According to a report by Bloomberg this morning, the cryptocurrency mining industry is dying at a rapid pace. With many of the world’s major cryptocurrencies, such as Bitcoin and Ethereum, crashing, mining is no longer a sustainable form of income for many people. As a result, miners are selling off the best GPUs in droves, causing GPU prices on the second-hand market to plummet as much as 50% in recent months. (Bloomberg‘s data starts at the end of May) .

This is great news for PC gamers and means the used GPU market is now a viable solution for buying graphics cards on a budget. Before the crypto crash, used GPU prices were so expensive that buying a brand new card was often a better decision. If you want to see just how absurd eBay prices were just a few months ago, check out our GPU Pricing Index here.