GPU shortage: What is RTX Ampere laptops for Cryptocurrency Miners
|Cryptocurrency miners are buying new RTX Ampere laptops|
What is The RTX 3060 laptop GPU
The price of Ethereum increased fourfold in 2020, and after a sudden acceleration in January it exceeded its previous all-time high from late 2017. The rise has helped the cryptocurrency mining industry experience an unfortunate renaissance that could lead to a repeat of the 2017 disaster.
Normally, it's only possible to mine profitably with desktop GPUs sold alone. Prebuilt systems and laptops have a higher markup, and include components that aren't helpful to miners. But those disadvantages have recently been negated, partly because of crypto rising prices, and partly because of improved performance offered by new Nvidia GPU releases.
The RTX 3060 laptop GPU can match faster/more expensive GPUs from previous generations, and should become available in more affordable laptop models than the RTX 2070 or 2080 did.
So it's become profitable to mine with cheap gaming laptops. Some miners, in China, have purchased shipments of new laptops and installed them in dedicated mining racks. The images below are of brand new laptops, possibly with RTX 3070s and RTX 3060s inside.
Chinese GPU Miners Now Rushing After NVIDIA GeForce RTX 30 Laptops
NVIDIA's GeForce RTX 30 desktop graphics cards are being gobbled up by miners due to the crypto mining capabilities they have to offer but due to severe shortages, miners are now looking at other alternatives for Ethereum GPU mining and one user in China seemed to have found the solution in the form of GeForce RTX 30 series GPUs based notebooks.
Due to the explosion in the rate of Ethereum since last year, GPU mining has once again become popular and miners are trying to get everything they can get hands-on, especially NVIDIA's GeForce RTX 30 series GPUs. So far, we have only seen cryptocurrency mining farms that utilized desktop graphics cards but since no one can buy those in bulk quantities anymore, users are now getting their hands on the latest laptops that feature the same chips.
NVIDIA announced its GeForce RTX 30 GPUs back at CES 2021 and several models are now being sold at various retail outlets around the globe. However, just like the desktop-side shortages, the laptop market could also see severe shortages in the coming months and quarters as the crypto boom continues and miners make the supply run dry.
The mining rig that has been pictured consists of over 40 laptops from 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 doesn't come at a lower price either. According to NVIDIA themselves, the RTX 3060 laptops start at $999 US & the miners can save a penny by purchasing in bulk but they end up paying at least $600 US more for the laptop variant. Plus, they also end up with unnecessary hardware that the laptops feature. At the same time, the laptop variants do feature reduced TGPs which might save electricity costs & offer higher crypto mining rates.
Based on her experience, we can guesstimate 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 you saw up there could make, 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 about RMB 0.545, or about US$0.084, per kWh.
Assuming each laptop uses about 250 watts of power (including whatever external fans he may have), that works out to about US$3,679.20 per year.
So his net profit for the 20-laptop mining rig would be US$74,356 per year, at current prices.
That’s 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 2.9X higher ROI than the 78-card GeForce RTX 3080 mining rig!
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