The Hilarity of GPU prices.

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templarklimek

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Feb 18, 2011
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So here we are watching GPU push 30-40% above market yet the next gen is due in the next quarter. I have 3 980ti's and im not paying 1900-1200 for GTX 108-TI. They will push gamers tp PS-4 or5's. Pity....
 
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Shektron
Frankly I feel like it's no one's exact fault. Miners are looking to make profit, and it's only human nature nowadays to make a little profit from wherever possible. It's not Nvidia or AMD's fault that their cards are the primary powerhouses that can do mining, and it's not the seller's fault that the demand is so high that they are forced to increase prices. No one organization can fix this thing, it's much too spread out. It certainly is a pity, but nothing anyone can do about it.
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Shektron

Shektron

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May 31, 2017
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Frankly I feel like it's no one's exact fault. Miners are looking to make profit, and it's only human nature nowadays to make a little profit from wherever possible. It's not Nvidia or AMD's fault that their cards are the primary powerhouses that can do mining, and it's not the seller's fault that the demand is so high that they are forced to increase prices. No one organization can fix this thing, it's much too spread out. It certainly is a pity, but nothing anyone can do about it.
 
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nobspls

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Mar 14, 2018
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This is simple, vote and ban the crypto fraud. If the U.S. government would do this, rest of the world will follow suit fairly quickly. The CCP in China has no love for crypto because by default they like more control too.
 
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Shektron

Shektron

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It's not exactly fraud, though. It's just a new form of currency. And if a government tries and bans it, it'll just go under the radar. I doubt the government can put a stop to this. Plus, half the population will scream that the govt is afraid of what it doesn't understand if they do something like that. And by the time they actually get around to doing it, the prices would probably settle anyway.
 
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10tacle

10tacle

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Dec 6, 2008
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I saw this train wreck coming last year and jumped on my EVGA 1080 Ti for $750 before prices got insane. I also took advantage of dumping one of my GTX 970s in SLI for more than they were worth this time last year ($225 vs. $175). My GTX 680 is worth $150+ now (eBay selling prices) when last year I'd be lucky to get $80 for it.

So all is not bad for those out there with older GPUs because the used value increase can offset, at least partially, the price spike of new GPUs. But I would not buy a new GPU right now as Nvidia's Volta line is coming out in July starting with the GTX 1180 or 2080 (however they will name the new series).

With that said, shop around. Prices are coming down (not for the 1080 Ti however). Last week B&H Photo had a GTX 1070 Ti for $530. It sold out in no time. We are dealing with a perfect storm crisis of epic proportion which has never been seen before, not even during the Bitcoin mining craze of 2011-2012 causing a rush on GPUs and price spikes and inventory shortages.

Besides miners, there's a strong demand on NAND memory modules from a massive spike in global smart phone demand (China the biggest culprit). This is putting challenges on production capacity competition between GDDR5 memory for GPUs and DDR4 memory for smart phones (a reason PC/laptop DDR4 memory prices are through the roof). Further adding fuel to that fire was a power outage at one of Samsung's fabrication plants. That resulted in 11% of Samsung’s monthly production being scrapped.
 
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10tacle

10tacle

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Well you are correct on all matters. It is not fraud and governments are not technically aptitude enough to understand it. However, when they realize that there are taxes not being paid in said transactions, you can bet it will wake them up. And don't forget about global banks and these cryptocurrencies competing with them as well. Big banks + Big government can easily destroy crytpocurrency faster than creamed corn though a goose.
 
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Shektron

Shektron

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I feel like there shouldn't be taxes on these payments, since they're decentralised currencies. Cryptocurrency is a new horizon in technology, and I feel that the normal currency laws really don't apply in this case. The government has no hand in the regulation of the currency, so they shouldn't tax it either. Of course, this debate is venturing into the economics section now, of which I know naught.
 
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10tacle

10tacle

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Sales and income taxes go back to the government. Crytpocurrency is not a taxed revenue, but currencies have to be backed up by something. Cryptocurrency is effectively paper Monopoly board game money. There is nothing behind it. Regarding government not controlling it, it is a currency and transactions happen between goods and services with it. Economics does not work that way. Not anymore than printing more money thrown into an economy works (in the US it's called QE or quantitative easing). That's exactly why we have global financial banking crashes. Time after time after time since 1929. Cryptocurrency is the newest threat to that.

Disclaimer: I am NO fan of the IRS and income taxes!
 
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Shektron

Shektron

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Okay, I guess taxing the transaction does make sense, but banning it doesn't. It'll be as effective as banning drugs ever was - people will start dealing in it without the government knowing about it.
 
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10tacle

10tacle

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Couldn't agree more my friend. The stupid war on drugs cost the US more than illegal immigration does. Not sure if you are American, but in the 1920s through early 1930s we had Prohibition (18th Amendment to the US Constitution) banning alcoholic beverages.

It caused the rise of the underground Mafia and "speak easy" bars as they were called. If someone wants something, they'll get it one way or the other and there will always be participants willing to obtain or make it to sell. The US Government finally wised up and passed the 21st Amendment which repealed the 18th. It was the only time in US history where an amendment to the US Constitution was ever reversed.
 
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