Are GPU prices ACTUALLY going to drop down again?

Megahurtz400

Megahurtz400

Megahurtz400

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Hey all,

Wanting to upgrade but obviously GPU & RAM prices are putting me off.

Realistically, are they going to drop that much in the next few months?

I don't NEED to upgrade, despite my system being 7-8 years old but would like new bits!

Do I just bite the bullet now and accept it, or wait until the summer and see how things go?
 
While mining has increased demands there are other factors that have increased the price too. So probably not, if they do it wont be to previous levels.

Wait for the new nvidia cards if you dont need to upgrade yet.
 
I'd say no, I don't think we will see GPU prices drop to a reasonable level within 2018.

The problem with crypto is when once starts to devalue another takes it's place. People will buy to mine regardless of it's value, if they know they can make their money back and a bit extra over a few months they will do it.

IIRC there was also problems with VRAM manufacturing which also caused a hold up.
 
Quite simply no. Your only chance is to wait for a Gibbo special deal but you dont get them now like you used to.
 
Gibbo has addressed this before. I don't know why people will expect prices to drop dramatically as a new precedent has been set.

Just like the rising costs of the latest iPhones, GPU buyers need to get used to the higher cost of entry for graphics cards.

If you are expecting to buy whatever the latest GTX xx70 series card is from Nvidia for anything less than £300 then you're in for a rude awakening. Expect xx70 series cards to be around £400+ from now on.
 
If people are paying these prices then why would it go down? perhaps if memory prices come down or mining takes a hit which i don't see happening anytime soon.
 
I think hardware manufacturers will do something about the situation, but that may well take a while. Samsung, I believe, are manufacturing a specialise chip for mining.

a66as said:
If people are paying these prices then why would it go down? perhaps if memory prices come down or mining takes a hit which i don't see happening anytime soon.
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The cryptocurrency market is highly volatile because the currencies only value is what people "think" they are worth. Not only that but part of the attraction of the currencies is that they are unregulated. Governments will not sit idle for long. Sooner or later they will insist on some form of regulation or they will start banning the currencies and trading altogether. Already some banks have started to ban certain trades because people who don't know what they are doing are landing themselves in terrible debt. So all in all the future of the currencies is uncertain. Who knows what will happen but I think you are probably right that we can't plan on anything happening soon.It will take time. There is more chance that the hardware manufacturers will resolve this sooner.

TallPaul1878 said:
Gibbo has addressed this before. I don't know why people will expect prices to drop dramatically as a new precedent has been set.

Just like the rising costs of the latest iPhones, GPU buyers need to get used to the higher cost of entry for graphics cards.

If you are expecting to buy whatever the latest GTX xx70 series card is from Nvidia for anything less than £300 then you're in for a rude awakening. Expect xx70 series cards to be around £400+ from now on.
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I very much doubt that. These companies know how much they can charge without hurting their business and right now the prices are hurting their business. Why do you think they are telling resellers not to sell to miners?
 
Pocah said:
I very much doubt that. These companies know how much they can charge without hurting their business and right now the prices are hurting their business. Why do you think they are telling resellers not to sell to miners?
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Crypto-mining seems to go through these phases depending on when the hash difficulty goes up a notch and makes most of these bedroom miners obsolete. Usually a new coin pops up and they all rush to that but I can't see that tactic going on forever. Eventually people will just see these trash coins as exactly that, trash.

There'll be a lull in crypto-mining at some stage, for sure, and we might see prices stabilize but I don't expect them to fall back to pre mining craze levels. I still think they'll have about £50 premium over equivalent last gen prices.
 
Megahurtz400 said:
Do I just bite the bullet now and accept it, or wait until the summer and see how things go?
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Wait for the new cards. There is usually a bit of a lull before miners adjust to the new situation and they're waiting for reports of which cards offer the best opportunities so get them while you can. Once they get the bit between their teeth you may as give up and wait for the next generation.
 
This mining stuff is nonsense, the amount of time it would take to profit from mining after buying the components would be a ridiculous amount of time. I've tried it and got board after 2 hours of mining for 5p, nuts to that! Probably spent 40p on Electricity in that period alone!!
 
Is it easy to make your money back with mining? Considering price of GPU and electricity consumption? I'd be half tempted to get a real good GPU for it but then would it have to be 24/7 mining with no gaming use to actually ever make money back?
 
mistersprinkles said:
I got my 1080 for MSRP back in December 2016. I could sell it for significantly more than I paid if I wanted to. That's sad and it's wrong.
Shame on the miners!
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The miners?

What about the system creators, the investors, criminal aspects.

The miners are feeding off the money that people are passing through the system.

If there was no one offering "real" money for virtual tokens there would be no attraction for people to mine. Their mining would produce tokens that no one would give them credible currency for.

The blame is on virtual currency being what it is.
 
Hotwired said:
The miners?

What about the system creators, the investors, criminal aspects.

The miners are feeding off the money that people are passing through the system.

If there was no one offering "real" money for virtual tokens there would be no attraction for people to mine. Their mining would produce tokens that no one would give them credible currency for.

The blame is on virtual currency being what it is.
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Evil will always exist in the world. Evil is what it is. Evil created bitcoin, and greed and often delusion drive people to mine. I'm mad at those people though because they have driven GPU prices sky high.
As far as bitcoin and other crypto is concerned, I think that a lot of people who believe in it are delusional idiot neo-hippies with no concept of how the world works. They say that Crypto can replace real world currencies. Ridiculous. Bitcoin has fluctuated so much that the same amount of bitcoin that bought a man two large pizzas six years ago is now worth about $200 million USD. Imagine if the pound or the euro or the dollar did that? Can you imagine the devastation?

People are idiots. Some people are evil. Some people are both evil and idiots at the same time. Crypto is bad, miners are bad.
 
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