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GPU Prices, April 2022: The Mining Exodus Continues

We've switched to bi-weekly updates for our GPU pricing index, tracking the best graphics cards and the newest additions to our GPU benchmarks hierarchy. Here's the historical data for the first two weeks of March 2021.

Ampere and RDNA2 GPUs: eBay Pricing
Graphics CardAverage eBay PriceQTY Sold
GeForce RTX 3090$3,063545
GeForce RTX 3080$2,246654
GeForce RTX 3070$1,3811112
GeForce RTX 3060 Ti$1,320325
GeForce RTX 3060 12GB$922600
Radeon RX 6900 XT$1,845120
Radeon RX 6800 XT$1,511139
Radeon RX 6800$1,31468
Radeon RX 6700 XT$944315

The past two weeks haven't really changed things much. Nvidia's GPUs have all increased slightly in prices, with the exception of the RTX 3060 12GB. AMD's GPUs meanwhile have all dropped slightly in pricing. We're looking at slightly more data than last time (14 days vs. 11 days), so while volumes are a bit higher it's mostly just noise in the matrix.

Most of Nvidia's GPUs are selling on eBay for close to triple their official MSRP. That's partly because most of the MSRPs are basically fantasy land right now, unfortunately. The RTX 3090 is 'only' double its launch price, which was already extreme but sort of seems quaint in today's market.

AMD's GPUs are a bit closer to double the MSRP on average. Again, the most expensive 6900 XT actually goes for less than twice the MSRP on eBay, though of course quantities are more limited.

The data still has a strong correlation with Ethereum mining profitability. The good news is that mining profits may have dropped a bit during the past two weeks, despite increases in Ethereum and Bitcoin pricing. That's because the difficulty of mining Ethereum has increased as well. Ethereum's difficulty right now sits at 6847 TH, an 11% increase since March 31. The price went up 17% as well, however, so miners certainly aren't slowing down yet.

Nvidia continues to outsell AMD — on eBay at least — by a factor of around five to one. The RTX 3070 remains the most sold GPU, nearly double the next two closest options (3080 and 3060 Ti). Nvidia also has much higher average selling prices, with total sales nearly seven times higher than AMD's figure. Considering we're only looking at total sales in the $6.5 million range, however, this is obviously only a tiny fraction of all the AMD and Nvidia GPUs being sold. Nvidia for example claims $150 million in CMP sales for the past quarter, which equates to $25 million per two weeks.

In other words, while the eBay data is readily accessible, it's only a very small part of the total GPU market. Amazon, Newegg, and other retail outlets unfortunately don't provide easily accessible data, but likely have total sales of GPUs at least 10 times higher than eBay.

Weekly Summary: Mostly Flat

GPU Pricing Index: We're sitting on a plateau

(Image credit: Shutterstock)

For the past month or so, GPU prices on eBay have been relatively flat. That suggests the market has reached equilibrium of some form, though that's not really accurate as there are still millions of gamers likely wanting a new GPU and unable to find one at a reasonable price. Nvidia also confirmed what we've been hearing elsewhere, stating that GPU shortages are likely to continue throughout 2021 and into 2022.

Give all the other chip shortages occuring, it's unlikely we'll see anything close to reasonable pricing any time soon. While the world's economy struggles to recover from everything that's happened in the last year, GPUs are only one small piece of the puzzle. Nvidia also mentioned that "Ampere Next" will be coming next year, which means we might see RTX 40-series GPUs before prices return to normal — and we shudder to think how much Nvidia might decide to charge for the first Hopper of its next-gen GPUs.

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