Seeking Alpha

AMD, Nvidia rally; Litecoin mining leads to high-end GPU shortage

  • Interest in using high-end AMD (AMD +2.3%) GPUs to mine Litecoins (a rival cryptocurrency to Bitcoins) has triggered shortages for graphics cards running R9 280X and R9 290/290X GPUs.
  • 15 of the 17 R9 280X graphics cards offered by Newegg are out of stock, as are 14 out of 16 R9 290/290X GPUs.
  • With Litecoin trading at a fraction of Bitcoin's price, the former is much easier to mine than the latter. However, Litecoin mining does require considerable amounts of memory and GPU horsepower.
  • AMD GPUs are viewed as far more efficient at mining Litecoins than Nvidia (NVDA +1.9%) GPUs, but both can be applied to the task.
  • AMD launched its R9 and R7 GPUs earlier this fall, and priced them aggressively relative to Nvidia's high-end GTX 780/770 and Titan GPUs; Nvidia announced price cuts in response.
  • Notable Calls reports hearing from IT hardware contacts the R9/R7 launches have led AMD to take GPU share from Nvidia.
Comments (13)
  • Justin Jaynes
    , contributor
    Comments (3078) | Send Message
     
    Called this last week:

     

    http://seekingalpha.co...
    10 Dec 2013, 12:26 PM Reply Like
  • synchrogeddon
    , contributor
    Comments (195) | Send Message
     
    It is stupid to assume Litecoin mining was cause of AMD gpus shortage. Who mines Litecoins?
    10 Dec 2013, 12:27 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3078) | Send Message
     
    @Synch - this tweet is from the VP of Channel Sales @ $AMD

     

    http://bit.ly/19zxUhq
    10 Dec 2013, 12:36 PM Reply Like
  • Tri Duong
    , contributor
    Comments (1456) | Send Message
     
    i do
    10 Dec 2013, 11:36 PM Reply Like
  • Neosephiroth86
    , contributor
    Comments (250) | Send Message
     
    Me, and I've already fried one 7950 of mine!
    10 Dec 2013, 12:29 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3078) | Send Message
     
    if it's under warranty send it back
    10 Dec 2013, 12:31 PM Reply Like
  • Neosephiroth86
    , contributor
    Comments (250) | Send Message
     
    Yes it is I'm dealing with an RMA guy who keeps me saying try this try that..hope tomorrow he'll give me an RMA number!

     

    Anyway I am mining at 300 KH/S per card ATM, and considering the difficulty and the current price per litecoin the gain is decreasing.

     

    @Justin, probably you already know it but this http://bit.ly/1fgXwnW
    gives you a snapshot of price per cryptocoin etc..very useful!
    10 Dec 2013, 12:52 PM Reply Like
  • synchrogeddon
    , contributor
    Comments (195) | Send Message
     
    Where can you sell those various vitrual coins and have real money?
    10 Dec 2013, 01:28 PM Reply Like
  • Neosephiroth86
    , contributor
    Comments (250) | Send Message
     
    coinmkt.com, bce-e.com and others...beware withdrawal rates are very high! For example coinmkt.com charges 30 dollars for a bankwire transfer, and it's the cheapest I found!
    10 Dec 2013, 02:22 PM Reply Like
  • geoffbcohen@gmail.com
    , contributor
    Comment (1) | Send Message
     
    Bit/Lite Coin exchanges? http://bit.ly/18SSu1P
    10 Dec 2013, 05:58 PM Reply Like
  • kjurden
    , contributor
    Comments (734) | Send Message
     
    AMD takes shares from NVDA! Seems like I've been saying this was going to happen!!!
    10 Dec 2013, 12:49 PM Reply Like
  • goldspin
    , contributor
    Comments (5) | Send Message
     
    This article corroborates the amd's gpu shortage: http://bit.ly/18SQN4m
    10 Dec 2013, 05:41 PM Reply Like
  • Axien86
    , contributor
    Comments (49) | Send Message
     
    AMD's GCN Radeon graphics card sales have been so tremendous that IT channel sources are saying they have 70% of the market, which is more than a 100% increase from several months ago.

     

    Combined with news about the imminent release of Mantle software technology along with advanced Kaveri GCN APUs, AMD is showing it has the chips and chops to take down the Titans of industry.
    10 Dec 2013, 07:28 PM Reply Like
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