Shulou(Shulou.com)11/24 Report--

"Today, the price of graphics cards has dropped to a freezing point." This is the feeling of a provincial general generation of Seven Rainbow.

In addition to acting hard drives and motherboards, this general generation is also acting for a variety of graphics cards under the Seven Rainbow. However, since November last year, the decline in graphics card prices has repeatedly surprised him.

Especially last week, with the announcement of the merger of Etay Fong, the transition from the consensus mechanism of workload proof PoW to equity proof PoS, the market predicted that tens of millions of second-hand mining cards would re-enter the market. At the same time, Nvidia's latest RTX 4090 is also being released and is expected to go public in October.

On the one hand, a large number of second-hand graphics cards returned after the mining accident, and the market supply exceeded demand. On the other hand, the performance of the new product release is 2-4 times higher than that of the previous generation. This series of actions undoubtedly have a strong impact on the price of graphics cards currently on sale.

Ethernet Square merger cut off the wealth of the miners, Tai Fong announced the merger, with the decline in the price of graphics cards have what kind of relationship? This still has to start with the "mining" of Etay Fong.

After 2021, due to the soaring price of virtual currency, "mining" has become the main way for investors to obtain virtual currency. According to the regulations of Yi Tai Fang at that time, it was found that the necessary condition of Yi Tai Fang was proof of workload, which directly led to the process of digging Yi Tai Fang into a process of comparing power.

In order to obtain enough computing power, a large number of miners began to purchase GPU chips or graphics cards with higher computing performance on the market, and refit these products, which were originally only for games, videos and other users, for mining and mining Yi Tai Fang.

According to a Zhongguancun graphics card seller told Sina Science and Technology, when the "mining" momentum is hot, some mine owners will even drive directly to Huaqiang North and other places to pull goods at the gate of the graphics card factory, blocking the possibility of the graphics card entering the market from the source. On the other hand, some mine owners who do not have access to goods go directly to the market to snap up graphics cards. In the process, there are a large number of "inverted masters" to join the hype, malicious hoarding to drive up prices.

The graphics cards that should have flowed to the consumer market have suddenly become mining tools, and the extra demand out of thin air has caused a serious shortage of supply in the market, so the price of graphics cards has risen. In December last year, Nvidia and AMD graphics cards were priced at a premium of 80 per cent above the IPO suggested retail price, according to the 3DCenter report. An initial price of 8999 yuan of RTX 3080Ti, the market price was once more than 20, 000 yuan.

However, the good times did not last long, as virtual currencies were boycotted by governments around the world, and even there were phenomena such as power outages and withdrawal in China, the prices of virtual currencies such as Taifang began to fall. Some of the refunded "mining" graphics cards began to circulate in the second-hand market, and the price of graphics cards began to fall. Especially last week, with the formal completion of the merger of Etay Fong, mining moved from the consensus mechanism of workload proof of PoW to the PoS of rights and interests, which directly announced the end of obtaining ethernet through comparative computing power.

According to the official introduction of Ethernet Fang, after the merger, the energy consumption will be reduced by more than 99.95%. The subtext behind this is, "after the merger, it will be impossible to dig Etay Square through the graphics card." Wen Hong, agent of Qicaihong Province, told Sina Science and Technology that "after a large number of miners cannot obtain the digital currency of Etay Fong through mining, if they switch to other currencies, they can only earn back up to 25% of their electricity bills, which will be an absolutely loss-making business." Therefore, through the secondary market back to the normal market, selling to games, drawing and film production and other customers has become the first choice.

However, for a large number of mining cards, it is still not an easy task to flow to consumers through the secondary market in the short term.

According to some math statistics, there are about 26 million graphics cards used for mining around the world. After the end of the graphics card mining mode in Taifang, although some graphics cards can be transferred to other currencies, considering that Bitcoin does not use graphics cards to mine, but uses a special mining machine, and other currencies are far less than the size of Taifang, it is expected that tens of millions of mined graphics cards will flow into the secondary market, or even refurbished into new cards to enter the consumer market.

Has the price of graphics card dropped to a freezing point? In Xianyu and other second-hand platforms, a large number of mine bosses have begun to sell graphics cards in bulk. And the keywords are marked with the word "exercise", which directly indicates that this is a mine card modification, and indicates the duration of exercise.

And in terms of quantity, from "48 pieces out in batch" to "500 pieces in stock", a large number of graphics cards have flowed into the second-hand market.

A large number of mine cards flow into the market, which has a great impact on the price system of the graphics card market. According to Wen Hong to Sina Technology, in fact, in November last year, the price reduction trend of graphics cards has already begun to show signs. "take GTX 1660 Super as an example, it dropped about 400 yuan in the three months from November last year to January this year, and began to drop sharply again in February after the Lunar New year. As soon as it fell 100 yuan a day, it fell for 3-4 days in a row."

This time, however, it was accompanied by the formal end of the merger of Tai Fong. Most of the mine cards have fallen to new heights again. "it is impossible for miners to get back to the original by selling graphics cards, and it is already strong to be able to sell this batch of goods." Wen Hong said that the prices of second-hand graphics cards that were once used for mining on platforms such as Xianyu and Taobao are close to the freezing point, the room for price reduction is very limited, and the follow-up can only be digested slowly over time.

Also take GTX 1060 as an example, the normal price of a chip to the factory is about RMB4000.According to the cost of shell and PCB board, the cost price is basically around RMB700,750. now the price of graphics cards in many second-hand channels is also in this range. "the price of graphics cards is now close to the freezing point," Wen Hong said.

Of course, but even if the price is already so low, the digestion of the market will not be able to digest these second-hand graphics cards in a short period of time. According to Wen Hong's prediction, the service life of a graphics card is about 5-10 years, and if there are no new mining opportunities or other major market breakthroughs, the market may take more than 3 years to digest the existing cards.

Is it the best time to replenish? In the etherfang post bar, in order to stabilize the downward trend of graphics card prices, some miners began to issue articles calling on other miners to maintain the price system to avoid a vicious fall in graphics card prices caused by low-price dumping.

The appeal of the mine owners reveals the helplessness behind the price reduction of the graphics card. So, behind the frequent price cuts, is it a good time for consumers to choose to hoard goods at low prices? Maybe, not all of it.

Senior digital figure Zhuang Yong told Sina Technology, "for non-experienced players and most consumers, it doesn't matter whether they are equipped with graphics cards or not. the graphics cards brought with ordinary computers are enough to support the demand for a large number of games, film and television content. It doesn't matter whether you buy it or not."

For some of the more experienced gamers and film and television workers, choose some of the latest products on the market, may be the best choice. According to Zhuang Yong, some bad mine owners now buy the tempered mine cards for consumers after they find that they are not new products, but they prevaricate consumers on the grounds of ensuring that there will be no problems during the shelf life. These phenomena have disturbed part of the graphics card market. "if you don't buy new products, consumers are likely to buy products that they don't want."

On the evening of September 20, during the Nvidia GTC conference, Nvidia founder and CEO Huang Renxun released three new products: GeForce RTX 4090 and 12GB and 16GB versions of GeForce RTX 4080. The release of new products has made the already fiercely competitive graphics card market more crowded.

There are always new graphics cards pouring into the market, and the influx of new products is constantly pulling down and weakening the function and price advantage of previous generations of products. For consumers, perhaps holding money in their hands, rational on-demand consumption will always be the right choice.

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