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Unscrupulous miners paint the boards of used video cards to sell them to gamers under the guise of new ones, the media found out
Chinese miners paint video cards to sell on online platforms under the guise of new ones. This conclusion was reached by YouTuber Iskander Souza and IT specialist Paulo Gomez, writes VideoCardz.
It turned out that unscrupulous miners began to paint the chips of video cards in order to expose them under the guise of new ones. With the help of painting, attackers hide the yellow tint on the chips due to long work at high temperatures. What’s more, the scammers even color the memory chips themselves to make them look fresh. The researchers also advise inexperienced buyers not to rely solely on warranty cards, as they can also be counterfeited.
In November 2022, the editors wrote that video cards in Russia fell by 54% due to the transition of the Ethereum network from the Proof-of-Work algorithm to Proof-of-Stake. Prices for RAM boards also fell by about 20%. However, prices for hard drives increased by 13% due to the departure of foreign manufacturers and problems with deliveries for parallel imports due to sanctions against the Russian authorities.
According to the M.Video-Eldorado network, prices for video cards in November 2022 fell by 15-40% in annual terms. The Ozon marketplace announced a price reduction for video cards in November 2022 by 5-10% compared to October. One of the reasons for such dynamics was the release of new models of video cards.
After Ethereum switched to PoS, many miners decided to sell off their graphics cards. However, you can still find altcoins for mining using video cards on specialized sites – for example, Coinwarz or Whattomine. These platforms evaluate the mining of various cryptocurrencies on video cards according to various parameters – profitability, complexity, time to add a new block, the number of coins mined per day, and others, and allow you to choose tokens that are suitable specifically for the miner’s equipment.
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