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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.
CrazY_Milojko
Senior Member
Posts: 2532
Joined: 2013-02-26
Senior Member
Posts: 2532
Joined: 2013-02-26
#5927855 Posted on: 07/09/2021 10:56 AM
Either that porn star is already wasted/broken when one marrys her or she's still in a good shape and gonna last in relaxed 1-on-1 "battle" for years to come. Experience is what one is gonna get, huge plus in my book, don't underestimate experience
On a serious note if story above is true for 100+ quantities of those cards I'm expecting prices should be even lower.
Yeah and what if she break from all that usage?
Either that porn star is already wasted/broken when one marrys her or she's still in a good shape and gonna last in relaxed 1-on-1 "battle" for years to come. Experience is what one is gonna get, huge plus in my book, don't underestimate experience
On a serious note if story above is true for 100+ quantities of those cards I'm expecting prices should be even lower.
Silva
Senior Member
Posts: 1747
Joined: 2013-06-04
Senior Member
Posts: 1747
Joined: 2013-06-04
#5927863 Posted on: 07/09/2021 11:26 AM
I can't emphasise this enough: miners depend on stupid people to buy the cards from them to get money back. If no one buys the cards for more than residual price (I wouldn't spend more than 100€ for a used 3070 at this point), that limits their business and they are left with the stock of cards they bough and without funds to buy the RTX 4000 or 5000 or whatever is on the market at the next Ponzi scheme.
Plus: all the cards have been used 24/7 and have at least 4 to 5 times normal usage on them reducing life expectancy. Are you paying 300€ for a 3060 to burn out after a couple months? Nah, don't be stupid!
Some cards may be repairable, and that's why I'd be willing to risk 100€ for a working 3070: if it fails, I'll try my luck with repair.
I can't emphasise this enough: miners depend on stupid people to buy the cards from them to get money back. If no one buys the cards for more than residual price (I wouldn't spend more than 100€ for a used 3070 at this point), that limits their business and they are left with the stock of cards they bough and without funds to buy the RTX 4000 or 5000 or whatever is on the market at the next Ponzi scheme.
Plus: all the cards have been used 24/7 and have at least 4 to 5 times normal usage on them reducing life expectancy. Are you paying 300€ for a 3060 to burn out after a couple months? Nah, don't be stupid!
Some cards may be repairable, and that's why I'd be willing to risk 100€ for a working 3070: if it fails, I'll try my luck with repair.
Moto_Life
Member
Posts: 97
Joined: 2017-09-18
Member
Posts: 97
Joined: 2017-09-18
#5927864 Posted on: 07/09/2021 11:36 AM
To hell with their cards. I hope they choke on them
To hell with their cards. I hope they choke on them
XP-200
Senior Member
Posts: 5821
Joined: 2003-04-05
Senior Member
Posts: 5821
Joined: 2003-04-05
#5927870 Posted on: 07/09/2021 12:04 PM
I still have a year left out of my extended 5 year warrenty for my Zotac 1080 mini, so i still have some time to see how the video card market goes, but these days i won't touch the second hand card market anymore.
I still have a year left out of my extended 5 year warrenty for my Zotac 1080 mini, so i still have some time to see how the video card market goes, but these days i won't touch the second hand card market anymore.
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Senior Member
Posts: 18466
Joined: 2008-08-28
Ahahaha, you're crazy dude
At least she has experience on her side, just sit down and relax, she'll know what to do
Yeah and what if she break from all that usage?