Clampdown On Crypto Mining Cuts China's GPU Prices Nearly 45 Percent:
China's non-stop effort to crack down on cryptocurrency mining farms has started to pay dividends. As the South China Morning Post reported today, graphics card pricing in the country has decreased substantially over the past few weeks. Following up on the South China Morning Post's tip, we've analyzed the historic pricing for various Ampere graphics cards. You can see the pricing trends in our breakdown below, but the clear takeaway is that pricing has receded as much as 45% since Beijing began pulling the plug on big mining farms around the country.
Besides being some of the best graphics cards for gaming, Nvidia's GeForce RTX 30-series (Ampere) cards are also very popular for cryptocurrency mining. It's impossible for us to look at pricing for every single Ampere model, so we randomly picked custom models from each tier to get a general idea of pricing behavior.
The price war is intense, so there's considerable pricing variation for the same graphics card model at different retailers. However, graphics card makers typically have their own online stores at major online retailers, such as Tmall, which is one of the biggest in China. We pulled the pricing from the official stores via Manmanbuy, a popular price tracker in China.
We observed a reduction in pricing up to 45% on some of Nvidia's latest graphics cards, such as the GeForce RTX 3060 — this mid-range Ampere card was one of the more popular models among mining farms in China. The higher-up models exhibited a smaller price reduction, though.
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Busted Cryptominers Might Have Mined on 3,800 PS4 Consoles
The Security Service of Ukraine (SSU) on Thursday reported that Ukrainian law enforcement has pulled the plug on a clandestine cryptocurrency mining farm in the city of Vinnytsia. The perpetrators had set up camp in an old warehouse and stealthily tapped into the city's power grid to mine cryptocurrency. Most interestingly, the miners were caught with a shocking number of Playstation 4's. And pretty much everything else, too.
The Ukrainian authorities reportedly seized up to 5,000 pieces of hardware, including over 500 graphics cards, 50 processors and 3,800 PlayStation 4 (PS4) consoles, all of which are in short supply in the U.S. and beyond, as well as other tidbits.
[...] The photographs showed an endless list of racks with PS4s that are apparently connected to the internet. While we've seen pictures of alleged PS4 mining setups before, there has never been any concrete evidence that you can actually mine cryptocurrency on a gaming console. Although, after seeing a DIY project with a Game Boy mining Bitcoin, anything is possible. And the fact that the Ukrainian miners had so many PS4s does suggest that they may have found a way to mine with them.
[...] Hypothetically, the PS4 Pro could potentially come close to a Radeon RX 580 in Ethereum mining.
Also at Wccftech.
Previously: Cryptocurrency Miners Are Building Their Own Electricity Infrastructure
Massive bitcoin mine discovered in UK after police raid suspected cannabis farm
Clampdown on Crypto Mining Cuts China's GPU Prices Nearly 45 Percent
(Score: -1, Insightful) by Anonymous Coward on Sunday June 27 2021, @08:01PM (6 children)
Uiyghurs Something Uiyghurs Uiyghurs
(Score: -1, Flamebait) by Anonymous Coward on Sunday June 27 2021, @08:17PM
Uiyghurs will now be able to afford video cards for gaming, so they can hone their jihadi skills at home.
(Score: 1, Offtopic) by EvilSS on Sunday June 27 2021, @09:10PM (4 children)
(Score: 0) by Anonymous Coward on Monday June 28 2021, @12:21AM (3 children)
US pretends to give a fuck about human rights, so maybe their genocide and war crimes are actually worse because it's hypocritical as well?
Nevermind, I'll get with the program: Russia! China! Nuke all brown people!
(Score: 1) by khallow on Monday June 28 2021, @02:23AM (2 children)
Hypocrisy is serious business. Killing and imprisoning a bunch of people? Not so much.
(Score: 0) by Anonymous Coward on Monday June 28 2021, @05:32AM (1 child)
And it is a war crime to mention the Tiananmen Square massacre of 1989 or acknowledge Taiwan as a country.
(Score: 0) by Anonymous Coward on Monday June 28 2021, @03:58PM
I was de-person'ed for talking about Wuhan, you insensitive clod!
(Score: 3, Interesting) by Username on Sunday June 27 2021, @09:13PM (3 children)
Or nvidia caught onto it and started making more to meet demand. Well, at least that is what a smart company would do. Buy our $5,000 USD dedicated crypto mining card. 30% faster than a graphics card.
(Score: 4, Interesting) by EvilSS on Sunday June 27 2021, @09:27PM (2 children)
(Score: 1, Insightful) by Anonymous Coward on Monday June 28 2021, @12:08AM (1 child)
Because it is also 50% cheaper to run when the TCO is calculated??
NB: That was obviously an example scenario and not based on data....
(Score: 3, Informative) by EvilSS on Monday June 28 2021, @01:51PM
(Score: 0, Troll) by Anonymous Coward on Sunday June 27 2021, @10:37PM (13 children)
Gotta admit I was skeptical when St Greta directed her glowering stare at Chairman Xi, but once again she has proven effective at getting her target to see the light and change their polluting ways thus saving the planet. Well done!
(Score: 0) by Anonymous Coward on Sunday June 27 2021, @10:45PM (5 children)
How has Hollywood missed this can't-lose superhero franchise idea?
(Score: 0) by Anonymous Coward on Sunday June 27 2021, @11:31PM (4 children)
Obviously because of the patriarchy.
(Score: 0) by Anonymous Coward on Sunday June 27 2021, @11:39PM (3 children)
A shame, because Azuma was so looking forward to buying the action figure.
(Score: 2) by Runaway1956 on Sunday June 27 2021, @11:48PM (2 children)
LOL!
You guys know that I'm going to be blamed for this entire subthread. Me, and my 99 dirty socks. Maybe I can blame the dust bunnies?
(Score: 4, Funny) by Anonymous Coward on Monday June 28 2021, @12:20AM
I certify that I am an independent AC and have not received any sponsorship funds from Runaway1956 or the Chia Pet Telephone Pole Interoperability Foundation.
(Score: 0) by Anonymous Coward on Monday June 28 2021, @04:01PM
Don't worry, Runnaway. I am actually Spartacus. Most people don't know that. I should say something.
(Score: 0) by Anonymous Coward on Sunday June 27 2021, @11:54PM
how dare you!
(Score: -1, Flamebait) by Anonymous Coward on Monday June 28 2021, @03:28AM (5 children)
It really must piss you off that a teenage autistic girl has accomplished more in only a few years than you'll ever do in your entire pointless, irrelevant, worthless life.
(Score: -1, Flamebait) by Anonymous Coward on Monday June 28 2021, @03:46AM
If you're a good little snowflake your mother might buy you a St Greta action figure for Christmas. If she buys two, she gets a free sock puppet (which is sort of redundant when you think about it).
(Score: 0) by Anonymous Coward on Monday June 28 2021, @03:47AM
https://nypost.com/2021/02/04/greta-thunberg-faces-probe-in-india-over-farm-protest-tweets/ [nypost.com]
(Score: 2) by Runaway1956 on Monday June 28 2021, @04:35PM (2 children)
Oh, you mean an "influencer"? Sorry, few "influencers" have accomplished anything in life. About all they know is how to stand in front of a camera in makeup. Much the same as TV and movie stars - and "reality" stars.
College kids who work their way through school accomplish more in one summer of work than Greta is likely to accomplish with her whole life.
(Score: 0) by Anonymous Coward on Monday June 28 2021, @08:33PM
Greta got you and a million other sexist anti-environment patriarchal assholes to obsess about her for years... Who knows how much time and money she saved real people you might have bothered instead?
(Score: 0) by Anonymous Coward on Monday June 28 2021, @08:47PM
So who are you yammering about now? I would have put Trump there, but he's just a conman not even an "influencer".
Greta is not an "influencer" either.
you sad old man....