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Alternate answer: No, the manifacturing cost of the gpu stays relatively the same, greedy sellers increase price because of the increased demand. It's not like they wouldn't make profit on regular prices.
I work in deep learning and had to camp out in front of a best buy to get my hands on some 3090s. A good portion of the people in line with me were crypto miners who were waiting to get more GPUs to add to their collection because they're making money on each one and as long as it's profitable it makes perfect sense for them to buy up more.
Earlier quoted context omitted.
Better an AI researcher or scientist get one of these cards than some scumbag miner.
I’m annoyed as the next guy that my deep-learning rigs are costing 5 figures, but “scumbag” might be a little strong for people who arbitrage NVIDIA’s repeated failures to effectively segment their GPU offering?
I work in deep learning and had to camp out in front of a best buy to get my hands on some 3090s. A good portion of the people in line with me were crypto miners who were waiting to get more GPUs to add to their collection because they're making money on each one and as long as it's profitable it makes perfect sense for them to buy up more.
I was told that the Nvidia Tesla cards are easier to buy.
Cloud / data center GPU consumption has also gone up in the past couple years.
Not sure why they mention Bitcoin throughout, afaik no one is using GPUs for Bitcoin anymore, ASIC miners like Bitmain's S19 thoroughly dominate.
Earlier quoted context omitted.
For the matter of price, i don't care what other buyers do with their purchased goods. I care how the seller treats the customer. If we were to discuss other aspects of mining then yes, i would point to other greedy participants in this chain
If a seller has limited capacity to produce, is it better for a motivated buyer to be able to buy one, albeit at a price higher than they’d like? Or is it better if the price is what all buyers would like, but many motivated buyers can’t get one at all? Neither is perfectly “right”; it’s a direct trade off between “they’re available if you want one” and “they’re as inexpensive as you’ve come to expect from history”.
Not sure why they mention Bitcoin throughout, afaik no one is using GPUs for Bitcoin anymore, ASIC miners like Bitmain's S19 thoroughly dominate.
Bitcoin is the biggest crypto currency and uses proof of work. As mentioned in the conclusion, ASICs use the same resources as GPUs. This can have an effect on GPU prices. Additionally bitcoin is still the "gold standard" and most crypto currencies follow the price development of bitcoin.
> Bitcoin miners rarely use GPUs anymore, but ASICs Seeing the title and the conclusions, how can this be the case? Computationally they're not much behind ASICs per $, are much more broadly available to buy and are easier to sell when needed.
Anyone who buys a GPU second-hand is an idiot. They would have been running at maximum silicon temperature 24/7 with the result of massive wear.