Wednesday, December 30th 2020
Ethereum Mining Farm with 78 RTX 3080 Graphics Cards Spotted
Availability for NVIDIA and AMD's latest graphics cards is dire, to say the least; the average consumer finds their stocks to be spotty, at best, with available cards quickly dropping into oblivion. Scalpers and their associates are part of the problem, as is already well-known; however, another element to this same problem - at least, when it comes to numerous graphics cards finding their way to the same consumers, instead of being available for others - is mining. Because while we are definitely not facing the same shortages as we were back in the day where everyone and their mother wanted to get into mining using our tried and true graphics cards, mining farms are still a reality, and they are making use of NVIDIA (and AMD's) latest graphics cards as well.
Case in point, a mining farm running as many as 78 PNY RTX 3080 graphics cards has surfaced in Las Vegas. This 78-card mining farm was apparently put together with a $100,000 budget (around $1,199 per card, not considering other installation costs). For that money, the mining farm should be capable of around 6,474 MH/s (83 MH/s per RTX 3080), which amounts to a monthly Ethereum production of around 17.3 ETH per month (pricing fluctuates, so we won't give an estimation on dollar value for each ETH). Associated electricity running costs with such a system, including cooling, should pan out around 23.4 kW (with an estimated 300 W of power for each card) at $8.34 per Kw.
Source:
Hardware Times
Case in point, a mining farm running as many as 78 PNY RTX 3080 graphics cards has surfaced in Las Vegas. This 78-card mining farm was apparently put together with a $100,000 budget (around $1,199 per card, not considering other installation costs). For that money, the mining farm should be capable of around 6,474 MH/s (83 MH/s per RTX 3080), which amounts to a monthly Ethereum production of around 17.3 ETH per month (pricing fluctuates, so we won't give an estimation on dollar value for each ETH). Associated electricity running costs with such a system, including cooling, should pan out around 23.4 kW (with an estimated 300 W of power for each card) at $8.34 per Kw.
93 Comments on Ethereum Mining Farm with 78 RTX 3080 Graphics Cards Spotted
Most of the mining hate comes from the fact that they are competition for merchandise to gamers, not that they're doing anything wrong per se.
But that's monthly totals 112k /year in UK sterling so if electricity is cheap, it's risky though , because the price is soo volatile.
In that scenario, industrial scale mining is the absolute anathema to the PC hobbyist. So yeah, the animosity is understandable.
mining can make money but more money can be made simply by buying the coin and watching it go up in value.. if the money spent on that 78 card rig had simply have been used to buy bitcoin or etherium more money would have been made in a couple of weeks than the rig will make in a year..
but ether way it takes money to make money.. which is why the rich stay rich and the poor stay poor..
trog
We're looking at 35KW for 9 months straight, which works out at 230,000 KWh of energy wasted in that period alone.
I mean holy shit, we are trying to fight climate change and save energy, prevent global warming and here is someone not even getting rich particularly quickly whilst wasting enough energy to power 46 average European homes for a year, and since that's an average of 2.3 people per household, this one fricking stupid mining rig wastes more energy to break even in 9 months than 106 people use in a year.
That's right, this one fucker is wasting enough electricity in 9 months to last 106 people a whole year, and he isn't going to stop there, because 9 months only covers his raw purchase cost. No, he's gonna run this indefinitely until it's no longer cost effective to his greedy, environmentally-wasteful self.
Feel free to check my maths/figures; 300W per card, 50% extra for air conditioning, 5000KWh per European household and 2.3 people per household in Europe.
Can't you agree on that? Or do you have another perspective on it with the vaguest sense of ethics involved? Its also... well... a completely wasteful practice. And there are opinions on those kinds of things, but I can't really blame individual miners for it either to be fair. What we should take a long, collective look at, is the system that is provided and nurtured here. Alongside a vast number of other systems we've developed over time and are now working against us in a big way. As far as I recall, we initially had different intentions - even with Bitcoin and crypto. Its just that simple greed and lust for power corrupt systems, and without checks and balances, it destroys their purpose. For Bit- and altcoins, all of them, that's where its at now and will probably remain. Trust is generally about zero - so all it attracts is risk capital.
What needs to happen is perhaps what @Chrispy_ is looking at: the environmental damage / waste production. Its only a matter of time before all companies and all activities are placed on that scale and paid for accordingly. Its a running bill that has long gone into the deep red numbers, we've got some debt there and the bank is Mother Earth and its provision of habitable space - and mankind is still growing in number while space is dwindling.
It won't last, and might even last less than a decade at this rate. Forget viruses... we're getting stuff far worse on our plate if we don't act fast. All events pointing in that direction are escalating and increasing in frequency at a pace more rapid than any climate model could predict...
The eye opener for me was this xkcd:
xkcd.com/1732/
And the worst-case "current path" at the bottom turned out to be too optimistic itself, because that was over 4 years ago, based on 2013 and 2014 data. The rate of icecap melting and ocean temperature have turned out to be far worse and more rapid that Randal Munroes predictions of four years ago. We, as a species are fucked. The question is not if, but when it will become really, really bad. I'm comfortably middle-aged so perhaps I'll live out my lifespan relatively unscathed. I can't say I believe that will be true for the younger generation here on TPU.
On top of that, our 'new economy' is littering the place with data centers. Lots of water nearby... :banghead: After all, cat videos and likes make money.
those 300 watts per card figures are also wrong.. more like 200 watts per card.. the cards will all be set to a 60 % max power limit.. keeping the heat and power usage down is part of the game..
my 2080 ti card which is currently mining is running at 990 mhz.. minus 450 on the core clock and a max power setting of 60%...
contrary to popular belief mining cards are not being flogged to death.. far from it.. they are set for minimum power usage and minimum heat generation.. the memory is clocked up but everything else is clocked down..
my 8 x 1070 machine is silent in operation all 24 fans just ticking over and it pulls around 1000 watts.. its running in my spare bedroom with the wide door open..
it puts out about 200 mh/s.. a 3080 card generates about twice as much coinage as a 1070 card.. i recon set up correctly a 3080 card would use around 160 watts not a lot more..
trog
ps.. for what its worth i own about 1/3 of a bitcoin.. 10 eth and 25 lite coin.. i am at least $7000 dollars richer than i was a couple of weeks back.. all this is stuff i hodled from the last time around.. the hardware i mining with is also from the last time round.. i would not spend any more on mining hardware..
Such a system would avoid all of the bad looks - you pay for what you do anyway, so then its fair.
First come = first served.
I game for maybe 10 hours a week, possibly 20 during COVID lockdown but that's unusual and we've only had a couple of short lockdowns this year. Some people game more than me but I still doubt they're gaming for 168 hours a week. Gaming does not use 350W at all times, so even with the power limit at 100% the average gaming consumption is only 300W.
300W for 10 hours is definitely less wasteful than 210W for 168 hours every week. 118x less wasteful, to be exact - and this is a single-card comparison. Miners will usually buy multiple cards so an 8-card mining rig is almost 1000x worse than a gamer in terms of GPU energy usage.
Must be some good tax write offs somewhere
Could be some new electric companies doing all this mining lol
I'm not saying it's a good use of resources mind. It isn't really. But it is a bad argument to follow, what you are proposing.
make specific card for mining
i dont know if that possible
is buying old card that has mined really good? isnt proved mined card lose warranties?
i remember something with MSI if they see card has mined they dont repair.
correct me if i'm wrong