The past two weeks haven't really changed things much. Nvidia's RTX 3090, RTX 3080, and RTX 3060 12GB GPUs dropped slightly in price, while the RTX 3070 and RTX 3060 Ti increased slightly. Similarly, AMD's RX 6900 XT dropped a bit in price while the RX 6800 XT, RX 6800, and RX 6700 XT are all up slightly. Most of the changes are less than 1%, basically noise in the matrix, but the 3080 dropped by 2.1% while the 3060 Ti is up 4.1% and the RX 6700 XT is up 2.7%.
In terms of units sold (on eBay), most of the GPUs had more GPUs sold for the past 15 (14.5, really) day period than the previous 14 day period. While volumes on eBay aren't inherently tied to retail sales, there's at least some small hope that this means more cards are available for purchase. For Nvidia, only the RTX 3060 Ti was down (-13%) while the other four cards showed volumes anywhere from 21% (3060) to 44% (3070) higher. AMD's volumes are also universally up, with the 6700 XT showing the smallest improvement (5%) while the other three cards sold 34% (6900 XT) to 68% (RX 6800) more units during the past two weeks.
Of course there's still the problem of price compared to "official" starting prices. While the RTX 3090 is 'only' double the MSRP, the other Nvidia cards land closer to triple their MSRPs — the 3060 Ti is actually 3.4 times its MSRP of $329, and the 3080 is 3.1 times its $699 MSRP. AMD's GPUs meanwhile are mostly around double their official prices, with the 6900 XT and 6700 XT coming in at or below 2X while the 6800 and 6800 XT are 2.3X the launch prices.
As noted above, the data continutes to show a strong correlation with Ethereum mining profitability. It's been a bit of a rollercoaster for cryptocoins during the past couple of weeks, with all-time highs of $64.5K for Bitcoin on April 14 and Ethereum is currently at its peak of $2,636. That's despite taking a short-lived tumble to $48K on April 23, with Bitcoin starting to bounce back on April 25. Mining profitability has seen a similar trend of peaks and valleys, though difficulty for Ethereum hasn't gone up as much as in the past — it's currently 5% in the past two weeks, compared to a 17% rise over the previous two weeks. Bitcoin difficulty is only up 1.9% as well, so things have slowed down a bit, perhaps due to the mining ban in Inner Mongolia.
Current profitability for the best mining GPUs has dropped as well, with the RTX 3090 now consistently below $10 per day. If that drops below $8 per day, we'd expect miners to start losing interest in acquiring additional GPUs, which could mean prices on eBay will show a stronger downward trend.
Nvidia continues to outsell AMD — on eBay at least — by a factor of 5.2 to 1. The RTX 3070 remains the most sold GPU, basically double the next two closest options (3080 and 3060 12GB). Nvidia also has much higher average selling prices, with total sales nearly seven times higher than AMD's figure. Total eBay sales of the latest GPUs accounted for around $8.5 million on eBay — a tiny fraction of all the AMD and Nvidia GPUs likely sold worldwide. We estimate total sales of GPUs are likely at least 50 times higher than what we're seeing on eBay.
Weekly Summary: A Crypto Coaster
Despite the rollercoaster of a ride on cryptocurrency prices, no doubt helped along by Dogecoin and the $2 billion cryptocurrency exchange theft, like all good rollercoasters, we're back where we started and waiting for the next train to depart. GPU prices on eBay haven't yet shown much of a downward trend, though part of that might simply be the people selling cards on eBay refusing to take less despite dwinding profits. And of course, eBay takes its pound of flesh from every sale, which means if someone were to win a Newegg Shuffle and immediately put the card up for sale on eBay, the price would need to be at least 20% higher to garner much of a profit.
Given the continuing chip and substrate shortages plaguing the tech industry, things aren't going to improve any time soon for the GPU realm. Even if cryptocurrency mining dies off, at best we're likely to see prices similar to what you'll find from Newegg's 'overpriced' shuffling. It's still a tough row to hoe before PC gaming will become affordable for those who haven't already invested in the necessary hardware.
Flip to the next page for a look at historical charts and data.