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

Harlequin said:
mining on ETH is over = no flood?
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Suppose there is a flood, how long do you assume it takes for that to happen, are we assuming it would be overnight?

I do like the concrete stances people have on the matter, there can't be a flood as I say so, or the opposite, of course there will be a flood there is no more mining. Both parties look as stupid as each other.
 
I was lucky to get my 3090 at £1350 in Oct 2020 it's been great. I will donate it to a good cause (already decided!) when I can get a 4090. I am guessing £1799 at launch. I got a 3070 in Oct 2020 as well for £610, I will assume a replacement for this will be a bit more.
 
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I think a lot of people are going to be shocked when 4090 is released, i see it at around the original 3090 price, £1450ish, no way it should be more, even if it is twice as powerful, people ait got the money, and mining is over for most people.
 
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Journey said:
Suppose there is a flood, how long do you assume it takes for that to happen, are we assuming it would be overnight?
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Where have you been for the past 12 months? On the GPU forum and the crypto one its often posted and why its highlighted. Its a can that's been kicked down the road for ages and like a broken clock its going to eventually be right. By definition in this context when they say flood they mean so many you cant buy them all up and thus going for very little. The flood implies like the rain too much over a short period of time. Whereas in the UK we have seen a steady trickle like a stream all year, hence no flood.

The reality is cost of living has people now panicked even though its been rumbling on for months if people bothered to pay attention, the energy prices were same - started creeping up well over a year ago. Without disposable cash and easy credit these luxury items are the first to dry up. Retailers are ******** the bed as they are worried stock left on shelves.
 
gpuerrilla said:
I answered differently though as its a stream :) neither flood nor drought. Its like its a new phenomenon to some but its been about for three cycles already.
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To give some context, one of my clients 'had' a mining farm of some 750+ GPU's and started shutting it down in June, the business had already pre-sold over 300 cards before even turning them off to another mining business somewhere in Scandinavia (I don't know where exactly), and later sold a further 150 cards to the same buyer. To my knowledge they have not sold a single card on a auction site or market place. All have been bulk sales e.g. 10+ and they have been sold mainly into the European area.

In their field the mining operation wasn't the main function of the business, but they had/have a datacentre type building that was not in use, and took advantage during the pandemic to make use of the space. It was fascinating talking about it, but I even said I was against it, for them it was a profit making opportunity and that is all they saw the £££'s not the impact on other buyers, and users. :)
 
That's a pretty good story. Most places like that will have access to renewables, a deal with a generation facility nearby or just on super low business rates. Its proof some operations will be able to make profit no matter what more or less so its why I think PoW mining wont just die because Ethereum forked off it. There are some dodgy areas of the globe that will be stealing electric, or in countries that have dirt cheap costs in comparison to western taxed regions.

There was a coal power plant due for closure in the US that ramped back up after investors secured the facility to power a bitcoin operation in 2020. Some of this isn't great to hear but regarding the bitcoin farms most wont affect GPU punters as they buy ASIC's. Let's hope people make the most of any opportunity on cheap cards as lets face it the prices of any mid range or above cards are way overpriced compared to just five or six years ago.
 
gpuerrilla said:
Most places like that will have access to renewables, a deal with a generation facility nearby or just on super low business rates.
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They have several large fields of solar.

gpuerrilla said:
Its proof some operations will be able to make profit no matter what more or less so its why I think PoW mining wont just die because Ethereum forked off it.
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It was coincidence that they got rid of the mining operation, they have now leased the building and require the space for real computers, which his good for me as it means I make some £££'s. :D

gpuerrilla said:
There was a coal power plant due for closure in the US that ramped back up after investors secured the facility to power a bitcoin operation in 2020. Some of this isn't great to hear but regarding the bitcoin farms most wont affect GPU punters as they buy ASIC's. Let's hope people make the most of any opportunity on cheap cards as lets face it the prices of any mid range or above cards are way overpriced compared to just five or six years ago.
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Read about that, thought there was more than one though.
 
Journey said:
Read about that, thought there was more than one though.
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Yes plenty but examples of targeted regions adapting to like you say make money out of a situation. If it drives more renewables and investing in efficient technologies, in some cases it will benefit local environments in case people think its all negative or doom. The point being here in the UK some of this either doesn't apply or it never was a scale thing at all. With electric so expensive even gamers are starting to sweat both literally in the room and over the monthly bill.
 
Daytrader said:
Well on ebay you can get 3090's in the £600's already, but i can see £400 soon, and as low as £200 when a lot start selling them, and to think these were like £2K/£3K not so long ago.
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I haven't seen them sell for that low yet, but when they do i'll have one. That 24GB VRAM is :chefs_kiss: for my workloads in AI and Video. When i'm gaming 3090 will stomp all over 1440p for a good few years.
 
kohlditz said:
Hmm, will have to dig into that; £600 for a 3090 seems fair actually. The rumored 4070ti/4080 12GB is too VRAM starved for me and running it at stock and undervolting should keep it manageable power wise.
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Just really be careful of scammers thou on ebay, but these days i think the buyer is protected well enough.
 
Jensen is doing a keynote at GTC on Tuesday, so I guess we'll have an idea how Lovelace performs from a marketing perspective; will be interested to see what they say about CUDA performance. Presume the £700 card will beat the 3090 in pure gaming for less power, but i'm not that interested in that; my 5700XT is solid. That 24GB VRAM is very key for me, can easily bump up on 12GB doing AI models or Video stuff.
 
RT will also play a big role. If the new cards have substantially better RT and more power efficient to boot then that will make them a lot more attractive. Plus you get the latest shiny and better driver support going forward. Not to mention being original buyer with full 3 year warranty. Certainly better than buying someone’s crusty old 3090 which has little warranty left and has likely been mined on.

All depends on price I guess. If Nvidia price it silly then used 3090‘s will sell for more. As it is I would pay £400 for one if someone was selling it with at least 1 year warranty :)
 
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