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What's the deal with AMD prices lately?

In late July I bought a radeon hd 7970 for ~ 320 USD. Up until recently, this was the norm for this card with sales going on in one place or another. Recently however, the price has rocketed up to 500USD. The same goes for the R9 280x, marketed for release at a listing around 300USD. It has since skyrocketed ~100USD. Are both due to companies taking advantage of bitcoin mining or something? Can someone please provide an explanation, and your thoughts on whether or not they'll return to their standard prices eventually. 

Thank you kindly
- BuhQuick

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Are both due to companies taking advantage of bitcoin mining or something?

Yep and the fact that AMD cards to amazing with mining doesn't help. 

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Coin mining values went up and because AMD video are better miners their value went up signifcantly. Its dumb and until coin prices go down or deflation hits them the prices IMO will stay where they are. 

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Is it just me or is Grammar slowly becoming extinct on LTT? 

 

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negf541.jpg

 

By that i mean Bitcoin/Litecoin miners

 

 

 
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yeah, prices are just mad, now is not a good time to buy 280x/7970. (in finland 280x costs 50€ more than 290)

That's just ridiculous. I guess I'll be holding off on the plans to crossfire then huh? xD

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I snctahed 2x280x for cheap and they have almost payed for themselves in less than 20 days :D me happy!

Harr, darr and a couple of....... plastic earings?

 

LTC Wallet: LMiWdifKAN546FjyRspfhmfBWidyRPeEUK

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yeah, prices are just mad, now is not a good time to buy 280x/7970. (in finland 280x costs 50€ more than 290)

Where? Jimms sells them for 300 €. 290 is 400 €.

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Is it AMD themselves who put the prices up?

My PC specs; Processor: Intel i5 2500K @4.6GHz, Graphics card: Sapphire AMD R9 Nano 4GB DD Overclocked @1050MHz Core and 550 MHz Memory. Hard Drives: 500GB Seagate Barracuda 7200 RPM, 2TB Western Digital Green Drive, Motherboard: Asus P8Z77-V , Power Supply: OCZ ZS series 750W 80+ Bronze certified, Case: NZXT S340, Memory: Corsair Vengance series Ram, Dual Channel kit @ 1866 Mhz, 10-11-10-30 Timings, 4x4 GB DIMMs. Cooler: CoolerMaster Seidon 240V

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Bitcoin Mining.

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I wish the prices would go back down, I have my first system fully put together sitting right beside me...the only problem is that i don't have a graphics card yet

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Well Tiger Direct had an R9 280x for $300 and I missed out on it as I was too busy dealing with other bs when for the last many, many nights I was looking for vid card deals all day and night.  Pfffff

Too many ****ing games!  Back log 4 life! :S

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