{"id":279815,"date":"2021-06-21T16:42:01","date_gmt":"2021-06-21T13:42:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown\/"},"modified":"2021-06-21T16:42:01","modified_gmt":"2021-06-21T13:42:01","slug":"nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown\/","title":{"rendered":"# Nvidia GPU prices in China fall amid crypto mining crackdown"},"content":{"rendered":"<p>&#8220;<strong># Nvidia GPU prices in China fall amid crypto mining crackdown <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNGU1ZjExZjgtMTFkNi00MzQ0LTk3YWQtMDIzYTNiNWE2Mjk4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable.\u00a0<\/p>\n<p>According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3138130\/bitcoin-crackdown-sends-graphics-cards-prices-plummeting-china-after\">tumbled<\/a> as much as two-thirds on Chinese e-commerce platforms after Sichuan province terminated mining operations.<\/p>\n<p>Asus\u2019 flagship RTX 3060 card was reportedly down to 4,699 Chinese yuan ($730) on Monday from its peak price of 13,499 yuan ($2,100) in May on JD.com-operated online retail site Tmall.<\/p>\n<p>Nvidia&#8217;s Quadro P1000, a less advanced card, dropped to 2,429 yuan ($380) on a JD.com franchise store, down from a peak of about 3,000 yuan ($470) in early May, the SCMP reported, citing price changes tracked by e-commerce data provider Manmanbuy.<\/p>\n<p>The price downturn aligns with a major sell-off on the cryptocurrency market, with Bitcoin (BTC) tumbling to $32,500 amid another wave of FUD in China.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin hash rate hits 8-month low as Chinese miners power down<\/em><\/strong><\/p>\n<p>On Monday, China\u2019s central bank reiterated the country\u2019s ban on cryptocurrency trading, reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/china-cryptocurrency-pboc\/chinas-central-bank-urges-financial-institutions-to-crack-down-on-cryptocurrencies-idUSB9N2NP015\"><\/a>urging\u00a0banks and payment institutions to halt services for accounts associated with crypto trading activity.\u00a0<\/p>\n<p>After banning crypto trading back in 2017, the Chinese government has been toughening its stance on crypto recently, launching a major crackdown on cryptocurrency mining. The latest <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> follows a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of mining bans in several major crypto mining hubs in China including hydropower-based provinces like Sichuan and Yunnan. Authorities in Xinjiang, Inner Mongolia and Qinghai have also ordered mining operations to shutter.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Nvidia GPU prices in China fall amid crypto mining crackdown &#8221; Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable.\u00a0 According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled&#8230;<\/p>\n","protected":false},"author":1,"featured_media":279816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNGU1ZjExZjgtMTFkNi00MzQ0LTk3YWQtMDIzYTNiNWE2Mjk4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,80446,75042,77134,4973,71511,70934],"class_list":["post-279815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-gpu","tag-mining","tag-nvidia","tag-china","tag-government","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/279815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=279815"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/279815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/279816"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=279815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=279815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=279815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}