Doesn't this only happen when huge preorder(s) get cancelled? Any big players in bitcoin mining bankrupted lately?
Dunno, but the BTC price has dropped so the demand for GPUs has dropped along with it.
Nvidia Appears To Have A GPU Inventory Problem
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Re: Nvidia Appears To Have A GPU Inventory Problem
#42So bitcoin miners aren't the reason for the insane GPU prices then?
No. Gamers have always been willing to pay stupidly high prices for the latest and greatest hardware going back decades. Nvidia has just optimized the price point.
Don't know how much nvidia has to do with it, they're not the party making the final product.
Which is weird btw, why are they deferring to other parties to build and sell the actual cards?
Re: Nvidia Appears To Have A GPU Inventory Problem
#43Earlier quoted context omitted.
Using GPUs to mine Bitcoin is a bad idea. That's why most serious Bitcoin miners would buy ASICs. But Ethereum is much more amenable to GPU-mining so I presume NVIDIA and AMD got a lot of love (and $$$$) from this mining community.
What constitute a good or bad idea has to be related with how much money you end up making. As it stands the variety of crypto currency and the fact that an ASIC's algorithm is set in stone makes it so it's possible to mine some crypto currencies on GPUs for a better profit with respect to the cost of electricity.
Not to mention, the ASIC I've seen was mounted with two delta-like fans and was about 3 times noisier than 6 TI cards. Also, power availability is always a limiting problem the true metric eventually becoming how much hardware can you run on the power you have access to and how much money will that net you per day/month.
Re: Nvidia Appears To Have A GPU Inventory Problem
#44We are at the tail end of the 10-series GPU live cycle. Everyone is waiting for the 11-series release. Why would any one buy an overpriced card now that is sure to be made obsolete in just a few months time?
1080TI is going to stay for years to come.
Not a chance. The next series will give at least a 30% margin over the 1080 Ti. Remember that there is a process shrink which is allowing an increase in 30% of CUDA cores and maybe faster MHz speeds.
Some rumors which seem to be somewhat on point: https://www.extremetech.com/gaming/267982-nvidia-gtx-1180-sp...
The rumors those are NVIDIA is going to raise the price of its GPUs further though.
Re: Nvidia Appears To Have A GPU Inventory Problem
#45The author is shorting Nvidia stock (as he / she discloses at the end of the article). So, while this article attempts to be objective, I just don't believe it can be.
Re: Nvidia Appears To Have A GPU Inventory Problem
#46Hmmm, if ASUS started selling 1080Ti for $500 instead of $1000, I am sure that would have resolved itself pretty quickly ;-)
May be there is a term for it, but it is a classic example how demand suddenly disappear when the price has dropped because everyone thinks / knew it is going to drop further. For Example, they know the 1080Ti were going for $400, but due to crypto it shoot up to $1000, now even at $500, they may as well wait a little more, and new graphics Turing or Ampere are coming soon anyway.
Re: Nvidia Appears To Have A GPU Inventory Problem
#47Hmmm, if ASUS started selling 1080Ti for $500 instead of $1000, I am sure that would have resolved itself pretty quickly ;-)
May be there is a term for it, but it is a classic example how demand suddenly disappear when the price has dropped because everyone thinks / knew it is going to drop further. For Example, they know the 1080Ti were going for $400, but due to crypto it shoot up to $1000, now even at $500, they may as well wait a little more, and new graphics Turing or Ampere are coming soon anyway.
So the optimal strategy for NVidia is to shred those redundant silicon dies? At some point new Vega will put a pressure on them to release consumer Volta/Turing/Ampere/whatever-they-name-it and at $1000 there is not much hope for getting rid of Pascals via standard sales channels.
Re: Nvidia Appears To Have A GPU Inventory Problem
#48I wonder if this has anything to do with ETH not being able to be mined on 3GB cards any more. I may be mistaken, but I recall several months back people with 3GB 1060s no longer being able to mine ETH because of the size of the DAG.
https://webcache.googleusercontent.com/search?q=cache:C6d8VK...
Re: Nvidia Appears To Have A GPU Inventory Problem
#49Seriously? I find this hard to believe - prices of GPUs have been ridiculously high (much higher than at launch) for so long precisely because the supply was so short. Pretty much every supplier I've seen would either sell out any high-end Nvidia GPUs almost as soon as they got them or would ramp up the price more and more. This is either an incorrect rumour or some very weird shitty strategy by Nvidia that backfired…
Miner demand was about 50% of sales. Admittedly this is because a lot of gamers were turned off by high prices. That demand has evaporated since the price of Bitcoin alternatives (eg. Ethereum) has plummeted, and the difficulty of mining is still very high since now ASICs can mine many coins more efficiently than consumers GPUs. Plus it seems like Nvidia are stuck with a lot of low-end chips. Many miners were buying…
>Nvidia have no direct competition in the GPU space anymore
At what level? AMD does the same thing in GPU they do in CPU: They might not hold the overall performance crown, but their value is often better at several tiers than their competition. I really want an RX 580.
Re: Nvidia Appears To Have A GPU Inventory Problem
#50So bitcoin miners aren't the reason for the insane GPU prices then?
Cryptocurrency miners were a big reason for the insane GPU prices yes. But since then the price has tanked to around 30-40% of the December highs mining profitability has also tanked. This is probably why the prices have come down again.