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The Ethereum Effect: Graphics Card Prices

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The recent appearance of cryptocurrency and the exceeding popularity of Ethereum has led to a sudden shortage of graphics cards in the GPU market. Prices of GPU's are rising rapidly, and lots of different GPU models are already sold out. The mining craze is rapidly causing a huge catastrophe on the GPU market.  

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About Ethereum mining: Ethereum is just one of the cryptocurrencies that is responsible for the shortage of GPU's. The price of Ethereum has increased slowly over the past couple of years and the prices of Euthereum started to show its slow growth at the beginning of 2017. The price of Ethereum has increased from about $10 in January to $50 in march. The price eventually hit close to $400 in june. By july 3, price of Ethereum had dramatically dropped to $286 and it continued to decrease in value to $150 on july 16 before it began to rise again. The price currently sits at $330 from August 25 and it already appears that Ethereum will resume for some time.

Source: http://www.tomshardware.com/news/ethereum-effect-graphics-card-prices,34928.html

 

In the article it states that "Graphics cards are the tool of choice for miners of cryptocurrency, because although you can also use CPUs for the task, GPUs perform the task better and more efficiently", I think that miners are taking advantage of Ethereum prices because they look at the value of Ethereum and buy all of the graphics cards to take advantage of the profit that they will make. I think it isnt really fair for gamers who have to pay extra than the normal MSRP of the gpu because GPU prices are effected by the shortage of graphics cards causing the price of gpu's to rise. Since that motherboard and gpu manufacturers are already designing and creating specific motherboards and gpu's for miners, I think that they will be drawn to those motherboards and gpu's because it will allow miners to buy those gpu's and motherboards that are specifically designed for mining from the seller causing normal GPU prices to rise and a decrease of gpu shortages. Overall, I think that its a great idea for manufacturers to design pc components that are in the mining category that are specifically made for mining.

 

 

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Old news....

 

Also, making mining cards dont help much. They cost around the same as gaming cards but have much lower resale value.

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this, this isnt news. we all know about how annoying this is. atleast AMD are getting good sales out of it

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54 minutes ago, Teddy07 said:

glad i only play LoL and my i7 4790k can do it without my gtx 1070 which I sold.

i want 1070 prices to rise in my area so i can sell my 1070 for 1080 prices (so from $600 to $800 lol) 

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138 is a good number.

 

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2 hours ago, themctipers said:

i want 1070 prices to rise in my area so i can sell my 1070 for 1080 prices (so from $600 to $800 lol) 

Seriously? $600 1070s? Where? They're $400 all over eBay in the USA, I wanna sell mine where you are LOL 

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4 hours ago, TheBeastPC said:

Overall, I think that its a great idea for manufacturers to design pc components that are in the mining category that are specifically made for mining.

I've said it before, but I REALLY don't understand why people would think that would help...

 

The issue right now is that the FABS themselves can't produce fast enough to satisfy the huge demand that's going on. So really it's a supply and demand issue, with there being not enough supply and too much demand. These mining cards are still using GPUs from the fabs themselves. So the demand stays the same but so does the supply. So the problem is still there. All you're gonna see is maybe the mining cards get sold out pretty much instantaneously and then everyone goes back to normal cards.

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37 minutes ago, TGJamieErin said:

Seriously? $600 1070s? Where? They're $400 all over eBay in the USA, I wanna sell mine where you are LOL 

$600 CAD.

Regular retail price is about $500-600, 500 if you're lucky and 600 for regular. Around 650-700 for the nicer cards.

Yes, a 1070 here is $450 USD.

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138 is a good number.

 

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3 minutes ago, themctipers said:

$600 CAD.

Regular retail price is about $500-600, 500 if you're lucky and 600 for regular. Around 650-700 for the nicer cards.

Yes, a 1070 here is $450 USD.

I mean here in the USA they're $420-440 at the lowest so there is parity. 

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Just now, TGJamieErin said:

I mean here in the USA they're $420-440 at the lowest so there is parity. 

It was $600 before mining and $600 after mining. 

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138 is a good number.

 

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