Lack of a supply of graphics cards, virtual money plows to buy a lot of laptops to exploit electronic money

Nvidia’s series of GeForce RTX 30 series mobile GPUs started rolling out around the world last week, inside a slew of exciting new gaming laptops. But in some areas, they are being hunted and scrambled by Ethereum miners, even buying directly from manufacturers. Cryptocurrency Ethereum (ETH) price quadrupled in 2020 and continued to accelerate dramatically in January of this year, exceeding previous all-time highs in late 2017.

Usually, the “miners” can only make profitable mining with the desktop GPUs sold separately. The built-in systems and laptops have higher initial investment costs and include components that are not useful for miners. But those downsides have recently been denied, partly due to soaring cryptocurrency prices and partly due to improved graphics card performance on the part of manufacturers like Nvidia.

Gaming laptops are being reused for Ethereum mining.

Currently the RTX 3060 GPU on new laptop models can deliver faster and more efficient performance than previous-generation GPUs. And they will especially be available in more affordable laptop models than the RTX 2070 or 2080. So mining cryptocurrencies from cheap gaming laptops has become profitable.

That’s why some of the miners in China have bought new batches of laptops and mounted them in specialized racks. The images below are of brand new laptops, which can hold RTX 3070s and RTX 3060s GPUs inside.

Today’s cryptocurrency mining has also become easier than it used to be. A mining rig can be configured in just a few minutes with the help of simple software. You can even easily mine cryptocurrencies on the go, as a content creator in China shows in this fun video below.

In the video, this beautiful girl just bought a new Asus laptop with an RTX 3060 graphics card and she brought it to a Starbucks store. After plugging in the power, opening the software, the device started mining Ethereum. While the equipment worked, she drank coffee, worked, and even took a nap. Two hours later, the virtual money mined was enough to pay for coffee and she took her laptop home.

Of course, mining virtual currency from a laptop is not that simple and it is not likely to be profitable except when held on a large scale and in specific regions. So at least it won’t affect the global gaming laptop market anytime soon. But just this being done highlights the power and appeal to the frenetic levels of cryptocurrencies.

Refer to Techspot