Chinese cryptocurrency miners are said to be buying Nvidia Ether (ETH) laptops amid altcoins, which are gaining new full-time points.

According to multiple sources, the latest Nvidia GeForce RTX 30 laptop is becoming more popular in China as a cryptocurrency mining tool.

On February 6, a Weibo user known as BTCer posted several photos showing GeForce RTX 30 series laptops, a powerful cryptocurrency mining operation. “A computer mine exploded,” said a BTC post that shows dozens of laptops stacked on shelves.

Several technical media outlets, including VideoCardz and Wccftech, later suggested a mining setup specifically for ether mining. Reports also point to a recent funny video of user Bilibili Fish Pond F2pool showing how easy it is to hack cryptocurrency on a laptop equipped with the new RTX 3060 graphics card. With a laptop connected to a Starbucks outlet, a user reportedly mined 0.00053 ETH (roughly $ 0, 89) in about 2 hours.

According to some estimates, the GeForce RTX 3060 laptop could generate up to 2.3 ETH per year ($ 3,900) at current prices, and it appears that it will be able to cover the cost of the laptop and electricity bills in China. Several GeForce RTX 30 series laptops released on January 26 will sell for between $ 1,000 and $ 2,000.

Chinese GPU miners are clearly increasing demand in an already scarce market, if recent reports are correct. In January 2021, Nvidia Chief Financial Officer Colette Chris said the company’s offerings “are likely to remain scarce during the first quarter,” saying that demand for games is “out of range” and that the company has not kept up.

Historically, higher ether prices have been associated with higher mining rewards, especially due to abnormally high gas taxes. On February 5, the average gas price reached a permanent high of $ 25.2 for Ethereum, which crossed $ 1,700.

Since Ethereum will someday become a verified blockchain, the Ethereum miner community must find other alternatives to receive the rewards. As reported, the first phase of the Ethereum PoS update was launched at the end of 2020.

Source: CoinTelegraph