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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 13–27.

Graphics CardAverage eBay PriceQTY Sold
GeForce RTX 3090$3,025722
GeForce RTX 3080$2,199904
GeForce RTX 3070$1,3911598
GeForce RTX 3060 Ti$1,375283
GeForce RTX 3060 12GB$917725
Radeon RX 6900 XT$1,829161
Radeon RX 6800 XT$1,516207
Radeon RX 6800$1,320114
Radeon RX 6700 XT$970330

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

A crypto rollercoaster didn't really impact GPU prices

(Image credit: Shutterstock)

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.

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