Most likely the high difficulty, lower price, and EIP 1559 are having an impact. I had a few old RX GPUs listed for sale on Craiglist. I had 2 people who were going to buy the RX GPUs on the weekend. However as soon as EIP 1559 was announced they both cancelled on me. The price of ETH was much lower than it is now so people were already getting scared.
Also once the profitability drops way below $1/day/gpu then there will be alot of people who won't see the investment as wise. Like why buy a $1000 GPU to make less than $1/day. The ROI will be almost 3 years. Even if ROI was gauranteed many won't see it as a good investment and they will just put their money in stocks.
Funny 🤣, here I am waiting for a GPU to start doing 1$ per day before investing more money on GPU, I'm planning to build rigs with rtx3080 and AMD rx5700xt I'm sure this is coming by end of the year or early 2022, here In my country GPU price are still the same but I plan on buy from eBay or Amazon instead, can't wait. Also once the profitability drops way below $1/day/gpu then there will be alot of people who won't see the investment as wise. Like why buy a $1000 GPU to make less than $1/day. The ROI will be almost 3 years. Even if ROI was gauranteed many won't see it as a good investment and they will just put their money in stocks.
