AMD R9 290X Hits $900 On Newegg. Thanks *coin

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Thanks to the recent coin mining craze, retail price gouging is running amok. Just how bad is it? Radeon R9 290X cards recently hit $900 on Newegg. :eek: While things have calmed down a bit since then, NewEgg is still charging a hefty $150 over MSRP.

As a commenter has pointed out below, suddenly, as if by magic, Newegg has lowered prices on the currently in stock R9 290X cards by $200. That means you can currently find them for $699 - only $150 over the expected MSRP. Does that change anything about what we said above or in the video? Not really. It only lowers the severity. I am curious to know if this was done by Newegg voluntarily due to pressure from news stories such as these, lack of sales at $899 or with some nudging from AMD.
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I was thinking of switching out my 6870s for a R290 (or R290x) this year. But I'll either go Nvidia or just wait another year, these prices suck.
 
This bitcoin thing will eventually diminish, and you'll find a lot of graphic cards for sale on Ebay.
 
Buying a card used for mining will be like buying a used rental car. You will have no idea how hard the cards were pushed and how much time was taken off the life of the card from operating 24/7 under non-optimal enviornmental and overclocking conditions. Buy at your own risk
 
hehe. The update for the article states newegg lowered the price to $699...

and guess, what? now they're all OOS.

So $800-$900 may not be far off to balance supply & demand.
 
Bitcoin needs to die before someone gets seriously screwed.

Oh, and fuck NewEgg.
 
TechLarry said:
Bitcoin needs to die before someone gets seriously screwed.
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It's going to take a lot of people getting seriously screwed, though, doing that isn't in the best interest of thieves and hackers trying to steal bitcoins. Why steal something if doing so devalues the thing you're stealing so much that it is practically worthless? I think the most effective deterrent would be the federal government stating that all these bitcoin transactions should be regulated by securities laws and start going after a few folks.

TechLarry said:
Oh, and fuck NewEgg.
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Generally, yes. I'd like to upgrade my video card, but I need to upgrade my processor, mobo, and ram first. Newegg is, unfortunately, just responding to the market and making money where they can get it.
 
Wow......

I bought two reference MSI models when they were released......for MSRP.

They are now watercooled.

I'm thinkin', this could be the first time I've considered selling a GPU for profit.

I like the 290Xs, but if I could get $700 used, yikes.:eek: I don't mine for coins, all I do is use the GPUs for their intention of gaming.:D
 
Yup, as long as people buy them they'll stay up there, or higher if coins value goes up and people either cash out or buy in.

IMO, AMD underpriced their cards too low compared to nvidia and now sellers are cashing in on the difference.
 
I'm hoping to see the demand for mining cards go down based on the temperature warming up this summer. Scrypt asics will help too.
 
magoo said:
Wow......

I bought two reference MSI models when they were released......for MSRP.

They are now watercooled.

I'm thinkin', this could be the first time I've considered selling a GPU for profit.

I like the 290Xs, but if I could get $700 used, yikes.:eek: I don't mine for coins, all I do is use the GPUs for their intention of gaming.:D
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Just mine with them.

At today's numbers, you're looking at 0.5 LTC a day, which is about $8. ~$240/month minus electricity, which will really be a wash with your heating bill assuming you live in the northern hemisphere right now.
 
Ashbringer said:
This bitcoin thing will eventually diminish, and you'll find a lot of graphic cards for sale on Ebay.
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There's almost no reason to sell your cards on Ebay when this happens. Just throw them in the closest, and wait for it to happen again. Scrypt ASICs probably won't make current GPUs completely obsolete for another 1-2 years.
 
Steve said:
Thanks to the recent coin mining craze, retail price gouging is running amok. Just how bad is it? Radeon R9 290X cards recently hit $900 on Newegg. :eek: While things have calmed down a bit since then, NewEgg is still charging a hefty $150 over MSRP.
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Steve, would asking for all R9 290(X) card reviews to be revised due to the pricing disparity be viable? Every single glowing review of these cards, reference or otherwise had a very big advantage over the nvidia alternative, and that was price. $399 and $549 MSRP while still officialy AMD's prices are just not a reality, and IMO this is a big enough factor to reflect on the reviews, and not just here but in every enthusiast site that has reviews these cards.
 
Don't know why Newegg is being singled out. Amazon's prices are also up in the same range.
 
-Sn1PeR- said:
I'm hoping to see the demand for mining cards go down based on the temperature warming up this summer. Scrypt asics will help too.
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ASICs will be what does it, none of what the others have suggested will have any impact.

Also, someone mentioned 'overclocking.' Most scrypt miners actually undervolt, and underclock. Hash-per-watt is the goal. Overclocked cards often hash worse, but always draw substantially more power making more heat in the process.
 
So I guess we can add price gouging to slow shipping and Draconian return policies. NewEgg sucks so bad in recent years.
 
Ashbringer said:
This bitcoin thing will eventually diminish, and you'll find a lot of graphic cards for sale on Ebay.
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I will wait to purchase new ones. I was going to sell my Titans for a pair of XFX-DD R9-290x's, but I will never purchase a used pair of R9's, because you just don't know how hard they have been pushed....
 
ravaii said:
Buying a card used for mining will be like buying a used rental car. You will have no idea how hard the cards were pushed and how much time was taken off the life of the card from operating 24/7 under non-optimal enviornmental and overclocking conditions. Buy at your own risk
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You nailed it. Not all of them are also tech savvy enough to understand how to care for and monitor the hardware as well. Whether you are mining or folding or Boinc'ing with you hardware, those activities put a load on the cards that gaming never will. Head to the distributed computing subforum to read about hardware blowing up under heavy stress. This cryptocurrency fad needs to go away so gamers stop getting screwed.
 
Wait,

I thought everyone was proclaiming the death of small at home bitcoin mining as recently as a year or two ago, as bitcoins had become increasingly difficult to mine, and the power costs didn't make them worth it for home users...
 
keep posting info on this all the tech sites need to put the screws to amd
 
J Macker said:
hehe. The update for the article states newegg lowered the price to $699...

and guess, what? now they're all OOS.

So $800-$900 may not be far off to balance supply & demand.
Click to expand...

pretty much, newegg used an automated system that increases prices based on how many people search the product, view it, wishlist it, and buy it. some times it goes nuts and increases it an insane amount then they have to go in and manually drop the price back to what they want it to be.


maxius said:
keep posting info on this all the tech sites need to put the screws to amd
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go ahead, it won't do anything. the price gouging has nothing to do with AMD and they have little to no say in it. hell if AMD was smart they'd increase the MSRP and start ripping off the e-tailers if they are going to continue ripping off the customers.
 
sirmonkey1985 said:
pretty much, newegg used an automated system that increases prices based on how many people search the product, view it, wishlist it, and buy it. some times it goes nuts and increases it an insane amount then they have to go in and manually drop the price back to what they want it to be.




go ahead, it won't do anything. the price gouging has nothing to do with AMD and they have little to no say in it. hell if AMD was smart they'd increase the MSRP and start ripping off the e-tailers if they are going to continue ripping off the customers.
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amd can simply put an end to this by saying "you sell card for our msrp or you get no future allotment of cards" period

truthfully amd can and should raise the price to within 50bux of its competition and strictly enforce it
 
Zarathustra[H];1040635513 said:
Wait,

I thought everyone was proclaiming the death of small at home bitcoin mining as recently as a year or two ago, as bitcoins had become increasingly difficult to mine, and the power costs didn't make them worth it for home users...
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There was a resurgence with litecoins and the like.
 
magoo said:
I like the 290Xs, but if I could get $700 used, yikes.:eek: I don't mine for coins, all I do is use the GPUs for their intention of gaming.:D
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Er their Purpose is rendering not gaming, that is just a secondary thing they can be used for.
 
You should really be blaming the crowd speculating on cryptocurrencies not the miners. They are the one keeping the prices high, thus creating the incentive to mine and even pay $700 for a $500 piece of hardware to be able to do so.

I'm certainly not going to pass up the ability to make plenty of extremely easy money using the knowledge I gained from years of hardware building and tweaking.

But you guys should just wait out the cc craze, it's not worth it to mine, really...: P
 
maxius said:
amd can simply put an end to this by saying "you sell card for our msrp or you get no future allotment of cards" period

truthfully amd can and should raise the price to within 50bux of its competition and strictly enforce it
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Why would AMD do that? They finally have a good gaming card, and outstanding mining card that's in high demand. They're loving every minute of it... When in the past do you remember a high-end card selling better than mid-range products, throughout the customer base, not just hard-core gamers??? The only thing we could be "upset" with AMD about, is not having the manufacturing capacity themselves to meet the demand...
At the end of the day, the mighty $ p0wnz all...:cool:
 
Zarathustra[H];1040635513 said:
Wait,

I thought everyone was proclaiming the death of small at home bitcoin mining as recently as a year or two ago, as bitcoins had become increasingly difficult to mine, and the power costs didn't make them worth it for home users...
Click to expand...

It is dead, you just have a bunch of latecomers to the party thinking they're going to become rich, rich as nazi's.
 
mzs_biteme said:
Why would AMD do that? They finally have a good gaming card, and outstanding mining card that's in high demand. They're loving every minute of it... When in the past do you remember a high-end card selling better than mid-range products, throughout the customer base, not just hard-core gamers??? The only thing we could be "upset" with AMD about, is not having the manufacturing capacity themselves to meet the demand...
At the end of the day, the mighty $ p0wnz all...:cool:
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Beacuse this is not their target audience. To remain relevant in the gaming arena they need gamers to buy their platform and establish brand loyalty. If their cards arent being used for their intended purpose, then guys like me go buy something else, and then they potentially lose a lifelong customer who would purchase many more cards in the future, over some stupid fad that will die out once it takes a football field length worth of cards to mine 1 coin.
 
ianken said:
Why? They have an in demand product. If people will pay a price they will pay a price.

AMD is not a charity.
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mzs_biteme said:
Why would AMD do that? They finally have a good gaming card, and outstanding mining card that's in high demand. They're loving every minute of it... When in the past do you remember a high-end card selling better than mid-range products, throughout the customer base, not just hard-core gamers??? The only thing we could be "upset" with AMD about, is not having the manufacturing capacity themselves to meet the demand...
At the end of the day, the mighty $ p0wnz all...:cool:
Click to expand...

AMD isnt setting the price, the retailers are....

now if AMD could get more stock out the door, then prices would possibly drop...
 
amdgamer said:
You nailed it. Not all of them are also tech savvy enough to understand how to care for and monitor the hardware as well. Whether you are mining or folding or Boinc'ing with you hardware, those activities put a load on the cards that gaming never will. Head to the distributed computing subforum to read about hardware blowing up under heavy stress. This cryptocurrency fad needs to go away so gamers stop getting screwed.
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What I did was ask for the original receipt for the graphics card, for warranty purposes. Also, they would have to be significantly cheaper then brand new. If anything, thoroughly test the cards before the time limit to return them expires.

There are ways to buy a used card without getting screwed.
 
Who the heck plays video games anymore? Playing crypto mining is so much more fun! The graphics are real life. The strategy is quite deep. Optimizing rigs for hash power and electricity usage requires a lot of trial and error. Choosing the right coin to mine to maximize profit requires a lot of thought. It's the ultimate "RTS"!

I mean really... GPUs for video games? That's like so last decade. Even Nvidia is getting onboard with Maxwell looking like mining beasts if the 750Ti is any indicator. [H] really needs to rename PC Gaming & Hardware to "PC Mining & Hardware" already.


















:D :p
 
I sold a Gigabyte 7950 Windforce for $450 USD this week. I paid ~$400 for it over two years ago. I added $50, and picked up a Gigabyte GTX 580 OC Windforce. Selling 2+ year old consumer level hardware at a profit is unheard of, previous to the coin rush.
 
McFry said:
Beacuse this is not their target audience. To remain relevant in the gaming arena they need gamers to buy their platform and establish brand loyalty. If their cards arent being used for their intended purpose, then guys like me go buy something else, and then they potentially lose a lifelong customer who would purchase many more cards in the future, over some stupid fad that will die out once it takes a football field length worth of cards to mine 1 coin.
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If you wanna boycott AMD's card's cuz they don't "control" the market, then go ahead.. There is a line of 10 people waiting behind you... Hell, if I wanna buy fifty 290x's, line 'em up and shoot them with a 50 cal, they'll be more than happy to sell them to me.... As long as I'm paying. You see where I'm going with this? Don't think for one second they give two f@#$ about yours or my "feelings" on the current pricing scheme... The only "target audience" they want is a PAYING one...:cool:
 
Bordak said:
I sold a Gigabyte 7950 Windforce for $450 USD this week. I paid ~$400 for it over two years ago. I added $50, and picked up a Gigabyte GTX 580 OC Windforce. Selling 2+ year old consumer level hardware at a profit is unheard of, previous to the coin rush.
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So you downgraded????
 
MrGuvernment said:
AMD isnt setting the price, the retailers are....

now if AMD could get more stock out the door, then prices would possibly drop...
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They just changed MSRP of the 280x (and probably others) from $299 to $399.... So they are riding this wave as well.. Again, no reason for them to stop...

As long as demand is high, the prices are high, it would NOT be in their best interest to flood the market... I'm pretty sure they know what's going on, and wanna keep this up as long as possible, no matter what their PR group spews on twitter...:rolleyes:
 
I was browsing Microcenter today and saw a bunch of 7970s and was curious to see how much they were going for today. Apparently that number is $450 for a Gigabyte Windforce 7970 (Not showing up online even though they had 20 or so it looked like). That's $100 more than I paid for my 7970 not all that long after the 7970 came out. At $500 you can pick up a GTX 780, though you'd obviously not be mining with it. Radeons are stupidly expensive everywhere from this mining rush. At this rate the choice between next-gen Nvidia and AMD is going to be a breeze to choose unless AMD pulls another 4000 series hat trick.
 
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