AMD Radeon RX 7700 XT Cryptocurrency Mining Hashrate

radeon rx7700xt mining hash rateAlmost a year after announcing their flagship graphics card models, the RX 7900 series, AMD released their mid-budget models, the RX 7700 XT and RX 7800 XT, in September 2023. During the times of the RX 480 and RX 580, AMD's offerings were the most profitable graphics cards for mining in terms of price/performance ratio and were in high demand among both miners and gamers. However, considering the long delay in the release of the RX 7800 XT and RX 7700 XT, even AMD itself seems uncertain about the success of these graphics cards. Nevertheless, we will still evaluate the new RX 7700 XT from AMD for its use in cryptocurrency mining and compare it with competing solutions from Nvidia.

Technical Specifications of the AMD Radeon RX 7700 XT Graphics Card

Specifications RX 5700XT RX 6700XT RX 7700XT

RTX 4060 Ti

RTX 4070

Release date 11.06.2019 18.03.2021 06.09.2023 24.05.2023 13.04.2023
Frequency GPU (BOOST) MHz 1605(1905) 2321(2581) 1900 (2544) 2310 (2540) 1920 (2475)
ALU Cores 2560 2560 3456 4352 5888
GFLOPS FP32 9750 13210 35170 22060 29150
Memory 8GB GDDR6 12Gb GDDR6 12Gb GDDR6 8Gb GDRR6 12Gb GDDR6X
Memory bus width 256bit 192bit  192bit 128bit 192bit
Total memory bandwidth 448Gbit/s 384Gbit/s 432Gbit/s 288Gbit/s 504Gbit/s
Infinity Cash - 96Mb 48Mb - -
Power usage 225W 230W 245W 160W 200W
Announced price, USD 449USD 479USD 489USD 399USD 599USD






















Hashrate of the AMD Radeon RX 7700 XT Graphics Card

EThash (ETChash) - 50Mh/s 140W

KawPow - 26Mh/s 240W

Blake3 - 1,45Gh/s 105W

IronFish - 13,1Gh/s 96W

Autolykos2 - 93Mh/s 130W

As seen in the table, the mining performance of AMD's mid-budget graphics cards has remained stagnant for the last three generations, unlike the price, which has increased. When compared to Nvidia's solutions, we observe similar trends, where the mining performance of graphics cards not only does not increase but, in fact, decreases on some mining algorithms (ETChash), while the price continues to rise with each generation. Moreover, when comparing the cost per megahash, Nvidia's products traditionally come out more expensive on most mining algorithms. However, the price advantage of AMD graphics cards is not as significant as it was between 2016 and 2020. Taking into account that Nvidia graphics cards are noticeably more energy-efficient than their competitors, considering the current realities of mining on graphics cards, GeForce cards with a higher price tag would pay off even faster than cheaper and more performance-oriented models from AMD.

In conclusion, it can be said that AMD did not manage to introduce a universal solution for miners that would meet all their needs and, at the same time, outperform competing products in all aspects, as was the case with the Radeon RX 580 graphics cards.