RX 6700 XT - Is supply getting to UK?

[Rroff]

If Asus, Asrock or any other AIB says normally makes 1000 cards per day which is say 80-90% of their production capacity and in order to cover their cost of production they sell the cards at say 5% margin to a distributor/reseller.

Now all of a sudden their daily production is just 200-250 cards per day due to shortages, but their running cost are the same as when their production lines were running at 80-90% so all of a sudden their running cost have not reduced but their production rates are massively down.

What does the AIB need to do in order to ensure they can cover their cost?

Yes you guessed it, increase their profits to prevent operating at a loss..........................................................................................

While there are component shortages and I can only speculate I think the AIBs are trying it on here - nVidia sold nearly 9 million cores to AIBs in Q4 2020 and had sold twice as many cores to AIBs from launch to the end of that period compared to Turing in the same time span. While despite AIBs claiming shortages mysteriously mining farms are showing up with individually 100+ 3070s and dozens of 3080s, etc. all with the same AIB boxes. Smells to me like 70-75% of stock is never making it to retail channels while the AIBs talk shortages to drive retail prices up.

I can only speculate here but when things like pictures emerge of a grower of certain plants has swapped the space to a mining farm because it is more profitable, etc. and is full of rack after rack of identical GPU models from Asus, EVGA, etc. that gamers are still waiting to get their hands on from launch pre-orders (and supply/sales from retailers which were publishing numbers didn't even have that kind of quantity) it leaves me high sceptical of the talk of shortages from AIBs and don't find credible they managed to source that via the use of bots.

 

[ScottiB]

If you've seen a quarters worth of stock arrive this month, then how can it be supply issue? (In that they're a 10th/5th supply)

AMD dropped a load of stock a few weeks ago. We'd been waiting four, dry, months for it! Having to source high priced stock from the grey channel. Which is why Gibbo was able to drop the price again recently. However, these drops are few and far between so whilst 'supply' for the end user is ok NOW, it could dry up again fast.

Intel are in a similar position, having dropped a load of stock a few weeks ago following 11th gen launch but informing us that this stock is all that's coming through for the entire quarter.

 

[ScottiB]

So AMD are able to supply you their MBA cards but not the AMD UK store? Wtf is going on.

They have a small number of MBA cards at local distribution for special projects. The distributor can't deal with end users direct and cards are only issued based on case but case approval from AMD. Getting a bit of stock into a distributor who also handles the majority of your CPU business and can do all the paperwork is easy. Dealing with thousands of end users and potentially hundreds of returns, is definitely not.

Unlike Nvidia who use our friends on Bolton as a fulfilment centre, the AMD store uses an overseas fulfillment centre. Hence the issues.

 

[Sarge2255]

While there are component shortages and I can only speculate I think the AIBs are trying it on here - nVidia sold nearly 9 million cores to AIBs in Q4 2020 and had sold twice as many cores to AIBs from launch to the end of that period compared to Turing in the same time span. While despite AIBs claiming shortages mysteriously mining farms are showing up with individually 100+ 3070s and dozens of 3080s, etc. all with the same AIB boxes. Smells to me like 70-75% of stock is never making it to retail channels while the AIBs talk shortages to drive retail prices up.

I can only speculate here but when things like pictures emerge of a grower of certain plants has swapped the space to a mining farm because it is more profitable, etc. and is full of rack after rack of identical GPU models from Asus, EVGA, etc. that gamers are still waiting to get their hands on from launch pre-orders (and supply/sales from retailers which were publishing numbers didn't even have that kind of quantity) it leaves me high sceptical of the talk of shortages from AIBs and don't find credible they managed to source that via the use of bots.

Mining is finished! I said once lockdown starts to end it will also slowly start to end. China have banned it and US is fighting it for taxes. Meanwhile UK has high energy rates so just a matter of months before those GPUs start listing on sites . Ether is also done!

These excessively high gpu rates will be highly controversial..Also with LHR cards coming out, we would expect prices for 3080s and 3090s to at least go back to £700 3080s and 3090s £1400.

 

[MCFC_ANDY]

Mining is finished! I said once lockdown starts to end it will also slowly start to end. China have banned it and US is fighting it for taxes. Meanwhile UK has high energy rates so just a matter of months before those GPUs start listing on sites . Ether is also done!

These excessively high gpu rates will be highly controversial..Also with LHR cards coming out, we would expect prices for 3080s and 3090s to at least go back to £700 3080s and 3090s £1400.

have to correct you there, but china hasnt banned mining at all, and from what i understand its more bark than bite,

 

[Sarge2255]

have to correct you there, but china hasnt banned mining at all, and from what i understand its more bark than bite,

My mistake not to explain,China banned cryptocurrency and is cracking down on cryptocurrency.

No bad feeling towards miners, just saying that it doesn't look good rn.

 

[MCFC_ANDY]

My mistake not to explain,China banned cryptocurrency and is cracking down on cryptocurrency.

No bad feeling towards miners, just saying that it doesn't look good rn.

im not really a miner, just doing while theres a gpu shortage, my vega not cutting it any more in games. this will be my last mining session anyway, around 2weeks to wait for my payout

 

[gpuerrilla]

Miners have been there before, will be there again. You are correct to highlight the ETH observation, however all this may mean is another PoW token takes over from it and people just mine that instead. If that happens, nothing much has changed.

nvidia have had ten years to LHR their cards. They are taking gamers for mugs.

One thing that is the red herring, when as you say the prices of 30 series cards go back to £700 etc.. there will be new refreshes of said cards out, do you not recall the Supers? Then on the horizon will be creeping the hopper cards and RDNA3 which will lead us back to the build up hype, all these 'gamers' will go back in the woodwork after frothing over cards for past 18 months and be part of the Steam Hardware Survey of 1080p games that stick around for 5 years as they will not need to upgrade.

 

[ASMB]

One thing that is the red herring, when as you say the prices of 30 series cards go back to £700 etc.. there will be new refreshes of said cards out, do you not recall the Supers? Then on the horizon will be creeping the hopper cards and RDNA3 which will lead us back to the build up hype, all these 'gamers' will go back in the woodwork after frothing over cards for past 18 months and be part of the Steam Hardware Survey of 1080p games that stick around for 5 years as they will not need to upgrade.

If Radeon 7000 is around the corner before prices are back to normal I will wait for a 7800

 

[gpuerrilla]

If Radeon 7000 is around the corner before prices are back to normal I will wait for a 7800

Judging by the big tech companies greasing the wheel saying that the shortage of chips means low yields for another year.. I think both companies wont be out of the gate come september 2022 like they normally do. If you can get by though, it makes no sense to pick up an Ampere over one year into its lifecycle especially at double its RRP.

I also think the craze has manifested through a combination of factors, you wont see the same volume of people wanting to upgrade in a years time. A zerg of gen-Z people wanting PC coupled with the pandemic (must stay at home) would have been a huge influx of people seeking hardware.

 

[Gerard]

While there are component shortages and I can only speculate I think the AIBs are trying it on here - nVidia sold nearly 9 million cores to AIBs in Q4 2020 and had sold twice as many cores to AIBs from launch to the end of that period compared to Turing in the same time span. While despite AIBs claiming shortages mysteriously mining farms are showing up with individually 100+ 3070s and dozens of 3080s, etc. all with the same AIB boxes. Smells to me like 70-75% of stock is never making it to retail channels while the AIBs talk shortages to drive retail prices up.

I can only speculate here but when things like pictures emerge of a grower of certain plants has swapped the space to a mining farm because it is more profitable, etc. and is full of rack after rack of identical GPU models from Asus, EVGA, etc. that gamers are still waiting to get their hands on from launch pre-orders (and supply/sales from retailers which were publishing numbers didn't even have that kind of quantity) it leaves me high sceptical of the talk of shortages from AIBs and don't find credible they managed to source that via the use of bots.

It probably is the aibs screwing everyone over, as you mentioned its virtually impossible to get a couple of the same card let alone dozens of them. Yet somehow or other miners seem to manage this feat on a regular basis and have setups with matching gpus all over the show.

Then the aibs cry poverty and need to raise their prices while all the while they're obviously making a load from selling pallet loads of cards to miners. I'd love to see this investigated and see what exactly is going on, the liklihood is if it ever was a lot of aibs would be getting outed badly.

 

[gpuerrilla]

Back on release, it was the AIBs who were getting screwed over by nvidia. There has to be more transparency to make out what and why. It could be as simple as once the honeymoon date ended, the AIBs could sell for what they like so they just jacked it up for being screwed by Nvidia in the first place.

 

[Rroff]

It probably is the aibs screwing everyone over, as you mentioned its virtually impossible to get a couple of the same card let alone dozens of them. Yet somehow or other miners seem to manage this feat on a regular basis and have setups with matching gpus all over the show.

Then the aibs cry poverty and need to raise their prices while all the while they're obviously making a load from selling pallet loads of cards to miners. I'd love to see this investigated and see what exactly is going on, the liklihood is if it ever was a lot of aibs would be getting outed badly.

Something doesn't add up when you see some of the pictures put on on Reddit and Twitter, etc. I can't say what is going on but the quantities and models fly in the face of the kind of quantities and models retailers are talking about getting their hands on directly or indirectly - so I refuse to believe that they were getting their hands on dozens of the same model via bots.

 

[gpuerrilla]

Agree. Also there are plenty of miners who cant source any either. What your describing @Gerard is supply chain shenanigans - so limiting units to joe public isnt making much of an impact (have to stop it further up the chain).

 

[Gerard]

Back on release, it was the AIBs who were getting screwed over by nvidia. There has to be more transparency to make out what and why. It could be as simple as once the honeymoon date ended, the AIBs could sell for what they like so they just jacked it up for being screwed by Nvidia in the first place.

It's all very cloak and dagger to say the least, it really does need looked into to see just wtf is going on, but most likely it'll be forgotten about once shortages get stamped out and prices fall.

Something doesn't add up when you see some of the pictures put on on Reddit and Twitter, etc. I can't say what is going on but the quantities and models fly in the face of the kind of quantities and models retailers are talking about getting their hands on directly or indirectly - so I refuse to believe that they were getting their hands on dozens of the same model via bots.

I would just go with the pallet theory, it makes the most sense vs bots somehow managing to grab 30+ asus strix cards or whatever. Bots aren't even a sure fire way to get them either so it's even less likely that they were used,

 

[gpuerrilla]

I would just go with the pallet theory, it makes the most sense vs bots somehow managing to grab 30+ asus strix cards or whatever. Bots aren't even a sure fire way to get them either so it's even less likely that they were used,

I would believe there are times where a pallet goes missing. They write off on insurance claim, but the thief disposes fast and in bulk. This is what makes it to the 'miners'.

 

[Gerard]

I would believe there are times where a pallet goes missing. They write off on insurance claim whilst the staff from the aib help load it into the back of the miners truck

ftfy

 

[Rroff]

ftfy

Wouldn't surprise me - I've heard from friends who work in high street retail that there have been people approached to try and bulk buy stock outside normal channels and we've had the odd person come to the back door at work offering silly money if we could give them pallets of in demand stuff like consoles - they aren't ours to sell to them anyhow but wouldn't surprise me if stuff goes on elsewhere.

 

[gpuerrilla]

ftfy

Haha, well its definitely happened thats for sure! People dont realise how in demand these items are, I reckon say four pallets were dispatched from Frankfurt to Gibbo, by the time it reached OcUK warehouse at the minimum single figure units have disappeared. Then there will be times one or two of the pallets never make it.

Would love to hear the real stories going on as this type of activity is common place unless its chipped and taken over by G4S security lol.

 

[Rroff]

Haha, well its definitely happened thats for sure! People dont realise how in demand these items are, I reckon say four pallets were dispatched from Frankfurt to Gibbo, by the time it reached OcUK warehouse at the minimum single figure units have disappeared. Then there will be times one or two of the pallets never make it.

Would love to hear the real stories going on as this type of activity is common place unless its chipped and taken over by G4S security lol.

Dunno about OcUK but it used to be shrink wrapped and 4 or 5 GPUs to a plain box on a pallet so not easy for the odd one to go missing in transit. But not unheard of, though rare, for an entire pallet to somehow go "missing".