A report examining price trends in the GPU market shows little sign of improvement, with some graphics cards now costing nearly double their retail cost.
as per latest Survey By 3DCenter, while prices for some AMD graphics cards have come down marginally over the past few weeks, the cost of most cards has gone up once again. AMD’s RDNA 2 GPUs are now 90% more than the manufacturer’s suggested retail price (MSRP), with Nvidia’s Ampere-based lineup 95% above the MSRP.
From October 10th to October 31st, the average price for the AMD Radeon RX 6000 Series increased from 183% of MSRP to 201%. During the month till November 21, it fell to 190%. This is the first reduction in the prices of 6700XT, 6800, 6800XT and 6900XT GPUs since July. Still, the fact remains that the MSRP for those cards has nearly doubled due to low stock quantities.
Meanwhile, the average price for Nvidia’s GeForce 30 series has hit its highest point since early July. The cost of the 3060, 3060 Ti, 3070, 3080 and 3090 GPUs has increased from 188% of the MSRP in October to 195% of the MSRP so far in November. While these video cards are still pretty expensive, those price points are a far cry from May 2021, when it cost 304% of the MSRP.
The availability level for both AMD and Nvidia GPUs remains unchanged as of October. The 3DCenter report is based on the German market, but a quick look at third-party markets such as eBay shows how widespread price increases are in other major markets such as the US and UK.
In addition to both supply issues and the intense demand affecting the current market, an unavoidable factor behind the rise in prices for GPUs can be attributed to cryptocurrencies. The recent resurgence in the crypto space has caused miners to join scalpers in contributing to such cost increases. It’s not just gamers who rely on graphics cards; Miners can also harness the power of the GPU for cryptomining purposes,
With this in mind, 3DCenter has added a new feature to its charts that highlights the price levels of Ethereum. Unsurprisingly, the coin’s performance has been matched by a rise in prices for GPUs.
Going forward, don’t expect prices to normalize until 2023 at the earliest. Nvidia believes current GPU shortages will continue through 2022, while Intel says that there will be no supply-demand balance until 2023. Meanwhile the only silver lining for consumers is cards like Intel’s rumored sub-$200 Arch Alchemist GPU., Nevertheless, scalpers will in all likelihood target that product as well.