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Cryptocurrency mining deflates, used GPUs hit eBay

By: Anthony Garreffa | Editorials in Video Cards | Posted: Jul 20, 2017 7:36 pm

Where Are All The $200 Graphics Cards?!

 

There's a massive problem looming for AMD right now, as they're just weeks away from launching their most important GPU architecture of all time: Vega. AMD has already released their professional-oriented Radeon Vega Frontier (in both air and liquid cooled forms), but Radeon RX Vega is where gamers will want to concentrate on.

 

cryptocurrency-mining-deflates-used-gpus-hit-ebay_23

 

Radeon RX Vega will be available in extremely limited numbers through to the holidays, with our world exclusive story stating there will be less than 16,000 units available for the few months post-launch. Why does this matter?

 

 

AMD hasn't been able to make enough Radeon RX 570/580s to meet Ethereum mining demand, which resulted in $800+ cards hitting Amazon and eBay. They're only just floating down to $400 now as we've just reported on the previous page, but will the lack of big numbers of RX 570/580 cards push RX Vega into the $1000+ territory for desperate miners? Probably not.

 

The mid-range market is more important than the high-end gaming market as many more units are sold in the sub-$200 market than the $600+ enthusiast market, especially in a world filled with crappy console ports and multi-platform games.

 

We need the Ethereum mining boom to bust, as it is right now with miners with less than 10-20 cards, and soon 20-30 cards won't be enough to get ROI. Once the RX 570/580 are back to sub $300, we'll be on a better footing - until then, hold off on buying anything AMD for now.

 

Remember that it's not just AMD, as NVIDIA has seen its GeForce GTX 1060 and even GTX 1070 supplies run dry. Things are improving for NVIDIA quicker than AMD as Team Green seems to have many more graphics cards available right now, and they haven't had their enthusiast range (GTX 1080, GTX 1080 11Gbps, GTX 1080 Ti) exhausted.

 

I think we'll see mid-range cards back in proper supply sometime next month, but only time will tell with the popularity of Ethereum mining. In my previous article, I compared the huge explosion in Ethereum mining popularity as something similar to Pokemon GO, where it was everywhere - and then it kinda just disappeared. It wasn't wiped away from the face of the planet, but it wasn't in your face - it took 6-8 weeks for that to happen.

 

Ethereum really burst onto the scene 6 weeks ago, and we're seeing the end of consumer mining now - we aren't too far away from a massive restocking of mid-range cards thankfully.

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