Nvidia GPU Prices Plummet As Crypto Mining Craters Nvidia GPU Prices Plummet As Crypto Mining Craters Between the recent crash in cryptos and an upcoming protocol change that will make it more difficult to mine Ethereum, the price of video cards has plummeted more than 50% in the used market , according to Bloomberg , citing RW Baird Co. analyst Tristan Gerra. Long popular with computer gaming nerds, these cards enjoyed a second life during the crypto boom as an essential component of the systems that generate digital coins. Even as Nvidia tried to limit its exposure to the industry, the crypto rally had helped send prices of the company’s products soaring on secondary markets like EBay. -Bloomberg Gerra estimates that over 1|3 of the consumer GPU market could disappear as crypto mining enthusiasts ditch their plans, resulting in a flood of inventory on Ebay and other marketplaces. " People don’t want to buy GPUs knowing it’s potentially going to be obsolete in two quarters ," he said, adding "We believe that crypto-related purchases have steadily declined." According to MarketSight, the price for Nvidia''s GeForce RTX 3080 fell from $1,100 in late April to $793 on Ebay, which means gamers can finally scoop up a card.