It’s no secret that the emergence of mining has turned the gaming graphics card market upside down, as it has transformed what were once objects of consumption into means of producing capital when used to mine. cryptocurrencies. This has increased the subjective value of graphics cards as they have become a straightforward way to get a lot more money than they are worth. This has resulted not only in over-demand for each of the graphics cards on the market, but also an innovation in their value which has caused a huge price increase.
Because such an opportunity doesn’t present itself twice, GPU makers and assemblers have started to divert the flow of their offering to miners, willing to pay much more. An opportunity that they could not miss due to the fact that the momentum of it might wear off quickly. Well, according to the latest data, graphics card prices are down from a few months ago and everything points to the beginning of the end of the mining bubble.
The price of GPUs down in recent weeks
The first information comes from the prestigious German site 3DCenter, which carried out a study of the evolution of prices on the German and Austrian markets and was able to observe a curious evolution of the price of graphics cards from NVIDIA and AMD These last months. Data that has been compiled into a graph where you can see the price difference at any time from the MSRP which is the equivalent of the recommended retail price and as you can see there has been a price drop significant in recent weeks.
In May, we saw the introduction of the RTX 30 LHR by NVIDIA as well as a drop in the value of cryptocurrencies which are the sources that caused the price of graphics cards for sale to drop. Although graphics cards are still expensive, we went from a price of 304% of the recommended retail price to one of 150% in a few weeks. So that means that the price of gaming graphics cards halved in just over a month, although they’re still above NVIDIA and AMD’s suggested retail price.
Despite this, now is not the best time to buy
Despite the fact that the price of GPUs is dropping, however, the conclusion of the folks at 3DCenter on the situation is worth considering.
Of course, this means that the current retail price of graphics cards is, for the most part, still exaggerated. And above all, this is the worst time to buy a graphics card. Because, and now this is true, the trend clearly points to a drop in the prices of graphics cards in the coming weeks, since at similar speed, street prices may be in sight (equivalent to the recommended retail price) in 3 at 4 weeks. It is possible that there is a slowing effect on the lower price movement.
If the trend continues like this in a month, the price of GPUs will normalize. Which in theory is fine, the problem comes in the next part of your conclusion:
Apparently the shipping stock (to sellers) at the moment is sufficient, maybe the need is a little smaller since it is summer, so sellers receive more cards than they can sell. Since sellers bought their cards from ATMs at an inflated price. The game is now on who and how to get rid of a stock of products on time take advantage of it amid steadily falling prices.
That is, it was the manufacturers and assemblers of graphics cards who raised and dictated the price of graphics cards in a fully controlled market. Which is normal, it doesn’t make sense to sell something for a price so that the next link in the chain will sell it for a lot more. This is money lost to them, so they will do everything possible to slow down the price drop as much as possible and thus lose less money. So now is not the right time to buy a graphics card.
