Why GPU prices are NOT likely to drop significantly EVER!

[gpuerrilla]

Dont really get your point @Harold lloyd . You can be as captain obvious as you like but if you don't make an effort, nothing will get done or change!

People probably thought the smoking ban would never take off and we depended on them tobacco firms and taxes! Doing the math is simple, you cant use fossil fuels forever and you certainly don't want to be bent over the barrel (pun intended) too long.

 

[Harold lloyd]

It will be next year when ethereum goes POS that we will see some major reductions unless we have a huge crypto price crash before then.

While Gpus continue to be a means of generating money then people will continue to pay top dollar to get them.

If crypto crashes big or the craze starts disappearing we'll see how it affects GPU prices, but I still believe not much impact, seems to be more a global energy crisis=commodity shortage.

 

[Secret_Window]

You've got to pay the piper at some point and so has the UK.
The world has been on oil for over 5 decades, Renewables and nuclear require fossil fuel energy for their production and maintenance they are just a joke in bad science fiction taste!
You really think we'll have Nuke power stations all over the place in the UK or solar panels/wind generators or mass numbers of electric cars?
Just one cup of crude oil contains a huge amount of energy + provides plastics and useful chemicals, do the math renewables and nuclear are just a science fiction fantasy!

Without derailing the thread too much, I think it's inevitable that most nations will fail to meet their climate targets. It's simply too little too late. The investment for Nuclear and renewables should have happened a decade sooner. Even if we now fully cut emissions by 50% and our reliance on fossil fuels by 2030, we are still very much on course for hugely damaging climate effects. I think we will eventually cut emissions but over a longer period, and what we will be mostly dealing with is technologies to modify the climate and mitigate the damaging effects on farming for example and marine life, this might be by using aerosols in the atmosphere to deflect sunlight to cool areas of the Earth down. But what would be better is if we had some decent volcanic activity (not near any populated areas) that could create a natural aerosol for the Earth by chucking out some sulfur - which was believed to have been the case in 1275 when there was a Little Ice Age.

 

[gpuerrilla]

It's simply too little too late. The investment for Nuclear and renewables should have happened a decade sooner.

Which is pretty much what I said until King Harold decided to debunk it or dismiss it as folly..

You have private companies now making rockets that land themselves, take people into space and can dig huge tunnels linking cities.

The technology is there for the taking. A far cry from stating "just a science fiction fantasy"

 

[Harold lloyd]

Dont really get your point @Harold lloyd . You can be as captain obvious as you like but if you don't make an effort, nothing will get done or change!

People probably thought the smoking ban would never take off and we depended on them tobacco firms and taxes! Doing the math is simple, you cant use fossil fuels forever and you certainly don't want to be bent over the barrel (pun intended) too long.

I'll put it simply, you need a huge energy yield to keep the global economy running, cheap oil provides this, you won't get this from renewables.
Nuclear has this huge yield even more than oil but its not really possible to set up so many Nuke reactors or in a short time +the waste problems.
Bottom line the world moved from coal to oil because we were Forced to to keep the economy running, but once the cheap oil is gone there is nothing else!
With no cheap energy source the global economy will implode with shortages/inflation/production declines and at some point when the big markets break
a mad max type world will appear outside.

check out Gail Tvberg's pages
I don't agree on everything she says but she's grounded in common sense and science.

https://ourfiniteworld.com/2021/08/...-level-of-conflict-reflect-an-energy-problem/

 

[Harold lloyd]

Without derailing the thread too much, I think it's inevitable that most nations will fail to meet their climate targets. It's simply too little too late. The investment for Nuclear and renewables should have happened a decade sooner. Even if we now fully cut emissions by 50% and our reliance on fossil fuels by 2030, we are still very much on course for hugely damaging climate effects. I think we will eventually cut emissions but over a longer period, and what we will be mostly dealing with is technologies to modify the climate and mitigate the damaging effects on farming for example and marine life, this might be by using aerosols in the atmosphere to deflect sunlight to cool areas of the Earth down. But what would be better is if we had some decent volcanic activity (not near any populated areas) that could create a natural aerosol for the Earth by chucking out some sulfur - which was believed to have been the case in 1275 when there was a Little Ice Age.

Which is pretty much what I said until King Harold decided to debunk it or dismiss it as folly..

You have private companies now making rockets that land themselves, take people into space and can dig huge tunnels linking cities.

The technology is there for the taking. A far cry from stating "just a science fiction fantasy"

I'll say this though.
If Nuclear/renewables are able to power the global economy and the world switches to them from crude oil I will eat my hat and make a public apology statement on this forum for
wasting everyone's time writing nonsense.

NOT going to happen 100%!

 

[Secret_Window]

I'll put it simply, you need a huge energy yield to keep the global economy running, cheap oil provides this, you won't get this from renewables.
Nuclear has this huge yield even more than oil but its not really possible to set up so many Nuke reactors or in a short time +the waste problems.
Bottom line the world moved from coal to oil because we were Forced to to keep the economy running, but once the cheap oil is gone there is nothing else!
With no cheap energy source the global economy will implode with shortages/inflation/production declines and at some point when the big markets break
a mad max type world will appear outside.

check out Gail Tvberg's pages
I don't agree on everything she says but she's grounded in common sense and science.

https://ourfiniteworld.com/2021/08/...-level-of-conflict-reflect-an-energy-problem/

I'll say this though.
If Nuclear/renewables are able to power the global economy and the world switches to them from crude oil I will eat my hat and make a public apology statement on this forum for
wasting everyone's time writing nonsense.

NOT going to happen 100%!

We are not running out of oil anytime soon which will give us time to make the switch to other types of fuel and energy.

Nuclear fission and fusion is definitely the way forward, but so is hydrogen power (not fuelled vehicles). In fact, there has already been talks for using decommissioned nuclear power plants for hydrogen power. There has also been breakthroughs in fusion reactor technology for power (which removes the waste problem), and the UK is one of the leading nations in this, but this won't be ready by the 2030s at the earliest.

References:

https://www.newscientist.com/articl...ds-worlds-first-nuclear-fusion-power-station/
https://www.bbc.co.uk/news/uk-england-nottinghamshire-56256144
https://www.bbc.co.uk/news/science-environment-57232644
https://www.world-nuclear-news.org/Articles/UK-nuclear-industry-launches-hydrogen-roadmap
https://www.spglobal.com/marketinte...-us-nuclear-plants-new-lease-on-life-63423340
https://group.met.com/fyouture/when-will-fossil-fuels-run-out/68

 

[Harold lloyd]

The oil price rose so the more expensive extraction methods became economically viable. Industry didn't have to do it, somebody just realised they could make money from it.

You have heard of OPEC haven't you? Venezula are members, so they might have helped pursuade the others that the price needed to be higher if they didn't have any other viable oil fields; I suppose (hey I said I was badly informed). But the risk for them in doing so is that non-members like Canada and, say, the US can also take advantage of less viable fields too and mess with their carefully laid quotas.

But Saudi Arabia is also a member of OPEC so will be sticking with the quotas.

Plus apparently the current price of oil is within OPEC's target range. So that's all right then.

That's the point they don't want to raise the price of oil too much or less sales as most of the worlds population is poor working class people. Same with GPUs, with lower GPU prices you get tons of sales.
The marketing people at the oil companies saw that decades ago and didn't raise the price as they knew it wouldn't sell in mass numbers, the British too tried to up the price of coal it ended badly with coal
production peaking in 1913, the worlds coal markets would have none of it and so the age of coal came to an end and we were forced to go to oil deposits. You can't just jack up prices on a huge global market
but the British had no choice at that time.

Venezuela's oil production/economy is falling apart, they need something like $75 per barrel to balance their books, the Saudis need much less per barrel, shale and Canada oil sands need similar high prices
to keep production growth BUT we haven't had these prices in over 5 years now.
I'm not making a call on the oil market or the end of the oil age but it sure looks suspicious like when coal production peaked and they were unable to push up the world coal price.

 

[Secret_Window]

The oil situation is complex, but supply is not immediately running out.

https://www.ft.com/content/0d60da9b-54ad-4027-b054-2ff25261e506
https://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dce
https://www.ft.com/content/0b7be2f2-c2d5-482b-8218-de726f953c59

 

[Harold lloyd]

We are not running out of oil anytime soon which will give us time to make the switch to other types of fuel and energy.

Nuclear fission and fusion is definitely the way forward, but so is hydrogen power (not fuelled vehicles). In fact, there has already been talks for using decommissioned nuclear power plants for hydrogen power. There has also been breakthroughs in fusion reactor technology for power (which removes the waste problem), and the UK is one of the leading nations in this, but this won't be ready by the 2030s at the earliest.

Sure we're not running out of oil there's still plenty of it same as coal deposits, BUT once the cheap oil is extracted the rest will stay put and NOT be extracted as you need so much energy cost to extract the
rest. The world oil market won't take kindly to jacking up the price, just about everything depends on it, its not like other markets its VERY price sensitive=volatile.

What state will the UK and global economy be in by 2030? and you're going to need an awful lot of nuclear plants.

 

[Secret_Window]

Sure we're not running out of oil there's still plenty of it same as coal deposits, BUT once the cheap oil is extracted the rest will stay put and NOT be extracted as you need so much energy cost to extract the
rest. The world oil market won't take kindly to jacking up the price, just about everything depends on it, its not like other markets its VERY price sensitive=volatile.

What state will the UK and global economy be in by 2030? and you're going to need an awful lot of nuclear plants.

I think the combination of it all will buy us time to invest and implement long term solutions, but as I said earlier we won't be able to do this in time to meet our climate targets. We may as well forget about those for the time being, as all of this should have started 10-20 years ago. But that doesn't mean we should abandon cutting emissions altogether - we just need to be honest with ourselves and see that none of us will be hitting all those targets by 2050.

 

[CAT-THE-FIFTH]

As I pointed out elsewhere,unless we find alternatives to provide feedstock for our chemical industries,its mere fantasy by environmentalists to think oil/gas is not going to be extracted out of the ground for the immediate future. Even solar panel and wind turbine production needs chemicals,so ironically to build lots of these environmental technologies oil/gas extraction is still needed. We really need to be thinking of how to use alternate feedstock sources as eventually oil/gas will start to run out.

 

[Harold lloyd]

.

 

[gpuerrilla]

1. was addressed by Gibbo himself months back that the 6600XT release we were only going to see prices go up again, and in fairness I think he's been bang on in the main.

Regarding the inflation, I knew about it too from other sources so never questioned that. Maybe other posters did?

7. I am not buying any of that stuff as my 3600 build (2019) with 3090FE is plenty for a long while. I hope people are not maxing out their credit at this moment in time and bracing themselves for 2022 to be honest @Harold lloyd !

 

[Sarge2255]

1. was addressed by Gibbo himself months back that the 6600XT release we were only going to see prices go up again, and in fairness I think he's been bang on in the main.

Regarding the inflation, I knew about it too from other sources so never questioned that. Maybe other posters did?

7. I am not buying any of that stuff as my 3600 build (2019) with 3090FE is plenty for a long while. I hope people are not maxing out their credit at this moment in time and bracing themselves for 2022 to be honest @Harold lloyd !

The government had made everything function on credit. So why are you scaremongering?

 

[Sarge2255]

*** IMPORTANT POST READ CAREFULLY *** *** IMPORTANT POST READ CAREFULLY *** *** IMPORTANT POST READ CAREFULLY ***


1. Don't need to update GPU prices as we all know that no significant price drops for the 6000/3000 series.

2. I did warn you about incoming inflation months ago, most of you didn't take my posts seriously but now oil is 80$+
after 7 years and shortages are appearing across the board, eg, builders merchants can't get bricks supply until mid 2022.

3. Natural gas prices have gone up huge pointing to a shortage peak. We need nat gas to make fertilisers for our farmers to
grow enough food!

4. The humongous population levels are using up our cheap oil/gas resources. 2 billion population increase every 20 years for
the last 40 years, go figure! The humongous population levels have also created humongous economic markets including PC Gaming
and Console markets, these WILL burst and fall. The housing market has been shouting out red flags for decades of overpopulation
with huge house/rent/land prices

Crude oil accounts for about 90% of all manufacturing activity. There would be NO real inflation or shortages if we had enough
cheap crude, we still have plenty of metals and other raw materials. Nor would there be the new 8+ years commodity upcycle.

5. The situation is much worse than I thought a few months back as the shortages of items in stock across the board signal early signs of a
Currency Collapse for the dollar/pound/euro etc. The Venezuelans and Argentinians too saw early signs of item shortage.
US Stocks still haven't formed a peak in a short time so I think maybe 8 months longer or even a year before a crash but no
guarantees as its a dead man walking. If things go into full blown currency collapse then stocks/bonds/property and other economic
markets including PC Gaming will all go over!

6. Its Possible commodity markets may pull back for some months or even a year as the action has been real fast so grab a GPU
then but no guarantees

7. Wake up people, while your daydreaming about ddr5, 7000/4000 series etc your currencies are showing signs of collapse!

Why are you scaremongering? Our currency has always shown these signs, nothing new.

 

[shamus21]

And why are you posting here the FT forums would love you if you posted this info there,

 

[Woodsta888]

3. Natural gas prices have gone up huge pointing to a shortage peak. We need nat gas to make fertilisers for our farmers to
grow enough food!

Odd that farmers are currently being paid subsidies to keep land as grass and not grow crops. Grass is only used for cattle feed. Meat production one of biggest methane emissions which is 20 x more harmful than Co2. All whilst hosting CoP26 this year!

 

[Alan McFall]

I don't like where this thread is headed, there's going to be vegan protesters here soon if you don't change the tune

 

[Sarge2255]

Odd that farmers are currently being paid subsidies to keep land as grass and not grow crops. Grass is only used for cattle feed. Meat production one of biggest methane emissions which is 20 x more harmful than Co2. All whilst hosting CoP26 this year!

Focus on the emission , pollution from private jets these politicians used to fly to CoP26 not the meat.