The world of technology has its ups and downs. The unprecedented fluctuation in the graphics card market also clearly demonstrates this situation.
Humanity is about to leave behind a very difficult period. The pandemic, which started as of the end of 2019 and made its impact felt heavily until the middle of 2022, still continues to exert its influence in China, the exit region.
Although many of the technology companies were in a very difficult situation during the pandemic period, the sector, which will not exceed the fingers of one hand, especially the video card manufacturers, contributed to its profit in the relevant period. However, another reason behind the extraordinary growth of the graphics card market was the increasing cryptocurrency mining in recent years.
Thanks to the crypto currency mining, which was in its golden age in the 2020-2021 period, which coincided with the pandemic period, technology enthusiasts almost attacked the graphics cards, and in this case, the video card was sold many times more than the normal. However, due to the end of the pandemic and the loss of interest in cryptocurrency mining, users began to sell their graphics cards in the second-hand market.
Especially considering that each of the cryptocurrency miners has an average of 15-20 high-end graphics cards, we can more easily understand how the market is overflowing with second-hand graphics cards. Here are the reports that point to this situation. So much so that the sales of new graphics cards decreased by 33% this year compared to the same period of the previous year. Moreover, this situation is expected to continue in 2023.