Chinese miners buy laptops with GeForce RTX 30 series graphics cards for Ethereum mining

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Chinese miners buy laptops with GeForce RTX 30 series graphics cards for Ethereum mining

The Ethereum cryptocurrency price has grown so much that it has become profitable to mine it on laptops. As the VideoCardz resource writes, Chinese miners, amid a shortage of video cards, switched to buying laptops with GeForce RTX 30 series graphics accelerators, which appeared on the market quite recently.

Laptop Mining
Laptop Mining

Since November last year, the Ethereum (ETH) cryptocurrency value, which is one of the most popular among miners who mine it using video cards, has tripled. There are many horror stories on the Web that Chinese miners are lining up in whole queues in front of NVIDIA partners’ factories in the hope of buying graphics accelerators past stores.

Unfortunately, some manufacturers agree to such deals as miners are willing to pay a third more than distributors. Besides, in this case, video cards are covered by a limited warranty or no warranty, which is beneficial to the seller.

A new method of mining cryptocurrency is gradually gaining popularity in China. As it turned out, gaming laptops equipped with GeForce RTX 30 series graphics cards are an excellent platform for mining. It is reported that people began to massively buy laptops equipped with mobile GeForce RTX 3070 video cards and create entire farms on their basis.

The cost of laptops with such video cards cannot be called low. But miners are ready to overpay since it turned out to be very profitable to mine ETH with their help. At the moment, it seems absurd that NVIDIA does not react in any way to the current market situation without introducing strict restrictions that would allow avoiding such things.

Equally questionable is that GPU mining is generally possible on systems that are not intended for this. The current state of affairs, together with the upcoming Chinese New Year, when almost all factories are shutting down in the country, will definitely affect laptops’ availability with GeForce RTX 30 series graphics accelerators.

Just how absurdly profitable mining Ethereum cryptocurrency with a laptop has become was demonstrated (purely for entertainment purposes) by a digital content creator with the pseudonym Fish Pond F2pool from the Bilibili platform.

The girl took a laptop equipped with a mobile video card, GeForce RTX 3060, and went to drink coffee at the local Starbucks. Plugging the device into an outlet, she earned 0.00053 ETH in two hours sitting in a cafe, equivalent to $ 0.89 – quite enough to pay for the purchased coffee cup.

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