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Your ROG Strix X470-F uses an AM4 socket, which isn't compatible with Ryzen 5000 series CPUs. Consider upgrading to a Ryzen 7 3800X or a 5000 series CPU along with a new motherboard. Your GTX 1080 will still work, and you can plan for the 3070 later.
The latest update will include a refreshed biography for that board soon—details are already visible in today’s release notes.
I checked the Asus support page for the board and noticed a Beta BIOS version that claims "new CPU support." It warns against installing it when using older AM4 CPUs, stating it's not high recommended. This suggests a more stable BIOS with Ryzen 5000 compatibility is expected.
ROG Strix X470 F-Gaming model features a resizable BAR with a 5000-only capability. AMD has confirmed they will back the 5000 series on 400 series boards.
Thanks for the update, it's good to know they're keeping the x470 on board.
Amd announced their support for the 5000 series CPUs in the year 2017.
You're wondering about the timeline for the latest BIOS release and whether it's time to upgrade your CPU. It depends on the specific model you're using—check the manufacturer's website for the most accurate update schedule. If you're planning a purchase, consider getting the new BIOS before your current one expires to ensure compatibility.