Cheaper graphics cards with the crypto crash?
There may be a silver lining to the dark cloud represented by the recent cryptocurrency crash. The prices of gaming equipment manufactured by NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) finally seem to be down thanks to crypto.
The fall in prices of Bitcoin (CRYPTO: BTC) Ethereum (CRYPTO: ETH) by 50% of their November value leads to an erosion of the prices of graphics cards (GPUs) used for video games.
Tom’s Hardware collected price data during the week of late December and compared it to last week. In comparison we see the average prices of the graphics cards indicated on eBay Inc. (NASDAQ:EBAY). We watched the prices of AMD and Nvidia in particular.
An Nvidia GEForce RTX3080 from 10 GBwas worth an average of $1,804.28 between December 20-27 on eBay, it sold for $1,595.41 in the week of January 17-24 – a drop of 11.6%.
Here too Radeon RX6600 AMD saw a price drop of 11.6% over the same period: the price of the graphics card fell from $586.89 to $518.66.
In terms of 1080p gaming performance, the RX 6600 rivals Nvidia’s graphics card RTX-3060 from 12 GB and it’s just 4% slower (in games without ray tracing), according to Tom’s Hardware.
On eBay, the 12GB RTX 3060 goes for $705, which is significantly higher than AMD’s offering, according to the data.
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Because it matters
On average, almost all graphics cards have lost 5% of their price, while according to data from Tom’s Hardware the RTX 3090s, 10GB RTX 3080s and RX 6600s have fallen by more than 10%.
The number of graphics card sales also took a hit; the drop is generalized, with a few exceptions represented by the RTX 3090 and RTX 3070Ti.
Last year, Nvidia introduced graphics chips for cryptocurrency mining; During previous crypto bulls, a boom in the demand for graphics cards was observed, followed by a subsequent decline.
According to Tom’s Hardware, if the crypto decline continues and graphics card production increases due to the ever-decreasing shortage of ABF substrates (a key element), it is predictable that graphics card prices will continue to fall.
During this time, intel company (NASDAQ:INTC), AMD’s rival company, last week declared plans to unveil an energy-efficient Bitcoin mining chip.