Ethereum mining Although volatility may still change the situation, the profits in the past few months have not been high. The fall in the price of ETH not only affected the profitability of miners, but also affected the spot prices of GDDR5 and GDDR6 video memory.Cheaper SGRAM in the spot market may affect the contract price of graphics memory, although we expect the retail price of graphics cards (especially Best graphics card Due to the drop in GDDR spot prices, used for demanding games) will be reduced in the coming months.
As regulators in countries such as China and Turkey took measures to avoid speculation in cryptocurrency and illegal/semi-legal mining, the price of ETH dropped by more than 50% in two months. It is estimated that in the first quarter of 2021, approximately 700,000 graphics cards were sold to miners. Jon Pedy Research, And many of these graphics cards are made using GDDR6 memory sold on the spot market. As miners’ demand for motherboards declines, this has led to a drop in the spot price of memory, but there is a problem: the memory used by most graphics cards is provided under contract and the price is reasonable.
TrendForce’s survey results show: “Although the spot price of GDDR6 chips is still higher than the contract price, the difference is rapidly narrowing.” “This in turn will have an adverse effect on the overall price trend of GDDR6 chips in the future. Used in previous generations of graphics cards. GDDR5 chip trading is even more sluggish.”
Graphics card manufacturers and GPU developers-selling many of their high-end chips, such as the Nvidia GA102 with memory-have signed supply contracts with memory manufacturers and reconsider prices quarterly. Since DRAM manufacturers give priority to producing high-margin server memory, long-term supply contracts with PC OEMs, and the relatively low amount of GDDR memory required by the graphics industry, GDDR5 and GDDR6 chips are still quite expensive overall. At the same time, it is reported that the price of GDDR SGRAM has gradually increased in recent quarters. Trend forceIn fact, the company’s analysts expect that contract graphics DRAM prices will rise by 15% in the third quarter, and then another 10% ~ 15% in the fourth quarter. Even in the best case, prices will remain stable in the third quarter.
Another factor affecting the demand for graphics cards is the second-hand market. Due to the low profitability of ETH, a large number of miners are selling their hardware, which affects the retail price of graphics cards and indirectly affects the prices set by distributors and manufacturers.
When it comes to second-hand graphics cards, it is worth mentioning that TrendForce is not the only company that mentions these motherboards and their impact on the market.Tongde Microsystems recently accepted an interview Benchmark.pl (pass Computer game player) And said that due to working under constant load and thermal stress, the graphics card used for mining may lose about 10% of its performance every year.Although we suspect that the wear and tear of the graphics card can be quantified so accurately, the general idea is that gamers should avoid second-hand Second-hand graphics card This can take a lot of time in the mine.