Collapse of crypto mining industry leads to auctioning off of thousands of graphics cards

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Jun 22, 2022.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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    mohiuddin, Exodite, KissSh0t and 3 others like this.
  2. KissSh0t

    KissSh0t Ancient Guru

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  3. 0blivious

    0blivious Ancient Guru

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    Used crypto GPU.... as appealing as a Ferrari with 194,000 miles.
     
  4. Alessio1989

    Alessio1989 Ancient Guru

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    Throw them into lava.
     

  5. Horus-Anhur

    Horus-Anhur Ancient Guru

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  6. TheDeeGee

    TheDeeGee Ancient Guru

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    Atleast they're nicely stacked like flattened old cardboard boxes.

    Condition:

    "Slighty used for 24/7 in a 60C damp shed."
     
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  7. Stormyandcold

    Stormyandcold Ancient Guru

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    Easy solution for the mainstream...don't buy any of them.
     
  8. Dimitrios1983

    Dimitrios1983 Master Guru

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  9. SeriousSkeletor

    SeriousSkeletor Member

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    Crypto miners were laughing at PCMR an entire 2 years of pandemic when we needed our GPUs the most (for work & fun)
    Guess who's laughing right now... :)
     
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  10. alanm

    alanm Ancient Guru

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    $15 billion of GPUs will not be easily sold. They will have to be quite cheap to move in such massive volumes. Perfect timing for Nvidia and AMD to see this as they introduce their new power hungry expensive cards in 3rd or 4th quarter.
     
    fantaskarsef, AlmondMan and Silva like this.

  11. WhiteLightning

    WhiteLightning Don Illuminati Staff Member

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    cheapest 3080 is $530 on ebay. that is way too overpriced.

    (I cant believe i just said that :D )
     
  12. Error8

    Error8 Member Guru

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    It doesn't matter for the miners. Most of them already made fortunes from these videocards, so selling them or throwing them into "lava" doesn't mean anything for them.
    Though, this dump of videocards might start a perfect storm for retail prices soon enough and maybe it will even affect the 4XXX series prices. I really, really hope that Nvidia will sell them with minimal profit. I want to see that greedy leather jacket man crying about his quarterly profits, next year.
     
    Last edited: Jun 22, 2022
    Silva likes this.
  13. Agonist

    Agonist Ancient Guru

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    When the last crash happened, they barely could give them away and this time is way worse.

    I got 2 nitro RX 480s 4gb for $199 shipped on ebay in Feb 2019.

    Both still work perfectly today. Dude even emailed me the stock bios to flash back from the mining bios.

    This is hilarious and awesome. I need 7 cheap GPUs for rigs I got to finish.

    And yet there are idiots who still trying to ask $390 for a 1070ti. $300 for RX 580 8gbs.
    $230 is still too high for RTX 2060s.
     
  14. Silva

    Silva Ancient Guru

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    I'd pay 25€ for a 2060S or 50€ for a 2070S, no more.
     
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  15. Undying

    Undying Ancient Guru

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    Intel missed their only chance to release and sell their gpus. :D

    We might just wait for next gen amd and nvidia gpus at this point unless you can get a really good deal.
     
    Silva likes this.

  16. AlmondMan

    AlmondMan Maha Guru

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    These are beautiful news.
     
  17. nicugoalkeper

    nicugoalkeper Master Guru

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    I will buy a 3080 if i will pay max. 200 Euro for them, else they cna keep them :plol
     
  18. loracle

    loracle Master Guru

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    Those greedy losers finally got their ass F****d :D:cool:
     
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  19. Undying

    Undying Ancient Guru

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    [​IMG]
     
  20. -Tj-

    -Tj- Ancient Guru

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