Monday, August 30th 2021
GPU Market Pricing Back in Uptrend, Shattering Expectations of Price Normalization
According to the latest market pricing analysis conducted by 3DCenter, the falling GPU prices we reported two months ago are now in the midst of a reversal. The latest figures show an increase in average pricing for both AMD's RX 6000 series and NVIDIA's RTX 30-series graphics cards. The hike has been most felt on the NVIDIA camp, with average pricing increasing around 9%, while AMD graphics cards saw an increase of 6%. This places the latest pricing average for graphics cards from both companies at 59% above MSRP for NVIDIA, and 64% for AMD.
While the increase is still a far-cry from the ridiculous markups felt during the month of May (where NVIDIA graphics cards were being sold at an average 304% of their MSRP value and AMD's where going for around 202% of their MSRP), this trend reversal is a clear indicator of a continued inability to cater to the pent-up demand that's still being trickle-filled since the original release of these GPU families. And this happens despite numerous positive signals happening within the last few months, such as the crypto crackdown in China, which saw hundreds upon hundred of mining-bound graphics cards being resold towards the secondary market. Also of note for an eventual positive price action was the recent reduction in Ethereum profits for miners due to the implementation of Ethereum's EIP-1559 proposal - which has already seen 136,619 ETH being burned as a part of transactions run on the network - the equivalent of $433,768,155 at current ETH pricing. And with news that shipments of NVIDIA's RTX 3060 and 3060 Ti graphics cards will be halved throughout September, paired with a TSMC price hike for newly minted wafers, it seems that an upwards pressure on GPU pricing is inescapable.
Sources:
3D Center, via TechSpot
While the increase is still a far-cry from the ridiculous markups felt during the month of May (where NVIDIA graphics cards were being sold at an average 304% of their MSRP value and AMD's where going for around 202% of their MSRP), this trend reversal is a clear indicator of a continued inability to cater to the pent-up demand that's still being trickle-filled since the original release of these GPU families. And this happens despite numerous positive signals happening within the last few months, such as the crypto crackdown in China, which saw hundreds upon hundred of mining-bound graphics cards being resold towards the secondary market. Also of note for an eventual positive price action was the recent reduction in Ethereum profits for miners due to the implementation of Ethereum's EIP-1559 proposal - which has already seen 136,619 ETH being burned as a part of transactions run on the network - the equivalent of $433,768,155 at current ETH pricing. And with news that shipments of NVIDIA's RTX 3060 and 3060 Ti graphics cards will be halved throughout September, paired with a TSMC price hike for newly minted wafers, it seems that an upwards pressure on GPU pricing is inescapable.
88 Comments on GPU Market Pricing Back in Uptrend, Shattering Expectations of Price Normalization
I have officially given up on getting a new card.
Hopefully Intel will make a dent in prices, and the 4000 series will be cheaper.
Even if you get it this gen, we're already late in it while the price hasn't moved along with its age. F that, its Turing SUPER all over again minus the better offer. Remember what happened to that 2080ti price point. Remember it well ;)
Why are we not talking about Hardware Unboxed's video on factors of Gpu prices
especially the poll ?Gamers can't take responsibility for the problem?
The people who think they're the least problem are actually most problem
I know there are going to be slow downs when people catch Co-vid19 but, we should be able to keep running with out problems.
At this point it really almost seems like price fixing.
Done waiting for this crap when its not getting any better especially where I live.
I paid around the relase MSRP price for this 1070 but considering everything its was actually a decent deal here 'and yes that sounds bad cause it is..'.
So ye now I'm gonna sit this whole crazy times out with this and stop caring about it, heres hoping it wont die on me until then. :oops:
Its also kinda funny that I sold my RX 570 for almost the same money as what I paid for it in 2018 and this was only a 4GB model, ofc I'm not complaining but thats just shows how bad this is. :laugh:
The network hashrate is a measure of total GPU power of all ETH miners globally, and it is now higher (so more GPUs are mining) than the highest peak in May that really made the GPU prices go from bad to crazy:
Gamers will buy one, maybe two cards.
Miners will buy typically dozens of cards, but sometimes tens of thousands; I read an article this morning about a farm that had almost half a million GPUs returned to it after a legal battle. That's half a million GPUs for just one miner.
www.theblockcrypto.com/post/115788/china-supreme-court-genesis-mining-gpu-crypto-miner