GPU prices go boom

[Steampunk]

Yet another case of those who can making themselves better off and those who can't moaning about it.

Was fedup with my money sat in the bank for the past decade earning nothing in interest, this is easy gains so why not.

I think gamers wouldn't care if it wasn't doubling the price of GPUs and sucking all stock out of the market. It's like that "Paperclips" game where every atom in the universe is eventually turned into paperclips. At the moment, unless the coin changes, there is no "enough" GPUs for mining. More will always make more money per day. It's like a grey-goo runaway with graphics cards where there is no end in sight for gamers until these types of coins crash, or some specialised hardware becomes the miner of choice.

I don't think gamers would mind sharing GPUs with miners, but instead miners are coming in and scoffing the lot, leaving nothing for the gamers.

 

[Vince]

Yet another case of those who can making themselves better off and those who can't moaning about it.

Pretty much, I just love the totally biased and skewed views. At the end of the day if I can make £20 a day after electricity once I have had a few games of an evening you can be damn sure I will, mining and gaming do not need to be mutually exclusive as this thread suggests. Am I making it worse by buying an extra video card or two a month? Yep! Do I care? Nope...

 

[x-st]

I'm not a miner but when has any market ever worked on the principle of fair distribution? If someone wants to buy a GPU, be it for mining or otherwise, and the supply is limited it's always going to come down to whoever will pay more for it gets it.

Am I happy about it? Not really. Could I get in on the action? Yes, although I choose not to. Anyone who wants a gaming card at this moment should buy one and then just mine with it temporarily. Either get in on it or find an alternative. Although at the moment I'd probably speculate by buying crypto currency rather than investing in expensive cards.

I'd still like the prices to drop back down to normal though.

 

[DragonQ]

I wouln't want to buy a second hand GPU beasted at 100% for mining.

Is there any evidence that cards previously used for mining are any worse in terms of lifespan than cards used for gaming? I mean no-one seems to have had any issues with the X58 Xeon chips that flooded the used market a couple of years back, and most of those would've been in 24/7 servers for years.

So out of interest what happens if crypto currency stays booming for years? I'm guessing eventually the demand for minors will be met and prices lower?

Minors can't afford GPUs.

 

[Andrew_McP]

Minors can't afford GPUs.

As far as I can tell from the YouTube cryptoverse, minors with lambos is half the problem.

 

[Deleted member 87287]

.

 

[Cooper]

Pretty much, I just love the totally biased and skewed views. At the end of the day if I can make £20 a day after electricity once I have had a few games of an evening you can be damn sure I will, mining and gaming do not need to be mutually exclusive as this thread suggests. Am I making it worse by buying an extra video card or two a month? Yep! Do I care? Nope...

It's this kind of trash mentality that makes people want the whole thing to crash & burn and take people like you with it....

 

[orbitalwalsh]

havent been keeping an eye but seems so far OCUK pre-build systems haven't risen ?

 

[Vince]

It's this kind of trash mentality that makes people want the whole thing to crash & burn and take people like you with it....

People like me? What technology professionals that have lived and breathed it for the last 15 or more years and that have worked in the industry a lot longer? Personally I couldn't give a damn what you or anyone else thinks, ill spend my money where I want to spend my money, I deserve that right the same as you do, if that means a video card for you is more expensive then so be it, it is also more expensive for me. Am I selfish? Perhaps, but again that's the market we are in today and if it isn't me or somebody like me buying the cards it will be some other geek somewhere else in the world.

The funny thing is what do you think we lose if it crashes and burns? So I spent 40 quid on electricity this last month on top of my normal spend, that's not going to finish me. I spent what £500 on 3 gpu's this month, again not enough given resale values. Where do you think it's going to take me and others like me? Many of us were gamers long before being miners and are taking full advantage of an opportunity that was put before us, put simply the industry that we live daily offered us some extra cash on the side and you expect us to pass it up because people like yourself have a negative opinion?

 

[ljt]

Yet another case of those who can making themselves better off and those who can't moaning about it.

Was fedup with my money sat in the bank for the past decade earning nothing in interest, this is easy gains so why not.

It's got nothing to do with me disliking it because people are making money from it at all. It's the effect it is having on GPU availability and pricing I dislike.

As I've said previously, I'm not motivated by making money, especially to the detriment of one of my main hobbies.

Am I selfish? Perhaps, but again that's the market we are in today and if it isn't me or somebody like me buying the cards it will be some other geek somewhere else in the world.

put simply the industry that we live daily offered us some extra cash on the side and you expect us to pass it up because people like yourself have a negative opinion?

Just because there is an opportunity due to our capitalist market, doesn't mean it should be taken. I've got the option to start mining if I wish, but I can see the effect it is having on my hobby so choose not to be a part of the problem.

It also isn't just a "little extra cash on the side". You may start off with 1 or 2 cards you already owned to begin with, which end u paying for themselves, which then eventually start turning a profit. Instead of being content with that (at which point it has had no effect on GPU demand/price for everyone else) the greed kicks in and you think, if I just use my profits to buy another 1 or 2 GPU's this month, I'll make even more. Thus we end up with this situation we are in now.

 

[dafadau]

I personally think anyone spending a **** ton of money on a mining rig, without a thorough understanding of speculation and commodity/FX markets is waiting on a hiding - be careful!

Out of curiosity, why haven't the Titan Xp prices been pushed higher, like the 1080Ti?

 

[Azrael1]

The Titan XP can only be bought directly from EVGA ( unless in a system ofc ). EVGA also have a policy of 2 per an address last I looked.

 

[Baboonanza]

Because until the Titan Xp costs the same as a 1080 Ti miners would buy the latter rather than the former? Haven't checked prices though

 

[bru]

So out of interest what happens if crypto currency stays booming for years? I'm guessing eventually the demand for minors will be met and prices lower?

I suppose eventually the electricity suppliers will put prices up and if it was to keep going after that, it could get to the appocoliptical state that only the super rich could afford to have electricity, at which time even the home miners might wake up and realise just how mining has killed the planet, let alone the PC gaming industry.

 

[Sven Hassel]

All this just means I'll wring even longer out of my i7 920@4gig with its 980ti, only pity is I was going to build a shiney new rig and give the 920 one to my son...he'll just have to keep going with his core 2 duo and 570 gtx....just means you have to make the most of gear that you have now, that almost 10year old core 2 system runs quake live spot on...there is life without £900 gfx cards, even Alexi Sanches on a mear 500k a week wouldnt be buying graphics cards these days

 

[JediFragger]

Words from another etailer on thier social media page;

"It's interesting to see that some people assume that (we) are responsible for the high prices (eVGA 1080Ti FTW3) when it's Nvidia who have raised the price to evga and evga have raised the price to distribution then due to a worldwide shortage distribution have raised the price to us. All in all due to the mining community buying up all the stock..."

Well, doesn't that just shine a light on things...



edit - Additional comment;

"One distributor today tried to sell us 1080ti at £800 ex VAT

and was shocked we didn't buy them"

 

[henson0115]

Words from another etailer on thier social media page;

"It's interesting to see that some people assume that (we) are responsible for the high prices (eVGA 1080Ti FTW3) when it's Nvidia who have raised the price to evga and evga have raised the price to distribution then due to a worldwide shortage distribution have raised the price to us. All in all due to the mining community buying up all the stock..."

Well, doesn't that just shine a light on things...



edit - Additional comment;

"One distributor today tried to sell us 1080ti at £800 ex VAT

and was shocked we didn't buy them"

not convinced, easier to blame someone else.

 

[Kaapstad]

Words from another etailer on thier social media page;

"It's interesting to see that some people assume that (we) are responsible for the high prices (eVGA 1080Ti FTW3) when it's Nvidia who have raised the price to evga and evga have raised the price to distribution then due to a worldwide shortage distribution have raised the price to us. All in all due to the mining community buying up all the stock..."

Well, doesn't that just shine a light on things...



edit - Additional comment;

"One distributor today tried to sell us 1080ti at £800 ex VAT

and was shocked we didn't buy them"

Don't think so

NVidia are actually selling SW Titan Xp cards at a discount.

They are a lot cheaper than EVGA kingpin water cooled 1080 Ti cards and faster too !!!

 

[Scramz]

This is the housepricecrash thread for GPUs.

 

[Sasahara]

I think gamers wouldn't care if it wasn't doubling the price of GPUs and sucking all stock out of the market. It's like that "Paperclips" game where every atom in the universe is eventually turned into paperclips. At the moment, unless the coin changes, there is no "enough" GPUs for mining. More will always make more money per day. It's like a grey-goo runaway with graphics cards where there is no end in sight for gamers until these types of coins crash, or some specialised hardware becomes the miner of choice.

Not quite. For the most part there is a limited fixed number of alt coins that can be mined everyday. This means the total daily mineable value of world wide GPU mining will only go up and down due to the price of the coins/tokens changing, or new coins entering the market. Miners are effectively fighting over shares of this fixed amount using GPU power.

So the more GPUs that are put to mining the less value each one will mine. If you were to double the number of GPUs mining the return before costs would be halved.

So there will be a limit hit at some point where it becomes more expensive to mine or justify buying a new GPU for mining (personally I think it's too high now). That limit will be hit earlier in countries with higher electric costs.