Nvidia GTX 1060 price finally drops below $200, GTX 1080 ti costs $557

Normally priced GPUs seem to be a fast fading memory in our memory. That said, we are in a new phase of the GPU market where prices have been steadily falling. As always, the leading indicator is the cryptocurrency market capitalization and ever since ETH fell from its peak a few months ago, GPU prices have lagged far behind. For the first time in many months and even years, you can now get a GTX 1060 for around $200. Well, you don’t have to run out and buy it, it’s an obsolete technology that gave us a lot of joy.

Today in the Argentine market you can get some copies of GTX 1060 3GB for about 45 thousand to 50 thousand pesos.

You will also see many trying to sell it for more than 100 thousand and the prices go up and down without any sense.

Should you buy a GPU right now? I do not recommend it

The most common question we get from people who want to enter the world of PC Gaming is whether they should buy a GPU right now or wait longer. Unfortunately, although prices have already dropped by as much as 30% in some cases, it is still not a good time to buy a GPU as we expect prices to continue to fall as the crypto market settles. There are also other factors pushing the price down, such as the upcoming ETH 2.0, which will eliminate GPU mining once and for all.

We can see that almost all cards have seen a price drop in recent months, from a low of 10% to 34.8%. The biggest drop was seen on used cards like the GTX 1060, and this is due to the card not being able to host the DAG file for ETH mining in its vRAM. A GTX 1080 Ti is now available for about 557 dollars, in Argentina they are available at 160 thousand pesos as very cheap, while the RTX 3070 Ti finally approaches the mark of less than $ 999 to $ 1050, in Argentina new at 240 thousand pesos. Needless to say, prices are still incredibly high and it’s still not a good time to buy GPUs.

For very high-end cards, there hasn’t been much of a change in price and this is for a couple of reasons. The semiconductor supply market remains in a delicate situation and with Russia’s war against Ukraine, chip stocks will be slightly affected, all this could end in a price increase.

Fortunately for gamers, prices are expected to drop significantly for the next year. Many semiconductor manufacturing companies have increased operating capacity and things should be better by next year.

We will also have a company like Intel with its new graphics cards who should apply competitive pressure to both AMD and NVIDIA.

As for the main driver of GPU prices, unfortunately the cryptocurrency market is unpredictable and it is also possible that after ETH 2.0 starts miners will switch to other coins. If miners are able to keep close to 60-70% of their trades after ETH 2.0, it is highly unlikely that they will sell the cards, as most are operating on very comfortable profit margins since the recent 2021 ETH price boom.

If that happens, then GPU crypto mining is here to stay.