Anyone just given up on looking for a new GPU?

[Twinz]

The MSRP for all these cards is overpriced IMHO. I've never paid anything near £500 for any 3070 equivalent. The last card I bought was £251. Scary.

I think you are using the word "equivalent" to refer to what the card is called (the name on the box) rather than what it does. (the performance it provides)

The last card that offered equivalent *performance* to the 3070 cost $1200. (2080Ti)

I think the 3070 offered a proper generational performance improvement at the $500 (original retail) price point, but there's just too many people willing to pay way too much money right now, so the market drives up the price.

At over $1200, the 3070 offers little to nothing in the way of a generational upgrade.

 

[Gigapig]

I think you are using the word "equivalent" to refer to what the card is called (the name on the box) rather than what it does. (the performance it provides)

The last card that offered equivalent *performance* to the 3070 cost $1200. (2080Ti)

I think the 3070 offered a proper generational performance improvement at the $500 (original retail) price point, but there's just too many people willing to pay way too much money right now, so the market drives up the price.

At over $1200, the 3070 offers little to nothing in the way of a generational upgrade.

Thank you, yes I was referring to the '70' series in particular and the GTX 770.

 

[silversurfer]

Best thing you can do right now is not buy

I was thinking it could be interesting, the premium of gfx justifies some more interesting projects. Most obviously upgrading to the best cpu setup and all the components that surround the gfx. Maybe some inert gas cooled case or something fancy. If you dont buy the graphics, you could still be less silly and buy some premium goods elsewhere. Reasoning being the gfx premium could collapse, presumably it will as technology progresses maybe even supply catches up, ditto demand is somewhat false and can reverse flooding the market; however other items are more justified long term and less inflated. Buying an entire machine or console makes more sense now also

This is an old article but mining could move on from this sometime this year not sure - ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS (cointelegraph.com)

 

[Gigapig]

Hopefully the LHR versions of the nVidia cards will get things moving again.

 

[Grim5]

Hopefully the LHR versions of the nVidia cards will get things moving again.

Haha good dreams keep the hope

 

[Twinz]

Haha good dreams keep the hope

Mining was so profitable that graphics cards were just money-printing machines.

Profitability has dropped like a rock recently. If miners are looking for a market signal on when to cash-out, it probably looks a lot like this situation. (And sustained for some length of time)

I'm not convinced that just any tiny amount of daily profitablity will suffice for most miners, particularly when it comes to buying new cards. The money spent on graphics cards needs to have some chance of being recouped in a reasonable amount of time.

The hash rate limiter could very well make the amount of time required decidedly unreasonable.

 

[RBImGuy]

Hopefully the LHR versions of the nVidia cards will get things moving again.

when the mining market collapse and its not worth doing it for most, then it changes
making more cards and the market collapse isn't a good thing for either nvidia nor amd.
Nvidia knows that when they had tons of cards unsold suddenly last time

 

[Cyber-Mav]

Big miners wont stop. They in it for the long haul now being optimistic hoping crypto rises again.

 

[Robi_uk]

Those that have small rigs or the ones unable to continue without being able to take out regular reasonable pay outs to pay bills etc will be out of the game soon and start selling their cards. Also those gamer/miners will stop paying over the odds for GPUS as they can no longer recoup some of the costs via mining on the side for a reasonable time.
This should combine hopefully in lowering demand a bit and have more second-hand gpus available in turn reducing retail prices.

 

[MCFC_ANDY]

Big miners wont stop. They in it for the long haul now being optimistic hoping crypto rises again.

what will they mine after ETH though, i know there are coins out there, just wondering whats next for them, raven i presume?

 

[Cyber-Mav]

dodgey coin, raven, eth2.0, litecoin, and plenty more will probably turn up. those huge mining farms shown in yourtube vids have too much money sunk into them to give up.

 

[Steviepunk]

Even if existing miners carry on with what they have (and don't dump their cards on the 2nd hand market), do any of those coins have anything close to the value that would make miners want to invest further in their setup by buying more cards?

 

[Cyber-Mav]

If bitcoin value drops to like 10 grand then miners will struggle to break even with electricity costs
But as long as they can break even they will continue to mine in hopes that crypto rises again

 

[Twinz]

If bitcoin value drops to like 10 grand then miners will struggle to break even with electricity costs
But as long as they can break even they will continue to mine in hopes that crypto rises again

But they will probably be less inclined to buy *new* cards.

 

[Cyber-Mav]

But they will probably be less inclined to buy *new* cards.

true but not sure how miners do things. maybe they see gpus drop in price and just buy more and stay in it to win it in long run. either way with gpu shortage as it is now they can sell their current hardware for above msrp easy.

 

[Twinz]

true but not sure how miners do things. maybe they see gpus drop in price and just buy more and stay in it to win it in long run. either way with gpu shortage as it is now they can sell their current hardware for above msrp easy.

The market could become a fast-moving target though. It could have a lot of moving parts in the near future and I expect the crypto crowd to pay the most attention to what parts of the market move in what direction.

 

[Reality|Bites]

I feel a miners strike is on the cards, large picket line outside shouting scab!

 

[-Ad-]

It's funny reading all the chat with people assuming what miners will do. Sell this, mine this instead and other wild guesses.

The biggest issue is the damn scalpers. There's hundreds of pounds to be made on simple GPU sales to people stupid enough to buy them, who are also a critical part of the current situation.

 

[Twinz]

It's funny reading all the chat with people assuming what miners will do. Sell this, mine this instead and other wild guesses.

The biggest issue is the damn scalpers. There's hundreds of pounds to be made on simple GPU sales to people stupid enough to buy them, who are also a critical part of the current situation.

GPU profitability is tied to scalper prices. How much money is a money-printing machine worth?

Well it depends on how much money it can print in a given amount of time. The reason scalpers could make so much money off of GPU's is because miners can make so much *more money* than the price they paid to scalpers.

 

[Cyber-Mav]

I see scalpers having gtx 1660 up for like 550 quid for over a month. If it dont sell and there is a big bump in gpu availablity then scalpers will be hit hard and will have to sell at a loss