Various media outlets record the global sale of video cards by miners in China. Some are in such a hurry to get rid of the equipment that they do not even disassemble the farms – they sell them entirely.
The enthusiasm of miners in China has greatly diminished after the country’s authorities made the mining of cryptocurrency illegal. And now the creators of Ethereum are preparing for the implementation of London – the next network upgrade, the essence of which boils down to the transition from Proof-of-Work consensus to Proof-of-Stake: miners and the computing power they generate will no longer be needed to maintain the network. Consequently, after the introduction of London, scheduled for August 4, most of the crypto-mining equipment is at risk of being unclaimed, so miners are in a hurry to get rid of the video cards right now. And naturally, this situation is accompanied by a strong decline in prices.
Large trading platforms in the Middle Kingdom – Taobao, Bangood, Alibaba and Aliexpress – are inundated with used video cards. For example, the GeForce RTX 3060 can be purchased now for $ 270. At the same time, many laptops with GeForce RTX 3060 went on sale – the same ones that miners bought in hundreds at the beginning of the year, when there were simply no “live” video cards in stores. These laptops are now priced at around $ 1,000 apiece, but prices are likely to drop further. The rest of the Ampere line also dropped significantly in price: if at the peak of demand for the GeForce RTX 3060 Ti they asked for about $ 1,300, now such a video card in China can actually be purchased for the equivalent of $ 370. The GeForce RTX 3070, which has risen in price to $ 1400-1500, can now be bought for $ 500. Of course, all these video cards have done a lot of work for the miners, but some of them are clearly not even half a year old, and under normal temperature conditions, even when working 24/7, they can turn out to be a hassle-free and rather profitable purchase.
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