Chinese cryptocurrency miners are reportedly buying Nvidia's new laptops to mine Ether (ETH) amidst the altcoin hitting new all-fourth dimension highs.

Nvidia's latest GeForce RTX xxx laptops have go increasingly popular in China as a tool for mining cryptocurrency, co-ordinate to several sources.

On Feb. half-dozen, a Weibo user known as BTCer posted a bunch of images showing off GeForce RTX xxx series gaming laptops making up a solid crypto mining farm. "A laptop mine is up​," BTCer noted in the mail service depicting dozens of laptops stacked up on shelves.

Source: Weibo

Several tech media outlets including VideoCardz and Wccftech subsequently suggested that the mining farm was set up up specifically for mining Ether. The reports also cited a contempo fun video by Bilibili user Fish Swimming F2pool showing how easy it is to mine crypto on a laptop equipped with a new RTX 3060 graphics card. Using a laptop plugged into the wall socket at Starbucks, the user reportedly mined 0.00053 ETH (worth an estimated $0.89) in around two hours.

Co-ordinate to some estimations, ane GeForce RTX 3060 laptop can potentially generate up to around ii.3 ETH per yr ($iii,900) at the electric current prices, apparently being able to embrace upwardly the toll of the laptop and free energy costs in China. Having arrived in marketplace on Jan. 26, dissimilar GeForce RTX 30 series laptops are priced between $1,000 and $2,000.

Chinese GPU miners are apparently driving more than demand to the already shortaged market, should the latest reports be true. In January 2021, Nvidia's principal financial officer Colette Kress said that the visitor's supply "volition likely remain lean throughout Q1," stating that gaming demand was "off the charts," and the firm has not been able to keep upwardly.

Ether price spikes have historically been associated with higher miner rewards, particularly generated through abnormally high gas fees. On February. five, boilerplate gas fees peaked at an all-time high of $25.2 amid Ethereum breaking above $one,700.

Equally Ethereum is set to become a Proof-of-Stake blockchain one day, the Ethereum mining customs will have to find other options to generate rewards. As reported, the first phase of Ethereum'southward PoS upgrade has been launched in late 2020.