Those 500k cards were seized two years ago though, who knows how many months the miner spent getting all of those RX470s.And one mining farm has allmost 500000 gpus…
The market would definitely bottom out for a while. It wouldn't just cause a drop in that model. Models all around it would drop.If 500k RX470s were put on the market, I doubt the $300 price point would hold. If they decide to sell their old GPUs, it will probably be in lots of 100-1000 as-is at $150 or so a pop, let someone else worry about testing, re-conditioning and re-selling those one by one.
No, you're not, but you gotta understand that we're in the minority with that kind of mindset.Am I alone in never ever buying a used graphics card? Or CPU, or mobo for that matter...
Witness the many people here asking if they should buy this thing from fleabay, or that thing from aliexpress.
Nah, the amount of precious metals in a graphics card isn't worth extracting. They are worth more as graphics cards than they are as scrap gold. Selling them will be a problem, however, as they are old, and not even top of the line cards from the year they were manufactured.They'll probably just melt them all down and extract copper, gold ... should be at least a couple ounces.
The RX480s were $200 for the 4GB model and $240 for the 8GB one at launch. After the first crypto crash though, the 8GB RX480/580 variants could be had for as little as $120 new and in some cases, that even included a free game on top due to AMD being desperate to clear excess stock from the channel.I'm too lazy to go look it up, but (in the before before time) didn't my RX-480 cost less than $300 when it was new?
It was a dispute between the miners' host and the miners for non-payment two years ago. China's regional crypto ban had nothing to do with it. The court are merely returning seized property, whether the miners will be able to resume mining in China or not is a different story. If they have to scout a new location to start over with their recovered GPUs, it would make sense for them to go outside China so they don't get hit with bans.So i guess china is not cracking down on mining ?
If the US let mining farms invade the country, the price of electricity will increase a lot, if it is not lacking in some placesYeah… USA did get Big shipment of 17000 new gpus! Wohoo!
And one mining farm has allmost 500000 gpus…
I feel myself so small in this gpu battle…
Do you see the exorbitant prices in everything PC related we have nowadays, but especially GPUs???
I'm not a fan of buying used either but with price-performance on new GPUs being in such horrible shape right now, I can definitely see how people desperate to get anything worth gaming on but don't have $500+ for something new-in-box or $300+ for almost anything else that is still relevant today might be very interested in $150-200 8GB RX470s from a crypto-mining farm fire sale.
You're not alone, but as said before many people would be totally fine with it, on top of that sometimes used hardware does come with a warranty. MSI for example warranty's the part, not the buyer so as long as the serial number is still within warranty, you would be fine to RMA it with MSI.