GPU Availability and Pricing Update: July 2022

It'due south that time of the month when we provide yous with an update on the electric current state of the GPU market. The good news is that in the past few weeks graphics carte availability has started to ameliorate, with a notable drop in GPU prices across the board, both for Nvidia and AMD's current generation offerings, as well as for the bulk of used GPUs from prior generations.

Every bit a side notation, terminal month we decided to stop tracking the CPU market as nosotros observed that segment is basically dorsum to normal and that continues to be true in July which is groovy news indeed. In fact, in our regular coverage we've mentioned how popular chips like the Ryzen 5600X is now selling at or below its $300 MSRP.

Follow up: Stock Update August 2022, September 2022, Oct 2022, November 2022, December 2022, January 2022

Driving Factors

The GPU price driblet has been triggered due to a significant downwards shift in the price of cryptocurrencies and a huge drop in GPU mining profitability. Information technology's been over two months since coins like Ethereum bankrupt their highest value tape, with prices less than half of what they were during that acme. This positively affected GPU pricing in late May and throughout June, and continues to have an effect today.

Simply progress remains slow. Even though mining and cryptocurrencies are on a downward trend at present, GPU pricing is not suddenly back to normal through regular retail channels. Like last month, availability is reasonably expert for many cards in different regions effectually the world, but pricing remains highly inflated over the MSRP.

In Australia, a marketplace which tends to be a proficient indicator for the PC hardware channel in general, concluding month nosotros were looking at most half of the RTX 3070 GPUs listed at PC Instance Gear being in stock and available, with prices starting around the $1800 AUD mark, that's more than than double the MSRP. Today, more cards are in stock, and pricing has declined by $100 to $150 for this GPU, just conspicuously nowhere almost the local $810 MSRP. There is some progress all the same, and it'southward a positive sign that restocks are coming with lower prices than previous shipments, likely due to distributors and AIBs seeing weaker demand at current prices.

AMD GPUs like the RX 6700 XT have also seen a minor subtract in pricing and somewhat improve availability, but to a lesser caste than the RTX 3070. Speaking to retailers, information technology sounds like GeForce availability has been a ameliorate relative to Radeon lately, particularly at the higher end.

We are still hearing of several supply chain issues that are slowing any rush of new GPUs from hitting the marketplace. Things like memory modules and other ICs that are critical for building a graphics bill of fare continue to face supply constraints, and prices to ship graphics cards from factories to stores also remains college than in previous years. Demand is still high for GPUs which sees prices inflated due to natural market forces, just fifty-fifty if demand was low, it sounds like these factors would be preventing cards from hitting the optimistic MSRPs set before the supply problems started to heat up.

Ethereum Trending Down

The other cardinal contributing gene are of course cryptocurrencies, then let's check what's happening in that location.

As of writing, Ethereum prices accept fallen compared to a month ago. In our last GPU pricing check, Ethereum was sitting at ~$2300. Right now information technology's around $1800, a drop of 22%. Not as amazing as the 34% drop from month prior, but a marked subtract in crypto prices is what prospective GPU buyers want to see.

As well read: What is Cryptomining?

Every bit you may exist aware, it's non but the price of the coin that affects the profitability of mining. Overall difficulty also as gas prices are important, too. Ethereum mining difficulty has been fluctuating over the last month, but month on calendar month difficulty is down eight percent. This ways that fewer GPUs are currently mining on the Ethereum network – which is good as it indicates lower need or interest in mining – however information technology also increases the reward to those who remain mining this coin.

Ethereum pricing nautical chart

Meanwhile, gas prices accept been apartment throughout this month, non a bad thing for those wanting GPU prices to return to normal, simply not as good every bit the huge decrease in gas prices we saw last month. When you combine this with the difficulty subtract and the decrease in Ethereum cost, mining profitability continues to decrease slightly, merely not to the same extent as information technology did the month before. A drop is a drib though, and that will have an issue on the GPU market place.

Electric current Retail GPU Market

Tracking electric current generation GPU prices on eBay in the third calendar week of each month for new products and completed sales shows good news across the board. GPU prices take fallen steadily calendar month on calendar month, with scalpers unable to sell their cards for as much as they did whatever other month stretching back to January approximately. These eBay prices effectively show us what people are willing to pay for GPUs right now, and there'southward a downward trend going, which should hopefully keep to pull the rest of the market with it.

	MSRP	eBay Average Price May	eBay Average Price June	eBay Average Price July	Electric current Price Inflation	Price Increase May to June
GeForce RTX 3090	$ane,500	$three,628	$2,962	$2,599	73%	-12%
GeForce RTX 3080 Ti	$1,200		$2,187	$1,905	59%	-xiii%
GeForce RTX 3080	$700	$2,601	$1,948	$one,623	132%	-17%
GeForce RTX 3070 Ti	$600		$1,323	$1,085	81%	-eighteen%
GeForce RTX 3070	$500	$1,660	$1,261	$one,075	115%	-fifteen%
GeForce RTX 3060 Ti	$400	$1,617	$one,255	$1,012	153%	-nineteen%
GeForce RTX 3060	$330	$977	$830	$723	119%	-thirteen%
Radeon 6900 XT	$1,000	$1,972	$1,932	$1,460	46%	-24%
Radeon 6800 XT	$650	$1,690	$1,450	$1,282	97%	-12%
Radeon 6800	$580	$ane,518	$one,210	$1,087	87%	-10%
Radeon 6700 XT	$480	$1,088	$907	$733	53%	-19%
				Average	92%	-sixteen%

Nvidia GPUs continue to exist inflated more than their AMD counterparts on the scalper market, though several GPUs – including the LHR enabled RTX 3080 Ti and RTX 3070 Ti – are now selling for less than double their MSRP. These cards accept fallen in cost past 12 to 19 per centum, and due to pricing being linked to mining profitability to some degree, the RTX 3070 Ti through RTX 3060 Ti are all available for roughly the same price, which of grade wouldn't be the example in a normal market.

On average, GPUs still cost roughly double their MSRP...

Meanwhile, on the AMD side, the price of the RX 6900 XT has tanked significantly, falling 24% in the by month, the highest of whatsoever current generation GPU. This puts this GPU much more in line with its performance and mining profitability relative to other GPUs, whereas before it was overly inflated. While on average, GPUs all the same toll roughly double their MSRP, these AMD cards are only inflated by 70%.

Like in prior months, the RX 6700 XT continues to exist the all-time value current-gen card for gamers wanting to purchase a GPU right now. Its value is notably better than others in toll per frame using our latest 1440p benchmarks, helped by its poor mining operation and consumer preference for RTX GPUs – a prissy bonus for people that research value like this.

We're actually in an odd state of affairs where the GPUs nosotros thought were non astonishing value at their launch MSRP (the 6700 XT and RTX 3070 Ti) are actually among the best value GPUs on the scalper market right now.

On the other manus, it's arguably not worth ownership a GeForce GPU at current prices that remain inflated above double the MSRP, and deliver worse cost per frame value than AMD GPUs. As prices continue to stabilize and if mining continues to driblet in popularity, I'd expect these value equations to stabilize more effectually gaming operation, not mining performance where Nvidia has an reward when comparing non-LHR-limited Ampere to RDNA2.

Using data from Whattomine, on boilerplate GPU profitability per day is down 13 percent compared to the same fourth dimension concluding month, while GPU prices have dropped 16 percent. This has kept the time to profitability consistent at approximately 1 year if you lot bought a GPU right at present and if there are no further reductions to profitability.

What's kind of interesting is that miners aren't the most forward-looking with their purchasing habits, or are optimistic that mining will either stabilize in profitability or return to a state of increasing profits. While people buying a card today are faced with 355 days on boilerplate until profitability, those that bought GPUs at prices from concluding calendar month have seen their fourth dimension to profitability increase by around 50 days due to a gradual reduction in profitability, in addition to a decrease in the resale value of their cards.

If these stats are a bit confusing, the bones summary is that buying a GPU for mining right now is looking similar a bad investment. But hey, that'due south good for those that would rather see cheap GPUs from miners selling their cards on the used market. And of course, the crypto market is volatile, so nosotros could exist back over again in Baronial with a totally different story in this expanse.

How Nearly Used GPUs?

Used GPU prices have also fallen in the past calendar month, at a similar rate to current generation cards. Nvidia's GeForce RTX 20 series for example has fallen in toll by 15% on boilerplate, with notably high declines for cards like the RTX 2080 Ti, which now sits below its $1,000 MSRP.

	MSRP	eBay Average Price May	eBay Average Toll June	eBay Boilerplate Price July	Current Cost Inflation	Price Increment May to July
GeForce RTX 2080 Ti	$one,000	$1,458	$1,219	$952	-5%	-22%
GeForce RTX 2080 Super	$700	$i,047	$887	$788	13%	-11%
GeForce RTX 2080	$700	$953	$834	$686	-ii%	-18%
GeForce RTX 2070 Super	$500	$881	$784	$638	28%	-xix%
GeForce RTX 2070	$500	$838	$678	$603	21%	-xi%
GeForce RTX 2060 Super	$400	$800	$707	$613	53%	-13%
GeForce RTX 2060	$350	$641	$549	$476	36%	-13%
				Average	20%	-15%

Still, people interested in prior generation GPUs at the lower finish aren't so lucky, with the RTX 2060 still inflated with an average auction toll of $476 compared to its $350 MSRP when information technology launched two and a half years ago.

The market place is looking much ameliorate for GTX sixteen serial cards this month. When we checked in June, reductions in current generation loftier-end GPU prices due to the drop in cryptocurrency value hadn't withal caused much movement in pricing in the mainstream marketplace segment. But this month, nosotros're starting to see price drops trickle as far downward as the GTX 1650, which has now fallen in line with drops in other GPUs. None of these cards are particularly amazing value correct now with all priced well above their launch MSRPs, merely lower prices are what we similar to see.

	MSRP	eBay Average Toll May	eBay Boilerplate Price June	eBay Boilerplate Price July	Current Toll Inflation	Price Increase May to July
GeForce GTX 1660 Ti	$280	$585	$481	$428	53%	-eleven%
GeForce GTX 1660 Super	$230	$582	$495	$425	85%	-14%
GeForce GTX 1660	$220	$497	$430	$359	63%	-17%
GeForce GTX 1650 Super	$160	$346	$326	$291	82%	-11%
GeForce GTX 1650	$150	$299	$295	$248	65%	-xvi%
			Average		70%	-14%

Then nosotros become to the GeForce ten series, which has a seen a larger than average price driblet on the used market. At this signal, every card with the exception of the GTX 1060 6GB at present sits below its launch MSRP, a milestone for these old Pascal cards. Information technology should be noted, this is not a nifty situation either, as well-nigh of these GPUs came out in 2022, but lower prices are welcome.

	MSRP	eBay Average Price May	eBay Average Price June	eBay Boilerplate Price July	Current Price Inflation	Price Increase May to July
GeForce GTX 1080 Ti	$700	$855	$689	$550	-21%	-20%
GeForce GTX 1080	$600	$606	$526	$395	-34%	-25%
GeForce GTX 1070 Ti	$450	$575	$467	$398	-12%	-fifteen%
GeForce GTX 1070	$380	$498	$403	$337	-eleven%	-xvi%
GeForce GTX 1060 6GB	$250	$366	$327	$273	9%	-17%
GeForce GTX 1060 3GB	$200	$255	$234	$189	-six%	-19%
				Average	-12%	-19%

For used AMD GPUs, I would strongly advise gamers avert the Radeon RX 5000 serial equally these are pretty capable at mining relative to their gaming operation, which has kept prices inflated higher than equivalent Nvidia cards. While prices accept declined here equally well, a production similar the RX 5700 XT is nonetheless being sold for well-nigh twice its $400 launch price on the used market, which makes it poor value compared to the RTX 2070 Super, a GPU that is non only faster on average, but also over $100 cheaper.

On the flip side, owners of an RX 5700 XT that have no interest in mining practise have a nice upgrade path available to them, every bit nosotros mentioned in last month'south update. With the 5700 XT going for around $760 used, and the RX 6700 XT bachelor for nigh $730 brand new on eBay, 5700 XT owners tin effectively upgrade to the 6700 XT for free, gaining a decent amount of gaming performance in the process.

	MSRP	eBay Average Price May	eBay Average Price June	eBay Average Price July	Current Toll Inflation	Price Increase May to July
Radeon 5700 XT	$400	$1,184	$895	$762	91%	-xv%
Radeon 5700	$350	$1,035	$806	$719	105%	-11%
Radeon 5600 XT	$280	$754	$604	$541	93%	-10%
Radeon 5500 XT 8GB	$200	$507	$440	$363	82%	-18%
			Average		93%	-13%

Older Radeon GPUs also remain quite inflated in models that have decent mining operation. Similar Nvidia's Pascal family, these older products have dropped the most on boilerplate, but for gamers there is not much to encounter. For example, the RX 580 8GB is priced 25% higher than the GTX 1060 6GB on the used market, making it poor value. With that said, it is expert to see price motility for 4GB GPUs like the RX 570 4GB, which is looking decent every bit a $200 stopgap selection.

Takeaways

We've had largely proficient news to share this month, which is great for the PC hardware ecosystem. GPU prices have continued to fall month on month, at a similar rate to what we saw in June, despite a less substantial decrease in cryptocurrency prices and mining profitability. Both current generation GPUs and used older generation GPUs take seen price drops, and we're at present even seeing movement in the mainstream end of the market.

This is a positive sign for gamers that have been waiting a long time to get their hands on a new GPU, but inflated pricing is far from over. It's just a pace in the right direction on a path that withal requires many more steps, equally there is no way I would recommend people really pay electric current scalper or even retail prices that remain well in a higher place their official MSRPs. Let's hope nosotros see things continue this way, though of course there are zip guarantees.

Many are no incertitude wondering when nosotros'll see prices return to normal levels, which has been a persistent discussion for much of 2022. I don't retrieve two months of price decreases is substantial enough to marker a future trend and make predictions just withal. Nosotros'll keep assessing the market, and hopefully we'll come across more than improvements. With that said, the trends we've seen this year are giving me déjà vu from when I was making updates similar this during the previous crypto blast.

You tin can expect us to continue tracking prices, researching what is happening in the market, and we'll exist back next month with another update and hopefully more good news to share.