Nvidia 3050’s Awful Mining Performance Might Spell Great News for Stock!

Following the recent release of the AMD Radeon RX 6500 XT, you may recall that one of the key reasons this was limited to only 4GB of VRAM was specifically to make the GPU effectively useless for cryptocurrency mining. With the Nvidia GeForce RTX 3050 set to feature 8GB, however, legitimate concerns were raised that with its supposed low cost, this might become the next go-to graphics card for mass-mining operations.

Following a report via TechSpot, however, there is some excellent news. In a nutshell, the 3050 is awful at mining, and that, by proxy, might mean that stock levels for the GPU stand a significantly better chance of being actually decent!

Nvidia GeForce RTX 3050 – Bad For Miners, Good for Us!

Following testing on leaked sample models, it has been confirmed that the Nvidia 3050 definitely features their LHR (lite hash rate) mining technology. This has resulted in the graphics card only being capable of a mining performance of around 13.66 MH/s. – A pretty pathetic figure even despite its relatively minimal 75-watt power requirements and overall lower cost when compared to higher-tier models. And this is especially so though given that it gets outperformed by much older GPUs such as the 1060 and 1660 Ti, which, comparatively, would be far more affordable.

Put simply, it would appear that miners are likely going to have literally zero interest in the 3050 which might, fingers crossed, spell some excellent news for us consumers!

There Might Actually Be Stock!

Presuming that miners are going to take no interest in the 3050, this will, all going well, result in significantly higher levels of stock hitting retailers. This will, at least in theory, not only mean that this graphics card will be available to buy in decent quantities, but also that a lack of overall demand might see it actually hold something of a reasonable price tag. – No, we don’t expect to see this come anything close to the supposed ‘starting at’ cost of £229. It is, however, entirely possible that models could be available for less than £300.

It’s just a theory, but lets keep our fingers crossed that this could potentially be a reality!

What do you think? – Let us know in the comments!

Mike Sanders

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