTX 3060 GPU limited for crypto mining and thus widely available for gamers as with reduced performance it will not be attractive for miners. We got some sound information regarding the actual performance for mining use for the new GeForce RTX 3060 that is expected to be available starting February 25th or in just a few days. According to Nvidia the new video drivers for the RTX 3060 GPUs are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and will limit the hashrate, or cryptocurrency mining performance to half of what they will normally do. Essentially you will be getting half the hashrate you normally would if the card is running at full performance meaning that instead of the expected hashrate for RTX 3060 in the range of 40-45 MH/s for Ethereum with stock settings and optimized, so with the drivers cutting that in half we were expecting only 20-22.5 MH/s.

It seems that the reality is not that far off from what we were expecting with an MSI GeForce RTX 3060 GAMING X video card apparently starting up with a hashrarte of about 41 MH/s for Ethereum mining with stock settings with 100% TDP. With fans running at automatic settings the MSI GPU runs at around 58% fans and 51 degrees Celsius temperature for the GPU with 117W of power usage. When the miner starts the hashrate quickly drops from 41 to about 21 MH/s, so pretty much in half and even if you close the miner and start it again it starts with the lower hashrate. You need to reboot the PC and then when you run the miner for Ethereum for the first time it will start at 41 MH/s again, but quickly drop that in half again.

With reduced TDP and GPU frequency and overclocked video memory to +1000 MHz in MSI Afterburner the hashrate starts at 45-46 MH/s, but then again very shortly it drops down to about 25 MH/s or once more it is cut in half. So, pretty much what we expected even before we got a confirmation on the actual hashrate that the RTX 3060 GPUs are capable of, though cut in half by the Nvidia driver as a means to drive away crypto miners from that particular video card and also for Nvidia to sell their new line of professional crypto mining products to miners – the Nvidia CMP HX Dedicated Crypto Mining GPUs.

The good news is that already released Nvidia RTX 30 Series GPUs are not affected by this limitation, so only the new RTX 3060 will be limited in half in terms of mining performance. Or to be more specific limited to half Ethereum mining performance by the drivers as apparently other mining algorithms are not affected like ETH is. This means that although the RTX 3060 may not be a popular option for Ethereum mining it could still be a good option for mining other crypto currencies such as Ravencоin (RVN) or VertCoin (VTC).

A quick update regarding the situation with VertCoin (VTC) mining on the new RTX 3060 GPUs… it seems that the VertHash algorithm is also affected from the half hashrate drop that Ethash is experiencing, probably other memory0intensive crypto mining algorithms will be affected as well. Ravencoin’s (RVN) use of KAWPOW and probably ProgPOW as well do not seem to be suffering from reduced hashrate like Ethash and VertHash though, you should be getting 21 MH/s or more for RVN mining. So, the Nvidia GeForce RTX 3060 is not fully limited for mining use, but some of the most profitable mining algorithms at the moment are apparently affected from this! Although the above information was initially verified to be true for Windows mining, it seems that under Linux with an OS like SimpleMining (SMOS) the situation with the limited hashrate on the RTX 3060 is also the same and you get half the hashrate mining Ethereum.


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