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HomeTech & GadgetsAs cryptocurrency tumbles, prices for new and used GPUs continue to fall

As cryptocurrency tumbles, prices for new and used GPUs continue to fall


AMD's Radeon RX 6800 and 6800 XT.
Enlarge / AMD’s Radeon RX 6800 and 6800 XT.

Sam Machkovech

Cryptocurrency has had a tough yr. Bitcoin has fallen by greater than 50 % because the begin of the yr, from practically $48,000 in January to only over $20,000 as of publication. Celsius, a significant cryptocurrency “financial institution,” suspended withdrawals earlier this week, and the Coinbase crypto trade announced a round of layoffs this past Tuesday after pausing hiring final month.

It could be small consolation to anybody who needed to work at Coinbase or spent hard-earned cash on an unsightly image of an ape as a result of a star advised them to, however there’s some excellent news for PC builders and avid gamers in all of this. As tracked by Tom’s Hardware, costs for brand spanking new and used graphics playing cards proceed to fall, coming down from their peak costs in late 2021 and early 2022. For weeks, it has typically been attainable to go to Amazon, Newegg, or Greatest Purchase and purchase current-generation GPUs for costs that may have appeared like bargains six months or a yr in the past, and pricing for used GPUs has fallen additional.

As Tom’s {Hardware} studies, most mid-range Nvidia GeForce RTX 3000-series playing cards are nonetheless promoting at or barely over their manufacturer-suggested retail costs—the 3050, 3060, and 3070 collection are all nonetheless in excessive demand. However top-end 3080 Ti, 3090, and 3090 Ti GPUs are all promoting beneath their (admittedly astronomical) MSRPs proper now, as are nearly all of AMD’s Radeon RX 6000 collection playing cards.

Used costs have fallen much more shortly. Between June 1 and June 15, eBay costs for used GPUs fell a median of 10 % as a minimum of some cryptocurrency miners sought to chop their losses and promote their {hardware}. That is taking place at the same time as mining software program is beginning to find ways around Nvidia’s hash-rate limiting LHR protections—falling cryptocurrency costs and rising power prices are nonetheless making the economics of mining difficult.

That mentioned, consumers of used GPUs ought to nonetheless proceed with warning. Other than the scams and bait-and-switches that may include any high-value eBay buy, GPUs which have been mining cryptocurrency at full-tilt for months or years could have issues {that a} new GPU (or a pre-owned GPU that was solely used to play video games) would not have. The warmth generated by fixed use in a high-density mining farm can degrade efficiency (although GPU producers have overstated this risk in the past), as can mud or dried-out thermal paste. If you happen to purchase a used GPU that appears soiled or runs scorching, eradicating and cleansing the fan and heatsink and reapplying recent thermal paste may also help restore misplaced efficiency and prolong the cardboard’s life span.

If you happen to take pleasure in struggling to purchase a GPU, issues would possibly get extra attention-grabbing for you quickly. Nvidia’s RTX 4000-series GPUs are reportedly nearing launch, and manufacturing and provide chain points might conspire to maintain these new playing cards scarce.



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