On February 7, 2019, AMD's hi-end video card, called the Radeon RX Vega 7, built on the trimmed GPU Vega 20 from the Radeon Instinct, went on sale. The GCN architecture of this GPU is 5 generations left, as in the previous Vega 64, so you should not expect any serious performance growth, which cannot be said about the memory subsystem, since in addition to its increase from 8Gb to 16Gb, AMD also more than doubled its memory bandwidth, which primarily affected the performance of this video card in mining with memory dependent algorithms (Ethash).

But first, let's compare the technical characteristics of Vega video cards of different generations:

 

Specifications Radeon RX Vega 56 Radeon RX Vega 64 Radeon RX Vega 7 Difference %*
Release date 28.07.2017 28.07.2017 07.02.2019  
GPU Vega 10XL Vega 10XT Vega 20XL  
Tech. process 14nm 14nm 7nm -50%
Frequency GPU (BOOST) 1156MHz (1471MHz) 1247Mhz(1546Mhz) 1400Mhz(1700Mhz) +10%
Cores 3584 4096 3840 -8%
GFLOPS FP32 10544 12665 13440 +6%
Memory 8GB HBM2 8GB HBM2 16GB HBM2 +100%
Memory bus width 2048bit 2048bit 4096bit +100%
Total memory bandwidth 410Gbit/s  484Gbit/s 1024Gbit/s +111%
Power usage  210W 295W 300W  +2%
Announced price, USD  329 USD 399 USD 699USD  +75%

*Comparing Vega 7 with Vega 64

If we compare the previous generation and look at the name of the GPU Vega 20XL, then soon we can expect a more productive version of the Vega 7 with a full set of ALU in the amount of 4096.

Judging by the specifications, AMD still worked with the Vega 20XL chip GPU circuitry, since with a smaller amount of ALU (-8%) and a commensurate increase in the frequency of the chip, the new generation of Vega shows an increase in performance in FP32 by 6%.

As everyone already knows in games, the Vega 7 video card surpasses its predecessor by 15-25%, which corresponds to a video card of the GTX1080ti level. But we are still more interested in the performance of new items in mining.

At the moment, there are only public results in the mining of this video card using the Ethash algorithm (Ethereum cryptocurrency), where, as expected, it showed itself from the best side, giving the hashrate out of the box, i.e. without overclocking, 90Mh/s.

amd radeon rx vega 7 hashrate ethash ethereum

For comparison, Vega 56 on the same algorithm gives 36-44 Mh/s.

Comparing the hashrate and the technical characteristics of video cards of different generations, we can conclude that the Vega 7 video card already rests on the capabilities of the GPU, and not the memory bandwidth. Because of this, in order to get better results, the Ethash algorithm will need to overclock the GPU, and not the memory, as is usually done with other video cards.

In any case, the mining efficiency of Ethereum, the Vega 7 video card, rises to a new level of at least 0.3 MH/W, which is comparable to the RTX2070 video card, which shows the best energy efficiency on Ethash at the moment.

For other mining algorithms, especially processor-specific, a similar performance increase twice from Vega 7 should not be expected, since GPU performance increased by only 6%.