WTF is up with GPU prices!?

[Atreyo Bhattacharjee]

I've been looking to building a PC since the beginning of the summer, but I am confused on why the hell an RX 580 costs 750 dollars and a 1070 costs 500 dollars?! Why are the prices so damn high? Will they comedown, and if so, how soon?

 

[USAFRet]

Skyrocketing prices for Ethereum coin mining.
Many people are trying to mine at home, hence GPU prices also skyrocketing.

https://www.nytimes.com/2017/06/19/business/dealbook/ethereum-bitcoin-digital-currency.html

 

[getochkn]

New GPU based coin mining out so the miner's are buying them in droves, AMD more specifically as it's always been a better GPU hash miner, but regardless, if there are no AMD's in stock, NVidia has a decent price/mining at the moment. It will probably fade.

 

[USAFRet]

And this is why there is a shortage of good GPU's.

 

[Atreyo Bhattacharjee]

When do you think prices will come down? Do you thinks it will be possible to get a good GPU (GTX1070, RX580, etc) for near its MSRP before the end of summer?

 

[Kunra Zether]

Wow yea it took me forever but here is one.

https://www.bhphotovideo.com/c/product/1299429-REG/evga_08g_p4_6178_kr_gtx_1070_hybrid_gaming.html

 

[Kunra Zether]

It's like $450 but it's at its retail and it's liquid cooled so you won't feel jipped if you get it crazy that I bought my Asus strix forcibly $382 back in February ugh this is price gouging at its worse are they not upheld by any regulations I mean it's like newegg is eBay and they bought all the tickle me Elmo's on black Friday lol

 

[Sedivy]

Try local stores instead of places like amazon and newegg. I found even local stores were susceptible to this price increase but certain models could still be obtained for the prices listed 2 months ago. Like here in canada, gigabyte windforce is still 550 cad which is like 415 usd (http://www.canadacomputers.com/search_results.php?keywords=1070&cat=Video%20Cards&sort=3a). I'm not saying you buy from this particular store, taxes and shipping would probably make it not worth it, or this particular model, just suggesting you visit brick/mortar electronics store in your area as they may be slower to implement price bumps, and be open to different 1070 models instead of dead set on a particular one.