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Actually this is mostly a result of lack of new products. They're concentrating on their old architecture.
Just wait for the RX Vega and rebuilt drivers - you'll see how quickly the older cards will lose performance.
I agree, and it's both that will stretch out releases as long as they are selling chips to mining. Why either would show their best at this point when no gamers (very few) are willing to purchase, especially in mid-range. Like said even 1070's are not immune for mining as long as there's a payback either in hash/payback or electrical cost/return in coins.
If Vega is still provides hash and can be bought it will get the same exorbitant mark-up in retail and won't go to gamers. RGT would almost be smart to under-rate it in gaming then when this mining goes "bust" drop new Vega drivers that has it get better to pull gamers to it.
Given the place the last Nvidia "top dog" the GTX980Ti is at now... RGT should be into quietly position themselves as supporting gamers longer term viability. I mean there's plenty of gamers who got R9 280 (and even X versions) that paid from a low of $144 -AR new (even 280X new got to like $175) once mining went bust the last time. Not to mention many are on used mining cards off Ebay and such, and in various instances today playing in 970 ($270-330) 1080p territory. A card that's a year it senior using not as new architecture (Tahiti from 2012) is still "biting at it heels" for much less invested, I find that great long term viability. And let's not bring in the R9 290 which was initially more 780/970 competition.