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As Crypto Tanks, High-End PC Graphics Cards Get Cheaper
The Nvidia GeForce RTX 3080 graphics card you need for your “Extreme Gaming PC” build is still scarce but growing cheaper. Bitcoin and other blockchain currencies have plummeted in value, leading some analysts to predict a new “crypto winter.” Those who want to play Starfield on high settings later this year should avoid the server farms.
According to CNBC, Bitcoin and Ethereum are both down roughly 50% from recent highs. The shift is already appearing as small price movement in the supply-constrained world of PC gaming.
Prices of most popular models have started to fall from their peak a month ago, according to Tom's Hardware. Prices have fallen by double digits in several cases. A 4.5 per cent discount on an RTX 3080 Ti may not sound like much, but given the cards' starting prices, that amounts to over $US100 less than a month ago. RTX 3080 10GB cards dropped from $US1,804 to $US1,595.
It is expected that Nvidia GPU supply will improve in the second half of 2020 but that overall shortages and consequently high costs would likely endure into 2023. Recent crypto mining booms have fuelled inflated demand. During the pandemic, Bitcoin, Dogecoin, and other assets skyrocketed, resulting in a bonanza for those with the processing power to serve the blockchain.
However, the tide appears to be turning in favour of inexpensive graphics cards in crypto. Last month, Fed Chair Jerome Powell hinted at rate hikes. Meme stocks like GameStop and AMC are also collapsing. Hopefully, more affordable PC gaming doesn't mean another recession.
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By Crypto PiratesThe Nvidia GeForce RTX 3080 graphics card you need for your “Extreme Gaming PC” build is still scarce but growing cheaper. Bitcoin and other blockchain currencies have plummeted in value, leading some analysts to predict a new “crypto winter.” Those who want to play Starfield on high settings later this year should avoid the server farms.
According to CNBC, Bitcoin and Ethereum are both down roughly 50% from recent highs. The shift is already appearing as small price movement in the supply-constrained world of PC gaming.
Prices of most popular models have started to fall from their peak a month ago, according to Tom's Hardware. Prices have fallen by double digits in several cases. A 4.5 per cent discount on an RTX 3080 Ti may not sound like much, but given the cards' starting prices, that amounts to over $US100 less than a month ago. RTX 3080 10GB cards dropped from $US1,804 to $US1,595.
It is expected that Nvidia GPU supply will improve in the second half of 2020 but that overall shortages and consequently high costs would likely endure into 2023. Recent crypto mining booms have fuelled inflated demand. During the pandemic, Bitcoin, Dogecoin, and other assets skyrocketed, resulting in a bonanza for those with the processing power to serve the blockchain.
However, the tide appears to be turning in favour of inexpensive graphics cards in crypto. Last month, Fed Chair Jerome Powell hinted at rate hikes. Meme stocks like GameStop and AMC are also collapsing. Hopefully, more affordable PC gaming doesn't mean another recession.
Support us!