NVIDIA’s GeForce RTX 30 desktop graphics cards are being gobbled up by miners for the crypto mining capabilities they have to offer, but due to severe shortages, miners are now looking at other alternatives to Ethereum GPU mining and a user in China looked like the solution in the form of GeForce RTX 30 Series GPUs Based Notebooks.
Cryptocurrency Miners Gobbled Up NVIDIA’s GeForce RTX 30 Laptops, Set Up Massive Ethereum GPU Mining Farm in China
With the explosion in Ethereum’s speed since last year, GPU mining has regained popularity and miners are trying to get everything they can get, especially NVIDIA’s GeForce RTX 30 series GPUs. So far we’ve only seen cryptocurrency mining companies using desktop graphics cards, but since no one can buy them in bulk anymore, users are now getting their hands on the latest laptops with the same chips.
NVIDIA announced its GeForce RTX 30 GPUs at CES 2021, and several models are now being sold in various stores around the world. However, like the desktop shortages, the laptop market could also see severe shortages in the coming months and quarters as the crypto boom continues and miners dry up supply.
The depicted mining rig consists of more than 40 laptops from the Chinese brand Hasee and is equipped with the GeForce RTX 3070 mobility GPU. The GeForce RTX 3060 laptop solution is certainly not comparable to the desktop variant which offers much better specifications and also not at a lower price. According to NVIDIA itself, the RTX 3060 laptops start at $ 999 US and the miners can save a penny by buying them in bulk, but they end up paying at least $ 600 US more for the laptop variant. In addition, they also get unnecessary hardware that the laptops have. At the same time, the laptop variants have reduced TGPs that can save electricity costs and provide higher crypto mining rates.
The leaker mentions that the laptops should be put in tent mode to provide optimal cooling of the GPU as they would run 24/7. You can also see a very interesting exhaust vent made from 32 120mm fans mounted in the window to blow warm air out of the room. This is definitely insightful information to help his other fellow miners, but not good for the industry that is struggling with serious gaming GPU shortages.
In addition, a content producer and creator at Bilibili has shown how easy it is to mine with an NVIDIA GeForce RTX 3060-based laptop. The graphics chip was able to mine Ethereum at 0.00053009 speeds in 2 hours while at Starbucks, so we’re talking free electricity here.
A more detailed earnings analysis is provided by TechARP, which suggests the NVIDIA GeForce RTX 3060 can earn up to 2.3217942 ETH per year. That’s about $ 3700 which means you can recoup the cost of your laptop quite easily and even make a small profit as these laptops don’t consume as much power as the desktop variants mentioned above.
You can see the full breakdown of your earnings below:
Based on her experience, we can estimate 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 platform with 20 Hasee laptops you saw above, at current prices, approximately:
- $ 8,908 per hour
- $ 213.80 per day
- $ 6,413.87 per month (30 days)
- $ 78,035 per year
Chinese electricity costs approx RMB 0.545, or about US $ 0.084 per kWh.
Assuming each laptop uses about 250 watts of power (including all the external fans it has), that works out to about US $ 3,679.20 per year.
So his net profit for the mining rig would be with 20 laptops US $ 74,356 per year, at current prices.
That’s an incredible ROI from it 30.8% per month, which means it will pay for the entire setup ($ 20,100) in just under 3.5 months!
This is actually 2.9X higher ROI than the 78 card GeForce RTX 3080 mining rig!
Well, we would say these are certainly some interesting things from the Chinese people and for the mining community, but at the same time, we know a lot of fellow gamers who will not be able to get an NVIDIA GeForce RTX 30 GPU based notebook now either, adding to their frustration regarding GPU shortages and price hikes.
News sources: I_Leak_VN , F2Pool, BTCer (Weibo)