After months of graphics processing unit (GPU) shortages and skyrocketing prices, there are signs in the European market that the crisis may be coming to an end. A new report shows that the prices of AMD and Nvidia graphics cards have dropped by nearly 50% in Europe. Not only that, in terms of usability, there are also a series of GPU models to choose from. Although graphics card prices are still high, the new report suggests that the market may be recovering.

One of the reasons for the decline in graphics card prices may be the decline in the value of popular cryptocurrencies such as Bitcoin and Ethereum. As of 5:42 pm on June 25, the price of Bitcoin in India was Rs. India’s 2.483 million rupees and the price of Ether is rupees. 1.4 million.

According to a report by Jon Peddie Research, earlier this year, approximately 25% of graphics cards were purchased by cryptocurrency miners. However, as the prices of popular cryptocurrencies have fallen recently, the number of graphics cards required by miners may decrease, thereby driving down prices.

The price of the Nvidia game console RTX 3060 powered by AMD hardware dropped from 949 Euros (approximately 84,000 rupees) to 639 Euros (approximately 56,600 rupees), while the price of the RTX 3070 dropped from 1,499 Euros (approximately 100,000 rupees). A report by Digital Trends stated that the price was 999 Euros (approximately Rs 88,500). The inventory of RTX cards has also increased significantly. The RTX 3060 card now has 24 models to choose from, but only 5, and the RTX 3070 has jumped from 4 models a month ago to 26 models.

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The Digital Trends report also stated that although more cards may be available in the U.S. market, their prices may be higher than Manufacturer’s suggested retail price (Suggested retail price). the reason? These cards imported from China are subject to high tariffs.

However, the price of second-hand graphics cards is falling. According to Reddit user u/gregable, he released a graph of GPU price trends from the beginning of the year, and the price of graphics cards has dropped.

According to his post, he “pulled the daily average selling price of a bunch of GPUs on eBay.”