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The price of new and used GPUs falls while cryptocurrencies falter

It is not being a good year for cryptocurrencies. The price of Bitcoin has been plummeting since the beginning of the year, having lost more than half of the value it had when 2022 began. Several companies in the sector are experiencing problems and some, such as Coinbase, have announced layoffs. Meanwhile, bitcoin and cryptocurrency mining in general seems to be losing steam, which is directly influencing the price of GPUs. And to the delight of buyers of PCs and components for other purposes, is doing it downwards. Asus already announced a few weeks ago a reduction in the price of some of its models, but now these falls are spreading to more manufacturers. Also to used models.

As pointed out by Tom`s Hardware, the prices of GPUs, both new and used, continue to decline after reaching their maximum prices in late 2021 and early 2022. The price of new GPUs, as seen on numerous e-commerce platforms, is already dropping to more normal levels.

But it is the price of used GPUs that has fallen the most, as not a few who have lost interest in cryptocurrency mining are looking for the best way to get rid of them, and they are even appearing on Wallapop, as crypto miners seek the best way to get your money back and cut your losses from crypto crash. That is why they are appearing for sale on online platforms for the sale of second-hand items. Both separately and as part of mining rigs.

Currently, most mid-range Nvidia GeForce RTX 3000-series graphics cards are still sold at the suggested retail price, although in some cases they may still be slightly higher. This is because the 3050, 3060 and 3070 models are still in high demand.

But in the case of High-end GPUs from Nvidia, such as the 3080 Ti, 3090, and 3090 TiAlready they are sold below the astronomical recommended prices for them. The same is true of almost all graphics card models in the 6000 series of AMD’s Radeon RX range. The prices of used GPUs, yes, have fallen faster. Between June 1 and June 15, eBay prices for used GPUs were down an average of 10%

However, buyers of used GPUs should be careful. In addition to the fraud and deception attempts that can occur in second-hand online sales, something that happens with all sales of items of a certain value, it is essential to bear in mind that a GPU used in cryptocurrency mining, which has been running continuously for months, or even years, can have performance problems. The heat generated from constant use in a high-density cryptocurrency mining farm can degrade its performance. That is why you have to be careful when buying them.

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