Using 78 RTX 3080 plow virtual money, the owner earns 3 billion / year

Besides the iPhone 12 Pro or PlayStation 5, a technology item that is selling out worldwide is NVIDIA’s GeForce RTX 3000 series GPUs. With significant performance improvements over the previous generation, combined with the user’s home gaming demand soaring in the face of an epidemic, high-end GPUs like the RTX 3090 or RTX 3080 suffer from a serious shortage important.

Owning a new generation NVIDIA GPU has been very difficult for most users, but Simon Byrne from Las Vegas, USA recently made people panic when he said he owned. to … 78 RTX 3080s.

Apparently, Simon does not need 78 RTX 3080s just to play games, instead to “plow” virtual money, namely ETH (Ethereum). It was even a rough estimate of the cost and return Simon earned after investing in such a large amount of expensive GPUs.

First, let’s talk about the cost:

Each RTX 3080 has a list price of $ 699. But as mentioned above, this GPU is experiencing shortages, forcing buyers to buy back from “traders” for a larger amount for about 1199 USD. So, Simon has to spend 1199 USD x 78 = 93,522 USD. Please round this amount to $ 100,000, because in addition to the GPU, Simon also has to pay for other components such as power supplies, racks …

– A large amount of GPU running 24/7 will consume a lot of power. One RTX 3080 has an output of about 300W, and 78 RTX 3080s have an output of 23.4 kW. In Las Vegas, the price per kWh is 8.43 cents. In addition to the cost of air conditioning (also a very important factor to maintain a large amount of GPU), Simon will have to pay about 2166 USD per month for electricity.

Now, let’s talk about sales and profits:

Using the Ethash algorithm, each RTX 3080 reaches 83.57Mh, generating 0.22236870 ETH / month, equivalent to 165 USD. So, 78 RTX 3080s will generate 17.3 ETH / month, or $ 12,840.

– If it can be maintained for 1 year, the amount that Simon can earn is 154,080 USD. When subtracting the electricity bill above, the 78 RTX 3080 can earn $ 128,088 / year. And even excluding equipment costs, Simon is still more than 28,000 USD / year profit.

Naturally, the above returns can only be achieved when the ETH coin is at $ 700-800.