Ethereum miners are renting Boeing 747s to ship graphics cards

Avatar image for jim1174
jim1174

301

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#1  Edited By jim1174
Member since 2003 • 301 Posts

Ethereum miners are renting Boeing 747s to ship graphics cards. They are buying up all the graphics cards and they have the money to rent planes to ship them.

Https://qz.com/1039809/amd-shares-are-soaring-ethereum-miners-are-renting-boeing-747s-to-ship-graphics-cards-to-mines/

Avatar image for urbangamez
urbangamez

3511

Forum Posts

0

Wiki Points

0

Followers

Reviews: 2

User Lists: 0

#2 urbangamez
Member since 2010 • 3511 Posts

this is crazy. hope they make millions. maybe the craze will end soon so gamers can buy amd rx 480, 580 and nvidia's 1070 gpus at sane prices

Avatar image for horgen
horgen

127493

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#3 horgen  Moderator
Member since 2006 • 127493 Posts

There is no way they will make enough money for it to be worth it. I highly doubt it at least.

Avatar image for R4gn4r0k
R4gn4r0k

46010

Forum Posts

0

Wiki Points

0

Followers

Reviews: 1

User Lists: 0

#4 R4gn4r0k
Member since 2004 • 46010 Posts

Is Ehterium the new Tiberium or something ?

@horgen said:

There is no way they will make enough money for it to be worth it. I highly doubt it at least.

Doesn't mining lead to huge electrical costs too ?

Avatar image for deactivated-63d2876fd4204
deactivated-63d2876fd4204

9129

Forum Posts

0

Wiki Points

0

Followers

Reviews: 0

User Lists: 0

#5  Edited By deactivated-63d2876fd4204
Member since 2016 • 9129 Posts

I had the urge to try this mining stuff out until I saw this...

Avatar image for comp_atkins
comp_atkins

38662

Forum Posts

0

Wiki Points

0

Followers

Reviews: 3

User Lists: 0

#7 comp_atkins
Member since 2005 • 38662 Posts

@Yams1980 said:

That image is super shady. Looks like they just quickly built up a makeshift barn and tossed a ton of server racks in there and likely its hidden in some forest somewhere and hijacked into the powergrid in the middle of nowhere. Look at the numbers they used also, its just a sharpie lol, its like they set that whole thing up in a few nights. Very shady and illegal whoever is stealing all that electricity.

Because nobodys doing this on the level, you could never afford the electricity costs on top of the costs of buying all the gear also. Average heroes like us could never compete against such factory like mining. I doubt you could even break even on the electricity costs.

build your own power plant