Big picture: Cryptocurrency winter spells terrible news for everyone who builds a rack on top of a mining rig rack. For gamers, it creates the right conditions for price competition between retailers and miners. At least in China, GPU prices are totally below MSRP, and it’s only a matter of time before this becomes a global trend.
Price of used graphics card fell Recently, the profitability of crypto mining has dropped sharply, mainly to 50%. Companies like Asus have seen demand for GPUs used to mine Ethereum and other tokens. Decrease To the point where there is no impact on profits.
Analysts say Ethereum miners Consumable For about $ 15 billion in the last 18 months, we’ve earned more than one-third of all GPUs available from Nvidia’s RTX3000 series and AMD’s RX6000 series. Currently, they are trying to sell them as soon as possible before the price reaches the lower limit.
As expected, this flooded the used market with used Ampere and RDNA2 cards while retailers were keeping a healthy inventory of new cards. Gamers don’t have to rush to buy the current model as the next generation of graphics cards will be available soon. Some of them are almost two years old.
In China, this is causing price competition between retailers and miners. Both have gradually lowered their prices over the past few weeks. According to a Baidu forum post, the average selling price of GPUs in the region is drop It is about 20% lower than the suggested retail price.
Nvidia’s RTX3090 and RTX3090Ti are priced 29% and 38% lower than the manufacturer’s recommendations, respectively. So the RTX 3090 Ti sells for about $ 1,415. It’s still expensive, but much more affordable than it was a month ago. The Founder’s Edition model is currently $ 1,600. Best buy — Another sign that cryptocurrency winter is putting significant downward pressure on GPU pricing, especially for high-end models.
Some of the same trends have been observed with AMD cards. Team Red usually sets the price of the GPU low, but even the powerful RX 6900 XT is 37.5% cheaper than the MSRP.
Overall, Bargain GeForce or Radeon GPUs are still heavily dependent on your area and whether you have an urgent need to upgrade or replace your GPU. If you can wait, prices may drop further in the coming months.