GPU prices aren't just falling, they're absolutely crashing

The prices of the graphics cards have been going down for a while. According to a new report, prices have fallen by as much as 50% as the market deals with thecryptocurrencies.

We wrote about the decline in the price of cryptocurrencies in June, and the report lays out a compelling argument for the fall in the price of graphics cards. Since late April, the average price of an RTX 3080 on the secondhand market has plummeted.

As the shortage of graphics cards comes to an end, it is sobering. The demand from cryptocurrencies miners seems to be the main reason for the shortage of graphics processing units. In the first half of the year, 25% of all sales went to miners. According to some estimates, miners spent billions of dollars on graphics processing units for mining ether.

Last year, the value of both companies increased. Despite the fact that less than 1% of its gaming-related sales came from the company's mining-focused graphics cards, Nvidia saw 50% growth in revenue in each of the last two years. In May, hackers were able to get around the limiter on the graphics cards.

You are not the only one who feels like it is impossible to tell the impact of the price of the GPUs. In May of this year, the US Securities and Exchange Commission fined the company $5.5 million for not revealing the influence of cryptocurrencies on its revenue.

On the heels of around $800 billion in value disappearing from the market, the prices have dropped quickly. Before that point, the prices of the graphics cards were close to the price of the actual product. You can find a lot of the best graphics cards for sale.

It's an interesting time for graphics cards, not only because they're becoming cheap, but also because they're releasing new generations We expect to see the new graphics cards from the two companies before the year is out.

If demand from miners increases, prices could go up. There is a chance that we will see a repeat of the altcoins in the first quarter of next year. In late 2017, there was a shortage of graphics cards due to the boom incryptocurrencies. When prices returned to normal, there was little demand for the graphics cards, so they were stuck with a lot of them.

It is possible that we will see a repeat of that later this year, which will hopefully give people a break from shopping for graphics cards. To see where the market is going, make sure to keep an eye on our list of the best graphics cards.

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