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  1. #1
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    Where have all the the Radeon R9 290X graphics cards gone?

    from Maximum PC Mag

    Quote;

    AMD threw down the gauntlet when it introduced its Radeon R9 290X graphics card. Its aggressive price point in relation to performance (bang-for-buck, in other words) impressed us most, and apparently it's a big selling point among Bitcoin miners. If you're not familiar, Bitcoin is a virtual currency that's surging in value and Bitcoin mining is a resource intensive task that involves adding transaction records to Bitcoin's public ledger of past transactions.

    We could devote an article to virtual currencies and their various nuances, but the point here is that virtual coin miners seem to have gobbled up most of the available Radeon R9 290X graphics cards, according to Bright Side of News. The process of mining can be done on Nvidia hardware as well, though AMD's GPUs are a little better at it. Combined with the bang-for-buck performance of the R9 290X, it makes sense that miners hoping to score it big would flock to these cards.

    It's not just Bitcoins, either. Litecoin and Worldcoin are two other virtual currencies attracting so-called miners, especially since they're both newer and easier to harvest at this point compared to Bitcoin.

    We did a search around the web and had trouble finding a Radeon R9 290X video cards in stock last night. This morning we were able to track down a Sapphire Radeon R9 290x in stock at Newegg, but it has since vanished too. Everywhere we look, AMD's top-end part is out of stock or on backorder, including places like NCIX, TigerDirect (the one that's available to purchase says it usually ships in 7-21 business days), B&H Photo, and Provantage. Amazon has some SKUs in stock, though only through third-party sellers with inflated price tags.

  2. #2
    ROG 師傅 Array Arne Saknussemm PC Specs
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    Arne Saknussemm's Avatar
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    Interesting 01...

    Hmm, if I were unscrupulous I would start a virtual currency....mine one third of it before publishing it of course....use peoples gullibility to fuel interest in it and when price of said coin temporarily increases flog the third I already had mined and laugh as it all collapses later....
    Since anyone can do it and soon everyone will be doing it they are of course worthless...but temporarily if you get in and get out quick enough maybe you'll recoup the cost of those 290s....maybe not...

  3. #3
    ROG Guru: Green Belt Array
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    Totally agree Arne

    It is old adage if it is too good to be true.....................

  4. #4
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    Quote Originally Posted by Arne Saknussemm View Post
    Interesting 01...

    Hmm, if I were unscrupulous I would start a virtual currency....mine one third of it before publishing it of course....use peoples gullibility to fuel interest in it and when price of said coin temporarily increases flog the third I already had mined and laugh as it all collapses later....
    Since anyone can do it and soon everyone will be doing it they are of course worthless...but temporarily if you get in and get out quick enough maybe you'll recoup the cost of those 290s....maybe not...
    I couldn"t of said it any better

  5. #5
    imMortal Kombatant Array Myk SilentShadow PC Specs
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    While you may have been right in years past Arne, you're off the mark now as more companies are slowly starting to accept BC's, oh and the fact that Wall Street now wants in on the action too. The demand for the coins drives the prices up and yes, the price will crash again...but, it will rise again soon enough....right now the value of BC's is floating between $900 and $1K USD

  6. #6
    ROG 師傅 Array Arne Saknussemm PC Specs
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    On August 22nd Lehman Brothers stock price closed up 5% (16%) on the week.

    On September 15th their share price was....well, not so good and the DJIA fell 500points

    If you were in on the 22nd and out on the 23rd you made money...if you weren't you lost.

    Bitcoin is just the same...in fact it should do well at the moment because a derivatives market it starting hehe and that always pulls the price of the commodity up....but well, we all know how stable the derivatives market is.

    All these "investments" are great if you can afford to lose money or you're on the inside and making the trades before joe public...but all these things are zero sum games....for every win there is a loss and the smart/inside money wins and the dumb/outside money loses.

    By the way....some might find this graph interesting http://www.zerohedge.com/news/2013-12-07/ghost-1929-re-appears-pay-attention-signals

    Heh...this thread should be merged with the Bitcoin one in discussions....sorry 01 Wolverine
    Last edited by Arne Saknussemm; 12-14-2013 at 03:20 PM.

  7. #7
    ROG Guru: Orange Belt Array maximiza PC Specs
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    possesion is 90% of the law, if you have no internet or electricity the bitcoin/litcoin wealth is vaporized, gold and silver is a better bet or land to rent or grow food. If they can't tax it they will kill it somehow. on a side note If the us dollar looses world reserve currency status all bets are off, probably a bunker radiation proof... imho, yeah i been posting on zerohedge for years, i am bias also,,hahahahaha
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