Now that China has all but banned cryptocurrencies, GPU prices are falling

The decrease in demand for the chips, and therefore price, is a direct result of Beijing all but banning the digital cash. Both old and new models of GPUs have declined in price. The Nvidia Quadro P1000 model, a 14nm part launched in 2017, is going for 2,429 yuan ($376) on JD.com, a popular Chinese e-commerce biz, down from 3,000 yuan ($464). The Asus GeForce RTX3060, announced earlier this year, has dropped from 13,499 yuan ($2087) to 4,699 yuan ($763), on Tmall, another Chinese online vendor. The trend seems to be making its way over to America. That spells good news for gamers and PC builders looking for parts. Nvidia recently announced it had crippled the cryptomining ability on its latest GeForce RTX GPUs in an effort to shoo miners away after players complained they had to compete with miners for graphics chips. https://www.banknewsnow.com/2021/06/22/now-that-china-has-all-but-banned-cryptocurrencies-gpu-prices-are-falling-like-bitcoin-the/ ............................................................................ #crypto #technology #gaming #china #news

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