Crypto miners blamed for Nvidia GPU price hikes — again

nvidia, crypto

Gamers are again blaming cryptocurrency miners for driving up Nvidia graphics card prices — this time before they’ve even launched.

Chipset giant Nvidia is launching a new GPU on February 25, the GeForce RTX 3060.

According to industry outlet Videocardz, a number of European retailers are selling RTX 3060s for more than double their recommended retail price.

Some have even gone so far as to cancel pre-orders in a bid to force re-buying at inflated prices.

  • Nvidia’s suggested retail price (MRSP) for RTX 3060s is 329 EUR.
  • Europe’s ProShop reportedly takes pre-orders for 499 EUR, a 52% hike.
  • It’s worse in Poland. ProShop is selling the GPUs for 75% above its MRSP.

Portugal’s PCDiga also reportedly boosted its prices to similar premiums as ProShop last week, also due to apparent demand.

[Read more: Nvidia can’t tell if crypto or gaming is wiping out its stock]

While GPUs have been useless at mining Bitcoin for the past five years or so, powerful chipsets like Nvidia’s RTX 30 series can generate decent profit with Ethereum and a raft of tiny altcoins.

Last month, Protos reported demand from crypto miners had contributed to extended supply shortages for slightly older GPUs like Nvidia’s RTX 3080 and AMD’s Big Navi.

This is where some of those GPUs end up: giant Ethereum mining rigs.

[H/T: NotebookCheck]

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