Graphics cards are selling like hot cakes on the streets of Vietnam

las gpus se venden como pan caliente en las calles de vietnam.jpg
las gpus se venden como pan caliente en las calles de vietnam.jpg

Currently, a most curious situation can be seen in countries where mining with graphics cards it used to be so prevalent. And it is that the market is flooded by excess inventory of used graphics cards. There is perhaps no better example of this than the Asian nation of Vietnam; where a well-known hardware middleman called Lê Thành, has started to sell excess stock on the streets as if it were a street food stall.

This self-proclaimed “king of graphics cards” even jokes on Facebook with selling them by the kilo and he’s been using his recent online fame to get out of this glut of merchandise fast.

In the photos you can see dozens of graphics cards of all brands and recent generations stacked one on top of the other; being casually handed out in plastic bags to shoppers who don’t even have to bother getting out of their vehicle to enter the store. To put the icing on the cake, there is a surrounding weight for humorous purposes.

The reasons behind the oversupply of graphics cards

The reasons behind the oversupply of graphics cards

Much has been said about the oversupply of graphics cards in the post-GPU mining Ethereum era, but the truth of the matter is that it is not the only cause of this peculiar business situation (although it is the main one).

We certainly cannot deny that Vietnam, a powerhouse in cryptocurrency mining, has experienced a mass decommissioning of GPU farms since Ethereum jumped on the Proof of Stake boat to approve transactions; which threw overboard the concept of mining with GPUs.

However, the global economic downturn it has also put significant pressure on retailers to sell excess inventory; that’s not to mention that the widespread end of pandemic-related lockdowns it did consumer electronics sales no favors. Also taking into account the energy crisis and rising electricity prices, there are few good reasons left to hold on to these pieces of hardware.

Unfortunately this drop in graphics card prices has not been experienced worldwide. Spain is one of those cases where the prices and stock of models have not improved much compared to the days of the pandemic.

With all that saidwe advise against getting a used GPU for mining in most cases like the ones being sold on the streets of Vietnam. The reasons? They are components used to the maximum, 24/7 and for who knows how long, which could give up at any time.

Via | Tom’s Hardware