Radeon RX 6000 and GeForce RTX 3000 board prices sink to promising new levels
A report published by 3DCenter has spelled some good news for the GPU-hungry gamers of Austria and Germany. According to the report, the prices of the RTX 3000 series GPUs have dropped as much as 20% since January. They now sit at 157% of MSRP down from 177% a month ago. The same goes for AMD Radeon RX 6000 cards. Prices of team Red’s GPUs have fallen 18% to 145% of MSRP down from 163% in a couple of weeks. The price for AMD’s RX 6000 GPUs now sits close to a 13-month low.
While the GPU prices have come down, availability has increased tremendously since last year. As seen in the report, GPU availability is now at its highest since 3DCenter started tracking the metric. The rise in GPU availability can be attributed to the release of low-end cards like the RX 6500 XT and the RTX 3050 and the drop in the price of ETH.
The current GPU price correction seems to be largely fueled by the recent crypto crash. As we’ve seen in the past, GPU prices follow ETH’s price action. So, when ETH is going up in value, mining profitability also increases which prompts miners to buy more cards. The reverse happens when the price of ETH falls. Miners try to cut their losses by selling the cards on the used market which increases the supply and hence the prices fall.