The incoming laptop shortage

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Poneros

Poneros

Soldato
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https://videocardz.com/newz/chinese...uying-geforce-rtx-30-laptops-to-mine-ethereum

The value of the cryptocurrency has increased so much that it is now profitable to bulk buy laptops for mining.

Since late November the value of Ethereum (ETH) has tripled. This cryptocurrency is the most popular one among GPU miners. We have heard many stories where miners in China are queuing up to NVIDIA board partner factories in hopes to buy graphics cards in bulk. Some AIBs agree to sell cards directly to them because those clients pay more (usually 1/3 more than any distributor) and they get limited or no warranty at all.

In China, a new way of mining is slowly becoming popular. The latest GeForce RTX 30 laptops have only just launched earlier this month, which certainly did not go unnoticed by GPU miners. Apparently, people are now mass buying laptops with graphics cards such as RTX 3070 to literally stack them on the shelves to mine Ethereum. The price of the RTX 3070 laptop isn’t the lowest, which means that miners are paying more and still making a profit. It just seems surreal that NVIDIA has not enforced any rules that would prevent such a thing. Let alone, why is even GPU mining possible on laptop GPUs in the first place. This of course, along with Chinese New Year, will likely affect the availability of RTX 30 laptops.





Laptop GPU mining, Source: BTCer (Weibo)



Mining Ethereum while sipping coffee for free
To demonstrate how ridiculous the value of ETH has become, a Bilibili content creator ‘Fish Pond F2pool’ has made a video (purely for entertainment) to show how easy is to make cryptocurrency on a laptop equipped with a just-released RTX 3060 graphics card.





Laptop Starbucks GPU mining, Source: 鱼池f2pool



While sipping coffee at Starbucks the creator has a laptop plugged into the wall socket. It takes 2 hours to mine 0.00053 ETH which equals 0.89 USD, apparently enough to pay for the coffee.





Laptop Starbucks GPU mining, Source: 鱼池f2pool
 
Must be a noisy coffee shop with all those laptop fans at max RPM. The ROI must be significantly worse for laptops.

Given the recent news about even more support shortages and factory closures for Chinese New Year, it's going to be a gloomy 2021 for gamers.
 
FFS!

Are miners determined to destroy PC gaming? I thought laptops might be the last bastion of being able to carry on PC gaming.

Is there going to be any market left for gamers at all if miners are just going to buy everything and anything with a GPU in them?
 
It's depressing, the one hobby I used to enjoy as a way of de-stressing to help cope with my mental health issues is being destroyed.

Its now more stressful and not at all enjoyable in any sense.

I'm slowly switching over to consoles but unfortunately there are still games that only release on PC, coupled with back catalog of games I own on PC makes it difficult to switch completely. If I could switch entirely to console I would, because I can't see an end to this utter madness in the PC space
 
delta0 said:
I would expect gaming laptops will be much less effected by the demand than desktop GPUs
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They shouldn't be affected at all.

I would seriously consider this fake news.

I mean a gaming laptop with a 3070 is like £2k.

That's a completely different prospect to buying 3 or 4 desktop 3070's for the same price.

There is no way this is happening. If it is whoever is buying those laptops must be using stolen credit card details. It's just not profitable to do it that way.
 
kakarott said:
Wouldn't laptops used for mining go faulty really soon?
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Depends on many factors but not necessarily.

Nobody mines on one for multiple reasons though.

It's just not worth it. There will be a few morons who do but it's a terrible idea and there's no way would you buy a laptop just to mine on it.
 
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