Miners, one of the important stakeholders of the cryptocurrency community, are currently focused on a mining venture that they cannot believe. According to the information on the mining platform called Flexpool, someone is mining Ethereum using the unreleased models of NVIDIA and AMD. These models are; NVIDIA GeForce RTX 4090 Ti and AMD Radeon RX 7000.
To be frank; There is no way to confirm that the graphics cards used in the mining attempt are NVIDIA GeForce RTX 4090 Ti and AMD Radeon RX 7000. However, there is something strange at this point. These miners were able to achieve unprecedented mining speeds with the graphics cards they used. According to the information in Flexpool, the system used has even exceeded 3 TH/s. Well what does it mean?
Reaching the same speed is possible with 10 thousand NVIDIA GeForce RTX 3090
Miners operate their graphics cards in different ways. In this context; OC test is used for NVIDIA GeForce RTX 4090 Ti, and both control test and OC test modes are used for AMD Radeon RX 7000. However, it is not possible to reach any information about these mining modes. The only thing we can say at the moment is that the system used almost prints money. . .
When we look at the miners’ systems, we see that the average mining speed of the NVIDIA GeForce RTX 4090 Ti is 1.22 TH/s (1.22 terahash). Considering that as an individual consumer, you can reach 110-120 MH/s (110-120 megahash) speed with only 1 NVIDIA GeForce RTX 3090, you need to have around 10 thousand NVIDIA GeForce RTX 3090s in order to reach the production capacity of the mentioned miners. These numbers are unbelievable. However, it must be said that miners probably have more than one NVIDIA GeForce RTX 4090 Ti in their hands. Unfortunately, there is no way to confirm this possibility.
When we look at the average speed of the system, we can say that these miners are unbeatable. Because the system used mines 5 Ethereums in a 3-hour working period. This means that the 3-hour earnings of the system are around 20 thousand dollars. The fact that this system works for 1 month means that the monthly earnings of the system owners will be over 4 million dollars.
Although the data is impressive, it is an undeniable fact that this system is not liked by other miners. Because the introduction of such a powerful miner into the system has increased the Ethereum mining difficulty. This means that other miners are starting to earn less money. On the other hand; It is not clear how the graphics cards, which are expected to be released towards the end of 2022, were reached, and who the owners of these graphics cards are. The system, which has been running for 12 days, seems to rewrite the rules of mining. . .
431
