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
It's 3 months now after release and no cards in sight for normal people, but mining scalpers buy planes load of cards (or steal them from factories) and nobody cares. I would love to get 3090 FE for work, but there is bloody nothing. 3080Ti will probably be realistically available in January 2023...:banghead:
2021 same as 2020 for computer electronics. Perhaps even worse with ominous trends developing in component pricing.
in socialist systems that attempt to alter the fundamental rules of supply and demand the product simply becomes unobtainable..
one has to assume that if miners are able to circumvent the normal retail supply chains and pay a higher price the manufacturers are part of this process else they would maybe boost supply to meet demand..
trog
ps.. for what its worth at current price levels one 3080 card will generate around $3 to $4 dollars per day when used for crypto mining.. this would be around $1200 dollars per year.. in my simple mind this makes one 3080 card worth around £1200 dollars.. this is less the cost of electricity of course..
the suggested retail price of around $750 dollars makes no sense at all.. most of us dont live in a socialist country which is why most of these so called $750 dollar items end up on ebay at a more realistic price of plus $1200 dollars.. its pretty nigh impossible to beat the laws of supply and demand they will kick in one way or another..
Do you remember the BTC mining craze and the shortages of AMD's R9 290X cards?
- Servers & Small Business (bulk quantity)
- Miner (bulk quantity)
- Gamers (1-2 GPU buyer)
Retailers who sold all their GPU in a day = got bigger Bonus from Manufacturers, so if they tell you they care about gamers who bought only 1 or 2 GPU at max is complete bullshit.
I tell you that because I maintain 1306 GPU mining farm, and I'm very okay with this news.
Before they list their inventory online, they called us, "We have a new GPU shipment if you're interested in bulk as usual." weeks before embargo release.
Not going to be a house.
Personally i think good luck to them. people are only sore because of the cards they are using.
It's overt disgust.
they have invested a lot of money, so what if they are using GPU's that are now not available to play CP2077 on. I don't see what the problem is. Is mining or building a rig to mine illegal?
Is it only disgusting because they have actually paid for the GPU's to build the rig. well TT boys, it was their money and they must have bought them through legitimate means, with legitimate money.
Personally i don't see what the problem is.