Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

M1 Max Crypto mining?

S

sunny5

Suspended
Original poster
Jun 11, 2021
1,851
1,718
I don't know why but some people are interested to use M1 Max MBP for mining cause it performs mobile RTX 3080's performance with 400GB/s and unified memory which can be used as VRAM up to 64GB(Theoratically).

VRAM amount is extremely huge and the bandwidth is fast too. But I wonder what's the problem for mining? ARM CPU? Any technical issues?
 
  • Like
Reactions: andrewj
sunny5 said:
I don't know why but some people are interested to use M1 Max MBP for mining cause it performs mobile RTX 3080's performance with 400GB/s and unified memory which can be used as VRAM up to 64GB(Theoratically).

VRAM amount is extremely huge and the bandwidth is fast too. But I wonder what's the problem for mining? ARM CPU? Any technical issues?
Click to expand...

It's an extremely dumb and wasteful thing to do with the resources of your computer. Your laptop will 100% be damaged.

I have no doubt people into this won't listen to any sense. They'll do it anyway and learn the truth the hard way.
 
  • Like
  • Angry
Reactions: haruhiko, ElectronGuru, Bearxor and 1 other person
I tested recently cryptomining for ~1 hour on my RTX 3090 (the best gpu for mining) and it would earn only around 160 Euros per month (24 hour usage per day) - 113 Euros costs for the power = 47 Euros benefit (only if the eth price is not going down) :D. I understand why many crypto miners sold their gpus right now.

The second market prices for non lhr graphics, especially RTX 3080/90 is still incredible high. I you have bought the gpus in 2020, or from the Founder Edition drops at msrp, you will make a huge amount of profit. Much more than this crypto mining will give you for a year of mining.

It's incredible hot (the air in the room) and loud. The most annoying thing is the coilwhine which is going on and off every few seconds. This high pitching noise is not acceptable.
 
Last edited:
  • Like
Reactions: ElectronGuru
Only useable if the mining rig is another room or better cellar. I wont get disturbed by the sound and heat. The profit is so tiny, gpu scalping will give you a lot more money. 1 RTX 3080 FE => 1000 Euro per gpu, 1 RTX 3090FE 800-900 Euro per gpu.
 
  • Like
Reactions: olys.otis
olys.otis said:
Good question. I've already thought about that. As long as the electricity is free, why not?
Click to expand...

There is no such thing as free electricity. If you are a renter your landlord or will increase your rent. Not just your rent but all your neighbors too, just because one person was using more energy.

If you live in mom’s basement she will make you pay also.
 
  • Like
Reactions: haruhiko
My question to Ponzicoinbro is when do you plan to move out of mommy’s basement? Maybe taking advantage of some mining would help?
 
  • Like
Reactions: haruhiko
ponzicoinbro said:
There is no such thing as free electricity. If you are a renter your landlord or will increase your rent. Not just your rent but all your neighbors too, just because one person was using more energy.

If you live in mom’s basement she will make you pay also.
Click to expand...
I was thinking more of hotels, AirBnB apartments, the office or industrial halls. ;)
 
Interesting idea, but I'd be afraid of frying my shiny new toy. I'd rather grid an army of cheap Raspberry Pis.
 
  • Like
Reactions: olys.otis
olys.otis said:
I was thinking more of hotels, AirBnB apartments, the office or industrial halls. ;)
Click to expand...

Whoever pays the bills will make sure someone pay. If people at wide scale did what you are suggesting then all these offices, hotels, halls will pass the costs on to customers or they will slow down salary increases For workers, maybe even cut one worker.

So you think you are getting this free electricity today but not tomorrow. The next year you travel and see prices are rising above inflation. Someone somewhere is not interested in absorbing the costs of electricity being misused so they make their customers pay.

There’s nothing free. Someone will pay for a rising cost. Businesses, energy production, environment, people, everything is connected and has a knock on effect.
 
  • Like
Reactions: haruhiko
ponzicoinbro said:
Whoever pays the bills will make sure someone pay. If people at wide scale did what you are suggesting then all these offices, hotels, halls will pass the costs on to customers or they will slow down salary increases For workers, maybe even cut one worker.

So you think you are getting this free electricity today but not tomorrow. The next year you travel and see prices are rising above inflation. Someone somewhere is not interested in absorbing the costs of electricity being misused so they make their customers pay.

There’s nothing free. Someone will pay for a rising cost. Businesses, energy production, environment, people, everything is connected and has a knock on effect.
Click to expand...

Even though we have exchanged barbs I agree with this. Everything is connected and is effected one way or another.
 
sunny5 said:
I don't know why but some people are interested to use M1 Max MBP for mining cause it performs mobile RTX 3080's performance with 400GB/s and unified memory which can be used as VRAM up to 64GB(Theoratically).

VRAM amount is extremely huge and the bandwidth is fast too. But I wonder what's the problem for mining? ARM CPU? Any technical issues?
Click to expand...
To make it reasonably profitable someone should optimise crypto miners for using metal and maybe also other tools in Apple SOC. Then I believe it could be one of the most efficient gpu mining rigs in the world.
 
sunny5 said:
I don't know why but some people are interested to use M1 Max MBP for mining cause it performs mobile RTX 3080's performance with 400GB/s and unified memory which can be used as VRAM up to 64GB(Theoratically).

VRAM amount is extremely huge and the bandwidth is fast too. But I wonder what's the problem for mining? ARM CPU? Any technical issues?
Click to expand...
It seems for ETH it isn't that great, but it is unclear if that is due to the port of the miner (ethminer-m1) or not. I've not seen an XMR miner for M1 yet.
 
metapunk2077fail said:
It's an extremely dumb and wasteful thing to do with the resources of your computer. Your laptop will 100% be damaged.

I have no doubt people into this won't listen to any sense. They'll do it anyway and learn the truth the hard way.
Click to expand...
Wasn't there a whole thread where folks argued that running the notebooks at 100C for long periods of time wasn't a problem?
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back