depends on what you are attempting to transcode.
4k? nope
1080 decoode/encode, k2000 maybe
7000 is not even listed on the chart linked, so I am guessing it does not have any decode/encode support.
for 4k support you need minimum of 960 gtx (gm206), gtx 10-series, or quadro P-series
note also, p2000 is minimum for unrestricted ENCODE, though there is a patch (see google) to unlock other cards.
see also, you really shouldn’t transcode 4k anyway @ Plex, 4k, transcoding, and you - aka the rules of 4k - a FAQ