As the exchange rates for all cryptocurrencies declined this year, so did the attraction of GPU mining using graphics cards. As a result, the prices of cards that can be used for both gaming and mining have been cut drastically and leveled off, bringing them back into more affordable territory.
Gone are the days of graphics cards being snatched up in bulk at premium prices far higher than the manufacturer’s suggested retail price. The cost of a new card is now tens of percentages lower than they were at their peak just a few months go, and some can even be found at below the listed price.
Looking at the real-time average price charts for representative dual-use cards on trackers like pcpartpicker, we can see that the spikes of the beginning of the year have been almost completely eroded, and prices are now very close to their levels before the craze. For example, the average price of Geforce GTX 1070 Ti went from around $900 at its height to just about $550 today. And if you go looking for bargains you can even find some cards that have dropped by over 50%.
Manufacturers’ Fears Materialized
While gamers might enjoy seeing miners finally stopping to crowd them out of the market, this must look totally different for GPU manufacturers and their shareholders…