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Retailer shows off massive consignment of AMD graphics cards earmarked for cryptocurrency mining rigs

Cryptocurrency miners seem to have no trouble sourcing graphics cards in bulk
Cryptocurrency miners seem to have no trouble sourcing graphics cards in bulk (image via own)
A Bahrain-based retailer just showed off a massive shipment of AMD RDNA2 graphics cards, including the Radeon RX 6900 XT, RX 6800 XT and RX 6700 XT. The firm exclusively deals with cryptocurrency miners, so most of those cards will likely end up in mining rigs.

Some time ago, Nvidia CEO Jensen Huang stated that RTX 3000 series graphics cards would remain scarce throughout 2022. Things are more or less the same on the other side of the aisle, too. However, those purported production issues don't seem to be an issue for cryptocurrency miners. A Bahrain-based retailer just showed off a massive consignment of AMD graphics cards on Instagram.

Twitter user @coreteks managed to capture the Instagram story, which showcased copious amounts of AMD Radeon RX 6900 XT, RX 6800 XT, RX 6700 XT and some RX 580 graphics cards. The sheer volume of the shipment suggests that there could be a collaboration between the store and some distributors. Although the individual price of the cards isn't listed, we can expect them to cost a pretty penny. Then again, it would be nigh impossible to buy one or two cards given that the firm caters to miners who buy in bulk.

A cursory glance at the Instagram page in question suggests that the firm deals mostly in ASICs. However, a post from last month (August 2021) lists an Nvidia GeForce RTX 3060 (non-LHR version) for an eye-watering 395 BHD (US$1,047). Similarly, an RX 580 is going for 225 BHD (US$600). The highlighted 'GPU Mining' story showcases some mining rigs with up to 24 graphics cards.

There is, however, a silver lining to all this. GPU-based mining will be rendered obsolete once Ethereum adopts the proof-of-stake model. Furthermore, Ethereum has been quite unstable of late; therefore, these mining cards could soon end up on the used hardware market. We've seen this saga play out a few years ago when Ethereum prices dropped rapidly.

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Anil Ganti
Anil Ganti - Senior Tech Writer - 942 articles published on Notebookcheck since 2019
I've been an avid PC gamer since the age of 8. My passion for gaming eventually pushed me towards general tech, and I got my first writing gig at the age of 19. I have a degree in mechanical engineering and have worked in the manufacturing industry and a few other publications like Wccftech before joining Notebookcheck in November 2019. I cover a variety of topics including smartphones, gaming, and computer hardware.
contact me via: @AnilGanti, LinkedIn
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 09 > Retailer shows off massive consignment of AMD graphics cards earmarked for cryptocurrency mining rigs
Anil Ganti, 2021-09- 2 (Update: 2021-09- 2)