A drop in GPU prices while Nvidia increases production
Home Game News A drop in GPU prices while Nvidia increases production

A drop in GPU prices while Nvidia increases production

by Yasir Khan

Obtaining a GPU in times like this is not an easy task. Scalpers, silicon shortages, and a huge demand for cryptocurrency mining have made it almost impossible for individuals to get a decent graphics card, let alone one at MSRP. However, there is still hope as Nvidia shows an increase in supply for RTX 3060 graphic cards which will be available from June 10. 

These cards will first be accessible to internet cafes first and then to the general public. The prioritization is being given to internet cafes because of China’s thriving internet cafe culture. There are more than 125,000 cafes in China and cafe owners can register graphic cards from the fresh stock in June.   

According to Techspot, this also means supplies are increasing and in time there will be GPUs available for individual gamers. Moreover, since these new cards will come with LHR (limit hash-rate) they will be less useful for mining. 

Reasons for GPU shortage 

One of the leading causes of shortages was cryptocurrency mining. Mining operations have been at an all-time high, with several users building their mining rigs to cash in. According to research 700,000 graphics cards – worth around $500million – were bought by dedicated cryptocurrency miners. 

Following miners, there was a problem of production shortages and scalpers. The latter used bots to finish the stock before an individual user could buy the card online. 

Hope on the horizon 

RTX 3060 cards are increasing in supply and with the recent crackdown of China on mining, there has been a huge drop in GPU prices, at least in China. RTX 3060 is now being sold there for about $700 whereas it previously went for $1100. Here is the chart provided by Tomshardware to give a better perspective on how GPU prices have decreased. 

Graphics CardMay PricingCurrent PricingReduction
MSI GeForce RTX 3080 Ti Gaming X Trio$2,273$2,1655%
MSI GeForce RTX 3070 Gaming X Trio$1,624$1,23724%
Asus TUF Gaming GeForce RTX 3060 OC Edition$1,531$83545%
Colorful iGame GeForce RTX 3060 Ultra OC$1,121$71133%

With cryptocurrency going towards a decline, and with stocks gradually increasing, gamers might soon find it easier to get a hold on a GPU without paying unfair prices to scalpers. 

In other news, Microsoft states that Windows 11 will have special features tailored to gamers in their new flagship OS. You can read about it here.

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