Ethereum Effect – GPU Prices Skyrocketing

If you’re currently in the marketing looking to score, let’s say, a GTX 1060 or Radeon’s RX 570/580, well, this may be a bad time to purchase one as these GPUs’ prices had gone skyrocket. Thanks to the rising value of Bitcon and Ethereum, miners made it to the big scene again by purchasing not just one, but multiple GPUs that they can use to mine Bitcoin and Ethereum. This leads to global shortage of mentioned GPUs. Stocks are very limited and even if they have one, expect to have at least 30-50% increase from its original price. Below are the list of GPUs that has a significant price increase.

AMD GPU:

  •  Gigabyte Radeon RX 580 8GB – P 19,850.00
  • MSI RX 580 Gaming X Twin Frozr 6 – P 23,080.00
  • Radeon Sapphire Nitro+ RX 580 Gaming 8G – P 15,400.00
  • Gigabyte Radeon RX 570 Gaming 4GB – P 15,640.00
  • Gigabyte Radeon RX 570 Gaming 4GB – P 15,000.00
  • Gigabyte Aours Radeon RX Gaming 570 4GB – P 11,300.00
  • Gigabyte Radeon RX 570 4GB – P 9,750.00

NVIDIA GPU: 

  • Galax GTX 1060 Dual Fan 3GB – P 12,270.00
  • Galax GTX 1060 EXOC White 6GB – P 15,640.00
  • Galax GTX 1060 OC 6GB – P 14,390.00
  • Gigabyte Aorus GTX 1060 Xtreme 6GB – P 18,300.00
  • Gigabyte Aorus GTX 1060 6GB – P 17,650.00
  • Gigabyte GTX 1060 G1 Gaming 3GB – P 13,500.00
  • Gigabyte GTX 1060 G1 Gaming 6GB – P 16,500.00
  • Palit GTX 1060 StormX 3GB – P 11,700.00
  • Palit GTX 1060 Jetstream 6GB – P 16,500.00
  • Zotac GTX 1060 6GB – P 13,500.00
  • Zotac GTX 1060 3GB Amp! Edition – P 12,450.00
  • Zotac GTX 1060 6GB Amp! Edition – P 17,230.00 

Some stores are not disclosing the prices of RX 580 and GTX 1060 as well as encouraging buyers to transact with them online or via shipping only. Although, we didn’t include the GTX 1070/1080 because we know it’s a tad bit overprice as well right now. The GTX 1060 and RX 570/580 are the common GPUs that miner uses.
So, if you are upgrading to a higher GPU and targeting any of the above mentioned, maybe it’s time to hold your horses for a while as soon as the prices have stabilized and get back to its normal state. Otherwise, try to look for other source or check the second hand market for a lower price. Be sure to check the seller’s background and gather as much as information about the history of the GPU.
Got a good deal despite the price hike? Share it below at the comment section.

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