Chinese media began reporting a sharp drop in video card demand following Ethereum’s transition to a new transaction confirmation algorithm. According to the South China Morning Post, local retailers say the cryptocurrency mining shift has exacerbated an already significant drop in demand.
In recent months, GPU prices in China have fallen to “the lowest level ever.” For example, the RTX 3080 dropped from 8,000 yuan (about 66,000 rubles) to 5,000 yuan (about 41,000 rubles) in three months. Moreover, even discounts do not help to restore buyer interest.
When the mining wave was at its peak, crypto miners simply went shopping with cash and took all the graphics cards available. Now look at the stores. No one wants to buy new computers and video cards because of the coronavirus.
At the same time, prices are falling not only at small stores, but also at large platforms. GeForce RTX 4090 now costs 3K
Source: VG Times