The decline in cryptocurrency mining has reduced the demand for graphics cards.
The demand for graphics cards has decreased. PDO
Vietnamese Le Thanh published by to their Facebook pages pictures and videos of people selling graphics cards on the streets for a price per kilo.
On Facebook, Lê Thành shared photos of dozens of used graphics cards that a street vendor had arranged to resemble traditional food stalls seen in Vietnam. In one video, the scooter stops to buy a few graphics cards, which the seller weighs and prices. After paying the seller, the buyer collects the graphics cards in a plastic bag and leaves the place.
Other images show street vendors waving video cards in the air to attract scooter riders to shop. In addition, in Lê Thành’s store, you can see stacks of unsold graphics cards from all major brands.
There has been talk about the oversupply of graphics cards for a long time after the use of cards for Ethereum mining decreased significantly. Graphics card prices have clearly dropped since the event, Tom’s Hardware tells. However, the crypto industry was in trouble even before the death of mining, as the values of cryptocurrencies dropped significantly and the global economy began to decline. Also, in the post-pandemic world, many people don’t have enough money to buy graphics cards.
Graphics card manufacturers have braced themselves for a bad few months, but are optimistic about the new year. Nvidia believes that sales of gaming and professional graphics cards will decrease compared to the previous year. However, the company has hope for the success of the new RTX 4090 graphics card in China.