It's not just the price, but the rising difficulty[1]. Since last month the price of ETH dropped by more than 50% (from a record high bubble). In the same time

It's not just the price, but the rising difficulty[1]. Since last month the price of ETH dropped by more than 50% (from a record high bubble). In the same time span, difficulty - how much ETH you can expect to get per whatever your GPU's hashrate is - has nearly doubled. A whole bunch of people bought in last month when mining profitability calculators were saying you could make $X per month per card, where X is a significant percentage of the card's retail price. Now it's $X/4, the difficulty continues its steady rise, and the fiat price of ETH is totally unpredictable but appears to be on a downward trend. Unless the price of ETH returns to record highs, the cards people bought last month will never pay for themselves. That's why they're flooding eBay. [1] https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart https://www.coinwarz.com/difficulty-charts/ethereum-difficul...