The Merge, which transformed the ETH blockchain into a Proof-of-Stake consensus system, has triggered a steep decline, a nearly 60% drop in graphics processing unit (GPUs) prices, with Chinese sellers reporting the gear’s prices have reached their “lowest level ever.” Due to the latest ETH merge, the demand for powerful GPUs has rapidly fallen over the past months in the Chinese market. Those willing to buy an RTX 3080 in mainland China should spend about RMB 5,000 ($700), which earlier was around RMB 8,000.