Buy graphics card: Crypto crash leads to falling prices for used ones
The current slump in cryptocurrencies is leading to declining mining and thus to a glut on the used market for graphics cards with correspondingly falling prices. But while the price point is becoming more attractive, many used mining graphics cards are in poor condition.
While the prices for new graphics cards have recently recovered noticeably, the current slumps in the cryptocurrencies Ethereum and Bitcoin are making GPU mining more and more unattractive, which is why many miners are known to be pushing their graphics cards into the used market for resale. Noisy a report According to Bloomberg, the used market has already collapsed by up to 50 percent in recent months, with reference to the data it has collected, especially with regard to Nvidia models.
One quoted estimate suggests that more than a third of the consumer graphics card market could disappear with the loss of the crypto mining base, with an estimated 35 percent of consumer GPUs being bought out by miners prior to the surge. Used GPUs are currently selling for 50 percent less than just a few months ago and with a third of the GPU market lost, further price falls are to be expected.
Buying used is worth more, but be careful
In addition, a recovery on the cryptocurrency market is not to be expected any time soon, especially since the upcoming “Proof of Stake” conversion from Ethereum will make GPU mining obsolete here. Accordingly, end customers can find more worthwhile offers on the used market and the price difference to new goods becomes more pronounced. But in view of the signs of wear and tear on graphics cards plagued by mining, buyers should take a close look at the offers and question them in order to ultimately not buy a copy that will die out soon.
Source: via Tomshardware.com
Reference-www.pcgameshardware.de