According to new findings from Taiwanese PC assemblers, piles of old graphics cards are being dumped on the market by Chinese technology dealers.
According to screenshots from a group of cryptocurrency miners, many are looking to sell off a large amount of Nvidia and AMD GPUs.
The price of these graphics cards is also not too high.
For comparison, the RTX 3070 price starts at 499 USD but on the market you cannot even own it even if you accept to spend half or even double the amount.
Since these devices are being sold in large quantities, it is possible that the seller is hoping that cryptocurrency miners elsewhere will buy them in batches for continued use.
The mere fact revealed through these graphics cards is that they could be indicative of a larger decline in the profitability or viability of cryptocurrencies in China.
And the accompanying consequence of this wave of selling is that GPU prices are falling globally.
ASRock said this situation has caused graphics card prices to decline.
However, we cannot say for sure what will happen.
Refer to PC Gamer