GPU prices sky-rocketing

[Lsat0902]

In the past 1-1/2 months GPU Prices have jumped 150-200$....Did I miss something? Did the Nvidia factory burn down? 

If you can Enlighten me as to why I'm buying a 1070 ROG Strix for the price of a 1080 TI earlier this year....please do 

[Suika]

Miners are buying all of the midrange GPUs, and are now beginning to pick up GTX 1070s as the midrange cards are getting too expensive for them.

[Zando_]

Miners. They're out of RX cards, so now they're getting 1070s and 1060s. 

[Zando_]

Just now, Suika said:

Miners are buying all of the midrange GPUs.

Thankfully, I saw on the NCIX channel that Asus is releasing a mining specific card. If they can make millions of them, there may be enough to alleviate the stress on gaming cards. 

[Mooshi]

Coin mining aka dump abused cards on eBay in ~3 months because it failed fad is back. Because RX 580s are being sold out, Nvidia cards are now subject to this inflation.

[Cracklingice]

1070s are also low stock from people that were selling their used RX cards for the price of a 1070 and getting a free upgrade.

[Suika]

7 minutes ago, Zando Bob said:

Thankfully, I saw on the NCIX channel that Asus is releasing a mining specific card. If they can make millions of them, there may be enough to alleviate the stress on gaming cards. 

Unfortunately, there's no guarantee that they'll work. The problem is that an RX 580 can be resold just below MSRP and there's no way to prove the card lived a life of mining, so for miners, the ability to resell is still attractive.

[RadiatingLight]

BTW, don't buy a card now. if you can wait a bit more, prices should go down, or at least stabilize.

[Mooshi]

3 minutes ago, Suika said:

Unfortunately, there's no guarantee that they'll work. The problem is that an RX 580 can be resold just below MSRP and there's no way to prove the card lived a life of mining, so for miners, the ability to resell is still attractive.

Pure mining card seems like a horrible investment. When whatever the flavor of the month altcoin inevitably crashes, you're stuck with a card you wouldn't be able to do much with. At least with consumer GPUs you can still use them for their intended purpose of rendering/gaming.

[Lsat0902]

What is mining?

 

[Mooshi]

Just now, Lsat0902 said:

What is mining?

 

The idea of stressing your graphics card and power bill in order to make money at the push of a button. Yes, it seems absurd when it's put bluntly.

[Lsat0902]

1 minute ago, Mooshi said:

The idea of stressing your graphics card and power bill in order to make money at the push of a button. Yes, it seems absurd when it's put bluntly.

Yes it does, they raise the rower billl.....to make money?? could you explain a bit more

 

[Froody129]

3 minutes ago, Mooshi said:

The idea of stressing your graphics card and power bill in order to make money at the push of a button. Yes, it seems absurd when it's put bluntly.

Well, it works...

[Deli]

22 minutes ago, Zando Bob said:

Thankfully, I saw on the NCIX channel that Asus is releasing a mining specific card. If they can make millions of them, there may be enough to alleviate the stress on gaming cards. 

Yeah, but whatever mining card Asus is gonna release. The chip from the card is still come from either GloFo or TSMC. The rate miners clearing all the GPUs now. I doubt the two foundries can keep up with the production. The more the chips are made for mining specific cards, the less that will go to regular graphic cards. I bet the shortage will continue until the mining boom dies down.

[DocSwag]

6 minutes ago, Lsat0902 said:

What is mining?

 

Simply put, you do mathematical calculations with your pc and get rewarded with cryptocurrencies.

 

https://www.lifewire.com/cryptocoin-mining-for-beginners-2483064

 

It's most effective on GPUs, and right now Ethereum (a type of cryptocurrency) is super popular because it's kinda profitable.

 

However, it really hits your GPU when it comes to longevity and whatnot.

 

A lot of people are buying amd Polaris based GPUs because of mining right now, which makes them nearly impossible to find without paying 50% more than you should. In fact, they're so hard to find some people are moving to using Nvidia GPUs for mining, which, albeit being a bit worse for it, are still profitable.

[Mooshi]

1 minute ago, Lsat0902 said:

Yes it does, they raise the rower billl.....to make money?? could you explain a bit more

 

Think of it running a benchmark 24/7. You solve complex calculations and get rewarded for it. The more raw GPU power you have, the better. If your electricity is little cost to you, the reminder earned is profit. 

 

Overtime, calculations become nore difficult and you gradually earn less/need more GPU power.

 

What ends up happening is that it becomes too difficult to be profitable anymore and people dump all these abused cards on eBay at a loss. The point of even doing all of that is to (hopefully) be able to acquire Bitcoin and convert into your local currency. The risk and the effort required never seemed worth it to me. Plus it Fs up the supply and causes inflation.

[Lsat0902]

1 minute ago, Mooshi said:

2 minutes ago, Mooshi said:

Think of it running a benchmark 24/7. You solve complex calculations and get rewarded for it. The more raw GPU power you have, the better. If your electricity is little cost to you, the reminder earned is profit. 

 

Overtime, calculations become nore difficult and you gradually earn less/need more GPU power.

 

What ends up happening is that it becomes too difficult to be profitable anymore and people dump all these abused cards on eBay at a loss. The point of even doing all of that is to (hopefully) be able to acquire Bitcoin and convert into your local currency. The risk and the effort required never seemed worth it to me. Plus it Fs up the supply and causes inflation.

 I see, thanks

[Tech Wizard]

 

[Cracklingice]

3 hours ago, Mooshi said:

Pure mining card seems like a horrible investment. When whatever the flavor of the month altcoin inevitably crashes, you're stuck with a card you wouldn't be able to do much with. At least with consumer GPUs you can still use them for their intended purpose of rendering/gaming.

They can likely still be used for things like video rendering so there will still be some use for them.