Scalpers sold over 53,000 new Nvidia/AMD cards worth $65 million

[ExReey]

.

Social Media is driving a lot of this.

Social Media is driving more bad than good stuff.
The world would be a better place without it.

 

[BadThad]

Yesterday I bit the bullet and bought an RX6800 from Microcenter for $875 ($399 retail price). I needed it for a customer build I've been working on for 3 months now.

They had 2 in stock. Microcenter is thwarting the scalpers. I had to give them my drivers license and mobile phone number to get a voucher. They then confirmed my phone via a txt message and I was told I cannot buy another card from them for 90 days. They are limiting each customer to ONE card.

 

[loki1944]

A fool and his money are soon parted.

 

[Cyberchipz]

Which also means that at least 53000 GPU owners lack the backbone to not reward scalpers.

Yeah, I'm not in that big a hurry for "literally" what has become the "bleed out" bleeding edge. I usually settle for one off bleeding edge; which means I'm a year behind... For me, no biggie! ;-)

 

[Rayneofpayne]

Nvidia did get people to preorder and the preorders were sold out within seconds.

There isn’t much Nvidia can do in the face of
overwhelming demand except raise its prices. Scalpers and miners always find ways around schemes designed to limit hoarding or mass buying etc.

The solution really is for Nvidia to develop a mining lineup and use drivers to lock mining out of the gaming cards. But that costs a lot and this mining phase will be over in 6 months.

So the I am not a bot would have helped a lot.

 

[Danny101]

I blame the selfish and "me first above all else" attitude of everyone.

If I dont see the item at MSRP, you can keep it.

When you see your stash gathering dust, you will feel the heat.

Deciding to resist. Committing to waiting. And simply refusing to pay more is the only way to stop it. But as the old saying goes, 'if there's a demand, there's a market'. Scalpers can when people are willing to pay.

 

[yeeeeman]

This isn't the most important headline. the important one is that *****s bought overpriced cards. No one forces you to pay...paying extra is each one's decision, so this news presents the facts in a wrong way. Sure, you might say but what could we do if many people sold expensive cards? well, don't buy from them. have patience. prices will fall.

 

[toooooot]

Then an ancient curse was brought upon them, and they all died. The end.

 

[QuantumPhysics]

Yesterday I bit the bullet and bought an RX6800 from Microcenter for $875 ($399 retail price). I needed it for a customer build I've been working on for 3 months now.

They had 2 in stock. Microcenter is thwarting the scalpers. I had to give them my drivers license and mobile phone number to get a voucher. They then confirmed my phone via a txt message and I was told I cannot buy another card from them for 90 days. They are limiting each customer to ONE card.

I videod myself walking into Microcenter and buying my 3090 FTW3.
I turned right back around after putting it in the trunk to buy a second and they tried to hit me with the same jingo.

I went full Karen on them and called over my buddy "the store manager" who personally knows that I buy a lot of volume there, and pulled rank on the snot nosed brat in the desk.

Had "the Manager" walk it to the front of the store with me as if I was Ja Ja Gibor holding a purse and a small Dog and had them ring it up.

Homey don't play dat.

 

[mailpup]

Zsa Zsa Gabor.

 

[DonquixoteIII]

Tel me where your local Microcenter is, please. I LOVE getting managers fired over company policy. Actualy your post is probably enough to get a good enforcement email sent out, followed up with a quickie audit.

 

[gamerk2]

By the way, while this is a small scale example, this does demonstrate how a minority of individuals willing to pay over MSRP can drive price increases in a Capitalistic environment. What we're seeing here is just as applicable to other environments (housing prices being a prime example).

Simply put: The ones that are willing to pay the most money are the ones who determine market pricing. If they are willing to pay double, the market will accommodate.

 

[dihartnell]

Normally these things don't affect me that much as I usually buy the previous generation from the used market, after a new release but this stock shortage has drastically pushed up the prices of the used market as well.

However, I don't blame so-called scalpers for this situation. Buying and selling at a profit is not wrong. If someone was stupid enough to pay a ridiculous price for anything I owned from my car to my house to my computer components I would not say no. If anything, given how easy it seems for these people to sell at 2-3 times the MSRP, then clearly AMD/Nvidia are selling their goods far too cheaply at initial launch.

I sit here patiently waiting for the supply of the latest generation of CPUs/GPUS etc to improve so I can buy from the previous generation at the right price that I'm prepared to pay. Other consumers clearly have zero patience and will pay just about anything. THey are driving the price, not scalpers.

 

[dihartnell]

By the way, while this is a small scale example, this does demonstrate how a minority of individuals willing to pay over MSRP can drive price increases in a Capitalistic environment. What we're seeing here is just as applicable to other environments (housing prices being a prime example).

Simply put: The ones that are willing to pay the most money are the ones who determine market pricing. If they are willing to pay double, the market will accommodate.

Exactly

 

[DonquixoteIII]

De-regulation at its finest!De-regulate everything, and sooner or later one person will control 90% of everything. And re-regulation is HARD!!! Take any macroeconomics theory to its end game and you will have a one owner world, Why? Because all macroeconomists make the fallacial mistake of assuming rationality. Humans are anything but. Humans write the code for the algorythms that trading software uses. Given that humans are not rational, then their code is too. Gekko was wrong. Greed is not good.

 

[Bamda]

I have moved past thinking that this issue was caused by Nvidia or AMD. This is a consumer created issue. They wanted new hardware and they got it, even if it comes at a higher price.