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A quote for energy I received today.
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The price of graphics cards will continue to tank and will stay low for at least 2 years - Here's why
- Thread starter lovelyhead
- Start date
A quote for energy I received today.
No money after energy rises.
When a large proportion of the population are deciding between heating or eating, buying a GPU costing hundreds or even thousands won't even enter their heads. Things are going to be bad for the next couple of years. Nvidia, AMD, their partners and retailers will be desperate to shift stock.
Who do you think buys the most GPU's? You just need to look at the Steam charts to see that it is low to mid range GPU's that are the best sellers. The people that buy them are looking for the best bang for buck. Those people will be feeling the pain of the energy rises, food rises, fuel rises etc and will not be buying GPU's.
@BigBANGtheory I agree with you. But prices will tank regardless. Shareholders won't be happy with low sales volumes.
Octopus.
Luckily I had another option with them and got to renew at 40p / KWh (7.5p / KWh between 12:30am and 4:30am) on the Octopus Go tariff.
The amount of people even considering buying a GPU is about to fall of a cliff at anywhere near the price they are currently retailing for. Spending £300 on a low end GPU will be laughable in about 6 - 12 months. A GPU is a pure luxury item that uses a fair chunk of electric which is basically un-affordable now and can't be compared to food. We are about to enter a recession that will be worse than any other in living memory.
So you agree that prices are going to tank then, you just don't agree on the reason why.
Do you agree that if the economy was doing well and people had a decent amount of discretionary spending then GPU prices would probably stay at similar levels to now and would not reduce in price?
Sales volumes were probably pretty good back in 2018 once prices reduced. I think this time prices will fall and sales will be low too. That will be mainly because the cost of living is out of control. Do you agree with that?
I wonder what the percentage of people who use credit to buy GPU's is? Using credit will get very expensive soon.
There aren't any price capped tariff's available for 28p for people renewing. The best price I could get yesterday was 40p. That will be at least 60p by October. My estimated energy bill for this coming year is over £3000 for an average sized 3 bedroom house with 2 adults and one 6 year old.
The electrical cost of gaming will start to become noticeable when electric costs 60p per KWh. 3 hours of gaming on a PC that consumes 550 watts will cost £1. Add that £1 to all the other electric you are using each day and it may be one of the things people consider cutting back on. £1 for 3 hours entertainment is still pretty cheap but over the course of a month it will cost a noticeable amount for low income families.
You are quite right about the hardware cost.
Loads of people do. You must not have kids!
As for Ray Tracing, stick with what you have, which games just fine, or spend hundreds of pounds during the greatest recession in living memory for a feature that makes like difference to the game play experience?
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I take exception to this statement. Very right wing.
Just make more money! Why don't you just use your spare time to get a second job!
UK Household Energy Bills Forecast to Hit £5,000 a Year
Average household energy bills in the UK are just going to keep rising, with one forecaster setting the annual figure above £5,000 ($6,110) next year.
www.bloomberg.com
Cap could be set at £5,038 by April 2023. Discretionary spending is going to collapse in the UK if that happens. Shops, Pubs, Clubs, all manner of businesses will close because they will be hit with the double whammy of no customers and uncapped energy bills. If Westminster don't do something, it will be like the 1920's.
There is no way that GPU's don't collapse in price at that point.
The main argument for prices of GPU's falling and staying low is that the economy is going to be crippled and people won't have the money to pay for one.
Which would be mental as you will have a month and a half of cheap rates and then you will be mullered come October.
You would be looking at around 50p a KWh come October at least.
That wasn't business rates. That was a standard 12 month consumer fixed rate tariff.
If I go into my account and select the change my tariff option this is what I get:
Octopus 12 Month Fixed:
Loyal Octopus 12 Month Fixed:
I got a renewal email from Octopus offering me electric at 40p day / 7.5p at night which I kind of had to accept. 16p per Kwh up to 40p and that is what is considered a good deal for a 12 month fix these days!
Ah right, I use this for their prices.
All our tariffs | Octopus Energy
The current and historical list of all our tariffs, searchable by postcodeoctopus.energy
Edit to add.
I take it you just renewed your GO tariff, as that will be way cheaper
If you filter on that page for 'domestic' and 'fixed' then you will see that the cheapest fixed rates available to new customers that don't own an EV is 75.38 p/KWh. If you do own an EV the cheapest is the Octopus Go tariff (the one I went for).
So it seems like Octopus don't want any new customers coming from different providers unless you own an EV.