Because graphics cards are the most profitable component for mining cryptocurrencies, miners have been getting hold of the latest GPUs. With China's recent crackdown on Bitcoin and Ethereum crypto mining, miners are mass-selling their used hardware to finish liquidating their assets and GPUs are already being sold at affordable prices.
With this, graphics cards, at least in China, begin to have prices more in line with the normal ones for sale to the public. Needless to say, these GPUs have been running at full capacity for several months, so they don't guarantee the best performance or reliability you'll actually get from buying them new.
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Many cards are no longer being used for mining
The massive sale of graphics cards has yet to hit Western markets. But given the scale of China's crypto mining operations, we should at least see a knock-on effect in the coming months that would increase the availability of new stocks for players and professionals.
The best graphics cards currently on the market have been nearly impossible to obtain thanks to the component shortage which prevents the available stock from meeting the high demand, and the recent boom in cryptocurrencies. GPUs became very lucrative as part of mining operations, and have sparked an enmity between gamers wanting to upgrade their PCs and miners vying for the limited stock of GPUs.
Resellers began using bots to clear available stock and inflate prices by almost three times their recommended price for some of the most coveted cards, such as the GeForce RTX 3080. Thanks to China implementing stricter regulations for cryptocurrencies, miners sell your GPUs in second-hand markets. The growing stock brings prices closer to the official sale to the public. GeForce RTX 3060 cards have appeared, for about $ 336. According to The Block, it appears that the competition is so high that miners are competing for the lowest prices, some $ 270.
Source: TechRadar
