Bitcoin Forum

Over the last few days, I have been looking for an upgrade to my 7950 so I decided to check ebay to see if a crossfire option would be a good way to go but I saw that for some reason the used gpu's were nearly as expensive as new ones and they were a lot more expensive then when I bought my 7950 open box. After realizing that I might as well sell my 7950 I went looking for other options and when I decided that a r9 290 was the way to go since my friend recently bought one and the mining/gaming performance was quite good I went looking for deals online. As it turned the MSI R9 290 that my friend bought a week ago for £311 new was now £332. So I started researching why the price suddenly increased and as it turns out much to my surprise it was us miners who were behind the price increase and although it was my first thought I didn't think we made that much of a difference to the gpu market share.


Related Article on Maximum PC: http://www.maximumpc.com/amd_radeon_r9_290x_short_supply_bitcoin_mining_blame

So what do you guys think about this? Should AMD make a crazy overkill mining gpu? I mean Nvidia did make a crazy gaming gpu that was a little bit on the expensive side aka TITAN.








P.S MODS I'M NOT SURE IF THIS THE RIGHT PLACE FOR THIS SO PLEASE MOVE IT IF IT ISN'T.

 Today I learned that people still mine Bitcoins with GPU's.

I think it's more media being a little bit uneducated. I personally think that most of these gpus are being used for Litecoin mining or other scrypt currencies.

They are used for Scrypt coins, which right now are much more profitable than bitcoin to mine. 

it's officially insane.
7950s are being resold by authorized sellers for $400+
7970s are going for about $500

and the r9 280x's have had several price hikes approaching $300. $400* oops

lol

insanity

we need price of alt currencies to plummet

Yeah, I was extremely surprised how much my 7950 was worth. I think that it might be a potential step towards more money being spent on development of mining hardware. I'm pretty sure that a lot of people including myself would prefer if alt currencies went up rather than plummeted. Just out of interest are you a gamer? I'm pretty sure that a lot of gamers and maybe even some system builders aren't extremely happy with the price increase.

If you can find a r9 280x in-stock anywhere that you can buy for $300 you should buy it up and make a hefty profit on ebay.  

The only ones i've been able to find in stock are asking $400 - $500 -- for a 280x.  Yes it's insane.
I tried to buy some 3- 280x cards last week and the price was going up in $20 increments as it sat in my amazon shopping cart.  Once I ordered them, then they cancelled my orders saying they were out of stock... because they sold them to someone else for higher.  This happend with 3 different sellers on amazon before I gave up and bought twice as many 270x

Supply and Demand..... Along with a Declining Dollar........   basic economics..... 

Very true. I wonder how long it will take before the prices start coming down.

I wanted to expand my rigs and had to dish out for R9 290's due to the shortage :(

that was a typo i was trying to say approaching $400 not $300  :o :o :o

another price hike to $420 for 280x :D 5th price hike in a month i think

I guess the price hike is quite good for people like me who wan't to sell their gpus.

The UK prices are even worse

It's a killer!