This is a constant subject of speculation and
on the internet forums, which is funny, because there is a lot of community experience on the matter, if people just were listening.
Anyone who has
actually built things using China Ebay components for some time will know very well that they are totally unusable, end of discussion. Still, people don't want to believe this and want to act like some Counterfeit Component Justice Warriors
.
So, it seems to take some time to find this through trial and error. I happily used Ebay parts for some time, and have seen others do it, until they realize.
Reasons why this is not obvious right away include:
1) Not all parts are counterfeit/broken - some parts are genuine and OK! I think it's generally around 50% (but depends hugely on the category, ranging between 0% and 100%). If you happen to be lucky for the first few times in the row, it may take a year or two until you notice if you are not that avid.
2) Not all parts are
totally broken - they appear to work first. Very typical examples: power components with wrong printings, it is the right type of component, but cannot do the current it's specified to (usually not even nearly so). Or, the necessary protections are totally lacking, which won't be seen right away.
3) Some parts have much worse specs, but happen - by sheer luck - to be usable in that particular application.
4) Some of the parts end up in the parts bin, not being used at all for some time, or ever, due to the nature of the hobby. People are left satisfied by the "good service".
All of this delays the realization that the Chinese Ebay parts are 100% unusable crap, because even if 50% of the stuff is OK, you never know. Even for a hobbyist doing one-offs, this percentage of failure is at least an order of magnitude, if not two, too high.
For me, it took some 2 years, with hundreds of dollars worth of components. And BTW, the Ebay list prices are usually not better than at real distributors. Free or cheap shipping was the enabler for me, when you just need $5 worth of components at the time.
The need to buy everything twice or three times, writing complaints to Ebay and waiting for the new parts for 2-3 weeks at every step starts delaying projects so much that at some point, you realize it's easier to use that same 2-3 weeks to design and think what you are going to need in a next few projects, or gather some more people, and then order the miminum order from a real distributor.
Nowadays, I only order the China Ebay components when the normal distributors fail to sell the product at a sane price, and the product is such that I know from experience it is most likely going to be OK - a typical example would be a pin header.