GPU prices in China fall to new lows after Ethereum merger
The price of the Nvidia GeForce RTX 3080 has dropped from $1,118, or 8,000 yuan, to 5,000 yuan in three months, according to a Chinese merchant.
New
As the Ethereum network's move to a Proof-of-Stake (PoS) consensus mechanism drives adoption by institutional investors, prices for graphics processing units (GPUs), often used to mine cryptocurrencies like Ether (ETH), fell in China.
Following the historic Ethereum merger on September 15, previously highly sought-after Nvidia GeForce GPUs have become significantly cheaper, according to a report from the South China Morning Post. Peng, a Chinese merchant, gave the example of the RTX 3080, where the price of the GPU went from $1,118, or 8,000 yuan, to 5,000 yuan in three months.
According to Peng, when Bitcoin (BTC) mining was at its peak in China, mining companies went on GPU shopping sprees. But right now, the merchant said no one is buying new computers, let alone new GPUs.
Another merchant called Liu also pointed out that low-end RTX 3080 cards from manufacturers like MSI have also dropped by around 2,000 yuan from prices two months ago. According to Liu, this may be heavily influenced by the hype surrounding the Ethereum merger.
In-store merchants are not the only ones concerned...
The price of the Nvidia GeForce RTX 3080 has dropped from $1,118, or 8,000 yuan, to 5,000 yuan in three months, according to a Chinese merchant.
New
As the Ethereum network's move to a Proof-of-Stake (PoS) consensus mechanism drives adoption by institutional investors, prices for graphics processing units (GPUs), often used to mine cryptocurrencies like Ether (ETH), fell in China.
Following the historic Ethereum merger on September 15, previously highly sought-after Nvidia GeForce GPUs have become significantly cheaper, according to a report from the South China Morning Post. Peng, a Chinese merchant, gave the example of the RTX 3080, where the price of the GPU went from $1,118, or 8,000 yuan, to 5,000 yuan in three months.
According to Peng, when Bitcoin (BTC) mining was at its peak in China, mining companies went on GPU shopping sprees. But right now, the merchant said no one is buying new computers, let alone new GPUs.
Another merchant called Liu also pointed out that low-end RTX 3080 cards from manufacturers like MSI have also dropped by around 2,000 yuan from prices two months ago. According to Liu, this may be heavily influenced by the hype surrounding the Ethereum merger.
In-store merchants are not the only ones concerned...
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