NVIDIA RTX 3080 GPU Prices Fall Off A Cliff Overnight In Australia, Global Prices Should Follow

In continuation of yesterday’s report on NVIDIA cutting GPU prices, many other sources are now confirming the trend of falling prices. HardwareUnboxed’s tweet (via videocardz), which states that the RTX3080 GPU prices in Australia fell from $2299 down to $1499 AUD overnight, a drop of more than 35%. This is combined with the fact many retailers are trying to reduce their stock in case of a bubble burst, and you have the perfect conditions for a huge fall in global GPU prices.

In March 2022, global GPU prices continued to fall. Some GPUs have their lowest prices in two decades.

The GPU in question is an ASUS GeForce RTX3080 TUF Gaming OC, which saw its price drop by 35% overnight.

It is not unusual for GPU prices to fall by 35% overnight. This likely means that some retailers are trying to reduce the cost of their GPUs. We will also see retailers looking to cut costs to get rid GPU inventory as the prices rise. The Ethereum 2.0 merger will bring about a halving of profitability for GPU mining. This will increase the return on investment (ROI) of a GPU by doubling it and decrease the mining premium. While we are still experiencing a shortage of semiconductors, miners have been selling their operations and the flood of used GPUs will seriously impact global prices.

3DCenter, who have been monitoring GPU aggregates for a while, has tweeted that the high-end RTX 3090 price is at its lowest since August last year (and slated to drop further). It is possible that NVIDIA will continue to produce the RTX30 series alongside the RTX40 series, which could help increase supply. This is because the series are made at different foundries (Samsung vs TSMC). NVIDIA effectively doubles their wafer allocation (from a single findry).

We strongly recommend that you wait if you are in the market for a GPU. Global trends for GPU prices are clearly on the downwards side and it is sensible to wait. Prices could actually reach the MSRPs within a few months, as mining demand slows down and the accumulated supply of second-hand GPUs from miners satisfies most GPU demand. Intel will also launch its Alchemist GPU line this year. This will increase GPU supply.

In continuation of yesterday’s report on NVIDIA cutting GPU prices, many other sources are now confirming the trend of falling prices. HardwareUnboxed’s tweet (via videocardz), which states that the RTX3080 GPU prices in Australia fell from $2299 down to $1499 AUD overnight, a drop of more than 35%. This is combined with the fact many retailers are trying to reduce their stock in case of a bubble burst, and you have the perfect conditions for a huge fall in global GPU prices.

In March 2022, global GPU prices continued to fall. Some GPUs have their lowest prices in two decades.

The GPU in question is an ASUS GeForce RTX3080 TUF Gaming OC, which saw its price drop by 35% overnight.

It is not unusual for GPU prices to fall by 35% overnight. This likely means that some retailers are trying to reduce the cost of their GPUs. We will also see retailers looking to cut costs to get rid GPU inventory as the prices rise. The Ethereum 2.0 merger will bring about a halving of profitability for GPU mining. This will increase the return on investment (ROI) of a GPU by doubling it and decrease the mining premium. While we are still experiencing a shortage of semiconductors, miners have been selling their operations and the flood of used GPUs will seriously impact global prices.

3DCenter, who have been monitoring GPU aggregates for a while, has tweeted that the high-end RTX 3090 price is at its lowest since August last year (and slated to drop further). It is possible that NVIDIA will continue to produce the RTX30 series alongside the RTX40 series, which could help increase supply. This is because the series are made at different foundries (Samsung vs TSMC). NVIDIA effectively doubles their wafer allocation (from a single findry).

We strongly recommend that you wait if you are in the market for a GPU. Global trends for GPU prices are clearly on the downwards side and it is sensible to wait. Prices could actually reach the MSRPs within a few months, as mining demand slows down and the accumulated supply of second-hand GPUs from miners satisfies most GPU demand. Intel will also launch its Alchemist GPU line this year. This will increase GPU supply.

 

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