GPU Prices 2022: December Update

Previous Update, September 9–23, 2021:

The volatility in Bitcoin and Ethereum prices continued, and the latest China crackdown on cryptocurrency trading at any level caused the expected tumble in prices. Ethereum is now below $3,000 for the first time in a while, and Bitcoin is approaching the $40K mark. It's a bit too recent to have impacted graphics card prices, but if the current trend continues we could see more GPUs start showing up on sites like eBay.

We're looking at the past two weeks of data for the latest generation graphics cards, for the middle weeks of September. We check eBay's sold auctions, filtering for junk data and confining results to actual real GPUs (as much as possible). Some junk listings may slip through, but we're mostly looking at the overall trends.

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Ampere and RDNA2 GPUs: eBay Pricing
Graphics CardAvg eBay PriceQTY SoldGross Sales
GeForce RTX 3090$2,750647$1,779,030
GeForce RTX 3080 Ti$1,817675$1,226,313
GeForce RTX 3080$1,672888$1,484,470
GeForce RTX 3070 Ti$1,174470$551,836
GeForce RTX 3070$1,213955$1,158,530
GeForce RTX 3060 Ti$9301643$1,527,694
GeForce RTX 3060 12GB$6991581$1,104,566
Radeon RX 6900 XT$1,526109$166,326
Radeon RX 6800 XT$1,328149$197,941
Radeon RX 6800$1,31461$80,181
Radeon RX 6700 XT$869420$364,791
Radeon RX 6600 XT$584727$424,350

With no 17,000 Nvidia Founders Edition GPU restock at Best Buy supplying scalpers with extra cards to sell, unit sales on nearly every Nvidia GPU are down compared to our previous update. The total number of Nvidia cards sold dropped by 15%, with the RTX 3080 Ti being the only card to buck the trend, selling 4% more cards than last time. AMD on the other hand showed overall growth of 16%, thanks mostly to the 60% jump in the number of RX 6600 XT cards sold.

Total sales for Nvidia cards in dollars spent (on eBay) dropped by 16% as well, while money spent on AMD GPUs increased by 10% — more people were buying the cheaper cards, basically. Nvidia GPU prices remained mostly flat, though the RTX 3090 average price went up 5% while the RTX 3080 Ti average price dropped by 3%. AMD GPUs in contrast showed larger swings. The RX 6900 XT average price dropped by 6%, the RX 6800 XT, RX 6800, and RX 6700 XT all increased in average price by 4–7%, and the RX 6600 XT price dropped by 2%.

This is one of the few times where any of AMD's RX 6000-series GPUs outsold multiple Nvidia's RTX 30-series cards. It's also the closest AMD has been to Nvidia in terms of market ratio. Nvidia still outsold AMD by 4.7 GPUs to 1, but that's a lot better than previous updates where the ratio was 6 to 1 or more. Money spent on GPUs still favors Nvidia by 7.2 to 1, though.

Summary: No Crypto-Crash Yet

Bitcoin crash coin disintegrating

(Image credit: Shutterstock)

Despite continued crackdowns on the use of cryptocurrencies in China, we haven't seen the predicted crash in prices. Sure, Bitcoin is down over 33% from its all-time high, and Ethereum is down over 25% from its high, but both are still trading at nearly 10X their price from a year ago.

The current profitability for cryptocurrency mining has also dropped quite a bit since earlier in the year, but the RTX 3080, RTX 3080 Ti, and RTX 3090 can all still net over $5 per day. Other cards like the RTX 3070 and RTX 3060 Ti, along with all the Navi 21 GPUs (RX 6900 XT, RX 6800 XT, and RX 6800) can net about $3.50 per day. That means it would take nearly a year to break even on the cost of the hardware, but clearly there are still people buying cards for mining purposes.

It's not just miners buying GPUs, though. There are still plenty of PC gamers that wouldn't mind an upgrade. Look at the latest generation consoles as another example: Both the PlayStation 5 and Xbox Series X are averaging close to $800 on eBay, 60% more than their official prices. Best-case, we'd expect the latest RTX 30-series and RX 6000-series GPUs to track closer to the console markup, and right now only the cards with the highest MSRP, like the RTX 3080 Ti and RX 6900 XT, are marked up that far.

Actually, that's not quite true. If you want a latest generation graphics card, AMD's RX 6600 XT is only marked up about 50%. So you can buy that card for under $600, a real bargain! (That's sarcasm, FYI.) It's a better deal than the RTX 3060, which costs a bit more and is generally slower in most games that don't use ray tracing, but the most desirable cards cost about double the AMD and Nvidia MSRPs.

If we can get several months in a row of downward trending cryptocurrency prices, and then if the prices stay down — or maybe if we're lucky they'll roll over and play dead — prices on the best graphics cards might finally recover. That's a big "if," unfortunately for PC gamers.

Jarred Walton is a senior editor at Tom's Hardware focusing on everything GPU. He has been working as a tech journalist since 2004, writing for AnandTech, Maximum PC, and PC Gamer. From the first S3 Virge '3D decelerators' to today's GPUs, Jarred keeps up with all the latest graphics trends and is the one to ask about game performance.

  • Kridian
    "The most desirable cards are now selling for close to triple their official launch prices."And THAT my friends, is why we don't buy sh*t on eBay (aka: Scalper's Haven).
  • Exploding PSU
    Me blindly buying a second-hand Vega 56 above MSRP years ago didn't look so bad now
  • Sat32
    This scalping <Mod Edit> needs to end and Nvidia, ASUS, EVGA, MSI, Sony could stop this if they wanted to in a second.
    Years ago I ended up with a DVD exercise program P90 I think, since I didn't want it I listed it on ebay took about 15 minutes for the add to be pulled for copyright infringement.
    I wasn't a authorized dealers and P90 was there copyrighted trademark like Nvidia, ASUS, EVGA, MSI, Sony are all copyrighted trademarks so they do have the ability to stop this.
    People should be able to sell there stuff on ebay and make money but not in this way sucking everything up from every retailer amplifying the shortages for there own benefit.
    Nvidia could simply ask for every add that uses there copyrighted trademarks more then 10% above MSRP pulled down the scalping and bots would disappear overnight.
  • ThisIsMe
    Only eBay can stop this in a heartbeat. All they have to do is ban people from selling new graphics cards or game consoles or whatever for 6 months. That’s it. People need to wise up and boycott eBay altogether until they wise up.
  • excalibur1814
    You know what else needs to stop, on eBay? 0 feedback accounts.

    I've been watching Nikon Z6 auctions for over a month and EVERY single one is bid up to around £850. EVERY. Single.One. All tech item prices are seemingly being inflated and that benefits oems, eBay and share holders. It's annoying. It's obvious. It's so obvious, yet most threads are full of people shouting that it isn't an issue and that there's nothing going on.

    Yeah, okay.
  • LolaGT
    It used to be really easy to track on auction sites with a little detective work.
    It has been many years now since ebay hid the bidding IDs so it was almost impossible to confirm it, and of course now that you can't see the obvious, it doesn't happen as far as ebay is concerned.

    Shill bidding in auctions is the deliberate placing bids on the seller's behalf to artificially drive up the price of his auctioned item. Shill bidding has been known to occur in auctions of high-value items like art and antiques where bidders' valuations differ and the seller's payoff from fraud is high.
  • Clarence_Darrow
    ThisIsMe said:
    Only eBay can stop this in a heartbeat. All they have to do is ban people from selling new graphics cards or game consoles or whatever for 6 months. That’s it. People need to wise up and boycott eBay altogether until they wise up.

    Ebay makes far too much money to ever do this willingly.
  • daworstplaya
    Clarence_Darrow said:
    Ebay makes far too much money to ever do this willingly.

    Honestly in this climate MS and Sony should just stop selling their consoles for a loss and sell the consoles for a higher price themselves and keep the profits vs allowing these low life scalpers (aka leeches) to make a quick buck.

    GPUs are a different story though, what needs to happen is for all the Cryptocurrency servers to be shut down in China and where ever else they are currently running. Kill Crypto and this whole thing goes away. There is absolutely no reason from Crypto currency ponzi scheme to exist.
  • blacknemesist
    At least mining is getting diminished returns, hopefully it keeps dropping more and more and not only do they stop buying they will need to sell them to cut their losses.
    I would be happy if all gamers boycotted the 3xxx series just to let crypto crappers suffer all the losses but that isn't going to happen,
  • Sat32
    Ebay is making money off the scalpers there is no reason for them to stop it. On the other hand Nvidia and it's vendors are dealing with pissed off customers and losing sales with tie in sales. I suggested a solution to this issue one call from one of Nvidia's lawyers letting ebay, stock-x, Facebook market place know if there products are sold on there sites all sellers will need to be authorized resellers. or they can expect legal action seeking damages for copyright infringment