Right time to mine Ethereum? GPU Prices Dropped in February


Video cards (GPU), the electronic devices used to mine cryptocurrencies such as Ether (ETH), recorded a drop in their prices during February. This is positive news for those who want to get into the business, although they continue to trade at high prices, based on the fact that many of them are high-end or just entered the market.

According to the prices of eBay, one of the main e-commerce pages in Spain, There is a downward trend in the price of this equipment. There is talk of an 11% reduction in the costs of these devices, which are used by society in general player and the mining community (including video editors and designers).

However, GPUs continue to sell at prices over $1,000 in many cases. The good thing is that the year is just beginning and there is a drop that new miners can use.

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This drop, which dates back several months, comes after GPUs reached completely inflated prices, something that began with the onset of the COVID-19 pandemic. At that time, manufacturers faced labor restrictions, which led to the high cost of their products.

The minimum drop was 6.7% and the maximum was 15.5%

But the story is starting to change. For example, in the unique case of cards offered by Nvidia, one of the largest manufacturers of this type of equipment, Most GPUs have reported lower prices. The minimum drop was 6.7% and the maximum was 15.5%, according to Tom’s Hardware.

In detail, the GeForce RTX 3090 GPU traded for $2,341 in February, a -10.2% difference over the price in January, when it retailed for $2,609.

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In another similar example, the GeForce RTX 3080 went from $1,613 in January to $1,440 in February, a 10.7% price drop. Meanwhile, the GeForce RTX 3070 hit $988 in February, down from $1,086 in January, eBay explains.

The card that saw the biggest drop was the GeForce RTX 3050, which went from $539 to $455. A 15.5% drop in the GPU released on January 27 this year.

Most Nvidia GPUs reported lower prices during February. Source: Tom’s Hardware.

The interesting thing is that most Nvidia video cards reported graphics dips during February. The rest, from other brands, have variable behaviour. However, the most popular GPUs, according to this medium’s study, are the RTX 3080 and RTX 3060, from the company based in Santa Clara, California, United States.

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It is not likely to know the behavior of GPUs during the year

It’s unlikely that we’ll know what behavior the GPUs will have over the rest of the year, since Video card costs vary based on many factorssuch as the video game market, the cryptocurrency market, the epidemic, and other factors that affect these prices.

In addition, there are still problems with supply chains, something that could be exacerbated (albeit to a small extent) with the ongoing war between Ukraine and Russia, Countries where materials for the manufacture of this type of electronic equipment are usually produced.

Incompatible, and as CriptoNoticias reported in recent days, the outbreak of an omicron variant of COVID-19 alarmed GPU manufacturing, as it would have affected the supply of PMIC chips, Essential for the production of cryptocurrency mining hardware.

Several Nvidia graphics cards had a price drop graph in February. Source: Tom’s Hardware.

In any case, it is plausible that the price of GPUs this year will remain in flux. I saw it in just two months It seems to indicate greater access to these productsalthough relativity fully enters there.

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