Video cards to mine Ethereum are 20% cheaper than in March

Comparative graph of nvidia GPU card prices between March and April 2022

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The market for video cards (GPU), which is the recommended software for mining cryptocurrencies such as Ethereum (ETH), suffered a price drop of 22% in the last month, extending the trend that It has been dragging for weeks and opening wide the doors so that everyone who wants to enter the activity.

A market study carried out by CriptoNoticias revealed that the prices of nine video cards from Nvidia and AMD, the two main manufacturers of this hardware, they had a sustained drop in prices in the last 30 days and it is presumed that it could last even longer.

The most pronounced drop was registered by the AMD Radeon RX 6800 XT equipment, which, according to the price of Amazon.com, suffered a reduction of 45.71%, after going from USD 1,750 on March 16, 2022 to USD 949, 99 to April 28, 2022.

This implies the possibility that more people decide to acquire this equipment to mine cryptocurrencies or, in any case, use them to enhance a computer designed for the gaming.

Comparative graph of nvidia GPU card prices between March and April 2022
Nine graphics cards commonly used to mine cryptocurrencies saw price drops in the last month. Source: CriptoNoticias.

In contrast, the video card that suffered the least losses was the GeForce RTX 3080 Ti from the American Nvidia. This hardware lost only 1.6%, after going from USD 1,575 in March to USD 1,549 in the current April.

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One of the latest models from Nvidia and one that has been widely used for Ethereum mining is the GeForce RTX 3090. This card saw a 22.89% drop in price, after going from USD 2,389 to USD 1,842.

An older one, the GeForce RTX 3060, lost 16%, after falling from $624 to $523.95. The Nvidia GeForce RTX 3050 fell 29.85%, after going from USD 469 to USD 329. And the Nvidia GeForce RTX 3070 Ti, went from USD 1,005 to USD 799, in what represents a fall of 20%, on average.

In the field of AMD cards, the Radeon RX 6900 XT fell 15.70%, after going from USD 1,611 to USD 1,358. The Radeon RX 6700 XT, meanwhile, it lost 6.95%, from $747.99 to $696.

The AMD Radeon RX 6600 XT went from USD 529 to USD 426.36, which represents a drop of 19.96%.

Video cards to mine Ethereum are 20% cheaper than in March
The AMD RX 6800 XT GPU was the one that had the sharpest drop in the last month, with almost 50% below its price registered in March 2022. Source: CriptoNoticias.

a natural movement

Although the fall in prices registered in the last month had an impact, the truth is that a natural movement of the market of that hardwarewhich, like many, is sensitive to foreign situations, which could destabilize its production, for example.

The truth is that this current drop could demonstrate a decrease in demand by users, which could be awaiting the arrival of new hardware on the market. Like Nvidia’s RTX 40-series video cards, which promise to be among the most powerful ever made.

a week’s drop

The 20% monthly price drop that we reported today it is nothing more than the extension of a trend that has dragged on practically since the beginning of the year and a little earlier.

As reported by this newspaper on the first day of March, the video cards to mine Ethereum suffered price drops during the month of February. At the time, there were decreases of 11% in the consulted prices, with drop peaks of 15%, on average.

It was said then that knowing the movement of the GPU market during the rest of the year was somewhat unlikely, due to the variation in prices depending on many factors. However, looking at the trend a scenario of affordable prices can be predicted in the short and medium term.

In any case, falling prices, contrary to denoting a bad omen, promotes the arrival of new operators, who could choose among the various equipment available to carry out mining, with the freedom to swim, like a fish in water, in a discount market.

Price comparison March – April 2022

cards March 16, 2022 April 28, 2022 % Difference
Nvidia GeForceRTX 3090 $2,389 $1,842 -22.89%
Nvidia GeForce RTX 3060 $624 $523.95 -16%
Nvidia GeForce RTX 3080 Ti $1,575 $1,549 -1.6%
Nvidia GeForceRTX 3050 $469 $329 -29.85%
Nvidia GeForce RTX 3070 Ti $1,005 $799 -twenty%
AMD Radeon RX 6900 XT $1,611 $1,358 -15.70%
AMD Radeon RX 6800 XT $1,750 $949.99 -45.71%
AMD Radeon RX 6700 XT $747.99 $696 -6.95%
AMD Radeon RX 6600 XT $529 $423.36 -19.96%

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