GPU pricing is expected to drop in July

Over the past year, GPU demand from cryptocurrency miners has been high, taking every modern GPU from store shelves and inflating graphics card pricing to insane levels. During this time manufacturers couldn’t make enough GPUs, causing supply issues in other areas in the marker like GDDR memory and other sectors.  

In early 2018, the price of every major cryptocurrency was hit hard, lowering the value of these virtual currencies while making the mining of these digital coins a lot less profitable. This change has driven most small-to-medium sized cryptocurrency mining operations out of business and decelerating the expansion of larger mining operations. 

During the mining boom, Nvidia has reportedly built too many graphics cards, leaving them in a position where they have too many GTX 10 series graphics cards in stock to release their next generation of GPU hardware. 

This situation comes at a doubly bad time for Nvidia as their 10-series of graphics cards is now over two years old, leaving a lot of PC gamers unwilling to invest in what may soon be last-generation graphics hardware. DigiTimes has reported that their “sources from the upstream supply chain” expect to see an average drop of around 20%, which should be enough for Nvidia to get rid of their excess of 10-series graphics cards before their 11/20 series launch.