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Cryptocurrency miners are now bulk buying gaming laptops to mine Ethereum

The GPU market is not immune to the desires of cryptocurrency miners

Cryptocurrency miners are now bulk buying gaming laptops to mine Ethereum

Cryptocurrency miners are now bulk buying gaming laptops to mine Ethereum

Cryptocurrency miners are after your graphics cards, so much so that even the gaming laptop market is not safe from their desires to mine Etherium. According to reports gathered by Videocardz, Chinese cryptocurrency miners have started to bulk buy RTX 30 series powered gaming laptops to Ethereum mining.

Ethereum mining is incredibly profitable on Nvidia's RTX 30 series GPUs, so much so that cryptocurrency miners are willing to pay inflated prices for graphics cards. Profitability levels are so high that investing in gaming laptops is also a profitable venture, showcasing how much 2021's cryptocurrency mining craze has ruined the GPU market for PC gamers.

These bulk buying patterns will impact the availability of RTX 30 series gaming notebooks, placing further strain on the already strained PC gaming market. 

Over the past few days, Ethereum's value has shot up to over $1650, with the past 24 hours seeing fluctuations of between $1650 and $1750. Bitcoin has also seen its value increase to over $40,000, revealing why cryptocurrency mining has become so appealing over the past few months.  

Below are images of stacks of gaming laptops being used to mine Ethereum, laptops that are not being used for their intended purpose. 
 

Cryptocurrency miners are now bulk buying gaming laptops to mine Ethereum  
You can join the discussion on cryptocurrency miners targeting gaming laptops on the OC3D Forums

Cryptocurrency miners are now bulk buying gaming laptops to mine Ethereum  

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Most Recent Comments

06-02-2021, 15:48:03

Dark NighT
How i wish Cryptocurrency would be banned everywhere, this is just... awful.Quote

06-02-2021, 19:13:56

ET3D
Quote:
Originally Posted by Dark NighT View Post
How i wish Cryptocurrency would be banned everywhere, this is just... awful.

I think that without mining crypto can be fine. I checked just now, and looks like proof-of-stake is already up for Ethereum. Hopefully mining will be stopped soon enough. Proof-of-work is a terrible way of doing things.Quote

06-02-2021, 19:23:55

elrasho
Crypto is the future. Read the white papers from the G20 submit and you'll see the USA had approved the use of XRP for World money transfers. The demand for Crypto is increasing therefore its price is rocketing.Quote

06-02-2021, 22:05:21

ET3D
Quote:
Originally Posted by elrasho View Post
Crypto is the future. Read the white papers from the G20 submit and you'll see the USA had approved the use of XRP for World money transfers. The demand for Crypto is increasing therefore its price is rocketing.

Crypto value is totally speculative. I'm sure that like the last time it's being driven by a few users. It's like saying that Gamestop is valuable.


Crypto mining is the past. It's not sustainable, and it should die. I'm sure some of it will survive just because "free money", but it's a terrible way to do things.


As for crypto being the future, I don't know. If it ever become stable, then perhaps. I don't see it happening yet. The actual value of crypto is really low.Quote

06-02-2021, 22:22:44

Gothmoth
Quote:
Originally Posted by ET3D View Post


As for crypto being the future, I don't know. If it ever become stable, then perhaps. I don't see it happening yet. The actual value of crypto is really low.



the value is, as with every fiat money, based on what people think it is worth.


long gone are the days when currency was backed by gold or other material values.
not even the GDP is today a measure for currency value.



it is basically as artifical as crypto currencys.
but governments have more power to influence markets.Quote
Reply
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