Fancy a used RTX 3070 at a low price?
They are currently available in China – but in a pack of 100!
The Chinese government had put an end to mining farms. The backgrounds. The Chinese market is being flooded with graphics cards from Bitcoin farms. Thousands of used models are currently being sold through the Xianyu online marketplace. The website “The Block” lists some examples of sales of the graphics cards used for mining. “Mining” describes the joint use of the computing power of a network.
The more computing capacity that is made available, the higher the yield. This computing power is generated by graphics cards. These are currently being sold in large numbers, around 100 copies. The Geforce RTX 3060 is priced at around 250 euros. A Geforce RTX 3070 is available for the equivalent of just under 337 euros.
Coming soon on the European market?
The offer seems cheap at first. If you want to import one of the card models mentioned above, you should note that the graphics cards were probably already in use for crypto mining. This means that the models were operated with a low voltage, but the video memory ran under constant load.
This could have led to permanent damage to the hardware. It is not yet clear whether the mining cards will find their way to Europe. According to the “Tom’s Hardware” platform, graphics card prices in Europe have recently fallen by 15 percent, but are still above the manufacturer’s recommended retail price.
The background to the flooding of the Chinese market with used graphics cards is the regulation of crypto mining by the Chinese government. In several provinces of the former empire, the mining of cryptocurrency was prohibited. Mining farms had to close. In some provinces such as Sichuan, the electricity was even turned off to put an end to the undesirable hustle and bustle.
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