Following months of artificially inflating the price of top GPUs from both Nvidia and AMD, finally, the GPU prices are starting to decline. While the NVIDIA GeForce RTX 30 series still is available for roughly 77 percent above MSRP, 3DCenter claims that the 87% above MSRP since last month is still being sold. As a result, the AMD Radeon RX 6000 series sells at 67% of MSRP rather than 83 percent.
Graphics card prices in ???? as of Jan 23, 2022
? Price level go down, a noticeable movement in the right direction.
? Availability better again, really no problems to get cards.
? ETH price give hope for the future (see yellow line).https://t.co/fNSz3OX69i pic.twitter.com/leX4cynnGv
— 3DCenter.org (@3DCenter_org) January 24, 2022
Due to the continuous chip shortage, the pricing of cards from Nvidia’s Ampere and AMD’s RDNA2 series has been influenced by several concerns after their respective release dates, such as the increased competition in the market Ethereum cryptocurrency mining. Although GPU prices are still dropping well over what they need, it’s encouraging to see that things return to normal.
Furthermore, this price decrease coincides with the recent crypto market crisis. Probably, this hasn’t directly affected the decline in revenue that we’re witnessing. Thus there’s a high potential that the decreasing value of Bitcoin and Ethereum might force the cost of prominent cards like the GeForce RTX 3080 and Radeon 6700 XT further down.
Ethereum now has hit its minimum number until August, according to VideoCardz, but we won’t know precisely if the crypto market collapse affects GPU prices until next month’s report. The ETH 2.0 update is scheduled to fall in June 2022, indicating now it will take decades instead of months to make significant money through mining to pay off the initial money in GPUs. It could be a good disincentive for GPUs in the mining industry.
In light of the lack of evidence that the cryptocurrency market crisis got much to do with the decline in graphics card pricing, it’s not precisely evident what’s led matters to begin settling yet, though. However, accessibility has shown significant recovery in previous weeks, with 3DCentre stating in a tweet with its findings that “Availability improving again, truly no difficulties to purchase cards,” which might have impacted the industry.
Like before, let’s not be too confident. Prices and supply have fluctuated during the last 14 months, so it’s impossible to make the situation better immediately; however, people have a greater chance of getting the card they desire or at a semi-price.
We Haven’t Yet Come Out of the Woods
The current market scenario can’t be attributed to a single unfortunate event, but the Covid-19 outbreak, which has caused productivity to fall, is essential. Minor problems like the growth of crypto mining in the previous 18 months and growing market need have contributed to the ‘perfect storm’ that has kept us stuck. There isn’t a simple solution to the problem short of flooding the market with low-cost GPUs to deter scalpers.
That’s not the only problem that has caused the stock shortages and ridiculous prices we’ve been plagued with. Still, the ETH 2.0 update might potentially end the use of ordinary GPUs in Etherium mining systems when it officially launches. There’s a chance it will lower the price of some graphics cards, but it’s doubtful that it will restore all GPUs to their MSRPs throughout all worldwide merchants.
Waiting to buy a new graphics card at a fair price will take a long time. Consider getting the best gaming laptop, or use a streaming service like Nvidia GeForce if your internet speed is great enough. However, things could stay tense until AMD and Nvidia introduce their new series of GPUs, which is expected to happen shortly.