American enthusiast Simon Byrne built a mining farm of 78 GeForce RTX 3080 video cards. It turned out that against the background of the rise in the price of Ethereum, video cards can bring owners up to $ 21 thousand per month. This means that the crypto farm is able to recoup itself in six months, writes VideoCardz.
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 each) and another $ 6.5 thousand for power supplies and construction. Taking into account electricity costs in Las Vegas (8.4 cents per kWh), the owner's income from Ethereum mining will range from $ 15,000 to $ 21,000. Thus, the created farm pays for itself in 6.6 months.
According to 2CryptoCalc data, 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 the rise in the value of Ethereum. Yesterday, January 4, the cryptocurrency entered the top 100 most expensive assets on the planet. Its value peaked at $ 1140 per unit, and its total capitalization reached $ 125 billion. At the time of this writing, the price of the crypto asset has been adjusted to $ 1037. According to CNBC, the growth happened after the rise of Bitcoin, the price of which exceeded $ 34 thousand on January 3.
Rosenberg Research president and chief economist at Merrill Lynch bank David Rosenberg called the rise in the value of the cryptocurrency "abnormal." He stated that a bubble has formed in the cryptocurrency market due to which many assets are overvalued by 20-30%. He also noted that growth continues despite the difficult state of the global economy.
Against this background, we can assume that in the event of a new cryptocurrency boom, we will face an even greater shortage of video cards. Although the latest generation graphics accelerators from both AMD and NVIDIA are now very difficult to buy, cryptocurrency miners can create even more problems for players who want to buy a new video card.
Sources: VideoCardz | CNBC
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