Cryptocurrency miners in China are beginning to sell off GPUs for cheap | PC Gamer - hebronventis
Cryptocurrency miners in Mainland China are beginning to sell off GPUs for tacky
Could the cryptocurrency boom be starting to ease off in People's Republic of China? Sales of nontextual matter cards from minelaying groups seems to advise it may well be. Not to speak too soon, merely Amoy PC builders spotted heaps of GPUs up for grabs in China, cards likely once used to mine cryptocurrencies but seemingly no longer worth the hassle.
According to a screenshot from a mining group posted to PTT, a popular Min dialect bulletin board, miners in China are selling off a large number of Nvidia and AMD GPUs (via HKEPC). These include the in style 30-series or 6000-series, but also else older GPU generations, so much A AMD's cheap and cheerful Polaris generation.
Card prices aren't massively inflated, either. HKEPC reports that an RTX 3070, sold in there hundreds and thus possibly cheaper for it, volition cost roughly $3,120 HKD (Hong Kong Dollar) each. That's a little over $400 US.
Since these cards are existence oversubscribed in bulk, it may be that the sellers are hoping cryptocurrency miners elsewhere will take them abreast the offer. Regardless, gamers leave believable want to point clear.
The fact these graphics cards deliver been victimised to mine crypto should comes atomic number 3 a red flag for would be purchasers: you probably don't desire a artwork card that's been connected 24 hours a solar day, heptad days a week, and at high gear temperatures for your incoming gaming PC.
The mere fact these cards are being put along sale could be indicative of a large slide in cryptocurrency profitability, surgery viability, in China. The nation currently has the populace's highest haschisc plac, meaning information technology mines more crypto than anyone else, but Holocene epoch crackdowns on mining by both China's financial and local authorities may have some looking to go on or equal elsewhere.
There are few other signs of a potential turning of the tides for GPU mining, all but of all in Mainland China: GPU prices are descending, ASRock says demand is easing, and Ethereum is traveling to proof-of-stake which may too quicken the full-page process. Then there's Nvidia's haschisc rate clipper, true to live of more concern to miners if profitability swings down further than it already has this year.
We nates't say for sure what's going to fall out, though. This could be a small blip, a temporary lull for nowadays's biggest cryptos. Flatbottom Ethereum Beaver State Bitcoin's 'low' value today is furthermost in excess of what it was just in January of this year.
Basically this sure as shooting International Relations and Security Network't the end of cryptocurrency, and we're definitely non out of the woods hitherto.
Jacob earned his initial byline writing for his ain tech blog from his hometown in Wales in 2017. From there, he graduated to professionally breaking things at PCGamesN, where He would later win command of the kit cupboard as hardware editor program. Nowadays, as senior hardware editor in chief at PC Gamer, he spends his days reporting on the latest developments in the technology and gaming industry. When he's not writing about GPUs and CPUs, you'll find him trying to bewilder as far away from the modern world as possible by wild camping.
Source: https://www.pcgamer.com/cryptocurrency-miners-in-china-are-beginning-to-sell-off-gpus-for-cheap/
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