Graphics processing units (GPUs) have become a little cheaper in July amid a continued downtrend in the price of Ether (ETH).
According to a review by TechSpot, GPU prices across popular graphics cards are slightly lower in July than they were in June.
The lower prices in July are a continuation of the steady decline in GPU prices since the onset of the current crypto market downturn.
Indeed, with ETH tanking from over $4,000 in May to below $2,000, mining profitability has also tapered significantly. According to data from BitInfoCharts, Ether mining profitability is down about 80% from its May 2021 highs.
With Ether mining difficulty also down almost 8%, it appears GPU mining interest is also at a slower lower ebb. Overall, these factors could trigger decreased demand for already scarce graphic card hardware, to the benefit of non-crypto mining GPU users like gamers.
Surging demand by altcoin miners drove up the price of GPU miners with manufacturers forced to include hardware blocks