Collapse of crypto mining industry leads to auctioning off of thousands of graphics cards

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Used crypto GPU.... as appealing as a Ferrari with 194,000 miles.
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Throw them into lava.
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Atleast they're nicely stacked like flattened old cardboard boxes.
0blivious:

Used crypto GPU.... as appealing as a Ferrari with 194,000 miles.
Condition: "Slighty used for 24/7 in a 60C damp shed."
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Easy solution for the mainstream...don't buy any of them.
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Sorry had too.
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Crypto miners were laughing at PCMR an entire 2 years of pandemic when we needed our GPUs the most (for work & fun) Guess who's laughing right now... 🙂
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$15 billion of GPUs will not be easily sold. They will have to be quite cheap to move in such massive volumes. Perfect timing for Nvidia and AMD to see this as they introduce their new power hungry expensive cards in 3rd or 4th quarter.
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Moderator
cheapest 3080 is $530 on ebay. that is way too overpriced. (I cant believe i just said that 😀 )
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It doesn't matter for the miners. Most of them already made fortunes from these videocards, so selling them or throwing them into "lava" doesn't mean anything for them. Though, this dump of videocards might start a perfect storm for retail prices soon enough and maybe it will even affect the 4XXX series prices. I really, really hope that Nvidia will sell them with minimal profit. I want to see that greedy leather jacket man crying about his quarterly profits, next year.
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When the last crash happened, they barely could give them away and this time is way worse. I got 2 nitro RX 480s 4gb for $199 shipped on ebay in Feb 2019. Both still work perfectly today. Dude even emailed me the stock bios to flash back from the mining bios. This is hilarious and awesome. I need 7 cheap GPUs for rigs I got to finish. And yet there are idiots who still trying to ask $390 for a 1070ti. $300 for RX 580 8gbs. $230 is still too high for RTX 2060s.
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I'd pay 25€ for a 2060S or 50€ for a 2070S, no more.
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Intel missed their only chance to release and sell their gpus. 😀 We might just wait for next gen amd and nvidia gpus at this point unless you can get a really good deal.
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These are beautiful news.
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I will buy a 3080 if i will pay max. 200 Euro for them, else they cna keep them 😛lol
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Those greedy losers finally got their ass F****d 😀 😎