followAs reported by the South China Morning Post, after Ethereum was no longer mined since September 15, the price of Nvidia GeForce graphics cards has dropped significantly.
Chinese merchant Peng gave an example of the RTX 3080 that the price of the GPU dropped from 1118 yuan or 8,000 yuan to 5,000 yuan or about 26,000 baht within three months.
Another seller, Liu, also revealed that the price of RTX 3080 cards from manufacturers like MSI and Colorful has dropped by around 1,000 to 2,000 yuan compared to two months ago. Ethereum Merge
“I had a customer who bought an RTX 3080 card for 9,400 yuan late last year. And now he’s selling it for less than half the purchase price. Even if that model is not suitable for mining,” Liu said.
Real store merchants weren’t the only ones who were affected by declining demand. As online shopping platforms such as Taobao and JD are also showing a decline in GPU prices, prices for RTX 3080 cards on these sites are slowly dropping compared to three months ago.
Liu said graphics card prices had reached a “lower point,” with some models even dropping below suggested retail prices.
Wang Lei, another merchant at Buy Now department store specializing in graphics cards at Asus, said the GPU price had dropped so much that he thought it was at or near its bottom. “It’s the lowest level I’ve ever seen,” he said.
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