Against the backdrop of regulators cracking down on energy-intensive mining in the European Union, supply in the market has increased in Germany and prices for graphics cards are falling.
According to 3dcenter, a data mining market information site, the cost of graphics cards in Germany has fallen by an average of 19% over the past two weeks. Many models of video adapters have lost 20% of their price. The fall in prices for video cards comes against the backdrop of strong pressure from European regulators on the mining industry.
At the same time, sellers of video cards continue to keep the price above 50% recommended by the manufacturers of this equipment. In December last year, markups for graphics cards averaged 70%. At the same time, the number of offers on the German market has increased significantly over the past month.
The Radeon RX 6500 XT lost the most in price, the markup is only 17%. At the same time, the Radeon RX 6800 has the highest markup of 73%. NVIDIA products also fell in price. Now with the highest markup of 72%, the GeForce RTX 3080-10GB is being traded. The smallest margin on the GeForce RTX 3080Ti graphics card is 32%.
3dcenter experts note that prices for video cards in the foreseeable future will be able to approach those recommended by manufacturers. According to experts, this situation was already in July last year, after which the prices for video cards slowed down, and then slowly began to grow again. Therefore, there is no guarantee that the price decline will continue. But there is a chance for it, since the recent rise in the cost of Ethereum does not seem to have had any effect on the price trend of video cards.
Recently, the governor of the Hungarian National Bank, György Matolcsy, called for a ban on the mining and trading of cryptocurrencies due to the “danger of criminal use and the creation of fraudulent pyramids.” In December, the Norwegian authorities announced that they were considering a ban on mining, as the increase in electricity consumption does not allow the Scandinavian countries to comply with the Paris climate agreement. A little earlier, Sweden called for a ban on mining across the European Union until it becomes more environmentally friendly.
Source: Bits
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