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
Every ecosystem growth and shrinks over time, leading to that the nature, our planet fluctuates around a balance.
Preaching everlasing growth, leads to irreversible exploitation.
Bitcoin is like the habituation phenomenon in drug addiction disease, where it take more and more to get a high. ... in this case until the nature dies.
The next step in evolution will have to include an adjustment of that instinct. Or a new way to use it.
I doubt even nature can deal with the plastic disaster Millenials have inherited from the boomers.
To this day, people still don't understand the concept of "money cannot buy happiness". It's ridiculous.
Its not like we're going to live less busy lives...
We are all busy except the cat, who has delegated the task of ruling the multiverse to lesser mortals.
We recycle almost everything especially since viewing The War on Waste.
Back on topic we even eke out the maximum life from a GPU. We are very skilled in avoiding being sheared in Australia.Ibut you can be really comfortable, with air-con, OLED, Tesla, solar, single malt, grande cru, bespoke, meaningless existence with a mensa, hyper-model partner. :D
The first comment was a failed attempt at minimalism. The correct answer was:
Please don't think my humor trivializes the seriousness of the issue. If you can't laugh, you would cry.
My bank account is a contract between myself and, largely, the state.
It is needed for any financial system to function.
It works dayum good too. Nobody doubts its value. It is one hell of stable.
I can use it in all imaginable types of financial operations with ease.
Your crypto is a vapour with exactly zero intrinsic value, with exactly NOTHING about it being guaranteed by ANYTHING.
The shit is so clumsy, it cannot be used for normal financial transactions, essentially, the only type of activities it supports is crypto gambling between participants in the financial bubble.
As long as demand exceeds supply this process will continue and retail/consumers will get table scraps; We know there are ongoing supply problems, and we know that crypto demand is far higher than gamer demand - and crypto demand has just ramped up again. I am a small-time hobbyist miner and I have 24 reference-design RX 5700 cards. That's 24 cards that didn't go to gamers; Now understand that people like me are a trivial, negligible bump in the road compared to the tens of millions of GPUs being intercepted before they even reach the retail channel.
The only new gen cards I was interested in is RTX 3060 or maybe a 6600 XT but that was kinda a last option but apparently both are stupid overpriced.
I'm not willing to pay more than 500$/Euro for ANY card and both of those cost quite a bit higher than that.
Moot point anyway but thanks for the idea, I have my 'new' card now and its enough for all my gaming needs currently and for the foreseeable future. :)
+ I'm not looking for a Gpu anymore.
Aint dealing with such methods either.
Good for you if you got your card that way but its not my cup of tea.
I'm sorry to say, but the rest of the GPU market i screwed, until ETH goes Stake.
Since there is no 3060 FE model, Nvidia won't sell any of the 3060 GPUs at MSRP ($329). Any other place I've seen other AIB list 3060 cards, they're easily $450+. If you see a 3060 from EVGA at Micro Center, they should be priced right at that $400 area and it might be the best price you'll find for a 3060 anywhere.
Take your side arguments to PMs; or, a thread in the appropriate forum.
Not everyone is fine a cheap ass noisy cooler.
When viewing the weekly chart of BTC, "from my perspective" and five decades of experience under my belt tells me prices in graphics cards are simply "following the trend". As long as BTC rolls over here(and I believe firmly that it will), graphics card prices are ready to tumble in price. I expect severe price shocks...to the downside. When everyone is expecting inflation...when there is none...deflation is right around the corner. Supply shocks are not inflation, nor are they inflationary. Nothing but temporary supply disruption, exacerbated by "perception" of future price increases.
What about all of this demand Liquid Cool? It will dry up immediately.
It's happening right before your eyes, just wait a little while longer. Not much time left here.
For those in need of a Graphics Card, one word...
Patience.
Liquid Cool
P.S. When I woke up this morning...I wasn't sure if I was dead or alive. At least it felt that way. When I read a comment from a poster about "recent price stability in crypto currencies" in this thread it gave me a good chuckle and lifted my spirits. I fight on for one more day! Thanks to you! Appreciative...:).
This would have been an identical repeat of the 2017 situation and by now mining would have been completely dead if it wasn't for the fact that the crash happened before BTC actually became overvalued as it did at the end of 2017. So now we got a second run.