Good news everybody: Nvidia's RTX 3050 appears to be rubbish at mining

Nvidia GeForce graphics card in a case
(Image credit: Nvidia)

It would appear that Nvidia's soon-to-be-released GeForce RTX 3050 features the company's Lite Hash Rate algorithm, or LHR for short. This is the same technology that Nvidia introduced with the RTX 3060, and has continued to use on cards to dissuade cryptocurrency miners from buying them. While there have been workarounds and hacks of the limiter, as well as unfortunate driver leaks, it still stands as one of the best deterrents for crypto miners.

As with any new card from Nvidia these days, the RTX 3050 is expected to ship with the LHR algorithm in place. Although this can't really be confirmed one way or the other until the cards actually hit the shelves. There's also the fact that even with the limiter, some cards remain tempting for miners, as they can still turn a fairly quick profit.

A source from China was highlighted by Videocardz, as to the mining performance figures for the RTX 3050. These were backed up with a screenshot showing the card managing 20MH/s for a mere four seconds before dropping down to 12.5MH/s at 73W. That equates to around 500 days of mining to get the return on investment on the card, assuming it costs $250. 

This makes the RTX 3050 a rubbish card for any miners looking to pick up a cheap graphics card, particularly in light of the recent cryptocurrency crash that has seen billions wiped off the crypto markets. Indeed, plenty of cards that were profitable, are now not looking quite so tasty right now. 

Tips and advice

The Nvidia RTX 3070 and AMD RX 6700 XT side by side on a colourful background

(Image credit: Future)

How to buy a graphics card: tips on buying a graphics card in the barren silicon landscape that is 2021

Bad news for miners, but good news for gamers, as this should mean there are more graphics cards for the thing they were designed for, i.e. playing games. There's only one question left now: Is the RTX 3050 any good at actually playing games? We'll find out on January 27th when the card is officially released.

It's worth noting that AMD's Radeon RX 6500 XT, launched last week, also set out to frustrate cryptocurrency miners by shipping with only 4GB of VRAM. The only downside being this also impacted PC gamers, as plenty of modern games demand more VRAM for high-res texture packs and more. Hopefully, Nvidia's approach with LHR, but still packing 8GB of VRAM pays off where AMD's failed. 

Alan Dexter

Alan has been writing about PC tech since before 3D graphics cards existed, and still vividly recalls having to fight with MS-DOS just to get games to load. He fondly remembers the killer combo of a Matrox Millenium and 3dfx Voodoo, and seeing Lara Croft in 3D for the first time. He's very glad hardware has advanced as much as it has though, and is particularly happy when putting the latest M.2 NVMe SSDs, AMD processors, and laptops through their paces. He has a long-lasting Magic: The Gathering obsession but limits this to MTG Arena these days.

Read more
Nvidia RTX 4060 Ti graphics card
Specs for Nvidia's new RTX 5050, 5060, and 5060 Ti GPUs leak out and that 5060 might actually be half decent. If it's priced right
Nvidia RTX 5070 Ti graphics card
Your next chance to secure an RTX 50-series graphics card at launch could be a 16 GB variant of the RTX 5060 Ti next month
Nvidia RTX 5080 Founders Edition graphics card from different angles
Nvidia's Verified Priority Access draw system returns to offer the chance to pay full price for RTX 5090 or RTX 5080 Founders Edition graphics cards
RTX 4070 Super and RTX 5070 graphics card, with another graphics card in the foreground
After a run of RTX 50-series launches with seemingly little availability and mega price tags, I'm left wondering 'is that it?'
Gigabyte G6X gaming laptop
More affordable sub-$1,000 RTX 50-series laptops likely coming in May as RTX 5060 and RTX 5050 models spotted online
Nvidia RTX 5070 graphics card
Is the new RTX 5070 really as fast as Nvidia's previous flagship RTX 4090 GPU? Turns out the answer is yes. Kinda.
Latest in Graphics Cards
XFX Radeon RX 9070 XT Quicksilver graphics card on a blue background with angel wings on either side
XFX is letting you add customisable 3D printed wings to its Quicksilver RX 9070-series graphics cards
Gigabyte G6X gaming laptop
More affordable sub-$1,000 RTX 50-series laptops likely coming in May as RTX 5060 and RTX 5050 models spotted online
Sapphire Pulse Radeon RX 9070 XT on a red and orange background
Some Sapphire RX 9070/9070 XT graphics cards have hard-to-spot foam inside that must be removed or it 'may result in a decrease in cooling capacity or product failure'
The PCIe slot on an Asus ROG Strix B850-F Gaming WiFi motherboard, showing the Q-release latch for GPUs.
Gigabyte seemingly mocks Asus' recent Q-release debacle with a video swapping out an RTX 5070 Ti 100 times
Cyberpunk upscaling
New modder tool makes it easier than ever to swap AMD's FSR 4 scaling for Nvidia's DLSS or Intel's XeSS and vice versa
Nvidia RTX 4060 Ti graphics card
Specs for Nvidia's new RTX 5050, 5060, and 5060 Ti GPUs leak out and that 5060 might actually be half decent. If it's priced right
Latest in News
Defiance players
A dead MMO that launched with a now-cancelled TV show in 2013 is coming back 4 years after servers were shut down
The OpenAI logo is being displayed on a smartphone with an AI brain visible in the background, in this photo illustration taken in Brussels, Belgium, on January 2, 2024. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)
OpenAI is working on a new AI model Sam Altman says is ‘good at creative writing’ but to me it reads like a 15-year-old's journal
Alma, the handler from Monster Hunter Wilds, closes her eyes and looks a little disappointed.
This impractical method of getting a 1-second capture time in Monster Hunter Wilds can make you the fastest hunter alive—on paper
Yoda Luke and R2 in Lego form.
Lego is going to make its videogames in-house from now on, says it would 'almost rather overinvest'
Microsoft Majorana 1 quantum processor
'This is essentially a fraudulent project': Some scientists are firing shots at Microsoft's recent quantum computing claims
 photo shows a factory tool that places lids on data center system-on-chips at an Intel fab in Chandler, Arizona, in December 2023. In February 2024, Intel Corporation launched Intel Foundry as the world’s first systems foundry for the AI era, delivering leadership in technology, resiliency and sustainability.
Return of the gigahertz wars: New Chinese transistor uses bismuth instead of silicon to potentially sock it to Intel and TSMC with 40% more speed