Thursday, June 17th 2021
Secondary Market GPU Pricing in Downtrend, Better Times to be a Gamer May be Ahead
Millions of bytes have been written regarding the current GPU market conditions already, which pairs strained logistics channels due to COVID-19 with increased quarantine-fueled demand by gamers - while also throwing in semiconductor manufacturing woes, miners, and scalpers. All in all, it seems that miners and scalpers managed to get their hands on roughly 25% (around 700,000) of distributed current-gen graphics cards during Q1 2021 which, for some reason, seems much lower than the general perception on their impact on this market.
With that said, Reddit user @gregable aggregated daily pricing for GPUs on Ebay and then calculated the GPU's $/hashrate for Ethereum mining. With hashrates remaining steady for graphics cards, this effectively establishes a price trend for GPUs. The news are good, for once: prices are falling, with the average $ cost per MH falling from $26 on May 16th down to $20 as of yesterday. The move is supported mostly by price drops on high hash-rate graphics cards such as the RTX 3090 (a 32% price drop during this period) and RTX 3080/RTX 3070 graphics cards (which dropped by 25%).
That these are the cards being flipped the most at this point in time makes sense for two reasons: ETH 2.0 being around the corner, which will render Ethereum mining obsolete, and the relative improvement in graphics cards' availability, which helps bring prices further down. Since these are the costliest graphics cards, and present the greatest investment risk should their cost not be recouped via mining, miners are offloading these first, in an attempt to make up for their investment and/or to still get some $ in while pricing is still high. Summer might bring in added demand from the consumer market for GPUs, and then there's the backlog of orders that still have to be served and which will keep availability lower than usual, but it seems things are generally improving for the average gamer.
Source:
Tom's Hardware
With that said, Reddit user @gregable aggregated daily pricing for GPUs on Ebay and then calculated the GPU's $/hashrate for Ethereum mining. With hashrates remaining steady for graphics cards, this effectively establishes a price trend for GPUs. The news are good, for once: prices are falling, with the average $ cost per MH falling from $26 on May 16th down to $20 as of yesterday. The move is supported mostly by price drops on high hash-rate graphics cards such as the RTX 3090 (a 32% price drop during this period) and RTX 3080/RTX 3070 graphics cards (which dropped by 25%).
45 Comments on Secondary Market GPU Pricing in Downtrend, Better Times to be a Gamer May be Ahead
Both NVIDIA and AMD have nothing in this segment right now and I refuse to have a heater in my PC thank you very much (which also necessitates a much more powerful PSU than I have right now).
Yeah, I know, I can limit the graphics card power consumption but I don't understand why would I overpay for something I don't actually use.
Maybe when the duo upgrades to 5nm we'll again have powerful midrange cards akin to RX 5600 XT or GTX 1660 Ti.
I mean, I had sold a GTX 550 Ti 7-8 years ago for less than what they ask now. It's ridiculous.
trog
"How much of an impact did cryptominers have on the graphics card market during the first quarter? Quite a lot, according to a new report. It’s estimated that 700,000 high-end and midrange gaming cards that shipped in Q1 went to miners—about $500 million worth of product.
Analyst Jon Peddie Research writes that those figures mean 25% of all graphics cards shipped between January and March ended up being used to mine crypto. The company looks at the attach rate of AIBs (add-in boards) to PCs, which had fallen as low as 25% before recently jumping to 50%, and uses the difference between the trending normal attach rate and the current rate to calculate the mining use of AIBs."
One source says 700,000 GPUs in the first quarter or 25% of GPUs in the first quarter (techspot) and another says just 700,000 GPUs or 25% of GPUs (techpowerup).
A few words missing or added can make a world of difference in a story that's written.
In fact, a lot of other tech sites are reporting the same story and it appears they're also including "first quarter" in their story and/or title, here are a few that pop up right away:
extremetech.com
tomshardware.com
guru3d.com
Here's the original story from JPR should anyone want to read it in its entirety on their own.
I don't care if the card "only" sat at 60% load for X amount of months. Enjoy it :laugh:
They can at least drop the prices to MSRP, they have made more than enough in previous months to offset this shit show they created. :mad:
Then you get these people that have the audacity to say "These shortages were not caused by miners" Oh give me a break. :roll:
"It's not miners' fault!" :roll: :laugh:
People apparently are so hard up for GPUs, so much so that they'll buy a last gen GPU for almost $200 over its original MSRP. Don't get me wrong, I'm really looking for a new GPU myself, but not at the prices things are still at.
how about overkill prices then?? ;)TBH I think 4GB is fine for 1080p and for the budget/market segment even for today’s standards. Those cards won’t can’t do max settings therefore will use less ram because of that.
W1zz should add a few gpuz ram usage at max and min settings just to see the % mem used difference.
When I upgraded from my 980ti to 1080ti I had considered SLI'ing my 980Ti -- until I saw the power requirements.