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GPU prices go boom

DazQ87 said:
The current pricing is pretty crazy on GPUs, I blame mining and lack of competition. Memory is also expensive but I can see that dropping back at some point, we saw the same thing happen with DDR3, and DDR2 before that.
CPUs on the other hand are actually at a point again where decent competition has lead to advancements in terms of performance/£. Wish the same could be said for GPUs.

I can't believe that the liquid vega 64 I bought on launch day for £640 actually looks like I got a bargain 5 months down the line, every other time I bought a GPU on launch the prices have usually dropped by a fair bit 6 months after launch! Who in their right mind would actually pay £800 for a Vega64!

Now is defiantly not a time where PC gaming has been considered cheap, I've been building PCs for gaming for the better part of 16 years now, and it's always been somewhat cyclical, give it two years for production to catch up (or less if mining turns out to be a bust) and PC gaming will be looking like good value again (especially so as the consoles will be older as well).
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The thing is had you put that Vega to work mining you would have recovered your £640 in 2-3 months and would now be making a tidy profit (about £800 in 3 months). That is why prices have gone crazy because mining no matter what graphics card is profitable. You can EXPECT to recover your investment within 3 months for most if not all graphics cards.
 
Bonjour said:
I've started mining with my Vega64, but I'm unlikely to see more than £200 a month. More like £100.
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Depends what the prices to.

People seem to be hooked on the £ per month rather than the actual quantity of the coin they are making.

One of the reasons I never stopped after the bubble 'burst' around 2013/2014
 
JamesM said:
Depends what the prices to.

People seem to be hooked on the £ per month rather than the actual quantity of the coin they are making.

One of the reasons I never stopped after the bubble 'burst' around 2013/2014
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Completely agree.

I kept trading after 2014 and got 2 new rigs in December.

I haven’t sold/traded a single coin I have mined and don’t intend to until one of them hopefully rockets.
 
EdButler said:
From someone who started PC gaming in 94, when a half decent pc cost 3 grand in today's money and was completely out of date within 2 years, I still think it's a bit of a bargain these days!
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Same here MAte. People talking Expensive ?? They know **** all. Remember 15 inch CRT monitors at like 400 for CHEAPEST ??? Or 100MB Hard Drive like 300 . **** people complaining about ram prices ?? For my AMIGA 500 512kb of memory was 50 when WHOLE amiga was 120 :D

**** is like free now compared to 15 years ago !!!
 
Slam62 said:
Those with virtual fortunes better start thinking about how they are going to cash in, as the reputation of virtual currency goes lower it will end up being impossible to realise any profits , purely due to lack of traceability.

It's amazing how slow and stupid the international community is,
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Wait Woot ?? Last month I Paid my Gas electricity bills with mining and ordered nootropics. And do it every 3 months when bills come i just cash in what my PC mined while i was AFK. Its digging around 120 quid a month so pays bills :) Thing is I dont Mine just sell processing power and for normal rig its better option in my eyes.
 
Those saying "Oh I remember when I paid £1000's for a HDD, RAM or GPU back in the day" need to remember the market for PC parts was substantially smaller than it is today. The volume of sales were tiny back then, so prices were high.

Today the market is on entirely different scale. If prices continue to rise back to the prices of the past, then the market for PC parts will shrink and stagnate, it will force people financially into lower and lower performance/price parts or push them out altogether, which is not a good place to be.

It is a combination of greed and mining that's driving prices up now. Big companies just don't seem content with a fair profit, they just chase bigger and bigger numbers, selling a product as high as they can to have a bigger profit per item, rather than pricing lower to earn less profit, but getting their products in the hands of as many people as possible to enjoy
 
Zeed said:
Wait Woot ?? Last month I Paid my Gas electricity bills with mining and ordered nootropics. And do it every 3 months when bills come i just cash in what my PC mined while i was AFK. Its digging around 120 quid a month so pays bills :) Thing is I dont Mine just sell processing power and for normal rig its better option in my eyes.
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Could you link me to this. You aren't actually mining directly you say but just selling your PC processing power to be used for mining?

ljt said:
It is a combination of greed and mining that's driving prices up now. Big companies just don't seem content with a fair profit, they just chase bigger and bigger numbers, selling a product as high as they can to have a bigger profit per item, rather than pricing lower to earn less profit, but getting their products in the hands of as many people as possible to enjoy
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That's big business I guess. You are right though, when a One X costs the same as my graphics card alone I begin to wonder why I continue to build PCs.
 
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Its like they are on a self destruct mission. I have a nice 4k tv and a 4k monitor. My 980Ti can play some games in 4k but honestly to replace it would cost £650-£700+ which is crazy. Xbox One X £400-£450+ 4k gaming, 4k Blu-ray and it looks good. The current pricing of mid to top range graphics cards, not to mention memory, my 16Gb DDR4 cost me £82 a year ago and is now £209.99, I think I may have built my last gaming Pc I'm sad to say. Will give it till summer and if prices are the same then I'm out.

Team Group Dark T-Force 16GB (2x8GB) DDR4 PC4-24000C16 3000MHz Dual Channel Kit - Grey (TDGED416G300
MY-089-TG
1
£69.16


£69.16 Ordered on 1/2/17, £82 inc. vat
 
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Assuming that prices stay inflated and the average consumer moves to consoles due to the cost savings, then there won't be anyone left to buy PC components if/when the Cryptocurrency fervour dies down. Surely it's a worrying situation with a potentially reduced customer base.
 
x-st said:
Assuming that prices stay inflated and the average consumer moves to consoles due to the cost savings, then there won't be anyone left to buy PC components if/when the Cryptocurrency fervour dies down. Surely it's a worrying situation with a potentially reduced customer base.
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Well you would hope that the market adjusts itself and graphics card manufacturers divide their product lines further.

Surely there are aspects of a graphics card that are specifically required for mining compared to gaming so cutting unnecessary "gaming" features would be more desirable.
 
x-st said:
Assuming that prices stay inflated and the average consumer moves to consoles due to the cost savings, then there won't be anyone left to buy PC components if/when the Cryptocurrency fervour dies down. Surely it's a worrying situation with a potentially reduced customer base.
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Big businesses don't seem to care about getting their product out to as many people as possible any more though. All they care about is pure profit. They'll just increase the price per item to offset the decline in volume instead.
 
TallPaul1878 said:
Well you would hope that the market adjusts itself and graphics card manufacturers divide their product lines further.

Surely there are aspects of a graphics card that are specifically required for mining compared to gaming so cutting unnecessary "gaming" features would be more desirable.
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Guess you missed mining 580s that no one buys as they are stropped down gaming cards almost same price but sellig them on is basically impossible.
 
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