Caporegime
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GPU prices go boom
- Thread starter RavenXXX2
- Start date
I'm in a pretty crappy situation at the moment.I RMAd my 8 gig sapphire nitro rx480 which has been rejected.
So looks like I will need to get a new card.
To complicate matters I got a freesync monitor on black Friday so would have preferred a AMD card.
But a 580 which isn't that much of a upgrade will cost double the price I paid for my 480. Thats if I was lucky enough to be able to get hold of one. And vega prices are ridiculous.
If im going to spend that much money it would be more logical to get a 1080ti. But I will be paying more than my m8 paid for 2 1080TIs 12 months ago to receive one.
Its bad enough there are such shortages due to the mining cnuts but the retailers inflating prices are a disgrace.
I RMAd my 8 gig sapphire nitro rx480 which has been rejected.
So looks like I will need to get a new card.
To complicate matters I got a freesync monitor on black Friday so would have preferred a AMD card.
But a 580 which isn't that much of a upgrade will cost double the price I paid for my 480. Thats if I was lucky enough to be able to get hold of one. And vega prices are ridiculous.
If im going to spend that much money it would be more logical to get a 1080ti. But I will be paying more than my m8 paid for 2 1080TIs 12 months ago to receive one.
Its bad enough there are such shortages due to the mining cnuts but the retailers inflating prices are a disgrace.
Out of interest why did you have to RMA it? Damaged?
Intermittent black screen/freezing issue.
Used it for over a year and never had a issue then it started happening pretty frequent.
But they cant seem to reproduce it during testing, although they have been good enough to have another look at it for me.
Soldato
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- 11 Oct 2007
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It's an interesting situation at the moment. Started mining myself just before christmas, got a few really nice 580s but then the price started to go up and I'm like "Nope".
Pretty much every card is going to miners which is increasing the block difficulty of just about every coin which is radically lowering profit. On top of that you have £250 gfx cards now priced at £500. Together this is destroyed ROI, I'm not sure why people are still buying, especially in this market slump.
Looking at current prices nicehash is pretty much saying it's a year just to pay off a V56 without taking into consideration the cost of the rest of the mining rig. If you then add rising block difficulty, god knows how long ROI will take. This isn't even taking rising electricity costs into account and mining is a big reason why the prices are going up and will continue to go up with more and more cards going to mining. I'm guessing it all comes down to people taking a gamble on crypto prices going up again in the future, which I can see them doing but not all coins, the market is filled with trash coins with more added every month.
I do wonder if the likes of AMD are actually seeing any of these extra profits, I'd hope they are but I really think that the bulk of the fleecing is coming from suppliers and retailers. Anyone know about that?
I'll probably buy more cards at some point but I'll be waiting until next gen appear and retailers are more closely held to MSRP. This will probably actually lead to greater profit sooner as you will end up with faster hardware with higher hash rates at launch prices, effectively erasing the "profit" of cards bought now at double the RRP.
Pretty much every card is going to miners which is increasing the block difficulty of just about every coin which is radically lowering profit. On top of that you have £250 gfx cards now priced at £500. Together this is destroyed ROI, I'm not sure why people are still buying, especially in this market slump.
Looking at current prices nicehash is pretty much saying it's a year just to pay off a V56 without taking into consideration the cost of the rest of the mining rig. If you then add rising block difficulty, god knows how long ROI will take. This isn't even taking rising electricity costs into account and mining is a big reason why the prices are going up and will continue to go up with more and more cards going to mining. I'm guessing it all comes down to people taking a gamble on crypto prices going up again in the future, which I can see them doing but not all coins, the market is filled with trash coins with more added every month.
I do wonder if the likes of AMD are actually seeing any of these extra profits, I'd hope they are but I really think that the bulk of the fleecing is coming from suppliers and retailers. Anyone know about that?
I'll probably buy more cards at some point but I'll be waiting until next gen appear and retailers are more closely held to MSRP. This will probably actually lead to greater profit sooner as you will end up with faster hardware with higher hash rates at launch prices, effectively erasing the "profit" of cards bought now at double the RRP.
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Profit has dropped about 20-25%.
Is this the bubble bursting or a bit of correction on a market worth 3-400 billion.
ROI has got a bit longer but "destroyed", no.
Is this the bubble bursting or a bit of correction on a market worth 3-400 billion.
ROI has got a bit longer but "destroyed", no.
Soldato
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Oh and expect AMD CPU prices to also rise, they are so good at Cryptonight (monero/electroneum/graft coin etc) algorithms that they rival gfx card performance. 75h/s per core or 65h/s per core running 2 threads @ 3.9ghz.
Soldato
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Meant to type "destroying"
Just checked OCUK, and a couple of other places today and prices are still on the up.. £1k for a vega 56, NVidia cards up also far a slightly smaller amount. I bought a vega56 for a friends build for, iirc, £380 or so, and I was going to buy another a week later for my own machine when I finished his build - And even a week after release you couldn't get them anywhere near that price.
Keeping an eye out on the MM but everything descent sells almost instantly.. It's really interesting how absolutely annoying, to the point of anger, it has made me not being able to get a card for anywhere close to RRP, First it was a wait for custom cards from AMD, as I prefer AMD, but then I realised that was a waste of time I looked around for NVidia and they were on the increase too. It's got to be hurting the hardware industry as a whole now as more and more people put off building a new machine because of the insane cost of one component, well 2 if you add DDR4 memory.. Really sucks to be a PC gamer at the moment.
The last thing any of the vendors need is a crash, just a gradual deflation to back to RRP would be ideal but it rarely goes like that.
Keeping an eye out on the MM but everything descent sells almost instantly.. It's really interesting how absolutely annoying, to the point of anger, it has made me not being able to get a card for anywhere close to RRP, First it was a wait for custom cards from AMD, as I prefer AMD, but then I realised that was a waste of time I looked around for NVidia and they were on the increase too. It's got to be hurting the hardware industry as a whole now as more and more people put off building a new machine because of the insane cost of one component, well 2 if you add DDR4 memory.. Really sucks to be a PC gamer at the moment.
The last thing any of the vendors need is a crash, just a gradual deflation to back to RRP would be ideal but it rarely goes like that.
Soldato
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The 1080 is pretty bad at mining because of its gddr5x, miners tend to avoid them.
It's a total farce now, you can actually sell a used Vega 64 for enough money to buy more Crypto than that card would have produced in 8 months, and still people are buying the cards lol.
Don't worry I fixed it for you
Don't worry I fixed it for you
Last edited:
Soldato
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Not just ETH, anything that uses that algo, as you say. It's also not great at cryptonight with a much higher ROI, pretty much any algoritham that is memory sensative. Even at £500 the 580 has a better ROI than the 1080. Correct me if I'm wrong and I may be but at cryptonight the 1080 gets around 600h/s?
It's a total farce now, you can actually sell a used Vega 64 for enough money to buy more Crypto than that card would have produced in 8 months, and still people are buying the cards lol.
Don't worry I fixed it for you
Soldato
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Those are one of the worst problems to get I could probably plug your card into my PC and it will work fine. Might be worth while searching google for compatibility issues between your video card, motherboard and or PSU. You could also try downclocking (downclockers.co.uk
) it and see if it fixes the issue.
I don't see where this 'here comes the sell up' is coming from. The market is correcting, but its still very profitable and has move ROI from a short period to a 'normal' period. There will not be a flood of GPUs to the market, don't get your hopes up.
It's a total farce now, you can actually sell a used Vega 64 for enough money to buy more Crypto than that card would have produced in 8 months, and still people are buying the cards lol.
Don't worry I fixed it for you
Not sure how you have come to that lol. ROI on a Vega 64 at $1000 is about 4-5 months.... in this corrected market....
Those are one of the worst problems to get I could probably plug your card into my PC and it will work fine. Might be worth while searching google for compatibility issues between your video card, motherboard and or PSU. You could also try downclocking (downclockers.co.uk
After seeing another post on here with the same issue I did some googling and found rx480 black screen issues are really common, plenty of videos of it on youtube and posts around the net with no definitive fix. I Forwarded this onto support who said said they still couldn't replicate the fault and to them the videos looked like a driver issue. Suggested using DDU which I had already tried along with a format, in fact I formatted 2 of the machines I tested it on.
I will wait for it to come back and give it another go, although I have found a local shop with a couple of 1080ti FTW3s for £900. Kind of tempted to go pick one up in the morning so I don't miss out.