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Thread: "Bots, scalpers, miners" buy a quarter of all video cards

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    "Bots, scalpers, miners" buy a quarter of all video cards

    A quarter of the market was approx 700,000 GPUs in Q1 2021, worth US$500 million or more.
    Read more.

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    I can't somehow see how this is really news. I think we ALL know this has been happening
    Old puter - still good enuff till I save some pennies!

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    I had to check the date on this - I thought a glitch in the matrix had unearthed an old hidden post.
    Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!

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    Theoretical Element Spud1's Avatar
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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    I still don't buy this tbh, it just doesnt make the economic sense for most miners to buy the latest generation of GPUs...the efficiency isn't there at commercial scale (but they are great for gamers who want to mine overnight!)

    Just looking today, mining Ethereum and assuming you have your own large pool of cards, an RTX3090 will net you around $7 per day, before any electricity/running costs. A Radeon VII will net you around $5.50 for a MUCH lower up front cost. I can buy one of those today, and the profitability is actually near enough on par with a 3080/90 when you take power usage into account.

    I shouldn't even mention the 6800/6900 which only make around $3 a day per card...and they are just as hard to find as the Nvidia options.

    Sure, there are miners who will buy the cards, use them whilst the price increases and then sell them on, but the evidence just isn't there that crypto miners are buying most of the stock and driving the demand. It's interesting in itself that this research lumps in Bots/Scalers AND miners all together - I would wager that Bots & Scalpers (one and the same thing in most cases!) are the real issue here, not the crypto world.

    To be 100% clear I don't mean to imply that mining has no impact or that no cards are heading that way - a significant number is - but I just don't buy that it's the root cause or even the biggest influencer on the availability of the latest generation of cards.

    edit: One source to show the profitability is whattomine - take a look here and have a play. It's pretty accurate in my experience but you do need to account for pool vs solo vs commercial mining difference in block rates etc https://whattomine.com/coins

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    Banhammer in peace PeterB kalniel's Avatar
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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    Quote Originally Posted by Spud1 View Post
    To be 100% clear I don't mean to imply that mining has no impact or that no cards are heading that way - a significant number is - but I just don't buy that it's the root cause or even the biggest influencer on the availability of the latest generation of cards.
    Well it's not - according to the headline, even together with bots and scalpers, it's only accounting for a quarter of purchases.

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    Grumpy and VERY old :( g8ina's Avatar
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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    and Im still none the wiser as to wt* is going on !!
    Cheers, David



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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    Quote Originally Posted by Spud1 View Post
    I still don't buy this tbh, it just doesnt make the economic sense for most miners to buy the latest generation of GPUs...the efficiency isn't there at commercial scale (but they are great for gamers who want to mine overnight!)
    It might make sense for people in the ransomware food chain. If one person has several $million in bitcoin, presumably they'll want to put it to work because of the difficulty laundering such massive amounts of virtual and real cash. A 50% loss of value in the short term probably doesn't really matter when they have another few $million of crypto to figure out WTF to do with.

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    ... and in other news the Pope is a cathlic !

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    The assumption being that miners have dedicated rigs and do not buy a PC to build a mining system.
    So how does that even account for those just "upgrading" their graphics cards? Seems like a flawed way to try to work out who is buying what?

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    Banhammer in peace PeterB kalniel's Avatar
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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    Quote Originally Posted by Iota View Post
    So how does that even account for those just "upgrading" their graphics cards? Seems like a flawed way to try to work out who is buying what?
    Well the assumption is that people are upgrading their graphics cards at a similar rate that they did in comparable times before. Attach rates many times higher all of a sudden are what seems to correlate to mining/scalping.

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    Moosing about! CAT-THE-FIFTH's Avatar
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    Re: "Bots, scalpers, miners" buy a quarter of all video cards







    September to October 2020 is when Bitcoin and Etherium started spiking up in price. So at least the high GPU pricing seems to be explained by this - the last two spikes also lead to huge price increases. Basically miners are outbidding gamers,and its the 3rd time its happened in the last 10 years.

    I suspect if there was no mining boon,prices would be significantly lower even if there was greater demand from gamers. AFAIK,even for launches which demand was more than supply,prices never went this high.

    An example is the Pascal launch in 2H 2016.

    Its not also helped by AMD diverting 7NM wafers towards consoles. AMD GPUs are significantly harder to find,and that is more to do with a lack of production IMHO,as the current RX6000 series don't mine as well as Ampere.
    Last edited by CAT-THE-FIFTH; 16-06-2021 at 05:00 PM.

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    No shock there...

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    In other words the Mining value is in GFX cards... and the prices of them keeps the Crypto Coins high, the bubble will burst sooner or later as GFX quickly become yesterdays good news.

    It is not for the gamer anymore.

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    It's approximately a quarter ('s worth of production) every three to three and a half months.

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    No shock but I reckon it's more than that a lot more in the upper range of cards

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    Re: "Bots, scalpers, miners" buy a quarter of all video cards

    scum

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