rx470 GPU Pricing is Officially Broken

[Dylanc431]

So, doing as I normally do I was browsing Amazon for some tech stuff to buy and I decided that I kinda want a GPU upgrade, I currently have a 1050Ti that I got for about €130, At the time I bought it I seen the RX470 8GB for about 50-60 more than the 1050Ti. So today I'm browsing Amazon.co.uk and see a Sapphire Nitro RX470 8GB for the price of a high end GTX 1070... What is this?? I knew Bitcoin mining is the cause for some of the RX500 cards going up in price but really?? 

[You_are_a_cunt]

It's the cryptocurrency craze all over again.

[HKZeroFive]

Two words. "Supply" and "demand".

[Dylanc431]

Just now, revsilverspine said:

It's the cryptocurrency craze all over again.

Pretty much, it's gonna screw anyone over looking to take advantage of any AMD stuff going down in price after Vega 

[Ordinarily_Greater]

Yes I was looking at RX 480 and guess what?

[Dylanc431]

Just now, HKZeroFive said:

Two words. "Supply" and "demand".

I know, but there has to be some kind of limit there... like, If I'm spending over 600 pounds on a graphics card I'm gonna go with a high end GTX card.

[Tenma White]

Meh every PC stuffs in my country costs pretty much $30-$40 more lmao, 1050 Ti's are at $200 and 1060's are at $300

[You_are_a_cunt]

Just now, Dylanc431 said:

Pretty much, it's gonna screw anyone over looking to take advantage of any AMD stuff going down in price after Vega 

Unlikely. back in the day prices were above MSRP even for second hand cards. People will be looking to buy these cards for mining rigs even after Vega's release

[Dylanc431]

1 minute ago, Ordinarily_Greater said:

Yes I was looking at RX 480 and guess what?

I was reading an article that said there are people selling their RX 480s for more than they sold for new... That's crazy

[HKZeroFive]

Just now, Dylanc431 said:

I know, but there has to be some kind of limit there... like, If I'm spending over 600 pounds on a graphics card I'm gonna go with a high end GTX card.

There's no such "limit". It's happened with the HD 7000 and R9 200 series, and it's happening again with the RX 400/500 series.

[Dylanc431]

1 minute ago, revsilverspine said:

Unlikely. back in the day prices were above MSRP even for second hand cards. People will be looking to buy these cards for mining rigs even after Vega's release

That's what I mean, a drop in the RX line's price after vega may happen after some time to boost their lower end along with Vega, so people will snap up the cheaper cards for mining rigs, screwing over normal buyers, then messing with the used market down the road by selling heavily used and possibly damaged mining cards, it'll be the HD7000 Series all over again 

[Ordinarily_Greater]

1 minute ago, Dylanc431 said:

I was reading an article that said there are people selling their RX 480s for more than they sold for new... That's crazy

Luckily I was going to upgrade my old pc so no worries, getting used GTX 970.

Even if I touch new heights (upgrade totally to new socket) GTX 1070 is still fine

[SageOfSpice]

Holy, lol. I wonder what happened. Newegg is completely sold out of every single 470, 480, 570, and 580.

[ELSknutson]

The prices are high because the 500 series cards just dropped and are out of stock so the 3ed party distributors are jacking the prices skyhigh 

[Dylanc431]

1 minute ago, SageOfSpice said:

Holy, lol. I wonder what happened. Newegg is completely sold out of every single 480 and 580.

Yeah, the 470's are at the price of 580's and above at this point which makes no sense to me whatsoever

[WereCat]

Now makes me think if I should stock up on some RX cards since they are still about €200-€280 in my country and then resell them.

[Vishvas Sudarshan]

How does Bitcoin stuff affect GPU pricing? Can someone explain it to me?

[WereCat]

Just now, Vishvas Sudarshan said:

How does Bitcoin stuff affect GPU pricing? Can someone explain it to me?

Because AMD cards are great for mining crypto currency as they offer the most mega hashes per second at low power.

[Dylanc431]

7 minutes ago, Vishvas Sudarshan said:

How does Bitcoin stuff affect GPU pricing? Can someone explain it to me?

And the fact that generally AMD cards are cheaper to buy new than NVidia cards, for example, you used to be able to get an RX480 (highest end RX card before the 580) for a little cheaper than the 1060 to get close in performance to it with an 8GB VRAM buffer, Crossfire 2 480's and you get enough power to match a GTX 1080 FE. Now think of a Mining rig with like 8 480 cards in it and you see the kind of power we have going on at a price that's much cheaper than doing the same with NVidia cards

[Dylanc431]

11 minutes ago, WereCat said:

Now makes me think if I should stock up on some RX cards since they are still about €200-€280 in my country and then resell them.

And I'd take one off your hands, I'd give you my 1050Ti and like 50 euro  

[WereCat]

42 minutes ago, Dylanc431 said:

And I'd take one off your hands, I'd give you my 1050Ti and like 50 euro