[United Kingdom - Sep 2022] As the cryptocurrency market crashes, so too do the prices of GPUs. This is excellent news for consumers, as popular cards are now hundreds of dollars below their MSRP. A 15% price decrease was already seen last May, but when Bitcoin and Ethereum prices dropped by 30% and 40%, respectively, GPU prices followed suit.
What Is the Correlation?
This correlation between cryptocurrency prices and GPU prices has been well-documented, as crypto miners often buy large quantities of GPUs to power their rigs. However, with the current market crash, miners are selling off their cards en masse, decreasing prices. This is good news for gamers and other consumers struggling to find affordable cards.
How Low Are the Current Prices?
Popular cards like the Nvidia GeForce RTX 3090 Ti and AMD Radeon RX 6950 XT are now available for $1,672 and $1,270, respectively. This is a significant drop from their prices from the previous month at $1,829 and $1,600. These prices are still higher than their MSRPs, but the market crash has made them more affordable for consumers.
How Long Will It Last?
It is impossible to say how long these decreases will last, as the cryptocurrency market is highly volatile. Many experts believe the current market crash is simply a correction after months of unsustainable growth, and prices will rebound shortly. However, if prices continue to plummet, there may be even more decreases in GPU prices.
How to Take Advantage of the Low Prices?
People waiting to buy a new GPU should do so soon, as prices may increase if the market crash ends and cryptocurrency prices begin to rise again. Mini PCs, laptops, and gaming consoles are also good options for those looking for a new system.
Working with retailers like Inside Tech can help buyers find the best deals on the latest technologies. They can also help with installation and repairs to keep the system running smoothly. As more people work from home, the demand for these services is also likely to increase.
About Inside Tech
Inside Tech is a leading online tech retailer of PCs, offering a wide range of products for both home and business use. Customers can find ready-to-use pre-built systems and various components for custom builds.
See more of their tech offers on their website at www.inside-tech.co.uk