The price of nvidia graphics cards is expected to drop 20% in July

Over the past year, demand for GPUs by cryptocurrency miners has been high, leading to a large absence of modern GPUs in stores and inflating the prices of graphics cards (from both Nvidia and AMD) to insane levels. During this time, manufacturers were unable to manufacture enough GPUs, causing supply problems in other areas, such as GDDR memory and other sectors.

New price drop expected in July for Nvidia GPUs

In early 2018, the price of each of the major crypto currencies was heavily affected, reducing the value of virtual currencies and, at the same time, making mining of these digital currencies much less profitable. This change caused most small to medium-sized cryptocurrency mining operations to go out of business and caused a slowdown in the expansion of this market.

During the mining boom, Nvidia has built too many graphics cards, leaving them in a position where they have too many GTX 10 series graphics cards in stock to launch their new generation of hardware right now.

This situation comes at a doubly bad time for Nvidia, as its 10 series graphics cards are already over two years old, leaving many PC gamers unwilling to invest in what will soon cease to be graphics cards. last generation. DigiTimes has reported, according to its sources, that a drop of around 20% of the value of GTX 10 graphics cards is expected, which should be enough for Nvidia to get rid of excess 10 series GPUs before the launch of Turing..

The drop in these prices is expected for next month, especially for those Nvidia GPUs, although AMD is also seeing a gradual reduction in its Radeon graphics.

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