Why are GPU so cheap?

In 2021, there was a GPU shortage, which is why GPUs are so hard to find. The coronavirus pandemic caused a chip shortage, making it difficult for Nvidia and AMD to produce enough cards to keep up with demand.

Will GPU prices ever get better?

Given that Nvidia CEO Jensen Huang believes that lower chip prices are a “story of the past,” it seems unlikely that we will ever go back to prepandemic GPU prices. This might be the new normal and we might just have to get used to having to paying well over $1,000 for a midtier to high-end graphics card.

Are GPU prices going down 2023?

While the stock situation for last-gen RTX 3000 and RX 6000 graphics cards is largely fine, prices aren't dropping much - barring some reductions by AMD last year, most GPUs are holding steady when it comes to cost.

Why GPU prices crashed?

First, it happened in September, when Web3 platform Ethereum announced the Merge – moving from the proof-of-work protocol to proof-of-stake. Post Merge, the prices of many popular NVIDIA GPUs, such as NVIDIA's RTX3080 plummeted by nearly 60% over the last 90 days across some parts of the globe.

Why are GPUs still over MSRP?

Moore's Law is an idea based on historical trends, which generally sees PC performance double every few years while the components fall in price. According to Huang, the rising costs to manufacture components and slowing of additional power are the primary reasons why GPU prices remain high.

CHEAP does NOT mean GOOD VALUE - Budget GPUs Explained

Will the GPU shortage ever end?

2022 in GPUs: The shortage ends, but higher prices seem here to stay | Ars Technica.

Will 3090 prices drop?

The $1,000 price drops follow reports that Nvidia would be changing the MSRP of the RTX 3090 Ti from $1,999 to $1,499. ​​Its predecessor, the RTX 3090, should now be available for $1,299, a reduction of $200.

Why GPU for crypto mining?

GPUs have many processing cores that can perform multiple calculations simultaneously, enabling them to handle large amounts of data and perform complex mathematical operations much faster than traditional CPUs. This makes them ideal for the repetitive, compute-intensive work required for cryptocurrency mining.

Why are graphics cards needed for crypto?

CPU mining uses a computer's CPU cores to verify crypto transactions and generate new coins. GPU mining relies on mining graphics cards' processing power for the same task. GPUs solve complex crypto equations more efficiently.

Why are GPU prices not dropping reddit?

GPU prices were at all time high because of crypto mining and chip shortage. Ethereum switched to PoS, the crypto market globally crashed, the chip shortage is supposed to be over, Intel came to the party, Nvidia launched the 4000 series and AMD launched the 7000 series.

Are GPU prices back to normal?

A new report from 3DCenter indicates graphics cards are closer to MSRP than they've been since January 2021. These figures align with experts' estimates that consumer tech will see a return to normalcy possibly as soon as the second half of 2022.

Are used GPUs worth it?

Buying a used GPU: It's not so bad!

GPUs can last for years if taken care of, and the last few years have inflated GPU pricing to astronomical levels. But at long last, the tide is turning. At the end of the day, there can be tremendous price savings if you're savvy when buying a used graphics card.

What can you do with old GPUs?

Recycling Old GPUs

Some companies will recycle or refurbish used electronics, and these can sometimes offer a much higher price than selling the GPU, depending on the quality of the graphics card. You can also recycle your old graphics cards by taking them to an e-waste recycling center.

Will PC prices drop?

While the IDC predicts overall consumer market contractions, it doesn't expect a downturn in the premium ends of the market, which means prices likely won't come down until 2024. And when they do, odds are that fewer people will be able to afford them anyways. 2024 seems far away though.

Will the 4080 drop in price?

NVIDIA RTX 4080 May Get a Price Cut, RTX 4090 and 4070 Ti Supply to be Limited in Early 2023 [Report] NVIDIA's GeForce RTX 40 series GPUs are allegedly going to be in short supply in the early months of 2023. The RTX 4070 Ti, 4080, and 4090 are expected to see limited shipments to board partners in February and March.

Why is Nvidia so expensive?

Why are Nvidia's first RTX 4000 graphics cards so expensive? Blame the death of Moore's Law and rising component costs, says CEO Jensen Huang. “The idea that a chip is going to go down in cost over time, unfortunately, is a story of the past,” Huang said during a Wednesday Q&A with journalists.

Why GPU mining is not profitable?

The profitability of using GPUs for mining cryptocurrencies depends on the cryptocurrency in question. For cryptocurrencies like BTC, it is less profitable because of high competition in using ASICs or application-specific integrated circuits for mining.

Is Ethereum GPU mining dead?

After years of planning, Ethereum's much-anticipated switch from proof-of-work to proof-of-stake took place today. The "Merge" means that Ethereum mining is dead, which is good news ahead of new GPU releases from Nvidia and AMD later this year.

Why is GPU mining ending?

GPUs are no longer useful for mining

As Ethereum is shifting from its proof-of-work to proof-of-stake mechanism, many miners aren't happy, forcing them to find an alternative. As reported by FX Empire, ETH announced that it would shift to POS between the third and fourth quarters of this year.

Is it legal to mine crypto?

Is bitcoin mining legal? According to TheStreet, reporting on a November 2021 Law Library of Congress report, bitcoin mining is banned in various countries, such as Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar, and more. However, it is legal in the US, and most countries, but not all US states allow the same.

What is the most profitable coin to mine with a GPU?

Litecoin: Litecoin (LTC), has a broad reach and reliable functionality. It appears on many lists as one of the top 10 profitable coins, and for good cause. LTC mining uses the Scrypt algorithm and is one of the most popular and successful currencies to be generated with a GPU.

Does mining damage GPU?

GPU mining itself isn't a danger to your PC—it's the mileage. Since most GPUs rely on attached or auxiliary fans, these parts can degrade faster during periods of sustained use. To prevent damage to your card, you'll need to clean them often.

Is RTX 3090 overkill?

A 3090 is overkill for any gaming short of 4k high framerate or 8k. That card is made to repace the Titan RTX, so it is a card geared to professional work (rendering, machine learning, ai, GPGPU…) that can also play.

How much does RTX 3090 profit daily?

0.83 USD / Day

*Please note that values are only estimates based on past performance - real values can be lower or higher.

How powerful will the 4090 be?

While the GeForce RTX 4090 ostensibly packs the same 450W total graphics power rating as the 3090 Ti, real-world power use comes in a bit higher, and Nvidia adopted the new 12VHPWR 16-pin cable for ATX 3.0 power supplies, which is designed to handle higher GPU power needs.