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GPU prices go boom

Quartz said:
It's gone back up. It's still $10K/coin.
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Seriously? It crashed from $20k to $6k..... if that's not a crash I don't know what is. Yes it's gone back up a bit but the major correction has happened. And GPU prices have not dropped, if anything I remember GPU prices were a fair bit better in December when BTC was at it's peak. So why anyone would be expecting another market crash and GPU prices to get better is beyond me.

However I do believe that current range of GPU's will drop in price quite a lot, simply because the new cards should be much better at mining per watt and the difficulty will rise massively so the old gen will become unprofitable and everyone will be flocking to the new range. A bit like when a new ASIC is released. So yes I do believe 1080ti's will be going for £399 in the not too distant future.

So to put it simply, the price of GPU's won't be dictated by the price of cryptos..... it will be determined by the difficulty increases with more efficient mining GPUs. Bitcoin might or might not be the future digital currency but blockchain tech isn't going anywhere, you can see that by the massive interest governments and business have in the technology. Bare in mind no one mines bitcoin with a GPU, they're mining ASIC resistant ETH or other altcoins. No one knows exactly what's going to happen but the idea that cryptos are going to suddenly disappear and everything will back to how it was is deluded... IMO of course!
 
A brand new 1080ti will never retail at £399, they go EOL and retailers seem to keep a few back for whatever reason but they always stay full price. Even second hand a 1080ti won't be £399 for a good while yet.

People sitting on their hands waiting for cheap GPUs, either new or used, are going to have a long wait. Just buy what you can afford when you actually need it, playing the shall I /Shan't I game is a waste of time.
 
Yeah sorry I meant second hand. I reckon the 2070 will come out at £499rrp so about £100 more than the 1070 on release. Obviously gonna be hard to get them at rrp but would be surprised if ocuk don't have a limited preorder amount for gamers at rrp. Assuming NVidia don't gimp it for mining, which they may, it should knock quite a bit off the price of the price of a 1080ti.

980ti's aren't exactly great mining cards any more, can see the 1080ti going the same way in the next few months.
 
Telecaster said:
A brand new 1080ti will never retail at £399, they go EOL and retailers seem to keep a few back for whatever reason but they always stay full price. Even second hand a 1080ti won't be £399 for a good while yet.
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Just shows how much has changed in a single generation.

980Ti EOL pricing was £300 on some cards (PNY)

https://forums.overclockers.co.uk/t...n-gtx-980-gtx-980ti-super-48hr-sale.18748706/

This gen the 1080Ti will not even get close to £400, and EOL pricing won't even be a thing. As you I think they'll hold their price right until the channel stock dries up completely. Or even go up in price.
 
ugly ferret said:
Seriously? It crashed from $20k to $6k..... if that's not a crash I don't know what is. Yes it's gone back up a bit but the major correction has happened. And GPU prices have not dropped, if anything I remember GPU prices were a fair bit better in December when BTC was at it's peak. So why anyone would be expecting another market crash and GPU prices to get better is beyond me.

However I do believe that current range of GPU's will drop in price quite a lot, simply because the new cards should be much better at mining per watt and the difficulty will rise massively so the old gen will become unprofitable and everyone will be flocking to the new range. A bit like when a new ASIC is released. So yes I do believe 1080ti's will be going for £399 in the not too distant future.

So to put it simply, the price of GPU's won't be dictated by the price of cryptos..... it will be determined by the difficulty increases with more efficient mining GPUs. Bitcoin might or might not be the future digital currency but blockchain tech isn't going anywhere, you can see that by the massive interest governments and business have in the technology. Bare in mind no one mines bitcoin with a GPU, they're mining ASIC resistant ETH or other altcoins. No one knows exactly what's going to happen but the idea that cryptos are going to suddenly disappear and everything will back to how it was is deluded... IMO of course!
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I think the reason GPU prices haven't changed with bitcoin is because you can't really mine it with a GPU effectively. When I last looked, the other smaller coins, which could be mined effectively, were still pretty high.
 
This is going to be interesting when AMD/nvidia release their next GPU, the RRP is going to be just embarrassing for them. And its not either of their fault. Have you ever sold a house at a profit? If so you are solely responsible for the housing price bubble ;) It's human nature. Based on my total understanding of how economics works from the 80s film Wall Street, money is a zero sum game..
 
MrRockliffe said:
I think the reason GPU prices haven't changed with bitcoin is because you can't really mine it with a GPU effectively. When I last looked, the other smaller coins, which could be mined effectively, were still pretty high.
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I did mention that no one mines bitcoin. You are wrong though, most of the altcoins have lost more than bitcoin so most of them aren't viable at all and mining is restricted to a few alts and profitability isn't great. Most people are mining ETH, ZCL or leasing to nicehash and the difficulty keeps inceasing.... and ETH is moving to proof of stake soon so no more mining ETH soon, ZCL is probably going to collapse in price after it's pump due to bitcoin private fork.

So the mining outlook is pretty bleak at the moment, still high prices though. Think prices will come down a bit in the next few months for the old range, if the new ones haven't been gimped for mining then they will most likely stay high. As I said, very few people mine on a 980ti and believe the same will happen to a 1080ti soon. Could be wrong tho!
 
ugly ferret said:
I did mention that no one mines bitcoin. You are wrong though, most of the altcoins have lost more than bitcoin so most of them aren't viable at all and mining is restricted to a few alts and profitability isn't great. Most people are mining ETH, ZCL or leasing to nicehash and the difficulty.... and ETH is moving to proof of stake soon so no more mining ETH soon, ZCL is probably going to collapse in price after it's pump due to bitcoin private fork.

So the mining outlook is pretty bleak at the moment, still high prices though. Think prices will come down a bit in the next few months for the old range, if the new ones haven't been gimped for mining then they will most likely stay high. As I said, very few people mine on a 980ti and believe the same will happen to a 1080ti soon. Could be wrong tho!
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I think now is the time to sell up then! I'll probably shift my 1070 at a little less than what everyone else is selling for, just to get it shifted quickly, but that'll still be a large amount over the £270 I paid for it a year ago. I've probably spent a total of 50 hours gaming on it too.
 
MrRockliffe said:
I think now is the time to sell up then! I'll probably shift my 1070 at a little less than what everyone else is selling for, just to get it shifted quickly, but that'll still be a large amount over the £270 I paid for it a year ago. I've probably spent a total of 50 hours gaming on it too.
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100% agree, the only reason I haven't sold mine is because I'm mining a speculative ICO that if it holds the ICO price when it hits the exchange, will work out to about £7 per day/£200 per month off my single 1070 which is about triple what I'd get mining ETH.

Much as I like to accumulate ETH, £2 per day isn't great when I could just buy almost a whole ether if I sold my 1070 at current gpu prices! Again this is why I think prices will drop, ETH difficulty isn't exactly going to go down is it?
 
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ugly ferret said:
100% agree, the only reason I haven't sold mine is because I'm mining a speculative ICO that if it holds the ICO price when it hits the exchange, will work out to about £7 per day/£200 per month off my single 1070 which is about triple what I'd get mining ETH.

Much as I like to accumulate ETH, £2 per day isn't great when I could just buy almost a whole ether if I sold my 1070 at current gpu prices! Again this is why I think prices will drop, ETH difficulty isn't exactly going to go down is it?
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It won't drop straight away as gamers will keep demand high once miners begin selling up
 
What I don't understand is why Nvidia/ATI are not rushing to try and take advantage of the mining craze. Why have either of them not released a card that is better for compute/low memory latency tasks,with high efficiency per watt. It wouldn't have to be gtx 1070/rx 580 power - as long as its profitable per watt then miners would love it.
 
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