Chinese Cryptocurrency Miners Selling Cheap Gpus
The reason for this price inflation is the influx of cryptocurrency miners. Cryptocurrency mining requires high-end GPUs and demand for the latest GPUs continues to rise, with supplies quickly running out. However, Taiwanese PC Builders recently discovered that multiple High-end GPUs are selling for cheap in China, with the RTX 3070 selling for only $400. Why are Chinese crypto miners celling cheap GPUs? China contributes the most out of any country to the hashrate of mining Bitcoin and other cryptocurrency....