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: 2464
Joined: 2016-08-01
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 .
Senior Member
Posts: 7684
Joined: 2005-08-10
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.
Senior Member
Posts: 145
Joined: 2004-10-17
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.
Senior Member
Posts: 3890
Joined: 2009-09-08
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...
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.
Senior Member
Posts: 551
Joined: 2020-11-08
Well I like the crypto,amazing how many good people in the world that hate crypto.