GPU Prices Finally Gain Stability After an Year-Long Surge
July 16, 2018 3:07 pm
GPU prices drop after being rising for almost a year. Since May 2017, there was a steep increase in the price of dedicated graphics cards. Surprisingly, this was not due to the rise in the number of game releases, but this was due to the general public’s interest in cryptocurrency.
An increasing number of users have turned to cryptocurrency mining as a means to make money. Mining has created a new area of application for high-end GPUs, this has made the cards less accessible to the intended audience, namely gamers. Check out the challenges faced by home users who plan to mine cryptocurrency at home.
Ever since there was news that consumer gaming cards are ideal for mining various cryptocurrencies. A sudden increase in demand resulted in a shortage of GPUs in the market. A lot of gamers criticized this the companies due to the rise in GPU prices.
The two major companies that build graphics cards and dedicated GPUs Nvidia and AMD received a lot of criticism from the general public. The high-end graphics cards saw the biggest increase in prices, with individual units being sold for $200-$300 higher and even double in some cases.
Since January, there was been a downward trend in Ethereum and other cryptocurrencies, the GPU prices seem to follow the trend as prices are normalizing after a year. The market has observed that the prices are falling in line with the fall in cryptocurrency prices.
On 9th May 2018, Nvidia sent out a tweet that their 10 series GPU has been restocked to make up for the surge in demand. They also stated that the GPUs will be available at their original price. Even since then, there has been a considerable drop in GPU prices and the market seems to have reached its saturation point.