I'll be on the sidelines waiting to see how this turns out. When there was a monthly income from mining and selling ETH, with payback that could be counted in

I'll be on the sidelines waiting to see how this turns out. When there was a monthly income from mining and selling ETH, with payback that could be counted in a few months, insane GPU prices made sense for miners (or combo gamer/miners.) Without that, it's down to gamers with high discretionary income, and how well alternatives are priced. For example, if you can get an RTX 3080 or 3090 for less than $600, you might not consider the RTX 4080 or higher. If AMD releases competitive parts and undercuts their prices (I'd bet on this), these parts will likely take longer to sell, and drop in price. Almost certainly, with Nvidia's overstock of RTX 3000 cards, they simply want the RTX 3000 to look good in comparison, and get sold, while they control the supply of RTX 4000 cards (perhaps only producing a relative trickle until the RTX 3000 are gone.) Then they could adjust prices to meet the market, and again the RTX 4000 "lower" prices will seem better (if only in comparison to the previous prices.) (Disclaimer: I paid $800 for an AMD Radeon RX 6700 XT 12GB, and mined enough ETH to pay it off, and then stopped mining. I wanted it for gaming, but I did not think the price was reasonable.)