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The GPU Price Index: Still Trending Down

Here's the GPU pricing index data for the best graphics cards and the latest additions to our GPU benchmarks hierarchy, for the weeks of April 28–May 12. (For the curious, we skipped the second half of May because Jarred was busy moving to another state.)

Graphics CardAvg eBay PriceQTY Sold
GeForce RTX 3090$3,140751
GeForce RTX 3080$2,2351177
GeForce RTX 3070$1,4211679
GeForce RTX 3060 Ti$1,416261
GeForce RTX 3060 12GB$909855
Radeon RX 6900 XT$1,861127
Radeon RX 6800 XT$1,582141
Radeon RX 6800$1,371115
Radeon RX 6700 XT$970429

The bad news, as noted above, is that prices are trending up slightly yet again on most GPUs. We're already at astronomical prices — the RTX 30-series cards are selling at 2.1x–3.5x their official launch prices, and the RX 6000-series cards are at 1.9x–2.4x their launch prices — so seeing any upward movement just makes a bad situation even worse. Only the RTX 3060 12GB saw a small 0.9% drop in price compared to our previous update, while overall prices went up another 2.2%.

There's some good news as well, maybe: The quantity of GPUs being sold on eBay increased for many of the models. RTX 3060 Ti quantity dropped about 8%, and RX 6900 XT and RX 6800 XT volume dropped 20–30%. However, RTX 3080 volume increased 30%, RTX 3060 12GB supply (on eBay) was up 18%, and the RX 6700 XT also sold 30% more cards than our previous update. Rounding out the list, RX 6800 volume was basically flat, while the RTX 3070 and RTX 3090 were up 4–5%.

Theoretically, then, it might be getting slightly easier to find the latest graphics cards in stock. Sadly, the higher prices suggest that's not the case as everything produced still continues to sell as fast as it can get to store shelves — and often before it ever reaches a store.

The strong correlation with Ethereum mining profitability and GPU cost also means that, short of a downturn in Ethereum prices, things aren't likely to improve at all in the near term. Bitcoin's price may have been flat, but places like NiceHash pay based on the going lease rate, which ends up going back to Ethereum for the most part — only paid out in BTC instead of ETH. NiceHash's 24-hour profitability as an example sits at over $28 per day for the RTX 3090, more than $22 per day for the RTX 3080, and close to $15 per day for all the GPUs that do around 60MH/s in optimized Ethereum hash rates. Even at these inflated prices, then, right now it's theoretically possible to break even in about 100 days. It will probably take longer than that, unless of course Ethereum's price keeps going up, but the best mining GPUs will almost certainly remain extremely hard to find/expensive to buy.

Nvidia once again outsold AMD — on eBay — by a factor of 5.8 to 1. The increase in RTX 3080 sales mean that the total dollar value of GPUs purchased off eBay (for the latest generation cards) favored Nvidia by an 8.2 to 1 ratio. RTX 3070 remained the most sold GPU for Nvidia, followed by the 3080, while AMD's RX 6700 XT alone accounted for more sales than the other three AMD GPUs combined.

Weekly Summary: Up, Up, and Away!

GPU Pricing Index hot air balloon

(Image credit: Shutterstock)

After the rollercoaster ride in our previous update, Ethereum has yet again jumped into a hot air balloon and headed for the skies. That's probably because some analysts suggested Bitcoin could hit $250,000 and Ethereum could hit $25,000 in the coming years — or maybe it's just hype. Whatever the cause, profitability for GPU mining is up during the past week. We don't think it can sustain the current level, but then the same was true of the previous levels.

Details continue to emerge suggesting Nvidia will soon have mining-limited RTX 30-series GPUs for all of the models except the RTX 3090. Cutting hash rates in half would certainly help, but what we really need is a large increase in the graphics card supply. Think of it like the cicada cycle: If a huge quantity of GPUs (cicadas) flooded the market all at once (brood X), all the miners (predators) wouldn't be able to gobble them all up! Fat chance that will happen, considering the ongoing chip and substrate shortages.

Flip to the next page for a look at historical charts and data.

Jarred Walton

Jarred Walton's (Senior Editor) love of computers dates back to the dark ages, when his dad brought home a DOS 2.3 PC and he left his C-64 behind. He eventually built his first custom PC in 1990 with a 286 12MHz, only to discover it was already woefully outdated when Wing Commander released a few months later. He holds a BS in Computer Science from Brigham Young University and 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