Thousands of second-hand GPUs flood the Chinese second-hand market

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in China’s war on cryptocurrency mining, Mining companies are moving their operations abroad. Some less fortunate people are quickly selling their mining hardware to reduce losses. Therefore, China’s second-hand market has recently seen a surplus of second-hand AMD and Nvidia graphics cards.As the cryptocurrency boom fades, we can see similar trends appearing in the United States, which means you may be able to catch one of them soon The best GPU.
According to Hong Kong media reports Hong Kong Environmental Protection Agency, Nvidia’s GeForce RTX 30 series (Ampere) and AMD’s Radeon RX 6000 (Big Navi) graphics cards are not the only models available online. Merchants have also got rid of the SKU that dates back to the Pascal or Polaris era. They are not a sale that pays for what you pay for. We are talking about a minimum order of 100 units.
For example, 100 units of GeForce RTX 3070 Each is priced at US$400, and GeForce RTX 3060 with GeForce RTX 3060 Ti The starting price is 200 pieces, each priced at 293 US dollars and 370 US dollars. In an era of global semiconductor shortages, these types of prices seem to be staggering. However, please keep in mind that these graphics cards are used to mine cryptocurrencies and may shorten their lifespan.
In a recent survey, Block I found that despite the low price, the used graphics cards are not sold like hot cakes. A specific GeForce RTX 3060 seller’s price is as low as $270 per graphics card. Another merchant offers gaming laptops equipped with GeForce RTX 3060 at a price of about $1,000 each.
Surprisingly, the mining operations of some minor alliances have now successfully entered the sight of the Chinese government. According to reports, some farms in Sichuan are supplying electricity to hydroelectric power plants in the province. According to reports, the owners provided their facilities at a price of US$0.057 per kWh. One supplier even claimed that the farm was hidden in one of the hydroelectric power plants.
Chinese graphics card prices have dropped Up to 45%, And the latest Data for Germany and Austria Shows a similar downward trend. We have not seen the same behavior in the US retail market.Although our eBay GPU Pricing Index It has been shown that the price has dropped by 15%, and the graphics card is still overpriced. We can only hope that GPU pricing becomes more reasonable over time.
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