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GPU Prices Soar as Bitcoin Miners Buy Up Hardware To Build Rigs (computerworld.com)
"Bitcoin and other cryptocurrency miners have created a dearth of mid-range and high-end GPU cards that are selling for twice as much as suggested retail," reports Computerworld. "The reason: miners are setting up server farms with the cards."
Lucas123 writes: GPU prices have more than doubled in some cases... Some of the most popular GPUs can't even be found anymore as they've sold out due to demand. Meanwhile, some retailers are pushing back against bitcoin miners by showing favoritism to their traditional gamer customers, allowing them to purchase GPUs at manufacturer's suggested retail price. Earlier this year, NVIDIA asked retailers of its hardware to prioritize sales to gamers over cryptocurrency miners.
they should just sell the same gamer class gpus without video ports at half price to the idiot miners.
1) Bitcoin is NOT mined on GPU, since like 5 years. Only on special ASIC devices. You ment to write that crypto-currencies, ALTcoins, are GPU mined
2) This is going on for like 1-2 years now, including the GPU shortage as result of ALT-coin mining
I suppose they've ramped up production. Good times at nvidia and amd/ati!
No one has mined Bitcoin or any of its offspring with GPU for years. Get your story straight!
This has been known for a while. Post some stuff that isn't stale bread.
All of this information is new and startling. Had it not been for this report I would have gone on thinking that high GPU prices was due to a resurgence of PC gaming. Now I know better.
just an excuse to explain poor supply and price gauging.
cards are back in stock and the major source of demand for GPU mining, Ethereum & it's offshoots, are about to get ASICs that are about 5x faster than a GPU for less power (still 200 days to the break even point). Prices'll go back down to normal as more ASICs hit the market.
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literally anyone who would care about this phenomenon already knows about it. In fact, aren't prices coming back down now that the hype has subsided?
Hothardware reports that pricing is now on a downward trend, with GPU prices approaching MSRP. They suggest that this is at least in part due to a new Ethereum ASIC miner. And they provide citations to show that the prices are actually falling, while computerworld simply makes a claim with no evidence...
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
The GPU gold rush for mining has been ongoing for quite a while. It has recently subsided in tandem with the sustained price drop of crypto currencies.
The trend has reverses on GPU pricing
Welcome to 2016. What moron posted this article. GPU prices are dropping not soaring, Bitcoin hasn't been mined on GPU's for years now, alt coin mining since the price crashes has led to nice drops in GPU prices
Seriously? This has been on going for over a year. This isn't anything new. And it's not Bitcoin, it's altcoins like Etherium.
If there were a smaller market for GPUs, the economy of scale aspect wouldn't be working in anyone's favor. No chipmaker gives a shit whether your framerates are 30FPS or 60FPS or that you can bump your resolution to 4K versus ... unless you can do so on their competitor's cards at a price point that threatens viability of their own offerings (If nobody buys it because someone else has something way better, they don't make back the sunk costs of R&D, tooling, manufacturing, marketing, etc).
There are still coins you can mine from GPUs. I'm actually intrigued by what the Dogethereum project might do to the market since that's shifting back to GPU.
100,000 gamers: "I want a new GPU for cheap because I want higher framerates, but I'm poor!"
10,000,000 cryptocurrency miners: "I want several better GPUs because I can make more money from them and I'm willing to pay for that privilege if you'll deliver a respectable ROI."
GPU maker: "Okay, miners, you'll get your new card. Gamers, since yields are never perfect, we'll offer the cards to you for cheap if you're okay with the cores that don't work being disabled in hardware. It's still over four times as fast as anything else the other guys can offer for the price."
All: "Great!!"
In a world of the blind, the one-eyed man is king--and the two-eyed man is a heretic.
Why do you think Satoshi Nakamoto is really hiding his identity, if Bitcoin is really such a great innovation?
He is just someone does not like media/fan attention?
Or, could it be really because Bitcoin (and all cryptocurrencies followed it) are actually Ponzi Schemes?
(So he knew very well that law enforcement would come after him sooner or later?!)
If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
Because the price of Bitcoin proved to be extremely unstable to use as a currency?
Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
Aren't all work the same way?
Or, they are not actually virtual currency but virtual investment?
But, if they are actually investment, why we need/want them?
What would happen to world economy, if people invested in virtual investments, instead of real investments?
Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
(Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)
As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere!
All cryptocurrencies need to be banned globally before it is too late!
Nvidia needs to accept that it's a free market and just accept that the goods will get sold to the highest bidder. ...just like our political offices...
Bitcoin isn't mined with GPUs and everyone to your grandmother covered this a long time ago
Thats why my local online classifieds (we use kijiji in most of canada eh?) is overrun with used mining cards & rigs and nib high end gfx cards bought to mine but being sold unused at a loss. Bitcoin is magic gais!!
So this is how the world will end. Everything will be consumed mining Bitcoin.
Why are you reposting last year's news? Why are the "editors" greenlighting it?
selling for twice as much as suggested retail
In dollars or Bitcoin?
Have gnu, will travel.
Yeah, I'm sure retailers give a flying donkey's rear who they sell to. If someone comes in with a wad of cash, they will sell to them.
Seriously. It's been an issue for over a year now...
Chas - The one, the only.
THANK GOD!!!
Why can't they put a hardware lock on GPU's which detects and prevents cryptocurrency mining, and separately sell a card which is solely used for mining?
Getting tired of seeing GPU's going for 2-4 times their original price. It must be putting a dent in the PC builder market.
I want to buy GPUs for Machine Learning, but they are too expensive. I wish there was ML hardware that did not have to support Crypto mining, but just Machine Learning.
I have setup one GPU inside a Linux container but I need more GPUs.
Seriously unless Iâ(TM)m missing something here , this post could be from a year ago. Whatâ(TM)s going on ?
New cards coming out, cryptocurrency prices plunging as difficulty soars ... No I don't want you complete rig AT ALL but if you part out the 1080s I'll give you 50% of MSRP.
GL
... very very low electricity rates because at this point most cryptocurrencies have reached the point where a GPU spends more money in energy than it generates currency. Either you must be that thick and unwilling to acknowledge this or you have enough solar power on the premises.
Bach says it all.
Seriously, dumbest thing ever, and worse, they hurt the environment. I wonder just how much energy has been wasted because of cryptocurrencies? I wonder how many people have had to pay larger electricity bills because of unscrupulous websites and games using their computers to mine, not to mention victims of malware? Stuff needs to be made illegal in its current form. If you're worried about climate change and carbon and all that then getting rid of cryptocurrencies is about the easiest and most effective change that could be made right now. They are all going to zero eventually since they are backed by literally nothing; just hope it happens sooner rather than later... damn tulips.
Bad news
It isn't bitcoin miners, it's altcoin miners.
You would be a fool to mine bitcoin with GPU's these day unless you just like to spend a ton of money for little return on investment.
I thought dedicated bitcoin mining cards were a thing now, and that gaming GPUs would soon be easily available again... especially when miners start selling off all their used GPUs. https://bitcoinmagazine.com/ar...
I've abandoned my search for truth; now I'm just looking for some useful delusions.
only because the retailers are charging a fortune for them. I suppose there is a limit to what the miners are willing to pay for them.
Nvidia 1080s are plentiful at the Fry's I was at earlier this evening. They have price tags of $1k each which is probably why they're sitting there on the shelf.
Story from last year maybe? This certainly isn't new.
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