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GPU Prices 2022: Hitting the Brakes

Here's the update from July 1, 2022, covering the June 2022 data. Text below this point remains unmodified.

Other than the introduction of the rather lackluster GeForce GTX 1630, which cuts performance quite a bit compared to the GTX 1650 but currently sells at a higher price, there aren't any new GPUs slated to arrive until RDNA 3 and Ada Lovelace drop. We're not going to bother adding the 1630 to our pricing list just yet, since it's only been available a few days, and pricing and availability aren't yet sorted out.

As we've been predicting for a while, GPU prices continue to drop on a monthly basis. Bitcoin and Ethereum also fell to their lowest points since January 2021, with GPU mining profitability and returns now floating in the toilet. That's resulted in more mining firms shutting down and selling off inventory, though we expect many more will come in the next few months unless cryptocurrencies rebound in dramatic fashion.

Compared to the previous month's worth of data from May, eBay prices on current generation GPUs dropped by 17% (looking at average price per GPU sold). The previous generation GPUs were hit even harder, with prices that were 20% lower on average. Buying a used graphics card has some risks, however, so even if the prices look a lot better now, we wouldn't necessarily recommend going that route — not unless you're comfortable servicing the card or potentially returning it for a refund.

As things currently stand, 14 of the 21 current generation graphics cards are selling on eBay for less than the official MSRPs, and four of those GPUs are only a few percent above MSRP. The RTX 3060 Ti, RTX 3060, and RTX 3050 are the only cards that cost over 10% more than MSRP now — not that the MSRPs are necessarily reasonable either. Here's the overview of eBay GPU sales for the month of June 2022.

Nvidia Ampere and AMD RDNA2 GPUs: eBay Pricing for June 2022
GPUAvg eBay PriceQTY SoldLast PriceMonthly ChangeGross SalesFPS/$
GeForce RTX 3090 Ti (opens in new tab)$1,538107$1,829-15.9%$164,5990.0861
GeForce RTX 3090 (opens in new tab)$1,098885$1,438-23.7%$971,5880.1153
GeForce RTX 3080 Ti (opens in new tab)$956499$1,134-15.7%$476,9140.1291
GeForce RTX 3080 12GB (opens in new tab)$83540$959-13.0%$33,3890.1492
GeForce RTX 3080 (opens in new tab)$7281134$899-19.0%$825,9150.1596
GeForce RTX 3070 Ti (opens in new tab)$620634$710-12.6%$393,2960.1678
GeForce RTX 3070 (opens in new tab)$5181472$641-19.3%$761,9960.1927
GeForce RTX 3060 Ti (opens in new tab)$4611324$579-20.4%$610,0460.1986
GeForce RTX 3060 (opens in new tab)$379646$424-10.6%$244,5560.1854
GeForce RTX 3050 (opens in new tab)$304124$315-3.3%$37,7560.1689
Radeon RX 6950 XT (opens in new tab)$1,06910$1,600-33.2%$10,6930.1284
Radeon RX 6900 XT (opens in new tab)$767176$875-12.4%$134,9080.1692
Radeon RX 6800 XT (opens in new tab)$625228$767-18.6%$142,3930.1978
Radeon RX 6800 (opens in new tab)$551148$655-15.9%$81,5470.2010
Radeon RX 6750 XT (opens in new tab)$5135$5110.3%$2,5650.1973
Radeon RX 6700 XT (opens in new tab)$407421$477-14.7%$171,3220.2353
Radeon RX 6650 XT (opens in new tab)$36843$400-8.0%$15,8170.2172
Radeon RX 6600 XT (opens in new tab)$299417$350-14.6%$124,5700.2613
Radeon RX 6600 (opens in new tab)$258221$290-11.1%$56,9890.2586
Radeon RX 6500 XT (opens in new tab)$17152$192-11.0%$8,8680.1784
Radeon RX 6400 (opens in new tab)$1533$1511.8%$4600.1543

We've add a column showing the month-to-month change in GPU prices on eBay. You can also check our July GPU retail availability update for additional details, where we track retail prices. One key point from that article is that brand-new cards purchased at retail currently cost 13% more than eBay on average, though a few models have a bigger gap. Spending an extra 10%–15% to get a new card instead of a secondhand card represents the more sensible choice these days, in our book.

While the more popular GPUs still tend to sell for close to their official MSRPs, more expensive GPUs like the RTX 3080 Ti, RTX 3090, RTX 3090 Ti, and RX 6900 XT can be had for 20%–25% below MSRP. The RX 6600 XT and RX 6600 also sell for 20% below MSRP, and we'd skip the RX 6650 XT "upgrade" at this point as it costs more for a relatively negligible performance increase.

If you're tempted by these prices, keep in mind that additional drops are almost certainly incoming. There are literally tens of millions of GPUs still being used for Ethereum mining, and while many might be from previous generation architectures, there are certainly plenty of Ampere and RDNA 2 cards that are barely breaking even at current Ethereum and electricity prices. Many of those will likely start flooding the market in the near future.

The monthly volume of GPUs sold on eBay dropped again, by 4%, probably because some hopeful people are still waiting for cryptocurrency prices rebound. That's about the only thing that could stop the falling prices, and so far it hasn't happened. [Fingers crossed]

Nvidia Turing and AMD RDNA GPUs: eBay Pricing for June 2022
GPUAvg eBay PriceQTY SoldLast PriceMonthly ChangeGross SalesFPS/$
GeForce RTX 2080 Ti (opens in new tab)$564292$686-17.8%$164,5800.1703
GeForce RTX 2080 Super (opens in new tab)$407174$498-18.4%$70,7450.2088
GeForce RTX 2080 (opens in new tab)$348157$430-19.0%$54,6770.2360
GeForce RTX 2070 Super (opens in new tab)$342305$409-16.4%$104,1700.2238
GeForce RTX 2070 (opens in new tab)$310157$365-15.0%$48,6810.2190
GeForce RTX 2060 Super (opens in new tab)$298153$370-19.4%$45,6230.2182
GeForce RTX 2060 (opens in new tab)$241328$282-14.6%$78,8940.2295
GeForce GTX 1660 Ti (opens in new tab)$200193$252-20.5%$38,6790.2190
GeForce GTX 1660 Super (opens in new tab)$201506$249-19.3%$101,6200.2212
GeForce GTX 1660 (opens in new tab)$17476$214-19.1%$13,1880.2298
GeForce GTX 1650 Super (opens in new tab)$17182$183-6.4%$14,0510.1938
GeForce GTX 1650 (opens in new tab)$155316$175-11.1%$49,0530.1714
Radeon RX 5700 XT (opens in new tab)$314725$449-30.1%$227,8390.2345
Radeon RX 5700 (opens in new tab)$286133$381-25.1%$37,9860.2270
Radeon RX 5600 XT (opens in new tab)$21574$294-27.0%$15,8910.2705
Radeon RX 5500 XT 8GB (opens in new tab)$17431$216-19.4%$5,4070.2284
Radeon RX 5500 XT 4GB (opens in new tab)$15622$160-2.3%$3,4410.2140

People holding onto previous generation cards also appear to be clearing inventory. Some of them might be gamers who can finally find a current generation card in stock at not-obscene prices, though certainly a lot of these cards were used for mining as well. Since these cards are generally two to four years old, prices are falling more quickly than on the newer models, and the average GPU price for Turing and RDNA1 cards was down 20% compared to last month.

AMD's RX 5700 XT, RX 5700, and RX 5600 XT saw the biggest drop in eBay prices, by 25%–30%. The first two in particular were popular with miners, and are now selling for about one third the price compared to the beginning of 2022. Elsewhere, the only previous gen GPUs that didn't see at least a 15% drop in price on eBay were the GTX 1650 Super, GTX 1650, and RX 5500 XT 4GB — all budget-class GPUs that were already getting pretty cheap.

One unfortunate fact about Nvidia's recent introduction of the GTX 1630 is that it suggests Nvidia isn't actively making more GTX 16-series cards. It probably had some TU117 chips that couldn't work as a GTX 1650, and now it's selling those off as cut-down 1630 cards. The fact that we're seeing prices of over $150 for such cards doesn't bode well for the supply of additional 1650 or 1650 Super GPUs.

June GPU Pricing Summary: Checking the Used Card Lots

GPU prices: Used graphics cards are like used cars

(Image credit: Shutterstock)

Secondhand markets like eBay are becoming the used car lots of the GPU world. The good news for potential buyers is that the glut of cards should continue to push down GPU prices. The bad news is that some of the cards might not function all that well. Still, there's a lot you can do to refurbish a used card and get performance back up to where it was when it was new, sometimes higher.

Despite their high prices, many graphics cards don't use top-tier thermal pads on the GDDR6 and GDDR6X memory. Miners who didn't bother replacing the pads due to the time required may pass on a "flaky" GPU, where $25 and an hour of work could get it working great. However, it's also possible to end up with an "RTX 3080" that only has 8GB of memory still working — we've heard of at least one such card in the wild. That's still better than a 3070 or even 3070 Ti, but definitely not worth paying $700 or more.

If you're willing to take the risk, pick up some good quality thermal pads (opens in new tab) and some of the best thermal paste, and be prepared to kick the tires, take a test drive, and return the card if necessary. I recently helped a friend service an RTX 3080 and dropped the memory temperatures from 104C–106C while gaming (110C with mining) down to 74C–80C. Yes, it was a card that was previously used for mining, but now it's running games as fast as any other RTX 3080 I've tested.

There are now rumblings of AMD and Nvidia cutting back on their TSMC 5nm wafer orders, likely due to the glut of existing cards still in the channel. That's not good news for people hoping to get a next-generation GPU at a reasonable price, but we'll see how things shape up in the next few months. Hopefully, Ada and RDNA 3 still arrive on schedule and in sufficient quantities — and the dropping GPU prices make us more optimistic that the initial cards won't immediately end up in scalper hands.

Jarred Walton
Jarred Walton

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).
    Reply
  • exploding_psu
    Me blindly buying a second-hand Vega 56 above MSRP years ago didn't look so bad now
    Reply
  • 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.
    Reply
  • 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.
    Reply
  • 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.
    Reply
  • 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.
    Reply
  • 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.
    Reply
  • daworstplaya
    Clarence_Darrow said:
    Ebay makes far too much money to ever do this willingly.

    ^This!
    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.
    Reply
  • 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,
    Reply
  • 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
    Reply