According to a crackdown on crypto mining in China, the GeForce RTX 3060 graphics card of Nvidia is now available at a price of $270 USD. There was a crackdown on bitcoin last month in China that has imposed various mining farms to shift from the Sichuan region where the ban was imposed.
Nvidia GeForce RTX 3060 available for $270 USD in China
There are many stores in China where the GeForce RTX 3060 graphics card batch sales can be seen with prices ranging from 2,200 to 2,899 yuan (respectively $336/$450). And from what you can see in the image below, there are also some sellers who have slashed the price of the RTX 3060 even further to 1,760 yuan (approximately $270).
There are also some gaming laptops that were bought for the main purpose of using their video cards for mining and sellers are trying to sell the same. These laptops are available for $1000 USD equipped with an RTX 3060 GPU, which is not at all good at this price anymore.
The mining of cryptocurrencies like Bitcoin has been banned in the province of Sichuan, which has forced companies and organizations involved in the activity to relocate from the region. Therefore, the sellers who were not able to relocate their business to another province were forced to quickly sell their GPUs and hardwares.
It is worth mentioning that the suggested price of NVIDIA GeForce RTX 3060 graphics card in the international market is $329 USD dollars, but the shortage of chips in semiconductor factories means that this price value has not been practiced for months.
There is also a risk buying second-hand video cards these days as one cannot trust how much the GPU has been used in the mining. So, the buyers should be very careful if they are looking to buy a second-hand graphics card from the market.