Prices of discrete GPUs have experienced quite a roller coaster. The exponential growth of the most important cryptocurrencies (Bitcoin and Ethereum) and the possibility of using GPUs to mine them prompted an increase in demand for which the market was not prepared.
Those of you who read our articles every day know the consequences: stock levels hit a minimum low (most mid-end and high-end GPUs were out of stock) and prices skyrocketed so much the price of some models tripled.
Because of that, GPUs became a luxury item that consumers could not afford. However, people lost interest in them after the cryptocurrency bubble burst, prompting a decrease in demand. Despite still stumbling due to NVIDIA’s upcoming next-gen GPUs, stock is gradually going back to normal levels.
The price of GPUs has been falling down in the past few weeks, but has there been a noticeable drop in the price of major discrete GPUs? Thanks to a full review done by the German website 3DCenter, we were able to confirm that prices have gone down by 8-18%.
As we can see in the chart, the price of the Radeon RX 570 has gone down by 18% since May, whereas the price of the GTX 1070 and GTX 1070 Ti went down by 8%. The GTX 1080 is the NVIDIA GPU that saw the biggest drop in price. There is no mention of the GTX 1080 Ti, but its price has also gone down considerably: it went from almost €1,000 to around €750-800.
Things are slowly going back to normal
We certainly know that prices are going back to normal. However, the process is taking so long that prices are still too high. In most cases, prices are on the same level of those that we saw from late 2016 to mid 2017.
Although it is evident in a lot of models, we certainly see it most in mid-end models. Right now, we will provide some examples so you understand the situation better. The prices shown are those before and after the bubble burst:
- 4 GB Radeon RX 570: it was available for €180. Now it stands at €250.
- 3 GB GTX 1060: we could buy it for around €200, but now its price is around €230.
- 6 GB GTX 1060: it was available for around €260, but now it is around €300.
Prices speak for themselves. However, we should take into account that some of these GPUs are 2 years old (or are about to be) and their price is even higher than when they were launched.
This makes them less attractive, but the fact that NVIDIA’s next generation is around the corner does those GPUs a small favor. NVIDIA’s CEO, Jen-Hsun Huang, knows this, which is why he said new GPUs are still a long way off, but we know this is not true.
Should I buy or should I wait?
Bearing all we have said in mind, right now the best option is to wait, not only because prices are still not normal but also because there will be a major shift in prices once NVIDIA’s next-gen GPUs are announced.
Current models will be more affordable and there may even be some sales. The arrival of NVIDIA’s next-gen GPUs will also affect the Radeon RX lineup, as AMD will have to reduce prices to make them more attractive than its competition.
As we have said in other articles, the secondary market can be a good option if you do not want to wait but want to upgrade. However, it can be quite hard to find interesting mid-end models (like the GTX 980) at a good price because their demand has increased, so people are trying to sell them at extremely high prices.