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You weren't hoping to get your hands on a new AMD GPU were you? thats too bad, tuff luck
- Thread starter Grim5
- Start date
Hey.. speak for yourself!
At a "reasonable" price, I'd take just about anything!
+1
You guys do realise that since the 6600 XT launch we have shipped over 2000 of those now and still have stock, demand is still crazy even for the cards people seem to think nobody wants, the reality is sales are incredible and supply is still tight, what the guy is showing in the video is less than 1hr worth of stock if priced close to MSRP and maybe a day or two worth if priced higher.
Supply needs to improve 100 fold to get things back to normal.
Supply needs to improve 100 fold to get things back to normal.
This really does seem like small potatoes. Just the other day there was a story about a large mining operator having almost half a million 8GB RX 470s returned to them after a legal dispute.
https://www.tomshardware.com/uk/news/china-supreme-court-sides-genesis-mining-gpu-battle
It's not like losing those half a million cards even hurt them. They were without them for over two years and carried on business as usual, so imagine how many cards they must have total. Ultimately, the scalping retailers and bedroom setups are nothing in the face of the tens, if not hundreds of millions of cards being hoarded by these industrial-scale mining operations.
https://www.tomshardware.com/uk/news/china-supreme-court-sides-genesis-mining-gpu-battle
It's not like losing those half a million cards even hurt them. They were without them for over two years and carried on business as usual, so imagine how many cards they must have total. Ultimately, the scalping retailers and bedroom setups are nothing in the face of the tens, if not hundreds of millions of cards being hoarded by these industrial-scale mining operations.
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Don't get carried away. It is actually possible see the global hashrates of coins (and almost every GPU is on ETH as the others are just tiny in comparison - BTC is on ASICs and has been for years and years) and divide that by common GPU hashrates.
https://2miners.com/eth-network-hashrate
ETH is about 603 Th/s aka 603,000 Gh/s aka 603,000,000 Mh/s.
That is equivalent to just over 10 million 3060Ti's or about 20 million 480.
A crazy waste of resources and energy but nowhere near to hundreds of millions cards.
In energy terms (these figures from whattomine which AFAIK should involve some adjustments for hash/watt), that is either 1.3GW or 2.8GW. (World productions is around 21,000 TWh or 21,000,000 GWh.
Soldato
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- 14 Aug 2009
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A miner would buy those too, perhaps even increasing the production 10.000x or more. Only thing holding a miner back would be a) lack of money to buy the cards b) lack of storage/power to use them.
As long as mining is a thing, this won't stop. They will buy everything that can be produced.
AMD, nVIDIA and their partners won't bother to stop this as is bringing them too much easy money.
If Intel is profitable to mine, will be just the same.
AMD aren't exactly churning out GPUs this cycle, are they. Most of their manufacturing capacity is being used for other products.
Suspect the only reason there are some sat on shelves is the pricing being completely whacked, still. There's probably a limit to the number of people prepared to pay 1.5x RRP or more.
None of that has anything to do with or really gives any indication of how many cards these companies are hoarding. The almost half a million RX 470s mentioned in that post haven't been mining anything for the past two years. They've been locked up in a warehouse. So clearly they're not represented on that graph. That's almost half a million unaccounted for cards that have been completely out of circulation and the reach of "normal" users, representing one model only, owned by one company only. A company which wasn't affected at all by their absence. You're certainly not convincing me that those RX 470s represent a large percentage of the total number of cards owned by these operations.
Soldato
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Based on what videocardz.com reported it's a retailer specializes in building cryptominig rigs and cryptofarms.
I mean i get what Gibbo is saying, that supply needs to improve, but supply isn't helped when AIB's are shipping directly to retailers like the one featured in that video rather than places like OCUK.
When Foxeye has finished taming his Unicorn.