Graphics Card Prices Set to Fall Amid Lower Demand
Posted: September 30,2023
The COVID-19 pandemic drove demand for PC hardware to unprecedented levels, making it difficult for manufacturers to keep up. This caused a spike in prices of high-end graphics cards throughout recent quarters. However, the latest projections indicate that customers will soon be able to purchase graphics cards at more reasonable prices.
Gamers and miners are the main culprits behind the price hike and the reason why these products have been flying off the shelves. But although demand among gamers is expected to remain the same, China’s crackdown on cryptocurrency mining and trading will likely reduce demand for graphics cards among mining farms.
Due to China’s new regulations as well as multiple other factors, including criticism of the entire cryptocurrency industry by the co-founder of Dogecoin, Jackson Palmer, many major digital currencies are tumbling. For instance, the price of Ether has been falling steadily since April.
With mining becoming less profitable, a growing number of mining farms will be forced to sell off their hardware, meaning that the second-hand market is going to be flooded with used components. This should further drive down the prices of the boards. Meanwhile, the new technology lineup going on sale soon is expected to bring things back to normal in the second part of the year.
The new graphics cards are also expected to throw the spotlight on other hardware products, which means that even the smaller manufacturers such as Asus, ASRock, Gigabyte, and MSI can expect their sales to grow.
But despite these optimistic projections, some are still concerned that the cryptocurrency industry won’t remain subdued for long, and its resurgence would increase demand for PC hardware all over again.
Luckily, even if crypto mining regains its popularity, companies like AMD and Nvidia have improved their GPU supplies, which should help moderate the potential price jump.
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While Damjan started his career in humanities, his interests quickly moved on to the tech and IT world. VPNs, antiviruses, firewalls, password managers - cybersecurity is what he knows best. When Damjan’s not losing hair over the dwindling of our collective sense of tech safety, you’ll find him looking for solace in 100-hour-long RPGs and rage-inducing MOBAs.