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Miners on the resale of video cards earn more than on the extraction of cryptocurrency

According to the source, with a drop in profitability from mining cryptocurrencies, miners began to sell their video cards in the secondary market – and they earn more from this than from mining. Even though the demand for video cards from ordinary users has fallen.

Miners on the resale of video cards earn more than on the extraction of cryptocurrency

So, according to the service “VKontakte Ads”, the offer of Nvidia video cards in May increased by 27%, AMD video cards – by 16% in comparison with April. At the same time, on the Avito site, video cards were searched for 24% less often in May than in feverish February. However, the cost of 3D cards in the secondary market continues to grow: over the month, the average price of Nvidia RTX increased by 15% – up to 85 thousand rubles.

The demand for video cards is inextricably linked with the cost of cryptocurrency, primarily Bitcoin and Ethereum serve as a benchmark here. Eldar Murtazini, a leading analyst at Mobile Research Group, said that when Bitcoin fell in price in May, it increased the payback period of farms, and buying video cards became impractical. Private miners started selling their video cards. And it is they who now mainly offer 3D cards in the aftermarket. Ani Aslanyan, an expert of the State Duma Committee on Economic Policy, Industry, Innovative Development and Entrepreneurship, agrees with him.

Since November last year, according to an independent expert in the field of electronics Arkady Markaryan, video cards have risen in price by 150%, Murtazin calls the growth twofold. Naturally, the sale of video cards purchased before the explosive rise in prices now brings miners a greater profit than the actual mining itself, Markarian notes.

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