Bad news for gamers – GPU prices are increasing once again, this time because of Ethereum

• If you are a gamer and have been ready for GPU prices to stabilize or decline, you are in for a impolite shock.
• The latest surge in Ethereum prices has led to a significant enhance within the prices of Nvidia GPUs.
• To make issues worse, stories counsel that this may worsen as provide is anticipated to cut back by half within the coming weeks.

After cooling down for a couple of weeks, GPU prices are surging once once more a lot to the annoyance of gamers. The latest breakout in Ethereum prices has led to a rise in GPU prices by practically 20%, based on varied trackers.

A report by MyDrivers, a Chinese news portal that tracks tech-related provide chain news, has revealed that Nvidia GPU (graphics processing unit) prices are up by 18% in China. The report states that the provision of Nvidia graphics playing cards shall be “very tight” in September, with whole models anticipated to be down by 50%.

While GPU prices bottomed out round July, the brand new spike might be a end result of a significant breakout in Ethereum prices. In the final one week, Ethereum has surged by over 23%, going from $3,172 (approx. ₹2,31,700) to $3,912 (approx. ₹2,85,700).Ethereum was buying and selling round $2,000 in July, resulting in a decline in GPU prices throughout the board, as cryptocurrency mining turned much less worthwhile. At $2,000 ranges, Ethereum’s value had fallen by half from its earlier highs of over $4,000.

Unsurprisingly, with Ethereum again within the $4,000 vary, GPU prices have picked up steam, too. And it’s not simply Nvidia playing cards which have seen a rise in prices – the AMD RX 6000 sequence playing cards have witnessed a noticeable enhance, too.

This is at a time when the provision remains to be maintaining with the demand – based on a 3D Center report, provide has taken a minor hit regardless of the surge in demand. If and when the provision will get much more constrained, we may see a way more speedy enhance in GPU prices.

These are the worst affected graphics playing cards

According to information compiled by MyDrivers, some of the worst affected graphics playing cards are Nvidia-based ones from Asus and Gigabyte. Note that these are prices in China.

Asus

• RTX 3070 Ti: +600 Yuan (approx. $92 or ₹6,800)
• RTX 3080, 3070: +400 Yuan (approx. $62 or ₹4,500)
• RTX 3060 Ti, 3060: +350 Yuan (approx. $54 or ₹4,000)

Gigabyte

• RTX 3090, 3080 Ti: +400 Yuan (approx. $62 or ₹4,500)
• RTX 3070 Ti, 3070, 3060 Ti, 3060: +300 Yuan (approx. $46 or ₹3,400)

For context, these are the present prices of some of these graphics playing cards in India:

Source: Cost to Cost, Prime ABGB

A 3D Center report notes that GPU prices are increasing in Europe as nicely.

If the Ethereum rally continues and with provide points anticipated to worsen within the coming weeks, you possibly can count on GPU prices to extend much more from the place they are now.

How are GPU prices linked to cryptocurrency prices?

Cryptocurrency mining requires a GPU or a devoted application-specific built-in circuit (ASIC) to unravel advanced mathematical issues.

Cryptocurrency mining might be an costly proposition given the {hardware} it requires, and the ability that’s consumed within the course of. If cryptocurrency prices enhance, crypto mining turns into extra worthwhile, thereby leading to a rise in demand for GPUs.

With Ethereum prices practically doubling over the past one week, it’s no shock that GPU prices are increasing once once more.

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