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Graphics card pricing may finally go down as cryptomining hardware demand wanes

By Polycount · 15 replies
Apr 25, 2018
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  1. Getting into high-end PC gaming has never been particularly cheap but it's gotten even more expensive recently due to skyrocketing hardware prices. In late 2017 and early 2018, Nvidia's high-end GPUs such as the GTX 1080 or the 1080 Ti could be found on Amazon for upwards of $1,000.

    Worse yet, RAM prices have nearly doubled in some cases.

    There are several reasons for these price increases (which we've gone into detail about in recent editorials), but the cryptomining craze and ongoing RAM shortages have likely been two major contributors. The end to high RAM prices isn't in sight just yet, but video card prices could see a major drop in the near future.

    DigiTimes reported on Wednesday that Taiwan-based graphics card makers are experiencing a 40 percent drop in shipment numbers, largely because cryptomining farm operators have cut their orders significantly. Some farms have even gone so far as to halt operations entirely.

    Some well-known Taiwanese video card manufacturers who have been affected by this phenomenon include MSI, Gigabyte and TUL. DigiTimes believes the decreased demand from miners will force "makers and channel distributors" to slash prices to keep sales up.

    As PCGamesN notes, GPU prices are already beginning to drop. For example, you can find numerous GeForce GTX 1080 cards from various manufacturers, including Gigabyte and MSI, on Amazon for roughly $640 to $670.

    Unfortunately, it's tough to say whether or not these comparatively low GPU prices are here to stay.

    Cryptocurrencies are volatile and their values tend to shift significantly in short periods of time. For the time being, this could be great news for PC gamers who have been holding off from upgrading due to the horrible pricing.

    Permalink to story.

    Last edited by a moderator: Apr 25, 2018
  2. Burty117

    Burty117 TechSpot Chancellor Posts: 3,506   +1,302

    I'm not sure if this good news or not. Yes, prices might finally come down to near MSRP pricing, but it's been so long, the next generation is supposed to be just round the corner. Has it dropped in price due to demand dropping or because they want to get rid of old stock?

    Are PC gamers going to have to be a generation behind from now on, due to crypto mining destroying any chance of reasonably priced GPU's being stock?

    Or is it all fabricated because there are only two competitors in the GPU space, they're working together to keep stock low and therefore, prices high? Similar to what governments around the world are looking into for RAM pricing?

    Find out on the next episode of...
    Last edited: Apr 25, 2018
  3. Prices will drop through the summer and spike again in the winter. Reason being, mining will be popular in the mainstream again.
    MaikuTech likes this.
  4. Cycloid Torus

    Cycloid Torus Stone age computing - click on the rock below.. Posts: 4,104   +1,208

    GTX 1060 for $100? One can hope.
  5. pawel04

    pawel04 TS Booster Posts: 83   +90

    Agree with you there and for most people that are only a couple generations behind then this would really hurt, but in my instance, being a gen behind the newest release doesn't really matter. Even when gtx 2xxx series comes out, if I can score a 1060 for super cheap, I'll be stoked as even that offers a huge step up from my 7950 haha.. I guess it depends where in the upgrade cycle one is.
  6. Bubbajim

    Bubbajim TechSpot Staff Posts: 690   +668

    40% down from last year, when the numbers were sky-high? So, how does that compare with a 'normal' year? Context, ma' boy! We need context!
    EndRessentiment and Stark like this.
  7. Robertrogue

    Robertrogue TS Booster Posts: 76   +29

    Maybe I will be able to build me a new rig finally!! I'm running with some almost 10 year old gear! outside a few needed repairs my rig is getting seriously old. Barely can run movies at 4k at all and forget gaming, I run 30fps in new games and only at 1080. Have to run 720 to run kinda smoothly. I would like to be able to run 1080 at least at 60fps on my 60" 4k monitor! C'mon let's get the gear down so us price conscious guys can build a new rig!
    Swagger 4lyfe likes this.
  8. Mighty Duck

    Mighty Duck TS Addict Posts: 151   +81

    That doesn't sound bad at all for 10 years old gear.
  9. DoNotBeFooled

    DoNotBeFooled TS Rookie

    Is it safe to buy used video cards yet? Or is it going be flooded by crypto miner abused GPUs?
    regiq likes this.
  10. ForgottenLegion

    ForgottenLegion TS Guru Posts: 420   +422

    Prices have already dropped in the UK. Great news.
    SSD's have also started dropping for some reason.
    Now we just need RAM to follow suit and we can start planning new builds with the prospect of actually building them rather than have them stay as pipe dreams.
  11. baskiria

    baskiria TS Booster Posts: 78   +54

    I'm sorry but where in hell demand wanes? All cryptos are skyrocketing back to level before the big fall...

  12. regiq

    regiq TS Addict Posts: 237   +113

    It'll get really interesting when ethereum switches from proof of work to proof of stake algorithm.
  13. Swagger 4lyfe

    Swagger 4lyfe TS Rookie

    When did you see a low to mid range graphics card in the last decade at that price?
    It won't go lower than $250. I just hope I can get a 2060 for that price range...
  14. Robertrogue

    Robertrogue TS Booster Posts: 76   +29

    It is bad when all the other folks I am playing with are running twice that or more. I finish last or next to last in all the games.
  15. Polycount

    Polycount TS Evangelist Topic Starter Posts: 1,826   +402

    I explained in the article. Crypto farms have been shutting down and halting orders.
  16. Theinsanegamer

    Theinsanegamer TS Evangelist Posts: 1,570   +1,787

    Even if prices go back up, mining was done so furiously many of the high value coins may simply be too difficult to mine with GPUs anymore, making profit difficult. And they can only mine so many alt coins before the market becomes flooded and investment in coins cant keep up.

    A lot of the coins are used as investment/money hiding, so demand for additional coins may not be there.

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