New and used GPU prices continue to fall as crypto collapses

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 been falling steadily over the past few months, the cryptocurrency’s ongoing plunge seems to be accelerating its return to MSRP. As Tom’s Hardware reports, GPU prices fell about 15% in May after falling 10% to 15% in the previous months. In some cases, prices fall below recommended prices.

Currently, the used market on eBay is declining at a faster rate, although new GPU prices are steadily declining as well. Retail prices fell 2% in the last two weeks; that may not sound like mucH, However, this drop was offset by a 9% price increase for the RTX 3080 (12GB).

Top graphics cards from Nvidia and AMD saw significant price drops, with the RTX 3070 and RTX 3070 Ti falling 7% and the RTX 3050 now 6% cheaper than before. Even the flagship RTX 3090 Ti is down 5%. Things were more stable on the AMD front, although the Radeon RX 6600 XT and RX 6600 prices fell by 3%. Most of Team Red’s other cards stayed the same price month-to-month, but were already close to MSRP. while Nvidia cards have a longer way back.

Looking at the average retail price versus the recommended price, only Nvidia’s high-end cards (RTX 3090 Ti, RTX 3090, RTX 3080 Ti) are selling at or below MSRP. The others — including the RTX 3080, 3070, 3060 Ti, 3060, and 3050 — remain $50 to $100 over price.

The used market, as mentioned above, falls even faster. 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 fallen by 10% in just 14 days, and ignoring 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 cryptocurrency’s sharp fall in value. With crypto crashing and energy prices rising, miners are giving up and trying to recoup some of the money they lost buying equipment before everyone else sells their GPUs at a lower price. Bitcoin by the way fell from a high of $32,000 to around $21,000 over the past few weeks, while Ethereum is around $1,100 vs. $1,900. Keep in mind that the GPUs used could be the overhauled junk 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 as supply chain issues and scalpers have made it nearly impossible to buy a graphics card, and even harder to find one at a reasonable price. As Tom’s Hardware points out, just a few months ago the RTX 3080 cost more than $1,000; You can find one for now around $640 or, in a specific deal, $418 if you buy six.

So should you Go out and buy a GPU now? Not exactly. The release of Nvidia is planned RTX 40 series cards Later this year AMD will compete with the RX 7000 series GPUs. These will no doubt bring significant performance gains over the outgoing cards, but the real question is whether there will be enough inventory – and competitive pricing – to make them worthwhile upgrades over the now more affordable current generation.

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