Even before 2021's mining boom there were stock and scalping issues causing high prices, mining has just added to the issue. Even before that, before the launch of the new consoles people were excited that the new 3080 was "just" £650 accepting that as cheap for a GPU. Even before Covid costs were rising. Back in 2017/2018 during the first big mining boom GPU's went through the roof.
When I can build a gaming PC as powerful as an Xbox or PS5 I'll consider it again if the performance is there relative to the cost (happy to more for more performance) As of right now your paying an absolutely insane premium for what? Ported games? Because if not the multi platform triple A titles and we're talking games exclusive to Steam then these are generally games that dont need powerful hardware.
It probably will blow over, but it'll blow back again in terms of mining and despite mining the costs were ever increasing anyway. I've been gaming on a PC for 27 years, a year ago I would never have thought I wouldnt be without a PC and gaming on a console, fast toward to today and I honestly feel like I'm enjoying gaming again and I've never been so impress with a gaming hardware purchase it really is impressive for such a tiny little box, I honestly dont know what impresses me more, the performance, the complete silence, the fact everything is contained in one tiny box that cost so little compared to a desktop GPU, the list goes on