Graphics card prices have been falling for some time now. In many retail stores, most modern
The RTX 3080 hovered around the $1,200 mark in the first quarter, about twice the recommended $699 price tag.
However, when Ethereum fell below 1000dollars, GPU mining revenue has fallen to unprofitable levels. This means that you are better off buying ether rather than mining it. This affected the video card market: many frustrated miners began to sell equipment.
Previously, NVIDIA decided to cut shipments of some Ampere components to avoid overstocking graphics cards, and also delayed the release of RTX 40 series cards to late 2022 or even early 2023.