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Guru3D.com » News » China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro

China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro

by Hilbert Hagedoorn on: 07/09/2021 09:16 AM | source: tomshardware | 68 comment(s)
China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro

In China, miners are shutting down and shifting their activities with crypto-monetary mining. The local market is now saturated with AMD and Nvidia second-hand graphics cards. 

There are also numbers not tiny, although occasionally the minimum purchase size is 100 units. For example, the RTX 3070, for over € 330, is sold in these numbers, while the cost of 3060 and 3060 Ti correspondingly is € 245 and 310. Although at the first sight these prices seem favorable, these video cards have been extensively utilized for lengthy periods of time for crypto-mining, which presumably has substantially reduced their life expectancy.



China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro




« MSI launches its GeForce RTX 3080 VENTUS 3X 10G OC LHR · China takes action against cryptocurrency mining, cryptominators ditch Radeon and RTX cards for 300 Euro · A lake in upstate New York heats up due to bitcoin mining »

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fantaskarsef
Senior Member



Posts: 12980
Joined: 2014-07-21

#5927838 Posted on: 07/09/2021 10:17 AM
I hope they choke on their old cards. 300 is too much for what they did to the gamers.
Also, the cards are used, and that for practically more hours than they would ever run in a gamer's PC, they aren't even worth that imho.

Mineria
Senior Member



Posts: 5335
Joined: 2007-05-05

#5927841 Posted on: 07/09/2021 10:28 AM
I saw in another forum those are fake listings. It is a bunch of users flooding the market with fake ads to killoff the second hand prices as all of the prices are under RRP/MSRP.

Yes, people do get together to fight scalpers.

But technically, those GPUs are not really available yet.

Buy new fresh box GPU if you need a warranty. If you have a throw away PC, then you can consider used miner GPUs.
Might be or might not be, fact is that China started a crackdown and the US has taken it on their board as well.
Illegal activities and tax evasion are motivation enough to do something about it.

Anyway, who will even buy a used cards from China, let alone a card been used in a 24/7 stress test....

easytomy
Member



Posts: 53
Joined: 2017-05-08

#5927843 Posted on: 07/09/2021 10:34 AM
Wahahahaha... that pornstar analogy was epic! Good one, m8!

The1
Senior Member



Posts: 163
Joined: 2008-03-09

#5927844 Posted on: 07/09/2021 10:38 AM
Not a chance! Scalpers are going to be buying them by the hundreds for 300 and dump them as a Great Deal for 600..Still 100% profit. Not going to support scalping, no how, no way. May they choke on them! :mad: :)

CrazY_Milojko
Senior Member



Posts: 2532
Joined: 2013-02-26

#5927849 Posted on: 07/09/2021 10:43 AM
It's like finally getting a girlfriend but in reality she has been a porn star for 1000 years......

Not sure if that's a good analogy lol.

Ahahaha, you're crazy dude

At least she has experience on her side, just sit down and relax, she'll know what to do :D

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