Source: happened with an RX 560 that I bought second-hand. Driver installation failed in Windows 10 due to the modified GPU BIOS. Was fixed with a reflash of a stock GPU BIOS using atiflash.
Sometimes literally: https://www.youtube.com/watch?v=fr8bp8a2QS4
"A Bitcoin Miner Heatstroked In His Sleep. This Is What Happened To His Organs."
Has anyone spotted electrolytics on a card in the last ten years or so?
The main cause of failure is the VRM, those components are the hottest, least reliable and least cooled.
Sadly, sometimes a blown transistor or capacitor can take out the whole GPU.
Aside from a few top end models modern desktop GPUs are not designed for continuous operation at max load. When you combine than with higher temperature the lifespan of the cards is indeed reduced. The real question is how much this matters.