According to a new report from VideoCardz, the GeForce RTX 3080 offers superior performance in Ethereum mining compared to the Radeon RX 5700.
With an integrated nicehash benchmark using the DaggerHashimoto algorithm, the GeForce RTX 3080 delivers a performance of approximately 73-74 MH/s. With maximum overclocked card memory, the hash rate increases to 84-89 MH/s (i.e. at 100% of the performance limit).
For comparison, the Radeon RX 5700 series delivers about 50-54 MH/s in Ethereum mining with DaggerHashimoto, which is also comparable to the GeForce RTX 2080 Ti, which delivers about 54 MH/s. It is worth mentioning that Dagger-Hashimoto is an early version of the Ethreum-Ethash algorithm for mining. This is a memory algorithm designed to be ASIC resistant.
The page makes clear that these hash values were taken quickly, so it is not advisable to take them as a long-term reference point.
Finally, the hash rate of 92-93 MH/s was only observed over a short period of time.
This means that the GeForce RTX 3080 is almost twice as powerful as the AMD Radeon RX 5700 and the RTX 2080 Ti. Obviously, the values of the Nvidia GPU can be further improved, since it only needs further testing to find its optimal performance. However, if the Ethereum’s value continues to rise, this will be bad news for consumers.