Thesis charts demonstrate when cryptocurrency caused prices to spike, and where cards began costing more instead of less.
The boom te cryptocurrency prices and mining has dramatically affected latest graphics card prices. It’s gotten so bad, that te the past week wij’ve written about how it’s a terrible time to buy a graphics card, and why it’s presently a better overeenkomst to buy a pre-built PC. Even Nvidia has chimed te, suggesting retailers sell to gamers overheen cryptocurrency miners. But spil wij’ve looked a bit deeper into the price history of Nvidia’s 10-series graphics cards, it’s clear that the current astronomical prices are due to utterly inflated third-party sellers, spil major retailers are totally sold out of stock.
Below wij’ve compiled an overview of the unusual price history of the GTX 1050, 1060, 1070, and 1080 overheen their lifetimes on Amazon using CamelCamelCamel. At very first, thesis cards go after a familiar trajectory, observing occasional sales after release. But beginning te mid-2018, a boom ter Ethereum mining sent those prices creeping back up, and they toevluchthaven’t fully come back down since.
Te February 2018, EVGA sold this card directly on its webstek for $140, slightly more than it cost on Amazon. Today, it’s listed on the webstek for $170 (and is out of stock). On the green line (Amazon) you can see a epistel window where the card wasgoed out of stock te the summer of 2018 spil Ethereum mining wasgoed especially popular. It’s presently out of stock on Amazon, but is still set at that $140 price.
The Gigabyte 1050 Windforce launched with a $130 MSRP, which has since risen on Amazon to a base price of $150. Third-party sellers, meantime, have raised the price even higher than the EVGA card above, to more than $220. Overall, its Amazon price wasgoed more consistent, staying at $130 with a few minor spikes, until January of this year, when the crypto boom again klapper graphics cards hard.
Third-party sellers took this MSI card’s price even higher, and you can see how the Amazon price hopped from $130 to $150 te the summer of 2018, where it’s mostly remained since.
The longer lifetime and erratic third-party pricing makes this spreadsheet harsh to read. The EVGA 1060 3GB Gaming presently costs $240 on EVGA’s webstek. Ter August 2018, when it very first became available, it wasgoed $200. Third-party pricing peaked at $562 this January, 17 months after the card wasgoed very first on sale.
One of the most dramatic price increases of last summer’s mining boom. This 3GB 1060 card from Gigabyte, which released at $200, cost overheen $700 from third-party sellers for a geschreven window. It again came close to hitting that high this January, and presently sells for more than dual its MSRP.
The 6GB models of the 1060 have bot kasstuk identically hard. EVGA presently has this card listed on its webstek for $310 (tho’ it’s sold out, like the surplus). When it very first appeared te September 2018, it wasgoed listed at $280. Overall that’s a puny price increase, but after more than a year, wij’d expect the price to druppel, were it not for the crypto craziness.
Compared to the lower-end cards, you can see how request and shortages affected third-party prices when the 1070 very first became available te June 2018. Through last summer, it wasgoed less affected by the mining craze, and actually dropped te price shortly, before rising to a price higher than its MSRP at $500. It’s bot out of stock most of the fall, and third-parties are selling for almost dual the price.
EVGA’s 1070 SC has seen some extreme price increases even sold via Amazon itself, and much higher request and prices on the third-party side, topping out at close to $1000. For that price, you’re not far off from Nvidia’s extreme high-end Titan Xp card!
The ROG Strix 1080 embarked at $670 on Amazon, with several price drops ter the fall of 2018 taking it down to $610-$640. The price continued to fall, spil you’d expect, but has now lodged at $580, a more expensive price than it’s regularly had since last summer. The third-party price, meantime, is through the roof.
The Gigabyte G1 Gaming is actually selling for more than it did at launch, putting it te line with some of the lower-end cards above. Cryptocurrency mining has obviously affected its price significantly this winter and the summer of 2018. Third-party pricing now exceeds the costs for the card when it wasgoed very first available (and scarce, thanks to high request) te summer 2018.
Brief reaction: wij don’t know. For the sake of an effortless comparison, I stuck with Nvidia’s 10-series cards, but they’re not the only ones affected by the crypto craze. AMD’s cards have bot similarly overpriced and out of stock. Cryptocurrency prices have taken a major hitting te January, making it plausible that request for fresh cards will cool off soon. But they may not: Bitcoin, Ethereum and all the surplus are rising and falling dramatically.
Presently, request has thesis cards out of stock or sold above MSRP almost everywhere. Wij can only speculate about how many graphics cards Nvidia and AMD are producing, whether there’s capacity to increase production, and if that increase would even make a significant difference.
Long-term, there are even more concerns. It’s reasonable to assume that the fabrication facilities that are making both AMD and Nvidia GPUs are running at a high capacity. When a company is able to sell more than every processor it can produce, the impetus to create something that’s newer, better, swifter, and cheaper obviously drops off.
Wij know both AMD and Nvidia have fresh GPU architectures te the works, Volta from Nvidia and Vega/Navi from AMD. Nvidia already has some Volta GPUs te production, but thesis are the GV100 chips going into Tesla V100 (a $15,000 part, toughly) and the Titan V (a mere $Three,000). The remaining Volta chips destined for GeForce cards will likely omit the FP64 and Tensor Core elements, among other tweaks, but ramping up production of the fresh chips will be slower if the available capacity at manufacturer TSMC is already ter use.
A spring or early summer launch for Volta seemed likely a few months ago, but with the massive spike ter graphics card request, don’t be astonished if things get shoved back. AMD already partially blamed the late launch of its Vega parts on cryptocurrency miners last year, and yet Vega cards have never indeed come close to hitting their original $399/$499 street price targets. AMD hinted at a 7nm Vega, or potentially Navi, arriving this year, but wij wouldn’t count on eyeing such parts te any meaningful volume.
Te other words, not only is cryptocurrency mining making it difficult to buy graphics cards right now, but it could be delaying swifter graphics cards from injecting the market te the future. Have some salt te your wounds.