NVIDIA GeForce RTX 30 desktop video cards are being swallowed up by miners due to the mining encryption capabilities they have to offer, but due to the severe shortage, miners are now looking for other alternatives to Ethereum GPU mining and a user in the China seemed to have found the solution in the form of notebooks based on GeForce RTX 30 series GPUs.
Cryptocurrency miners swallow NVIDIA GeForce RTX 30 laptops and set up an Ethereum GPU mining farm in China
Due to the explosion in the Ethereum rate since last year, GPU mining has once again become popular and miners are trying to get everything they can, especially NVIDIA’s GeForce RTX 30 GPUs. So far, we’ve only seen cryptocurrency mining farms that used desktop graphics cards, but since no one else can buy these in bulk, users are now getting the latest laptops with the same chips.
NVIDIA announced its GeForce RTX 30 GPUs at CES 2021 and several models are being sold at various points of sale around the world. However, as well as a shortage of desktops, the laptop market could also suffer a severe shortage in the coming months and quarters, as the crypto boom continues and mining companies cut off supplies.
The mining platform that was illustrated 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 is definitely not similar to the desktop variant, which offers much better specifications and also it doesn’t have a lower price. According to NVIDIA itself, RTX 3060 laptops start at $ 999 and miners can save a penny by buying in bulk, but end up paying at least $ 600 more for the laptop version. In addition, they also end up with unnecessary hardware that laptops have. At the same time, laptop variants feature reduced TGPs, which can save electricity costs and offer higher encryption mining rates.
The leak mentions that laptops need to be placed in tent mode to provide the ideal cooling for the GPU, as they would run 24 hours a day, 7 days a week. You can also see a very interesting exhaust outlet that is made up of 32 120 mm fans installed in the window to exhaust the hot air in the room. This is definitely insightful information to help your fellow miners, but it is not good for the industry that faces a severe shortage of gaming GPUs.
In addition, a producer and content creator from Bilibili showed how easy it is to mine with an NVIDIA GeForce RTX 3060 laptop. The graphics chip was able to extract Ethereum at rates of 0.00053009 in 2 hours while sitting at Starbucks, so we’re talking of free electricity here.
A more detailed earnings analysis is provided by TechARP, which suggests that NVIDIA GeForce RTX 3060 can earn up to 2.3217942 ETH per year. That’s about $ 3700, which means you’ll be able to recover the cost of your laptop quite easily and even make a small profit, considering that these laptops don’t consume as much energy as the desktop variants mentioned above.
You can see the full breakdown of earnings below:
Based on your experience, we can estimate that an 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 platform with 20 Hasee laptops that you saw up there could do, at current prices, about:
- $ 8,908 per hour
- $ 213.80 per day
- $ 6,413.87 per month (30 days)
- $ 78,035 per year
Chinese electricity costs on 0.545 RMB, or about $ 0.084, per kWh.
Assuming that each laptop uses about 250 watts of power (including any external fans it may have), this works for about $ 3,679.20 per year.
Therefore, your net profit for the 20 laptop mining platform would be $ 74,356 per year, at current prices.
This is an incredible ROI of 30.8% per month, which means it will recover the cost of the entire platform ($ 20,100) in just under 3.5 months!
In fact, this represents an ROI 2.9 times higher than the 78-plate GeForce RTX 3080 mining platform!
Well, we would say that this is definitely something interesting for the Chinese people and for the mining community, but at the same time, we know many other players who will now also be unable to obtain a GPU-based notebook NVIDIA GeForce RTX 30, increasing their frustration with the shortage of GPU and price increases.
News sources: I_Leak_VN , F2Pool, BTCer (Weibo)