News Chinese Miners Using RTX 30-Series Laptops for Mining Power

[Admin]

Chinese Miners are using RTX 30-series gaming laptops for cryptomining.

Chinese Miners Using RTX 30-Series Laptops for Mining Power : Read more

 

[Phaaze88]

OMG, so much potential e-waste...

 

[Co BIY]

Someone needs to code a cryptocurrency that doesn't require continually escalating cryptography but can still function as a Ponzi scheme for the founders and an anonymous currency for criminals or victims of financially oppressive regimes (perspective I suppose).

Crypto with steady value and environmentally friendly. (the founder of course would still become obscenely stealthily wealthy)

It would save electricity and gaming cards.

Wait that's a horrible idea, never mind ...(rushes to secret lab )

 

[Chung Leong]

Why bother mining when you can make more money producing fake news fueling an asset bubble? Ethereum is up something like 500% ever since Tom's Hardware and other tech outlets began pushing this bogus narrative.

 

[Phaaze88]

 

[gg83]

we need to outlaw mining just for the environmental impact! let alone the energy burnt!

 

[zodiacfml]

More money than sense. I make more money trading crypto than my GPU mining rigs. The cost of those laptops probably easily exceeds the capital I use for trading.

Chinese Miners are using RTX 30-series gaming laptops for cryptomining.

Chinese Miners Using RTX 30-Series Laptops for Mining Power : Read more

Chinese Miners are using RTX 30-series gaming laptops for cryptomining.

Chinese Miners Using RTX 30-Series Laptops for Mining Power : Read more

 

[SethNW]

Miners pretty much are back in full swing, if they are desperate enough to buy laptops, doesn't matter if you want to live in denial. Plus further proof of that are increased prices of used cards too, unless they are crappy for mining. Like laptops aren't even nearly as great as graphic cards, but when they can't get those, laptops are like last resort. And even RDNA2 isn't safe, considering that miners are expending to les desired options. Do I guess we will be left with either not upgrading or consoles. Provided someone doesn't find a way to mine on consoles, which they no doubt would, if they could.

And funny enough, nVidia was changing their architecture to cater to mining, do they wouldn't have another boom with Radeon being better, hence why Ampere is compute heavy and not as good at higher FPSs at below 4k as Radeon which us gaming optimized architecture, like Pascal used to be.

But all those companies will have to figure something out, with all those supply issues, it will start killing PC market, as people decide they don't want yo deal with this and just get consoles. Though how to do it is another question, since mining uses typical GPU instruction sets, they don't use anything special you can disable and not effect gaming side.

 

[g-unit1111]

Miners pretty much are back in full swing, if they are desperate enough to buy laptops, doesn't matter if you want to live in denial. Plus further proof of that are increased prices of used cards too, unless they are crappy for mining. Like laptops aren't even nearly as great as graphic cards, but when they can't get those, laptops are like last resort. And even RDNA2 isn't safe, considering that miners are expending to les desired options. Do I guess we will be left with either not upgrading or consoles. Provided someone doesn't find a way to mine on consoles, which they no doubt would, if they could.

At least it's not translating into a shortage of laptops the way it is with GPUs. I just checked Newegg and they have plenty of 3XXX laptops in stock from all major manufacturers. For now.

 

[motocros1]

i thought asic's took over for mining? i took a quick peak on ebay and there are thousands of cheap asics, am i missing something?

 

[Giroro]

Why is mining even still a thing? Crypto currency has zero intrinsic value, even in the abstract. Every dollar a miner gains from crypto is a dollar some rube got scammed into spending on an imaginary number typed into the display of a calculator.
It's like when a gambling addict spends their life savings on a f2p game, except without the payoff of an upbeat jingle and a colorful .jpg to look at.
Dummies keep putting their money into a system where only the 1% even have the slightest idea how to cash out. It's a one way exchange. The most annoying people in the world will take your money, and all you get is a difficult way to make a few pixels black on a computer screen.

 

[00cedge]

i thought asic's took over for mining? i took a quick peak on ebay and there are thousands of cheap asics, am i missing something?

Ethereum is ASIC resistant, one of the few coins that are still worth mining with GPUs, but they are changing from POW to POS (proof of work to proof of stake) soon. When/if that happens GPUs will be dirt cheap 😁

 

[00cedge]

Why is mining even still a thing? Crypto currency has zero intrinsic value, even in the abstract. Every dollar a miner gains from crypto is a dollar some rube got scammed into spending on an imaginary number typed into the display of a calculator.
It's like when a gambling addict spends their life savings on a f2p game, except without the payoff of an upbeat jingle and a colorful .jpg to look at.
Dummies keep putting their money into a system where only the 1% even have the slightest idea how to cash out. It's a one way exchange. The most annoying people in the world will take your money, and all you get is a difficult way to make a few pixels black on a computer screen.

Fiat currency is real? It's 100% gold backed right? What are the implications when Trump approves a 2 trillion dollar stimulus. Inflation? Do you think they print all 2 trillion dollars on worthless paper.. or its just a number on a screen? BTC has a limited supply of 21 million. Maybe it's a ponzi scheme but is it worse than existing schemes..