AMD Radeon RX 470 's Advantages
Released 1 years and 3 months late
Boost Clock has increased by 55% (1206MHz vs 780MHz)
More VRAM (4GB vs 2GB)
Larger VRAM bandwidth (211.2GB/s vs 64.00GB/s)
1664 additional rendering cores
AMD Radeon R7 340 OEM 's Advantages
Lower TDP (50W vs 120W)