AMD RX Vega 64 GPU Shortage Not Due To Cryptocurrency Mining Trend
AMD launched the AMD RX Vega 64 GPUs two days ago and we can already see the stock shortage and no availability of the cards. The retailers are either selling them overpriced or most of the online stores are out of stock. AMD RX Vega 56 is scheduled to be launched on 28th August. Hopefully, the trend of shortage will not follow.
An article posted by PCGAMER showed a number of mining calculations and cost structure versus profit margins of this investment, assuming the fact that stock shortage is caused by the mining community. According to the mining performance of AMD RX Vega 64, which is nothing even close to the projected 70-100 MH/s is doing approx 32MH/s per card.
The HBM 2.0 doesn’t work similarly in random process requests like it does with gaming. Miners use 4-6 GPUs paired together, backed by high powered PSUs. Providing over 1500-2000 Watts of power. This causes an overhead.
According to the calculations done on six 1060 6GB cards with 1000W PSUs, it costs less than the AMD RX Vega 64 GPUs due to the fact that RX Vega has price hikes, consumes more power. To achieve economies of scale it will have to be used for approx 1 year to generate more value.
Best profit margins were churned out of the smaller memory versions of the same GPUs such as GTX 1060 3GB. The memory isn’t utilized the same way as in gaming, the processing power remains the same. These cards prove more economical for mining compared to the top tier ones. You can check out more information here.
The way the GPU market right now is, RX 570/580s are being sold for $100-150 extra. GTX 1060s also being sold for $100 extra. The AMD RX Vega 64 is out of stock or being sold as high as $650-700 or equivalent currency throughout the world. In comparison, the prices are: Japan 73800 YPN, Mdcomputers India 71500 INR, ShopBlt(US) 650 USD where as the official MSRP is $500.
The mining calculations deduce that AMD RX Vega 64 is short not because of the mining community alone. It’s basically because a lot of consumers/gamers anticipated the card and bought it for gaming.