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GIGABYTE Z68 Designed for PCI Express Gen.3 Support

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Kind of depends on what you mean by support.
The pcie 2.0 switches on x8/x8 boards will limit you to only 8 lanes of pcie 3.0.
If there are no switches then you'll get pcie 3.0.
(switches are little .25" by .75" things with a ton of pins near the primary PCIe slot)
 
pcie 3.0 does not use more lanes it transfers more bits per lane so it's backwards compatible.

here is the link on specifications.http://www.pcisig.com/news_room/faqs/pcie3.0_faq/#EQ3

Q: How does the PCIe 3.0 8GT/s “double” the PCIe 2.0 5GT/s bit rate?

A: The PCIe 2.0 bit rate is specified at 5GT/s, but with the 20 percent performance overhead of the 8b/10b encoding scheme, the delivered bandwidth is actually 4Gbps. PCIe 3.0 removes the requirement for 8b/10b encoding and uses a more efficient 128b/130b encoding scheme instead. By removing this overhead, the interconnect bandwidth can be doubled to 8Gbps with the implementation of the PCIe 3.0 specification. This bandwidth is the same as an interconnect running at 10GT/s with the 8b/10b encoding overhead. In this way, the PCIe 3.0 specifications deliver the same effective bandwidth, but without the prohibitive penalties associated with 10GT/s signaling, such as PHY design complexity and increased silicon die size and power. The following table summarizes the bit rate and approximate bandwidths for the various generations of the PCIe architecture:

approximate bandwidths for the various generations of the PCIe architecture:

PCIe architecture Raw bit rate Interconnect bandwidth Bandwidth per lane per direction Total bandwidth for x16 link
PCIe 1.x 2.5GT/s 2Gbps ~250MB/s ~8GB/s
PCIe 2.x 5.0GT/s 4Gbps ~500MB/s ~16GB/s
PCIe 3.0 8.0GT/s 8Gbps ~1GB/s ~32GB/s
 
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The switch ICs are only rated at PCIe 2.0, they almost certainly are not going to cut it at PCIe 3.0, and because the second half of the first x16 slot goes through those switches it may be an issue.

I thought we already went through this when gigabyte claimed it a month or two ago.

They're "PCIe 3.0 compatible" in that you can use a PCIe 3.0 card in them (at pcie 2.0...) or with a IB CPU you can run PCIe 3.0 (at x8...).
That's why there are so many newer z68 boards that are unchanged other than PCIe 3.0 support in the title (and ICs on the board).
 
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