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Nvidia RTX 30-series stock disaster: New RTX laptops caught up in mining boom

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New Nvidia RTX 30-series gaming laptops looked to have been the answer for those wanting next-gen graphics card power. This is because desktop cards like the Nvidia GeForce RTX 3080 remain extremely limited. It turns out that new laptops have helped not only ordinary consumers, but cryptocurrency miners, as they’re buying up laptops to build mining rigs.

Weibo user BTCer posted photos on the Chinese social media site of one such rig, featuring dozens of RTX 30-series laptops. Cryptocurrency mining on laptops has historically been unprofitable, but the improved performance of Nvidia’s latest GPUs is apparently making the process viable at scale. Combined with a recent boom in the price of Ethereum, one of the most popular cryptocurrencies, and it looks like laptops won’t be spared the same squeeze on demand that miners inflicted on desktop cards.

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