Graphics card costs proceed to drop, each at retail and for aftermarket used playing cards offered on eBay. We have pulled collectively the information for the present costs, and the GPU mining exodus is in full drive. eBay costs for the finest graphics playing cards (that means present technology {hardware}) fell by 14% on common since June 1, and previous-gen playing cards dropped by 17% on common. Retail costs aren’t dropping as rapidly, and lots of locations are making noise about “graphics card offers” in an obvious try and clear stock on the highest value potential. We tracked a 3% drop in retail costs on common, with costs on a couple of playing cards even rising barely.
Adjustments because the begin of 2022 are much more dramatic, falling 57% on common. Retail availability of most graphics playing cards in the beginning of the yr was near non-existent. GPU mining was nonetheless worthwhile, and anybody that basically wished a contemporary graphics card instantly usually needed to flip to eBay and pay exorbitant costs. Issues have modified, and lots of miners are possible working at a internet loss proper now. The answer for a lot of is to dump their used graphics playing cards as rapidly as potential, and the ensuing downward value pattern is obvious to see.
| eBay Worth on July 1 | eBay Worth on Jan 1 | Retail Worth on July 1 | GPU MSRP | eBay YTD Change | Retail vs eBay Worth | Retail vs MSRP | |
|---|---|---|---|---|---|---|---|
| GeForce RTX 3090 Ti (opens in new tab) | $1,387 | — | $1,670 | $2,000 | — | 20% | -17% |
| GeForce RTX 3090 (opens in new tab) | $1,043 | $2,918 | $1,459 | $1,500 | -64% | 40% | -3% |
| GeForce RTX 3080 Ti (opens in new tab) | $921 | $1,992 | $1,075 | $1,200 | -54% | 17% | -10% |
| GeForce RTX 3080 12GB (opens in new tab) | $812 | — | $800 | N/A ($800?) | — | -1% | 0% |
| GeForce RTX 3080 (opens in new tab) | $707 | $1,783 | $800 | $700 | -60% | 13% | 14% |
| GeForce RTX 3070 Ti (opens in new tab) | $587 | $1,244 | $698 | $600 | -53% | 19% | 16% |
| GeForce RTX 3070 (opens in new tab) | $495 | $1,179 | $580 | $500 | -58% | 17% | 16% |
| GeForce RTX 3060 Ti (opens in new tab) | $433 | $1,007 | $470 | $400 | -57% | 9% | 18% |
| GeForce RTX 3060 (opens in new tab) | $365 | $761 | $390 | $330 | -52% | 7% | 18% |
| GeForce RTX 3050 (opens in new tab) | $299 | — | $328 | $250 | — | 10% | 31% |
| Radeon RX 6950 XT (opens in new tab) | $1,125 | — | $1,060 | $1,100 | — | -6% | -4% |
| Radeon RX 6900 XT (opens in new tab) | $703 | $1,527 | $850 | $1,000 | -54% | 21% | -15% |
| Radeon RX 6800 XT (opens in new tab) | $637 | $1,387 | $690 | $650 | -54% | 8% | 6% |
| Radeon RX 6800 (opens in new tab) | $529 | $1,282 | $600 | $580 | -59% | 13% | 3% |
| Radeon RX 6750 XT (opens in new tab) | $526 | — | $540 | $550 | — | 3% | -2% |
| Radeon RX 6700 XT (opens in new tab) | $391 | $898 | $450 | $480 | -56% | 15% | -6% |
| Radeon RX 6650 XT (opens in new tab) | $360 | — | $380 | $400 | — | 6% | -5% |
| Radeon RX 6600 XT (opens in new tab) | $273 | $659 | $360 | $380 | -59% | 32% | -5% |
| Radeon RX 6600 (opens in new tab) | $252 | $578 | $275 | $330 | -56% | 9% | -17% |
| Radeon RX 6500 XT (opens in new tab) | $175 | — | $186 | $200 | — | 6% | -7% |
| Radeon RX 6400 (opens in new tab) | $150 | — | $160 | $160 | — | 7% | 0% |
Most GPUs are actually promoting beneath their official MSRPs, for those who’re prepared to take an opportunity on eBay. Nvidia’s top-tier RTX 3090 Ti, RTX 3090, and RTX 3080 Ti are joined by AMD’s RX 6900 XT, RX 6700 XT, RX 6600 XT, and RX 6600 with pricing that is 20%–30% beneath the MSRP. That is notably stunning for the RTX 3090 Ti, contemplating it is only some months outdated now and usually value over $2,000 at launch, however the MSRP was wildly inflated at launch as properly. Some persons are possible feeling some horrible purchaser’s regret.
Nvidia’s RTX 3080 — each the 10GB and 12GB fashions, if we assume a $800 MSRP for the latter (Nvidia by no means gave an official MSRP for it) — are principally proper at MSRP as of late, as are the RTX 3070 Ti and RTX 3070. It is solely the underside three RTX 30-series GPUs that also are likely to promote for greater than the official beginning value, with a few 10% markup on the RTX 3060 Ti and RTX 3060, and a 20% markup on the RTX 3050.
AMD’s GPUs by comparability are all at or beneath MSRP for those who undergo eBay, excluding the RX 6950 XT. The variety of RX 6950 XT, RX 6750 XT, and RX 6650 XT playing cards at the moment offered on eBay stays trivial, nevertheless, so do not pay an excessive amount of consideration to these. Additionally, the retail value on the RX 6950 XT is at the moment 6% decrease than the everyday eBay value.
Retail costs usually stay larger than eBay costs, typically considerably so. Outdoors of the RX 6950 XT and RTX 3080 12GB, you’ll be able to count on to pay on common 13% extra to buy a brand new card at retail. Nonetheless, that is skewed considerably by the RTX 3090 and RX 6600 XT that at the moment promote for 40% and 32% extra at retail proper now. AMD has formally discontinued the latter, changing it with the brand new RX 6650 XT, whereas Nvidia has successfully halted manufacturing on the RTX 3090 and changed it with the 3090 Ti.
| GPU | Avg eBay Worth | QTY Offered | Final Worth | Month-to-month Change | Gross Gross sales | FPS/$ |
|---|---|---|---|---|---|---|
| GeForce RTX 3090 Ti (opens in new tab) | $1,538 | 107 | $1,829 | -15.9% | $164,599 | 0.0861 |
| GeForce RTX 3090 (opens in new tab) | $1,098 | 885 | $1,438 | -23.7% | $971,588 | 0.1153 |
| GeForce RTX 3080 Ti (opens in new tab) | $956 | 499 | $1,134 | -15.7% | $476,914 | 0.1291 |
| GeForce RTX 3080 12GB (opens in new tab) | $835 | 40 | $959 | -13.0% | $33,389 | 0.1492 |
| GeForce RTX 3080 (opens in new tab) | $728 | 1134 | $899 | -19.0% | $825,915 | 0.1596 |
| GeForce RTX 3070 Ti (opens in new tab) | $620 | 634 | $710 | -12.6% | $393,296 | 0.1678 |
| GeForce RTX 3070 (opens in new tab) | $518 | 1472 | $641 | -19.3% | $761,996 | 0.1927 |
| GeForce RTX 3060 Ti (opens in new tab) | $461 | 1324 | $579 | -20.4% | $610,046 | 0.1986 |
| GeForce RTX 3060 (opens in new tab) | $379 | 646 | $424 | -10.6% | $244,556 | 0.1854 |
| GeForce RTX 3050 (opens in new tab) | $304 | 124 | $315 | -3.3% | $37,756 | 0.1689 |
| Radeon RX 6950 XT (opens in new tab) | $1,069 | 10 | $1,600 | -33.2% | $10,693 | 0.1284 |
| Radeon RX 6900 XT (opens in new tab) | $767 | 176 | $875 | -12.4% | $134,908 | 0.1692 |
| Radeon RX 6800 XT (opens in new tab) | $625 | 228 | $767 | -18.6% | $142,393 | 0.1978 |
| Radeon RX 6800 (opens in new tab) | $551 | 148 | $655 | -15.9% | $81,547 | 0.2010 |
| Radeon RX 6750 XT (opens in new tab) | $513 | 5 | $511 | 0.3% | $2,565 | 0.1973 |
| Radeon RX 6700 XT (opens in new tab) | $407 | 421 | $477 | -14.7% | $171,322 | 0.2353 |
| Radeon RX 6650 XT (opens in new tab) | $368 | 43 | $400 | -8.0% | $15,817 | 0.2172 |
| Radeon RX 6600 XT (opens in new tab) | $299 | 417 | $350 | -14.6% | $124,570 | 0.2613 |
| Radeon RX 6600 (opens in new tab) | $258 | 221 | $290 | -11.1% | $56,989 | 0.2586 |
| Radeon RX 6500 XT (opens in new tab) | $171 | 52 | $192 | -11.0% | $8,868 | 0.1784 |
| Radeon RX 6400 (opens in new tab) | $153 | 3 | $151 | 1.8% | $460 | 0.1543 |
Focusing simply on eBay pricing, practically each GPU dropped by 10% in comparison with final month. The RX 6400 and RX 6750 XT are the only playing cards that value incrementally extra, although they hardly depend contemplating solely three RX 6400 playing cards had been offered on eBay throughout the month of June, and solely 5 6750 playing cards had been offered. The 6950 XT had only a few gross sales as properly, simply ten, although that is higher than the 2 that had been offered on eBay in Could.
If we omit these three playing cards, common costs on eBay for the remaining present technology GPUs dropped by 14% in comparison with final month. Additionally notice that among the oldest playing cards, like Nvidia’s RTX 3090, 3080, 3070, and 3060 Ti, and AMD’s RX 6800 XT and 6800, dropped fairly a bit greater than playing cards that have not been round fairly as lengthy. These six GPUs that each one launched in late 2020 dropped by 20% on common. Not coincidentally, these playing cards are the most probably candidates for having been down within the GPU mines for the previous yr and a half.
We are able to additionally take a look at the information in a barely totally different method, specializing in the typical GPU value for all playing cards offered on eBay. Doing that, the typical value for present technology GPUs fell from $736 in Could to only $614 in June, a 17% drop. Separating that into AMD and Nvidia GPUs does not actually change issues, with AMD costs falling 17.5% and Nvidia costs dropping 15.6%.
| GPU | Avg eBay Worth | QTY Offered | Final Worth | Month-to-month Change | Gross Gross sales | FPS/$ |
|---|---|---|---|---|---|---|
| GeForce RTX 2080 Ti (opens in new tab) | $564 | 292 | $686 | -17.8% | $164,580 | 0.1703 |
| GeForce RTX 2080 Tremendous (opens in new tab) | $407 | 174 | $498 | -18.4% | $70,745 | 0.2088 |
| GeForce RTX 2080 (opens in new tab) | $348 | 157 | $430 | -19.0% | $54,677 | 0.2360 |
| GeForce RTX 2070 Tremendous (opens in new tab) | $342 | 305 | $409 | -16.4% | $104,170 | 0.2238 |
| GeForce RTX 2070 (opens in new tab) | $310 | 157 | $365 | -15.0% | $48,681 | 0.2190 |
| GeForce RTX 2060 Tremendous (opens in new tab) | $298 | 153 | $370 | -19.4% | $45,623 | 0.2182 |
| GeForce RTX 2060 (opens in new tab) | $241 | 328 | $282 | -14.6% | $78,894 | 0.2295 |
| GeForce GTX 1660 Ti (opens in new tab) | $200 | 193 | $252 | -20.5% | $38,679 | 0.2190 |
| GeForce GTX 1660 Tremendous (opens in new tab) | $201 | 506 | $249 | -19.3% | $101,620 | 0.2212 |
| GeForce GTX 1660 (opens in new tab) | $174 | 76 | $214 | -19.1% | $13,188 | 0.2298 |
| GeForce GTX 1650 Tremendous (opens in new tab) | $171 | 82 | $183 | -6.4% | $14,051 | 0.1938 |
| GeForce GTX 1650 (opens in new tab) | $155 | 316 | $175 | -11.1% | $49,053 | 0.1714 |
| Radeon RX 5700 XT (opens in new tab) | $314 | 725 | $449 | -30.1% | $227,839 | 0.2345 |
| Radeon RX 5700 (opens in new tab) | $286 | 133 | $381 | -25.1% | $37,986 | 0.2270 |
| Radeon RX 5600 XT (opens in new tab) | $215 | 74 | $294 | -27.0% | $15,891 | 0.2705 |
| Radeon RX 5500 XT 8GB (opens in new tab) | $174 | 31 | $216 | -19.4% | $5,407 | 0.2284 |
| Radeon RX 5500 XT 4GB (opens in new tab) | $156 | 22 | $160 | -2.3% | $3,441 | 0.2140 |
Transferring to the earlier technology Turing and RDNA1 GPUs, the speed of decline is even larger at 18% month over month. Common offered GPU costs for these playing cards which can be principally two to 4 years outdated went from $361 in Could to only $289 in June. AMD’s common GPU value this time fell fairly a bit extra, 27% in comparison with 17% for Nvidia, with the typical RX 5700 XT value falling by 30%.
Complete card gross sales for each previous- and current-generation GPUs had been down in comparison with Could, which is not notably stunning, because the decrease costs imply there’s much less enticement for individuals to attempt to offload older {hardware}. That does not imply there aren’t loads of outdated graphics playing cards ready to be offered, although.
Get Prepared for a Flood of Used Playing cards
We lately checked out potential beneficial properties or losses for GPU miners over the previous two years. Separate from that information, there’s an fascinating piece of knowledge if we take a look at Ethereum’s community hashrate. It elevated from 228.2 TH/s in September 2020 to 1126.7 TH/s on Could 13, 2022. That is an 898.5 TH/s improve, which represents a frankly astounding variety of graphics playing cards.
I calculated the ratio of RTX 30-series GPUs offered on eBay over the previous yr, for current-gen playing cards, and located that the typical hashrate for Ethereum mining (not factoring in Nvidia’s LHR fashions) was 69 MH/s. That is definitely larger than the typical hashrate for GPUs utilized in mining throughout the previous 18 months, and it might nonetheless require 13 million GPUs to achieve that determine.
Maybe there have been a bunch of Ethereum ASICs contributing as properly, and there have been undoubtedly loads of older GPUs used for mining up to now couple of years. Add in all of the Turing, Pascal, RDNA2, RDNA1, Vega, and Polaris playing cards and we’re probably taking a look at tens of tens of millions of graphics playing cards that had been primarily mining Ethereum.
Now think about what is going to occur if/when Ethereum lastly transitions to Proof of Stake with “The Merge,” ostensibly earlier than the tip of the yr. Noah (ie, AMD and Nvidia) would possibly must construct one other ark to outlive the approaching flood.
Avid gamers sitting on older {hardware} in the meantime could lastly have some nice budget-friendly upgrades to contemplate — examine our GPU benchmarks hierarchy to see how the previous a number of generations of GPUs match up. Not that shopping for a used graphics card does not carry with it potential considerations, however the RTX 2070 and 2060 Tremendous sit alongside AMD’s RX 5700 XT and 5700 throughout the $300 mark. These might simply fall to $200 or much less within the coming months, and all of these would ship considerably extra efficiency than a midrange Pascal or Polaris GPU from 2016–2017. Simply be cautious of shady used card sellers.
