Will the GPU cost normalize in the future? Are all of them overpriced because of miners? quarantine? or because of material shortage on earth?
Material shortage, partial effects of COVID-19, and then topped off by greedy scalpers who buy several high end cards for perhaps £500-£700 each, keep one for themselves, and stick the rest on eBay for anywhere from £1,300 to £2,500.
Silicon is in short supply at the moment. I'm waiting on an iPad Pro from my mobile network, the order was placed 3 weeks ago and they've still not given an ETA of stock. All to do with material shortage, for the iPad it's to do with the fact that the hardware used in the LIDAR scanner is in short supply, for the GPU's, it's mainly the silicon that's in short supply. It's not just GPU's though, other things are affected as well.
I ended up buying my PC as a pre-built with a 3070 in, because I couldn't find a 3080 anywhere for less than £1,500. And I didn't want to join the back of a long back order queue and be waiting for months for it.
With the current climate, it's been said that supply levels of current graphics card won't catch up with demand, and prices won't return to anything close to normal, until possibly early to mid 2022.