So i can buy a 1080 for what i sell my 1070 for?

[MDXX]

I dont know whats going on here but a gigabyte 8gb 1080 is 500$ on newegg and people on ebay are selling used 1070's for 500 or a tad less. Is this to good to be true, if not i might have to hop on board and upgrade

 

[MCMunroe]

Bitcoin miners bought up all the supply of the 1070s.

 

[velocityg4]

It's not too good to be true. Cryptocurrency miners (mostly Ethereum but also Zcash) have been buying the mid range GPUs like crazy. Buying out all the stock and driving prices through the roof. Due to memory design. The GTX 1070 is better for mining than the GTX 1080.

Cash out while you can. This won't last. Just a short while ago you could practically have sold a Radeon Rx 470, 480, 570 or 580 and bought a GeForce GTX 1080. As Ethereum prices have started dropping and work difficulty has increased, a lot. Interest has started to wane.

Edit:
Looking at SOLD auctions on eBay. They are going for about $425 used on average including shipping. After eBay Fees (10%), Paypal Fees (2.9%) and Shipping fees ($10 to $20). I would expect you to net around $355 plus or minus $30. It's still decent considering what a GTX 1070 went for a couple months ago. But not as compelling as it looks on the surface.

 

[MDXX]

It's not too good to be true. Cryptocurrency miners (mostly Ethereum but also Zcash) have been buying the mid range GPUs like crazy. Buying out all the stock and driving prices through the roof. Due to memory design. The GTX 1070 is better for mining than the GTX 1080.

Cash out while you can. This won't last. Just a short while ago you could practically have sold a Radeon Rx 470, 480, 570 or 580 and bought a GeForce GTX 1080. As Ethereum prices have started dropping and work difficulty has increased, a lot. Interest has started to wane.

Edit:
Looking at SOLD auctions on eBay. They are going for about $425 used on average including shipping. After eBay Fees (10%), Paypal Fees (2.9%) and Shipping fees ($10 to $20). I would expect you to net around $355 plus or minus $30. It's still decent considering what a GTX 1070 went for a couple months ago. But not as compelling as it looks on the surface.

Now that you put it that way you gotta point. I think ill hold onto this until i hear more about Volta, curious on this