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Thousands of Used GPUs Are Flooding China's Second-Hand Market


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Amidst China's war against cryptocurrency mining, mining outfits are moving their operations abroad. Some of the not-so-lucky ones are quickly selling off their mining hardware to cut their losses. As a result, China's second-hand market has recently seen a surplus of used AMD and Nvidia graphics cards. We could see a similar trend emerge in the U.S. as the crypto craze wanes, meaning you might soon be able to snag one of the Best GPUs. 

 

According to Hong Kong-based media HKEPC, Nvidia's GeForce RTX 30-series (Ampere) and AMD's Radeon RX 6000 (Big Navi) graphics cards weren't the only models being offered online. The merchants were also getting rid of SKUs that go all the way back to the Pascal or Polaris days. They weren't nickel-and-dime sales, either; we're talking about minimum orders of a 100 units

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4 hours ago, UltraMega said:

Probably just end up with miners in other countries... 

 

Do you guys think other countries like the US will eventually start cracking down on this? 

I think so. Ultimately you have two ways this will go.

 

1. Governments will force it to be formally regulated.

 

2. Governments just have it shut down.

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I think #1 is most likely. 


There was a push in the late 80's to get off of 'print' money and 'digitize' everything - but - it never took off then.  Then  you get the PayPal guys (before Musk even) who wanted to digitize money in their own way.  Now you've got blockchain tech being monopolized for 'currency' production instead of the mass scientific use it was previously afforded in broader form. 

 

I think the only real option for most governments, IMF, etc - is to move to digital currency.  The end game is the ability to do business much more seamlessly across all the ponds of the world. 


But, it's 2021.  Anything can happen.  You know, like the Pentagon recognizing UAP's as..... real unidentifiable entities

 

We turn back now, to your previously scheduled program......

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