Wow. Some real misleading information now on this thread...
Allow me to set the record straight, as I own, load for, shoot and kill things with both the 30-30 Win and 7.62x39.
First, most if not all 30-30 factory loads approach NOWHERE NEAR the velocities printed on their boxes. For instance, both Winchester and Federal factory 150 grain 30-30 loads show 2390 fps.. I happen to have chrono'd both of those and out of my pre-64 model 94, I get a whopping 2175-2200 fps! That combined with the terrible BC's of round and flat-nosed conventional 30-30 ammo gives the shooter less than 1K ft. lbs. of energy at just 200 yards.
Now, the LeverEvolution ammo by Hornady - while expensive - is a game changer for the 30-30. I have chrono'd that factory ammo at 2350 fps., and combined with the decent BC of the 160-grain FTX bullet, it delivers very respectable energy (over 1K ft. lbs. IIRC) out to 300 yards.
So, what can the 7.62x39 in a BOLT ACTION (the topic of this thread, might I reminds some here...) do by comparison? Well, sure, the so-called "standard" 123-grain bullet will be pulling about 2400-2500 fps. out of my bolt gun. I have chrono'd Academy steel case Monarch ammo at 2540 (just like the box says) and Hornady SST steel case factory ammo at 2450 fps. I've also chrono'd the factory steel case Tula 154-grain soft points at 2250 fps. What's that you say? 2250 with 154 grains reminds you of something? Why, sure it does. It's just about the same as the factory 30-30 ammo I mentioned above. EXCEPT, it's a spire point with a lot better BC. So if we're just comparing "cheap" ($15/box) factory 30-30 ammo to "really cheap" ($6/box) factory 7.62x39 ammo, then it's a wash in the performance arena, but a near 3x advantage in the budget arena.
But let's talk hand loads for a minute...
What if someone were to take a higher BC bullet like the 125-grain Nosler Ballistic tip that I have loaded in my Lapua 7.62x39 brass, and shoot it over 27 grains of RL-7. Well, they would get - in a good bolt action rifle - about 2500 fps. (sound familiar?) at the muzzle, and because of the good BC, continue to enjoy more downrange energy beyond 200 yards than just about any 30-30 load except the $24/box Hornady LeverEvolution.
What if one were to load that 160-grain FTX bullet in their 7.62x39? What then? Well I've done it and I get 2300 fps. out of my 20" barrel with 25 grains of RL-7, which is only about 50 fps. behind the 30-30 but a whole lot less expensive.
Now, this is coming from a lifetime 30-30 shooter that killed 1) his first rifle-shot deer with a 30-30 (and the next dozen or so) and 2) about 300-400 feral pigs with that same 30-30. My 30-30 is my very first deer rifle. I love that gun. But I also have a degree in science and numbers don't lie. So, believe what you want, but I know what I see from my own guns.