GPU PRICES: SOME BIG DROPS AT OcUK!!!

RavenXXX2 · 26 Mar 2018 at 21:14

Loads of RX 570/580s on ebay. Retailers are gonna have to go lower now miners have dumped AMD and gamers buy Nvidia.

C-Roy · 27 Mar 2018 at 07:33

RavenXXX2 said:
Loads of RX 570/580s on ebay. Retailers are gonna have to go lower now miners have dumped AMD and gamers buy Nvidia.

Haven't been paying attention has mining dropped once more?

fastboy · 27 Mar 2018 at 08:57

so the demand for cards has dropped somewhat and the shops are now realising they cant sell high to miners so they drop the prices so us 2nd rate casual gamers can now afford them again..how nice of them,but sorry..you made your bed with high price gouging and didn't give 2 hoots about the gamers,now all of a sudden we are your best friends?

no thanks.

DarrenM343 · 27 Mar 2018 at 09:08

C-Roy said:
Haven't been paying attention has mining dropped once more?

Yes, miners at least using GPU's and based in the UK are hardly making much £ to bother about, after electricity costs, and that's not including paying off the cost of the cards that some have bought in the last 3-4 months specifically for mining.. They might as well power down and just drip feed monthly £ into crypto if theyre expecting prices to rise.

Yesterday I pointed my PC at one easy to use mining facility just to see how the returns were looking and 2x 1070 Ti's + 1x 1950X = £2.06 a day it was estimating (without costs deducted!). I'm sure it's possible to make more than that but how much time do people have to keep optimising for minimal profits?

pagepack · 27 Mar 2018 at 09:09

Do any other electrical retailers apart from those in the PC industry add 40% or whatever when demand is high?

Steampunk · 27 Mar 2018 at 09:30

pagepack said:
Do any other electrical retailers apart from those in the PC industry add 40% or whatever when demand is high?

There's only two players in GPUs, and they can only make what they've contracted to at the fabs owned by a few other companies. We've never seen a situation where TV, fridges, or anything else have been so constrained or being all bought up by some particular section of the populace. It's all been a bit of a bizarre situation that supply has been so much lower than demand, and so the retailers who have managed to get stock have price gouged. That's okay for the miners who will pay anything, but it's left regular gamers out in the cold.

Just don't buy until the prices are sensible, or else you help normalise the new, higher prices, and none of us want that.

Gzero · 27 Mar 2018 at 09:44

Steampunk said:
There's only two players in GPUs, and they can only make what they've contracted to at the fabs owned by a few other companies. We've never seen a situation where TV, fridges, or anything else have been so constrained or being all bought up by some particular section of the populace. It's all been a bit of a bizarre situation that supply has been so much lower than demand, and so the retailers who have managed to get stock have price gouged. That's okay for the miners who will pay anything, but it's left regular gamers out in the cold.

Just don't buy until the prices are sensible, or else you help normalise the new, higher prices, and none of us want that.

Nintendo. Anything Nintendo.

Mini's, Wii's, WiiU's, Switches. All of them have had this issue.

pagepack · 27 Mar 2018 at 09:53

Steampunk said:
There's only two players in GPUs, and they can only make what they've contracted to at the fabs owned by a few other companies. We've never seen a situation where TV, fridges, or anything else have been so constrained or being all bought up by some particular section of the populace. It's all been a bit of a bizarre situation that supply has been so much lower than demand, and so the retailers who have managed to get stock have price gouged. That's okay for the miners who will pay anything, but it's left regular gamers out in the cold.

Just don't buy until the prices are sensible, or else you help normalise the new, higher prices, and none of us want that.

I would agree if the GPU manufacturers are selling to retailers at a massively inflated price, from what I know, they are not. So the fact that there are only two GPU manufactures is completely irrelevant if they are suppling at or near MRRP, minus retailer profit, only for the retailer to add 30/40% simply because they can.

C-Roy · 27 Mar 2018 at 11:03

DarrenM343 said:
Yes, miners at least using GPU's and based in the UK are hardly making much £ to bother about, after electricity costs, and that's not including paying off the cost of the cards that some have bought in the last 3-4 months specifically for mining.. They might as well power down and just drip feed monthly £ into crypto if theyre expecting prices to rise.

Yesterday I pointed my PC at one easy to use mining facility just to see how the returns were looking and 2x 1070 Ti's + 1x 1950X = £2.06 a day it was estimating (without costs deducted!). I'm sure it's possible to make more than that but how much time do people have to keep optimising for minimal profits?

interesting thanks for the info.

Steampunk · 27 Mar 2018 at 11:03

pagepack said:
I would agree if the GPU manufacturers are selling to retailers at a massively inflated price, from what I know, they are not. So the fact that there are only two GPU manufactures is completely irrelevant if they are suppling at or near MRRP, minus retailer profit, only for the retailer to add 30/40% simply because they can.

Because demand is outstripping supply. If there were another three or four GPU manufacturers who had no problems with supply or who's products were unattractive to miners, we'd be buying those instead. Retailers are price gouging because the miners will pay those prices and buy GPUs by the pallet load. That's only the case because there aren't enough GPUs to go around.

pagepack · 27 Mar 2018 at 11:20

Steampunk said:
Because demand is outstripping supply. If there were another three or four GPU manufacturers who had no problems with supply or who's products were unattractive to miners, we'd be buying those instead. Retailers are price gouging because the miners will pay those prices and buy GPUs by the pallet load. That's only the case because there aren't enough GPUs to go around.

Of course, but my point is if supply of say chocolate to Tesco is in short supply due to huge demand. Does Tesco double the price of chocolate which they are still sourcing at the original price so they can make a fat profit? I would say no, spectacular price gouging by retailers is not the norm. Unless of course you look at the PC industry.

BubbySoup · 27 Mar 2018 at 11:45

pagepack said:
Of course, but my point is if supply of say chocolate to Tesco is in short supply due to huge demand. Does Tesco double the price of chocolate which they are still sourcing at the original price so they can make a fat profit? I would say no, spectacular price gouging by retailers is not the norm. Unless of course you look at the PC industry.

Happens exactly as you've said;

https://www.independent.co.uk/life-...tesco-asda-sainsburys-morrisons-a8086636.html

r22snapper · 27 Mar 2018 at 11:47

pagepack said:
Of course, but my point is if supply of say chocolate to Tesco is in short supply due to huge demand. Does Tesco double the price of chocolate which they are still sourcing at the original price so they can make a fat profit? I would say no, spectacular price gouging by retailers is not the norm. Unless of course you look at the PC industry.

If you were Cadburys and people were coming to you directly, offering double the price for your chocolate, how much would you sell to Tescos at the original price? Honestly people are such babies nowadays, prices have been high since what, September ish? 5 months of high prices and everyone is losing their mind!

bigmike20vt · 27 Mar 2018 at 11:55

I never thought i would say this about a GTX 1080ti at £750 but.... they are some very good prices and have got me tempted!!! (just 50 quid more off and it will be the point i said i would jump in on, but that was before i got a 4k tv, the itch is strong now).

that inno 3D at £750.. is that boost clock right because it looks exactly the same as the premium version at 20 quid more

(sorry if i am being dumb)

Steampunk · 27 Mar 2018 at 11:58

pagepack said:
Of course, but my point is if supply of say chocolate to Tesco is in short supply due to huge demand. Does Tesco double the price of chocolate which they are still sourcing at the original price so they can make a fat profit? I would say no, spectacular price gouging by retailers is not the norm. Unless of course you look at the PC industry.

They would if there was no where else you could go to get chocolate, and everywhere else who had a little supply jacked up the prices. They may not directly collude, but they all watch each other and raise prices together. Electrical companies seem to do the same and track prices to match those on Amazon.

pagepack · 27 Mar 2018 at 12:03

BubbySoup said:
Happens exactly as you've said;

https://www.independent.co.uk/life-...tesco-asda-sainsburys-morrisons-a8086636.html

The difference is a major ingredient of the product, butter, had risen steeply in price. Which in turn had affected the price which the retailer buys at, which will affect the price a retailer sells at to make a profit. GPU ram prices rising is similar, we can all understand that. Naked profiteering by a retailer is slightly different.

bigmike20vt · 27 Mar 2018 at 12:07

rightly or wrongly it is the way of the world...... imagine if Overclockers had 100 gpus in stock then all of a sudden the ass fell out of the market, and competitors were getting in cheaper stock and selling for less than ocuk got them in for? we would not happily pay more because OC got a bum deal.........
OTOH if OCUK have 100 units in but with 1000 people looking to buy, of course they are gonna put prices up a bit.. supply and demand. indeed imo they are to be congratulated imo as they are still undercutting everyone else (cheapest i can find instock elsewhere is ****** who are charging 50 quid more for what looks to me a lesser card. (the palit one at reference speeds)

edit LOL at rival store hitting the swear filter. sorry if i broke a rule!.

pagepack · 27 Mar 2018 at 12:22

bigmike20vt said:
rightly or wrongly it is the way of the world...... imagine if Overclockers had 100 gpus in stock then all of a sudden the ass fell out of the market, and competitors were getting in cheaper stock and selling for less than ocuk got them in for? we would not happily pay more because OC got a bum deal.........
OTOH if OCUK have 100 units in but with 1000 people looking to buy, of course they are gonna put prices up a bit.. supply and demand. indeed imo they are to be congratulated imo as they are still undercutting everyone else (cheapest i can find instock elsewhere is ****** who are charging 50 quid more for what looks to me a lesser card. (the palit one at reference speeds)

edit LOL at rival store hitting the swear filter. sorry if i broke a rule!.

I would have more respect for any retailer that would be prepared to make their normal profit on top of what they pay wholesale. GPU price gouging is no different that ticket touts selling a 50 quid ticket for £300, because they can. I don't see many folk defending ticket touts.

bigmike20vt · 27 Mar 2018 at 12:31

pagepack said:
I would have more respect for any retailer that would be prepared to make their normal profit on top of what they pay wholesale. GPU price gouging is no different that ticket touts selling a 50 quid ticket for £300, because they can. I don't see many folk defending ticket touts.

in which case vote with your wallet and only buy direct from nvidia when they come in stock, but it will mean boycotting a LOT of stores - basically every single one of them who have stock!.
you may have a long wait (I have been looking at their site on and off for some time hoping to get lucky

PapaLazaru · 27 Mar 2018 at 12:41

pagepack said:
I would have more respect for any retailer that would be prepared to make their normal profit on top of what they pay wholesale. GPU price gouging is no different that ticket touts selling a 50 quid ticket for £300, because they can. I don't see many folk defending ticket touts.

But if you were in the same position you would have done it yourself. High demand and low stock means higher prices. it always has and always will be this way, it really is basic economics.

So much self-entitlement in here.