There may be a silver lining hidden in the dark cloud that is the recent cryptocurrency crash — prices of gaming hardware made by the likes of NVIDIA Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) appears to be finally be heading southwards.
What Happened: The drop in the prices of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) from 50% of their value in November is leading to an erosion in prices of graphics processing units used in gaming.
Tom’s Hardware compiled one week’s worth of pricing data from late December compared to the past week, which showcased average GPU prices from eBay Inc (NASDAQ:EBAY). The data tracked prices of the latest graphics cards from both AMD and Nvidia.
An Nvidia GEForce RTX3080 10 GB, which sold for $1,804.28 on average between December 20 and 27 on eBay, was going for $1,595.41 between January 17 and 24. This is a