Chinese miner retailers continue to sell video cards that became useless after the transition
What is known
Merge update that ended in the middleSeptember, reduced energy consumption in the Ethereum network by almost 100%. This is equivalent to disconnecting all of Finland from the global energy system. But because of the new algorithm, miners are forced to sell video cards, since now graphics accelerators are simply not needed for cryptocurrency mining. Of course, the seller also had problems.
We were the first to feel the effect of the new modelChinese retailers and ordinary users who want to make money on accelerators. Back in the spring, they could sell top-end NVIDIA GeForce RTX 30 graphics cards with a markup of up to 200%. But since mid-summer, in anticipation of the upgrade and the transition of Ethereum to the Proof-of-Stake model, accelerator prices began to decline.
Three months ago, the cost of the GeForce RTX 3080 inShanghai Buy Now store was approximately $1140. Now a video card can be purchased there for $700, i.е. its price has fallen by almost 40%. But a drop in value of more than $400 is an isolated case.
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In other stores the GeForce RTX 3080 is available inMSI and Colorful decreased by $140-280 in two months. However, one of the retailers added that in 2021, customers bought such boosters for $1,300, and now some sellers are forced to sell cards for less than the retail price.
In online stores, video cards do not fall in price so sharply. For example, the same GeForce RTX 3080 has fallen in price by several hundred yuan since August 2022 (¥100 = ~$14) on the JD and Taobao marketplaces.