Crypto

New and Used GPU Prices Continue to Fall as Crypto Crashes

Nvidia GeForce RTX 3060 Ti

Nvidia GeForce RTX 3060 Ti
Image: nvidia

Bad news for crypto miners is good news for gamers. While GPU prices have fallen steadily in recent months, the current cryptocurrency crisis appears to be accelerating the return to MSRP. What Tom’s Hardware Reports, GPU prices decreased by around 15% in May, after falls of 10% to 15% in the previous months. In some cases, prices drop below the recommended price.

For now, the used market on eBay is falling at a faster rate, though prices for new GPUs are steadily falling as well. Retail prices fell 2% in the last two weeks; that may not sound like muchh, but that drop was offset by a 9% increase in the price of the RTX 3080 (12GB).

The best graphics cards from Nvidia and AMD enjoyed significant price drops, with the RTX 3070 and RTX 3070 Ti dropping 7% and the RTX 3050 now 6% more affordable than before. Even the flagship RTX 3090 Ti is down 5%. Things were more stable on the AMD front, although prices for the Radeon RX 6600 XT and RX 6600 fell 3%. Most of the other Red Team cards held their price month over month, but were already close to MSRP, while Nvidia cards have a longer way back.

When looking at the average retail price compared to MSRP, only Nvidia’s higher-end cards (RTX 3090 Ti, RTX 3090, RTX 3080 Ti) sell at or below MSRP. The others, including the RTX 3080, 3070, 3060 Ti, 3060, and 3050, are still $50 to $100 above asking.

The second-hand market, as has already been said, it is sinking at an even faster rate. In the last two weeks, Nvidia’s RTX 3060 Ti dropped 19%, the RTX 3080 dropped 17%, and the RTX 3070 dropped 15%. Average prices sold on eBay dropped 10% in just 14 days, and if you ignore the new AMD RX 6750 XT and RX 6400 (which are hard to find anyway), the average drop was 12%.

Tom’s Hardware suggests that these cards are being resold, in part, due to the sharp drop in the value of cryptocurrencies. With cryptocurrencies crashing and energy prices rising, miners are giving up and trying to recoup some of the money they lost by buying equipment before everyone else sells their GPUs at a lower price. bitcoin, by the way, fell from around a peak of $32,000 at around $21,000 in recent weeks, while Ethereum is at around $1,100, down from $1,900. Keep in mind that used GPUs could be overworked scraps used by crypto miners, and may not have much life left in them.

Either way, the result is more affordable GPUs for gamers who have been sidelined for the past two years due to supply chain and resellers issues that made it nearly impossible to buy a graphics card and even harder to find one at a retailer. Reasonable price. As Tom’s Hardware points out, the RTX 3080 was over $1,000 just a few months ago; now you can find one for around $640 or, in a particular offer, $418 when you buy six.

So you should go out and buy a GPU right now? Not quite. Nvidia is scheduled to release RTX 40 series cards later this year, while AMD will compete with RX 7000 series GPUs. This will undoubtedly bring significant performance improvements over outgoing cards, but the real question is whether there will be enough stock and competitive enough pricing. to make the upgrades worthwhile compared to the current generation, now more affordable.

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