GeForce RTX 3080 Has Become The Most Profitable For Mining - Nightmare Scarcity Ahead

American enthusiast Simon Byrne built a mining farm of 78 GeForce RTX 3080 video cards. It turned out that against the backdrop of an increase in the price of Ethereum, video cards can bring owners up to $21 per month. This means that the crypto farm is able to pay for itself in six months, пишет video cardz.

At the current price of the RTX 3080, the creation of such a crypto-farm is estimated at about $100 thousand: $93,5 thousand for video cards (at $699 apiece) and another $6,5 thousand for power supplies and construction. Taking into account the cost of electricity in Las Vegas (8,4 cents per kWh), the owner’s income from mining Ethereum will be from $15 to $21. Thus, the created farm pays off in 6,6 months.

According to 2CryptoCalc, when mining Ethereum, each GeForce RTX 3080 is capable of bringing the owner about $ 11,6 every day, excluding electricity costs. 

This became possible against the backdrop of an increase in the cost of Ethereum. Yesterday, January 4, the cryptocurrency entered top 100 the most valuable asset on the planet. Its price is at its peak reached $1140 per unit, and the total capitalization reached $125 billion. At the time of writing the news, the price of the crypto asset has corrected to $1037. How пишет CNBC, the rise came on the heels of Bitcoin's surge, which topped $3 on Jan. 34.

Rosenberg Research President and Chief Economist at Merrill Lynch David Rosenberg call the rise in the value of cryptocurrencies is “abnormal”. He stated that a bubble has formed in the cryptocurrency market, which is why many assets are overvalued by 20-30%. He also noted that growth continues despite the difficult state of the global economy.

Against this background, it can be assumed that in the event of a new cryptocurrency boom, an even greater shortage of video cards awaits us. Although the latest generation of graphics accelerators from both AMD and NVIDIA is now very difficult to buy, cryptocurrency miners can create even more problems for players looking to purchase a new graphics card.