this post was submitted on 04 Sep 2023
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As a fellow 1070 8GB user, I am in the same boat myself.
I believe you should wait for the newest 7700 XT and 7800 XT GPUs from AMD. One possible side-effect would be that Nvidia would be forced to cut prices for 4060 and 4070.
Then you can go ahead and make the best possible choice as per your budget.
My advice would be to save some more money, wait for some time and build a new system.
Note: The newest GPUs use the PCIE 4.0 interface. Not really sure if your motherboard is able to handle that.
A new GPU should be able to work on older interfaces, right? Sure, you get half the bandwidth to the CPU, but is that even the limit?
PCIE scaling is in low single digit percentages, so it isn't an issue unless you are min/maxing.