Wednesday, December 30th 2020

Ethereum Mining Farm with 78 RTX 3080 Graphics Cards Spotted

Availability for NVIDIA and AMD's latest graphics cards is dire, to say the least; the average consumer finds their stocks to be spotty, at best, with available cards quickly dropping into oblivion. Scalpers and their associates are part of the problem, as is already well-known; however, another element to this same problem - at least, when it comes to numerous graphics cards finding their way to the same consumers, instead of being available for others - is mining. Because while we are definitely not facing the same shortages as we were back in the day where everyone and their mother wanted to get into mining using our tried and true graphics cards, mining farms are still a reality, and they are making use of NVIDIA (and AMD's) latest graphics cards as well.

Case in point, a mining farm running as many as 78 PNY RTX 3080 graphics cards has surfaced in Las Vegas. This 78-card mining farm was apparently put together with a $100,000 budget (around $1,199 per card, not considering other installation costs). For that money, the mining farm should be capable of around 6,474 MH/s (83 MH/s per RTX 3080), which amounts to a monthly Ethereum production of around 17.3 ETH per month (pricing fluctuates, so we won't give an estimation on dollar value for each ETH). Associated electricity running costs with such a system, including cooling, should pan out around 23.4 kW (with an estimated 300 W of power for each card) at $8.34 per Kw.
Source: Hardware Times
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93 Comments on Ethereum Mining Farm with 78 RTX 3080 Graphics Cards Spotted

#1
Ravenas
This started previously, but the market should be catered with separate graphics cards.
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#2
TheoneandonlyMrK
All those GPUs and yet it would be shit at Crysis, such a shame.
I'm really surprised Country developed crypto hasn't usurped the originator's yet and that they're not legislated against more.
And I used to mine, I'm not fully a hater but given the environmental impact I'm not all for it And the banking system existing side by side.
Posted on Reply
#3
Raevenlord
News Editor
Not saying that's the case, but I wouldn't be surprised to know miners also use the same bots and services the scalpers have deployed for automated buys of these graphics cards.
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#4
mouacyk
This is terrible. Even at scalper prices, miners can still make a profit with sufficient quantity and time. In 6 months, may be we will get second-hand 3080's at $700, that are mined to 1.5inch of their lives.
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#5
DeathtoGnomes
no reason to be mad at miners, they want cards as much as anyone else. But are willing to pay the premium others do not.
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#6
Upgrayedd
That power strip floating in the air lmao. Also I doubt those cards are running at 300w each. I'd be surprised if the power limiter isn't under 75%
theoneandonlymrk
All those GPUs and yet it would be shit at Crysis, such a shame.
I'm really surprised Country developed crypto hasn't usurped the originator's yet and that they're not legislated against more.
And I used to mine, I'm not fully a hater but given the environmental impact I'm not all for it And the banking system existing side by side.
I thought people like crypto because its decentralized and not owned by a government?
Posted on Reply
#7
Raevenlord
News Editor
Upgrayedd
That power strip floating in the air lmao. Also I doubt those cards are running at 300w each. I'd be surprised if the power limiter isn't under 75%I thought people like crypto because its decentralized and not owned by a government?
I'd say people really just love making money above all.
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#8
robal
What a sad waste of hardware and CO2 emissions...
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#9
The Quim Reaper
These miners really are Human garbage...parasites, consuming resources and producing nothing whatsoever of worth in return.


Hope they overheat, catch fire and burn the place down.
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#10
yotano211
Worthless article from TPU, more cut and paste crap.
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#11
halcyon
This crypto-ponzi-scam is getting really tired. Hope they come up with a cheap ASIC soon that kills the whole mining biz.
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#12
TheoneandonlyMrK
Upgrayedd
That power strip floating in the air lmao. Also I doubt those cards are running at 300w each. I'd be surprised if the power limiter isn't under 75%I thought people like crypto because its decentralized and not owned by a government?
What people like and what they get isn't always the same though, I like the decentralisation but not that keen on this interpretation of that.

@yotano211 Gloating about your scalping success while bemoaning mining, interesting take to bring to the table I'm not sure I'm a fan of your ways but it's legal so I'll not say to much.
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#13
mouacyk
With the shortage on fabs and supplies, ASICs cannot come soon enough to rescue us, now that the pandemic has driven whales to lock their money away in crypto. At this rate, every future hardware release will go through this cycle -- botted out to miners then resold after profitability has dwindled to gamers.
Posted on Reply
#14
yotano211
mouacyk
With the shortage on fabs and supplies, ASICs cannot come soon enough to rescue us, now that the pandemic has driven whales to lock their money away in crypto. At this rate, every future hardware release will go through this cycle -- botted out to miners then resold after profitability has dwindled to gamers.
I guess you don't know anything about mining, ASIC machines have been here for many many years.
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#16
Raevenlord
News Editor
yotano211
wow what a BS article from TPU, blaming scaplers for the entire shortage of 3080s. And I'm proud to be one of those buyers and resellers, it was part of my ebay business for 10 years that paid for a house and boat. Thank you to all my buyers in the past.

Then saying that the power cost is only 8.34 per Kw when in the US its closer to .12 cents average and in Las Vegas its closer to .14 cents. I know because I've been in Las Vegas for 3 months now and once have lived there for 28 years. I moved in 2015 to another state.

Why would an editor write such a crap article about mining and scalpers when everyone knows it will be locked in the future. If TPU editors are allowed to write about this subject why lock all the others about religion or politics.

Another article by TPU that's not news worthy but still allowed to be posted.
Wait, what? That comment is all over the place.
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#17
ZoneDymo
pretty sure if you are in Las Vegas you would have this rig running on solar energy
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#18
yotano211
Raevenlord
Wait, what? That comment is all over the place.
Nothing, I guess you don't know how to do your research on articles.
Posted on Reply
#19
ZoneDymo
yotano211
Nothing, I guess you don't know how to do your research on articles.
I guess English is not your first language or something because that reply makes no sense either.
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#21
mouacyk
Somebody seems singled out. While it's true that an ASIC does exist for ETH mining with better cost, GPUs can be resold to gamers when difficulty surpasses profitability, whereas the ASIC cannot. Nefarious capitalists, if I may say...
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#22
LFaWolf
I am not a miner and have no idea about mining, but given the data above, can someone do the math and shows the profit of the said system? I am just curious. Thanks.
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#25
TheoneandonlyMrK
LFaWolf
I am not a miner and have no idea about mining, but given the data above, can someone do the math and shows the profit of the said system? I am just curious. Thanks.
17.3x£540.10(UK coinbase) =£9.343.73- elecy - part costs etc.
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