Connect with us


This is how the GPU market has evolved after the mining boom

The arrival of the NVIDIA RTX 30 on the market was remembered for coinciding almost exactly with the mining boom. And it is that, if we remember the launch of these GPUs, it was from then on that the overpricing and lack of stock hit the market hard. Now we will analyze how market of GPU has changed between before and after the boom mining.

When cryptocurrencies like the Bitcoin and the ethereum they had much higher values ​​than the current ones, mining was very profitable. We are talking about dates that go from the end of 2020 (or even before) to the beginning of 2022, where they lost value and when the summer period arrived they fell even more. This long period has lasted practically year and a halfwhere we have had to manage to be able to buy a GPU. But the worst thing was not that, and it is that if we managed to get one, it would almost certainly arrive with markup. Let’s see how this has influenced the market, the number of sales and the share of NVIDIA and AMD companies.

Before and after mining: GPU price and sales evolution

We have here a set of charts and graphs about the GPU market of 3D Centerafter obtaining the data from a source as reliable as Jon Peddie Research. As we see, these start at Q1 2019 (Q1 2019), where we see lower GPU sales compared to the following quarters. But to a half price quite low of $315 per GPU purchased and sales earnings of 2.8 billion units. Interestingly, we see that the average sales price will continue to go down and up, but stay close to or below $300 for the next several quarters.

In addition, we see a notable increase in sales in Q3 2019 Y Q4 2019where AMD got a share of one 32% after the launch of its RX 5000. With the arrival of the covidin Q2 2022, we already found the first notorious price increase, since go up a half from among 100 and 150 dollars. From here, there was no way to stop the rise in the GPU market, since the economic situation, together with the rise in value of cryptocurrencies, made mining attract the attention of many users.

From here, with crypto mining boomwe saw prices skyrocket to unprecedented levels and the average selling price exceeded $1,000 during 2021. Fortunately, in 2022 cryptocurrencies plummeted and with them the prices, as little by little they have dropped from almost 1,000 dollars per sale to $529. Of course, the number of sales has remained fairly stable, but the sales profits have collapsed due to a lower price. And it is that, in 1.5 yearsbetween 2020 and 2022, were achieved 3 times more salesthat is, they earned the equivalent of 6 years.

The sale price plummets along with mining profits

Price evolution GPU Mining Market

If we now turn to the GPU market price evolution graph throughout 2021 and 2022, we see that they are directly related to mining. And it is that, precisely the moment where the NVIDIA RTX 30 were sold with a 318% markup about the officer, it was just the moment where the ethereum mining got one profitability of more than 300%. As soon as this peak could not hold steady and began to decline, we see that NVIDIA dropped in a matter of a month to a premium of 189%.

In addition, here it coincides with the increase in the availability of graphics stock, which, as we well know, did not help much in 2021. And the thing is, sales continued to exceed expectations and miners took most of the GPUs. That is why we spent a long time with overpricing around the 160-180% for months. It was not until early 2022, where we finally began to see a fall that was more and more. Here, as we see, the profitability of Ethereum mining also plummeted and, in fact, many miners left the business.

But although today prices are less than MSRP official, (91% for NVIDIA Y 86% for amd), in the store they are not reflected in the same way. And it is that, we have lived the Russian-Ukrainian warnext to a economic inflation growing and a cost rise of everything. In addition, in Europe the euro has lost a lot of value and we pay rates like the VAT in USA. Thus, the United States will probably benefit the most from the drop in GPU prices.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.


More Posts

News1 min ago

Ghostbusters: Spirits Unleashed Collector’s Edition Arrives Inside the Tobin Spirits Guide

Though in USA we will not have a collector’s edition of The Callisto Protocol, Meridiem Games It has confirmed that...

News19 mins ago

Bargain on Amazon: these Sony wireless headphones cost less than half

These Sony headphones are wireless and offer 18 hours of battery life. On Amazon you can find many technology deals...

EXTRAS33 mins ago

Diablo Immortal: The first major update is live – Esports Extras.

The first major update of Diablo Immortal is live! Players face the dungeon in the new story quest series Silent...

News40 mins ago

FIFA 23: Squad Battles Rewards – When are the rewards coming?

In FIFA 23, you can get rewards for your Ultimate Team through Squad Battles. We’ll show you all the rewards...

Games47 mins ago

Why is Warzone 2.0 aiming to be the best version of Call of Duty battle royale?

Webedia Gaming talks to Infinity Ward about their new free action experience After all the revelations that were made in...

News54 mins ago

9 gaming monitors with 2K, 1080p or 4K screens for all budgets that I recommend

While it is true that the pieces of our computer are the soul of the gaming PC, a good monitor...

Games1 hour ago

Microsoft will consider allowing Xbox Series X/S gamers to turn off Quick Resume

One of the most useful and enjoyable features of Xbox Series X/S it is Quick Resumethat function that allows players...

EXTRAS1 hour ago

Roy stars in today’s news in Pokemon Masters EX

One more day we bring a small compilation of more news that this mobile application has confirmed today. It is...

News1 hour ago

I travel to the lands of Azeroth from World of Warcraft in Minecraft after leaving Middle Earth and The Seven Kingdoms behind

What a great time to be a fan of medieval fantasy stories! While the series The House of the Dragon...

Games1 hour ago

The best headphones for less than 50 euros in AliExpress

Take advantage of AliExpress offers to buy new wireless or wired headphones. Whether you play video games, watch movies, or...