Current GTX 1070 pricing and availibility

[Johntheawesomeguy]

I have been looking to start building a new computer soon, but I noticed that 1070 pricing is very strange. I live in the US and they seem to keep going out of stock at newegg and amazon and pricing is much higher than it has been previously on the cards that are available. Why is this? and will stock and price restabilize?

[Guest]

Miners. 

[Brooksie359]

The huge increase in bitcoin price has lead people to start buying mid range gpus in large amounts and has lead to unavailability in almost all midrange gpus.

[Ordinarily_Greater]

2 minutes ago, Brooksie359 said:

The huge increase in bitcoin price has lead people to start buying mid range gpus in large amounts and has lead to unavailability in almost all midrange gpus.

And maybe since the senior miners have money they would target 1080! Even Titan!

[DocSwag]

It's because of stupid miners.

 

Ethereum (type of crypto currency) is kinda profitable right now and is pretty effective on amd cards so people were buying a ton of amd cards hoping to use them for mining since it's profitable. Well all the amd cards are sold out everywhere or priced $100-$200 more than they should be, so people started moving from Polaris GPUs to using Pascal GPUs like the 1070. It's not as good as Polaris but it's still profitable. So now 1070s are going out of stock and up in price.

[Johntheawesomeguy]

Just now, DocSwag said:

It's because of stupid miners.

 

Ethereum (type of crypto currency) is kinda profitable right now and is pretty effective on amd cards so people were buying a ton of amd cards hoping to use them for mining since it's profitable. Well all the amd cards are sold out everywhere or priced $100-$200 more than they should be, so people started moving from Polaris GPUs to using Pascal GPUs like the 1070. It's not as good as Polaris but it's still profitable. So now 1070s are going out of stock and up in price.

 

9 minutes ago, Brooksie359 said:

The huge increase in bitcoin price has lead people to start buying mid range gpus in large amounts and has lead to unavailability in almost all midrange gpus.

damn cryptocurrency miners, is there any way of knowing how long this will last? I really wanted to get some new stuff but the price of graphics cards at the moment is holding me back

[Brooksie359]

1 minute ago, Johntheawesomeguy said:

 

damn cryptocurrency miners, is there any way of knowing how long this will last? I really wanted to get some new stuff but the price of graphics cards at the moment is holding me back

Well they are releasing miner cards to combat this so I would assume that prices will normalize in the next month or two.

[Ordinarily_Greater]

2 minutes ago, Johntheawesomeguy said:

 

damn cryptocurrency miners, is there any way of knowing how long this will last? I really wanted to get some new stuff but the price of graphics cards at the moment is holding me back

It is like unpredictable tsunami, and suddenly it disappeared...

[TheGhzGuy]

7 minutes ago, Johntheawesomeguy said:

 

damn cryptocurrency miners, is there any way of knowing how long this will last? I really wanted to get some new stuff but the price of graphics cards at the moment is holding me back

Ethereum will no longer be mineable come November of this year. I believe due to the switch from Proof of Work to Proof of Stake. It's already getting much more difficult, so there's that as well (2GB cards are pretty much useless actually)

[Johntheawesomeguy]

1 minute ago, TheGhzGuy said:

Ethereum will no longer be mineable come November of this year. I believe due to the switch from Proof of Work to Proof of Stake. It's already getting much more difficult, so there's that as well (2GB cards are pretty much useless actually)

tell me about it, the whole reason for this upgrade is because my 2 gb gtx 960 is a bottleneck in a lot of games and my shit fx 8310 isnt helping

[Ordinarily_Greater]

1 minute ago, Johntheawesomeguy said:

tell me about it, the whole reason for this upgrade is because my 2 gb gtx 960 is a bottleneck in a lot of games and my shit fx 8310 isnt helping

Well what about GTX 970?

[TheGhzGuy]

Just now, Johntheawesomeguy said:

tell me about it, the whole reason for this upgrade is because my 2 gb gtx 960 is a bottleneck in a lot of games and my shit fx 8310 isnt helping

Probably should clarify, Ethereum Mining takes up VRAM, and the tasks are already larger than 2GB. In a few months, the RX 470 might not be profitable anymore either. (It'll be too slow, about half the mining rate)

[Johntheawesomeguy]

Just now, Ordinarily_Greater said:

Well what about GTX 970?

it would certainly help, but I have been saving for an all new pc and don't think an upgrade is going to do much good.

[Johntheawesomeguy]

Just now, TheGhzGuy said:

Probably should clarify, Ethereum Mining takes up VRAM, and the tasks are already larger than 2GB. In a few months, the RX 470 might not be profitable anymore either. (It'll be too slow, about half the mining rate)

ah I see, well I would argue 2gb of vram may not be equally as useless in gaming, but still pretty bad

[Ordinarily_Greater]

1 minute ago, Johntheawesomeguy said:

it would certainly help, but I have been saving for an all new pc and don't think an upgrade is going to do much good.

What budget mate? $800?

[Johntheawesomeguy]

Just now, Ordinarily_Greater said:

What budget mate? $800?

for the new system I have a $1000 budget in mind and the only thing I am using from the old system is storage. This is because I want to sell the old one and build an ITX gaming pc.

[TheGhzGuy]

3 minutes ago, Johntheawesomeguy said:

ah I see, well I would argue 2gb of vram may not be equally as useless in gaming, but still pretty bad

That's a good point. I'll still be using 1GB and 2GB cards for my own "Mining" (Gridcoin)

[Ordinarily_Greater]

3 minutes ago, Johntheawesomeguy said:

build an ITX gaming pc.

Harshest thing i ever see...

[DocSwag]

20 minutes ago, Johntheawesomeguy said:

 

damn cryptocurrency miners, is there any way of knowing how long this will last? I really wanted to get some new stuff but the price of graphics cards at the moment is holding me back

No it's really uncertain.

 

If you're willing to though you might want to consider looking towards the used market for a 980 ti. You can usually get em for $300-$350 or so and they're similar to 1070 i performance.

17 minutes ago, Brooksie359 said:

Well they are releasing miner cards to combat this so I would assume that prices will normalize in the next month or two.

I've said it before, I really doubt that'll do much. The problem is the fabs don't have enough supply for the demand, and the mining cards are still going to be coming from the fabs. What's really gonna happen is they're gonna become sold out super fast in which case either people will start buying normal GPUs again or the sellers will start putting more GPUs into the mining GPUs which will in turn mean there's less normal GPUs available. Either way it won't help much.

[Brooksie359]

6 minutes ago, DocSwag said:

No it's really uncertain.

 

If you're willing to though you might want to consider looking towards the used market for a 980 ti. You can usually get em for $300-$350 or so and they're similar to 1070 i performance.

I've said it before, I really doubt that'll do much. The problem is the fabs don't have enough supply for the demand, and the mining cards are still going to be coming from the fabs. What's really gonna happen is they're gonna become sold out super fast in which case either people will start buying normal GPUs again or the sellers will start putting more GPUs into the mining GPUs which will in turn mean there's less normal GPUs available. Either way it won't help much.

The fad will go away in the next month or so when people realise it's going to get less and less profitable and the value of the cryptocurrency should go down as people start selling all the coins they are mining.

[Johntheawesomeguy]

9 minutes ago, DocSwag said:

If you're willing to though you might want to consider looking towards the used market for a 980 ti. You can usually get em for $300-$350 or so and they're similar to 1070 i performance.

1

I will consider that, although for a new pc im not a fan of using used parts

[DocSwag]

36 minutes ago, Johntheawesomeguy said:

I will consider that, although for a new pc im not a fan of using used parts

Yeah I understand your concern. It's just that 1070s are getting so hard to get your hands on....

 

One alternative you might consider is waiting for vega. It's planned for release at the end of July/early August. However, I wouldn't be surprised if they also become popular mining cards so you should buy quickly, not to mention that that means waiting over a month.

[Johntheawesomeguy]

35 minutes ago, DocSwag said:

Yeah I understand your concern. It's just that 1070s are getting so hard to get your hands on....

 

One alternative you might consider is waiting for vega. It's planned for release at the end of July/early August. However, I wouldn't be surprised if they also become popular mining cards so you should buy quickly, not to mention that that means waiting over a month.

I can hold out for longer, my pc still does fine in most games. I hope that they aren't hard to get your hands on at launch though :/

[DocSwag]

1 minute ago, Johntheawesomeguy said:

I can hold out for longer, my pc still does fine in most games. I hope that they aren't hard to get your hands on at launch though :/

It's a bit of a gamble tbh  

 

I really don't know. I'd guess for the first few days it'd be ok but I'm really not sure.

 

I'm also waiting for vega but now I'm getting a bit worried that I might not be able to get it.

[Simon771]

I came here, because I also noticed that prices are higher than they used to be for Nvidia GPUs.

Price on mindfactory about 2 weeks ago:

 

GTX 1080 Ti: 670€

GTX 1080: 470€

GTX 1070: 360€

 

Now The chepeast 1080 ti is 710€, GTX 1080 for 540€ and GTX 1070 for 420€.

So because RX 4xx and 5xx are out of stock, miners are buying nvidia cards aswell