news hardware Graphics cards: The cryptocurrency crash makes gamers happy
The crypto crash that is currently rocking the world of cryptocurrencies is not only making people unhappy. In just 15 days, we’ve seen a significant price drop on most Nvidia GeForce RTX 3000 and AMD Radeon RX 6000 graphics cards, to the delight of gamers who have been waiting for it for almost two years.
A few months before the release of the RTX 4000 and Radeon RX 7000, the price of graphics cards is gradually returning to normal
Flashback, it’s September 17th, 2020 and today the RTX 3080 is released, a tech monster that will make the whole world say that Nvidia has skipped two generations at once with its new RTX 3000 graphics cards.
Such is the excitement that pre-orders are slamming and tickets are selling out fast, blaming a Covid epidemic that will forever change the face of the world, both from a health and logistical point of view. in all areas and especially in Tech.
But another growing phenomenon is also at the origin of this unprecedented shortage of inventory, cryptocurrency mining. This practice is even considered THE main reason for the lack of availability and the very significant price increase (some models were traded at two or three times the recommended retail price, the famous RRP, until recently).
Bitcoin price crashes, graphics cards revert to original price
It must be said that the calculation is done quickly, without computer skills it is possible to subvert your graphics card and make it profitable within a few months. Some therefore industrialized this business and thus the famous mining operations were born.
But lately, the price of cryptocurrencies has collapsed, bitcoin has lost more than 60% of its value, others, like Terra Luna, have completely disappeared from circulation…
Of course, the attractiveness of mining has fallen, demand for graphics cards has fallen, inventories have risen, and prices have fallen. The famous law of supply and demand. Additionally, as we weigh the impending release of the next RTX 4000 and Radeon RX 7000 series, all the lights are almost on green for a return to normal for current generations.
Source: VideoCardz
This was observed by our colleagues at Tom’s Hardware, reported by VideoCardz, who saw a significant drop in both the new and used markets for all current cards, as you can see in the table above.
If you’ve been waiting 2 years for the Grail, your wait is over! Step up to an affordable RTX 3000 or wait for the RTX 4000s? That’s another question…
