If you’re looking to upgrade your gaming PC recently, you’ll find that your graphics card is out of stock. It’s hard to find something like the Nvidia RTX 3080 in particular, and according to a new report, the GPU is are Inventory is going at an enormous price.
According to 3DCenter Nvidia’s RTX 3000 (Ampere) GPUs, which include some of the best graphics cards on the market right now, such as (reported by PCGamesN), RTX 3070 and RTX 3060 Ti, are selling for nearly three times the recommended retail price.
3DCenter has checked the stock status of several German retailers and the price increase is noticeable in a handful of stores where GPUs are actually sold.
Usually sold for €329 (approximately $400 / £280 / AU$500), the Nvidia RTX 3060 starts at a whopping €999 (approximately $1,200 / £950 / AU$1,570) and is available in several stores. Up to €1,122 (approximately $1,370 / £1,000 / AU$1,800).
Meanwhile, the RTX 3070 will sell for €519 (about $630 / £450 / AU$800), but from €1,498 (about $1,800 / £1,300 / AU$2,350) to €1,649 (about $2,000 / £1,400 / AU$) 2,600). ).
But the RTX 3080 is the worst. It will sell for €719 (approximately $880 / £620 / AU$1,120), but is selling for €2,999 (approximately $3,600 / £2,600 / AU$4,700). That’s a ridiculously high price and a huge increase of 317% compared to RRP.
AMD cards are struggling with price hikes, but Team Red’s GPUs aren’t that bad as they have a bit more stock in stock. Still, products like the AMD Radeon 6800, which cost 579 euros (about $700 / £500 / AU$900), are selling for up to €1,699 (about $2,000 / £1,400 / AU$2,700).
This is again a significant increase compared to RRP. Interestingly, as 3DCenter pointed out, Nvidia’s GPU price continues to rise sharply, but AMD’s GPUs are experiencing unnoticed price increases every month, and some have even declined slightly (much higher than RRP yet).
This is just a snapshot of the price and availability of some German stores, but in most other regions of the world we are seeing similar patterned GPUs either out of stock or selling far more than usual.
Why is this happening and what can I do?
The reason why GPU prices are soaring in most markets is because of their high demand. While there is a lot of demand from gamers looking to upgrade their gaming PCs, the new boom in cryptocurrency mining using graphics cards has meant an increase in demand from miners looking to make money. Abandoning the chip shortage caused by the Covid-19 pandemic, there is a perfect storm.
This demand has led some retailers (and many sellers on sites like eBay) to sell GPUs far more than they usually deserve.
So what can you do about it? We don’t recommend buying one of these cards at too exaggerated prices, no matter how tempting you may be. It’s okay to be slightly over the requested price, but if you’re seeing the price double or triple, please be patient. At that point you are simply being ripped off, and when the stock shortage is over, you can get seriously out of your pocket with the price of these GPUs plummeting. It’s also encouraging retailers and sellers to increase their prices by buying GPUs at these high prices.
So, your best bet is to keep an eye on retailers sticking to RRP as much as possible. We provide a variety of guides to where to buy the RTX 3080, where to buy the RTX 3070, where to buy the RTX 3060, and more so you’ll get the latest information when stock comes in. We only recommend the following legitimate retailers: They are sold at a reasonable price.
Otherwise, hold on tight until stock returns properly. It may not be as easy as it sounds for those who are itchy to upgrade, as some retailers and manufacturers have heard the news that out of stock could lead to next year.
Meanwhile, Nvidia is continuing to explore ways to make GPUs less attractive to cryptocurrency miners, which hopes to provide more availability for those who want to play damn games.