GPU Prices Drop Amid Crypto Crash, Here’s How Much You’ll Pay Now


After years of shortages and scalping in the graphics card market, the cryptocurrency crash is driving down the cost of GPUs across the board.

After several years of soaring prices, shortages and scalping in the graphics cards market, the 2022 cryptocurrency crash is driving down the cost of GPUs across the board. Shortages began in 2020, coinciding with the onset of the COVID-19 pandemic. When the virus emerged, global production and shipping lines were disrupted, limiting the number of graphics cards produced and shipped to the North American market. Coincidentally, all the time spent in isolation during these months has led to an increase in demand for GPUs, which has weighed on the market on both the supply and demand side. Scalpers have taken over the market, listing GPUs on second-hand marketplaces for more than double the MSRP of the components in some cases. But the market has come down to earth in recent months, and the crypto crash gives even more hope to buyers looking for a new graphics card.

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The start of 2022 was no more promising for the graphics card market than the previous two years, despite the recent change. The invasion of Russia and the protracted conflict with Ukraine were expected to extend the chip shortage as both countries refined and exported critical components used to produce microchips. Additionally, Intel – one of the world’s largest microchip manufacturing companies – said in May that the availability of manufacturing tools would limit the market recovery. However, the market did not fully reflect the global forecast. Despite concerns, Asus lowered the prices of some of its graphics cards in March. Today, the cryptocurrency crash reduces the demand for graphics cards, which reduces costs.


Related: Best Buy NVIDIA RTX Restock: When to Find a Graphics Card

Although cryptocurrencies hit all-time highs in 2021, the same cannot be said for 2022 so far. Bitcoin, for example, reached an all-time high of $68,000 in November 2021, but fell below $30,000 in 2022. Bitcoin is the most notable and recognizable example, but the stock market crash had an impact on cryptocurrencies of all kinds. Although crypto is quite notorious as a volatile investment method, even the stock market suffers from it. However, the cryptocurrency market is directly correlated to the graphics card market since GPUs power the blockchain. Therefore, when the cryptocurrency market fails, the price of GPUs crashes, and vice versa.


GPU prices fall below MSRP


NVIDIA GPU with logo

Tom’s gear tracked graphics card price trends in 2022, and things are looking bleak for GPU sellers – and great for buyers looking for a new card. According to the report, graphics card prices fell by 15% in May 2022, and this is on top of the massive declines at the start of the year. The cost of graphics cards has steadily decreased by 10-15% over the past few months, matching the downward trend in the cryptocurrency market. This is because GPUs are integral to processing cryptocurrency transactions, and when the market is strong, there is a lot of money to be made mining cryptocurrency. When weakened, the value of GPUs declines, flooding the market with graphics cards at prices that can be below MSRP, in some cases.


Micro Center, a popular US electronics retailer that has maintained stock of graphics cards during shortages, lists GPUs at shockingly low prices. Buyers can save up to $230 off MSRP on select RTX 3080 and 3090 cards at the company’s stores and find a slew of other cards at or below retail price. The downside is that consumers can only purchase most cards in-store, and locations are limited to a few metropolitan areas. Best Buy has slightly worse deals, up to $150 off the list price, but locations are bigger in North America. Wherever a buyer is looking for a Graphic card in 2022, they’ll likely find the components both more accessible and more affordable than in recent years.


Next: How to check which graphics card you have

Source: Tom’s Material, Micro Center, best buy

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