Something to look forward to: GPU mining is becoming less and less profitable as the months go by, and hopefully Ethereum’s transition to a proof-of-stake consensus will make the activity useless for profit seekers. Retail inventory is also improving and next-gen graphics cards are expected to launch in the coming months, so current-gen hardware prices are under pressure to fall to healthier levels.
Over the past 18 months, Ethereum miners have spent $15 billion grabbing graphics cards from Nvidia and AMD, leaving gamers at the mercy of resellers and second-hand sellers for nearly every model of the latter two. generations of graphics hardware.
Add to that a storm of logistical issues, factory closures, and component and material shortages, and you have GPUs that are only now approaching the retail prices they should have had at launch.
According to a report from 3DCenter, prices in parts of Europe are finally touching MSRP levels. In the case of AMD cards, prices for models such as the Radeon RX 6900 XT, RX 6700 XT, and RX 6600 XT, as well as refreshed models such as the 6750 XT and 6650 XT, are now between 7-16% in below MSRP.
Nvidia GeForce RTX 3000 series GPUs still have an average price 2% above manufacturer-suggested levels. High-end models like the RTX 3090, RTX 3090 Ti, and RTX 3080 Ti are now selling at a modest discount ranging from 8-16%. However, low-end and mid-range models still sit above MSRP, including the RTX 3070 (non-Ti), which is now nearly two years old.
With Ethereum prices now plummeting, some believe we may soon see miners selling GPUs in spades on the used market. With a little TLC, most of these cards will be able to work inside gaming PCs, but they do come with the risk of failure due to passive components that have been put to work 24/7 for testing purposes. ‘mining.
Either way, prices for old and new graphics cards are expected to drop further in the coming months. There are variations between regions and even between retailers/vendors within the same region, but the trend is seen worldwide.
Our June 2022 GPU pricing and availability update will arrive later this week, so be sure to check that out for a more detailed look at the current state of the graphics card market.