Crypto enthusiasts could make $122K per year mining Ethereum with this setup
All you'd need is 78 NVIDIA GeForce RTX 3080 graphics cards... and a decent air conditioning system. Simon Byrne has taken at-home crypto mining to a whole new level as he looks to capitalize on Ethereum’s (ETH) potential. As first reported by Anthony Garreffa, Byrne has set up an ETH mining rig consisting of 78 GeForce RTX 3080 graphics cards. Although the RTX 3080 is marketed toward high-end PC gamers, crypto miners are using these powerful specs to enhance their capabilities. With each card using roughly 300W of power, Byrne’s setup uses 23.4KW of energy. And that doesn’t even factor in....
Related News
Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. MinerGate, one of the oldest multi-currency mining pools, enters into a partnership with a BitFury associate Hashing24 to provide its clients true cloud mining experience. Cloud mining is the answer to risks associated with Bitcoin mining as it is no longer feasible to invest in a personal mining setup and risking it not to pay off. Cloud mining on the other hand lets one earn their first Bitcoins within a matter of days without....
Mining cryptocurrencies is one of the best ways to make money in the cryptocurrency industry. However, mining profitable cryptocurrencies like Bitcoin and Ethereum can be expensive since it requires high-end computing machines. Also, the cost of maintaining these machines is immense and beyond the reach of the average crypto lover. This is why cloud mining has become popular, as it offers crypto enthusiasts the opportunity to mine cryptocurrencies while paying a fraction of the total […]
Bitcoin mining hardware manufacturer Bitmain has announced they added support for Ethereum mining on Antpool as of May 28. In doing so, the company is welcoming all Ethereum enthusiasts to point their rigs at a new mining pool with a solid reputation. Antpool Welcomes Ethereum Miners. It is quite an interesting change to see Bitcoin mining pools expand their offering to Ethereum miners as well. Albeit a lot of people firmly believe both cryptocurrencies are in direct competition with each other, this news goes to show they can co-exist peacefully without issues. Plus, Antpool is one of the....
Minergate, one of the largest multi-currency mining pools, has recently added the Ethereum mining feature to its mining client. The main idea behind Minergate is the ease of use and approachability for amateur miners, without any associated drawbacks for professionals. Variable difficulty, a defining feature of the pool, adapts the difficulty to the power of a user’s CPU/GPU, which allows for efficient mining even on some weaker equipment. Minergate was launched in 2014 by a team of cryptocurrency enthusiasts. It consists of more than 100,000 active users mining a number of....
Manufacturers restrict mining of cryptocurrencies due to a shortage of GPU cards: Will this lead to the end of mining as we know it? After an exceptional start to the year, the crypto market entered a bearish period in mid-May, causing some to reevaluate their stance on some of the fundamentals surrounding the crypto industry.The prolonged fall of Bitcoin (BTC) — by more than 50% — and the subsequent dip in mining difficulty by 16%, which are suspected to have been partially caused by news of China’s intention to take tough measures against crypto mining and trading, as well as Tesla’s....