Yes!
Its more powerful than:
GeForce GTX 480 (1.34 TFLOPS)
GeForce GTX 580 (1.58 TFLOPS)
Its almost equal to:
GeForce GTX 660 (1.9 TFLOPS)
Its less powerful than:
GeForce GTX 680 (3 TFLOPS)
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src:
http://www.pcpro.co.uk/reviews/graphics-cards/362647/nvidia-geforce-gtx-580
http://www.nordichardware.com/Graphics/geforce-gtx-660-for-oems-appears-on-nvidias-website.html
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So as we can see its quite a bit more powerful than what was considered bleeding edge in 2011 and only the latest and most expensive and powerfull current GPUs gain considerable edge over it.
Noone has ever optimised a game for such powerful hardware. We have not yet seen how a game optimised for it might look. Forget Crysis 3 on ultra settings - games that the new PS4 shall bring us will wipe floor with it. Crysis 3 on ultra runs just fine on the less powerful GTX 580 afterall, and that is even further slowed down through API.
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