Recently, the prices of graphics cards on the market have plunged in a large area, ending the price surge mode of more than two years. The reporter recently visited Shenzhen Huaqiang Industry Co.Ltd(000062) north market.
"mining" tide receded, and the price of graphics card plummeted
In Shenzhen Huaqiang Industry Co.Ltd(000062) north, known as "the first street of China's electronics", popular models of graphics card packaging boxes are placed at many stalls. Merchants told reporters that the prices of graphics cards of various brands have fallen sharply, and the current prices are at a low level in recent two years
It's almost 1000 yuan now.
Not only the stalls of offline stores, but also the graphics card prices of online e-commerce platforms and second-hand trading platforms have decreased. Taking ASUS RTX 3080, one of the most popular graphics cards, as an example, the highest quotation of JD reached nearly 20000 yuan last year, while the current quotation of JD is less than 7000 yuan . The market demand and price of graphics card show a high correlation with the price of virtual currency such as Ethereum.
Shenzhen Huaqiang Industry Co.Ltd(000062) a merchant in the North: this card was used by others to mine, but now it is not allowed to dig. 3080 has just come down. We have just sold it at the beginning, but it can't be sold later, because it is basically used for mining. If it is sold, it is also taken away in a whole box.
Insiders believe that the sharp drop in the price of graphics card is related to the rectification of virtual currency in September 2021, national development and Reform Commission and other departments jointly issued the notice on regulating the "mining" activities of virtual currency. Then, the people's Bank of China and other ten departments issued a document to prevent and deal with the speculation risk of virtual currency trading, making it clear that the business activities related to virtual currency are illegal financial activities with the tightening of the policy, the price of virtual currency fell, the "mining tide" gradually subsided, and the price of graphics card also began to fall sharply
a video card loses thousands of yuan, speculators hoard goods to reduce losses
In the investigation, the reporter learned that many speculators were forced to cut prices and suffered heavy losses because they hoarded goods at high prices in the early stage and smashed a large amount of inventory in their hands and in the future, as the demand for graphics cards on the market decreases and the supply increases, graphics card prices still have room to decline
Different virtual currency systems have different requirements for mining machines. Among them, the mining machine of Ethereum takes the graphics card as the core. Since the second half of 2020, Ethereum's price has continued to soar, attracting many players into it, and the price of graphics card has risen accordingly. The phenomenon that one card is difficult to find occurs frequently.
Shenzhen Huaqiang Industry Co.Ltd(000062) a merchant in the North: this one digs bitcoin, the graphics card digs Ethereum, and the other digs Ethereum. There are 8 graphics cards in it, which are assembled. Last year, a machine earned three or four hundred dollars a day and returned to its capital in two or three months.
Among them, many speculators took the opportunity to hoard goods at a price several thousand yuan higher than the official guidance price, and planned to sell them to the market after the price increase. However, with the virtual currency cold, a large number of miners withdrew from the coin circle, and the price of graphics card fell significantly these players are in a dilemma with a large number of goods in hand
Shenzhen Huaqiang Industry Co.Ltd(000062) a merchant in Beibu: graphics cards are reducing prices and are unwilling to sell, resulting in a loss of three or four thousand. If everyone sells, the price will fall faster. Release the goods slowly, 100 a day. They took the goods at a premium.
Even if the price of graphics cards drops sharply, but the price of popular graphics cards on the market is still higher than the official guide price 3dcenter report shows that in December last year, the premium of NVIDIA and AMD graphics cards once exceeded 80% of the initial recommended retail price, and is still 25% higher than the initial recommended retail price.
At the same time, from the demand side, the Ethereum blockchain system is expected to be upgraded in the second quarter of this year. At that time, the consensus mechanism of Ethereum will change from workload proof to equity proof, which means that the node operator only needs to pledge a certain amount of Ethereum, that is, it can obtain income in the form of verifying nodes, and there is no need to use graphics card miner for mining. Some merchants predict that speculators may release a large number of goods in the future, and the price of graphics card will go down further
Yu Jianing, executive director of the yuan universe Industry Committee of China Mobile Communications Federation: miners basically stopped buying new graphics cards, but began to sell a lot. Under the condition that the demand for non mining computing power such as games, graphics processing and audio-visual processing remained relatively stable, the price decline of graphics cards became inevitable.
From the supply side, since the beginning of this year, graphics card manufacturers have been improving the supply situation. In January 2022, the supply of RTX 30 series increased by 15% over the end of last year. Major graphics card manufacturers such as NVIDIA and AMD said they would increase investment to meet the market demand for graphics cards this year.
