AMD Radeon RX 6900 XT now costs twice as much as the previous AMD Radeon RX 6700 XT. Although it costs more, it's hard to believe that the AMD Radeon RX 6900 XT would cost all the way up to $2,011.12.
AMD Radeon RX 6900 XT and AMD Radeon RX 6700 XT
For those that are already feeling the weight of buying GPUs like the AMD Radeon RX 6900 XT or the AMD Radeon RX 6700 XT, the situation looks even harder for most gamers as a new stock update shows just how high the prices of these GPUs have reached. While the original SRP is already quite hefty, the scalper price reaches new heights as seen in a comparison made between the two different GPUs.
Due to the massive demand but the short supply, this has caused a very troubling situation for buyers wanting to get their hands on the new GPUs. The global chip shortage has directly affected the buying process for most gamers. Sadly, the situation looks like it won't be fixed any time soon due to the overwhelming demand and the time it takes to ramp up production.
China Impact on GPU Supply
One particular reason, however, as to why GPU prices have mostly been out of this world is because of the strong popularity of crypto mining. In the past few months, the number of crypto miners have significantly increased and this has affected the demand on GPUs as well. A new movement by China, however, might have positive effects on GPU supply.
China's crackdown on crypto mining specifically on Bitcoin has sent GPU prices in China going down by a whopping 45% according to TomsHardware. The reason as to why this has a huge impact in the GPU market is because for those that aren't aware, China is actually responsible for a massive amount of crypto mining.
If the question is how much, the answer is that China is responsible for a whopping 65% of Bitcoin mining, according to CNBC. Due to the massive size of Bitcoin, this would mean that the amount of GPUs needed to mine it is massive as well.
AMD Ryzen RX 6900 XT SRP and AMD Ryzen RX 6700 XT SRP
Going back to the AMD Ryzen RX 6900 XT and RX 6700 XT, prices are through the roof right now due to massive demands on the two GPUs. For those wanting to buy the GPU online, it's important to get notifications when new stock is available online. A particular restock tracker gave updates of both the AMD Ryzen RX 6900 XT and the AMD Ryzen RX 6700 XT.
While the original price for the AMD Radeon RX 6900 XT is at $999.00, the scalper price being sold on Amazon sells at $2,011.12. The AMD Radeon RX 6700 XT price at SRP is set at $479.00 but the scalper price is at $939.99. These prices are according to the official pricing by AMD.
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Written by Urian B.