Nvidia geforce rtx super gpu laptops
As Economics 101 tells us, the power of supply and demand is a key factor in determining the price of any commodity. This is more obvious than the price of graphics cards such as RTX 3060, which is still completely exhausted. , Or available at high prices all over the world.
However, recent changes affecting the supply of RTX 3060 and other Nvidia 30 series cards and China’s demand for GPUs may cause the beginning of the end of the graphics card shortage; please read the following for details. more!
We have reported how the price of Nvidia 30 series cards dropped from May to June at least in the German and Austrian markets. This is partly due to the decline in cryptocurrency prices, but also due to Nvidia's recent implementation of Lite Hash Rate (LHR) technology on some of its 30 series cards, which basically makes them useless to users and cryptocurrency miners.
However, the latest factor that has severely affected the price of cryptocurrencies and the demand for GPUs by crypto miners is the widespread crackdown on cryptocurrencies by the Chinese government.
Incomplete: The Chinese government has not yet approved a formal ban on cryptocurrency, but it is very close. The Communist Party of China has always been skeptical of cryptocurrencies: it banned banks from transacting bitcoin in 2013, outlawed ICOs in 2017, and since May 2021, it has issued problems for cryptocurrency mining and trading. Several warnings were issued, aimed at the public and all the major financial companies operating in the country. Since then, provincial governments, including Xinjiang and Inner Mongolia, have taken steps to close mining centers in their areas.
According to a study by the University of Cambridge, in April 2020, China was estimated to account for around 65% of the Bitcoin mining power. The influence of Chinese miners on most other major cryptocurrencies is huge as well. As of this writing, the price of Bitcoin has fallen 42% since May 9, 2021.
The decline in the price of cryptocurrency has translated into a decline in the price of graphics cards in China. As shown in the figure below (taken from Tomshardware), taking the Asus TUF Gaming GeForce RTX 3060 OC version as an example, the price reduction is as high as 45%. It remains to be seen how much it is broadcast to other parts of the world where the cryptocurrency ban has not taken effect.
According to ITHome reports, Nvidia is working hard to increase the output of one of its most popular gaming GPUs, the mid-range, affordable RTX 3060. Not very popular with crypto miners, RTX 3060 is much higher than RTX 3080 Ti, RTX 3080, and even RTX 3070 Ti and RTX 3070 flagship gaming GPUs in the price range of ordinary gamers. Nvidia expects that the increased supply will first be provided to Internet cafes and then to the general retail sector. We may see the first signs of an increase in supply sometime in July, although it may be later this month, until RTX 3060 prices begin to fall across the retail sector.
As far as the broader 30 series cards are concerned, Nvidia recently decided to limit the production of the previous generation 20 series cards and instead focus on the 30 series. This should also help increase the supply to some extent, thereby increasing the availability of GPUs and reducing Their prices.
Regardless of the outcome of these changes, please stay on WePC for the latest updates on the global GPU shortage and factors affecting graphics card prices.