With Ether sinking below $2,000, the price of graphics cards has seen a further decline from June to July.

Graphics processing units (GPUs) have become a little cheaper in July amid a continued downtrend in the price of Ether (cryptoprimacy.com/ethereum-price”>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 fcryptoprimacy.com/news/nvidia-extends-limits-on-crypto-mining-to-newest-gaming-graphics-cards” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nvidia-extends-limits-on-crypto-mining-to-newest-gaming-graphics-cards/amp”>orced to include hardware blockscryptoprimacy.com/news/nvidia-extends-limits-on-crypto-mining-to-newest-gaming-graphics-cards” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nvidia-extends-limits-on-crypto-mining-to-newest-gaming-graphics-cards/amp”> in their graphics cards to limit performance as a means of discouraging miners.

GPU makers like Nvidia have also cryptoprimacy.com/news/nvidia-s-geforce-limits-hash-rate-to-divert-crypto-miners-to-new-cmp-line” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nvidia-s-geforce-limits-hash-rate-to-divert-crypto-miners-to-new-cmp-line/amp”>launched crypto-mining-only graphic cards in an attempt to lessen the price burden on the rest of the PC hardware ecosystem.

TechSpot figures show a 16% average decrease in GPU price inflation from the manufacturer’s suggested retail price (MSRP) in June. As of the third week of July, several GPUs are already down by between $200 and $500.

However, despite the decline, GPU prices are still much higher than their respective MSRPs, leading to an average price inflation of 92%, according to TechSpot figures. Indeed, the listed price of the GeForce RTX 3060 Ti at $1,012 is about 153% of its MSRP of $400.

Related: cryptoprimacy.com/news/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown/amp”>Nvidia GPU prices in China fall amid crypto mining crackdown

With GPUs still selling at almost twice the MSRP, gamers and other non-crypto mining members of the PC hardware ecosystem might still find their cryptoprimacy.com/news/gpu-hardware-firm-riles-gaming-community-by-flirting-with-crypto-miners” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/gpu-hardware-firm-riles-gaming-community-by-flirting-with-crypto-miners/amp”>prices to be out of reach, especially for brand-new GPUs.

In fact, the same situation also exists in the used GPU market, with the current price drops not enough to cause a significant decline in price inflation.

However, as previously reported by Cointelegraph, cryptoprimacy.com/news/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cryptoprimacy.com/news/nvidia-gpu-prices-in-china-fall-amid-crypto-mining-crackdown/amp”>Nvidia GPU prices are down across Chinese e-commerce websites, likely due to the crackdown on crypto mining activities in the country.