Nvidia Says Cryptocurrency Miners Continue to Hoard GPUs as 'Gamers Come First' , II Even without price gouging, most Nvidia graphics cards cost more now than in 2016 , II
Below we've compiled an overview of the unusual price history of the GTX 1050, 1060, 1070, and 1080 over their lifetimes on Amazon using CamelCamelCamel. At first, these cards follow a familiar trajectory, seeing occasional sales after release. But starting in mid-2017, a boom in Ethereum mining sent those prices creeping back up, and they haven't fully come back down since.
GTX 1050
In February 2017, EVGA sold this card directly on its website for $140, slightly more than it cost on Amazon. Today, it's listed on the website for $170 (and is out of stock). On the green line (Amazon) you can see a brief window where the card was out of stock in the summer of 2017 as Ethereum mining was especially popular. It's currently out of stock on Amazon, but is still set at that $140 price.
The Gigabyte 1050 Windforce launched with a $130 MSRP, which has since risen on Amazon to a base price of $150. Third-party sellers, meanwhile, have raised the price even higher than the EVGA card above, to more than $220. Overall, its Amazon price was more consistent, staying at $130 with a few minor spikes, until January of this year, when the crypto boom again hit graphics cards hard.
GTX 1060
The longer lifetime and erratic third-party pricing makes this spreadsheet tough to read. The EVGA 1060 3GB Gaming currently costs $240 on EVGA's website. In August 2016, when it first became available, it was $200. Third-party pricing peaked at $562 this January, 17 months after the card was first on sale.
One of the most dramatic price increases of last summer's mining boom. This 3GB 1060 card from Gigabyte, which released at $200, cost over $700 from third-party sellers for a brief window. It again came close to hitting that high this January, and currently sells for more than double its MSRP.
The 6GB models of the 1060 have been hit equally hard. EVGA currently has this card listed on its website for $310 (though it's sold out, like the rest). When it first appeared in September 2016, it was listed at $280. Overall that's a small price increase, but after more than a year, we'd expect the price to drop, were it not for the crypto craziness.
GTX 1070
GTX 1080
The ROG Strix 1080 started at $670 on Amazon, with several price drops in the fall of 2016 taking it down to $610-$640. The price continued to fall, as you'd expect, but has now settled at $580, a more expensive price than it's regularly had since last summer. The third-party price, meanwhile, is through the roof.
The Gigabyte G1 Gaming is actually selling for more than it did at launch, putting it in line with some of the lower-end cards above. Cryptocurrency mining has obviously affected its price significantly this winter and the summer of 2017. Third-party pricing now exceeds the costs for the card when it was first available (and scarce, thanks to high demand) in summer 2016.
What's next?
Short answer: we don't know. For the sake of an easy comparison, I stuck with Nvidia's 10-series cards, but they're not the only ones affected by the crypto craze. AMD's cards have been similarly overpriced and out of stock. Cryptocurrency prices have taken a major beating in January, making it plausible that demand for new cards will cool off soon. But they may not: Bitcoin, Ethereum and all the rest are rising and falling dramatically.
Long-term, there are even more concerns. It's reasonable to assume that the fabrication facilities that are making both AMD and Nvidia GPUs are running at a high capacity. When a company is able to sell more than every processor it can produce, the impetus to create something that's newer, better, faster, and cheaper obviously drops off.
In other words, not only is cryptocurrency mining making it difficult to buy graphics cards right now, but it could be delaying faster graphics cards from entering the market in the future. Have some salt in your wounds.
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