CPU and GPU Availability and Pricing Replace: June 2021

Here is our monthly update on the Computer Hardware Market to see the latest trends in CPU and GPU prices. The situation of terrible availability and high prices continues, but let's hope we have some good news about where the market is headed and what happened over the past month.

One change for this month's update is that we no longer cover the CPU market. The reason is positive: you can currently buy most processors in most regions at their respective MSRP. There are a few exceptions, such as the Ryzen 9 5900X in the US, but other products are now selling slightly below MSRP, such as the 5800X. And of course, Intel's processors remain of great value, especially in the 10th generation, so it doesn't make much sense to invest some of the time talking about CPU availability when market conditions are almost back to normal.

What is not normal right now is the GPU market. The situation is improving somewhat for many dealers. It's easier to buy GPUs than it was in previous months, especially outside of the US.

In Australia, for example, you can now buy any current generation GPU, with the exception of the RTX 3060 Ti. Not in bundles or similar, only stand-alone graphics cards. The catch is that the prices are very high. For something like an RTX 3070, you'll face 2.5 times higher MSRPs, and even relatively affordable cards like the Radeon RX 6700 XT sell for $ 400 above MSRP.

We hear similar stories from many of you, especially those in Europe. In Germany, for example, you can safely buy an RTX 3070, only that it costs over € 1100 when the Nvidia RRP is around € 520.

A month ago when cryptocurrencies were booming, most of these products were sold out. As mentioned earlier, one of the first steps before we can see better GPU prices is to have cards actually available. Not that anyone would buy a gaming graphics card at this price.

The general reasons we heard for high prices have not changed, including shortage of raw components, limited wafer production in the fabs, component shortages, high logistics costs especially for international shipping and so on. However, it appears that AIBs cooled down a bit as they increased their asking price for custom models. Over the past few months, prices would basically be hiked up a bit with every re-delivery of GPUs to better suit the scalper market, but now that GPUs are sitting on shelves at some retailers, that process has thankfully slowed down.

But why are GPUs more available now than in the months before?

Well, aside from ongoing record-rate production that is slowly satisfying insane demand for gaming GPUs, there has been an upheaval in the crypto market so let's talk about it. When we updated you in May, Ethereum was around $ 3,500, up from a high of $ 4,000 just days earlier. Since then, ETH has fallen to around $ 2,300 in the course of a month, a drop of 34 percent, with similar declines in other popular coins. But that's not the only factor that makes mining profitable.

Price table for Ethereum

As we mentioned last month, gas prices and the difficulty of mining are also important. Gas prices have dropped significantly since May as fewer transactions take place on the Ethereum network due to lower prices and generally lower interest rates. As tracked by Etherscan, gas prices are between half and a third of the previous month, so the reward for processing transactions has dropped sharply.

However, Ethereum's difficulty level has also decreased over the past month from a high that coincided with the highest value for Ethereum. The level of difficulty has decreased by about 11 percent in the last 30 days, which has made the status at the end of April difficult. This is both a good and a bad thing. It is good in the sense that a lower level of difficulty means fewer people mining, so the popularity of mining decreases and the potential of new cards being sold to miners decreases. However, it's bad too, as a lower level of difficulty increases the block rewards and increases the profitability of mining.

So if you look at the most popular coin for GPU-based mining, the value of Ethereum has dropped 34 percent, gas prices have more than halved, and the difficulty level has also dropped 10 percent. All in all, the profitability of mining on a GPU like the RTX 3090, as measured by NiceHash, has about halved over the past month – from about $ 12 to $ 14 per day to about $ 7, excluding the electricity bill.

While most of this decline in profitability occurred a few weeks ago and has been stable since then, the decline has weakened the demand for graphics cards for mining, especially at certain (high) prices. It significantly increases the time to profitability from buying a GPU for mining, and given the great uncertainty about the future of mining on networks like Ethereum, miners seem reluctant to buy cards. In fact, while researching for this article, I discovered several complete mining rigs for sale on eBay that were nowhere to be found months ago. Not a flood of used GPUs yet, but a better situation.

RRP eBay average price March eBay average price in May eBay average price June Current price inflation Price increase May to June
GeForce RTX 3090 $ 1,500 $ 3,083 $ 3,628 $ 2,962 97% -4%
GeForce RTX 3080 Ti $ 1,200 $ 2,187 82%
GeForce RTX 3080 $ 700 $ 2,256 $ 2,601 $ 1,948 178% -14%
GeForce RTX 3070 Ti $ 600 $ 1,323 121%
GeForce RTX 3070 $ 500 $ 1,374 $ 1,660 $ 1,261 152% -8th%
GeForce RTX 3060 Ti $ 400 $ 1,297 $ 1,617 $ 1,255 214% -3%
GeForce RTX 3060 $ 330 $ 905 $ 977 $ 830 152% -8th%
Radeon 6900 XT $ 1,000 $ 1,870 $ 1,972 $ 1,932 93% 3%
Radeon 6800 XT $ 650 $ 1,560 $ 1,690 $ 1,450 123% -7%
Radeon 6800 $ 580 $ 1,340 $ 1,518 $ 1,210 109% -10%
Radeon 6700 XT $ 480 $ 1,165 $ 1,088 $ 907 89% -22%
Average 128% -8th%

Tracking current generation GPU prices on eBay for the third week of each month for new products and closed sales shows good news across the board. GPU prices have come down quite a bit since May's dire situation, basically the worst month for GPU prices ever. Cards like the RTX 3080 and RTX 3070 have seen scalper prices drop by ~ 25%, while the RTX 3060 has fallen 15% and AMD's RX 6800 and 6700 cards have fallen between 14 and 20%.

The average price drop is 18%, which doesn't match the drop in profitability – but even the price increases last month didn't reflect the full extent of the profitability gains. The scalper market is moving more slowly in response to trends, but it is clear that scalpers cannot get away with prices this month as high as they did last month.

Make no mistake, GPUs stay ridiculously overpriced. Some GPUs have dropped below double their MSRP for the first time in a long time, like the RTX 3090 and RX 6700 XT, but the majority of cards are still between 2x and 3x above their MSRP – the average is 2 , 3x. That's less than 2.9x price inflation last month.

The more positive news is that GPU prices are the lowest in months. We started tracking around March when Ethereum was in the $ 1,800 range, and the numbers for some cards seem like prices have dropped to roughly their late January through early February levels. GPU prices are still not good, but they're trending in the right direction right now.

If you're desperate for a current-gen GPU and are willing to pay scalper prices, the Radeon RX 6700 XT remains the most affordable graphics card on the market when it comes to cost per frame. That's because RDNA2 is worse than Amp GPUs for mining, especially if Amp isn't limited to LHR. The 6700 XT is over 30% cheaper than the RTX 3070, while GPUs like the RTX 3090 and RTX 3080 Ti continue to be the worst.

We can also get some insight into why prices are what they are now when we look at the profitability of mining. With the current rates of return on investment, which can be seen on the Whattomine website, with an output of 10 c / kWh, it will generally take at least 10 months for someone to buy a new GPU to achieve profitability – much longer than the previous ones Months.

It is also interesting how long it takes when someone buys a GPU on the scalper market to pay back the inflated price through mining. In other words, how long it takes to pay the difference between the average eBay price and the card's MSRP. That's about 200 days or six and a half months on average, and it requires profitability to stay exactly the same over the entire period as it is now.

With this data, you can see why some miners are choosing to leave the business and why mining difficulties have decreased over the past month. It's a delicate balancing act between profitability, time-to-profit and the value of graphics cards in the used market now and in the future. As profitability and resale value continue to decrease and the time to profitability increases, mining becomes a riskier investment.

I also wanted to spend some time looking at the used market and setting up the process of tracking used prices in the coming months for older generation cards.

Have the prices on the used market also decreased in line with the new generation of GPUs? You can bet they have it.

RRP eBay average price in May eBay average price June Current price inflation Price increase May to June
GeForce RTX 2080 Ti $ 1,000 $ 1,458 $ 1,219 22% -16%
GeForce RTX 2080 Super $ 700 $ 1,047 $ 887 27% -fifteen%
GeForce RTX 2080 $ 700 $ 953 $ 834 19% -12%
GeForce RTX 2070 Super $ 500 $ 881 $ 784 57% -11%
GeForce RTX 2070 $ 500 $ 838 $ 678 36% -19%
GeForce RTX 2060 Super $ 400 $ 800 $ 707 77% -12%
GeForce RTX 2060 $ 350 $ 641 $ 549 57% -14%
Average 42% -14%

First up, we have the GeForce RTX 20 series. The prices of used models have fallen by an average of 14%, and while most are still being sold above their market price, that gap is narrowing. Unfortunately, GPUs like the RTX 2060 remain pathetically overpriced due to the lack of newer cards in this performance level. So while you only need to spend about $ 100 above the introductory price of an RTX 2080, you need to spend $ 200 above the introductory price to get a 2060.

RRP eBay average price in May eBay average price June Current price inflation Price increase May to June
GeForce GTX 1660 Ti $ 280 $ 585 $ 481 72% -18%
GeForce GTX 1660 Super $ 230 $ 582 $ 495 115% -fifteen%
GeForce GTX 1660 $ 220 $ 497 $ 430 95% -13%
GeForce GTX 1650 Super $ 160 $ 346 $ 326 104% -6%
GeForce GTX 1650 $ 150 $ 299 $ 295 97% -1%
Average 97% -11%

An interesting trend can be seen in the GeForce GTX 16 series and the prices for entry-level GPUs. The GTX 1650, and to a lesser extent the GTX 1650 Super, have barely fallen in price while the cards around them give way more noticeably. This is because these cards, with their 4GB of VRAM buffers and low memory bandwidth, are generally not suitable for mining, so prices are less tied to the profitability of mining and more to the prices of other GPUs. Other than that, the GTX 1650 is a terrible deal right now.

Nvidia Pascal GPUs have price drops a bit higher than Turing's, but they follow a similar trend. High-end GPUs like the GTX 1080 Ti have fallen in price more than a card like the GTX 1060 6GB or 3GB. In fact, everything from the GTX 1070 and above is roughly the same as the launch RRP – not a great situation, but better than other product lines. However, the GTX 1060 remains inflated for the reasons mentioned.

RRP eBay average price in May eBay average price June Current price inflation Price increase May to June
GeForce GTX 1080 Ti $ 700 $ 855 $ 689 -2% -19%
GeForce GTX 1080 $ 600 $ 606 $ 526 -12% -13%
GeForce GTX 1070 Ti $ 450 $ 575 $ 467 4% -19%
GeForce GTX 1070 $ 380 $ 498 $ 403 6% -19%
GeForce GTX 1060 6GB $ 250 $ 366 $ 327 31% -11%
GeForce GTX 1060 3GB $ 200 $ 255 $ 234 17% -8th%
Average 7% -fifteen%

Anyone who was lucky enough to purchase an AMD Radeon RX 5000 series GPU has almost hit the jackpot on the used market. That's because the 5000 series is good at mining, the 5700 XT, for example, has profitability levels comparable to the RTX 2080 and RTX 3070 as opposed to the RTX 2070, which is their closest competitor for gaming. While the RTX 2070 sold for about $ 840 in the used market last month, 5700 XTs grossed nearly $ 1,200 and are still more than double their launch MSRP today. The pricing in this case is heavily dependent on the profitability of the mining industry.

RRP eBay average price in May eBay average price June Current price inflation Price increase May to June
Radeon 5700 XT $ 400 $ 1,184 $ 895 124% -24%
Radeon 5700 $ 350 $ 1,035 $ 806 130% -22%
Radeon 5600 XT $ 280 $ 754 $ 604 116% -20%
Radeon 5500 XT 8GB $ 200 $ 507 $ 440 120% -13%
Average 122% -20%

It also puts current 5700 XT owners in a somewhat strange, if lucrative, position. If you're not into mining at all, the 5700 XT is actually better at mining than the RX 6700 XT, but about 23% slower for 1440p gaming. With used 5700 XTs for around $ 900 and new 6700 XTs for around $ 900, 5700 XT owners have the chance to take advantage of the second-hand market and get a faster gaming GPU for practically nothing.

Older Radeon GPUs face a similar predicament as prices remain very inflated compared to introductory prices as both Vega and Polaris GPUs are great at mining, provided you get one with an 8GB VRAM Buffer in the case of the RX 580 and RX 570 GTX 1060 is a much better value than the RX 580 for those looking for a GPU in the $ 300 range.

Wrap up

A key takeaway from this month's update is that GPU prices are improving. Slowly. We don't have a clear indication of when graphics cards will get back to normal, and who knows, we might come back next month to report that GPU prices have gone up. But at least for now, the current market trend is a positive sign for gamers who have been waiting a long time to get their hands on a new graphics card.

Despite a touch of positivity, I wouldn't recommend anyone paying current scalper prices or retail GPU prices. With most cards still costing at least twice their MSRP, most products either remain of poor value when compared to other products currently available or in previous years. Hopefully, if you've been patient for that long, you can take it longer.

However, it is worth researching the market to see if there are any anomalies that you can take advantage of. The road to upgrading a 5700 XT to a 6700 XT is interesting considering that you probably care about gaming, not mining performance.

What do we do now? For now, we'll keep tracking GPU prices and see how things play out. What we're seeing now isn't entirely different from the previous mining boom, so we'll keep an eye on the trends and keep you updated.

Purchase abbreviation:
  • AMD Ryzen 7 5800X on Amazon
  • Intel Core i7-10700KF on Amazon
  • AMD Ryzen 5 5600X on Amazon
  • Intel Core i5-11400F at Amazon
  • Intel Core i5-11600K on Amazon
  • Nvidia GeForce RTX 3070 on Amazon
  • AMD Radeon RX 6800 on Amazon

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