Simon Byrne has taken at-dwelling crypto mining to a whole new level as he looks to capitalize on Ethereum'due south (ETH) potential.

As first reported past Anthony Garreffa, Byrne has set an ETH mining rig consisting of 78 GeForce RTX 3080 graphics cards. Although the RTX 3080 is marketed toward high-end PC gamers, crypto miners are using these powerful specs to enhance their capabilities.

With each card using roughly 300W of ability, Byrne'southward setup uses 23.4KW of energy. And that doesn't even factor in associated costs like Ac. All said, his electricity neb is estimated to run up to around $2,166 per calendar month.

The RTX 3080 launched in September at a toll of $699, merely supply shortages have caused the per-unit of measurement cost to swell to $1,199. At the shortage price, that's a price tag of $93,522 for Byrne's setup.

Still, these costs could exist get-go by the performance'southward mining capability. Ane GeForce RTX 3080 graphic card has a hash charge per unit of around 83MH/s using Ethash, which should generate roughly 0.22236870 ETH per month, according to Garreffa. All 78 cards would therefore generate 17.three ETH per month, which is equivalent to around $12,352 at today's prices.

Stripping abroad the electricity costs, that's roughly $10,200 per month or $122,000 per yr. And that's not factoring in Ethereum'south price potential during the next bull market.

Ether'southward toll zipped past $700 over the weekend, the first such motility since mid-2018. The return of altseason, as some have predicted, could send ETH's toll even higher over the medium term as investors cycle from Bitcoin to other large-cap cryptocurrencies.