According to a recent report from Tom’s Hardware, prices for Nvidia RTX and AMD RX cards have started to come down in price, with some showing a 10% decrease since December 2021. On average, it looks as though most of the current graphics cards on the market are dropping by 5%, if not more. The reason for this, it seems, is that Bitcoin and Ethereum are at record lows, with coin values dropping by 50% of their highest values.
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While there is still a long way to go, GPUs such as the Nvidia RTX 3090, probably one of the most powerful cards on the current market, has dropped in price by nearly 10%, and has sold more since last December. However, the report goes on to say that the “star of the show” is the AMD RX 6600, which saw a decrease of 11.6% going from $586.89 to $518.66, which is nearly $70 cheaper than it was at the end of 2021. In general, it’s looking like good news for those who have been waiting for the cost to come down on GPUs, but it is still early days yet.
Given that some Nvidia 30-series cards have gone up in parts of Europe, potential customers should continue to keep a watchful eye on the market, especially outside the US. With cryptomining currently experiencing these lows, prices may continue to drop slightly if this trend continues. But it is worth pointing out that they are still above their MSRPs, and it’s not certain what things will look like in the near future.
Cryptomining is still having a negative effect on GPUs, but it seems that things may start to improve. At this time, Nvidia and AMD graphics cards are still more expensive than they should be, and stocks are still low, but some may take this information and see it as a tiny sliver of hope.
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Source: Tom’s Hardware
