After months of Graphics Processing Unit (GPU) scarcity and their skyrocketing costs, there are indications within the European market that the disaster could also be nearing its finish. A brand new report reveals that the costs of AMD and Nvidia graphics playing cards have fallen by practically 50 p.c in Europe. Not simply that, on the subject of availability, a spread of GPU fashions are up for grabs as properly. Although the costs of graphics playing cards are nonetheless on the upper aspect, the brand new report exhibits that the market could possibly be recovering.
One of many causes for the autumn in costs of graphic cards could possibly be the autumn in values of widespread cryptocurrencies corresponding to Bitcoin and Ethereum. As of 5:42pm on June 25, Bitcoin price in India stood at Rs. 24.83 lakhs and Ether price in India stood at Rs. 1.40 lakhs.
Based on a report by Jon Peddie Research, earlier this 12 months, about 25 p.c of the graphic playing cards had been purchased by cryptocurrency miners. However of late as the costs of the favored cryptocurrencies fell, the variety of graphic playing cards required by miners may have lowered, bringing down the costs.
The value of RTX 3060, a Nvidia gaming console powered by AMD hardware, dropped from EUR 949 (roughly Rs. 84,000) to EUR 639 (roughly Rs. 56,600), whereas the RTX 3070 fell from EUR 1,499 (roughly Rs. 1.32 lakhs) to EUR 999 (roughly Rs. 88,500), acknowledged a report by Digital Trends. The RTX playing cards witnessed a big improve in stock as properly. The RTX 3060 playing cards at the moment are obtainable in 24 fashions as in comparison with simply 5, whereas the RTX 3070 has jumped to 26 fashions from simply 4 a month in the past.
The Digital Traits report additionally says that whereas the US market may even see extra playing cards obtainable within the market, they’re more likely to be priced increased than the producer’s steered retail worth (MSRP). The rationale? Hefty tariffs on these playing cards imported from China.
Nonetheless, costs of the second-hand graphic playing cards are falling. Based on a Reddit consumer u/gregable, who posted a graph with then GPU worth pattern chart from the start of the 12 months, there is a decline within the present worth of playing cards.
Based on his publish, he “pulled each day common offered costs for a bunch of GPUs on eBay.”