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Teka (OP)
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December 11, 2013, 06:47:46 PM |
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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_blameSo 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. |
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Xian01
Legendary
 Offline
Activity: 1652
Merit: 1067
Christian Antkow
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December 11, 2013, 06:51:44 PM |
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Today I learned that people still mine Bitcoins with GPU's. |
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Teka (OP)
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December 11, 2013, 06:54:06 PM |
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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. |
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artiface
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December 11, 2013, 06:57:06 PM |
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Today I learned that people still mine Bitcoins with GPU's. They are used for Scrypt coins, which right now are much more profitable than bitcoin to mine. |
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superduh
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December 11, 2013, 07:05:10 PM
Last edit: December 11, 2013, 09:11:47 PM by superduh |
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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
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ok
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Teka (OP)
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December 11, 2013, 07:10:09 PM |
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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.
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. |
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artiface
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December 11, 2013, 07:14:00 PM |
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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.
lol
insanity
we need price of alt currencies to plummet
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 |
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xzempt
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December 11, 2013, 08:06:13 PM |
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Supply and Demand..... Along with a Declining Dollar........ basic economics.....
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Teka (OP)
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December 11, 2013, 08:09:00 PM |
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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. |
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wpgdeez
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December 11, 2013, 08:12:49 PM |
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I wanted to expand my rigs and had to dish out for R9 290's due to the shortage  |
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superduh
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December 11, 2013, 09:11:28 PM |
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ok
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superduh
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December 14, 2013, 04:54:44 PM |
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another price hike to $420 for 280x  5th price hike in a month i think |
ok
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Teka (OP)
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December 14, 2013, 05:53:33 PM |
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I guess the price hike is quite good for people like me who wan't to sell their gpus.
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bowen151
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December 15, 2013, 01:57:33 PM |
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The UK prices are even worse
It's a killer!
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-Buying/Selling graphics cards every month --Buying BTC every month £/$/€200+ wanted ---UK based re-seller of physical bitcoins Click here to buy |
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