Whether in the United States or Europe, the price of graphics cards has fluctuated significantly recently, especially second-hand graphics cards, which have fallen extremely fast. Of course, China is not to mention it, and it is definitely even worse. Recently, there has even been a strange phenomenon in China. GPU graphics cards that were very difficult to obtain last year are now appearing in large numbers in major live auctions, and there are dozens or hundreds of them, just like setting up a street stall to bid.
More and more people in China are auctioning GPU mining cards in live broadcasts
The recent decline of cryptocurrency has become more and more fierce, and we don’t know when it will stop. Therefore, more and more Internet cafe owners and miners in China are cutting their losses, selling second-hand mining cards in large quantities, and using live auctions.
The graphics cards were all dumped on the table for auction, and they became very cheap, as if they were free of charge. How could we have seen this scene two years ago:
According to foreign user Hassan Mujtaba, the price of NVIDIA RTX 3060 Ti is about US$300 to US$350. Although it is cheaper than the recommended selling price of US$399, I think it is still a bit high. After all, it is a mining card. There is no way to know what kind of crazy process it has gone through before. I really have to bet that it is at least 35% cheaper before it is worth it:
GPU flood is here.
Chinese miners and South Asian ecafes now dismantling their mining rigs and putting cards up for auction on livestreams.
3060 Ti's going for $300-$350 US … pic.twitter.com/kphmIt7vZw
— Hassan Mujtaba (@hms1193) June 21, 2022
There are still people selling them on the ground… If the cryptocurrency continues to fall like this, I guess this kind of graphics card auctions may be seen in night markets in the future:
You can also find a large number of second-hand graphics cards on the China Auction Network, but it can be seen that some miners do not want to lose too much, and they are still selling them at quite expensive prices, which are similar to the original prices:
If you are not buying a graphics card for mining, then we do not recommend buying this kind of mining card because the risk is too great. In addition, many new graphics cards from AMD and NVIDIA have slowly returned to their original prices, so there is no need to save this small amount of money.
Ethereum is expected to launch this yearSeason 3 or 4Switching to Proof of Stake (PoS) and ending the past Proof of Work (PoW) means that in the future there will no longer be a heavy reliance on GPUs for mining, which is one of the reasons why the price of graphics cards has fallen so fast recently.
according to 3DCenter The latest 2021~2022 GPU price trend analysis chart shared shows that the price of Radeon RX 6000 series graphics cards in Europe is now lower than MSRP. This is the first time we have seen it in the past two years. In addition, since late May, the price of the NVIDIA RTX 30 series has also dropped by -4%, and is now only 2% higher than the MSRP. Unsurprisingly, it should drop to the original price in the next week or two:
The US eBay second-hand auction website is also very exciting. The RTX 3060 Ti has dropped by -19% in just two weeks, and nearly half of the remaining RTX 30 series have dropped by more than -10%:
Among the AMD RX 6000 series, the RX 6950 XT is the most exaggerated, with a price drop of -21%, and most of them have a price drop of more than -10%. Only the RX 6750 XT has a small increase:
This wave of decline can be said to be fast and urgent, especially for miners who just joined the mining industry last year. Not only are graphics cards expensive to buy, but the value of cryptocurrencies such as Ethereum and Bitcoin has also shrunk. I guess no one is making money.
Source: KOCPC Chinese