Crypto miners in China are selling off their graphics cards amid crackdown

Rdmetz

Posts: 297   +142
Because those cards originally come from China anyways, so how is any Retailing buying them, to know if it was previously used, if the packaging is original...?


There is a now famous photo of out of the boxes RTX laptop propped up like a teepee on shelves, all being used for mining, with original cable and everything still intact, with the peel-off protective coating still all over the laptop... Cables still bundled together, etc...


All being used in a mining farm, before they are shipped as new through retail channels...!
My evga cards certainly didn't "come from China"

11 total 30 series cards from them including 3x 3080 3x 3080ti and a couple 3090 as well as 2x 3070ti all of them brand new and built and shipped from California.

Also people leaving things like plastic wrap on devices doesn't mean it's going back into official retail channel. I on many things where it won't effect performance leave any kind of plastic wrap on my devices as it keeps them looking their best / protected for the day I do decide to sell them used.

I peel it off day I'm selling and it looks brand new and I get better offers.

These miners certainly plan to resale but in no way does some "pictures" mean they are going back into retail channel.

But again what do I care my cards come from an American company with American wardanty fully intact and I'll certainly have sold off the card for its direct replacement long before said warranty expires.
 
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captaincranky

Posts: 17,205   +5,959
Yet people want open markets and government to stay out of their business?

Seen this same take from so many who want their cake and eat it too.
Well, you can count me out of those who, "want to have their cake and eat it too". I'm much more pragmatic than that. What I'm not is a hypocrite. I'll take a $300.00 Chinese guitar that plays like the equivalent of a $3,000.00 American guitar, any day of the week. But I don't really feel the need to have something the day it's released. Count me out as ever being, "the first kid on the block to have something".

We've had articles here where scalpers claim, "they're doing a public service by buying up all (whatever), and then selling for double what they paid". A big favor to us, as it were.

They call selling drugs in my neighborhood, "serving". Does getting someone hooked on crack or heroin sound like, "a service" to you?

Americans are spoiled, decadent, greedy, and dumber than a box of rocks, "fools and their money", as it were So, a government's duty is to protect its citizens, even if it's from themselves. (Whether they like it or not) And if that Christmas PS-5 comes for young Billy the following July, but at a fair price, so be it.

Billy will have to get over his wants. The parents will have to exercise common sense and good judgment, and the government will have to outlaw scalping, whether it's by virtue of making auto dialers illegal, or requiring dealers's licenses for scalpers, and establishing limits for fair ROI.

BTW, I've read Marx, Huxley, and Orwell, I'm probably a bit rusty in the word for word sense, but I've still retained the general drift.

The overarching irony of all this is, Communism is now supporting capitalism. I'm still waiting for the Chinese to march down Wall Street, and repossess it. :rolleyes:
 
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m3tavision

Posts: 678   +443
My evga cards certainly didn't "come from China"

11 total 30 series cards from them including 3x 3080 3x 3080ti and a couple 3090 as well as 2x 3070ti all of them brand new and built and shipped from California.

Also people leaving things like plastic wrap on devices doesn't mean it's going back into official retail channel. I on many things where it won't effect performance leave any kind of plastic wrap on my devices as it keeps them looking their best / protected for the day I do decide to sell them used.

I peel it off day I'm selling and it looks brand new and I get better offers.

These miners certainly plan to resale but in no way does some "pictures" mean they are going back into retail channel.

But again what do I care my cards come from an American company with American wardanty fully intact and I'll certainly have sold off the card for its direct replacement long before said warranty expires.

Sorry if you don't know, or understand.... but this happens quite a bit. Coincidentally, nobody said anything about a specific brand.

Secondly, there is no reason to keep any of the plastic on them, when they are being mined due to heat, etc... There is no reason to inefficiently connect them, so their their original power brick and cording is not untied, or even taken out, etc...

Nobody does anything like this on a mass scale.... unless they want to sell "as new". Because how would an average user even know...? That is why Chinese Nationals do it with CCP's blessing....

That is how communism works..!
 

duckofdeath

Posts: 448   +586
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Sorry but ebay and Amazon buyer protection is more than well equipped to handle something like this and in fact they almost always side with the buyer and make the seller take a return or just lose the money all together.

As someone who has sold on both stores for years I'm fully aware of how easy it is for a buyer to get what they want.

Takes 30 seconds to register a card and with companies like evga you MUST do so to be eligible for things like advance rma or step up so anyone whose buying them is very easily able to validate their purchase.
Is that why we hear so much in the news about huge amounts of fake reviews and products on there? Buyer protection does exist. It does nothing to prevent shady sellers to get shady products out there, though.
 

m3tavision

Posts: 678   +443
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Is that why we hear so much in the news about huge amounts of fake reviews and products on there? Buyer protection does exist. It does nothing to prevent shady sellers to get shady products out there, though.
Amazon is why CCP has gotten so strong.... Jeff Bezos cut a deal to sell things directly from china, while omitting searches for real products... and just sell chinese knock-offs...!
 

duckofdeath

Posts: 448   +586
Amazon is why CCP has gotten so strong.... Jeff Bezos cut a deal to sell things directly from china, while omitting searches for real products... and just sell chinese knock-offs...!
Things have been sold directly from China since forever. It was a deal Europe and America made way back in the 80's to get China out of poverty as their communist regime failed so badly people were dying from starvation.
 

captaincranky

Posts: 17,205   +5,959
Jeff Bezos cut a deal to sell things directly from china, while omitting searches for real products... and just sell chinese knock-offs...!
Brace yourself, bad news coming. There aren't any "real products" anymore. And now the worse news, Chinese goods are, "real products".

The only distinction you can make is whether the computer parts you're using to post this nonsense are from Taiwan, or mainland China.

Especially the AMD parts for which everybody is clamoring

To paraphrase an ancient antacid commercial, "how do you spell relief"?
That would be, T-aiwan S-emiconductor M-anufacturing C-orporation.

But yes, Samsung is based in South Korea. Other Pac-Rim countries are getting into the act as well, such as Indonesia, if that's any comfort to you.

And like the US, Japan can no longer afford to make its products on the mainland, so they farm them out. Guess where?
 
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Markoni35

Posts: 1,234   +507
That wasn't so hard to predict, was it? I predicted it a few months ago. Westerners still didn't start selling their cards because they believe this crypto drop is just a temporary glitch and everything will return to normal in 3 months. Nope. It won't. You'll have to wait maybe 3-4 years for this "correction" to correct itself. So, start selling your cards while their price is still high.
 

Gastec

Posts: 136   +61
"There are caveats to go with those low prices: the cards are being sold in bulk and they'll likely have been running 24/7 at full throttle for a long time."
This reminds me of Scott Watson's "SSD Endurance Experiment". A similar experiment would be useful to determine what damage these video cards have suffered during their intensive usage or if they have suffered any damage.
 

CybaGirl

Posts: 69   +29
They don't keep the boxes. They make new ones that looks like the originals.
Yes I have seen this done with many Nintendo games that don't have the original boxes being sold on eBay and other places. The copies are difficult to detect but if you know what you are looking for they can be detected. Trouble is most times you won't know until it is in your hands.
 

Avro Arrow

Posts: 1,727   +2,044
TechSpot Elite
No one should purchase any cards that have been used in mining, not only because of the reliability problems but also on principle. Unless they sell them at like 15% of MSRP or lower, maybe then I would consider getting one. Let the miners lose all their investment on hardware.

(all wishful thinking, of course... these last 6 months have shown that modern "gamers" are like meth and crack addicts...)
Yep. They remind me of the same fools who wait for days outside of Apple stores for the "next big thing". It's a joke and a really bad one at that.