New and used GPU prices continue to drop as cryptocurrencies collapse

Nvidia GeForce RTX 3060 Ti

Nvidia GeForce RTX 3060 Ti
picture: Nvidia

Bad news for crypto miners is good news for gamers. While GPU prices have steadily declined over the past few months, the ongoing cryptocurrency crash appears to be accelerating a return to MSRP. as Tom’s Hardware Report, GPU prices fell about 15% in May, following a 10% to 15% drop in previous months. In some cases, the price will be lower than the recommended price.

Currently, the used market on eBay is declining at a faster rate, although prices for new GPUs are also steadily dropping.Retail prices down 2% over the past two weeks; that might not sound like slimeH, But that drop was offset by a 9% price increase for the RTX 3080 (12GB).

The top graphics cards from Nvidia and AMD have seen massive price drops, with the RTX 3070 and RTX 3070 Ti down 7%, and the RTX 3050 is now 6% cheaper than before. Even the flagship RTX 3090 Ti is down 5%. Things were more stable on AMD’s side, although prices for the Radeon RX 6600 XT and RX 6600 dropped 3%. Most of the other cards from the red team have kept their monthly prices but are already close to MSRP, And Nvidia cards have a longer return path.

Looking at the average retail price and the suggested price, only Nvidia’s high-end graphics cards (RTX 3090 Ti, RTX 3090, RTX 3080 Ti) are priced at or below the suggested retail price. Others — including the RTX 3080, 3070, 3060 Ti, 3060, and 3050 — are still $50 to $100 more than the asking price.

As mentioned above, the second-hand market, is plummeting at an even faster rate. Over the past two weeks, Nvidia’s RTX 3060 Ti is down 19%, the RTX 3080 is down 17%, and the RTX 3070 is down 15%. Average selling prices on eBay have 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 is 12%.

Tom’s Hardware said the cards are being resold, in part because of the sharp drop in the value of cryptocurrencies. With cryptocurrencies collapsing and energy prices rising, miners are giving up and trying to recoup some of the money they lost buying equipment before others can sell their GPUs for less. By the way, Bitcoin, Down from a peak of around $32,000 It has traded around $21,000 over the past few weeks, while Ethereum has traded around $1,100 and below $1,900. Keep in mind that used GPUs may be overworked scrap used by crypto miners and may not have many lives available.

Either way, the result is a more affordable GPU for gamers who have been on the fringes for the past two years, as supply chain issues and scalpers make it nearly impossible to buy a graphics card, or even harder to find a graphics card at a reasonable price. As Tom’s Hardware points out, the RTX 3080 was over $1,000 a few months can now find a About $640, or, in a given transaction, $418 for 6.

so you should Go out and buy a GPU now? not quite. Nvidia plans to release RTX 40 series cards Later this year, AMD will compete with the RX 7000 series of GPUs. There’s no doubt that these will bring significant performance gains over the outgoing cards, but the real question is whether there’ll be enough stock — and enough competitive pricing — to make them more affordable than the more affordable current generation now. Worth an upgrade.


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