Monday, February 8th 2021
Chinese Cryptocurrency Miners Are Buying Up Gaming Laptops To Mine Ethereum
The value of Ethereum (ETH) has surged over the last few months, improving the profitability for cryptocurrency miners and increasing the demand for hardware. We have seen several stories where miners are recognized as one of the causes of desktop GPU price rises however it now seems gaming laptops will be their next target. The gaming laptops in question feature RTX 30 series GPUs most commonly the RTX 3070, these laptops come at a significant premium over a bare desktop card showing just how insane the situation has become. This will likely exacerbate the already limited supply of RTX 30 series laptops.
Source:
VideoCardz
36 Comments on Chinese Cryptocurrency Miners Are Buying Up Gaming Laptops To Mine Ethereum
The fact you don't like something and/or are jealous can't really be the source of legislative action. I'm fairly sure you wouldn't like living in a country where law forbids the things I don't like.
Honestly, I wish electrical power wasn't so ludicrously expensive in Europe. I could get my hands on a few dozen 3080s and make some money...
Putting the core idea of cryptocurrencies aside, the concept of regulating the generation of currency through an exponential difficulty level has to be one of the most ridiculous ideas humanity has ever conceived. At times this mining has been artificially consuming energy rivaling medium sized countries, all for absolutely no real purpose. And in this day and age where everything should be "sustainable" and "eco friendly", and people are shamed for buying a plastic bag… Oh my, he got his work cut out for him managing that many machines running Windows :P Then what kind of legislation would you propose that's wide enough to catch all these "stupid" miners so they can't just slip through a loophole, and yet specific enough to prevent serious industries from being hurt?
Since when has politicians proven they're competent enough to regulate anything in the tech industry? And precisely how would that legislation work?
I would rather propose the following;
1) Governments should stop subsidizing data centers in general (subsidies which has also been exploited by miners), including tax brakes, free land, funds or discounted/free power. These days some countries are fighting to attract "data centers" (including mining operations), offering substantial subsidies.
2) All tech media should just ignore cryptocurrencies and mining. It's 100% driven by hype. If media stops giving it attention, it will calm down.
That's some out there thinking, they might seem little better than V bucks to you but this isn't for monopoly money.
@TheUn4seen damn Skippy, you smokes you pays , you fat you pays, too skinny you pays, broke a limb in sports why my paying tax to fix you, Because.
Hang on I'm a fat smoker wtaf nah government pays please because that suits me now.
I mined at one point, wouldn't now though but I can't say I don't see a benefit from digital only currency , I would rather back bitcoin or even dodgrcoin the sodding Apple pay , Google pay or PayPal.
There different yes but not better every one of those wants to shave coin edges subtle like.
But my best bet here is that a laptop still holds some value after it's lifespan where a hardware gimmick such as above renders useless after a year. The power comsumption vs hashrate and all that simply lower.
Its a problem, for sure.
Seriously, Human Greed has no limits ... (thinking about it) it is the actual real cause of our grief through out the human history