Ethereum Merge pushes GPU prices in China: Fall to the Lowest Level in History

IndustryTrends

Due to less demand from miners, high-end GPUs like the RTX 3080 have fallen by more than 37% in the past three months.

Graphics cards sellers in China are reeling from plunging GPU prices over the past two months leading into Ethereum’s switch to a proof-of-stake blockchain

The merge changed Ethereum’s protocol consensus from PoW to a more environmentally friendly PoS. 

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