Graphics cards are selling like hotcakes 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 the market is flooded with 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 intermediary called Lê Thành has started selling excess stock on the streets as if it were a street food stall.

This self-proclaimed “king of graphics cards” even jokes on Facebook about selling them by the kilo and has been using his newfound online fame to quickly get out of this glut of merchandise.

In the photos you can see dozens of graphics cards of all brands and recent generations stacked on top of each 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 place the cherry 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 excess supply of graphics cards in the era after Ethereum mining with GPUs, but the truth of the matter is that it is not the only cause of this peculiar commercial situation (although it is the main one).

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

However, the global economic recession It has also put significant pressure on merchants to sell excess inventory; not to mention that the widespread end of pandemic-related lockdowns did no favors for consumer electronics sales. Also taking into account the energy crisis and rising electricity prices, there remain few good reasons to continue holding 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 prices and stock of models have not improved much compared to the days of the pandemic.

With all that saidwe advise against getting a GPU used 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 moment.

Via | Tom’s Hardware

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Mubashir Hassan
Expert in tech and gaming, blending industry insights with expertise