Hows your scalping going ?
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When the Gpu's prices will go down ?
- Thread starter sys6em
- Start date
EH, i must have missed the memo on that one, as who the hell been buying all these gpu's by the pallet load, oh i know must be gamers
oh you mean the ones that are 5 years old - RX 580`s? Those pallet load? Bless you.
I've been watching eBay for probably when this started and I see many used cards now being sold single sellers selling multiple cards don't need to be a genius
Also in few mining channels , and amazed the amount of home miners posting rigs they have and now selling up
Even some smaller ones like 5-10 card rigs it all adds up , unlike gamers that just need 1 card
scalping / mining all played a part , some of these miners over paid thinking they could ROI and haven't
I'm not the one gaslighting people trying to tell them that the sky isn't blue. I'm not quite sure what you're trying to gain from this. Or are you really that delusional to think that scalpers sold GPUs at 400% RRP to gamers?
The price of GPUs over the past 20 months follows the price of Ethereum in every chart imaginable. Your only evidence against it is some unknown event that hardly anyone heard of and the people that did and could actually make a difference didn't bother to participate because everybody knows that GPU mining is only worth it for Ethereum and absolutely nothing else.
yup you have no clue at all about crypto and simply jumping on the `blame the miners herp derp` bandwagon. You really are delusional if you think that scalping didnt play a massive part when demand massively outstripped supply ; as it will again by xmas with the 4000 series, which will be unobtanium. Where is the flood of gpu`s then? (heres a clue, it doesnt exist) or is it simply that supply now outstrips demand and msrp has been reached and yourself like the other scalpers - has made their money and are waiting for the next round.
Can go in circles all day who played the most part why has demand caught up ? Is it because all the gamers have cards now or mining bubble has burst ?
For me overall would say miners , gamers only need one card while each miner has multiple cards
Amazing being in channels and miners posting rigs so many cards even home miners with 5-10 cards to me is a lot just for single person
Soldato
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Its tough luck if your one of the chumps buying up expensive GPU's and now panicking. The thing is the mining baloney has been spouted for too long. It was applicable many months back, but the electric costs have been creeping up for ages. We have seen with the lack of saturation there were not that many bedroom or garage miners that people thought there were. If you think this past month was an indicator your completely off mark by half a year.
Any miner with half a brain would have been exiting back in December recouping value of the GPU while it was still high. Most gamers will have cards already, as you can see on the markets right now nobody is buying even at the normal prices brand new with full warranty, it is also near to another gen launch.
Any miner with half a brain would have been exiting back in December recouping value of the GPU while it was still high. Most gamers will have cards already, as you can see on the markets right now nobody is buying even at the normal prices brand new with full warranty, it is also near to another gen launch.
There has been a fine handed out for hiding the amount of gpus sold to miners.
"Nvidia allegedly misled its shareholders by reporting a significant increase in sales from its “gaming” division, but not disclosing how many of the products sold were sold to crypto miners. So the group hid how much of the reported success was due to the highly fluctuating crypto market. Specifically, it concerns Nvidia’s business figures for the fiscal year 2018. According to the SEC, in 2017, whose sales were reported in 2018, Nvidia saw a huge increase in sales from the sale of products used for “mining” cryptocurrencies. At that time, Ethereum mining was particularly rewarding, which is one of the reasons for the persistent bottlenecks in graphics card availability and skyrocketing prices to this day."
Nvidia Fined For Selling Graphic Cards To Crypto miners – Research Snipers
Nvidia has been fined nearly $6 million for illegally hiding the number of graphics cards...
researchsnipers.com
Sounds like a slap on the wrist.
Soldato
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The flood has has just started
Miners are dumping GPUs via livestreamed auctions
What started as a trickle is becoming a flood.
Soldato
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That was the last bull run lol. 2017. The companies have been doing it for years - you have only just opened your eyes and scratched the surface!
You do realise your best mate Jensen looked out for his gamer mates (eventually) by releasing LHR cards?
Pity it was a year too late so he could still shift plenty of them to miners in time. 
Last edited:
Soldato
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Hang on was he a confessed scalper with the gall to complain about miners?
Associate
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well, the prices seem to be going down every day. I keep my eye on a Zotac 3080 with 12 gb and they're now down to £799. If it goes to about £700 I might just pull the plug and get it. Still rocking a Zotac 1080 I bought in 2016 for £620. It would be a nice upgrade, surely
Takeaways:
- If you have a card, sell now to beat the industrial miner offload
- If you are in the market for a used card, wait (then buy the best price/performance card e.g. 3060ti/6700xt)
- If you are hoping for better price-performance in the high-end with Ada/RDNA3, I have a $500k derelict house that's sinking in the ground to sell you
- Bonus tip: save your cash 'cause there's pain in the mail
I kept record 3 months ago 6800xt prices and they've dropped fair chunk in short period time. A Sapphire Radeon RX 6800 XT NITRO was £1099.99 now £818.99 & Gigabyte Radeon RX 6800 XT £1049.99 now £659.99 so quite a drop but may not be low enough for some - including me.
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Reality is returning.. it's been a ride.
All I would as is never sell your products for peanuts because of fear.
Need to remember that these GPUs are products and will definitely not drop past a resonable point. If you see something you like, snap it up asap. If you are waiting, thinking prices will drop to £300 or something silly , then you are dreaming.
Need to remember that these GPUs are products and will definitely not drop past a resonable point. If you see something you like, snap it up asap. If you are waiting, thinking prices will drop to £300 or something silly , then you are dreaming.
Obviously drop to £300 is very unlikely and that is price you have mentioned not me. Another 30% is not out of the question but it all comes down to stock. If they overproduced during the boom they will need to sell at price to reflect a lack of demand in market. Unless, they've all made so much profit they can affprd destroy stock or dump in landfill.