Chinese Cryptocurrency Miners Are Buying Up Gaming Laptops To Mine Ethereum

[ExcuseMeWtf]

I believe governments should ban this mining craze, as it's just a waste of energy while producing absolutely nothing.

But you realize the same can be said about gaming right?

Also if anything, govt's are more likely to add to it, creating their own cryptocurrencies. Venezuela at least did.

 

[Mistral]

Governments should legislate mining farms be self sufficient, produce their own power and pay carbon tax.

It's China. The government is probably sponsoring this.

 

[mechtech]

Looks like laptops will soon be out of stock like graphics cards.

I believe governments should ban this mining craze, as it's just a waste of energy while producing absolutely nothing.

Well it would probably be better and easier if graphics card makers could put a block in the drivers or bios or both so gaming cards couldn’t mine and make dedicated mining cards just as they make workstation cards.

 

[TheUn4seen]

Governments should legislate mining farms be self sufficient, produce their own power and pay carbon tax.

Governments should legislate people who drink alcohol or smoke cigarettes to pay quadruple the amount for public healthcare.
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...

 

[efikkan]

While I do believe people are exaggerating the effect mining has on hardware supplies (it's not like they are buying millions of GPUs…), it's still annoying that hardware in short supply is completely wasted on something this pointless.

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…

He can afford dozens of $3000 notebook but not $350 air conditioner?

Oh my, he got his work cut out for him managing that many machines running Windows

I believe governments should ban this mining craze, as it's just a waste of energy while producing absolutely nothing.

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?

Governments should legislate mining farms be self sufficient, produce their own power and pay carbon tax.

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.

 

[TheoneandonlyMrK]

This has got to stop, this is a huge waste of human effort for only a virtual benefit.

You really think people would do this shit for a virtual benefit?!.
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.

 

[Jism]

If you can spend 2500$ per laptop and buy them in large quantities, you could also consider getting yourself a custom pcb like this:

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.

 

[Franzen4Real]

would it not have been a better investment to take all of the money spent on a rackful of laptops/electricity and just buy the crypto now to flip for profit later?

 

[Caring1]

Governments should legislate people who drink alcohol or smoke cigarettes to pay quadruple the amount for public healthcare.
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.

But they do pay more through higher taxes on those products which is meant to go towards healthcare etc.

 

[DeathAdder]

Disgusting greedy human.......

Yes, get rid of all humans ... errr ... (wait, I am human)

Seriously, Human Greed has no limits ... (thinking about it) it is the actual real cause of our grief through out the human history

 

[P4-630]

https://twitter.com/i/web/status/1359169998938324999

 

[Caring1]

View attachment 187810

All I see is laptops undergoing burn in and durability testing at the factory prior to being boxed and shipped out.