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Miners are dumping GPUs via livestreamed auctions

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fatima khan
fatima khan
A brand new writer in the fields, Fatima has been taken under my electric spark's RGB- rich and ensures she doesn't engage in excessive snark on the website. It's unclear what command and Conquer are; however, she can talk for hours about the odd rhythm games, hardware, product reviews, and MMOs that were popular in the 2000s. Fatima has been creating various announcements, previews, and other content while here, but particularly enjoys writing regarding Products' latest news in the market she's currently addicted to. She is likely talking to an additional blogger with her current obsession right now.

The crypto market is now in bear market territory, which means mining returns aren’t anywhere near as good as they were when everything was on the up and up during 2021. As profitability drops, miners are increasingly dumping their hardware onto the second hand market. If there are further losses, its possible we’ll see some truly epic GPU dumps.

It’s particularly noticeable in China, where mining was concentrated for years due to cheap electricity. Sellers are flocking to Xianyu (opens in new tab)—which is a bit like a Chinese eBay— and flogging off piles of unwanted RTX 30 graphics cards.

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