Chinese miners mine cryptocurrency on laptops, is it profitable?

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2 years ago
Topics: Mining, Miners, China, Laptops, Ampere, ...

A new mining method is gradually gaining popularity in China. The price of the Ethereum cryptocurrency has grown so much that it has become profitable to mine it on laptops.

Since the end of November, the value of the Ethereum (ETH) cryptocurrency has tripled. In China, miners are rumored to be lining up for Nvidia graphics cards, hoping to buy them in bulk, bypassing distributors. Some AIB partners of manufacturers agree to sell graphics cards to miners directly because these customers usually pay a third more than any distributor and agree to a limited or no warranty.

Nvidia recently introduced a line of GeForce RTX 30 mobile graphics cards. Laptop manufacturers have already released a number of models equipped with Nvidia graphics cards and AMD Ryzen 5000 series or Intel processors. Miners in China also drew attention to the new models. As you can see in the photos posted by BTCer Weibo users, some of them are mining cryptocurrency using laptops with Nvidia graphics cards.

Just how absurdly profitable mining Ethereum cryptocurrency with a laptop has become, was demonstrated (purely for entertainment purposes) by a digital content creator with the pseudonym Fish Pond F2pool from the Bilibili platform.

The girl took with her a laptop equipped with a mobile video card GeForce RTX 3060 and went to drink coffee at the local Starbucks. Plugging the device into an outlet, she earned 0.00053 ETH in two hours sitting in a cafe, which is equivalent to $ 1.82 - quite enough to pay for the purchased cup of coffee.

Ethereum is currently trading at just over $ 3400, up from $ 2300 a month ago.

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Topics: Mining, Miners, China, Laptops, Ampere, ...

Comments

Those who want to mine virtual assets buy expensive equipment or invest in cloud mining. But it turns out that modern mobile gadgets are also capable of generating income.

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2 years ago

Of course, the performance of a smartphone or laptop is lower than that of mining farms on GPU or ASIC devices, but the power consumption is also significantly lower!

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2 years ago