China's GPU prices reach New Lows after Ethereum Merge 

Created By Jyotish

GPU costs have decreased since the Ethereum network switched to a proof-of-stake (PoS) algorithm.

The graphics processing units, or GPUs, that are frequently employed for mining cryptocurrencies like ether (ETH)

Nvidia GeForce GPUs, which are highly desired, have considerably decreased in price.

The RTX 3080 was used as an example by a Chinese merchant as the price of the GPU decreased from $1118, or 8,000 yuan

Online marketplaces like Taobao and JD have also seen dropping GPU prices, along with retailers.

The blockchain switched from a PoW mechanism to a PoS layer after the Ethereum merger.

In essence, the energy-intensive proof-of-work (PoW) method was moved to the Beacon Chain PoS layer.