Nvidia graphics card prices in China have fallen following recent crypto-mining measures

Amid the ongoing crackdown on cryptocurrency mining in China, The prices for graphics cards from major GPU manufacturers such as Nvidia and Asus are getting cheaper.

According to a report published on Monday by the South China Morning Mail (SCMP), the prices of some graphics cards have like up to two thirds in Chinese e-commerce platforms by province Sichuan ends mining operations.

The badge card of Asus, the RTX 3060 apparently fell to 4,699 Chinese yuan ($ 730) on Monday from its maximum price of13,499 yuan ($ 2,100) in May on the online sales site Tmall operated by JD.com.

Nvidia graphics card prices in China have fallen following recent crypto-mining measures
Nvidia graphics card prices in China have fallen following recent crypto-mining measures

The Quadro P1000 of Nvidia, a less advanced card, fell to 2,429 yuan ($ 380) in a JD.com franchise store, from a maximum of a few 3,000 yuan ($ 470) In early May, the SCMP reported, citing price changes recorded by the e-commerce data provider Manmanbuy.

The decline in graphics card prices coincides with a significant downward trend in the cryptocurrency market, with Bitcoin (BTC) falls to $ 32,500 amid another wave of FUD from China.

On Monday, China’s central bank apparently reiterated a ban on trading in cryptocurrencies in the country Request to banks and payment institutions not to offer any services for accounts in connection with trading in cryptocurrencies.

After this prohibit trading in cryptocurrencies In 2017, the Chinese government recently tightened its stance on cryptocurrencies and launched a comprehensive crackdown on the mining operation. The latest news follows a series of mining bans in several of the major crypto mining centers in China. including hydropower-based provinces such as Sichuan and Yunnan. The authorities in Xinjiang, Inner Mongolia and Qinghai have also ordered the closure of mining operations.

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