GPU prices more than double as cryptocurrency craze accelerates

[mysteryman]

CrazyGamer2017 said:

caffeinade said:

GPUs were used to mine crypto.
GPUs were like a pickaxe of something.

The pricing issues have more or less been resolved.

That still makes no sense.

Keyboards are used to mine bitcoins, office spaces are used to mine bitcoins, computer screens are used to mine bitcoins...

But you don't see those skyrocketing BECAUSE of bitcoins.

How is the way you use your GPU's even remotely connected to the actual price of the hardware? What people does with the hardware they buy is their business, how is it that from that specific use of GPU's, GPU's manufacturers are like: Oh we heard that you guys are not playing video games with your GPU's, you are mining bitcoins so for no reason LET'S RISE PRICES!

Because instead of buying 1 GPU (or 2-4 for a few crazy enthusiasts), miners were buying 16+ at a time. Supply dropped and demand rose. 

 

its nice to see some relief locally. The prices haven’t bottomed out just yet, but the secondhand market is being flooded with ex-mining GPUs.