NVIDIA V100 Volta GPU — Ethereum, Ravencoin & Altcoin Mining Performance

BUY FROM AMAZON

The NVIDIA V100, released in June 2017, is a high-performance graphics processing unit (GPU) that quickly gained recognition for its advanced capabilities. With a market price of around $6400 and a thermal design power (TDP) that reflects its computational intensity, the V100 found applications in various domains. It has proven particularly effective in cryptocurrency mining. We will look into the NVIDIA V100’s technical specifications, its impact on cryptocurrency mining, and its broader relevance in high-performance computing.

Technical Specifications and Architecture

The NVIDIA V100 is based on the Volta architecture. It is equipped with 5120 CUDA cores and 640 Tensor cores. These cores enable it to deliver exceptional performance in both traditional GPU tasks and deep learning applications. The V100 incorporates 16 GB of HBM2 memory. This provides a high memory bandwidth of approximately 900 GB/s. This bandwidth is crucial for data-intensive workloads. The V100 supports features such as NVLink. NVLink allows for high-speed communication between multiple GPUs, enhancing scalability for large-scale computing tasks. The typical operating temperature of the V100 can reach up to 88 degrees Celsius under heavy load. This necessitates robust cooling solutions to maintain optimal performance.

Cryptocurrency Mining Performance

In 2018, the NVIDIA V100 emerged as a popular choice for cryptocurrency mining. Its high computational power and memory bandwidth made it particularly effective for mining algorithms like Ethereum. Mining groups reported impressive hash rates with the V100. This established its position as a top-tier option for cryptocurrency mining operations. Find Out how to make a profit of approximately 20. 30 dollars per day.

Ethereum Mining

The NVIDIA V100 achieved impressive Ethereum mining hash rates. Some users reported rates as high as 94 MH/s using optimized drivers and settings. This performance level made the V100 a sought-after GPU for Ethereum mining, despite its high cost.

Ravencoin Mining

Ravencoin is a cryptocurrency that emerged as a fork of Bitcoin. It aims to provide a platform for the creation and transfer of digital assets. The mining process involves verifying transactions on the Ravencoin blockchain and providing security for the network. Miners receive block rewards in the form of RVN. By utilizing the NVIDIA V100 GPU, miners can achieve significant hashing power, which increases their chances of earning rewards.

The estimated daily revenue from mining Ravencoin with an NVIDIA V100 GPU operating at 24 MH/s is forecasted to be between 40 and 60 RVN. This translates to an estimated revenue of approximately 0. 70 to 1. 20 USD per day given the price of RVN in October 2025, which ranges from 0. 015 to 0. 02 USD. An understanding of these figures is crucial for miners to assess the viability of their operations.

Electricity costs play a significant role in determining mining profitability. The NVIDIA V100 GPU consumes about 250 watts. Over a 24-hour period, this results in a daily consumption of 6 kWh. Assuming an average electricity rate of 0. 10 USD per kWh, the daily electricity cost amounts to 0. 60 USD. By calculating profits, we can see variations depending on revenue estimates.

When we consider the lower revenue estimate of 0. 70 USD, the profit calculation reveals a minimal profit margin. Subtracting the electricity costs (0. 60 USD) from the revenue, the miner would make approximately 0. 10 USD per day. Conversely, at the upper revenue estimate of 1. 20 USD, after accounting for electricity costs, the profit increases to around 0. 60 USD per day. This analysis highlights the delicate balance between revenue, costs, and overall profitability in cryptocurrency mining.

Extrapolating these daily profits to a weekly, monthly, and yearly timeframe further illustrates the potential financial outcomes for miners. Over a week, assuming consistent earnings, the minimum profit could be estimated at 0. 70 USD, while the maximum may reach 4. 20 USD. A monthly projection gives an approximate range from 3 USD to 18 USD, while yearly profits could range between 36 USD and 219 USD. Such calculations are pivotal for individuals considering mining as an investment.

Comparison with AMD Alternatives

While the V100 delivered strong performance, AMD’s RX Vega 64 presented a competitive alternative. Overclocked RX Vega 64 cards achieved hash rates of around 38-42 MH/s. This made them a cost-effective solution for Ethereum mining. However, the V100’s superior memory bandwidth and overall computational power gave it an edge in certain mining algorithms and applications.

Mining Profitability

The profitability of mining with the NVIDIA V100 varied based on cryptocurrency prices and mining difficulty. At certain times, the annual profit from mining with a V100 was approximately $2125, or 0. 05468024 BTC. The average daily profit was around $6, or 0. 00014940 BTC. These figures fluctuated significantly depending on market conditions and the specific cryptocurrency being mined.

Overclocking Settings and Power Consumption

Optimizing the NVIDIA V100 for mining involved specific overclocking settings. A common configuration included setting the power limit to 100%, increasing the core clock, and adjusting memory settings. This typically resulted in a power consumption of around 250 watts per hour. Fine-tuning these settings was essential to maximize hash rate while maintaining thermal stability.

Competition and Alternatives

While the NVIDIA V100 set a high standard for GPU performance, it faced competition from AMD and other chip manufacturers. AMD’s Radeon Instinct series offered alternative solutions for HPC and deep learning. Intel’s entry into the GPU market with its Xe architecture also introduced new possibilities for accelerated computing.

New memory technologies, such as HBM3 and GDDR7, promise to deliver even higher memory bandwidth and capacity. This will further enhance the performance of GPUs in data-intensive applications.

Coin Algorithm Hashrate
Ethereum (ETH) DaggerHashimoto ETH 89.5 MH/S
Ethereum Classic (ETC) Etchash 89.5 MH/S
Ravencoin (RVN) KawPow 50.2 MH/S
Expanse (EXP) DaggerHashimoto EXP 89.5 MH/S
Ubiq (UBQ) Ubqhash 89.5 MH/S
Beam (BEAM) BeamHashIII 37.5 H/S

Ethereum Mining Hashrate : 94 MH/s

Zcash Mining Hashrate : 950 sol/s

Monero Mining Hashrate : 1675 H/S

NVIDIA Tesla V100 OverClocking Settings :