We are all well aware of how Crypto Currency took over the GPU industry. We are also aware of how prices for cheapest of the cheap GPUs increased exponentially. All thanks to Bitcoin’s volatility, GPU prices are back to normal now. Is this the right time to buy one or upgrade your current GPU? Let’s find out.
What Happened
Bitcoin happened basically. It’s price skyrocketed to nearly $20,000 during Dec 2017. So everyone who had a decent RX 470, RX 480, or GTX 1060 or higher, either mined for Cryptocurrency or sold their GPU’s for twice their worth to the needy buyers. Companies like ASUS, Gigabyte, MSI and many more took advantage of this increase in demand, and increased GPU prices more than their worth. For example, a GTX 1060 6GB version which would have cost around 24-25k INR was priced at 33kplus inr I don’t even wanna discuss the prices of 1080 Ti. They were not even in the ballpark.
Current Situation
Now that bitcoin’s price has dropped, people have either stopped mining or sold their GPU’s, after burning them out; for a cheaper price. Since the demand for GPU decreased, manufacturers also lowered their GPU costs. However, it’s interesting to see that Nvidia is selling the Founder’s Edition Cards for the cheapest price on the market. So if you’re thinking of buying a GPU for your new PC or upgrading, now might be the right time.