Chinese miners are offering off graphics cards

CHINA – Cryptocurrency miners are dumping GPUs on a variety of websites specializing in 2nd-hand exchanges and exchanges.

According to The Block, about one.five months soon after China’s Bitcoin mining ban, there have been extra and extra posts for sale of graphics cards on Xianyu, which is owned by Alibaba and is 1 of the greatest on the web marketplaces. China is for applied goods.

Although the ban exclusively targets Bitcoin, the cryptocurrency mining sector in common is nevertheless severely impacted when authorities in some areas in China need electrical power plants to lower off the provide to mining farms. variety.

Although the sellers on Xianyu did not say what they applied the graphics card for, the arrangement of the GPU shelves displays their crypto mining action. One man or woman supplied to promote a batch of RTX 3060 GPUs for about two,200 – two,899 yuan (VND seven.eight – ten million), but then continued to drop to one,760 yuan (VND six.two million). Normally, the value of the RTX thirty series is about sixteen million VND.

Another man or woman liquidated shelves filled with 3060 GPU integrated gaming laptops for six,850 yuan (VND 24 million) each and every. However, numerous men and women commented that they only regarded acquiring at half the value, which is only about twelve million VND.

Another proprietor posted an ad for a batch of RTX thirty GPUs with 50% off the authentic value, but the purchaser had to select it up in man or woman at a electrical power station along the Yarlung Tsangpo River.

Last week, the PCGamer web-site also reported that the cryptocurrency craze was on a powerful downward trend in China when a series of GPUs had been offered off on PTT, a well known electronic industry in Taiwan. The value supplied is pretty low-cost, as an RTX 3070 graphics card expenses significantly less than $ 400 (VND 9 million).

The over condition is in contrast to the starting of this 12 months, when the cryptocurrency fever triggered graphics cards to consistently “sold out”, the sum of GPUs imported to Vietnam was not sufficient for the desires of the domestic industry. Many lines this kind of as Nvidia GeForce RTX thirty or AMD RX5700/6800/6900, twelve-24 GB memory capability, value from twenty to 50 million VND but are generally in a state of no longer for sale.

Before that, in 2017, the shortage of graphics cards also occurred when Bitcoin rose in value to virtually $twenty,000. However, not lengthy soon after, this coin dropped to extra than $three,000, triggering Bitcoin miners to give up and the new graphics card industry stabilized.

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