Secondary Market GPU Pricing in Downtrend, Better Times to be a Gamer May be Ahead

Millions of bytes have been written regarding the current GPU market conditions already, which pairs strained logistics channels due to COVID-19 with increased quarantine-fueled demand by gamers - while also throwing in semiconductor manufacturing woes, miners, and scalpers. All in all, it seems that miners and scalpers managed to get their hands on roughly 25% (around 700,000) of distributed current-gen graphics cards during Q1 2021 which, for some reason, seems much lower than the general perception on their impact on this market.

With that said, Reddit user @gregable aggregated daily pricing for GPUs on Ebay and then calculated the GPU's $/hashrate for Ethereum mining. With hashrates remaining steady for graphics cards, this effectively establishes a price trend for GPUs. The news are good, for once: prices are falling, with the average $ cost per MH falling from $26 on May 16th down to $20 as of yesterday. The move is supported mostly by price drops on high hash-rate graphics cards such as the RTX 3090 (a 32% price drop during this period) and RTX 3080/RTX 3070 graphics cards (which dropped by 25%).

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