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Thread: Crypto miners are bulk buying RTX 30 laptops in China

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    Crypto miners are bulk buying RTX 30 laptops in China

    Will this have an impact on the price/supply of Nvidia partner Ampere laptops in the West?
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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Why can't they just buy tulips like sensible people...

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Now if the whole world starts doing the same, the price of electricity will remain constant ... in ETH.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    I've got to be honest it still seems as crazy as the Dutch bulbs boom. I've not touched any crypto currency when some brilliant mathematician could find a vulnerability and wipe the entire value out overnight. (Still feeling glad I got a xbox series X as it doesn't look like I'll be replacing my rx480 anytime soon!)
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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Quote Originally Posted by cheesemp View Post
    I've got to be honest it still seems as crazy as the Dutch bulbs boom. I've not touched any crypto currency when some brilliant mathematician could find a vulnerability and wipe the entire value out overnight. (Still feeling glad I got a xbox series X as it doesn't look like I'll be replacing my rx480 anytime soon!)
    It absolutely is crazy and is simply a tulip repeat. There is no significant use case for any cryptocurrency where there isn't an other way of achieving the same things cheaper. Other than money laundering.

    The same applies to any blockchain tech. I've still not had anyone present a business case for any blockchain technology that isn't better solved some other way. My opinion will not change once some of them get proof of stake working either.
    "In a perfect world... spammers would get caught, go to jail, and share a cell with many men who have enlarged their penises, taken Viagra and are looking for a new relationship."

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    what is it that makes GPU's so good for this?

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    I've never looked into it , don't understand it and don't want to. I like real money and thats what I go out to earn , what I'd like to see is this whole Crypto thing collapse , greedy sods lose out and we can have our GPU's back at sensible prices if and when available.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Don't worry, they'll soon melt as these oems don't really care about sensible cooling.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Quote Originally Posted by QuorTek View Post
    what is it that makes GPU's so good for this?
    They can do parallel processing really well - Only beaten by custom chips. Its the same reason GPU's are now so heavily used in data centers. CPUs just aren't as good at it (for the same power cost at least).
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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    If its so profitable why dont nvidia do crypto mining with their own cards

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Quote Originally Posted by Daydreamer View Post
    If its so profitable why dont nvidia do crypto mining with their own cards
    <tin foil>
    Why do you think supply has not kept up with demand?
    </tin foil>

    ;p

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    I'm with the posters above. It all seems completely nuts to me.

    I don't really, but even if you believe that there is a good use case for cryptocurrency to be used for transactions and that it is somehow superior to traditional digital currency - the current appreciation and price swings make it unsuitable for such a purpose. So ironically the main reason people are piling into crypto (that it keeps going up in value) undermines it's only use (as an alternative means of payment to traditional currencies)

    That isn't to say no one can make money out of it, of course they can - but you just better hope you aren't the last one holding it when the bottom falls out.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Why don't they just use the lower end waste that you get anyway when you make Processors... I mean there is alot of really cheap silicon laying around that is just considered waste or used for lower end products and make a budget Etherum farm.

    I guess Nvidia would not care nor AMD when the farmers is willing to pay top notch prices.

    Next we would see is PS and XBOX being in those farms.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Well if only electricity here was as cheap as in the worlds # 50 cheapest country for electricity, but sadly it is much - much more expensive here, actually you be hard pressed to find more expensive electricity anywhere.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    Quote Originally Posted by Gentle Viking View Post
    Well if only electricity here was as cheap as in the worlds # 50 cheapest country for electricity, but sadly it is much - much more expensive here, actually you be hard pressed to find more expensive electricity anywhere.
    wait til our new nuclear power station kicks off with its guaranteed fixed tariffs to the chinese that our brilliant mps signed us up to.

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    Re: Crypto miners are bulk buying RTX 30 laptops in China

    wow, after all these years, this is still going on.

    wasn't it RAM prices that were ridiculously inflated a few years back?

    Edit: Ok, just saw this article on the beeb: Elon Musk's Tesla buys $1.5bn of Bitcoin causing currency to spike
    That won't help matters!
    Last edited by Scryder; 09-02-2021 at 12:39 AM.
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