Although GPU prices have been on a downward trend lately with inflation and prices soaring moderately, some popular cards, especially in the Nvidia and AMD ranges, still remain hundreds of dollars above the suggested retail (MSRP) prices of their respective manufacturers.
Now, however, prices are falling at an aggressive pace thanks to the recent unprecedented drop in cryptocurrencies.
As reported by Tom’s Hardware, GPU prices have already fallen by 15% throughout the month of May. Even before the prices of Bitcoin and Ethereum plummeted dramatically, board prices began to approach, or even drop in some cases, the MSRP.
Over the past week, the value of Bitcoin has dropped 30%, while Ethereum (which is compatible with Nvidia RTX 30 cards) has dropped more than 40%, far from its peaks of $ 60,000 or more and $ 4,000 more. respectively.
The tangible effect of this state of affairs has been a massive change for the GPU market, at least in terms of pricing.
Case in point: Tom’s Hardware reports that Nvidia’s popular RTX 3080 GPU is now available for less than $ 650 on eBay. Just a few months ago, this same plate sold for over $ 1,000. Elsewhere, the website also noted certain ads selling six RTX 3080s for $ 2,500, about $ 418 each.
Meanwhile, the profitability of RTX 3080 cryptographic mining has plummeted in recent days due to the continuing decline in ETH prices. After accounting for energy costs, a miner could generate about $ 0.85 a day.
In other words, it would take around 1.5 years to reach equilibrium and cover the cost of the GPU itself, and this means that the value of ETH remains the same, which currently does not seem likely.
As for AMD-powered Radeon graphics cards, Tom’s Hardware highlights how all Team Red boards are now available for less than its MSRP, except the RX 6800 XT and RX 6800.
Here’s a closer look at current eBay prices (June 15) for Team Green and Team Red boards (the last price in parentheses is their eBay cost on June 1).
- GeForce RTX 3090 Ti – $ 1,672 (-9% from $ 1,829)
- GeForce RTX 3090: $ 1,265 (-12% from $ 1,438)
- GeForce RTX 3080 Ti – $ 1,000 (-12% from $ 1,134)
- GeForce RTX 3080 12 GB – $ 936 (-2% from $ 959)
- GeForce RTX 3080 – $ 743 (-17% from $ 899)
- GeForce RTX 3070 Ti – $ 619 (-13% from $ 710)
- GeForce RTX 3070 Ti – $ 641 (-15% from $ 544)
- GeForce RTX 3060 Ti – $ 470 (-19% from $ 579)
- GeForce RTX 3060 – $ 379 (-11% from $ 424)
- GeForce RTX 3050 – $ 296 (-6% from $ 315)
- Radeon RX 6950 XT: $ 1,270 (-21% from $ 1,600)
- Radeon RX 6900 XT – $ 774 (-12% from $ 875)
- Radeon RX 6800 XT: $ 637 (-17% from $ 767)
- Radeon RX 6800 – $ 575 (-12% from $ 655)
- Radeon RX 6750 XT: $ 560 (+ 10% from $ 511)
- Radeon RX 6700 XT: $ 410 (-14% from $ 477)
- Radeon RX 6650 XT: $ 372 (-7% from $ 400)
- Radeon RX 6600 XT: $ 309 (-12% from $ 350)
- Radeon RX 6600 – $ 274 (-5% from $ 290)
- Radeon RX 6500 XT: $ 159 (-17% from $ 192)
- Radeon RX 6400: $ 170 (+ 13% from $ 150)
Will GPUs now remain in the MSRP in the future?
In general, this is more likely. The cryptographic bubble that has been at the forefront of GPU news for the past two years has seen cryptocurrencies monopolize almost all available stock for boards like the GeForce RTX 3060 and the like.
Along with the fact that scalpers were looking to make a profit and you have a market where it was almost impossible to buy a card at a reasonable price.
Unless you’re willing to spend an astronomical premium (the average price of a GPU during the peak of the pandemic hit a staggering $ 1,000), you’d have to wait months or even years to upgrade or build a PC system with a decent graphics card. .
Even state-of-the-art boards and entry-level products of the current generation were being resold at very inflated prices. All in all, it was a terrible situation.
And don’t forget, the next-generation RTX 40 series and the AMD Radeon 7000 range are just a few months away from launch. Therefore, retailers are struggling to get rid of existing stock, driving down prices even further.