Home Web graphics China’s used GPU market is flooded with RTX 3060 to RTX 3080 under MSRP

China’s used GPU market is flooded with RTX 3060 to RTX 3080 under MSRP

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Germany isn’t the only place where prices for the best graphics cards are dropping, as China’s crackdown on cryptocurrencies has flooded the used GPU market. This not only helps the return of the MSRP after a long out-of-stock, however, because HKEPC reports that the large quantity of cards appearing on second-hand retailers has resulted in an even lower drop than their recommended list price.

Older cryptominers sell everything from the latest RTX 3090 to the older AMD Radeon RX 400 and Nvidia GeForce GTX 10 series GPUs, but the problem is, they’re mostly listed in bulk. This means that if you’re not lucky enough to find an elusive individual graphics card to sell, you’ll only be able to get your hands on a new GPU if you’re willing to pay the price for hundreds at a time, putting a brake on this potential business even if you live in China.

One seller lists 100 Nvidia RTX 3070s priced at 2,600 RMB, which is equivalent to US $ 400 and lower than Nvidia’s MSRP of $ 499 set in September of last year. Meanwhile, other vendors are offering RTX 3060 and RTX 3060 Ti cards in bundles of 200, with prices of RMB 1,900 ($ 292) and RMB 2,400 ($ 369 respectively).

The first thing to consider when buying on the second-hand market, however, is that it’s incredibly hard to tell how much stress these graphics cards have gone through, and as mining GPUs it could be a bit. Remember that there is usually no warranty when you buy from resellers.

And the second is that we can’t verify these lists and there is a parcel scammers looking to make a quick buck due to a shortage of graphics cards. Be careful where you buy and always do due diligence with the seller to make sure they are trustworthy.

While these GPUs don’t necessarily mean cheaper graphics cards for everyone law far, thinner price tags all over the world are a good sign of things to come. Card prices in the United States are starting to lower slightly, and there are other clues that the problems could be largely behind us now as well.

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