Cryptominers are dumping tons of GPUs, so you may even have the option of finally getting one

Cryptominers are dumping tons of GPUs, so you may even have the option of finally getting one ...

The crypto market is continuing to shrink, which has resulted in a ton of miners moving out of the market or downclimb their operations, thereby discovering themselves in possession of valuable computer components they now no longer need. Many 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 half the price on the secondhand market.

GPUs are rushing the market, a trend that may be prompted by several factors. The biggest factor is how cryptocurrency prices have decreased since this winter. Today, investors have discovered that these RTX 3060s were cheap for a reason and many of them were defective after long use. So, the common belief is that some people should not be too eager to obtain some of them.

PC World claims that buying a used graphics card from an experienced miner rather than buying one from a gamer (who is concerned about overclocking their GPUs). So, if you must buy a GPU from a miner who wasted a ton of electricity on speculative currency, then you should at least contact a trusted seller.

I think it''s less fun to let miners languish with a bunch of expensive graphics cards they cant even get rid of. However, Nvidia really benefitted greatly from the crypto boom, so much so, that the company was fined for trying to hide how crypto boosted its profits. At least this crypto nightmare is now over *knocks on wood* and will shortly see far more reasonable graphics card prices.