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Bitcoin/Cryptocurrency Craze Wipes out AMD GPU Supply

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http://deliddedtech.com/2017/05/28/bitcoincryptocurrency-craze-wipes-out-amd-gpu-supply/

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"PC gamers may find themselves struggling to find AMD’s RX 570 or RX 580 available anywhere near it’s MSRP. The great surge in demand comes from the recent spike in the price of Bitcoin,"

 

 

Do you guys think this is good for AMD? They've had this happen before. While it certainly is helping short term sales, they aren't getting extra from the wholesalers/retailers that are charging more than MSRP. In addition, it could have negative effects in the long term due to large-scale offloading of used cards when this whole mining thing slows down, thus eventually encouraging users to pick up a used one for half price instead of buying new. In addition, gamers that are currently unable to get an AMD GPU at a reasonable price may go with NVIDIA, and get locked into proprietary hardware such as GSync monitors, thus discouraging them from upgrading to AMD in the future, thus hurting future sales.

 

I personally have an RX 380 that I need to RMA, but I'm worried about if they'll even have any extras to replace it with since they're selling so quickly.

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All sales are good for AMD.

But this is strange to me considering ASIC hardware seems to have such a big advantage over plain video cards.

 

Edit:

Thanks for explaining why they were buying GPUs over ASIC miners. Wasn't aware of that.

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Just now, TetraSky said:

All sales are good for AMD.

But this is strange to me considering ASIC hardware seems to have such a big advantage over plain video cards.

Realize most money is made from alt coins which many are ASIC proof so they can actually hold their value. Etheruem was to blame for the shortage of 1060s and 480s. Still short supplies considering the prices online

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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Stores can limit the amount each person can buy. Say 2 max.

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3 minutes ago, NumLock21 said:

Stores can limit the amount each person can buy. Say 2 max.

Even with this the shit is out of stock. Buddy of mine contacted newegg and actually got them to send him a GPU the day they got in contact. He's going from a 560Ti to a RX 580.

 

 

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28 minutes ago, eyecantseeover24fps said:

gamers that are currently unable to get an AMD GPU at a reasonable price may go with NVIDIA, and get locked into proprietary hardware such as GSync monitors, thus discouraging them from upgrading to AMD in the future, thus hurting future sales.

People that buy a $200 GPU aren't about to spend $500 on a monitor for G-sync

Plus, most people don't even know G-sync and Freesync exist.

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16 minutes ago, NumLock21 said:

Stores can limit the amount each person can buy. Say 2 max.

That never really works.

I can just buy 2, and then buy 2 again, or ask my friend to buy 2.

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this isn't a BTC thing, it's ETH and Monero that matters here.. 

people build 5x, 6x, 7x, even 10x480/580 machines

idk

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1 hour ago, TetraSky said:

All sales are good for AMD.

But this is strange to me considering ASIC hardware seems to have such a big advantage over plain video cards.

Algos like Daggerhash , Cryptonight and Lyra2REv2 run pretty much exclusively on GPU´s , and those are for the most popular altcoins like Monero and ETH 

a miner like any sizable Antminers are like 2grand , simply put the Hash/$$$ is way better on Gpus than Aisc's atm 

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If I could spare the money to buy them, I'd be making use of 6 RX 580 for crypto currency mining. 2x on LGA775 PCIe Gen 1 boards, 2x on an LGA775 PCIe Gen 2 board and 2 on my main rig's LGA1150 board.

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No suprise.. A friend of a friend posted an image of 16(sixteen!!) 580s on Facebook a couple of days ago... People be insane..

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i discovered my rx480's can pay for themselves, very happy right now :-)

plus i can play while mining etherium :-)

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what would be a good crypto to mine on a 1070?

idk

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2 minutes ago, Droidbot said:

what would be a good crypto to mine on a 1070?

Zcash

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Just now, DeadEyePsycho said:

Zcash

RIP my power bill boys, I'm going in headfirst. 

Also - would mining on a GTX 950 be profitable? Considering mining with my eGPU when I'm there

idk

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3 minutes ago, Droidbot said:

RIP my power bill boys, I'm going in headfirst. 

Also - would mining on a GTX 950 be profitable? Considering mining with my eGPU when I'm there

That depends on how much you pay for power. You could convert to USD and use a mining calculator.

 

960 = ~150H/s

1070 = ~450H/s

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1 hour ago, RadiatingLight said:

That never really works.

I can just buy 2, and then buy 2 again, or ask my friend to buy 2.

I had thought about that, but it was too late. Already clicked on the submit reply button.

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Just now, huilun02 said:

Not this again... 

Now people looking for a $200+ card be in a sad predicament 

our local Sim Lim square are out of stock for the RX 580s

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Just now, huilun02 said:

:(

Oh well I wasn't looking to get one anyway. But people then builders here will be stuck with overpriced Nvidia stuff

the R9 290/X Bitcoin Deja Vu again

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7 minutes ago, dragoon20005 said:

the R9 290/X Bitcoin Deja Vu again

@Space Reptile

Speaking of such things, how useful would my 290X's be for this once I get round to replacing them?

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Ive got a 1070 strix, r9 nano, and fury x. Any of these worth mining on? 

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55 minutes ago, goodtofufriday said:

Ive got a 1070 strix, r9 nano, and fury x. Any of these worth mining on? 

AMD cards are better miners

 

so my guess your Fury X and Fury Nano are the better ones

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Man, my old 290x will do great with Eth if i didn't sell it.  :/

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6 hours ago, NumLock21 said:

Stores can limit the amount each person can buy. Say 2 max.

That would be nice.  I hate when I can't buy something because greedy stupid people buy up lots of items they know people want for the some purpose of selling them on eBay or elsewhere two seconds later.  ?

 

That's why I got stuck paying $45 for an Ocarina of Time Link amiibo and $50 for the two pack of Link and Zelda from Wind Waker.  ??

 

 

5 hours ago, NumLock21 said:

I had thought about that, but it was too late. Already clicked on the submit reply button.

Retailers online could restrict sales on a per account basis or isn't it possible to keep track of buyer IP addresses so sites like Amazon or Newegg could prevent scumbags from simply making multiple accounts?

 

5 hours ago, DeadEyePsycho said:

Zcash

I thought this e currency craze mostly settled down because things like Bitcoin and others had gotten to a point of severely diminished returns?   

 

So what's with this gold rush of sorts all of a sudden?

 

That mining even small amounts of Bitcoin took way too long and cost way too much to run hardware to do the mining.

 

 

That being said, not that I for sure would bother, but how do you mine for Bitcoin, ethereum, or this Zcash stuff?    Is it a program you download or something else? 

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