After the collapse of the cryptocurrency, more and more people in China are auctioning GPU mining cards in live broadcasts – Computer Wang Ada

Whether it is in the United States or Europe, the prices of graphics cards have fluctuated greatly recently, especially second-hand graphics cards. There has even been a spectacle in China recently. GPU graphics cards, which were very difficult to obtain last year, are now appearing in large numbers in major live auctions, and they are dozens of hundreds of cards, which are the same as bidding on the street.

More and more people in China auction GPU mining cards in live broadcast

The recent decline of cryptocurrencies has become more and more fierce, and it is unknown when the decline will stop. Therefore, more and more Internet cafe owners and miners in China are now stopping losses, selling a large number of second-hand mining cards, and using live auctions.

The graphics cards were all sprinkled on the table for auction, and they became very cheap. It felt like no money. How could it be possible to see this scene in the first two years:

According to the sharing of foreign user Hassan Mujtaba, the price of NVIDIA RTX 3060 Ti is about $300 to $350, although it is cheaper than the suggested price of $399, but I think it is still a bit high, after all, it is a mining card, there is no way to know it What kind of madness has been experienced before, and it is really worth it to wait for at least 35% cheaper:

There are still people selling on the ground…. If the cryptocurrency continues to fall like this, I guess this kind of graphics card auction can be seen in the night market in the future:

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China Auction Network can also find a large number of second-hand graphics cards, but it can be seen that some miners do not want to lose too much, and they are still selling at a very expensive price, which is similar to the original price:

If you don’t buy a graphics card for mining, then we don’t recommend buying this kind of mining card, because the risk is too great, plus many new AMD and NVIDIA graphics cards have slowly returned to their original prices, there is no need to save this small money .

Ethereum is expected to switch to Proof of Stake (PoS) in the third or fourth quarter of this year, ending the previous Proof of Work (PoW), which means that it will no longer rely heavily on GPUs for mining in the future, which is why the price of graphics cards has dropped so much recently. One of the reasons it’s fast.

According to the latest 2021~2022 GPU price trend analysis chart shared by 3DCenter, the price of Radeon RX 6000 series graphics cards in Europe is now lower than MSRP, which is the first time it has been seen in the past two years. In addition, since late May, the price of NVIDIA RTX 30 series has also dropped by -4%. Now it is only 2% higher than MSRP. No surprise, it should drop to the original price in the next week or two:

The US eBay second-hand auction site is also very exciting. The RTX 3060 Ti fell by -19% in just two weeks, and nearly half of the rest of the RTX 30 series also fell by more than -10%:

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The AMD RX 6000 series is the most exaggerated RX 6950 XT, with a price drop of -21%, and most of them are also more than -10%, only the RX 6750 XT is a small increase:

This wave of decline can be said to be fast and urgent, especially for the miners who just joined the mining ranks last year, not only the graphics card is expensive to buy, but the value of cryptocurrencies such as ether and bitcoin has also shrunk greatly. I guess no one is making money. That’s right.