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Video Card Shopping Gets Wild With GPU 6-Packs Due to Cryptocurrency Mining

Striking a gold mine.

40 Comments

Cryptocurrency mining has been dominating headlines when it comes to the PC hardware world with GPU prices rising well beyond MSRP. But the current market for video cards has reached a new level with vendors selling cards in packs of six on Amazon and Newegg. Anything from Nvidia's GeForce GTX 10 series and AMD's RX 400/500 series are available in bundles. It hasn't stopped there; PC cases designed to house up to eight video cards at once are have also hit the marketplace.

As of now, a 6GB GTX 1060 six-pack (Founder's Edition or EVGA) is going for $3,780 USD, while a pack of MSI Aero ITX OC GTX 1060 cards is listed for $3,465. The high-end GTX 1080 has a six-pack is priced at $6,300 as well--the GTX 1080 Ti is nowhere to be found, though. On the AMD side, the OEM 4GB RX 580 six-pack is at $3,600, and the MSI Armor 8GB RX 580 bundle is going for $3,990. Even bundles for the RX 570 are marked up as high as the slightly faster RX 580.

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Now Playing: PSA: Do NOT Buy A Graphics Card Today

A six-pack of GTX 1080 cards will run you $6,300.
A six-pack of GTX 1080 cards will run you $6,300.

When taking the average cost per unit, the inflated prices of individual cards are reflected in the bundles. The aforementioned GTX 1080 Founder's Edition six-pack costs $1,050 per card, which is exactly its price for the same model on Newegg (keep in mind that MSRP is $550). However, these Amazon and Newegg bundles aren't necessarily about saving money. Instead, it's an easy way for miners to scoop up multiple cards and skirt around retailer limits on how many individual units you can purchase at once.

To further cater to cryptocurrency miners, PC cases specifically for mining have been surfacing on retailer websites. These cases sport open-air designs with up to 19 video card slots, which almost look like server racks. Manufacturers also have no qualms advertising their cases alongside explicit calls to certain currencies like Ethereum, Bitcoin, and Altcoin.

One of the several multi-GPU cases specifically designed for cryptocurrency mining.
One of the several multi-GPU cases specifically designed for cryptocurrency mining.

When we caught up with CyberpowerPC (a pre-built PC manufacturer) at CES 2018, the company mentioned that it cannot raise the prices of its systems even as video cards become increasingly scarce and expensive. Companies like CyberpowerPC operate on strict pricing guidelines. This appears to be the case with other vendors. For example, Dell is offering its Alienware Aurora PC with a GTX 1080 for $1400 ($1260 after a coupon code). Meanwhile, the card itself is selling for $1050, nearly covering the price of the system itself. In theory, those looking for a specific video card without breaking the bank could purchase a pre-built system, pull the video card, and resell the rest of the system. If you're looking for a new PC entirely, it seems that pre-built systems are the way to go for now.

The cryptocurrency game is changing by the day, but the GPU market remains in a state like it's never been before. Check out our previous look at current video card prices against their original MSRP to get an idea of how much the market has changed recently. For more on how these cards perform in games, be sure to read through our reviews of the GTX 1080, GTX 1060, RX 580, and RX 570.

Some links to supporting retailers are automatically made into affiliate links, and GameSpot may receive a small share of those sales.

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jyml8582

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This is too funny.

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Anutha_One

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Has anyone ever put two and two together and figured out that maybe the graphics card companies are also investing heavily in the crypto currencies that are driving up the price of graphics cards? They win-win just themselves this way as it drives up the costs of their own cards while they also make a profit on the increase in crypto currencies in the meanwhile as well.

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Daveof89

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The love of money is the root of all evil... and apparently stupidity as well. All these people buying/building mining rigs have high expectations, but they will be unpleasantly surprised in the end.

Yes, I mine, I admit it. I built my gaming PC before all this ridiculous price gouging, and when I'm not gaming, I mine. I see no reason not to make money while it sits there unused. I would never buy what I have now for the sole purpose of money making, as it isn't worth it.

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nurnberg

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I am glad I bought my video card 3-4 years ago before that garbage happened. I can play any PC game with decent settings. It is still good enough. I feel bad for people looking for a card right now.

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Mach22

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You guys trading bit coin are crazy. Where do you think your money is going? Its lining the pockets of the owners. At some point, they will sell all their stock and leave everyone high and dry just like they did before.

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lonewolf1044

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It is expensive to do DIY projects these days and more beneficial to buy custom made systems. I am glad I have all my systems today and just waiting for an good sale on an good video card.

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mattcake

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Thanks to the Internet, we now sadly live in a self-entitled world where everyone wants to be rich and/or famous but put no effort into attaining it. I hope they all get burnt - both financially and physically by their raging inferno multi-GPU PCs.

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Yams1980

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Edited By Yams1980

PC gaming is dead to anyone who doesn't already own a gpu. At least until this bitcoin mining scam dies off. Theres so many bitcoin imitators popping up daily, i can't see how it has any value left. And without any regulation it will never be reliable to trust your money in compared to government backed bonds and currency.

Still not sure why anyone would mine it, the cost of hardware and electricity and unstable price fluctuations should be enough to keep any stable genius away from it.

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kadaverhagga

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Edited By kadaverhagga

@Yams1980: I might agree with you in terms of building expansive systems like this for the sole purpose of mining. Bitcoin isn't worth it anymore btw. But using your gaming pc to mine during the night or when you are at work only stopping when you actually use the pc... I mean why not. Don't get rich at all but still get more than you'd get with the pc turned off even with the increased electricity bill. Over time you potentially get fully fledged pc quality gaming with a closer to console price tag or cheaper in some cases.

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analgrin

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@Yams1980: Hardly anybody actually mines bitcoin. There's thousands of other currencies that are mined so if one fails you simply move to another. I earned roughly £500 in 4 months mining with my gtx 1070 which I originally bought for gaming when they were "cheap". I thought while it's sitting there doing nothing it may as well earn me some easy cash

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maitkarro

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@Yams1980: It would be only idiotic to be in with it for long terms, peeps are doing it for short term, they mine their the money back they spent on the gpus, then make some extra to be rich enough and then cash in, it's a quick get rich scheme on the expense of idiots, mostly the price inflation is just because some decided to hoard all the bitcoins so that the price would go up thus making their investment more valuable, the moment they decide to cash in, it's gonna drop like hell and loads of who weren't fast enough will get burned.

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analgrin

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@maitkarro: The drop has already happened. People seemed to be investing heavily into bitcoin leading up to christmas (value doubled from Nov to December alone). Since December the value of bitcoin has been falling. A couple of days ago it hit it's low point, worth less than half what it was mid December. Seems to be recovering now though as the price is rising again. So even with this "crash" it's still worth 8x what it was a year ago. Bitcoin is still strong!

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harpin14789

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Edited By harpin14789

@xNSHD you're here all excited about miners selling their used graphics cards once the cryptocurrency mining bubble bursts. But one thing you need to remember is that those cards that the minors have been using have been running at 100% since they got them, even if you got them at very low prices, they will die out on you real quick. My best advice is not it's to not buy used graphics cards from minors, it's just not worth it because the cards lives have been shortened so much due to their intensive mining.

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SHOGUN_YAMATO

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Edited By SHOGUN_YAMATO

This is pathetic. I just reinforces my belief that greed is the word of human flaws and everything that is touched be excessive amounts of money is gonna get spoiled one way or another.

And I'm really gland I got my GTX 1060 with 6GB in September when the prices were still quite low.

We just gonna have to wait until this whole cryptocurrency bubble will burst. And it will. No economy that is not tied to some form of valuables (like gold) is gonna hold for a longer period of time.

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harpin14789

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@SHOGUN_YAMATO: I don't think cryptocurrencies type 2 valuables like gold.

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SHOGUN_YAMATO

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@harpin14789: I just wrote that :P "No economy that is not tied to some form of valuables (like gold) is gonna hold for a longer period of time."

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harpin14789

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@SHOGUN_YAMATO: lol. I misread. :p

My eyes just say gold and cryptocurrency in the same post. lol

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GH05T-666

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Hope cryptocurrency crashes in price. I'm sick of this PC component price hiking

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Yams1980

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it does keep crashing in prices, but new crap crypto currencies keep popping up.

then these savages will quickly mine it and sell it. I guess at some point there will be so many different currencies that even when a new one appears it will be so worthless and never increase in price to make it worth mining.

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TribbleOutcast

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Edited By TribbleOutcast

So this is why the Ti's doubled in price. I was going to buy one. Not anymore! ?

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deactivated-64efdf49333c4

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Didn't anyone tell these guys cryptocurrency is tanking right now?

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ECH71

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Thankfully it doesn't affect me, yet...

I need a GPU upgrade for playing in 4K/Ultra/60fps+ but even the 1080 Ti can't handle that with most games. I hope this crisis is resolved before 2080 Ti release.

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GH05T-666

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@ECH71: the next will most likely be 1180.. the 2080 wont be out for a while

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ECH71

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@GH05T-666: I don't believe you. That would make too much sense for these idiot companies who can't even get product naming right.

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Rufus_the_rat

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Look and gaze upon what greed has wrought you, humanity.

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xNSHD

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more fool nvidia if they don't step in and stop this now because here is why they will get burned from this. when the cryptocurrency bubble finally bursts which is will then all these people who bought graphics cards for mining will then sell them and budget prices just to get rid of them.

then people will pick up really powerful cards for cheap when nvidia will be trying to sell there latest and greatest card for $600 dollars when people will be picking up GTX 1080s for a quarter of the price so why would people buy their new stuff when because of the cryptocurrency crash which will happen they can pick up an amazing card for like i said a quarter of the price.

be patient people i guarantee this cryptocurrency bubble will burst and then the gamers will be reaping the benefits of getting great used cards and budget prices.

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Yams1980

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ya there will be a lot of gpus for sale when this crashes. But who in their right mind would want a gpu that was mining 24/7 for a year or two straight in some savages dirty house?

To me it wouldn't be worth much to have a card that was pushed so hard, unless they were almost giving them away... then it would be alright to take that risk on soon to break hardware. Just i've seen countless do it yourself miners and how awful their setups are. They have their gpus all tightly together with no protection from dust. By the time those get sold they'd be covered in dust and dirt and have extreme wear on them.

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xNSHD

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@Yams1980: you go for the 4 times more expensive option brand new from nvidia then doesnt bother me. was just trying to give people some friendly advise.

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lonewolf1044

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Edited By lonewolf1044

@Yams1980: True and I do not buy used cards because for me it is like buying an used car that you have no way of knowing what problems exist even if the price is right and all.

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deactivated-6793e8ba0e8bf

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@xnshd: At this point, that will be the soonest I can build a new rig.

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lukasr

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@xnshd: I'm more than happy to grab a couple of Ti's for bargain basement prices

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UltimateBastard

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@lukasr: I find it a bit dubious buying 2nd hand computer hardware, graphics cards and cpu's in particular. You've no real way of doing what the previous owner has been doing with them until they die on you.

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lukasr

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Edited By lukasr

@UltimateBastard: They can't do doing anything with it that it wasn't designed and built to do.. ie process data. And of course, if you're buying second hand hardware you need to have the seller prove it still works.

I've sold about 6 GPU's, and every time I make sure the single card that I'm selling has been running Heaven or something for 5 hours before the buyer picks it up, so they can see the uptime etc. If I was buying a used GPU from someone else, I would ask they do the same.

Also, when I say bargain basement prices, I mean it. If I can get a couple of 1080 Ti's for $200, regardless of whether the seller is a cryptominer, and proves they work as above, I'm sold

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UltimateBastard

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Edited By UltimateBastard

@lukasr: I'm not sure I would agree with that.

To start with, just because its capable of doing something, doesn't mean it was designed to do so, or at the very least it is advised against doing so. You can run insane overclocks using Ln2 but would you want one when they're finished with it, or at the less extreme scale, someone whos been running a overclocked cpu at silly high temps and not even realised it.

The previous gpu I had was a 780 lighting, I had a modded bios running on it to get higher overclocks, now I wasn't doing anything other than gaming with it, and never had a problem, in fact it's still running grand in a friend's rig, but had I been mining and had gone on to sell it, a flash of the bios and no one would have been the wiser.

The point I'm making is, that while it might still be working, hardware has a lifespan and no bench mark you show someone is going to tell them, just how little of that lifespans left, now if your buying it at next to nothing, fair enough, but I'd find it hard to believe someone's going to openly say, I've been abusing the shit out of this thing, have it at next to nothing.

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Yams1980

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@UltimateBastard: 100% correct. buying a used gpu from a person you don't know is a risk on its own. But combine that with the fact that any gpu for sale now will likely have been abused excessively in 24/7 mining.

Its near broken hardware you are buying. Worthless and a gamble unless you are getting it for practically nothing.

Totally fine buying a used gpu from a regular gamer, because you know it was just used for that and has life left in it. I sold my 970gtx for a really low price to my brother in law, and it will never die because of how well i treated it and cooled it.

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attirex

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Just in time to take advantage of the bursting bubble! Hope greedy aholes end up with a glut.

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AsmodeusAzarak

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I'm here wanting to get a good deal on a graphics card capable of handing VR for the Vive I got over the holidays and this stupid crypto-currency nonsense is drastically inflating the prices. So pointless.

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deactivated-5ab3d29749ec4

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So when will Nvidia get up off their asses and make it affordable to upgrade because this is a fucking disgusting joke

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dlCHIEF58

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@ratchet989: nVidia are not the ones inflating the prices, it is the retailers as they are selling them for nearly double the price nVidia suggests (MSRP). None of this situation is AMD or nVidia's fault.

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