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Chinese miners buy laptops with GeForce RTX 30 series graphics cards for Ethereum mining
06.02.2021 [14:17],
Nikolay Khizhnyak

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

Laptop farms for Ethereum mining

Since November last year, the value of the Ethereum (ETH) cryptocurrency, 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 the factories of NVIDIA partners in the hope of buying graphics accelerators past stores.

Unfortunately, some manufacturers agree to such deals, since miners are willing to pay a third more than distributors. In addition, in this case, video cards are covered by a limited warranty or no warranty at all, 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 already 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 the fact that GPU mining is generally possible on systems that, in theory, are not intended for this at all. 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 the availability of laptops with GeForce RTX 30 series graphics accelerators.

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

The girl took with her 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 of sitting in a cafe, which is equivalent to $ 0.89 — quite enough to pay for the purchased cup of coffee.

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