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Guru3D.com » News » Cryptocurrency mining makes a move to RTX 3000 Series Laptops

Cryptocurrency mining makes a move to RTX 3000 Series Laptops

by Hilbert Hagedoorn on: 02/10/2021 10:55 AM | source: harukaze5719 (Twitter) via Videocardz | 130 comment(s)
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.



Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops Cryptocurrency mining makes a move to RTX 3000 Series Laptops




« MSI Introduces CLUTCH GM41 lightweight mouse and IMMERSE GH20 headset · Cryptocurrency mining makes a move to RTX 3000 Series Laptops · Logitech Launches New Brand Campaign DEFY LOGIC »

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bobnewels
Senior Member



Posts: 551
Joined: 2020-11-08

#5885980 Posted on: 02/10/2021 01:24 PM
Well I like the crypto,amazing how many good people in the world that hate crypto.

Venix
Senior Member



Posts: 2464
Joined: 2016-08-01

#5885981 Posted on: 02/10/2021 01:24 PM
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.

Well i am not saying the fall of fiat currency will be bad or good , well immediately after the fall if it happens will be bad but in the long run ? We can't know might be ultimately a good thing. Yes i agree that things will tug along till things go sideways .

Solfaur
Senior Member



Posts: 7684
Joined: 2005-08-10

#5885986 Posted on: 02/10/2021 01:31 PM
Never done any mining myself, but I did "invest" a bit in bitcoin (big mistake, only losses) in the past and I really, really hate what the whole cryptocurrency "scene" has become.

While I did believe, and still do, that there is a future for crypto (that is if we don't have some extinction event happening that brings us back to the stone age), in this shape and form it is just too much. At the same time it shows how greed in a "wild capitalism" like this (in "communist" China nonetheless, lol) can mess things up. The makers of the hardware get tons of money, yet consumers and environment get rekt.

Very, very messed up times, however for some few out there, it's the best times ever...

One thing is sure though, unless the market crashes HARD again, I will never see an Ampere card this year. It won't even matter how much x times nvidia will ramp up production, all of it will be sucked up by miners.

DarkQuark
Senior Member



Posts: 145
Joined: 2004-10-17

#5885992 Posted on: 02/10/2021 01:46 PM
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.

You want a government to take away a freedom (or a monetary option) so that you can more easily buy a laptop? I find that to be a short sighted and destructively self centered point of view. Don't get me wrong, I clearly disagree, but I am not at all saying you are not entitled to your opinion. I get it, crypto is a hot topic, but thinking the government can solve that (or anything) is just poor judgement in my opinion.

H83
Senior Member



Posts: 3890
Joined: 2009-09-08

#5886000 Posted on: 02/10/2021 02:19 PM
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.


Crypto is not gaining any legitimacy this way, quite the opposite. The prices are raising due tospeculation fuelled by interest rates at an all time low, nothing more. And the high volatility of it´s value clearly makes it unsuitable for it to be used as currency.

It´s the ultimate irony that the people defending crypto as an alternative currency against government controled currencies while it´s thanks to the monetary measures taken by those same governments that cryptos are reaching those silly values...

You want a government to take away a freedom (or a monetary option) so that you can more easily buy a laptop? I find that to be a short sighted and destructively self centered point of view. Don't get me wrong, I clearly disagree, but I am not at all saying you are not entitled to your opinion. I get it, crypto is a hot topic, but thinking the government can solve that (or anything) is just poor judgement in my opinion.


There´s really no monetary option with crypto, not when someone can create a virtual currency out of their asses and try to sell them for a profit. This is just pure and hard speculation, nothing more.

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