Thursday, July 8th 2021

Cryptocurrency Miners Selling RTX 3060 Cards For 270 USD in China

The Chinese government imposed harsh restrictions on cryptocurrency transactions last month which forced many mining farms to relocate or shut down and sell their equipment. This mass exodus has helped drive graphics card pricing downwards and according to recent reports, the price for RTX 3060 cards has hit a low of 270 USD (1760 yuan). These prices appear to be limited and only available for large purchases in China however as more farms are forced to sell we may see some cards listed for individual or international sale. Gaming laptops with RTX 3060 graphics cards that were purchased for mining farms are also entering the market for ~1000 USD. While the RTX 3060 cards currently represent the best value mining operations are selling a wide variety of NVIDIA and AMD graphics cards. These prices have been falling steadily over the last week so we wouldn't be surprised if they continue to drop.
Sources: The Block, HKEPC
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28 Comments on Cryptocurrency Miners Selling RTX 3060 Cards For 270 USD in China

#2
BADASSBOT
This is all fake news, these people do NOT really want to sell the graphic cards, they just want to interfere with the price of the graphics card.
In fact, they do NOT have any graphic cards for sale, and the picture is stolen from other miners.
They conduct this kind of behavior in an organized manner, and their secret code is dddd, in order to put a lot of fake graphics cards on the shelves to achieve the purpose of preventing the scalpers from trading normally.
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#3
sepheronx
BADASSBOTThis is all fake news, these people do NOT really want to sell the graphic cards, they just want to interfere with the price of the graphics card.
In fact, they do NOT have any graphic cards for sale, and the picture is stolen from other miners.
They conduct this kind of behavior in an organized manner, and their secret code is dddd, in order to put a lot of fake graphics cards on the shelves to achieve the purpose of preventing the scalpers from trading normally.
I have read this as well. Apparently these are fake listings and people are all jumping on it.
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#4
Palingene
BADASSBOTThis is all fake news, these people do NOT really want to sell the graphic cards, they just want to interfere with the price of the graphics card.
In fact, they do NOT have any graphic cards for sale, and the picture is stolen from other miners.
They conduct this kind of behavior in an organized manner, and their secret code is dddd, in order to put a lot of fake graphics cards on the shelves to achieve the purpose of preventing the scalpers from trading normally.
Yeah you're right, the Chinese graphic card comsumers are now devided into gamers and miners. Now the Gamers are rushing the second hand market with fake listings to prevent the miners from selling these used cards.
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#5
ZoneDymo
BADASSBOTThis is all fake news, these people do NOT really want to sell the graphic cards, they just want to interfere with the price of the graphics card.
In fact, they do NOT have any graphic cards for sale, and the picture is stolen from other miners.
They conduct this kind of behavior in an organized manner, and their secret code is dddd, in order to put a lot of fake graphics cards on the shelves to achieve the purpose of preventing the scalpers from trading normally.
Ermm ok, good
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#6
Tsukiyomi91
no way a used 3060 could go until below MSRP. When they say "selling in bulks" means it won't even reach on ebae, let alone on bozos-zon.
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#7
Crackong
So a miner hiding inside a hydroelectric power plant, stealing electricity for mining all the time, inside a region where "Crypto mining is illegal"

Welp.
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#8
Chomiq
So this news is at least 10 days old and you replaced 3070's price with 3060's. Well played.
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#9
watzupken
Even if this is real, I won't want to touch these cards even with a steep discount. With questionable warranty and wear level, the card may just die after a few months of usage.
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#10
Dyatlov A
watzupkenEven if this is real, I won't want to touch these cards even with a steep discount. With questionable warranty and wear level, the card may just die after a few months of usage.
Exactly, i will certainly not buy used graphics card now, just brand new sealed.
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#11
Tomgang
Fake or not. Do not buy any used mining cards. They been running non stop for god knows how long. Also even throw some miners lower the cards power use, it's still hard on the cards vram.

Don't touch them, let these greddy bastards burn in with all there E-waste. I hope they do, I will not feel sorry for them. In fact I would be laughing at them, if that was to actually happen.
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#12
Jism
watzupkenEven if this is real, I won't want to touch these cards even with a steep discount. With questionable warranty and wear level, the card may just die after a few months of usage.
As long as it was properly cooled and perhaps even undervolted or downclocked, really i dont see an issue. Did you know that sudden spikes in heat / cooloff is far worse for a graphics card?
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#13
BSim500
JismAs long as it was properly cooled and perhaps even undervolted or downclocked, really i dont see an issue. Did you know that sudden spikes in heat / cooloff is far worse for a graphics card?
And how do you test for that before purchase to distinguish between some miner's that have done that vs pretty much everyone who copy / pastes that as a sales pitch whether they actually have or not? Reality = Some miner's undervolt the GPU core, but the memory still runs hot as f*** on many of them (which miner's who boast they "undervolted and ran their GPU core at 45c" regularly forget to mention). So whilst thermal cycling can reduce life over years, it's not half as damaging as running your GPU memory at +100c 24/7 for months on end, and overall mining is definitely not "healthier" for the card than gaming...
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#14
Sithaer
While I definitely wouldn't buy an ex miner GPU from China with no warranty but if its sold in my country and has local retailer warranty I don't mind. '1-2 years warranty is a must for me, miner or not'

My current RX 570 which I bought in 2018 September on the second hand market in my country, was an ex miner card and the previous owner didn't even try to deny it and was very open with it in general.
He bought the card in 2017 December 'I have his original purchase papers/warranty and such' so mined for a good half year on it or so and when I bought the card it still had almost 2 and half years warranty left on it.

The said card still works with no issues in my PC, fans are silent with a fixed 40-45% speed and temps never got out of hand either. 'I also have the card undervolted'

I did re paste and change thermal pads at the end of 2020 after it ran out of warranty just to feel safer and tbh nothing was in a bad shape when I took the card apart.

So ye under the right circumstances I don't mind buying miner/second hand cards, they aint worse than a gamer's card that was in a dirty case with no airflow and maybe even ran OCd for years. 'Cause many of those ppl can't be arsed to keep their system clean or do any kind of maintance'
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#15
TheinsanegamerN
BSim500And how do you test for that before purchase to distinguish between some miner's that have done that vs pretty much everyone who copy / pastes that as a sales pitch whether they actually have or not? Reality = Some miner's undervolt the GPU core, but the memory still runs hot as f*** on many of them (which miner's who boast they "undervolted and ran their GPU core at 45c" regularly forget to mention). So whilst thermal cycling can reduce life over years, it's not half as damaging as running your GPU memory at +100c 24/7 for months on end, and overall mining is definitely not "healthier" for the card than gaming...
You really have no idea what you are talking about, do you?

Running at a consistent temperature, even if that temperature is high, is far less damaging to silicon then thermal cycling is. This is not new information, and the whole "ZoMg MiNiNg KiLlS cArDs!!!!" spiel has been proven wrong time and time again. The biggest cause of failure for GPUs is not silicon wear, its a broken solder joint under one of the chips. guess what causes those joints to break faster? Thermal cycling.

There's nothing wrong with using ex mining cards to game on. They'll likely be in far better shape then used cards from "gamers" at any rate.
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#16
Metroid
soon you will be able to buy a 3080 for less than 400 usd, mark my words, this is 2018 all over, do not hurry to buy a gpu, wait patiently. Do not be an idiot and buy a 3060 for $1000, Let the idiots buy a 3060 for $1000 or more.
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#17
neatfeatguy
Hardcore Gamesnone have surfaced on fleabay yet
I'm sure they will. Folks will buy some and then the stories of fake RTX 3060 will start popping up on tech forums and folks will be asking for help to identify the cards.....only to find out that they are some kind of monstrosity of a GTX 450 variant. In other words, retards will be duped into spending money on fake 30xx cards, like they have been for the 20xx series and 10xx series...and so on and so forth. So, nothing new.
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#18
ThrashZone
Hi,
Guess they didn't make enough coin to move lol
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#19
ppn
Clearly they were shut down forsibly. they wouldn't start selling like that until ETH drops below $10 per gigahash of mining power. and we are long way from that still $65-75, but there is hope with the london POS fork in august. this would be halved to $40 and if eth drops from current 0.063 to 0.033 in relation to BTC, and then BTC itself drops to 15K. Overall don't buy mining card for more than 0.6 of MSRP and 2 years of remaining warranty that would be respected and not voided easily in the end in case it fails.
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#20
Hardcore Games
ppnClearly they were shut down forsibly. they wouldn't start selling like that until ETH drops below $10 per gigahash of mining power. and we are long way from that still $65-75, but there is hope with the london POS fork in august. this would be halved to $40 and if eth drops from current 0.063 to 0.033 in relation to BTC, and then BTC itself drops to 15K. Overall don't buy mining card for more than 0.6 of MSRP and 2 years of remaining warranty that would be respected and not voided easily in the end in case it fails.
All I know is mining is not as lucrative as it was given the lower prices in the market and prices for video cards have eased substantially
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#21
sepheronx
Hardcore GamesAll I know is mining is not as lucrative as it was given the lower prices in the market and prices for video cards have eased substantially
it sure is if you got the cards at previous MSRP prices like I did. Otherwise, I agree, it isn't nearly as profitable. Per month I pay off a single card.
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#22
DeathtoGnomes
ChomiqSo this news is at least 10 days old and you replaced 3070's price with 3060's. Well played.
the source article says 3060s if there was a typo, it was there originally.
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#23
Chrispy_
Mining is still very profitable for me, so I can't see why there's not still strong demand for GPUs by miners.

Last time, the dump happened once mining rewards were so low that there was no profit after electricity was accounted for. Even at high energy costs, my mining is about 400% profit per unit of electricity.
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#24
hat
Enthusiast
I'd totally buy some used mining cards. And then mine on them. When the market blows up again, those of us who do this will be one ones laughing (all the way to the bank).
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#25
Hardcore Games
I know that Chia has more or less imploded so I figure more carnage cannot be far off
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