He buys 78 Geforce RTX 3080 to mine Bitcoin and earns $ 27,000 per month

An American has managed to procure no less than 78 Geforce RTX 3080 and 65 GTX 1080 Ti to build an impressive mining farm. Thanks to Bitcoin’s rising price since last year, he claims to make a net profit of $ 900 per day, or $ 27,000 per month. In a context of persistent shortage of graphics cards, the installation did not fail to cause controversy among players.

mining farm RGB 78 Geforce RTX 3080
Credit: TechArp

Nvidia’s GeForce RTX 3080 is a monster of power that is attracting the lusts of many gamers around the world. But the latter are not the only ones to set their sights on the graphics card, whose qualities in terms of bitcoin mining have already been proven. An American by the name of Simon Byrne has indeed decided to see the big picture: in order to build his own mining farm, he simply bought 78 RTX 3080, as well as 65 GTX 1080 Ti.

The impressive installation has of course cost him dearly: € 719 the graphics card, the total of RTX 3080 alone is worth € 56,000. An investment quickly repaid, according to Simon Byrne, who claims to be profitable from $ 900 per day, is $ 27,000 per month. At this rate, it will only take two months to be profitable. Remember that the price of Bitcoin recently exceeded $ 30,000, which explains these important figures.

It obtains 78 Geforce RTX 3080 in full shortage

Important figures, of course, but that should be qualified. By referring to its benchmarks, the graphics card is able to extract every day between $ 6.35 and $ 9.15 from Ethereum, a cryptocurrency similar to Bitcoin. If we report these results to the month, the miner can therefore hope to earn between $ 15 and $ 21,000. It is also necessary to consider the energy cost that the platform requires: approximately 23.4 kW according to some calculations, the equivalent of $ 1,444 per month at the cost of electricity in Las Vegas, where Simon Byrne lives. Taking all this into account, it will take between 4 and 6 months to the latter to be profitable.

Read also: Nvidia GeForce RTX 3070, 3080 and 3090 – date, price, technical sheet, all you need to know about graphics cards

Simon Byrne also attracted the wrath of the players all over the world, who have been facing for several months a shortage of Geforce RTX 3080 which should last in 2021. Without being the first cause, Bitcoin mining has largely contributed to this situation. It is also reported that Nvidia would have sold for $ 175 million in graphics cards to this sector. Critics, however, do not prevent Simon from saying that he is satisfied with his installation, to which he even gave a small name: Berta 2.