Obsessed with technology?
Subscribe to the latest tech news as well as exciting promotions from us and our partners!
By subscribing, you indicate that you have read & understood the SPH's Privacy Policy and PDPA Statement.
News
News Categories

Chinese crypto miners are buying gaming notebooks in bulk to mine Ethereum

By Kenny Yeo - on 28 Feb 2021, 10:30am

Chinese crypto miners are buying gaming notebooks in bulk to mine Ethereum

Note: This article was first published on 8 Feb 2021.

(Image source: Weibo)

Cryptocurrency is on the rise again. Ethereum, in particular, has seen its value rise over three times since November last year. At the time of writing, a single Ethereum is worth S$2,115.

The rise of cryptocurrency has led miners to scoop up mining hardware. A GPU is absolutely essential, and given the shortage of desktop GPU cards, these enterprising miners have resorted to gaming notebooks.

Ethereum price over past 3 months. (Image source: Ethereumprice.org)

In particular, these miners are interested in notebooks featuring NVIDIA's latest GeForce RTX 30 series mobile GPUs.

According to reports, a notebook powered by a GeForce RTX 3060 GPU is capable of mining 0.00053ETH every two hours. At current rates, that's the equivalent of ~S$1.12. This means a S$3,000 notebook would pay itself off in about 223 days.

Source: BTCer @ Weibo via Videocardz

Join HWZ's Telegram channel here and catch all the latest tech news!
Our articles may contain affiliate links. If you buy through these links, we may earn a small commission.