Thursday, July 8th 2021
Cryptocurrency Miners Selling RTX 3060 Cards For 270 USD in China
The Chinese government imposed harsh restrictions on cryptocurrency transactions last month which forced many mining farms to relocate or shut down and sell their equipment. This mass exodus has helped drive graphics card pricing downwards and according to recent reports, the price for RTX 3060 cards has hit a low of 270 USD (1760 yuan). These prices appear to be limited and only available for large purchases in China however as more farms are forced to sell we may see some cards listed for individual or international sale. Gaming laptops with RTX 3060 graphics cards that were purchased for mining farms are also entering the market for ~1000 USD. While the RTX 3060 cards currently represent the best value mining operations are selling a wide variety of NVIDIA and AMD graphics cards. These prices have been falling steadily over the last week so we wouldn't be surprised if they continue to drop.
Sources:
The Block, HKEPC
28 Comments on Cryptocurrency Miners Selling RTX 3060 Cards For 270 USD in China
In fact, they do NOT have any graphic cards for sale, and the picture is stolen from other miners.
They conduct this kind of behavior in an organized manner, and their secret code is dddd, in order to put a lot of fake graphics cards on the shelves to achieve the purpose of preventing the scalpers from trading normally.
Welp.
Don't touch them, let these greddy bastards burn in with all there E-waste. I hope they do, I will not feel sorry for them. In fact I would be laughing at them, if that was to actually happen.
My current RX 570 which I bought in 2018 September on the second hand market in my country, was an ex miner card and the previous owner didn't even try to deny it and was very open with it in general.
He bought the card in 2017 December 'I have his original purchase papers/warranty and such' so mined for a good half year on it or so and when I bought the card it still had almost 2 and half years warranty left on it.
The said card still works with no issues in my PC, fans are silent with a fixed 40-45% speed and temps never got out of hand either. 'I also have the card undervolted'
I did re paste and change thermal pads at the end of 2020 after it ran out of warranty just to feel safer and tbh nothing was in a bad shape when I took the card apart.
So ye under the right circumstances I don't mind buying miner/second hand cards, they aint worse than a gamer's card that was in a dirty case with no airflow and maybe even ran OCd for years. 'Cause many of those ppl can't be arsed to keep their system clean or do any kind of maintance'
Running at a consistent temperature, even if that temperature is high, is far less damaging to silicon then thermal cycling is. This is not new information, and the whole "ZoMg MiNiNg KiLlS cArDs!!!!" spiel has been proven wrong time and time again. The biggest cause of failure for GPUs is not silicon wear, its a broken solder joint under one of the chips. guess what causes those joints to break faster? Thermal cycling.
There's nothing wrong with using ex mining cards to game on. They'll likely be in far better shape then used cards from "gamers" at any rate.
Guess they didn't make enough coin to move lol
Last time, the dump happened once mining rewards were so low that there was no profit after electricity was accounted for. Even at high energy costs, my mining is about 400% profit per unit of electricity.