If things continue to go as planned, consumers may finally be able to find the best video cards at the most reasonable prices. Obviously, by “more reasonable” we mean prices lower than the current ones, definitely excessive, but we will have to wait a little longer before finding the products at their recommended price.
According to the latest figures recently released by Germany’s 3DCenter, graphics card prices have plummeted in Germany and Austria in the past two months. NVIDIA’s GeForce RTX 30 series graphics cards (based on the Ampere architecture), which hit a record + 304% in May, dropped to 153% this month. In addition, AMD’s Radeon RX 6000 (Big Navi) also recorded a drop from 214% to 153%.
As you can see from the 3DCenter chart, prices started to drop in June when Bitcoin and Ethereum suffered heavy losses in their values. The Chinese government’s actions in cryptocurrency mining farms have played an important role, forcing many large miners to move elsewhere, while smaller ones have flooded the market with their used graphics cards. As a result, card prices in China fell by nearly 45% in May.
In addition to the decline in the value of Bitcoin and Ethereum and the Chinese situation, NVIDIA also got a hand, launching Lite Hash Rate (LHR) versions of its video cards, helping to drive prices down further. Several retailers and scalpers continue to sell products at absurd prices due to the shortage. However, stocks have improved as consumers don’t have to fight with miners as well.
Assuming nothing significant affects this trend, graphics card prices are expected to continue falling to similar levels in January by August. This, however, does not mean that we will see recommended prices around. Prices at the beginning of January also had a 27% (NVIDIA) and 40% (AMD) increase over the standard prices. 3DCenter data only shows price behavior in Germany and Austria, but we expect other markets to follow similar behavior as well.
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