GPU sell-off wave! The price of high-end graphics cards fell to a record low after the merger of Ethereum

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GPU sell-off wave! The price of high-end graphics cards fell to a record low after the merger of Ethereum
Blockonomics


After the completion of the Ethereum merger, the demand for high-end GPU graphics cards in the market has dropped significantly recently, and the price has also reached a new low. (Recap:The big brother “EVGA”, the graphics card scalper, left the game with hatred, and the official announced the termination of the 22-year cooperation with NVIDIA) (background supplement: NVIDIA released “RTX 40 series” graphics cards, listed in mid-October; netizens complained: Lao Huang opened sky-high prices)

byAfter the completion of The Merge in the middle of this month, it was officially announced that it would switch from a proof-of-work (PoW) to a proof-of-stake (PoS). Significant reductions, all major GPU prices have recently hit record lows.

According to the latest GPU price tracking report released by foreign media “TechSpot” last week, the lowest price of the RTX 3090 Ti and RTX 3090 in September both came to around $1,000, setting one of the largest drops in the history of NVIDIA graphics cards:

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RTX 3090 Ti (suggested price $2,000) / September minimum price of $1,030, down 24% compared to August RTX 3090 (suggested price $1,500) / September minimum price of $960, down 21% compared to August

Source: Techspot

Chinese graphics cards also face sharp price declines

On the Chinese side, the South China Morning Post reported that heavy demand from miners had seen sellers of Nvidia’s GeForce RTX 3080, RTX 3080 Ti and RTX 3090 sell for three times the suggested retail price in the past; but with the arrival of the merger, Prices have fallen significantly over the past few months, and those crazy days are over.

The report interviewed a retail store in Shanghai. A businessman surnamed Peng who sells display cards said that in the past three months, the RTX 3080 has plummeted from about 8,000 yuan to 5,000 yuan, a drop of nearly 40%.

When the mining wave is at its peak, people from mining companies will walk into the store with cash and wipe out all the graphics cards in our store…but now no one is buying a new computer because of the coronavirus, let alone a new GPU.

Another businessman surnamed Liu, who also sells 3C accessories in Shanghai, also said that the graphics card price has reached the lowest point, and some models have even fallen below the suggested retail price:

I have a client who bought an RTX 3080 late last year for $9,400 and now he has to sell it for less than half the price.

In addition to the price collapse, the businessman surnamed Peng also pointed out the hidden worries that may be brought about after the mining accident. He said that a large number of second-hand graphics cards (sent to the original factory for repair) may be released soon, but these cards are running at full load when doing mining work, and there are likely to be some problems, such as the possibility of a sudden system crash. Any PC consumer wouldn’t want to buy them, but it’s hard to tell by the looks of it if it was ever used for mining?

Second-hand graphics cards sold in Taiwan

In Taiwan, if you search the price of some used graphics cards auctioned on the Internet, you can see about 30~40% discount. For example, referring to the picture above, the lowest price of RTX 3070 in September is $500, which is now NT$15,900, and the seller’s selling price is NT$11,000.

Source: Facebook Display Card Auction Society
Source: Facebook Display Card Auction Society

📍Related reports📍

Buyer “frequency difference review” the graphics card that has been mined, the miner’s big sale failed! RTX 3080 plummets to $15,800

The 100 billion mining market is about to be stripped. What are the PoW projects that benefit from the merger of Ethereum?

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