Windows 10: Nvidia speaks out against rising price of GPUs due to cryptocurrency

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  1.    03 Feb 2018 #1

    Nvidia speaks out against rising price of GPUs due to cryptocurrency


    http://www.digitaltrends.com/computi...s-card-prices/

    I've been trying to buy for example EVGA GeForce GTX 1060 SC GAMING, 06G-P4-6163-KR, 6GB GDDR5, ACX 2.0 (Single Fan). EVGA sells it on their web site for $349 but not available. In fact none of their 1060's are available.

    Graphics card prices are going through the roof.
      My ComputerSystem Spec

  2.    03 Feb 2018 #2

    It is due to The Bitcoin mining or was. I have that Card and am glad I bought it when I did.
      My ComputerSystem Spec


  3. Posts : 10,923
    Windows 10 Pro and Windows 10 Pro Insider
       03 Feb 2018 #3

    EVGA is still, last I heard, releasing cards on their website but they usually sell out in just a few minutes.
      My ComputersSystem Spec


  4. Posts : 569
    Windows 10 Home SL 64-bit, v1803
       03 Feb 2018 #4

    Manufacturers should change their goals but I think with their current manpower that'll be hard.
      My ComputerSystem Spec


  5. Posts : 3,376
    3-Win-7Prox64 2-Win10Prox64
       03 Feb 2018 #5

    essenbe said: View Post
    EVGA is still, last I heard, releasing cards on their website but they usually sell out in just a few minutes.
    Hi,
    Getting a gpu from evga's website has always been tough
    This shortage is nothing new
    They usually do it to keep prices high they love the bitcoin ordeal :)
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  6. Posts : 10,923
    Windows 10 Pro and Windows 10 Pro Insider
       03 Feb 2018 #6

    ThrashZone said: View Post
    Hi,
    Getting a gpu from evga's website has always been tough
    This shortage is nothing new
    They usually do it to keep prices high they love the bitcoin ordeal :)

    Mike, I have no clue where you get that. Have you even looked at EVGA's prices lately? The 1080 TI FTW3 I bought the day they were released is about $40 more now than it was when it was released. All the high prices come from 3rd party sellers, which the AIBs get nothing from. How are they profiting from the bitcoin induced high prices? Those $1300-$1400 TI's, EVGA is selling for $820-870.
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  7. Posts : 38,043
    Dual boot Windows 10 FCU Pro x 64 & current Insider 10 Pro
       04 Feb 2018 #7

    In reading some articles including the OP's linked one I see it has nothing to do with Bitcoin or similar cryptocurrency mining any longer, for that has been solved because a "specialized application-specific integrated chip (ASIC) mining hardware" solved it. There's a new kid in town called Ether cryptocurrency in which that fix no longer suffices. So now the bad-guy miners once again are creating shortages, for they again need the computing power of GPUs to do so via Ethereum. Therefore, higher demand in a free enterprise system drives up prices.

    This is due to manufactures and retailers taking advantage of the shortage, for a product is worth what someone is willing to pay for it. When they see this flow of shortage (stock in time sold) they raise prices for the goal of more profit. This entails all products and companies up the line to create that end product.

    That's not just what companies do, they need to do it to answer to investors. It's been this way ever since Eve handed Adam the commodity of the fruit.

    Mining

    Cryptocurrency mining includes two functions, namely: adding transactions to the blockchain (securing and verifying) and also releasing new currency. Individual blocks added by miners should contain a proof-of-work, or PoW.

    Mining needs a computer and a special program, which helps miners compete with their peers in solving complicated mathematical problems. This would need huge computer resources. In regular intervals, miners would attempt to solve a block having the transaction data using cryptographic hash functions.
    Cryptocurrency Mining: What It Is, How It Works And Who's Making Money Off It | Benzinga
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  8. Posts : 10,923
    Windows 10 Pro and Windows 10 Pro Insider
       04 Feb 2018 #8

    Tony, it's still mining. When us non-miners say Bitcoin, it is usually a general term for mining. But, not all the AIBs sell their own cards and most of the ones who do have not raised prices any more than normal fluctuations. They are not making money because of the price increases, other than selling all their stock. If you buy a card from EVGA and sell it on Ebay for twice the amount you paid for it, EVGA makes nothing more than what they sold it for. When my Card was first released it sold for $779.00. It now sells from EVGA for $819, and sells on Ebay for $1000-$1500. That's why the manufacturers never have any stock. As soon as they put it up, it is sold in minutes. But, they are not profiting from the price increase other than they don't have to worry about left over stock when the new generation card is released. The $40 or so price increase is most likely because of the increase in dram prices.
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  9. Posts : 38,043
    Dual boot Windows 10 FCU Pro x 64 & current Insider 10 Pro
       04 Feb 2018 #9

    Steve, call it what you may, but it's clearly not the same type of mining is what I referenced. It's a completely a different cryptocurrency and system. Neither seller or buyer see each other. Nonetheless, it created the shortage of GPUs.

    To say AIBs don't take advantage of shortage is bogus IMO. To say the increase is "most likely because of the increase in dram prices" is a guess at that. Even at $40/per > Take that times the millions they manufacture sums up to a lot of money. I'll agree that the middlemen are the bigger hijackers, though.
      My ComputersSystem Spec

  10.    04 Feb 2018 #10

    essenbe said: View Post
    Mike, I have no clue where you get that. Have you even looked at EVGA's prices lately? The 1080 TI FTW3 I bought the day they were released is about $40 more now than it was when it was released. All the high prices come from 3rd party sellers, which the AIBs get nothing from. How are they profiting from the bitcoin induced high prices? Those $1300-$1400 TI's, EVGA is selling for $820-870.
    I would have to disagree Steve, look at the prices below from EVGA

    Click image for larger version. 

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      My ComputerSystem Spec


 
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