Seeing is believing, but it’s true: the RTX 30 and the RX 6000 they begin to lower their price, curiously pushed by another drop in Ethereum. It went from numbers that seemed like a 200% markup to more “interesting” numbers (let’s get a laugh here) 177% and 167% respectively. Trend or effects of poorly planned speculation?
The problem of speculation and players
There is no doubt that given how the stock of graphics cards is increasing today where NVIDIA and AMD are struggling with TSMC and Samsung to fill the shelves, this fact does not directly affect the price of GPUs.
That is, is the stock going up and the price going up? Well, we experienced this paradox that has been used many times as a double-edged sword, and there was some truth to it, but that wasn’t the point. November marked a +183% in NVIDIA and +178% in AMD
The explanation has nothing to do with the MSRP, nor the stock nor any factor added to these, although NVIDIA raised the price of its Founders Edition graphics cards this weekend, but no, the only tangible reason to explain the rises and falls is the value of Ethereum or high yielding cryptocurrencies. In other words, the value of the cards is purely speculative.
Inflation, Bitcoin and Ethereum
In the middle of the evolutionary process of inflation in half the world, with increases in interest rates on fixed income securities, they make a terrible dent in highly volatile or speculative values. bitcoin falls a 50% on average
Why does this happen? Well, largely because investors want to protect themselves from the inflation crisis and have taken their money out of cryptos to seek refuge in safer and possibly profitable securities if this continues.
Therefore, one would think that at least 50% of the increase in graphics cards is associated with what was explained above about this speculation, but it does not work like that. The average miner assumes that when the coin drops, they have to buy and expand the rigs to get more future profitability.
The problem is that in June Ethereum switches to the model of proof of stake and a scare of miners to other cryptocurrencies is to be expected, if they haven’t already. Therefore, if the situation continues like this (everything indicates that it will, at least for a reasonable time), the value of graphics cards should gradually decline until they reach a lower cost.
In any case, it is excluded that they reach their MSRP value, it is pure fantasy today and only a debacle would allow it, perhaps the fact that countries ban mining because of its costs energy and its impact on CO2 footprint, which costs billions a year that governments do not want to pay so that others can enrich themselves through pure speculation. Place your bets…
