Recently, a scam has been going in China in which they are posing as AMD and XFX to issue a fake recall in order to get owners of the Radeon RX 580 to return them for the GeForce equivalent. AMD and XFX have come out and said that recalls are completely fake and should be ignored.
In this time of graphic card shortage worldwide, the scammers have come up with a new way to get their hands on cards that are good for mining. These Chinese dealers used a fake letter that looked as if it had come from AMD and XFX to get users to return their cards because of instability issues that arose from a manufacturing defect.
These issues actually do not exist and most informed people know that the Radeon RX 580 was discontinued some time ago, but the casual customer may not know that. These dealers are exchanging the AMD Radeon RX 580 4GB and Radeon RX 580 8GB with a GeForce GTX 1050 Ti and GeForce GTX 1060 3GB, respectively.
The recall also went as far as to offer double the street value of the card if the victim did not want to exchange it for a GeForce equivalent. The GeForce equivalent is equally powerful in gaming but does not offer nearly as good mining performance which is reflecting in the resale value.
The major difference between the two cards is that the RX 580 is much better at mining cryptocurrencies. The RX 580 can make you upwards of $3 per day in Ethereum mining while the GeForce GTX 1060 3GB can make around $1.20 per day.
AMD and XFX have come and made statements saying that these recalls are completely fake and should be ignored. AMD has said it will take legal action against these merchants for spreading misinformation and illegally using AMD’s branding.
We will have to wait and see if any other scams like this pop up somewhere else around the world.
