logo

China crackdown after-affects: NVIDIA RTX 3060 GPUs being sold below $270

NVIDIA RTX GPUs

TL;DR Breakdown

  • The ban of mining activities in China has brought down the selling price of GPUs.
  • NVIDIA RTX 3060 GPUs are being sold by Chinese miners for a low price of $270.
  • Along with NVIDIA, AMD graphic cards are also being sold off due to China’s ban on mining.

The Chinese government has been pretty hard on Bitcoin miners for the past few weeks. In the recent ban on crypto mines in Chinese provinces, crypto miners have fled the country to resume their operations.

NVIDIA RTX 3060 GPUs are being sold by Bitcoin miners that have still not fled the country. These miners can’t resume their operations anymore and hence, are looking to break even. The Chinese government has given a hard time to Chinese miners.

Cheap NVIDIA RTX 3060 GPUs overflooding the market

The used NVIDIA RTX 3060 GPUs are being sold by the miners, and they are now present in abundance in the second-hand Chinese market. These GPUs of both NVIDIA and AMD brands are being sold at a price below $270.

The older models of the GPUs like Polaris and Pascal are also being sold in abundance by the miners, along with newer models like Ampere and RDNA2. The prices of these models have dropped down to $270-$500 ranges.

Conditions attached

These GPUs are not being sold at $270-$300 per piece. In order to buy at this price, the buyers will have to buy a unit of around 100-300 GPUs. This includes RTX 3070, RTX 3060ti and also, RTX 3060 GPU.

Along with graphic cards, sellers are also putting their NVIDIA RTX 3060 GPUs with laptops for $1000 dollars. Although the price is low, these GPUs are not easy to sell. It is possible that the prices drop further.

Parth Dubey

Parth Dubey

A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? I love cryptocurrencies.

Related News

Hot Stories

Cardano price analysis: ADA sets up bullish move after rising above $0.55 barrier
Dogecoin price analysis: DOGE spikes 15 percent, further upside swiftly rejected
How to Stake Cosmos 2022 (Complete Guide)
Bitcoin, Binance Coin, Uniswap, and Tron Daily Price Analyses – 14 August Morning Price Prediction
Uniswap price analysis: UNI/USD trade in a sideways direction with a slight bullish bias

Follow Us

Industry News

BlueBenx halts withdrawals after $32 million hack
Vauld fights back after ED freezes its $46M assets
UnionBank launches in-app crypto exchange
Huobi`s crypto mogul seeks to sell his stake for $3B
Are gaming NFTs dead?