Tom’s Hardware has closely followed the price decline over the last several months and noticed that last month, prices dramatically fell for AMD & NVIDIA GPUs in the used marketplace, from sites like eBay. Last month, the used market witnessed a fourteen percent decline, with seventeen percent falling on the latest generation graphics cards, like NVIDIA’s RTX 30 series and AMD’s RX 6000 series. The retail markets have seen a less dramatic decline, only a three percent drop from the previous month. Currently, a user can go into the used marketplace for a graphics card and see a plethora of options, from gamers who purchased their GPUs at excessive amounts during the shortage to crypto miners trying to reclaim their return on investment from the rigs created. Tom’s Hardware tabulated a list of NVIDIA’s low-performing to mid-performance graphics cards and the AMD identical cards to show the change in pricing in both retail and used marketplaces. Readers should note that a majority of these cards were released during the shortage, and the prices were already higher than the estimated manufacturer’s retail pricing. The website notes, “Total card sales for both previous- and current-generation GPU were down compared to May, which isn’t surprising, as the lower prices mean there’s less enticement for people to try to offload older hardware.” Another interesting note from the article is looking at the Ethereum network hash rate during that time. The hash rate rose from 228.2 TH/s to 1126.7 TH/s between September 2020 to May 2022. The total increase is around 898.5 TH/s, which, when considering the amount of graphics cards used to mine that number, is quite frankly, astronomical. News Sources: VideoCardz, Tom’s Hardware
