Graphics Cards Prices Plummet in China Following Bitcoin Crackdown

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Image: RABAUZ (Pixabay)

South China Morning Post has shared a promising new report for enthusiasts who are eagerly awaiting graphics cards pricing to revert to saner levels. Thanks to China’s ongoing crackdown on bitcoin mining, pricing for select GPUs have reportedly fallen by as much as two-thirds on e-commerce platforms. These include the NVIDIA Quadro P1000, which dropped to 2,429 ($376) yuan from 3,000 yuan ($463) in May at franchise store, and one of ASUS’ GeForce RTX 3060 SKUs, which dropped to 4,699 yuan ($725) from 13,499 yuan ($2,084) in May at Alibaba. The price changes stem from e-commerce information provider Manmanbuy.

Image: EPA

The price plunge comes after southwestern Sichuan province, which relies heavily on hydropower for electricity and had become China’s last bitcoin mining haven, pulled the plug on mining farms on Saturday night. Previous signals from local regulators suggested the province hoped to let miners take advantage of abundant hydropower over the summer.

Source: South China Morning Post

Tsing Mui
News poster at The FPS Review.

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