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Galax's GeForce RTX 3060 LHR Hits the Market for Nearly $1,000

Galax 3060 LHR
(Image credit: Oversystem)

When Nvidia and its partners introduced their Light Hash Rate versions of the latest GeForce RTX 30-series graphics cards, they wanted these boards to be cheaper than original products because of lower demand from miners. Palit Microsystems is among the first to start selling its Galax-branded GeForce RTX 3060 LHR products in South Korea, but it looks like these cards are not exactly cheap. 

Oversystem, a South Korean store, this week started to sell Galax's GeForce RTX 3060 LHR graphics cards with 12GB of GDDR6 memory at a discount price of 1,080,000 KRW ($966), reports VideoCardz. The card carries Nvidia's GA106-302 GPU with up to 1792 MHz clock, which is in line with developer's recommendation.  

Nvidia's official MSRP of its GeForce RTX 3060 is $329, so at $966 Oversystem are selling the board at almost three times the MSRP. Of course, prices in South Korea differ from those in the U.S., but it is still evident that the price of Galax's GeForce RTX 3060 LHR is indeed very high. 

Many market observers attributed recent price hikes of graphics cards to strong demand by Ethereum miners. While miners did worsen shortages of graphics boards, the price of LHR-series 'anti-mining' products demonstrate that supply still cannot meet demand even for products that pose no interest for miners.

  • sepuko
    If idiots stop buying that sh*t at just any price maybe it will go down. Yet I am sure this obscenely overpriced low end graphics card will sell like mcdonalds cancer. Go figure.
    Reply
  • Jake Hall
    ^exactly
    Reply
  • spongiemaster
    This pricing isn't indicative of what will happen in the US and is pretty much useless information to anyone who doesn't live in South Korea. Regular 3060's with no limiter are selling for below $900 pretty regularly on Ebay. So an LHR model should sell for less than that. By how much is yet to be determined.
    Reply
  • ClapTrapper
    spongiemaster said:
    This pricing isn't indicative of what will happen in the US and is pretty much useless information to anyone who doesn't live in South Korea. Regular 3060's with no limiter are selling for below $900 pretty regularly on Ebay. So an LHR model should sell for less than that. By how much is yet to be determined.
    BELOW $900????
    I hope so!
    The MSRP is $350 and that is borderline rip-off for what it is.
    Reply
  • ClapTrapper
    Admin said:
    Nvidia's GeForce RTX 30-series LHR cards may not be as cheap as expected.

    Galax's GeForce RTX 3060 LHR Hits the Market For Nearly $1,000 : Read more
    They are taking away a feature (mining),so if we weren't living in Clown World right now,they should be CHEAPER than expected.

    But,since we are in Clown World, you won't be able to buy it anyway.

    I guess I'll just keep holding my breath for the next amazing release of a miraculous product that is impossible to buy.

    Thanks NVidia! Keep 'em coming!

    Honk! Honk!
    Reply
  • spongiemaster
    ClapTrapper said:
    BELOW $900????
    I hope so!
    The MSRP is $350 and that is borderline rip-off for what it is.
    Yup. Obviously, I'm not saying the prices aren't jacked up. All I'm saying is this article is a waste of space and useless to everyone outside of South Kore which I would assume is almost everyone here.
    Reply
  • digitalgriffin
    As always it is supply:demand ratio

    The number of LHR chips may be low thus creating a perceived low supply:high demand situation. The rest may be allocated to Mining dedicated chip supply.

    There have been several reports that stated that production is all an all time high for NVIDIA unit counts. (This is of their entire history of chipsets, not just this gen) This means there shouldn't be a supply issue if NVIDIA creates enough LHR chips. So if prices stay high, NVIDIA is just playing shell games and diverting most of the supply to much higher margin mining equipment.
    Reply
  • Pollopesca
    Why pay the 3x markup to scalpers when you can skip the middle man and over pay more at the store! :ROFLMAO:
    Reply
  • BTM18
    Prices are msrp (or close to it) at EVGA if your on the waiting list. Just got a notice for a RTX3060 12G yesterday at $399.
    Reply
  • ClapTrapper
    BTM18 said:
    Prices are msrp (or close to it) at EVGA if your on the waiting list. Just got a notice for a RTX3060 12G yesterday at $399.
    When did you sign up? I am trying to determine the lag time.
    Reply