GPU prices more than double as cryptocurrency craze accelerates

[Pemalite]

Hynad said:

mysteryman said:

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. 

Basic economy 101. 

The other issue is that... AMD and nVidia didn't wish to increase production to meet demand... Just in-case demand dropped and we had an overabundance of parts.