Tag Archives: Bitcoin

PS4 Consoles Now Used To Mine Cryptocurrency?

PS4 Consoles Now Used To Mine Cryptocurrency?

Is it possible that cryptocurrency miners are now using Sony PS4 consoles to mine Bitcoin or Ethereum?

Take a look at the viral photo, and tell us what you think!

 

PS4 Consoles Now Used To Mine Cryptocurrency?

Cryptocurrency miners have turned the gaming world upside down, buying up graphics cards and even gaming laptops in bulk. As long as it has a GPU, they are snatching it up!

But their demand for more computing power does not seem to be sated, and it appears that they may have turned their attention to PS4 consoles!

Take a look at this viral photo of a very ghetto-looking mining rig made up of sixteen PS4 Slim consoles.

 

How Much Money Can This PS4 Mining Rig Make?

We have no idea if it’s actually running, or just a work in progress though, because we never heard of anyone actually mining cryptocurrency on the PS4.

The PS4 and PS4 Slim use a custom AMD Radeon 7970M GPU, with 18 compute units and 8 GB of GDDR5 memory with 176 GB/s of memory bandwidth.

It is roughly 20% slower than the AMD Radeon 7970M mobile GPU, but cryptomining is less about processing power, and memory bandwidth.

So let’s just call PS4 Slim equivalent to the  Radeon 7970M for mining purposes, which delivers a hash rate of about 8.35 H/s.

Each PS4 console would be fast enough to generate 0.00013896 BTC worth US$7.62 per month.

And that 16-console PS4 mining rig above would generate about 0.00222336 BTC worth US$121.92 per month.

Even if they are stealing electricity, that’s really not a lot of profit, to be honest…

 

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This RTX Laptop Mining Farm Could Make $3.5 Million / Year!

Take a look at this crypto-mining farm that could make $3.5 million a year using just 900 NVIDIA GeForce RTX 3060 gaming laptops!

 

Hundreds Of RTX Laptops Used In Crypto Mining Farms!

Not only gamers are affected by the limited supply of graphics cards in the market. So are cryptominers!

Chinese cryptominers now have to resort to buying up whatever GeForce RTX gaming laptops they can find, literally hundreds of them!

Instead of ASIC miners or GPU mining rigs, they are now powering their cryptomining operations with RTX gaming laptops!

We earlier highlighted the new trend of using RTX gaming laptops to mine cryptocurrency. It looks as this is more extensive that we first thought.

A Weibo blogger called 神鱼BTCer just shared even more pictures of RTX laptop-based mining operations, big and small.

Many appear to be pretty ghetto, placing the laptops in a kind of “tent mode” for better cooling, wherever there’s space – on tables, chairs or the floor.

But he also showed a seriously big crypto-mining farm being built using these GeForce RTX 30-series gaming laptops.

He even shared a short clip (part of the video we posted above), showing the cryptocurrency mining farm partially operational, with more being set-up.

There are 10 laptops per shelf, with each shelving unit capable of accommodating 60 laptops.

While not particularly large, this cryptocurrency mining farm has at least 15 visible shelving units, so that’s a total of 900 RTX gaming laptops when it’s fully operational.

Currently, it’s only partially complete, with about 200 or so laptops running, with many boxes of laptops left to open and setup.

 

How Much Money Can This RTX Laptop Mining Farm Make?

We had earlier shared about how a Bilibili content creator used an RTX 3060 laptop to mine 0.00053009 ETH while she sipped her coffee at Starbucks for 2 hours.

Based on her experience, we can guesstimate that the average GeForce RTX 3060 laptop will be able to produce :

  • 0.000265045 ETH per hour
  • 0.00636108 ETH per day
  • 0.1908324 ETH per month (30 days)
  • 2.3217942 ETH per year

Chinese electricity costs about RMB 0.545 (US$0.084) per kWh. Assuming each laptop uses about 250 watts of power (including whatever external fans they may be using), that works out to about RMB 1,200 or US$186 per year.

As of 11 February 2021, Ethereum is priced at US$1740. So here’s roughly how much this cryptocurrency mining farm would make, at that price :

  • 100 laptops : $385,392 per year
  • 200 laptops : $770,784 per year
  • 300 laptops : $1,156,177 per year
  • 400 laptops : $1,541,569 per year
  • 500 laptops : $1,926,961 per year
  • 600 laptops : $2,312,353 per year
  • 700 laptops : $2,697,745 per year
  • 800 laptops : $3,083,138 per year
  • 900 laptops : $3,468,530 per year

So there you have it – this small cryptocurrency mining operation can potentially make almost US$ 3.5 million in a single year.

But what’s the ROI, you say?

The Chinese OEM, Hasee, offers a GeForce RTX 3060 gaming laptop with a starting price of just RMB 6,499 (approximately RM4,089 / US$1,005 / £732 / A$1,309 / S$1,340).

And the video shows that this mining operation is using the same, or similar, Hasee RTX gaming laptops.

Let’s say they paid a 20% scalper’s premium, and purchased all 900 Hasee RTX 3060 laptops for a cool US$1,085,400.

Let’s further round that up to US$1.1 million for miscellaneous costs – shelving units, lights, fans, etc. including US$500 per month for rental.

Based on those assumptions, their net profit for the 900-laptop mining farm would be US$2,368,530 per year, at current prices.

That’s an incredibly high ROI of 17.9% per month, which is 67% higher ROI than the 78-card GeForce RTX 3080 mining rig!

After recovering the cost of the entire mining farm ($1.1 million) in just over 3 months, everything else they make after that is pure profit (after deducting rental and electricity costs), unless they are stealing the electricity!

With such great ROI, you can count on cryptocurrency miners to buy up ALL the GeForce RTX 30 series laptops they can get their hands on!

 

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Illegal Bitcoin Cryptomining Operation Seized!

The Pahang police and TNB SEAL team just busted and seized an illegal cryptomining operation, and arrested a suspect there!

 

Illegal Bitcoin Cryptomining Operation Seized!

On 9 February 2021, the Pahang police D7 JSJ team and the TNB SEAL team (seriously, that’s what they call themselves) busted and seized an illegal Bitcoin cryptomining operation.

The Bitcoin cryptomining operation occupied two shoplots in a three storey building at Batu 3, Jalan Gambang in Kuantan, Pahang.

The police also arrested a suspect who was found at the cryptomining operation.

According to the Pahang Deputy Chief of Police Dato’ Mohd Yusri bin Hj. Hassan Basri, the suspect had illegally tapped into the electricity at both premises, and will be investigated under :

  • Section 379 of the Penal Code for stealing electricity
  • Section 427 of the Penal Code for committing treason

We should point out that cryptomining is not illegal in Malaysia, whether it’s for Bitcoin or any other cryptocurrency.

What’s illegal is the theft of electricity to run such cryptomining operations for maximum profit.

That’s why the TNB SEAL team was involved, and not just the police.

 

More Pictures From The Illegal Cryptomining Operation Raid

 

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GeForce RTX 3060 Laptop Mining : Over 30% ROI?!

Here is the new craze in cryptocurrency mining – GeForce RTX 3060 laptop mining rigs!

Take a look at new laptop mining rigs in China, and find out how much they can make!

 

GeForce RTX 3060 Laptop Mining : The New Craze!

Supplies of desktop graphics cards are low, and prices are sky-high, and here’s more bad news – miners are coming for the laptops too!

A Weibo blogger called 神鱼BTCer just shared photos of different GeForce RTX 30 series laptop mining rigs!

BTCer claims they are all “home-based”, but we have no idea whether they are his, or from different cryptocurrency mining operations.

But in a response to a question, he said that the best way to keep them cool is by putting them in a sort of “tent mode”.

This picture shows four stacks of GeForce RTX 3060 laptops made by Chinese OEM Hasee, powered on (you can see the green light).

Hasee offers a GeForce RTX 3060 gaming laptop that has a starting price of just RMB 6,499 (approximately RM4,089 / US$1,005 / £732 / A$1,309 / S$1,340).

These twenty Hasee GeForce RTX 30 series gaming laptops would cost just over US$20,000.

This seems like a waste of power – leaving their displays turned on. But leaving the display up would definitely improve cooling.

 

How Much Money Can RTX 3060 Laptop Mining Rigs Make?

A Bilibili content creator Fish Pond f2pool demonstrated how fast someone with a GeForce RTX 3060 laptop can “mine” cryptocurrency.

She plugged in her GeForce RTX 3060 laptop into a power socket at Starbucks, and mined 0.00053009 ETH over 2 hours while she sipped her coffee.

On 5 February 2021, Ethereum closed at US$1,680.497, so she mined enough during her coffee break to make US$0.89 or RMB 5.76.

Not quite enough to pay for her coffee (about RMB 28), but at least the electricity is FREE!

Based on her experience, we can guesstimate that the average GeForce RTX 3060 laptop will be able to produce :

  • 0.000265045 ETH per hour
  • 0.00636108 ETH per day
  • 0.1908324 ETH per month (30 days)
  • 2.3217942 ETH per year

So that mining rig with 20 Hasee laptops you saw up there could make, at current prices, about :

  • $8.908 per hour
  • $213.80 per day
  • $6,413.87 per month (30 days)
  • $78,035 per year

Chinese electricity costs about RMB 0.545 (US$0.084) per kWh.

Assuming each laptop uses about 250 watts of power (including whatever external fans he may have), that works out to about US$3,679.20 per year.

So his net profit for the 20-laptop mining rig would be US$74,356 per year, at current prices.

That’s an incredible ROI of 30.8% per month, which means he will recover the cost of the entire rig ($20,100) in just under 3.5 months!

This is actually 2.9X higher ROI than the 78-card GeForce RTX 3080 mining rig!

With such great ROI, you can count on cryptocurrency miners to buy up hoards of GeForce RTX 30 series laptops!

 

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Bitcoin Revolution : Fake Celebrity Endorsements Exposed!

You may have seen celebrities endorsements of Bitcoin Revolution circulating on Facebook and Instagram, but they are all FAKE.

Find out why there are so many fake celebrity endorsements of Bitcoin Revolution, and how they are doing it!

 

Bitcoin Revolution : What Is It?

Bitcoin Revolution is an online “investment” scheme that people have been warning against for many years now.

They are notorious for using fake celebrity endorsements on Facebook, Instagram, etc to scam gullible people.

They have been caught using people like Kate Winslet and Hugh Jackman to former Singaporean prime minister Goh Choo Tong.

The Malta Financial Services Authority (MFSA) issued no less than two warnings about Bitcoin Revolution in January 2019 and August 2019.

Bitcoin Revolution is likely to be an international “get-rich-quick” cryptocurrency scam.

The public should therefore refrain from undertaking any business or transactions with the entity operating under the name of Bitcoin Revolution.

 

Bitcoin Revolution : Fake Celebrity Endorsements!

Take a look at just three examples of fake celebrity endorsements of Bitcoin Revolution, courtesy of Cryptovibes :

 

Bitcoin Revolution : Fake Lim Guan Eng Endorsement!

Here in Malaysia, a fake Malaysiakini article was being promoted on Facebook, with the title Lim’s Biggest Confession SHOCKED EVERYONE…

The article, designed to look like a genuine Malaysiakini article, claimed that Malaysian politician Lim Guan Eng told Nabil Ahmad on the TV show MeleTOP how he made his fortune using the Bitcoin Revolution platform.

It even claimed that Lim Guan Eng showed off how much he made, before specifically endorsing Bitcoin Revolution.

All that is FAKE. There is no such segment on MeleTOP, and no such article on Malaysiakini. Lim Guan Eng never made such an endorsement.

 

Fake Lim Guan Eng Endorsement Exposed!

How do we know this is yet another fake celebrity endorsement?

Reason #1 : That Is A Fake Art News Page

The people behind this fake endorsement created a fake Facebook page on 2 March 2020 to masquerade as the ARTnews magazine, whose genuine Facebook page was created on 13 February 2009.

Reason #2 : The Fake Article Is Hosted On Nelassa.com

The Facebook advertisement was designed to look like it will lead you to Malaysiakini, but it actually leads to a hidden page on Nelassa.com.

Nelassa itself masquerades as a new website on cell and plant biology, with articles going back to December 2019. But a quick check shows that the domain was only registered in February 2020.

Even more interestingly, the owner of this domain blocked access to his/her name and contact – always a suspicious sign!

Reason #3 : The Links Lead To SecuredSheep.com

The fake article of Lim Guan Eng endorsing Bitcoin Revolution is replete with links to Bitcoin Revolution. But if you inspect the links, they all lead to SecuredSheep.com.

Interestingly, SecuredSheep.com is also protected by the same company – Domain Protection Services, Inc.

 

Please AVOID Bitcoin Revolution

Let us repeat what the Malta Financial Services Authority (MFSA) warned in January 2019 and August 2019.

Bitcoin Revolution is likely to be an international “get-rich-quick” cryptocurrency scam.

The public should therefore refrain from undertaking any business or transactions with the entity operating under the name of Bitcoin Revolution.

 

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The BIOSTAR TB350-BTC Crypto Mining Motherboard Launched

May 8th, 2017 Taipei, Taiwan – BIOSTAR is thrilled to welcome the latest addition to its expanding lineup of specialized cryptocurrency mining motherboard with the introduction of the BIOSTAR TB350-BTC.

 

The BIOSTAR TB350-BTC Crypto Mining Motherboard

This motherboard supports AMD’s latest AM4 socket designed to work with the latest AMD AM4 APUs. With this latest motherboard, BIOSTAR is the first and only brand to offer a complete crypto mining motherboard lineup for any application making it the strongest family of specializing mining motherboards out right now.

Not to mention, BIOSTAR TB350-BTC is the first professional crypto mining motherboard for AMD AM4 platform. This is specially designed for AMD Ryzen lovers. They offer a performance and cost effective solution to make crypto mining easier for all.

BIOSTAR TB350-BTC with six PCI-e slots for enthusiasts who wish to create an ultimate mining rig to be loaded up with six graphics cards to boost up the mining speed for higher hash rate and make the mining performance most efficient. The uniquely designed two extra AUX power connectors support the sufficient power to enhance the performance of graphics cards for more stable operation.

TB350-BTC is designed to withstand extreme operating conditions that can cause stability issues on traditional components. The enhanced nature of the BIOSTAR PRO Series guarantees its motherboard can endure and avoid issues that can cause downtime and profit loss.

The new BIOSTAR TB350-BTC features support for AMD AM4 processors including AMD A-series APUs. The motherboard will support up to 32GB of DDR4-2667 memory in dual-channel configuration. The board features full Gigabit LAN from Realtek for faster and better network performance. The BIOSTAR TB350-BTC also features support for up to six PCI-e devices allowing maximum utilization of the motherboard for excellent ROI per system.

In terms of rear I/O connectivity, the BIOSTAR TB350-BTC has legacy PS/2 connector support, a single DVI for video output. There’s plenty of USB ports in there with USB3.1 ports and USB2.0 ports. There’s also the Realtek GB LAN port and audio output ports.

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The BIOSTAR TB350-BTC Specifications

 

MODEL TB350-BTC
CHIPSET AMD B350
CPU SUPPORT Socket AM4 supports AMD A-Series APU/CPU
Maximum CPU TDP (Thermal Design Power) : 95Watt
MEMORY Supports Dual Channel DDR4 1866/2133/2400/2667

2 x DDR4 DIMM Memory Slot, Max. Supports up to 32 GB Memory

Each DIMM supports non-ECC & ECC 4/8/16 GB DDR4 module

* DDR4 – 2667 only for Ryzen CPU.

Maximum DIMMA1 DIMMB1
DDR4-2667 SR
DDR4-2667 DR
DDR4-2667 SR SR
DDR4-2400 DR DR

SR:Single-rank DIMM, 1R x4 or 1R x8
DR:Dual-rank DIMMs, 2R x4 or 2R x8

EXPANSION SLOT 3x PCIe 2.0 x1 Slot

2x PCIe 3.0 x1 Slot (for Bitcoin mining, please change the speed to PCI-E 1.0 in BIOS setting)

1x PCIe 3.0 x16 Slot : When using APU or NPU, the bandwidth is x8 speed

STORAGE 4x SATA III Connector (6Gb/s)

Supports AHCI & RAID 0, 1, 10

USB 6x USB 3.1 Gen1 (5Gb/s) port (4 on rear I/Os and 2 via internal headers)

6x USB 2.0 port (2 on rear I/Os and 4 via internal headers)

LAN Realtek RTL 8111H

10/ 100/ 1000 Mb/s auto negotiation, Half / Full duplex capability

CODEC ALC887

7.1 Channels, High Definition Audio

 

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BIOSTAR TB250-BTC Mining Motherboard Announced

Taipeh, 26 January 2017BIOSTAR proudly announces its latest B250 motherboard to join its product line this generation with the introduction of the BIOSTAR TB250-BTC mining motherboard designed for dense bitcoin mining operations. The new BIOSTAR TB250-BTC motherboard features enhancements provided by the new Intel 200 series as well as improved efficiency by the latest 7th-generation processors.

The BIOSTAR TB250-BTC is designed to be the newest, most stable and durable foundation for bitcoin and cryptocurrency mining. Bitcoin mining and other cryptocurrency have become more widely known these days and the recent resurgence in Bitcoin price has awaken interest in both old and new miners in establishing themselves again in the mining scene.

With new GPUs offering more efficiency than previous generation, more GPUs can now be utilized for faster ROI. This trend in utilizing multiple VGA cards can cause extremely hot operating conditions which may affect system stability which may lead to operation disruption with breakdowns and failures.

That said, the new BIOSTAR TB250-BTC focuses on improving stability and endurance for extreme operating conditions that can cause potential downtime or similar problems stemming from maintenance issues stemming from unstable motherboards due to extended usage.

 

Crypto-currency trends for Bitcoin and other popular cryptocurrency require dedicating a system that can run for long periods of hours under stress which can easily deteriorate motherboard components. With the BIOSTAR TB250-BTC motherboard, this deterioration is reduced and the rate of which is is slowed down providing less maintenance cost which gives you the benefit of improved ROI. BIOSTAR achieves this by using its expertise in developing high-endurance and stable components for this application.

The new BIOSTAR TB250-BTC motherboard will support processors for the LGA1151 socket and will have native support for RAM with up to DDR4-2400 speeds and 32GB in total capacity. The motherboard will feature high-reliability LAN ethernet solution with Gigabit speeds for faster network utilization. Built-in M.2 connector allowshigh-speed storage support allowing you minimal cable use for maximum cabinet utilization for cards.

 

Choosing Your Hardware

There’s a lot to consider before getting started in setting up your bitcoin mining rig. We highly recommend starting with AMD graphics card like the Radeon RX 470. After which, other components are chosen and the necessary parts are ready including PCI-e risers and if you’ll be using around six graphics cards, we highly recommend two separate power supplies. The BIOSTAR TB250-BTC features two dedicated AUX power connector for reinforced power delivery for superior system stability and enhance GPU performance.

 

BIOSTAR TB250-BTC Specifications

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