We 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?
Nvidia Appears To Have A GPU Inventory Problem
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Re: Nvidia Appears To Have A GPU Inventory Problem
#22Doesn't this only happen when huge preorder(s) get cancelled? Any big players in bitcoin mining bankrupted lately?
Only the alt-coins I believe can make money from GPU-miners these days.
Re: Nvidia Appears To Have A GPU Inventory Problem
#23Seriously? 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 things like the 1060.
However, Nvidia have no direct competition in the GPU space anymore. They can hold off their next product launch for months and wait for their inventory to clear.
Re: Nvidia Appears To Have A GPU Inventory Problem
#24So bitcoin miners aren't the reason for the insane GPU prices then?
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.
Next month Bitmain is coming out with the Antminer E3 that mines all EtHash based cryptos so quite soon we will see how it will effect Ethereum.
At a price point of $800 and about as powerful as 6 RX570s ($350 each) which are current best bang for buck on this it should sell very well at least.
Re: Nvidia Appears To Have A GPU Inventory Problem
#25We 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.
Re: Nvidia Appears To Have A GPU Inventory Problem
#26Hmmm, if ASUS started selling 1080Ti for $500 instead of $1000, I am sure that would have resolved itself pretty quickly ;-)
Re: Nvidia Appears To Have A GPU Inventory Problem
#27[joke] Plot twist: A cousin of both Jensen Huang and Lisa Su was arrested in Taiwan for propelling price of BTC in the past year using bots running advanced Deep Learning. [/joke]
[not joke] Jensen and Lisa are family. [/not joke]
Re: Nvidia Appears To Have A GPU Inventory Problem
#28Re: Nvidia Appears To Have A GPU Inventory Problem
#29I Am So Mad. I have had a new workstation purchase waiting for the cards to calm down and now I read this? We get no new technology and prices where a 1080ti equals the retail price of a Titan and now they have 300k to much inventory?
NVIDIA needs to be greeted with a Linus salute again. They have been horrible for Linux and horrible on me having a new workstation at work.
Re: Nvidia Appears To Have A GPU Inventory Problem
#30I bought a 1080 TI a while back for around $750.
Bitcoin surged and the same card was $1300 for a few months.
Now it's back to $750ish
My FPS stayed pretty stable though