According to the latest report, the price of the RTX 3080 graphics card in Australia has dropped from AU$2,299 to AU$1,499 overnight. Many retailers are trying to get rid of their inventory to prevent the bubble from bursting, so the conditions are ripe for a massive free-fall in global graphics card prices.
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Moreover, the RTX 3080 mentioned in the tweet is the Asus GeForce RTX 3080 TUF Gaming OC graphics card, whose price dropped by 35% overnight.
Locally, the Asus GeForce RTX 3080 TUF Gaming OC graphics card was AU$2,299 yesterday, and today some retailers have dropped it to AU$1,499, an overnight discount of 35%. A 35% drop overnight is unheard of, and likely means retailers are trying to fire off graphics cards at cost.
With the arrival of the Ethereum 2.0 merger in the second half of this year, the profit margin of GPU mining will basically be halved. This will double the ROI (return on investment) time of GPUs and reduce the mining premium of GPUs today. We’re still in a tight semiconductor supply situation, but as miners divest their operations, the flood of used graphics cards should severely depress global prices.
Furthermore, there is speculation that NV will keep the RTX 30 series and RTX 40 series alive, which should help with more supply. The reason this makes sense is that both series are produced at different foundries (Samsung and TSMC), and by doing so, NV is effectively doubling their wafer supply.
