The crypto boom is on the decline, video cards are getting cheaper. In China, GeForce RTX 3080 fell in price by 33%, and GeForce RTX 3070 – by 25%

After the major cryptocurrencies collapsed, the obviously overheated cost of video cards went down. The decline in prices is recorded almost everywhere, and in China, the most active mining region, too.

The crypto boom is on the decline, video cards are getting cheaper.  In China, GeForce RTX 3080 fell in price by 33%, and GeForce RTX 3070 - by 25%

As a source writes with reference to the owner of a local computer store, recently the cost of many models has dropped significantly. So, the price of the GeForce RTX 3080 reached 18,000 yuan ($ 2,800), and now it is “only” $ 1,900. The cost of the GeForce RTX 3070 has also decreased: it was 10,000 yuan ($ 1,550), it became 7,500 yuan ($ 1,160). At the same time, fewer cryptocurrency miners turn to the store, and the assortment and warehouse stocks have increased.

However, one should not count on a further drop in prices: the deficit of components has not disappeared anywhere, and further stabilization is possible only after it is completely eliminated. That is, only by the end of the year.

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