After several years of inflated prices off the back of the cryptocurrency boom, the cost of graphics cards might be falling this year.

That's according to a report from DigiTimes in which the publication cites anonymous sources from the hardware supply chain. These suggest that there are "several million" GPUs stockpiled around the world, with market leader Nvidia having about one million cards ready to launch.

This, along with cryptocurrency miners selling old used cards means that retail might cut the price on new cards to compete.

This price cut is said to be an average of 20 per cent.

Nvidia's next GPU release is the 1180, which is expected to be revealed and released in August.

This comes just a few months after Nvidia chief Jensen Huang said that the GPU market was "not even close" to meeting consumer demand.

Reports suggest that last year, cryptocurrency miners were behind three million GPU sales, representing $776m in sales.