{"id":20775,"date":"2022-06-23T19:56:08","date_gmt":"2022-06-23T19:56:08","guid":{"rendered":"https:\/\/egrowonline.com\/?p=20775"},"modified":"2022-06-23T19:56:08","modified_gmt":"2022-06-23T19:56:08","slug":"cryptocurrency-miners-are-selling-off-gpus-for-cheaper","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20775","title":{"rendered":"Cryptocurrency Miners Are Selling Off GPUs For Cheaper"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<figure class=\"sc-1eow4w5-1 eLNveM align--bleed js_lazy-image js_marquee-assetfigure\" data-id=\"0cb4a4cb37335f7feb73c39b4f46491d\" data-recommend-id=\"image:\/\/0cb4a4cb37335f7feb73c39b4f46491d\" data-format=\"jpg\" data-width=\"1920\" data-height=\"1080\" data-lightbox=\"true\" data-alt=\"A photo of a graphics card.\" data-recommended=\"false\" data-hide=\"false\">\n<div class=\"sc-1eow4w5-2 loxZOX has-data img-wrapper\" style=\"max-width:1920px\" data-alt=\"A photo of a graphics card.\" data-link-reference=\"\" data-link-target=\"\" data-syndicationrights=\"true\" data-imagerights=\"getty\" data-hidecredit=\"false\"><span class=\"sc-1eow4w5-0 dnhHtZ js_lightbox-wrapper\"><\/p>\n<div style=\"padding-bottom:56.3%\" class=\"sc-1eow4w5-3 lktKQM image-hydration-wrapper\">\n<div><img alt=\"A photo of a graphics card.\" srcset=\"https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fill,f_auto,fl_progressive,g_center,h_80,pg_1,q_80,w_80\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 80w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_140\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 140w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_265\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 265w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_340\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 340w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_490\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 490w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_645\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 645w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_740\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 740w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_965\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 965w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_1165\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 1165w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_1315\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 1315w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_1465\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 1465w, https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fit,f_auto,g_center,pg_1,q_60,w_1600\/0cb4a4cb37335f7feb73c39b4f46491d.jpg 1600w\" data-chomp-id=\"0cb4a4cb37335f7feb73c39b4f46491d\" data-format=\"jpg\" data-alt=\"A photo of a graphics card.\" data-anim-src=\"\" \/><\/div>\n<\/div>\n<p><\/span><\/p>\n<p><figcaption class=\"sc-7s1ndr-0 ikKPtM no-caption\">Photo<!-- -->: <!-- -->Joby Sessions \/ PC Gamer Magazine\/ Future<!-- --> (<!-- -->Getty Images<!-- -->)<\/figcaption><\/p>\n<\/div>\n<p><span data-id=\"0cb4a4cb37335f7feb73c39b4f46491d\" data-recommend-id=\"image:\/\/0cb4a4cb37335f7feb73c39b4f46491d\" data-format=\"jpg\" data-width=\"1920\" data-height=\"1080\" data-lightbox=\"true\" data-alt=\"A photo of a graphics card.\" data-recommended=\"false\" data-hide=\"false\" class=\"js_recommend\" \/><\/figure>\n<p class=\"sc-77igqf-0 bOfvBY\">The crypto market is continuing to fall, which has led a ton of miners to exit the market or to downscale their operations, thus finding themselves in possession of valuable computer components that they now no longer need. Some such miners, many from China and South Asia (where electricity is cheaper), are now taking that hardware and dumping it on e-commerce websites. As a result, GPUs that usually go for $500 to $600 are selling for around <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https:\/\/www.tomshardware.com\/news\/crypt-miners-start-dumping-gpus&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/www.tomshardware.com\/news\/crypt-miners-start-dumping-gpus\" rel=\"noopener noreferrer\">half that price<\/a><\/span> on the secondhand market. <\/p>\n<p class=\"sc-77igqf-0 bOfvBY\">As noted by <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https:\/\/www.pcgamer.com\/miners-are-dumping-gpus-via-livestreamed-auctions\/&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/www.pcgamer.com\/miners-are-dumping-gpus-via-livestreamed-auctions\/\" rel=\"noopener noreferrer\"><em>PC Gamer<\/em><\/a><\/span>, GPUs are suddenly flooding the market, a trend likely driven by several factors. The major one is how cryptocurrency prices have been <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https:\/\/kotaku.com\/nvidia-rtx-pc-gpu-prices-lower-crypto-bitcoin-dogecoin-1848419792&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/kotaku.com\/nvidia-rtx-pc-gpu-prices-lower-crypto-bitcoin-dogecoin-1848419792\" rel=\"noopener\">plummeting since this winter<\/a><\/span>. Now that it seems like the market <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https:\/\/kotaku.com\/pc-gaming-gpu-crypto-amd-nvidia-intel-chip-shortage-1848943068&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/kotaku.com\/pc-gaming-gpu-crypto-amd-nvidia-intel-chip-shortage-1848943068\" rel=\"noopener\">won\u2019t make a turnaround anytime soon<\/a><\/span>, miners are jumping ship. And these aren\u2019t pristine, out-of-the-box GeForce RTX 3060s that they\u2019re selling. These graphics cards have been used to mine crypto, which uses tons of electricity. Buyers have found that these RTX 3060s were cheap for a reason\u2014many of them are <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https:\/\/wccftech.com\/beware-several-used-nvidia-geforce-rtx-30-graphics-cards-with-defective-memory-modules-being-sold-after-being-abused-in-crypto-mining\/?beta=1&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/wccftech.com\/beware-several-used-nvidia-geforce-rtx-30-graphics-cards-with-defective-memory-modules-being-sold-after-being-abused-in-crypto-mining\/?beta=1\" rel=\"noopener noreferrer\">defective after prolonged use<\/a><\/span>. So the common wisdom seems to be that you shouldn\u2019t be <em>too <\/em>eager to score some used GPUs from an unknown buyer.<\/p>\n<p class=\"sc-77igqf-0 bOfvBY\">However, there\u2019s been some contention in the tech community about how degraded these graphics cards really are. <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https:\/\/www.pcworld.com\/article\/395149\/should-you-buy-a-used-mining-gpu.html&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/www.pcworld.com\/article\/395149\/should-you-buy-a-used-mining-gpu.html\" rel=\"noopener noreferrer\"><em>PC World<\/em><\/a><\/span> claims that buying a used graphics card from an experienced miner beats buying one from a gamer (who tends to \u201coverclock\u201d their GPUs). Tech YouTuber Linus Sebastian <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;External link&quot;,&quot;https:\/\/www.youtube.com\/watch?v=hKqVvXTanzI&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/www.youtube.com\/watch?v=hKqVvXTanzI\" rel=\"noopener noreferrer\">tested some mining GPUs on camera<\/a><\/span> and found that the used graphics cards can still perform well\u2014if they were carefully maintained by their previous owner. So if you must buy a GPU from a miner who wasted a ton of electricity on speculative currency, then you should at least find a reputable seller. <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https:\/\/kotaku.com\/youtube-twitch-streamer-ice-poseidon-stole-money-crypto-1848463229&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/kotaku.com\/youtube-twitch-streamer-ice-poseidon-stole-money-crypto-1848463229\" rel=\"noopener\">Good luck with that, by the way<\/a><\/span>. <\/p>\n<p class=\"sc-77igqf-0 bOfvBY\">If you ask me, I think it\u2019s funnier to let miners languish with a bunch of expensive graphics cards that they can\u2019t even get rid of. It is annoying, though, that Nvidia benefited hugely from the crypto boom, so much so, in fact, that the company got <span><a target=\"_blank\" class=\"sc-1out364-0 hMndXN sc-145m8ut-0 eRdxJX js_link\" data-ga=\"[[&quot;Embedded Url&quot;,&quot;Internal link&quot;,&quot;https:\/\/kotaku.com\/nvidia-gpu-graphics-card-crypto-cryptocurrency-sec-fine-1848891914&quot;,{&quot;metric25&quot;:1}]]\" href=\"https:\/\/kotaku.com\/nvidia-gpu-graphics-card-crypto-cryptocurrency-sec-fine-1848891914\" rel=\"noopener\">hit by a federal fine<\/a><\/span> for trying to hide how crypto boosted its profits. Hey, at least this crypto nightmare is finally over *knocks on wood* and we\u2019ll all no doubt be seeing far more reasonable graphics card prices very, very soon. <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/kotaku.com\/gpu-nvidia-crypto-miners-geforce-rtx-3060-used-flood-ma-1849101183\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Photo: Joby Sessions \/ PC Gamer Magazine\/ Future (Getty Images) The crypto market is continuing to fall, which has led a ton of miners to exit the market or to downscale their operations, thus finding themselves in possession of valuable computer components that they now no longer need. Some such miners, many from China and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[9232,52,2471,521,2185],"class_list":["post-20775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cheaper","tag-cryptocurrency","tag-gpus","tag-miners","tag-selling"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/0cb4a4cb37335f7feb73c39b4f46491d.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20775"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20775\/revisions"}],"predecessor-version":[{"id":20777,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20775\/revisions\/20777"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20776"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20775"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}