The Ethereum merge happened, predictably causing GPU mining profitability to plummet. Will things eventually pick up, or will the best graphics cards finally be freed from cryptomining? Expect a flood of used graphics cards on places like eBay. So I wanted to get this snapshot as of the GPU prices on eBay two weeks before The Merge.
I’ve been tracking GPU prices on eBay for the past 18 months or so and have seen the most popular cards for mining purposes drop from unsustainable highs to somewhat reasonable prices. , there’s a risk of buying a used graphics card, but if you’re sticking with the RTX 30 series and RX 6000 series, probably not. that Risky. perhaps. Anyway, let’s get down to the numbers from the last two weeks. Compare them to his August eBay GPU prices.
There is nothing surprising about the trends shown here. We’ve seen the cost of GPUs drop on the used market for most of this year. The Nvidia RTX 40-series Ada GPUs, AMD RX 7000-series RDNA 3 GPUs, and Intel Arc Alchemist GPUs are all expected to launch in the coming months. (or sooner), people continue to sell off their existing graphics cards for whatever they can get their hands on.
Interestingly, the lowest prices on some models are much better than the average prices shown here. is difficult — buyers and sellers have been known to cancel — so if you’re patient, you might be able to get even better value on the cards that are up for auction.
Overall, all current-generation GPUs saw price drops, with an average drop of 6.9% (weighted by the number of each GPU sold). The biggest change was the RX 6950 XT, down 16%, but it should be noted that the quantity is very low with only 4 cards sold in the last two weeks. The RTX 3080 12GB also dropped by 11% with 51 GPUs sold.
If you’re looking for a new graphics card, also check GPU retail prices and compare to eBay prices. Most cards are 10-15% cheaper on eBay, but the premium price for a new card is probably worth paying. Let’s take a quick look at the cards from the previous generation as well.
Prices have dropped slightly for previous generation Turing and RDNA GPUs, but now we’re dealing with graphics cards that could be up to four years old. While AMD’s RX 5700 XT, RX 5700 and RX 5500 XT 8GB all dropped nearly 20% compared to August, the RTX 2060 actually saw a slight price increase of 3.4%. Ironic given the all-new RTX 2060 cards. is currently one of the best value.
Nvidia’s RTX 20-series GPUs hold a much better value than AMD’s RDNA GPUs. This was basically how it was before 2020, as Nvidia had strong marketing and a case to get cards that supported ray tracing and DLSS. It’s a little silly that you can buy the RX 5700 XT at
According to the GPU benchmark hierarchy, the RX 5700 XT is 30% faster at 1080p Medium, 34% faster at 1080p Ultra and 38% faster at 1440p Ultra than the RTX 2060. Even the RX 5700 is basically comparable to the RTX 2060 Super — certainly not having to factor in DXR or DLSS. Either way, if you’re looking for a reasonably fast GPU under $250, the RX 5600 and 5700 series cards are worth a look.
The question is where things go from here. It feels like GPU prices on existing hardware are on a precipice and waiting for a significant drop. Traditionally, barring the anomalies of the last two years, all current-gen hardware has slashed their suggested retail prices significantly to clear out remaining inventory just before AMD and Nvidia release new graphics cards. It was expected to under-sell, which hasn’t happened yet, at least for Nvidia.
The fastest RTX 30-series GPUs like the RTX 3090 and 3080-series are now more affordable than they used to be, but it’s the RTX that’s actually selling well below their previous suggested retail prices. 3090 Ti and RTX 3080 Ti only. These were a lot of bloat from the start, so getting the 3090 Ti down from $1,999 to $1,099 wasn’t particularly difficult. However, the regular RTX 3080 10GB currently retails at around $739, with the RTX 3050 to RTX 3070 also priced above his MSRP.
There are a lot of rumors circulating about the specs and potential performance of the upcoming GPUs. Even if they are close to exact, we could still see an RTX 4080 card selling for under $999 while offering significantly better performance (and power efficiency) than the RTX 3090 Ti. Ethereum Given the aftermath of his merge, it’s hard to imagine a significant portion of the roughly 20 million GPUs that were mining Ethereum not being sold in the next month or two.
As mentioned in the main Ethereum Merge article, most GPUs currently earn less than $0.50 per day and their value continues to fall. Barring the rise of GPU-minable cryptocoins in the near future, most of the large GPU miners would rather close their stores than continue paying for power, space, support, and infrastructure. prize.