As China continues to crack down on cryptocurrency mining, the prices of graphics cards from major GPU vendors such as Nvidia and Asus are getting cheaper.
According to a report from the South China Morning Post (SCMP) on Monday, the price of some graphics cards has already Fall down Up to two-thirds of China’s e-commerce platforms Termination of Sichuan Province Mining operations.
According to reports, Asustek’s flagship RTX 3060 card dropped to 4,699 yuan ($730) from the highest price of 13,499 yuan ($2,100) on Tmall, an online retail site operated by JD.com, on Monday.
Nvidia’s Quadro P1000 is a less advanced card. The price at JD stores has dropped from a peak of about 3,000 yuan (470 US dollars) in early May to 2,429 yuan (380 US dollars). The South China Morning Post quoted an e-commercial data provider. Manmanbuy.
The price downturn coincides with a major sell-off in the cryptocurrency market, Bitcoin (Bitcoin) Fell to $32,500 in another wave of FUD in China.
related: With power outages of Chinese miners, Bitcoin hash rate drops to an 8-month low
According to reports, on Monday, the People’s Bank of China reiterated the country’s ban on cryptocurrency transactions Urge banks and payment institutions Stop providing services for accounts related to crypto trading activities.
Rear Prohibition of crypto transactions As early as 2017, the Chinese government has recently strengthened its stance on cryptocurrency and launched a large-scale crackdown on cryptocurrency mining.The latest news comes after several major crypto mining centers in China have implemented a series of mining bans, including Sichuan and other major hydropower provinces And Yunnan. Authorities in Xinjiang, Inner Mongolia and Qinghai also ordered the closure of mining operations.
