NVIDIA HAVE YOUR CAKE AND EAT IT - GPU PRICE CUTS AT OcUK!

[arknor]

The pound is around 15% weaker against the dollar than at the beginning of 2022.

all this currency conversion crap is utter rubbish excuses to price gouge.
It's always what they think the market will bear not based on real numbers. that's why we get ripped off for game prices etc and always have because we're seen as a rich country

 

[gpuerrilla]

Exactly, I personally wouldn't touch a mined on gpu no matter how well they were looked after and most are now out of warranty anyways or have been opened up and no warranty on them now too. As miners modded their cards as we know, especially for the 30 series with their hot vram issues as many found out when mining on them as that work load was never designed for with such vram modules and cooling for the vram.

Precisely, so this talk of a flood will barely affect people on this forum anyway. Its been unlikely people in the UK have been mining till the merge tomorrow because the electric prices have been way too high for months, the time they were getting rid of them was back in April. But lets see if Nostradamus is right.

 

[Frenzy]

Hm, we are a pretty small subset of the market on the forum. I think there will be a lot of uninformed people buying them, especially when they look up the performance figures online and then just go out and buy the cheapest version of whatever card they are interested in. Some won't mind the risk at all, some will take the risk due to price. I don't think we can properly speculate on what is going to happen. It's just a waiting game really.

 

[0h_no_not_again]

all this currency conversion crap is utter rubbish excuses to price gouge.
It's always what they think the market will bear not based on real numbers. that's why we get ripped off for game prices etc and always have because we're seen as a rich country

It really isn't rubbish. It may be overblown at times, but you buy stock in another currency, generally USD even if dealing with asia. If your currency falls, you can buy less stock for the same money.

I've had to deal with this with electronic components since the shortage started, i.e. both short supply with free market forces as well as the pound being weakened. It has been carnage for small businesses.

The one benefit of a free-ish market is the dozen large retailers that stock GPUs, so you can go to the cheapest one. If the value sentiment is no good for you, then don't buy. *shrug*

 

[Rob_B]

A "flood" of used GPUs onto the market (which WILL sell regardless of mining history) where the sellers are not replacing them with units purchased from retailers will apply a downward pressure on those retailers prices, I can't see it doing anything else. The level of the flood is obviously up for debate.

 

[BigBANGtheory]

It really isn't rubbish. It may be overblown at times, but you buy stock in another currency, generally USD even if dealing with asia. If your currency falls, you can buy less stock for the same money.

It mostly depends on who you are talking with in the supply chain. The retailer for example will be much more exposed to currency fluctuations.

Where it gets out of hand is people using it as a reason for price inflation when Nvidia seek profit margins in excess of 60%. There is simply no comparison and what consumers need is pressure on the GP where there is a balance of profitability and quality just as there is in other open market sectors. In closed markets like diamond production, and luxury goods they store and drip feed out product in order to artificially maintain price and profits, they create a demand and then charge you for it. Scalpers do the same its just shorter lived and at the end of the supply chain.

I think the main thing in all this is to be informed, be aware and don't help these companies and practices by erecting smoke and mirrors around the main driver which right now is margin because of supply and demand constraints. Margin, margin, margin its mostly about margin never forget that, other factors do exists sure Margin, margin & margin is by far the biggest.

 

[gpuerrilla]

Hm, we are a pretty small subset of the market on the forum.

It was actually pointing to the UK in general being a small subset of active miners. The floods are likely to be in regions where they have abundant mining operations not a kid with 7 GPU's in his bedroom. The wholesale price has been so high for so long all the rush to maximise money for dGPU was done at the start of the year. You cannot possibly think that people are mining right up to the merge and then decide to panic sell tomorrow? Particularly when new cards ar at MSRP and the value selling used right now is poor - when as we seen from this mining boom, those that held onto 470/80's, pascal or turing GPU's made bandit selling them for what they originally cost.

 

[Frenzy]

It was actually pointing to the UK in general being a small subset of active miners. The floods are likely to be in regions where they have abundant mining operations not a kid with 7 GPU's in his bedroom. The wholesale price has been so high for so long all the rush to maximise money for dGPU was done at the start of the year. You cannot possibly think that people are mining right up to the merge and then decide to panic sell tomorrow? Particularly when new cards ar at MSRP and the value selling used right now is poor - when as we seen from this mining boom, those that held onto 470/80's, pascal or turing GPU's made bandit selling them for what they originally cost.

Yep I have no idea what is going to happen.

 

[Tired9]

Hm, we are a pretty small subset of the market on the forum. I think there will be a lot of uninformed people buying them, especially when they look up the performance figures online and then just go out and buy the cheapest version of whatever card they are interested in. Some won't mind the risk at all, some will take the risk due to price. I don't think we can properly speculate on what is going to happen. It's just a waiting game really.

We are so small we barely even exist, more like 0.01%

 

[Mr G]

@Gibbo what's going on with these prices as they appear to be going up (OcUK)? Cheapest I can find now elsewhere is a 3080 TUF for £649, MSI 6800 XT Gaming Z Trio at £599? 3080 TUF now £669 after posting this.

 

[gpuerrilla]

Jensen's gamer friends tactic of 'manipulating the market' as he said in his interview recently, that's what!

 

[Mr G]

'Killing the market' for many of us.

 

[Darujhistan]

A definite generation skip for me. I basically got my 6700xt for free (by selling 3060ti to a miner), so i'm going to get a full three years gaming out of it. I never feel like when I upgrade every gen like it's really a big enough leap to justify a new card. I reckon for me every 4-5 years is about the sweet spot to upgrade at 1440p.

 

[Harlequin]

mining on ETH is over = no flood? gpu prices going up? oh does that mean that miners wernt the problem after all

 

[Tired9]

A definite generation skip for me. I basically got my 6700xt for free (by selling 3060ti to a miner), so i'm going to get a full three years gaming out of it. I never feel like when I upgrade every gen like it's really a big enough leap to justify a new card. I reckon for me every 4-5 years is about the sweet spot to upgrade at 1440p.

How is it free if you bought the 3060Ti?
I can tell you, we enjoyed massive jumps in the past between generations, the GTX 480 was almost completely 100% faster than the GTX 280.

It's not impossible to get such results now but that could be manipulation from the manufacturer, see if I sell a card under potential this gen, I can release cards that look to be way way away better than they are next gen, causing a mind share shift dynamic and growing a following.

That is how we see manipulation of peoples wallets.

They see a much bigger gain the next generation, they will likely cave and buy, especially if we short handed them on purpose last generation.

 

[Chuk_Chuk]

How is it free if you bought the 3060Ti?

He probably made enough money in selling the 3060ti to cover the cost

 

[Tired9]

He probably made enough money in selling the 3060ti to cover the cost

True, but it is still costing him LOL.

I made ten pounds on my 5700-XT sale and went to an RTX 2060 costing 50 pounds less than my final budget from the sale, my money is indeed in the green, but it still cost me, it was not free.

 

[gpuerrilla]

 

[Chuk_Chuk]

Edit: The picture loaded up late

 

[gpuerrilla]

Edit: The picture loaded up late

You moving goalposts too now?