711–720 of 818 posts
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Please stop doing that. You are just wasting energy.
But gaming is fine, that's not a waste of energy at all.
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> Amazon doesn't price gouge I didn't say they did. But by the argument of the GP, they are often (depending on the product) "needless middlemen in a market that already sells direct to consumers", which is what I was responding to. > They steal liquidity They offer stuff for sale in markets which would have nothing for sale at other times (because if supply didn't outstrip demand, there would be no profit to be made…
And you didn't provide any argument against them being "needless middlemen". Many middlemen are not needless, like Amazon, where a value is provided that benefits manufacturers, distributors, warehouses, sellers, and buyers. Some asshole buying tickets or PS5's specifically to resell with massive price hikes is not a valuable middleman providing a valuable service. They're a leech, forcing themselves into the middle…
Without scalpers, the product is distributed by sheer luck like a lottery, or being well-connected and knowing somebody who has early access to the product.
You can argue that a lottery mechanism or being well-connected is more fair that having the necessary money. There are a lot of people in planned economies where everything from food to housing to transportation works that way, and they would probably disagree.
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> The irony is of course that selling at an artificially low price doesn't suddenly make it not for rich people, it just adds a small random chance that you'll be able to convert your own time sitting there refreshing the website across many browsers into a cheaper-than-it-should-be ticket. That depends on the level of demand and how low the price is. It's pretty easy to have a situation where the number of tickets a…
> It's pretty easy to have a situation where the number of tickets available is higher than the number of people that would have bought tickets for themselves on day one, but you hit immediate shortages when scalpers are also buying. But the total number of people buying tickets is the same, all that's happen is it's being temporally shifted for the gain of the people that can afford to do so. This only works because…
"all" that's happening, no. Causing people to pay more, even if they're willing to pay more, means they get less benefit out of the transaction.
> Finally, there's events where there's a lot more consumers than there are tickets. Perhaps there weren't enough tickets at the sale day to sell out immediately. It would have sold out well before the event date though, because there are way more consumers than tickets. In this case, at that point liquidity would have dried up. Brokers provide liquidity over the lifetime of the event. That's what they provide, and for that they extract money. There's a debate to be had as to whether they provide enough value for that service, but it's false to say the event had "enough liquidity", as if there was enough liquidity there would be no margin for brokers to make money, especially not the 10% cost on sale price needed to make a profit on the exchanges.
There would have been enough liquidity for the people that cared about the event to be able to purchase. That's enough liquidity. There is more liquidity now, and the benefit is that some of the people who didn't care very much get tickets too. This is a benefit, but it's not worth the downsides that the average amount paid goes up so much and that a bunch of people that were ready to buy a ticket on day one are now excluded.
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> Not entirely true, and also not accepting that one person's "scalper" is another person's "bought this but decided I would rather have the money it seems to be worth now that I see how much this is". Even just dropping resales to one GPU per person per year would make an enormous difference, let alone if it was limited to people that genuinely bought the one GPU for themselves.
It doesn't work. It's unenforceable without the government to enforce it, and even then people will skirt it. Rules constraining how a market functions often don't work or have unintended consequences. The only real solution is to attack supply and/or demand. A rule limiting how many a person can buy doesn't actually affect demand, it just affects that market's ability to respond to demand. You get people that circum…
It seems to be working pretty well here in the UK actually, for nvidia's Founders Edition cards. They have a relationship with a single retailer, and you can buy one card.
Yes, people can circumvent it to a small extent, but not that easily.
You're just parroting your free-market religion here.
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In my experience base level items have much better resale value then more expensive items. It's true for notebooks, graphic cards and cars too. For example my iPhone 11 Pro has fallen to half of the price in one year, but entry level iPhone 11 probably has still 70% of its value. Same for Macbook Air, entry level with 8GB and 256 SSD will hold value better then maxed out one. Same with cars, extra premium equipment h…
The entry level iPhone 11 and Macbook Air are still premium products. You're not reselling your €250 unbranded Walmart laptop for anything more than scrap.
I think when you get to PC parts it becomes quite a bit trickier as everyone who is willing to buy used PC parts is way more knowledgable on exactly what they're looking for. A lot of things do hold their value pretty well. On the other side of things, you're taking such a risk selling computer parts on ebay (gotta be a lot of people frying components after buying them and not even realising it's their fault) that I can see why people couldn't be bothered taking the risk of reselling when they can just gift away the parts.
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Is there anything sustainable about Bitcoin? But getting back on topic, Bitcoin miners long since moved to custom ASICs, you can't make a profit with GPUs any more.
I make $7-8 per day, after electrical costs, letting my 2080ti (normally used for flight sim, but when not in use…) run nicehash’s miner software. My electricity costs $0.0816 per kWh. Not a ton of money but it adds up after a month and the GPU was a sunk cost since I got it for gaming. It literally is profitable, for my situation anyway.
This won't really do anything for availability or reducing scalper pricing. Miners are a sizeable proportion of sales but far from the majority. Gamers will be able to buy more of these GPUs but less of the non-LHR or AMD GPU's. GPU prices won't actually change. The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof o…
my 1080 ti sells for 30% more than i paid for it 3? 4? years ago. its price has fluctuated in mostly perfect tandem with crypto. just based on first hand experience, your claim (if its what you are actually claiming) that miners arent influencing the price is pretty wrong.
But stopping miners from buying one GPU model won't make it sell at MSRP. Miners switch to buying other cards, driving the price of those even higher, but the LHR cards are still going to be out of stock everywhere and scalped for 2x MSRP, because there are so many gamers buying GPUs.
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The entry level iPhone 11 and Macbook Air are still premium products. You're not reselling your €250 unbranded Walmart laptop for anything more than scrap.
Yep, it's premium to the point that's search function friendly. Apple machines will hold their value very well but it'll be weighted in favour of the basic version of each model. I think when you get to PC parts it becomes quite a bit trickier as everyone who is willing to buy used PC parts is way more knowledgable on exactly what they're looking for. A lot of things do hold their value pretty well. On the other side…
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In my experience base level items have much better resale value then more expensive items. It's true for notebooks, graphic cards and cars too. For example my iPhone 11 Pro has fallen to half of the price in one year, but entry level iPhone 11 probably has still 70% of its value. Same for Macbook Air, entry level with 8GB and 256 SSD will hold value better then maxed out one. Same with cars, extra premium equipment h…
The entry level iPhone 11 and Macbook Air are still premium products. You're not reselling your €250 unbranded Walmart laptop for anything more than scrap.
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I make $7-8 per day, after electrical costs, letting my 2080ti (normally used for flight sim, but when not in use…) run nicehash’s miner software. My electricity costs $0.0816 per kWh. Not a ton of money but it adds up after a month and the GPU was a sunk cost since I got it for gaming. It literally is profitable, for my situation anyway.
Please stop doing that. You are just wasting energy.
*excluding laser research laboratories and weapons.