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GPU prices go boom

willb1967 said:
Your point 3 is beyond my knowledge
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Bingo. You're just another sucker that sees buzzwords and thinks the guy is some disruptive visionary without actually thinking through the proposition.

The business proposition is "a digital storefront that lets you resell games". Crypto currency is completely irrelevant, you don't need blockchain to implement it at all.
 
mid_gen said:
Bingo. You're just another sucker that sees buzzwords and thinks the guy is some disruptive visionary without actually thinking through the proposition.

The business proposition is "a digital storefront that lets you resell games". Crypto currency is completely irrelevant, you don't need blockchain to implement it at all.
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Not sure why you're so disrespectful so I'll leave it at that as you have nothing to add to my counter arguments above.
Have a good weekend.
 
jesus, my two Gaming 1070Ti,s now up in price by £100 on here and got them for £420. then my vega 56 going for 630 on ebay- now hitting £700+ on there...

guessing if everyone is selling their coins with prices crashing , need people to process all those transactions
 
Is getting ridiculous. Will they ever go back to normal prices? I mean £900 for Vega 64 is just taking the ****.
 
The problem is there's no simple and hassle free way of separating miners from gaming customers just looking for a decent bang for buck GPU to game on.

They tried by introducing the mining specific cards with no IO, but from what I can see they aren't very popular, A) because they're way too expensive and B) because they have no resale value.

I'm not really sure how they can keep everyone happy, it's catch 22.
 
Telecaster said:
I'm not really sure how they can keep everyone happy, it's catch 22.
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Produce in enough volume to supply everyone? Sell as many as the miners will buy, everyone has stock for the gamers and retailers start competing on price instead of ripping gamers off because there's no pricing competition.

Or... what if AMD start producing their own ASIC style products? Half-a-dozen headless GPUs in a small box. A truly optimised mining only product that's far more attractive for mining various coins than the equivalent gaming cards. Like a small supercomputer in a box. If power and hashrate is significantly better, people are going to buy those at thousands of pounds a pop rather than the equivalent number of lower performing Vega cards. It would be more attractive than an ASIC because it would be GPU based and be able to mine different coins and even new ones as they came out.
 
Steampunk said:
Produce in enough volume to supply everyone? Sell as many as the miners will buy, everyone has stock for the gamers and retailers start competing on price instead of ripping gamers off because there's no pricing competition.

Or... what if AMD start producing their own ASIC style products? Half-a-dozen headless GPUs in a small box. A truly optimised mining only product that's far more attractive for mining various coins than the equivalent gaming cards. Like a small supercomputer in a box. If power and hashrate is significantly better, people are going to buy those at thousands of pounds a pop rather than the equivalent number of lower performing Vega cards. It would be more attractive than an ASIC because it would be GPU based and be able to mine different coins and even new ones as they came out.
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I think the problem is like previously mentioned, increasing supply to meet demand runs the risk of being left with a boat load of stock when the demand crashes, like happened before. Likewise with a mining specific product, if/when it all drops off they're left with something they can't sell.
 
Having been out of the loop somewhat, I just cottoned on to this news. What a bummer.

It's been brewing for years though. Between crypto currency, the rise of the Chinese PC gamer, the squeeze-out of everyone but Apple from semiconductor production, and the lack of any real competition between GPU manufacturers, gamers are really feeling the price now.

The only positive in all this is that the high prices are more likely to attract competition in time.
 
Very happy with my Vega 64 that I bought before Christmas in the excellent OCUK sale so I thought I would grab a Vega 56 for my brother as a nice little upgrade from his 480. Haven't checked gpu prices since I got my card before Christmas.

Let's have a look at the prices...

AAAAHHGH, my heart...

I think I'm suffering an acid flashback . . .
 
Trouble is with the idea of "produce enough volume" is for miners, there will never be enough.

Every card bought simply increases profit, space is the only limiting factor for a miner, so every GPU made in theory will be bought by a miner, whether small scale, or large industrial scale, as each new card will produce a ROI.

It's greed, pure and simple, it's the way society is geared today. It wouldn't be a problem if people were content with just using their existing single/dual GPU configurations for mining to make a modest amount of money and be content with it as a bit of bonus cash on the side, but they aren't. They want more and more, so keep buying up GPU's until there are none left.
 
Telecaster said:
I think the problem is like previously mentioned, increasing supply to meet demand runs the risk of being left with a boat load of stock when the demand crashes, like happened before. Likewise with a mining specific product, if/when it all drops off they're left with something they can't sell.
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I think if they start making a mini-supercomputer, not only could it be used for other things, AMD could create a new product line, like Epyc or Radeon Pro SSG to address a new market. It would be adaptable to new crypto-currencies, (a GPU not being as specialised as an ASIC) and it would be useful for any other high end calculations currently done on GPU farms.

At some point someone is going to have to decide if mining is here to stay and address that market as a new revenue stream, or decide that it isn't and get left behind when a competitor steals their lunch and creates that product, and subsequently owns that new market.

This moment in time reminds me of when AMD sold their phone chip divisions and IP to Qualcomm just before smartphones became the biggest thing ever.
 
The problem is that the real resource that is consumed by mining - electricity - cannot be effectively priced for the use case. Using electricity for a light bulb which produces useful light is priced in the exact same manner as a crypto miner that produces nothing useful at all. Anything being generated on renewable energy separate from the national infrastructure (i.e. a renewable source which is not made available to others for sale) is not wasted as it does not cost anything to others to produce beyond the set up (solar farm etc). As soon as electricity that is based on carbon transfer and is drawing from the national grid is wasted in the crypto ponzi scheme, it is lost at wholesale value. We can't control what electricity is used for and we can't tax differing use cases to reflect the genuine cost versus supply/demand. Without making crypto illegal and capturing them from accounts, or taxing transactions up the wazoo to make them unappealing, you are going to have to consider making the hardware used even less attractive - higher tax on your gpu! Bad times.
 
RavenXXX2 said:
Great to see overchargers uk getting in on the racket, nearly £300 for the 3gb 1060 lol.
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Blimey, I bought my MSI Quicksilver OC 1070 for £380 + a Ghost Recon Wildlands voucher, and now a 1060 6GB is £350...

Glad I bought it when I did. These prices are madness.
 
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