AMD has announced that on March 3rd at 11am ET will be introducing its newest addition to the Radeon RX family of high-performance graphic cards. The announcement will be a part of the Where Gaming Begins: Episode 3 online event and everyone is expecting to see the Radeon RX 6700 XT revealed and maybe the Radeon RX 6700 (non-XT model as well). The rumours circling around claim that the RX 6700 XT will have 40 compute units, 2560 cores, and 12 GB 192-bit GDDR6 video memory onboard while the non-XT model RX 6700 will have only 36 compute units and 2304 cores, but also equipped with 12GB GDDR6 video memory and a 192-bit wide memory bus (the VRAM could also e just 6GB, hopefully still with 192-bit bus though). The March 3rd will mark only the announcement of the new GPU(s) while market availability is expected for 18th with prices most likely not going to be anywhere near what everyone is expecting from this new mid-range GPU from AMD.
The AMD Radeon RX 6700 XT is probably designed to compete with the Nvidia GeForce RTX 3060 Ti, while the Radeon RX 6700 is probably targeted at the GeForce RTX 3060 as far as gaming is concerned. If looking at crypto mining capabilities, then both the RX 6700 XT and RX 6700 should be capable of providing performance similar to that of the RTX 3060, especially regarding the mining of Ethereum. Now, the good news for the new AMD GPUs is that they will most likely not have any kind of artificial limiter for the mining hashrarte like Nvidia did with their RTX 3060 GPUs. This means that the RX 6700 XT and RX 6700 should most likely be capable of delivering 40-45 MH/s Ethereum mining hashrate thanks to the 12GB GDDR6 memory with 192-bit wide memory bus. The RTX 3060 Ti and RTX 3070 form Nvidia do use GDDR6 as well, but utilize wider 256-bit memory bus and are thus capable of higher mining hashrate for Ethereum mining.
While the upcoming AMD Radeon RX 6700 series of GPUs may become the Etheruem miners’ new best friend in terms of performance and efficiency (hopefully), they will most likely have limited availability and prices that are much higher than the recommended end user price. We’ve seen that with the recent release of RTX 3060 from Nvidia – even though the company has limited the mining hahsrate, it was still hard to find and was sold at a serious premium over the expected retail price. AMD probably does not have that much stock for their new GPUs and they were kind of in a hurry to come up with an alternative to the RTX 3060 at least on paper with actual market availability planned for a later time. Still, it will be interesting to see what these GPUs will be capable of not only in terms of Ethereum mining, but also in other crypto mining algorithms as well.