XFX China allegedly sells ‘almost all’ available Radeon RX stock to mining farms

Published: 15th Oct 2020, 12:23 GMT   Comments

Please note that this post is tagged as a rumor.

According to MyDrivers, the Chinese XFX branch has sold ‘almost all’ stock of Radeon RX 500 and RX 5000 graphics card to mining farms.

XFX Radeon RX goes to mining farms

We have not been able to confirm this information, but MyDrivers usually keep up quite well with all the rumors surrounding Chinese factories and distributors.

MyDrivers (machine translation):

According to the information received, throughout September, XFX did not give agents several graphics cards in China. Almost all mainstream models on the market such as RX 580 8GB, RX 590 8GB, RX 5600 XT, RX 5700 XT, etc are out of stock.

As for the reason, it is said that after XFX received these chips from AMD, they directly sold them to the miners , completely becoming “mining cards”, causing the agents to not get the goods at all.

The popularity of GPU mining is slowly increasing as Ethrerum value has doubled since April. In October the value dropped to 372 USD (today) but it has been oscillating between 430 to 350 USD in the past month or so.

AMD Radeon RX series has a far greater value in GPU mining than the just-released NVIDIA Ampere series. So despite the fact that Polaris series has been out for 4 years, the cards are still being purchased and AMD is still manufacturing the chips.

The report from MyDrivers also claims that Navi 10 graphics cards are also affected by the growing popularity of mining in China. Both RX 570 and RX 5700 series have comparable performance, with better cost-effectiveness in favour or RX 570 (check this site for direct comparison).

Ethereum pricing in 2016 – 2020, Source: Statista

XFX Radeon RX 500 graphics card

Source: MyDrivers via El Chapuzas Informatico

Comment Policy
  • Comments must be written in English.
  • Comments deemed to be spam or solely promotional in nature will be deleted. Including a link to relevant content is permitted, but comments should be relevant to the post topic.
  • Comments and usernames containing language or concepts that could be deemed offensive will be deleted. Note this may include abusive, threatening, pornographic, offensive, misleading, or libelous language.
  • Comments complaining about the article subject or its source will be removed.
  • A failure to comply with these rules will result in a warning and, in extreme cases, a ban.
  • Please note that comments that attack or harass an individual directly will be deleted and such comments will result in a ban.
  • VideoCardz Moderating Team reserves the right to edit or delete any comments submitted to the site without notice.
  • If you would like to appeal for a comment section ban to be removed, please use this page.
  • If you have any questions about the commenting policy, please let us know through the Contact Page.
  • NEW: Due to the recent increased amount of spam all links will require moderator approval. 
Hide Comment Policy