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GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency

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rjohnson11
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2017/06/23 09:42:21 (permalink)
http://www.tomshardware.com/news/gpu-prices-increase-ethereum-cryptocurrency,34865.html
 
Just as certain AMD cards are selling like hotcakes for Cryptomining so is the GTX 1070 video cards that were selling for just over 300 dollars a few weeks ago are now selling for 500 dollars or more.

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    Cool GTX
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/23 13:28:33 (permalink)
    supply & demand
     
     

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    #2
    Sajin
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/23 13:33:08 (permalink)
    You can still buy a 1070 FE on nvidias site for $399.
    #3
    rjohnson11
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/23 23:54:06 (permalink)
    Sajin
    You can still buy a 1070 FE on nvidias site for $399.


    ...until the Cryptominers find out....

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    #4
    Sajin
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/23 23:59:09 (permalink)
    rjohnson11
    Sajin
    You can still buy a 1070 FE on nvidias site for $399.


    ...until the Cryptominers find out....


    lol. They are still in stock. 
    #5
    XrayMan
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 00:04:33 (permalink)
    Cool GTX
    supply & demand
     
     




     +1

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    lehpron
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 14:42:26 (permalink)
    nVidia MSRP is still constant, isn't it, so only retailers are raising prices?

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    Alpha Dog SLI
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 14:49:39 (permalink)
    I got my 1070s at the right time.

     
     
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    BrandonS
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 14:55:55 (permalink)
    MSRP doesn't change, and most retailers are probably still selling for the suggested price. Most of the high prices you see on sites like Amazon and Newegg are marketplace sellers, who are not constrained on the price. 
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    bcavnaugh
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 14:58:23 (permalink)
    EVGATech_BrandonS
    MSRP doesn't change, and most retailers are probably still selling for the suggested price. Most of the high prices you see on sites like Amazon and Newegg are marketplace sellers, who are not constrained on the price. 




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    QuintLeo
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 17:19:24 (permalink)
    Not true for Newegg, their own "native" prices have been climbing - though not AS much as some of the marketplace sites.
     
     Problem is that NewEgg is spending a LOT of time almost complete out of ANYTHING in a GTX 1070 the last week or so - it's getting almost as bad as the high-end RX series.
     
    I've also noticed that GTX 1060 prices are starting to climb, and availability starting to drop.
     

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    #11
    huf757
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 18:34:23 (permalink)
    used ones are all over EBAY for around 400. If they go to $600 before my step-up number is called I'll sell it then buy the 1080ti.
    https://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=evga+gtx+1070&_sop=1
    At the microcenter near me they have went up significantly.
    http://www.microcenter.com/search/search_results.aspx?Ntt=gtx+1070
     
    post edited by huf757 - 2017/06/24 18:40:36

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    quadlatte
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 20:27:33 (permalink)
    huf757
    used ones are all over EBAY for around 400. If they go to $600 before my step-up number is called I'll sell it then buy the 1080ti.
    https://www.ebay.com/sch/i.html?_from=R40&_sacat=0&_nkw=evga+gtx+1070&_sop=1
    At the microcenter near me they have went up significantly.
    http://www.microcenter.com/search/search_results.aspx?Ntt=gtx+1070
     


    i would say so. 3 @ $10,000.00 each  EVGA web store it's $439.00

    post edited by quadlatte - 2017/06/24 20:29:59

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    #13
    quadlatte
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/24 20:32:57 (permalink)
    and what is the point with all this "mining" you speed thousands in hardware and electric for what? to make a few bucks in some virtual money. silly if you ask me.

                                   
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    Miguell
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/25 02:17:50 (permalink)
    quadlatte
    and what is the point with all this "mining" you speed thousands in hardware and electric for what? to make a few bucks in some virtual money. silly if you ask me.




    indeed! they will never be rich and besides spending thousands in their rigs running 24/7 they will only increases the electric bill...   
    this crap digital currency thingy will only increase gfx cards prices in a time they where slowly decreasing...  

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    huf757
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/25 06:39:12 (permalink)
    Miguell
    quadlatte
    and what is the point with all this "mining" you speed thousands in hardware and electric for what? to make a few bucks in some virtual money. silly if you ask me.




    indeed! they will never be rich and besides spending thousands in their rigs running 24/7 they will only increases the electric bill...   
    this crap digital currency thingy will only increase gfx cards prices in a time they where slowly decreasing...  


    I agree, I have seen several videos on you tube with miners spending 10k or more. Showing off their rig, then you see the surrounding house and what it looks like.  I'm thinking your spending your money on the wrong thing buddy.
    post edited by huf757 - 2017/06/25 06:43:37

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    #16
    Bruno747
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/25 08:03:06 (permalink)
    quadlatte
    and what is the point with all this "mining" you speed thousands in hardware and electric for what? to make a few bucks in some virtual money. silly if you ask me.


    Not silly if you played it right. I'm about to buy a mess of acerage with my bitcoins I mined several years ago when it was fairly new. Get in on the ground floor and these currencies whether stupid or not can make you a lot of money.

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    QuintLeo
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    Re: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency 2017/06/25 16:46:42 (permalink)
    quadlatte
    and what is the point with all this "mining" you speed thousands in hardware and electric for what? to make a few bucks in some virtual money. silly if you ask me.




     In my case, most of my current folding hardware and ALL of my current BOINC hardware was paid for by cryptocoin mining, plus cryptocoin mining has been my entire income for about a year now AND it paid a large chunk of my "Iowa to Washington State" moving costs last summer.
     It's NOT a "few bucks" in most cases, it's "a  few bucks per day PER CARD" at profitability levels of the last 3 months or so if using any of the cards that are the most popular for mining, and even 7-8 months ago when profitability was at it's lowest point for many cryptocoins in about 2 years it was tens of bucks per card per month for those same cards.
     
     At least a few folks HAVE gotten rich out of cryptocoin mining - but most of them were very early adopters, or had a fair chunk of money already to throw into it, or were able to get "backing" of some sort early on.
     

    Now that vorsholk has stopped his abuse, I'm returning to folding.
     I no longer MOO due to abuses by certain "whales" in the Gridcoin community - so I now work the Distributed.net project directly again.
     
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