Monday, August 30th 2021

GPU Market Pricing Back in Uptrend, Shattering Expectations of Price Normalization

According to the latest market pricing analysis conducted by 3DCenter, the falling GPU prices we reported two months ago are now in the midst of a reversal. The latest figures show an increase in average pricing for both AMD's RX 6000 series and NVIDIA's RTX 30-series graphics cards. The hike has been most felt on the NVIDIA camp, with average pricing increasing around 9%, while AMD graphics cards saw an increase of 6%. This places the latest pricing average for graphics cards from both companies at 59% above MSRP for NVIDIA, and 64% for AMD.

While the increase is still a far-cry from the ridiculous markups felt during the month of May (where NVIDIA graphics cards were being sold at an average 304% of their MSRP value and AMD's where going for around 202% of their MSRP), this trend reversal is a clear indicator of a continued inability to cater to the pent-up demand that's still being trickle-filled since the original release of these GPU families. And this happens despite numerous positive signals happening within the last few months, such as the crypto crackdown in China, which saw hundreds upon hundred of mining-bound graphics cards being resold towards the secondary market. Also of note for an eventual positive price action was the recent reduction in Ethereum profits for miners due to the implementation of Ethereum's EIP-1559 proposal - which has already seen 136,619 ETH being burned as a part of transactions run on the network - the equivalent of $433,768,155 at current ETH pricing. And with news that shipments of NVIDIA's RTX 3060 and 3060 Ti graphics cards will be halved throughout September, paired with a TSMC price hike for newly minted wafers, it seems that an upwards pressure on GPU pricing is inescapable.
Sources: 3D Center, via TechSpot
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88 Comments on GPU Market Pricing Back in Uptrend, Shattering Expectations of Price Normalization

#26
Chrispy_
3080Ti probably isn't the example to use in a thread about price normalization, since it was launched at the height of the pricing madness and as a result its MSRP is offset to siphon markup to Nvidia instead of scalpers.

The 3080Ti's MSRP is crazy at 71% more than the regular 3080's MSRP, for a card that is barely 7% faster.

If prices return to normal before the 3000-series is replaced by a successor, the 3080Ti prices will likely be slashed to bridge the huge gulf between it and the 3080.
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#27
TheOne
It demonstrates that the number of people willing to overpay for a GPU is in decline.
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#28
freeagent
There is no profit to mine with LHR cards though? You get half the performance pretty much. By the time you pay the power bill how much are you going to have left over? So yes, some miners might be dickheads for just thinking of themselves, but not all miners are buying big numbers..
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#29
Mescalamba
Well, it can trend wherever it wants. Majority of customers simply wont buy over certain price.
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#30
erocker
*
Who expects prices to normalize when there's constant reports of chip shortages lasting for years?
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#31
Chrispy_
freeagentThere is no profit to mine with LHR cards though? You get half the performance pretty much. By the time you pay the power bill how much are you going to have left over? So yes, some miners might be dickheads for just thinking of themselves, but not all miners are buying big numbers..
LHR has been half-cracked with >70% mining rates on LHR cards now.

LHR also only applies to ETH and there are several other profitable crypotcurrencies that can be mined at full speed on an Nvidia LHR card.
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#32
eidairaman1
The Exiled Airman
F mining.

He gaming gpus should b 500 usd at most
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#33
Bruno Vieira
TheDeeGeeA Strix 3060 Ti still costs €1011 here in the Netherlands.

I have officially given up on getting a new card.

Hopefully Intel will make a dent in prices, and the 4000 series will be cheaper.
Like Nvidia or AMD intel always shot their profts as high as possible, and since people is giving money for gpus as never before.. dont expect an Intel gpu to be less than 5% of the usual frame / money chart (that is true right now)
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#34
freeagent
Chrispy_LHR has been half-cracked with >70% mining rates on LHR cards now.

LHR also only applies to ETH and there are several other profitable crypotcurrencies that can be mined at full speed on an Nvidia LHR card.
I actually watched a video on that while having a shower lol.
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#35
R-T-B
DemonicRyzen666

Why are we not talking about Hardware Unboxed's video on factors of Gpu prices

especially the poll ?
Becauase this is techpowerup?
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#36
Minus Infinity
Luckily your old GPU is still working fine and the sky hasn't fallen. Best way to give the middle finger to the whole supply chain, not just Nvidia or AMD is not to buy this overpriced rubbish. Leave the warehouses full of unsellable stock. Alas people are just too stupid, probably pay $3K for a 3090 and game at 1440p, so they can get 200fps.
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#37
Flanker
I wonder if retro gaming and indie games have gained in popularity recently
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#38
R-T-B
FlankerI wonder if retro gaming and indie games have gained in popularity recently
I think that was gonna happen regardless. I haven't played much bigbox games lately because I found them unoriginal and underwhelming...

I think the largest game I have played lately is... Maybe Tropico 6? lol.
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#39
claes
Minus InfinityLuckily your old GPU is still working fine and the sky hasn't fallen. Best way to give the middle finger to the whole supply chain, not just Nvidia or AMD is not to buy this overpriced rubbish. Leave the warehouses full of unsellable stock. Alas people are just too stupid, probably pay $3K for a 3090 and game at 1440p, so they can get 200fps.
I never bought into the whole “vote with your wallet” thing, but it seems especially pointless here. Miners are just going to buy the stock up anyway.

Personally I’m not buying because of price and lack of need, but if someone wants a new GPU and is willing to pay, well, good luck beating the bots, congrats to them etc
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#40
umdterps71
A month ago I got a refurbished RTX 2060 Super for $400 direct from ASUS and am really glad I did. Sold my gtx 1660 ti for $420 in may so I somehow came out ahead and with an upgrade… still hate that I paid that much for an older card but apparently it was right decision given how things have gone.
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#41
agentnathan009
medi01New victims have joined the cryptobubble it seems.
New people are joining, but lots of old timers thought EIP-1559 was going to kill ETH mining and they started selling cards and rigs and saying "syanora" to the rest of us who keep mining with what we have to offest inflated GPU prices and showed that they could have kept going, so thank a longtime ETH miner for the lower prices, until they saw that the effect wasn't as bad as they thought it was going to be and maybe started buying again.
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#42
Naito
Crypto currencies are just power wasting, environment destroying Ponzi-esque schemes. There's few legitimate uses for them. Gambling, at best
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#43
agentnathan009
NaitoCrypto currencies are just power wasting, environment destroying Ponzi-esque schemes. There's few legitimate uses for them. Gambling, at best
The same could be said of fiat currency when it was introduced thousands of years ago. Perhaps you should investigate more. Your bank account is as worthless as crypto, it is just numbers and generally agreed upon valuation that gives fiat currency and crypto any value. Back in the day we might have traded a cow for 30 chickens, things that had real value (meat to eat, eggs to eat, milk to drink, etc.)
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#44
Tardian
I one year chart:


Since 4 April (inset pun)

The # of transactions is impotant:





I could explain what the above means, in terms of this thread, but I am trying to refrain from my special topic: The Bleeding Obvious.
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#45
Naito
agentnathan009The same could be said of fiat currency when it was introduced thousands of years ago. Perhaps you should investigate more. Your bank account is as worthless as crypto, it is just numbers and generally agreed upon valuation that gives fiat currency and crypto any value. Back in the day we might have traded a cow for 30 chickens, things that had real value (meat to eat, eggs to eat, milk to drink, etc.)
'Worth' wasn't something I mentioned in my post. I understand that the 'worth' of such currencies stems from people's belief in the system and the forces which regulate it (or not). It would be naive to think that a lot of the world's most wealthy and influential people/government don't have some stake in cryptos. If they hold enough, they'll control the system by some means, which anti-fiat followers seem to gloss over. It also wouldn't take much to quash the movement, if the world's governments deemed it a risk. There's not enough saturation from the everyday user to prevent such control - something which I doubt will happen anytime soon as cryptocurrencies are too volatile. Essentially, you're gambling on everyone else' belief in the coin and once the stream of new 'believers' runs dry, the value will fall. It's in your best interest rationilise your own choice to enter cryptos and convince other's do to so too. It's pratically a requirement you're forced into, otherwise you'll lose your investment. Gambling on a Ponzi scheme

It's not to say in the future that cryptocurrencies won't replace fiat currencies, but it'd be unlikely one of the coins in 'circulation' today - too volatile, non-standardized, limited legitimate use.
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#46
Tardian
en.wikipedia.org/wiki/StartUp_(TV_series)

Do yourself a favor. Tardian rating: 10/10. There are obvious technical inaccuracies so suspend disbelief and enjoy. They use my expresso machine.

In fact, I stayed alive so I could watch the promised season 4.
It's not to say in the future that cryptocurrencies won't replace fiat currencies, but it'd be unlikely one of the coins in 'circulation' today - too volatile, non-standardized, limited legitimate use.
I agree, but there are already products that add value:

en.wikipedia.org/wiki/Cryptocurrency

www.coindesk.com/tech/2020/03/19/thousands-of-these-computers-were-mining-cryptocurrency-now-theyre-working-on-coronavirus-research/

foldingcoin.net/
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#47
mechtech
No surprise. I do recall seeing a headline about TSMC raising prices 20% cause they can.
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#48
maxfly
mechtechNo surprise. I do recall seeing a headline about TSMC raising prices 20% cause they can.
10-20% because they were forced to reopen forges that they had either closed or were planning on closing. I forget which. The infos out there.
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#49
Tardian
Due to the silicon shortage, the volume of motor vehicles et al manufactured has been reduced. Even decades-old chip technology is in demand.
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#50
lZKoce
I have always scavenged on the left overs in the second hand market, but the prices are so insane for cards with no warranty I might as well buy a new super low tier card and be happy with it. I am gonna rock my RX580 until it artefacts....that's what about it.
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