Reference 290x are $899.99 on NewEgg

[yotano211]

Its not only on the desktop parts, mobile AMD parts are also up in the clouds. The mobile AMD 7970m and 8970m, are still very high. Usually mobile GPUs drop in price by now but they haven't.

 

[yotano211]

I still dont get what is THIS BITCOIN MINING and why this thing is responsible for AMD Graphics Card skyrocketing. anyone knows why or maybe REDIRECT me to thread(in this TPU) about this?

I have been told and read in some places that AMD cards are much better at mining than Nvidia GPUs. So people are snatching up more AMD cards than usual, so that drives up the cost. And sometimes causing a shortage. Laws of supply and demand.

 

[Ravenas]

I still dont get what is THIS BITCOIN MINING and why this thing is responsible for AMD Graphics Card skyrocketing. anyone knows why or maybe REDIRECT me to thread(in this TPU) about this?

AMD cards are the best on a hash per second basis which are bits that a open source or closed source bit coin mining program uses to mine data in order for the user to get a portion of digital money (money that is accepted by some big name retailers) being farmed.

BING source:

1.00 Bitcoin equals

• 658.55 US Dollars

http://en.wikipedia.org/wiki/Bitcoin

 

[Lunat!c]

AMD mines faster but is less efficient so most people get AMD for bitcoin mining

 

[Nordic]

I still dont get what is THIS BITCOIN MINING and why this thing is responsible for AMD Graphics Card skyrocketing. anyone knows why or maybe REDIRECT me to thread(in this TPU) about this?

I will give you a simplest answer I can. Read this link to know what bitcoins are and mining. Here. Why it is making amd graphics cards is because miners of cryptocurrencies use gpu's compute abilities to mine(learned from link) the coins. Amd gpu's are very very good at this. So miners are rushing to buy amd gpu's to make money off of them. Kinda like a gold rush.

 

[Blín D'ñero]

It's just Newegg. Blame bitcoiners in USA. Or something like that.

In Netherlands, reference ASUS R9290X-4GD5 = € 484,- ready for sending.

€ 484.00 =662.741 USD ... o.k., a bit more than the initial $ 599 what was it. But not by much. And i payed 10 euros more for my 7970's each, March 2012.

 

[The Von Matrices]

The trends indicate that NVidia will be more competitive in mining with Maxwell and AMD's prices will drop due to the increased supply and competition.

There are two aspects that were widely cited as the reason why AMD cards are more efficient than NVidia cards at hashing. AMD's architecture was more parallel (more lower clocked shaders as opposed to fewer high clocked ones), and AMD is able to perform an integer shift three times faster than NVidia. With Kepler, NVidia solved the first problem. And the trend on integer shift suggests that that will be fixed too if you look at NVidia's compute capability over the past few generations (shown below).

A Titan can already get ~500kH/s. If NVidia doubles or triples this capability in Maxwell they could be in serious competition with AMD for mining, and prices might level out.

For comparison,
rev. 3.5 is in GK110
rev. 3.0 is in GK104
rev. 2.1 is in GF104
rev. 2.0 is in GF100
rev. 1.3 is in GT200
rev. 1.0-1.2 is in G80

 

[Asylum]

These prices are becoming a joke.

Last time I went full price for a card was GTX 580.

Was about $549.00 on release and I said after that no more.

 

[Blín D'ñero]

I'm more curious if NVidia changed Maxwell so that it is better at hashing. Mining has been around long enough that there should [...]

[blablabla]

[....] Kepler, NVidia solved the first problem. And the trend on integer shift suggests that that will be fixed too if you look at NVidia's compute capability over the past few generations (shown below).

A Titan can already get ~500kH/s. If NVidia doubles [...]

[image]

Why are you changing the subject?

No matter how many times you keep typing "NVidia" this is still the "Reference 290x are $899.99 on NewEgg" thread.

 

[The Von Matrices]

Why are you changing the subject?

No matter how many times you type "nvidia" this is still the "Reference 290x are $899.99 on NewEgg" thread.

I'm not trying to derail the topic. I'm trying to make a point that evidence indicates that it may not be long before NVidia cards are just as powerful at hashing as AMD cards, at which point the prices of AMD cards will come down due to increased competition and supply.

 

[Blín D'ñero]

which is so on topic, yeah.

 

[The Von Matrices]

which is so on topic, yeah.

What is on topic then if mentioning something that can bring down prices is off topic? I thought the whole point of this thread was for people to complain that prices are too high and something needs to change. I'm simply pointing out a change that looks to be coming and hopefully will give people hope.

I edited my first post so that the message is clearer.

 

[erocker]

The market needs saturation of the product. Retailers sell these cards for a price and they immediately sell. They raise the prices and, again, they sell. It needs to come to a point where the retailers' supply becomes stagnant that the prices will go down. I'd hope all of these cards are being sold to miners rather than gamers as a gamers paying this kind of price for GPU's is ridiculous.

 

[Arjai]

Well type bitcoin in egg and guess what shows up so neweggs gotta be enjoying this too..

And you have kits now too haha

http://www.newegg.com/Product/ComboBundleDetails.aspx?ItemList=Combo.1533485

What the hell are they gonna do with 6 290x's when the board appears to only have 4 PCI's and, I sincerely believe they are not even x16!

 

[The Von Matrices]

What the hell are they gonna do with 6 290x's when the board appears to only have 4 PCI's and, I sincerely believe they are not even x16!

I didn't notice that originally. It is comical that they're making combos with parts that that won't even work together.

 

[15th Warlock]

So prices are back to $699 for most 290X models:

http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100007709 600473871&IsNodeId=1&name=Radeon R9 290X

Must have been a glitch or all the bad press made Newegg think twice before pulling a fast one, I really hope no one was dumb enough to purchase these cards at $350 over MSRP at least they are back to only $150 over MSRP now

I guess this thread can be closed now

 

[kenkickr]

Just checked and they are down to $699. Let the fools spend that much

 

[manofthem]

Good, prices came back down a hair. Now let the 290 get back to $400 so I can get another one

 

[Ravenas]

$699.99 is still too expensive for a reference card that the MSRP is $569.99. I've heard the reference cards with water blocks mine better though. Not giving any defense to the situation just saying.

 

[TRWOV]

Well type bitcoin in egg and guess what shows up so neweggs gotta be enjoying this too..

And you have kits now too haha

http://www.newegg.com/Product/ComboBundleDetails.aspx?ItemList=Combo.1533485

LOL the mobo in the bundle only has 3 PCIe slots

 

[TheinsanegamerN]

I still dont get what is THIS BITCOIN MINING and why this thing is responsible for AMD Graphics Card skyrocketing. anyone knows why or maybe REDIRECT me to thread(in this TPU) about this?

from bitcoins wiki page:
"Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere."

basically, it uses your gpu to do intensive math equations required to make these "blocks". amd gpus, specifically the large gcn based 7900 series and the r9 series, are very good at this. even the 7870 could do more bitcoin mining than a geforce TITAN. heck, even the 7850 mined the same as a geforce 780 oc edition. anything in the 7900 or r9 290 series was much more capable.
this mining is listed in kilohash a second, or Kh/s. the geforce 780 hits roughly 300-320. the titan hits 360-400. the 7850 hits 380-440, and the r9 290x hits up to 1002.
when the r9 290 and 290x came out, bitcoin miners bought them in droves to power new bitcoin machines. merchants, seeing that these miners tended to spend ludicrous amounts chasing bitcoin, amped up the prices on high end AMD 7000 and r9 gpus.
until the craze dies down, amd prices will remain inflated. at the inflated prices, these gpus are a terrible value, since the are now more expensive than the 780ti, while offering similar performance.
here is a link to a pretty good explanation of bitcoin mining, makes some good reading material: https://en.bitcoin.it/wiki/Mining
and here is a list of the Kh/s rating of most modern gpus, if you are interested in seeing exactly how much better amd chips are at it. https://litecoin.info/Mining_hardware_comparison#AMD_.28ATI.29

 

[AsRock]

LOL the mobo in the bundle only has 3 PCIe slots

Lol, never thought of checking that, maybe they think those who got that kinda cash wont check ?. HAHA.

 

[Cool Vibrations]

AMD mines faster but is less efficient so most people get AMD for bitcoin mining

We wouldn't have this problem if Nvidia cards didn't fail so much at integer performance. 3 cycles vs 1 cycle? What a joke.

They're absolutely shit for mining and this is why all of these cards are being snatched up left and right.

 

[15th Warlock]

from bitcoins wiki page:
"Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere."

basically, it uses your gpu to do intensive math equations required to make these "blocks". amd gpus, specifically the large gcn based 7900 series and the r9 series, are very good at this. even the 7870 could do more bitcoin mining than a geforce TITAN. heck, even the 7850 mined the same as a geforce 780 oc edition. anything in the 7900 or r9 290 series was much more capable.
this mining is listed in kilohash a second, or Kh/s. the geforce 780 hits roughly 300-320. the titan hits 360-400. the 7850 hits 380-440, and the r9 290x hits up to 1002.
when the r9 290 and 290x came out, bitcoin miners bought them in droves to power new bitcoin machines. merchants, seeing that these miners tended to spend ludicrous amounts chasing bitcoin, amped up the prices on high end AMD 7000 and r9 gpus.
until the craze dies down, amd prices will remain inflated. at the inflated prices, these gpus are a terrible value, since the are now more expensive than the 780ti, while offering similar performance.
here is a link to a pretty good explanation of bitcoin mining, makes some good reading material: https://en.bitcoin.it/wiki/Mining
and here is a list of the Kh/s rating of most modern gpus, if you are interested in seeing exactly how much better amd chips are at it. https://litecoin.info/Mining_hardware_comparison#AMD_.28ATI.29

A little off topic, but your mining numbers are off, with the latest cudaminer release my Titans regularly hit 600+ KH/s each using a T14x14 launch config, still not as fast as recent AMD releases (and definitely not efficient for what you pay ) but the performance keeps increasing with each new release.

My 290Xs barely break the 940 KH/s barrier each, and I'm yet to see a sample breaking the 1MH/s barrier in any of the mining forums, there might be a few cards that hit that mark, but looking at the performance charts these cards might me extremely rare.

Also, AFAIK most people got recently back into mining to get litecoins, with ASICs and an extraordinary high hashing rate difficulty, GPU based bitcoin mining is no longer efficient, but you can still mine litecoins (or dogecoins) relatively efficiently with GPUs and then exchange your coins for bit coins at a small loss.

Anyway, back to topic, with the recent collapse of bitcoin and litecoin exchange rates, its really not efficient to mine with $699 cards anymore, let alone $899, it'll take a lot of time (and electricity) to recoup your costs. You may argue that this statement has no validity coming from a guy using $999+ titans for mining, but the truth is I got my titans back in Feb 13, and have used them exclusively for gaming since, only for the last couple of months I starting mining with them because the cards were sitting there already, I was surprised to have a 1.2+ MH/s rig just going to waste, but with litecoin hitting south of $15 in the last few days, I just took them offline, my wallet is actually loosing value as I type this it was a nice little experiment though

IMHO, this thread should be locked, it serves no purpose anymore as things are more or less back to "normal"

 

[Ravenas]

IMHO, this thread should be locked, it serves no purpose anymore as things are more or less back to "normal"

How is a reference card that is being priced at $699.99 normal when the MSRP is $569.99? Additionally, you talking about the collapse of bitcoin... Bitcoin is always collapsing. Mining bitcoins is never efficient because you are never guaranteed a good return because the price is always fluctuating.