While GPU prices have been trending lower lately with shortages easing and inflated prices, certain popular cards, especially in the Nvidia and AMD ranges, have still been kept hundreds of dollars above prices. Manufacturers Suggested Retail Listings (MSRP).
Now, however, prices are plummeting at an aggressive rate thanks to the recent unprecedented drop in cryptocurrencies.
As reported by Tom’s Hardware, GPU prices have already dropped by a significant 15% for the entire month of May. Even before Bitcoin and Ethereum prices crashed dramatically, plate prices were starting to approach, or even fall below in some cases, the MSRP.
Over the past week, the value of Bitcoin has plummeted by 30%, while Ethereum (which is supported by Nvidia RTX 30 cards) is down by more than 40%, a far cry from its peaks of over $60,000 and $4000. respectively.
The tangible effect of this state of affairs has been a massive change for the GPU market, at least when it comes to 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 was selling for over $1,000. Elsewhere, the website also noted certain listings selling six RTX 3080 units for $2,500, that’s around $418 each.
Meanwhile, the profitability of the RTX 3080 cryptocurrency miner has plummeted in recent days due to the continued drop in ETH prices. After accounting for energy costs, a miner could make around $0.85 per day.
In other words, it would take around 1.5 years to break even and cover the cost of the GPU itself, and that’s assuming the value of ETH stays the same, which, currently, doesn’t seem likely.
As for AMD-powered Radeon graphics cards, Tom’s Hardware highlights how every Team Red board is now available for less than their MSRPs, barring the RX 6800 XT and RX 6800.
Here’s a closer look at the current (June 15) eBay prices for the Team Green and Team Red boards (the last price in parentheses is your 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 12GB — $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 stay at MSRP going forward?
Generally speaking, that is more likely. The crypto bubble that has been at the forefront of GPU news for the past two years has seen crypto miners seize nearly all of the available stock for motherboards like the GeForce RTX 3060 and the like.
Combine that with the fact that resellers were looking to make a profit and you have a market where it was almost impossible to get a card at a reasonable price.
Unless you were willing to spend an astronomical premium (the average price of a GPU during the height of the pandemic reached a staggering $1,000), you would have to wait months or even years to upgrade or build a PC system with a card. decent graphics. .
Even the latest generation motherboards and current generation staples were being resold at vastly inflated prices. Ultimately, it was a terrible situation.
And don’t forget that the next-gen RTX 40 series and the AMD Radeon 7000 lineup are only months away from release. As such, retailers are scrambling to get rid of existing stock, driving prices even lower.