Radeon RX 6700 XT could be a flop for crypto miners

The first Radeon RX 6700 XT mining benchmarks have started to appear, bringing good news for gamers and not-so-good news for crypto currency miners. According to this first batch of tests, the RX 6700 XT will have a lower hash rate compared to the older RX 5700 XT.

These benchmarks were shared by Cryptomining Blog (via VideoCardz), revealing the mining performance of the Radeon RX 6700 XT for Ethereum and Ravencoin. When mining Ethereum, the RX 6700 XT manages a hash rate of around 43.5 MH/s, which is lower compared to a stock Radeon RX 5700 XT, which is capable of 50 MH/s.

When looking at Ravencoin, the RX 6700 XT fares a bit better, with a hash rate of around 22.7 MH/s, which is slightly higher than the RX 5700 XT, which scores around 21 MH/s. For comparison, the RTX 3060 at stock speeds sits in-between the two Radeon cards with a hash rate of 22 MH/s.

Considering these results, the RX 6700 XT may not appeal as much to crypto miners as there are other solutions that provide greater profitability at a faster rate. That doesn't mean that all supply and demand problems will be solved though, so we'll have to stay tuned and monitor availability post-launch.

The AMD Radeon RX 6700 XT is launching on the 18th of March with prices starting at $479. Discuss on our Facebook page, HERE.

KitGuru says: Do any of you happen to use your graphics card for mining as well as gaming? What do you think of the early RX 6700 XT mining benchmarks? 

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