AMD GPU’s now worth up to 3 times its value, Crypto miners buying them all

The Rise of RX 580 and 570

The New AMD GPU’s especially the RX 580 and the 570 have started showing a huge demand since bitcoin value started to skyrocket in the recent times.

GPU mining has seen a massive resurgence over the past little while due to the rising popularity of ASIC resistant coins.AMD’s Add-In-Board partners have caught on to this and have already started directly advertising it especially to the miners themselves.

The RX 580 and the 570 have been sold out in many countries especially South Africa due to people buying them in bulk to mine some bitcoins.

While some NVIDIA graphics cards do close the gap with their AMD counterparts in perf/watt at Etherium mining, their higher initial cost makes them far less profitable than the AMD counterpart and hence the demand increase in the RX lineup of GPU’s.

The craze is not limited to US only but has reached global levels.Nearly all retailers in North America and Europe are out of stock. Even retailers that have RX 500 series cards in stock only have a handful of units left.