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Cryptocurrency mining has exploded on the computer scene, causing a shortage of graphics cards and spurring the operations of groups of hoarders and sellers. In Asia, specifically China, the fever of this activity has led to the continued consumption of GPUs, and although the market is still not returning to normal, there seem to be signs of change on the horizon.
Some used GPUs start selling in the Chinese market at low cost
According to a report by GameRantIn recent weeks, publications have been found in which they offer high-end GPUs from Nvidia and AMD at a low price, and this is in the Chinese market, of course not as expected in normal market conditions, but at a more affordable cost than in resale. In this regard, the information indicates that it was the groups of cryptocurrency miners in China who offered a lot for sale with GPUs that are no longer part of the installation, although at the moment the sale is limited to private channels.
The report also cites a deal in which the Nvidia RTX 3070 GPU sold for hundreds of dollars, when the last resale price came to $3,120, although it’s worth noting that it’s probably from a piece of hardware already in use and that for one reason or another it’s not a part. from mining activity.
High-end GPUs are still a rare commodity
From a business perspective, it is well known that it is very important to upgrade equipment and get rid of obsolete parts, so it is believed that Chinese crypto-mining investors are starting to replace their hardware, opening up the opportunity to get a high-quality GPU at a low cost, we repeat, according to For the price handled in the pre-sale and not the price suggested by Nvidia or AMD.
On the other hand, the implementation of measures by the Government of China in relation to cryptocurrency mining is cited as one of the reasons for presenting the scenario of selling used equipment, especially because the authorities have focused on the arrival of GPUs via smuggling. In the same way, it is believed that this could be a sign that cryptocurrency mining could enter a relaxation phase that would allow the market to stabilize, reducing hoarding and reselling.
Stay informed, level up.
Fountain