Nvidia Geforce RTX 4070: A Comprehensive Review of Cryptocurrency Mining Performance and Efficiency

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Nvidia’s RTX 4070 graphics card, part of the latest Ada Lovelace generation, has sparked significant interest in the mining community due to its potential GPU performance in cryptocurrency mining for Nexa, Kaspa, and other cryptocurrencies.

Technical Specifications

Here are a few of the technical specifications for the RTX 4070 in comparison with other graphics card models:

  • Release Date: April 13, 2023
  • Frequency GPU (BOOST) MHz: 1920 (2475)
  • Cuda Cores: 5888
  • GFLOPS FP32: 29150
  • Memory: 12Gb GDDR6X
  • Memory Bus Width: 192
  • Total Memory Bandwidth: 504
  • Power Usage: 200W
  • Announced Price: $599
RTX 4070 Mining
RTX 4070 Mining

Hashrate Performance

The RTX 4070 demonstrated the following performance on various mining algorithms:

  • ETHash/ETChash (Ethereum classic): 63Mh/s 124W
  • KheavyHash (Kaspa): 878 Mh/s 105W
  • KawPow (Ravencoin): 33Mh/s 160W
  • Zelhash (Flux): 67H/s 124W
  • NexaPow (Nexa): 122Mh/s 173W
  • Autolykos2 (Ergo): 134Mh/s 83W
  • DynexSolve (Dynex): 2.9Mh/s 55W
  • Radiant (Radiant): 1.2GH/s 105W
  • Blake3 (Alephium): 1.84Gh/s 116W
  • ERGO (autolykos2): 132Mh/s 100W

Credit: https://cryptoage.com/en/3201-nvidia-geforce-rtx-4070-hashrate-in-cryptocurrency-mining.html

In Review

In the comparison of the Nvidia RTX 3000 and RTX 4000 series, the new RTX 4000 series shows a significant increase in hashrate on GPU-dependent algorithms like Kaspa. This can be attributed to major improvements made to the GPU in the RTX 4000 series.

However, the RTX 4070, despite its more advanced GDDR6X memory and larger 12GB size (compared to the RTX 3070’s 8GB), has a narrower 192-bit memory bus, compared to the 256-bit bus in the RTX 3000 series. This has resulted in similar hashrates for memory-dependent algorithms like Ethash and ETChash, though with lower power consumption.

For GPU-dependent algorithms, the RTX 4070 and the entire RTX 4000 series represent a good choice in terms of price-to-hashrate ratio. However, for ETHash algorithms and its derivatives, the RTX 4070 doesn’t fare as well when considering its price relative to last year’s RTX 3070 and the RTX 3070 Ti.

For those who can find the RTX 4090 at a good price and can handle its higher heat output, this graphics card is not only the ultimate mining solution but also one of the most profitable in terms of return on investment.

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