Crypto Mining GPU Pricing Plummets as Demand Cools


Multiple signs in the industry indicate that interest in crypto mining-specific GPUs is waning as mining profitability plummets. Nvidia reported that its crypto mining revenue fell 77% in the last quarter of the year, and now we are seeing signs that AMD-based crypto mining GPUs are starting to lose value as well. For example, the price of the Sapphire GPRO Radeon has dropped almost 40% over the last month.

Sapphire secretly released its GPRO series of cryptocurrency-specific graphics cards last November. Based on the Navi 22 and Navi 23 silicon, the Sapphire GPRO Radeon X080 and X060 accelerators proved impossible to find in major retail outlets, and even on the manufacturer’s website. However, the letters have been listed on the Geizhals price comparison website (via VideoCardz) since a month ago, which gives us an idea of ​​the evolution of GPU prices in that period of time.

The data is revealing: the cards have seen their value drop closer to their claimed MSRP of $846, dropping nearly $600 from $1415 to $867, a 38% decline.

Sapphire GPRO X080 Mining Accelerator Price History

Sapphire GPRO X080 Mining Accelerator Price History (Image credit: Geizhals)

Since December, the cryptocurrency market in general has been on a downward trend, making it difficult for miners and players interested in cryptocurrencies. recover your investment at GPU market improving but still very expensive. This comes as the transition to Proof of Stake approaches for the Ethereum blockchain, which itself is probably the most pressing element controlling miners from future graphics card acquisitions.

Yes, other Dagger-Hashimoto-based cryptocurrencies can be mined after Ethereum’s transition to Proof-of-Stake, but none of them are as profitable as mining Ethereum, due to its overall low price per coin.