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
Posts: 220
Joined: 2011-07-30
Selfish parasites that inflate energy tariffs and damage everyone's economy.
Senior Member
Posts: 2467
Joined: 2016-08-01
Eventually things callapse i hope you are right though....sadly after we are done with covid inflation will strike hard . Usa alone created 40% extra dollars inflation in prices is not shown yet but it is always where it ends up.
Senior Member
Posts: 146
Joined: 2004-10-17
I cannot think of a time in history where things REALLY changed drastically that was not precipitated by hard times whether that be something man made or an act of God. My point being that things will trod along as they are until something really goes sideways.
Senior Member
Posts: 1784
Joined: 2013-06-04
Only hope is for governments to take action against crypto coins. Mining with dedicated hardware I don't care, but when a normal parent can't even buy his kid a laptop: it's sickening.
As someone said in this thread, we can't buy hardware because it doesn't leave China. We have a serious problem here that AMD and Nvidia need to sort out on their end too.
Senior Member
Posts: 146
Joined: 2004-10-17
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 .
Nothing will happen. So long as people are at least moderately comfortable they tend not to care. It's human nature. Now let things get tough and that is a different story.