Leveraged XRP Bets Worth $40M Liquidated, Threatening Sub-$1 Fall
Nearly $40M in leveraged long XRP positions were liquidated, pushing the price to $1.09 and threatening a move below $1.
Arthur Hayes says gaming GPUs can mine crypto via Flop Labs. A test on an RTX 5080 worked, but no real earnings yet.
Your gaming computer might soon have an extra income stream, according to Arthur Hayes. He suggests graphics cards already in gamers' homes could serve as computing power for artificial intelligence tasks while not in use.
Hayes, co-founder of BitMEX, launched Flop Labs with the aim of converting idle processing capacity into earnings. A developer has now demonstrated the concept working on a standard gaming PC.
A demonstration of FLOP mining on an Nvidia RTX 5080 was shared by Hayes on November 8.
The developer said 12 AI processing tasks were finished without errors and released a free setup guide for Windows.
According to the test, gamers might be able to take part without needing to rent costly data-center equipment.
You don't need to rent crazy high spec GPUs to mine FLOP. Check this out … https://t.co/5Xk2NI2nLy
— Arthur Hayes (@CryptoHayes) November 8, 2026
the concept is straightforward.
High-performance chips are needed by AI systems to respond to queries and carry out operations. FLOP aims to link that need with individuals who own graphics cards.
A gamer could allow the FLOP network to utilise their GPU for processing AI requests instead of letting the PC sit idle. In exchange, the network intends to give out FLOP tokens as mining rewards and payment for tasks done.
The test setup consumes about 13GB of the RTX 5080's 16GB video memory. FLOP's official requirements currently demand a minimum of 16GB, so many lower-cost gaming cards may not be eligible.
the successful test has one major drawback.
At this stage, FLOP mining yields nothing of real monetary value. The network is still in development, and tokens created during testing cannot be exchanged for cash.
Hayes has stated that taking part now does not count toward an airdrop. A planned 90-day testnet will decide future token distributions, while actual mining earnings are anticipated after the mainnet goes live.
Even then, profits will rely on demand for AI services, electricity expenses and the token's market price.
Latest $ FLOP tokenomics on one page based on community feedback. No VC allocation, no presale, every token is earned. pic.twitter.com/jl9x1uX3pP
— Flop Labs (@flop_labs) September 10, 2026
For the time being, the trial shows that consumer-grade equipment can take part. Whether gaming PCs can become profitable cryptocurrency miners is still an open question.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Nearly $40M in leveraged long XRP positions were liquidated, pushing the price to $1.09 and threatening a move below $1.
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