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- Joined
- 7 Apr 2015
- Posts
- 105
His video is accurate and I agree it won't be until 2023 until things recover, irrelevant of what mining does.
But he is missing one major point.
Yes the demand is through the roof, but that demand is mostly down to greedy scalpers.
The simple fact is the scalpers have got so smart with their BOT's and scripts that anything that goes live gets bought up immediately and now no matter what we try seems to be futile.
A few examples, we put some 6700 XT live last week at MSRP, brand new product never seen before so its not like scripts/BOTs could have these stored, but the fact was they had sold out in an instant.
Even putting product in none graphic card sections and its an instant sell out.
When 3080 launched BTC and mining boom was not in the news, but the cards were been scalped from day one.
If we eradicate scalpers, the demand would drop massively, in fact its so bad I think nearly half the demand currently is literally scalpers, the reasoning is these people can make hundreds of pounds/dollars per SKU by selling on and you can bet they are not classing it as income and therefor not paying any taxes either. It has for many people become a huge revenue generator and as such they have BOTs and scripts written to buy absolutely anything that appears on any website in an instant meaning that regular gamers and even the miners stand little to no chance of actually buying a card.
So yes it could be worded that yes we are all the problem, but delete the scalpers from this equation and I think things would be vastly better.
The fact is the scalpers are scanning every webshop selling GPU's, everywhere worldwide creating instant sell out, its a worldwide issue that is causing sell out and the only cure is that supply can vastly improve or resellers try to do their best to prevent it, but its near impossible as even NVIDIA and AMD themselves cannot stop it and even sites like Amazon cannot stop it who have major IT infrastructure. I monitor a lot of FB pages and I see the same people selling cards on a regular basis, clearly just scalping.
Whilst the scalp market can still turn a profit, the demand is gonna be way beyond where it would normally be, mining can die tomorrow but the scalpers will keep buying whilst they can turn a profit. The only real cure is a massive uplift in supply, of course once lockdowns finally end then regular demand will reduce as people will start spending money on holidays, eating out again etc.
Are bots designed to search the web for keywords such as ‘3080’, ‘3070’ or the SKU? Would changing the description to something cryptic so the bots don’t see it (thinking quickly top of my head eg 0803XTR).
I have no clue about this stuff so sorry if this comes across as me trying to teach you how to suck eggs. I know it’s a lot more complicated than this
Evidently what ever you try I expect the bots will adapt to any changes.