Oh crap... the AMD Vega is “insanely good” at cryptocurrency mining

AMD Vega 10 GPU

Update August 4, 2017: OverclockersUK have suggested they will probably use a voucher code system for the sales of their AMD Vega graphics cards, as well as a one piece per customer limit.

If you use your GPU for gaming, instead of boring number-crunching, you’re going to need a good screen to pair it with. These are our picks of the best gaming monitor around.

We spoke to Overclockers' Gibbo today and he explained that the plan they're expecting to put into place, for the August 14 launch of the AMD RX Vega GPUs, will consist of an artificially high £1,000+ price tag, with a voucher code they're only posting on their gamers' forum to halve the price. 

Those extra hoops for customers to jump through, combined with the one card per person limit, ought to ensure anyone looking to snaffle all the Vega GPUs for mining will look elsewhere. That will at least mean gamers in the UK will have somewhere to buy themselves one of AMD's latest high-end GPUs.

AMD RX Vega 56

But will they want to? Until we get one into the test bench it's hard to tell, but with the top-end card AMD RX Vega 64 barely competing with the GTX 1080 on gaming performance and losing out in the power stakes it's a bit of a lottery.

The RX Vega 56 though could be a much more interesting card, ever the way with AMD's rule-of-two graphics silicon. It will apparently best a GTX 1070 for a fair chunk less cash. That could end up being the go-to graphics card of the year.

Original story, August 4, 2017: OverclockersUK’s Gibbo has announced the expected hashing rates of the new AMD Vega GPUs on the OCUK forum, calling them “insanely good.” And now it’s going to be a case of whether any gamer is genuinely going to be able to buy one ahead of the miners before the prices go through the roof.

Andrew 'Gibbo' Gibson is suggesting the hash rate for the Vega GPU is between 70 and 100MH/s. With the RX 580 hitting about 25MH/s, and the GTX 1080 Ti offering 32MH/s, those numbers will be getting the miners all moist in the unmentionables. And that could also mean stock gets hoovered up before any gamers can get near the cards.

The source for the potential Vega hashing performance is reportedly an internal employee of one of AMD’s board manufacturers who has been doing some pre-release testing in-house.

OCUK are looking into ways they can ensure gamers are able to purchase new AMD Vega cards, at the suggested retail price, “without the miners wiping all the stock out within 5 minutes of product going live.”

Scan Computers International put a hard limit in place on purchases of the GTX 1060 once the Polaris-based cards disappeared from the shelves, allowing only two per person to keep stock levels reasonable. It's possible that will come into force across the board for the Vega launch if retailers want to keep things fair.

AMD Radeon RX Vega launches August 14

This represents a marked difference from the hashing performance of the Frontier Edition when that launched, which is a little odd. The professional Vega card produced a hash rate of around 30MH/s, but the latest drivers are seemingly more than doubling that figure.

AMD have already said that they delayed the Vega launch so they could get enough stock in place to ensure there will be enough for both gamers and miners, which makes the slightly bizarre Radeon Pack ‘bundles’ make more sense. They might represent the only way for gamers to get their mitts on Vegas as miners aren’t going to need the discount vouchers for monitors, motherboards, or CPUs. And that would also mean gamers will essentially be charged a $100 premium for the privilege.

The AMD RX Vega cards are launching on August 14, with partner cards following in September, from the likes of Asus with their STRIX RX Vega cards. Might be a case of waiting for the second wave of releases if you want to get in on the Vega action.

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nu1mlock avatarQDP2 avatarSkankwOn avatarDave James avatarShadowized avatarMagick_1970 avatar+4
QDP2 Avatar
809
1 Month ago

The ERA of mining: Where high performance cards make us fearful rather than exited. True first world problem here, the cards too good value!

3
Dave James Avatar
420
1 Month ago

This is PC gaming hardware, the home of first world problems ;)

2
SkankwOn Avatar
98
1 Month ago

So, this is why AMD is considering shipping the GPUs with discounts for Mobos, CPUs and displays.

I've been waiting for Vega to upgrade, please don't let me be at work when the stock releases! (I know the date, but is there a particular time?)

2
Dave James Avatar
420
1 Month ago

That's a really good point - not sure when exactly the sales will go live and haven't seen any pre-order pages yet either.

Could be a Glastonbury-like scramble for cards, though maybe that's exactly what they want us to think...

1
nu1mlock Avatar
722
1 Month ago

"Andrew 'Gibbo' Gibson is suggesting the hash rate for the Vega GPU is between 70 and 100MH/s. With the RX 580 hitting about 25MH/s, and the GTX 1080 Ti offering 32MH/s, those numbers will be getting the miners all moist in the unmentionables. "

That's for a single algorithm though and Ethereum becomes less and less interesting to mine.

We'll see, but I wouldn't hold my breath for the Vega to be especially good for mining when there's better alternatives out there. Then again, that hasn't stopped miners from purchasing up everything that exists anyway.

I'm hoping they don't, gamers need to get their hands on some new Vegas.

1
Dave James Avatar
420
1 Month ago

Will be interesting to see what the power draw is like at that sort of hash rate too. If it's sucking down a load of juice at the time it could still make them economically nonviable for mining.

2
Shadowized Avatar
128
1 Month ago

well, they did implement the hardware bundles for a reason and I'm sure sites will put hard limits of 2-4 per customer so that should in theory solve the availability issues.

1
Magick_1970 Avatar
1
1 Month ago

If Vega is this good at mining, miners will buy the bundles and just ebay the excess hardware they don't need from the bundle. A lot of gamers are going to be pretty salty, no Vega for them.

1
Dave James Avatar
420
1 Month ago

The thing is, the bundles don't actually contain anything physical you could sell to offset the extra cost. You just get money off extra hardware purchases, which you have to use at point of sale, and a couple of game download codes.

1
Netherwolf Avatar
1
1 Month ago

No. Just... no. This is not a selling point to sane rational people.

Real mining is done at TH/s with ASIC rigs. And even then, it's usually unprofitable. For those who are bad at math, 1TH/s =1000 GH/s. 1GH/s = 1000MH/s.

This is the equivalent of a car company telling a kid who won a junior high robot building contest they want him to automate their next manufacturing plant.

1
wooglemarra Avatar
1
1 Month ago

ASIC is for BTC mining and the likes of, ASIC's don't work with Ethereum (and friends), they are designed to be mined with GPU's, hence all the cards being bought by numpties who think they are going to get rich from it, before it all collapses in their face.

1
g.poubelle Avatar
37
1 Month ago

Why doesn't AMD let those miners buy all the cards they can ?

It creates volumes to bring their production cost down, and once they end up sold back on ebay they will speed up the adoption rate of higher GPUs by game developers, so that games end up with higher graphic settings instead of running at 200+ FPS.

How about this : AMD sell them at twice the price to miners, and for every GPU they sell they hand out a free GPU through a lottery :)

1
Dave James Avatar
420
1 Month ago

AMD aren't really that bothered who buys their cards, it all ends up on their bottom line. The same goes for the partner boards manufactures, for the most part, except it does nothing for their brand recognition in the wider market.

1
g.poubelle Avatar
37
1 Month ago

Well announcing their sales numbers, reducing their production cost, and those GPUs ending up on ebay & Co, should increase both their brand recognition and market share, if only with a delayed effect.

I haven't heard so much (positive comments) about AMD for over 5 years...

Thank you for explaining :)

1
Jambo71 Avatar
1
1 Month ago

I think this Andrew 'Gibbo' Gibson is a shill , he knows gamers arent going to buy last years tech, so now he has some"insider news" yeah more like hes got 200 cards coming from AMD and partners and nobody to sell them to, Hey I know what lets flog them to the miners.

what a complete clown

1