Connect with us

Blockchain

Optimized Ethereum Mining Settings for Nvidia RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs

Republished by Plato

Published

on


24
Feb
2021

We’ve tested and played around with a couple of Nvidia GeForce RTX 30 series of GPUs already, so that we can compile a list with the optimized mining settings for mining Ethereum with RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs. There could of course be some variation from card to card due to manufacturers making different versions with higher TDP levels and higher default clocks, but generally the settings below should work pretty good on any make and model from the above mentioned ones.

Some further tweaking could help in maximizing performance or optimizing power usage for a specific card, but the settings we give here should be a very good starting point for achieving optimal performance at reduced power usage when suing them for mining Ethereum (ETH). Do note that the settings below are intended for Ethereum mining and/or other memory intensive crypto algorithms such as VertHash for example, the settings are most likely not optimal for mining use where a GPU-intensive algorithm is in play!

Nvidia RTX 3060 Ti Optimized Mining Settings:
– TDP: 60% / 140W
– GPU: -500 MHz
– VRAM: +1100 MHz
– ETH Hashrate: 60 MH/s
More on Gigabyte AORUS GeForce RTX 3060 Ti MASTER…

Nvidia RTX 3070 Optimized Mining Settings:
– TDP: 50% / 140W
– GPU: -500 MHz
– VRAM: +1100 MHz
– ETH Hashrate: 60 MH/s
More on Palit GeForce RTX 3070 GameRock GPUs…

Nvidia RTX 3080 Optimized Mining Settings:
– TDP: 71% / 230W
– GPU: -300 MHz
– VRAM: +1000 MHz
– FANS: 100%
– ETH Hashrate: 97 MH/s
More on ASUS TUF Gaming GeForce RTX 3080 Video Cards…

Nvidia RTX 3090 Optimized Mining Settings:
– TDP: 73% / 300W
– GPU: -400 MHz
– VRAM: +1000 MHz
– FANS: 100%
– ETH Hashrate: 120 MH/s
More on MSI GeForce RTX 3090 SUPRIM X 24G GPUs…

* The clocks cited above are for use with a tool such as MSI Afterburner, overclocking the video memory in other tools might require the use of a different number for the same amount of clock increase +2000 MHz for the memory instead of +1000! The TDP level can also be set in Watts instead of percent level from the default one, so we also cited an estimated power usage in Watts as well.

An important tip especially for Nvidia GeForce RTX 3080 and RTX 3090 GPUs is to always run their cooling fans on 100% while mining Ethereum, even though the GPU temperature may be low. The reason for that is to help keep the memory chips cooler, because the GDDR6X memory these GPUs use get pretty hot while mining Ethereum specifically and you need to keep it as cool as possible. If it gets too hot you may experience drop in mining performance, resulting in lower hashrate and, so make sure you monitor the operating temperatures of GDDR6X memory you can do so with the useful free tool HWiNFO. With that software tool and more specifically the latest beta version it has you can also monitor the GPU HotSpot Temperature for Nvidia GPUs as a useful tool to diagnose possible cooling issues on GPUs that are unstable when mining.

If you manage to keep the memory temperature lower you might even push the video memory on RTX 3080 and RTX 3080 GPUs to +1100 MHs for some extra performance boost, though in our experience high operating temperatures and high memory frequency does not do well together. The GDDR6 memory used on RTX 3060 Ti and RTX 3070 GPUs does not get so hot and can easily handle +1100 MHz for the video memory in order to reach 60 MH/s hashrate mining Ethereum. It is best to try and see what your particular RTX GPUs can handle and not to end them running at the absolute maximum possible operating frequency as this may cause instability with a slight change in the ambient temperature.

Check Some More Similar Crypto Related Publications:

Source: https://cryptomining-blog.com/12692-optimized-ethereum-mining-settings-for-nvidia-rtx-3060-ti-rtx-3070-rtx-3080-and-rtx-3090-gpus/

Blockchain

Bitcoin At $100,000: Estimating The Chance Of Six Figure BTC In 2021

Republished by Plato

Published

on

Bitcoin price (BTC) reached a new all-time high this week, soaring to almost $65,000 on Wednesday the 14th of April. With Bitcoin’s price now in “blue sky territory” and its market cap sitting comfortably around the $1.17 trillion level, the big question is – just how high will the current bull market push the BTC price this year?

Rounding Up The Most Famous Bitcoin Price Predictions

Here are some of the most famous individuals and institutions in crypto that have gone on record with bullish Bitcoin price calls:

JP Morgan

In March, analysts at major US investment bank, JPMorgan, were reported to be eyeing a Bitcoin price of $130,000 – although no timeframe was provided for their prediction. JPM’s CEO, Jamie Dimon, was vocal in his criticism of Bitcoin in the past. However, the firm’s increasing involvement in crypto projects reflects the growing integration of cryptocurrency within the traditional financial sector.

Related Reading | The Bearish Bitcoin Chart Bulls Definitely Don’t Want To See

MicroStrategy

MicroStrategy’s CEO, Michael Saylor, is renowned for converting his firm’s cash reserves to Bitcoin and encouraging other corporate leaders to follow suit. At last count, MicroStrategy held over 90,000 BTC, worth approximately $5.5 billion at the time of writing. Unsurprisingly, Saylor is extremely bullish on the BTC price, saying in a March interview that he “can see Bitcoin going to a million… [or] five million.”

Pantera Capital

Pantera Capital, launched in mid-2013 as the original American crypto investment fund, has projected a Bitcoin price of $115,000 before September of 2021. Pantera’s call is based on the Stock to Flow (S2F) model of Bitcoin’s price, which has thus far shown a high degree of predictive power. Given the time-specificity of Pantera’s call as well as their transparency regarding its rational basis, we would consider this the most considered prediction.

bitcoin btcusd

Daily Bitcoin chart showing the bull run since late 2020 until present | Source: BTCUSD on TradingView.com

A Rally-Supportive Economic Environment

Predictions alone, no matter who makes them, aren’t enough to elevate Bitcoin to a six-digit price level. What’s needed are enthusiastic buyers and hodlers, whether they be individual investors or large institutions.

As to the latter, we’ve already alluded to MicroStrategy’s crypto corporate coffers. Perhaps following Saylor’s advice as presented to thousands of corporate representative, Time Magazine recently announced their own acquisition of Bitcoin.

Furthermore, with financial titans like BlackRock and MasterCard recently announcing their involvement in Bitcoin, there can be no doubt of the institutional appetite for » Read more

” href=”https://www.newsbtc.com/dictionary/satoshi/” data-wpel-link=”internal”>Satoshi’s invention.

stock to flow

The stock-to-flow model projects much higher prices for BTC | Source: Digitalik.net

Perhaps the most compelling reason driving investors, big and small alike, into Bitcoin is the expectation – and indeed the observation – of high inflation. With central banks around the world printing billions if not trillions of fresh fiat units as a response to COVID 19, the scene has been set for declining fiat value and rising costs for goods and services.

Related Reading | Coinbase COIN Debuts To A Bloody Bitcoin, But Bullish Structure Remains

With high inflation everywhere except government statistics – steel prices up 3x on the year, for example – it’s no wonder that demand for hard, deflationary money has never been higher.

Featured image from Deposit Photos, Charts from TradingView.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-predictions-100000/

Continue Reading

Blockchain

Coinbase’s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

Republished by Plato

Published

on

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis.

Fully diluted refers to the total number of common shares outstanding and available to trade on the open market after all possible sources of conversion. But some feel this measure gives an inaccurate valuation as it includes options and restricted stock, therefore overstating the number of shares used in the valuation.

In the buildup to the IPO, some analysts expected Coinbase to achieve a $100bn valuation. While its closing valuation wasn’t a million miles away, it was still less than expected.

Coinbase Listing is a Watershed Moment For The Cryptocurrency Industry

Coinbase is the first major crypto company to test the U.S. public market. Its IPO was hailed as a turning point in cryptocurrency going mainstream. Analyst Dan Ives wrote:

“Coinbase is a foundational piece of the crypto ecosystem and is a barometer for the growing mainstream adoption of bitcoin and crypto for the coming years in our opinion.”

» Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>COIN opened at $381 on the Nasdaq Global Select Market. Early on, buyers pushed the price as high as $429, but bears soon took over to dip the price as the day wore on. It ended the session at $327.

Source: COINUSD on TradingView.com

The firm had released some impressive figures before its public debut. It showed a spike in revenue and a doubling of its monthly active users from the previous quarter.

But market research firm New Constructs had already sounded the alarm on a severe overvaluation at $100bn. They believe a valuation this high takes no account of a future squeeze on its transaction margins.

the company has little-to-no-chance of meeting the future profit expectations that are baked into its ridiculously high expected valuation of $100 billion.”

The Actual Valuation Should be $65mn

While Coinbase’s fully diluted valuation came in at $86bn, pretty much in the middle of pre-debut expectations of between $60bn – $100bn, CIO at Arca Jeff Dorman said this figure is grossly overstated.

Dorman slammed the media for “misinformation” and “horrible reporting,” saying they were using the wrong share count. Based on 198mn class A and B shares, Coinbase’s closing valuation should be $64.7mn.

That math is wrong — There are 198mm class A and class B shares o/s, not 261mm. If we use fully diluted share count, then every stock on the planet has infinite shares due to no restrictions on how much stock a company can issue.

On the matter of ever reaching a $100bn valuation, researcher Larry Cermak expects this to happen as long as the bull market continues.

Direct listings almost always trade down in the next few days because of the high float that’s being dumped. As long as the bull market continues, it will eventually recover and go $100B+ IMO. Low volume today is somewhat surprising though.”

At this point, it’s unclear whether an overstated Coinbase market cap is a help or hindrance to crypto. While an overstated valuation is likely to drum up interest, the spin side sees additional pressure on Coinbase to live up to the hype.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/coinbases-86bn-valuation-has-been-grossly-exaggerated-by-misleading-media/

Continue Reading

Blockchain

ETH bonanza as three North American Ethereum ETFs approved in one day

Republished by Plato

Published

on

While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day. 

Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among the first in the world. 

Some observers noted that all three being approved at once may have been part an effort not to give Purpose an “unfair advantage”. Purpose appeared to gain an edge after the launch of the wildly popular Purpose Investments ETF, the first North American Bitcoin ETF which quickly swelled to $1.3 billion in AUM while competitors waited for approval. Rival Evolve Fund Group’s Bitcoin ETF only managed to attract $100 million in AUM, despite launching only two days later than Purpose and offering 25% less management fees.

In a Tweet, a reporter for Bloomberg said that the CL Galaxy and the Purpose ETF funds will begin trading on 4/20 — a date he thought would please Elon Musk, given it’s marajuana culture connection. Likewise, Evolve’s ETH ETF — which they first filed for in March — will begin trading on the same day.

The Canadian stock market has already demonstrated a significant appetite for exposure to crypto assets. Previous exchange-traded Ethereum products led to market halts on the first day of listing, and Purpose’s Bitcoin ETF cracked $100 million in its first day of trading

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/eth-bonanza-as-three-north-american-ethereum-etfs-approved-in-one-day

Continue Reading
Blockchain4 days ago

NYSE celebrates historic ‘first trades’ with NFT series

Blockchain4 days ago

By The Numbers: The Rate Bitcoin Must Climb To Reach $100K By July

Blockchain4 days ago

USDT, USDC, and BUSD represent 93% of stablecoin market cap

Blockchain4 days ago

Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet

Blockchain4 days ago

Whole Earth Coin (WEC) Set for IEO to Inject New Life Into Aging Infrastructure

Blockchain4 days ago

German digital stock exchange will list physical Litecoin ETP

Blockchain4 days ago

Tron, Tezos, Synthetix Price Analysis: 12 April

Blockchain4 days ago

NYSE Joins NFT Mania With Special First Trade Collection

Blockchain4 days ago

Binance launches zero-commission tradable stock tokens

Blockchain4 days ago

WAX introduces first Topps baseball cards on the blockchain

Blockchain2 days ago

Crypto has arrived.

Blockchain4 days ago

Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

Blockchain4 days ago

Boson Protocol concludes $25.8M public sale, token listed on exchanges

Blockchain4 days ago

Moonstake integrates with Sylo to bring their staking protocol to the Sylo Smart Wallet

Blockchain4 days ago

dHEDGE launches tokenized index tracking its top 10-ranked traders

Blockchain4 days ago

Binance offers Tesla stock token, could Coinbase (COIN) follow?

Blockchain4 days ago

How COPA’s lawsuit against Craig Wright could benefit Bitcoin

Blockchain1 day ago

Dogecoin (DOGE) and Maker (MKR) soar as the altcoin market cap tops $1T

Blockchain4 days ago

Kraken Daily Market Report for April 12 2021

Blockchain1 day ago

CoinSmart Appoints Joe Tosti as Chief Compliance Officer

Trending