Graphics card price drops 45% in China as mining crashes

The market and value of graphics cards was significantly compromised by the scarcity of components. But also with the mining of cryptocurrencies. Available units flew off the shelves and prices soared, making it unaffordable and almost impossible for gamers to buy.

However, we recently revealed good news that the value of GPUs is showing signs of normalization in Europe. And now there is information that the price of graphics cards has dropped by about 45% in China after the decline in the practice of cryptocurrency mining.

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Graphics cards are currently one of the most desirable and scarce equipment on the market, especially the new and powerful models from Nvidia. The great demand for GPUs promoted the increase in the price of these products, leaving consumers with their nerves on edge.

But it’s not just the scarcity of components that explains this problem. The cryptocurrency mining was also one of the main culprits in this scenario, ending up removing the few units that still existed from the players’ hands.

On the other hand, it seems that the situation is normalizing, with the stock and price of graphics cards in some European countries showing signs of recovery. And there is now more evidence of this possible normalization.

GPU price drops 45% in China with mining crash

According to what was reported by the website South China Morning Post this Monday (21), the prices of graphics cards in the Chinese market began to drop significantly in recent weeks. This drop was caused by a number of factors, but the main one is related to the recent measures taken by the government of China to ban cryptocurrencies in banks and payment systems.

As a result, the mining of digital coins fell in the country, also decreasing the demand for graphics cards for this purpose.

In this sense, the website Tom’s Hardware conducted a survey of Nvidia RTX 30 models on the official websites of the different partner manufacturers and confirmed this price drop. On some models, such as the GeForce RTX 3060, the reduction was 45%, as shown in the table below.

In short, it is estimated that in the near future there will be more signs of this long-awaited normalization by consumers, especially players.

At the same time, according to the recent updates, the value of the main Bitcoin and Ethereum cryptocurrencies has shown several moments of decline. And this trend essentially takes place after the new rules and restrictions imposed by China.


Source: Pplware by pplware.sapo.pt.

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