At its peak Ethereum reached $378 per Ether and the GPU market went out and empty in less than a weak.
But this is not the only problem as I said above the GPU market exploded and went empty because miners began to cannibalize the RX series and the sellers of course.
People who wanted to make their new budget computer build could not even get their hands on a single one which left them empty handed and mad of course.
I also noticed that other cards were cannibalized as well :
The 1080Ti for example went from roughly $700 to $850 which meant emptying my shopping cart on amazon, newegg and minfactory because I went from a $1400 build to almost $1600.
The GPU market is still being cannibalized by miners though its worth noting that the 1080Ti is slowly recovering from the witch-hunt.
Why?
Because most card went from $915 to $820 in less 24hours on pcpartpicker's price drop email 'newsletter'.
So what is going on in the Ethereum world? Well the price dropped from that $380 zone to currently $259 roughly 31.6% That's good! Because I means investing into Ether is the trend now and new comers / new miners will think about buying a mining rig.
Though this could fire backwards and many many new miners will appear because Ethereum is down to $259 and will rise someday back to $400-390.
For all the gpu-buyer that are annoyed by all of this:
It will stop as it did with Bitcoin back in the days but think ahead and this means you can earn more money which means a better graphics-card so instead of a rx580 go with a 1070 or even a 1080.
Cheapest 1070 in EU | Cheapest 1070 in US
Cheapest 1080 in EU | Cheapest 1080 in US
I think you can find cheaper prices in the US, I don't know the US super-cheap price comparing sites but newegg should be fine as well right?.