Sapphire RX series mining GPUs hit UK store shelves

Sapphire RX series mining GPUs hit UK store shelves

Sapphire RX series mining GPUs hit UK store shelves

Sapphire RX series mining GPUs hit UK store shelves

 
Dedicated mining GPUs are now a thing, with Sapphire releasing their dedicated RX series 470 and 560 mining GPUs onto hit UK store shelves, offering lower prices than most of their gaming equivalents and no video outputs on most models. 
 
These new GPU designs have been created to capitalise on the popularity of mining cryptocurrencies like Ethereum, offering the GPU power required to mine these currencies while offering a more affordable design by removing certain elements from the GPU like display outputs.  
 
So far Sapphire has released 5 GPU models in the UK, from the £169.99 RX 560 (featuring on DVI display output), and four different RX 470 models (two 4GB models and tow 8GB models) which are priced between £248.99 and £299.99 depending on your chosen model. 
 
As many of you can clearly see, these GPUs come at inflated prices when compared to AMD's MSRP for these GPU models, which is thanks to the sheer market demand for AMD GPUs to mine Etherium and other competing cryptocurrencies. This makes it a great time to sell your AMD GPU for a profit, but a terrible time for consumers who just want to purchase GPUs at their normal, more affordable prices.  
 
To be clear, AMD is not responsible for the increased pricing of their GPUs. This is a supply and demand issue, with retailers increasing prices given the insane demand for GPUs in recent weeks. 
 

  

Sapphire RX series mining GPUs hit UK store shelves

 

With these new "mining series" GPUs, manufacturers will be able to sell off hardware with fewer components and even lower performing GPU cores with the promise of a quick profit, as is evident from the release of a new RX 470 model after the release of AMD's RX 500 series.

There is no doubt that other manufacturers will follow suit here, as companies are designed to make a profit and will no doubt capitalise on this situation. 

Even so, the world of cryptocurrency mining remains turbulent, with the value of the Ethereum currency increasing and decreasing by huge margins each and every day, so much so that last week the coin dropped momentarily from $350 to just 10 cents, even if only for a moment. Yes, there is profit to be made here, but it is only a matter of time before this house of cards falls. 

  

You can join the discussion on Sapphire's mining series of RX 470 and 560 GPUs on the OC3D Forums

 

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Most Recent Comments

26-06-2017, 08:52:23

AlienALX
Wait hang on a minute. Since when was £248 for a 470 with no heads cheaper?

Am I dreaming or have AMD shoved their prices up dramatically?Quote

26-06-2017, 08:57:08

Korreborg
Quote:
Originally Posted by AlienALX View Post
Am I dreaming or have AMD shoved their prices up dramatically?
Thats what happens when people actually wants their product Quote

26-06-2017, 08:58:53

WYP
Quote:
Originally Posted by AlienALX View Post
Wait hang on a minute. Since when was £248 for a 470 with no heads cheaper?

Am I dreaming or have AMD shoved their prices up dramatically?
It is not AMD, it is retailers (and potentially AIBs) just responding to the insane demand.

This is a stupid situation, but alas it is what is happening right now.Quote

26-06-2017, 09:00:50

Tolemac
Quote:
Originally Posted by AlienALX View Post
Wait hang on a minute. Since when was £248 for a 470 with no heads cheaper?

Am I dreaming or have AMD shoved their prices up dramatically?
Supply and demand fella the Ethereum miners have really screwed the GPU market ATM sadlyQuote

26-06-2017, 09:01:48

WYP
Quote:
Originally Posted by Tolemac View Post
Supply and demand fella the Ethereum miners have really screwed the GPU market ATM sadly
Exactly, I hope this house of cards crashes sooner, rather than later.Quote
Reply
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