Chinese miners began to massively buy laptops with RTX 3000 graphics cards for mining ETH amid historical highs.
In China, cryptocurrency miners have created a shortage in the laptop market. This is reported by the publication VideoCardz.com.
Ethereum (ETH) has tripled in price since November 2020. The cryptocurrency has become the most popular among GPU miners. The excitement reached such proportions that miners began to buy laptops with video cards of the series GeForce RTX 3000.
Source: videocardz.com
It is reported that miners are willing to overpay for expensive laptops in the hope of recouping their investment amid rising ETH prices. This, of course, along with the Chinese New Year, is likely to impact the availability of RTX 30 laptops.
Miners are buying up the market
To confirm the strong demand, Fish Pond’s content manager F2pool conducted an experiment. Using a laptop with an RTX 3060 graphics card, the content manager started mining cryptocurrency.
In two hours, the laptop was able to mine 0.00053 ETH (~ $ 0.86). During this time, she managed to buy coffee, half the price of which paid off through mining. The ETH / USDT rate at the time of this writing is $ 1633.
Source: videocardz.com
However, the laptop market is far from the only one affected by aggressive miner buying. Earlier it became known that the Chinese mining market was on the brink of a crisis due to a shortage of chips required for ASICs.
In addition to the Chinese, the domestic market was also swept by a wave of video card shortages. At the same time, Nvidia representatives believe that the deficit is not associated with cryptocurrency miners.
Maxim Sapunov, head of the “Computer Hardware” direction of the Russian AliExpress, said that the shortage of video cards in the local market has remained since October 2020. At the same time, in the IV quarter of 2020, sales of video cards on AliExpress Russia grew 4.5 times compared to the previous quarter.
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