NVIDIA’s GeForce RTX 30 graphics cards are being devoured by miners because of the crypto-mining capabilities they offer, but due to severe shortages, miners are now looking at other alternatives to Ethereum GPU mining, and it looks like one user in China the solution in the form of GeForce RTX 30 series GPUs based on notebooks.
Miners in cryptocurrency collect NVIDIA’s GeForce RTX 30 laptops, and set up Massive Ethereum GPU Mining Farm in China
Due to the explosion in the pace of Ethereum since last year, GPU mining has become popular again and miners are trying to get everything they can get, especially NVIDIA’s GeForce RTX 30 series GPUs. So far we have only seen cryptocurrency farms that use graphics cards, but because no one can buy in large quantities anymore, users are now getting their hands on the latest laptops that contain the same chips.
NVIDIA announced its GeForce RTX 30 GPUs at CES 2021 and several models are now being sold at various stores around the world. Just like the shortage at the table, the laptop market could also see severe shortages in the coming months and quarters as the crypto boom continues and miners let the supply dry up.
The mining vehicle pictured consists of more than 40 laptops from the Chinese brand Hasee and features the GeForce RTX 3070 mobility GPU. The GeForce RTX 3060 laptop solution certainly does not match the desktop variant which offers much better specifications and also does not have a lower price. According to NVIDIA itself, the RTX 3060 laptops start at $ 999 US. and the miners can save a penny by buying in bulk, but in the end they pay at least $ 600 US more for the laptop variant. In addition, they also have unnecessary hardware that the laptops have. At the same time, the laptop variants have reduced TGPs that can save electricity costs and offer higher crypto-mining rates.
The leak mentions that the laptops need to be put in tent mode to cool the GPU optimally as it will work 24/7. You can also see a very interesting exhaust ventilation consisting of 32 120mm fans mounted in the window to let warm air out of the room. This is certainly informative information to help its other fellow miners, but not good for the industry that has severe GPU shortages.
In addition, a content producer and creator at Bilibili has shown how easy it is to exploit with an NVIDIA GeForce RTX 3060 based laptop. The graphics chip was able to exploit Ethereum within 2 hours at 0.00053009 rates while we were sitting at Starbucks, so we’m talking free electricity here.
A more detailed earnings analysis is provided by TechARP, which suggests that the NVIDIA GeForce RTX 3060 could earn up to 2.3217942 ETH per year. It’s about US $ 3700, which means you can recover the cost of your laptop fairly easily and even earn a small profit, as these laptops do not consume as much power as the desktop variants mentioned above.
You can see the full breakdown below:
Based on her experience, we can assume that the average GeForce RTX 3060 laptop can produce:
- 0.000265045 ETH per hour
- 0.00636108 ETH per day
- 0.1908324 ETH per month (30 days)
- 2.3217942 ETH per year
So that mining rig with 20 Hasee laptops what you saw above, at current prices, could make about:
- $ 8,908 per hour
- $ 213.80 per day
- $ 6,413.87 per month (30 days)
- $ 78,035 per year
Chinese electricity costs about RMB 0.545, or about US $ 0.084, per kWh.
Assuming that each laptop uses about 250 watts of power (including the external fans it may have), it works out approximately US $ 3,679.20 per year.
Its net profit for the mining equipment for 20 laptops would therefore be US $ 74,356 per yearat current prices.
This is an incredible ROI of 30.8% per month, which means he will recover the cost of the entire rig ($ 20,100) in just under 3.5 months!
This is actually 2.9 times higher ROI than the GeForce RTX 3080 mining card with 78 cards!
Well, we would say these are definitely interesting things from the Chinese people and for the mining community, but at the same time we know many fellow gamers who are unable to get an NVIDIA GeForce RTX 30 GPU based notebook now contribute to their frustration over GPU deficits and price increases.
News sources: Ek_Lek_VN , F2Pool, BTCer (Weibo)