Well I just looked and honestly I havent the slightest idea about what makes them different. They are both hyperthreaded haswell quad cores, the have the same amount of cache, run at the same speed, I dont know what diffrent about them other than the name. And the e3-1240 v3 is the old version, check out the 1241 v3 which is also pretty much exactly the same but that one turbos to 3.9ghz instead of 3.8.