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AMD Radeon 500 series still hard to find despite Ethereum crash

Posted on Tuesday, July 18 2017 @ 13:33:08 CEST by

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We have two cryptocurrency stories back-to-back. First up FUD Zilla reports there's still a big shortage of AMD Radeon RX 500 series video cards, and particularly the 570 and 580 models. The situation is rather fluid right now as prices of Bitcoin and many altcoins like Ethereum crashed hard recently but the site claims the GPU market shows no signs of a return to normalcy. FUD Zilla speculates the supply situation may improve by the end of the summer.
The shortage was so severe that a few sources within the channel confirmed that it is impossible to buy any Radeon RX 580 or 570 cards. This has been going on since late May and has shown no signs of recovering. It was confirmed to Fudzilla that AMD was bringing back the production of Radeon RX 480 and 470 cards too, just to fill the demands as buyers were hungry for them too.

Big customers out of China and some other parts of Europe were buying millions of worth of mining capable graphics cards as Ethereum jumped all the way to $400. The Ethereum price in recent days dropped below $200 making the profits down by a half. Today it was trading for $190 while Bitcoin $2266.44 wasdown from $ 2800 at its maximum peak a month ago.



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