Premiere Pro Performance Issues with RTX 3060 and RTX 3080 12GB

Description:

Hello ,

I'm encountering some performance issues with Premiere Pro and my new RTX 3060 and RTX 3080 12GB GPUs. Previously, I was using an ADM W9100 and Premiere Pro was working fine. However, after switching to the RTX GPUs, I'm experiencing the dreaded "Media Pending" screen and sluggish performance.

I've tried importing a file from the source, which displayed a picture, but Premiere Pro is not playing or performing smoothly. I attempted to change the CUDA settings in the project settings, which improved the situation slightly, but I'm still unable to complete any real work.

System Specs:

RTX 3060 and RTX 3080 12GB GPUs
64 GB RAM, kingston Fury Beast DDR5 RGB 32GB 5600MT/s DDR5

Intel Core i7-12700F is a 12th generation
Deepcool LE720 ARGB AIO Liquid CPU Cooler is a 360mm radiator
Steps Taken:

Imported a file from the source, which displayed a picture but did not play smoothly.
Changed CUDA settings in the project settings, which improved performance slightly.
Issue:

"Media Pending" screen
Sluggish performance
Inability to complete real work
Request for Assistance:

I'm seeking advice and guidance from the Adobe Community on how to resolve these performance issues. Any help or suggestions would be greatly appreciated.

Thank you in advance for your assistance.

Best,