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Good god! What happened?!?

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2 years ago#1
Was just browsing newegg and decided to look at my GPU I bought a few months back - Sapphire 7970 OC with Boost - to see what it was selling for now. I paid about $289 for it after rebate. Just checked and it is selling for a whopping $499 and is out of stock. The hell?
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Playing: CoD: Ghosts (PS4), Forza 5 (XB1), Mario 3D World (Wii U), ETS2 (PC)
3DS FC: 2191-7639-5571
2 years ago#2
short answer: bitcoins/litecoins

long answer biiiiiiiiiiiitcooooooooiiiiiinnnnnnnsssssss/lllllllliiiiiiiiiiitttttttteeeeeeeccccccoooooooiiiiiinnnnnnssssss
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"The easiest way to stop piracy is ... by giving those people a service that's better than what they're receiving from the pirates." ~ Gabe Newell.
2 years ago#3
i still don't understand bitcoins. i get that they're digital currency, but how the hell are they driving up prices of gpus like that?
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2 years ago#4
People buy GPUs to mine Bitcoins. Sudden demand with no supply = increase in cost.
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Genius has its limitations. Ignorance has none.
2 years ago#5
Considering selling mine and just getting a 770 + extra cash. Man....A bit ridiculous haha.
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Playing: CoD: Ghosts (PS4), Forza 5 (XB1), Mario 3D World (Wii U), ETS2 (PC)
3DS FC: 2191-7639-5571
2 years ago#6
Bitcoin market is crashing fast so better sell it while you still can.
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Words of wisdom from Guybrush Threepwood:
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2 years ago#7
Xeno_Predator posted...
People buy GPUs to mine Bitcoins.


Only clueless people are still trying to mine Bitcoins with GPUs. They're probably mining the sub-types like Litecoins or whatever. ASICs completely took over Bitcoin mining and are only getting better.
2 years ago#8
r0ge00 posted...
Xeno_Predator posted...
People buy GPUs to mine Bitcoins.


Only clueless people are still trying to mine Bitcoins with GPUs. They're probably mining the sub-types like Litecoins or whatever. ASICs pretty much took over Bitcoin mining and are only getting better.


So either idiots wasting money on a fake currency that they can still scam people out of for real money but will never be able to do since they're woefully outdated or idiots wasting money on a less popular version of the fake currency that can't scam anyone out of money for for nearly as much.
2 years ago#9
Yeah I just relisted my 7950 today. Fingers crossed.
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Of all the zeroes, I'm the bluest.
2 years ago#10
Nothing fake about the currency. If people trade for it it has value. It is the wrong time to jump on the bandwagon though.
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I am the mighty thesaurus! RAWR!
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