Since this was the biggest mining boom yet, coupled with ETH merge and oversupply.
On new high end stock there is still a lot of room for movement, like the 6900 XT locally that's still a 20K GPU but in the US, prices have cratered,
6900 XT now sits in stock for days on end @ $699 ( ZAR 14603 Including customs and delivery).
My expectation is that on the top end cards like the 20K+ 6900XT, there could be least 30% price reduction.
6700XT also has decent room to move, they are already dipping below $400 in the US with rebates
The used market is the real unknown of how low can it go, it is estimated that Ethereum miners spent $15 billion on GPUs in the last two years, the only spanner in the works is how big was the mining boom here in SA, will we see enough second hand market flooding that the discount vs buying new will be worth it?
Right now it's not a very big discount, 7.5K for a used 3060ti vs 8.7K for a new 3060ti, so my guess would be 3060tis for 6K after the merge could be on the cards.
if new 3080s drop to 12-13K then a used one after the merge for 8-9K could also be on the cards.
Our market is not huge so I am not expecting that we will see 15K cards go for 5K but 8K for a used 3080 that could be in the realm of possibility.
So buying a new 6800 for 10K now vs maybe being able to get a used 3080 for 8K in 2 months that's a gamble I am willing to take.
Also even if prices don't reach my strike point, AMD already confirmed at least 50% perf per watt on RDNA 3, so I will then rather wait until next year and grab the RDNA 3, 60XT class card which should see performance matching or exceeding a 6800 XT.
Looking at how AMD priced the next gen CPUs, they didn't raise prices again like they did with the Ryzen 5000 series.
My guess is that the x50 refresh AMD did that increased prices already was preparing consumers for how they might want to price the next gen midrange cards.