RTX 30 laptops now being used for massive crypto mining farms, power outages caused in Iran

Written by Neil Soutter on Wed, Feb 10, 2021 2:30 PM

It’s hard to get your hands on a brand new graphics card these days, especially the new generation of RTX 30 series GPUs from Nvidia. Although no one can say for sure what reason is causing the most problems (since it’s mostly a collection of multiple reasons) one thing’s for sure: cryptocurrency miners are going crazy for the new GPUs.

Although pretty much every graphics card has been hard to get a hold of, it turns out that the recently released RTX 30-powered laptops are now being bulk bought by many crypto miners as well. In fact, some of these miners have reportedly been queuing up outside the graphics card manufacturing factories themselves and buying many laptops in bulk at a premium price.

This is because crypto miners are willing to pay up to 1/3rd more than what distributors usually pay, and in addition with very limited or even no warranty at all, increasing profits for the manufacturers. This has now resulted in multiple GPU mining farms popping up in places like China, where hundreds of RTX 30 laptops are set on shelves to mine as much cryptocurrency as possible.

What’s worse is how Nvidia is handling the situation. Now I usually like to be the optimist and understand that maybe Nvidia has their hands full and can’t really do anything about this.

However, with everything that’s been happening, the amount of RTX 30 cards and laptops these miners manage to get their hands on, and the fact that Nvidia is usually very strict when it comes to enforcing rules on retailers, distributors, and reviewers, so far it seems like Nvidia is doing nothing considering the profits they are making from miners compared to regular gamers.

These mining farms are becoming increasingly popular. So popular in fact, that Iran is reporting frequent power outages due to the many GPU mining farms located in their country. This is because Iran has fairly low cost electricity, and so many Chinese crypto miners have moved their large scale operations there as Iran’s electricity apparently costs 4 times lower than mainland China.

Reports say that Iran now has 14 large-scale mining farms that are currently in operation, which are consuming around 300 megawatts of electricity. In order to put that into perspective, 300 megawatts of power is roughly equivalent to a city with 100K people living there.

What do you think? Will this GPU mining craze ever stop or even slow down? Do you think Nvidia can’t help it? Or are they willingly taking part in it? And can anything actually be done about it? Let us know!

Will the GPU mining craze slow down eventually?

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18:04 Feb-11-2021

Are these stupid hacks just that dumb? Just get an ASIC and leave the gaming equipment alone you morons.

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09:41 Feb-11-2021

One things for sure. Everytime NVIDIA and AMD announced those brand new GPU's on the market. Whether it's for the desktop or for the laptop. These Crypto Miners will surely do anything to get those Babies no matter what.

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02:59 Feb-11-2021

i-

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00:45 Feb-11-2021

Three questions. How much affect does resale value have? Could AMD and NVIDIA put a fpga chip on the board that would knee cap the card's ability to crypto mine?

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00:46 Feb-11-2021

If one card manufacture did take measures to stop crypto miners would you be more willing to buy their card?

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19:32 Feb-10-2021

Mining will start to slow down when countries begin to make owning crypto currency illegal

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21:47 Feb-10-2021

Yeah... that's not going to happen. The few countries that do outlaw it, just create a huge black market.

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17:23 Feb-10-2021

Lets be real, companies priorities profits. Miners will ALWAYS offer them more than we do, so high end GPU's both in laptops and stand alone will soon be impossible to buy. Then they'll buy up all last gen too. Stadia is our future.

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21:20 Feb-10-2021

but what if you can mine with stadia or any other streaming service

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21:48 Feb-10-2021

No more games or gaming. We can go back to playing with toys and sports.

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16:27 Feb-10-2021

Whats next? using game consoles for mining? lol


I think it is possible on Xbox series X using a developer mode (which kind of lets you run homebrew) and also OpenCL API can work on Xbox which is required to run ethereum miner

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16:48 Feb-11-2021

This would be really cool but it would also make me really sad

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15:58 Feb-10-2021

terrible!

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15:22 Feb-10-2021

And that's PC's are better than console.

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16:06 Feb-10-2021

What?

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15:07 Feb-10-2021

Yes, move away from GPU's. Inflate the laptop market instead.

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17:15 Feb-10-2021

Why "move away"? They'll buy both. All the GPU's AND all the laptops. Then they'll buy all the consoles and but not for mining, but because they could resell them to world for 3 times the price. Face it people, the Stadia is our future.

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17:23 Feb-10-2021

If that's the future then GO BACK I WANT TO BE MONKE

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