Very definitely capable.
Try and build the latest Spigot Minecraft server on a Pi, then tell me it's good enough.
I'd blame the website and/or browser for that. Many sites see the Arm processor and feed the mobile site to the Pi, many browsers however can be set to use the desktop version of the site which in my experience is just as fast as an x86 site.
As I said, without knowing the OP's needs (and your example is quite specific), the question is impossible to answer. Would you run SkyRim on a 486 dx66 with 8 meg of ram?
The Pi3B+ is rated for the same CPU clock speed as a dual Opteron-240 system I built in late 2002....1.4GHz. It has half the memory (1GB vs. 2GB of ECC). I/O speed is limited to 480Mb/s (USB 2.0) vs. SATA-I (15Gb/s), but I can run a Pi3B+ from an SSD (no seek time, no rotational delay) vs. 3 36GB 10Krpm WD Raptor HDDs (probably just about a wash). The VC4 can surely outperform the nVidia 5200 graphics card in the older system, but that GPU has it's own VRAM. Both systems can run 64-bit code, even if the Pi3B+ normally doesn't. The older machine cast $2000 to build. The Pi3B+: $35, plus peripherals. Call it $100 when you include MSD.
Sure yes, building a large project all in one go like that takes ages (but surprisingly, it is doable, even on a Pi Zero).
I wonder if using zram (basically compression) will help?I have been using my PI3B as a desktop for 3 months and it is doable but not pleasant
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