Micro Center and Newegg Adjusts to Shortages and Inflated GPU Prices
The cryptomining boom has indeed made a huge impact on the supply and demand of mining-related hardware particularly graphics cards. As of this writing, prices of both NVIDIA and Radeon graphics cards significantly increased from the time of its release. NVIDIA
GeForce GTX 1060 6GB graphics card prices increased by 140% more or less from its release price. Prices of Radeon cards, the Radeon RX 580 in particular, gets larger price inflation by up to 180% more or less. With that, some of the major PC hardware stores in the US made adjustments to address the shortage and increased prices of graphics cards.
Micro Center released a statement putting out their best efforts to address the industry-wide shortages. The store will continue to monitor market pricing and set prices on a competitive perspective with other major online storage like Newegg and Amazon. Micro Center will also be limiting quantities sold per household or individual to deter miners. The store will also offer discounts for in-store bundled components. Read Micro Center’s statement here
Newegg, on the other hand, continues its pricing scheme and product listings up where you can even find bundled graphics cards from Newegg
’s partner resellers. The bundles are obviously geared towards miners and tend to comprise of models commonly used in GPU-based mining systems.
Today, Newegg has decided to slow its active promotion of all graphics cards throughout all its external channels including the affiliate network. By February 5, 2018, graphics card sales will no longer receive commissions. Newegg also instructs all its partners to cease all VGA card-related promotions.