Nvidia speaks out against rising price of GPUs due to cryptocurrency

http://www.digitaltrends.com/computi...s-card-prices/

I've been trying to buy for example EVGA GeForce GTX 1060 SC GAMING, 06G-P4-6163-KR, 6GB GDDR5, ACX 2.0 (Single Fan). EVGA sells it on their web site for $349 but not available. In fact none of their 1060's are available.

Graphics card prices are going through the roof.

Manufacturers should change their goals but I think with their current manpower that'll be hard.

essenbe said:

EVGA is still, last I heard, releasing cards on their website but they usually sell out in just a few minutes.

Hi,
Getting a gpu from evga's website has always been tough
This shortage is nothing new
They usually do it to keep prices high they love the bitcoin ordeal :)

In reading some articles including the OP's linked one I see it has nothing to do with Bitcoin or similar cryptocurrency mining any longer, for that has been solved because a "specialized application-specific integrated chip (ASIC) mining hardware" solved it. There's a new kid in town called Ether cryptocurrency in which that fix no longer suffices. So now the bad-guy miners once again are creating shortages, for they again need the computing power of GPUs to do so via Ethereum. Therefore, higher demand in a free enterprise system drives up prices.

This is due to manufactures and retailers taking advantage of the shortage, for a product is worth what someone is willing to pay for it. When they see this flow of shortage (stock in time sold) they raise prices for the goal of more profit. This entails all products and companies up the line to create that end product.

That's not just what companies do, they need to do it to answer to investors. It's been this way ever since Eve handed Adam the commodity of the fruit.

Mining

Cryptocurrency mining includes two functions, namely: adding transactions to the blockchain (securing and verifying) and also releasing new currency. Individual blocks added by miners should contain a proof-of-work, or PoW.

Mining needs a computer and a special program, which helps miners compete with their peers in solving complicated mathematical problems. This would need huge computer resources. In regular intervals, miners would attempt to solve a block having the transaction data using cryptographic hash functions.

Cryptocurrency Mining: What It Is, How It Works And Who's Making Money Off It | Benzinga

Steve, call it what you may, but it's clearly not the same type of mining is what I referenced. It's a completely a different cryptocurrency and system. Neither seller or buyer see each other. Nonetheless, it created the shortage of GPUs.

To say AIBs don't take advantage of shortage is bogus IMO. To say the increase is "most likely because of the increase in dram prices" is a guess at that. Even at $40/per > Take that times the millions they manufacture sums up to a lot of money. I'll agree that the middlemen are the bigger hijackers, though.