Cryptocurrency mining has caused the GPU prices to go sky-high and it seems that prices aren’t coming down anytime soon and now Nvidia has predicted that GPU prices will increase furthermore this year and it will be a while before the prices come down.
This is according to Massdrop, a hardware marketplace, who recently had a talk with Nvidia in which the company predicted: “that the pricing in the market will continue to go up through Q3 of this year most likely before we start seeing any type of relief”. According to Massdrop’s tech community lead, Brian Hutchins:
All new cell phones coming out by Apple and Samsung (and others) last year started using the same memory as graphics cards. Apple and Samsung are willing to pay more for this memory to make sure they get it first and all of it that they need. This has created a shortage of memory for the much smaller companies like MSI, Gigabyte, Asus, and EVGA to make graphics cards.
Furthermore, Hutchins added that “we have not seen the worst of it yet” and it won’t end anytime soon.
He also pledged that Massdrop will keep on bringing best deals for gamers and the marketplace is currently selling GPUs at a price that “barely” covers back-end expenses.
As long as I can bring them a better deal than what is currently available I will continue to do so. That being said MSRP is kind of out the window at this point so keep your eye on market price VS Massdrop as you will not see any cards out there anywhere close to MSRP for a while to come.
While he has made some fine prediction but it is important to note that modern cell phones don’t use the same memory as GPUs but, the reason why the prices are going up is that memory manufacturers are focusing the majority of their production capabilities towards smartphone memory which might be a factor behind the GPU shortage and price hike.
In related news, BITNAND is rolling out Nvidia Mining Cards later this month. According to the company, it will roll out NVIDIA P106-090 6GB Mining Cards. These cards will cost $389 and the company has noted that mining performance will vary from batch to batch.
What is your take on the situation? Let us know in the comments.