GPUs are now flooding second-hand market in China

Posted on Friday, Jul 09 2021 @ 13:58 CEST by Thomas De Maesschalck
Following China's crackdown on cryptocurrency mining, there have been a number of positive changes for gamers. There seems to be more inventory in stores and prices have come down from recent fights. VideoCardz reports the second-hand market in China is now also seeing an influx of cards that were used for mining.

For example, large batches of NVIDIA GeForce RTX 3060 video cards are sold for the equivalent of $336 to $450, with pricing dropping as low as $270 as potential buyers offered much less. Furthermore, there are also a lot of listings of gaming laptops that were used to mine coin.
Last month’s China’s crackdown on bitcoin has forced many mining farms to relocate from the Sichuan region where the ban was imposed or, if that was not possible, to quickly sell their equipment. GPU prices are in decline for at least two months, which means the sooner they sell those cards the more money they save.
Whether it's a good idea to buy such a video card for gaming is unknown. Most of these cards will have operated 24/7 near peak mining operation, with overclocked memory and fans spinning at maximum. Temperature fluctuations on the other hand will have been minimal, which is beneficial versus typical home workloads, but it's still a bit of a gamble to buy one of these cards.

Crypto miners selling second hand cards

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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