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A week ago Nvidia released the GeForce RTX 3080 Ti and feedback from reviewers was almost entirely negative. There wasn’t a lot to like as Nvidia is charging 80% of the cost for an RTX 3090, but only gave gamers half as much memory and a much smaller FE graphics card. Put differently, the Ti is an RTX 3080 with 2GB more VRAM for a 71% increase in price. The extra cores amounted to a 10% boost on average, so a negligible performance uplift.
For gamers, the RTX 3080 Ti is a flop, but for Nvidia it allows them to cash in big time on silicon that wasn't good enough to be binned for use as an RTX 3090, extending their profit margins.
The GeForce RTX 3070 Ti comes in at half the price, which is quite incredible and just goes to show how ridiculous the 3080 Ti's pricing is. The 50% reduction in price sees a 40% drop in core count, 14% fewer ROPs, 33% less memory bandwidth and capacity. The new Ti is based on the same GA104 silicon as the RTX 3070.
The upgrade to 19 Gbps memory from 14 Gbps means that the 256-bit wide memory bus now has a theoretical peak bandwidth of 608 GB/s up from 448 GB/s, a 36% increase.
There are probably much cheaper GPUs you could use for playing competitive titles, but if you want ~300 fps using the maximum visual quality settings, the 3070 Ti will suffice as it delivered RX 6800-like performance, making it just 13% slower than the 6800 XT, but also 6% faster than the 3070.
The 4K frame rates are a lot less ridiculous as the 3070 Ti was good for 152 fps on average, placing it ahead of the RX 6800 by a small 4% margin.