Cryptocurrency mining makes a move to RTX 3000 Series Laptops
Personally, I am not a supporter of Cryptocurrency mining. The amount of energy used for your digital currency is a plague concerning energy and power consumption. The amount of energy used is bigger than an entire country like Switzerland uses.
And that last example is Bitcoin alone. For just that reason, I feel cryptocurrency should be forbidden in a world where energy often made out of fossil fuel is simply immoral and just wrong. However, as long as governments do nothing about it, greed will take the upper hand.
if you wonder where GPUs end up ... the above charts are from the University of Cambridge, showing exactly that
The same greed is partly responsible for the shortages of graphics cards, as mining farms can have hundreds of cards in countries where energy is cheap. However, a new trend is laptops with a powerful GPU, and in this last case, the RTX 3000 empowered laptops from NVIDIA are now being bought and used to set up cryptocurrency mining farms.
A group dedicated to cryptocurrency mining uploaded a video showing its mining farm made up of hundreds and hundreds of notebooks equipped with NVIDIA GeForce RTX 3000 graphics cards. The Chinese manufacturer Hasee, in charge of assembling these computers, does not seem to care in whose hands they finish their new notebooks. In the absence of stock of desktop GPUs, crypto mining decided to move over to the mobile segment.
Some might find the image below attractive, and I look at it with awe and disgust.
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Senior Member
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Seeing how Tesla invested 1.5 billion dollars in bitcoin and apparently you can soon buy a Tesla car with bitcoin, I don't see much hope for a better tomorrow. As far as I know (which isn't much), folks can mine the GPU heavy crypto and exchange them easily for bitcoin. If nobody cared about the other crypto, only bitcoin, maybe there would be a bit of hope left. However, the current development seems to be the opposite, crypto becoming more and more legitimate all the time. I haven't seen even environmentalists campaigning against it, despite the huge energy consumption. Maybe because crypto is useful for the drug trade.
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This is out of control
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Posts: 2464
Joined: 2016-08-01
You know that every currency in the world is not backed on anything right ? After 1971 there is no gold standard
.The money in our wallets is just paper ...ever wondered what will happen when people in mass realize that there is nothing behind money ? And all the stimulus money at the moment they get printed created out of thin air .
@Kaarme yes indeed crypto is responsible for the drug trade before 2014 there was no way to do anything illegal and especially drug trafficking was not existent pre crypto ! Sarcasm aside i totally agree about the consumption on the other hand i would love to see folding @ home getting rewarded with crypto and this booming , at least that way the calculation efforts go to a good cause.
I guess it is another fever period after the gold fever and the oil fever now we have the crypto fever .

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Posts: 145
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It just seems insane to me. All that hardware and power consumption to "create" something that does not really exist.
I think a lot of folks see this crypto thing wrong. I don't think it was created to make millionaires or not even as a place to invest money. The true power in it is that you can move money around the world without the big banks or governments getting involved. That's actually why they dislike it so much in my opinion.
It has real power and function, but this mining thing is not what it's about. This is just people trying to get rich quick which has happened since the beginning of time.
Posts: 6781
Joined: 2008-03-06
Very sad, i wish they banned this fake money business already.
I guess sooner or a later it's gonna be a huge issue anyways due to power consumption, and more people have electric cars that need charging as well. The powernet won't be able to handle it anymore.
Maybe, somehow, this will make people and corporation to move to solar energy.
Call me optimistic and a dreamer.