Nvidia: RTX 3000-series supply issues will last for months

Proposition Joe

Posts: 13   +5
Any miner here feel free to correct me, but most of the serious miners have gone FPGA or ASIC. I don't think mining will be contributing much to GPU shortages in the months to come.
What a strange article

the rising BTC prices have nothing to do with GPU mining and vise-versa. It has to do with Adoption.

you cant mine bitcoin with GPU's anymore and with the looming Eth 2.0 upgrade it will kill off GPU Eth mining altogether

Sure you can mine other Alt coins with GPU's but it's not worth it with all the added costs( increased difficulty, electricity costs increase in GPU pricing ect ect)
 

Shadowboxer

Posts: 978   +579
What this means is that the next generation of GPUs will be priced considerably higher than this gen. Nvidia will be kicking themselves that scalpers are taking the money that they are when they could be taking that money.

People slammed Turing for being too expensive but had it been as cheap as Ampere we would have had this scenario 2 years ago and the same people would have slammed Nvidia for stock issues.

I guess the community needs to learn that the fastest GPUs can’t be affordable. Which is in line with most other industries, for example no one expects the fastest cars to be accessible for the masses

This doesn’t mean that normal people can’t have graphics cards, it just means that normal people can’t have the fastest cards. I’m no millionaire and I wouldn’t spend even £1000 on a GPU but I wouldn’t mind if the GPU that I did buy isn’t the fastest as long as it was capable of playing anything I want to play.
 

QuantumPhysics

Posts: 3,721   +3,617
When “demand” outstrips “supply” and there is NO incentive to make more (I.e.capitalism) then it is socialism 101. You may be surprised to learn that scalpers flourish under socialism. You are all so blind to reality it’s really appalling.
Yes, of course he missed your point entirely. I lived in the USSR for a time, and the situation that @QuantumPhysics is whining about with GPUs was an everyday experience with everything from basic food staples to bars of soap. There was nothing available from the stores -- you bought everything from a black market scalper, or you went without.


Neither one of you know what you’re talking about in relation to “socialism“. I don’t even think that either of you understand the definition of the word itself.

Socialism is win the government itself redistribute wealth. The government in this case did not buy up these cards and re-distribute them. The government itself did not send people money to go buy these cards. The government itself did not take over the factories and demand that they make a certain number of cards. The government itself did not even put any mandates on people as to how many of these cards they could buy. The government was kept completely out of the situation entirely.

What you witnessed was capitalism at work. Individual people made the decision to use credit cards to purchase these devices and then resell them at a profit to people who could not easily get them.

Supply and demand is a function of the market sentiment.

The USSR suffered because the government itself commanded the markets to produce without allowing the suppliers and market to be free and to make corrections to itself. That’s not what happened here.


Socialism would drive up the demand but not replenish or ensure the supply.
Capitalism is what ensures the supply or does it’s best to make the supply meet the demand.

in the future: when you use words like socialism, capitalism and communism, please understand what they actually mean.
 
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Endymio

Posts: 1,030   +878
Socialism is win [sic] the government itself redistribute [sic] wealth.
I first read Von Mises' seminal 600-page treatise on socialism several decades ago; as I type this, the volume is only a few dozen feet from me, along with classics on the subject by Hazlitt and others. I realize you may have done well in your Junior High civics class, but based on the above statement, you certainly learned nothing about socialism -- or grammar either for that matter. Redistribution of wealth is not an intrinsic component of Socialism; the Bolsheviks, for example, advocated it, while others such as the Fabians, did not. National Socialism, as practiced by the Nazis, also eschewed redistribution of wealth, as do many modern-day anarcho-socialists.

You're also confused about the statements in this thread. I certainly was not suggesting that NVidia's card shortage was "due to socialism", nor was, I believe, the original poster either. I interpreted his remarks as asserting the situation portended the eventual result of the socialistic policies now bandied openly about by the Left.
 
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QuantumPhysics

Posts: 3,721   +3,617
I first read Von Mises' seminal 600-page treatise on socialism several decades ago; as I type this, the volume is only a few dozen feet from me, along with classics on the subject by Hazlitt and others. I realize you may have done well in your Junior High civics class, but based on the above statement, you certainly learned nothing about socialism -- or grammar either for that matter. Redistribution of wealth is not an intrinsic component of Socialism; the Bolsheviks, for example, advocated it, while others such as the Fabians, did not. National Socialism, as practiced by the Nazis, also eschewed redistribution of wealth, as do many modern-day anarcho-socialists.

You're also confused about the statements in this thread. I certainly was not suggesting that NVidia's card shortage was "due to socialism", nor was, I believe, the original poster either. I interpreted his remarks as asserting the situation portended the eventual result of the socialistic policies now bandied openly about by the Left.

Siri confuses homophones.

Making fun of speech to text changes nothing.

Is that really the best you’ve got when it’s obvious you don’t know what Socialism is?
 

QuantumPhysics

Posts: 3,721   +3,617
Which part of "redistribution of wealth is not an intrinsic component of socialism" did you fail to understand? Or perhaps you'll blame Siri for reading it to you incorrectly?
You're wasting my energy. I won't allow that. I'm going on to more important things.
 
You're wasting my energy. I won't allow that. I'm going on to more important things.
I like this discussion, but isn't there at this point variations of socialism? Like with this quote from wiki
Socialist economics starts from the premise that "individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it. Society as whole, therefore, should own or at least control property for the benefit of all its members". And isn't that to a point distribution of wealth ?
[/QUOTE]
 

loki1944

Posts: 448   +284
I would argue that this is a great time to be a gamer - if you already have HW that is not 10 years old :)
If the HW you have is too old, then presumably buying a last-gen GPU (if available) should still net a hefty performance increase.

These are hard times for the whole planet, GPU shortages, while unfortunate, are in the end a nice problem to have - we finally have competition at the high end, woo!
980ti is still fine for 1080p, 1080Ti for 1440p. I'm not hurrying to pay stupid prices.
 
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loki1944

Posts: 448   +284
I like this discussion, but isn't there at this point variations of socialism? Like with this quote from wiki
Socialist economics starts from the premise that "individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it. Society as whole, therefore, should own or at least control property for the benefit of all its members". And isn't that to a point distribution of wealth ?
[/QUOTE]

What would Stalin do?
 

Lounds

Posts: 605   +495
Does anyone feel that this is really convenient for Nvidia so the remaining 20 series stock can be sold at full price?... F Nvidia, this is deliberate.
 
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Endymio

Posts: 1,030   +878
Does anyone feel that this is really convenient for Nvidia so the remaining 20 series stock can be sold at full price?... F Nvidia, this is deliberate.
If they wished to continue selling 2000 series cards, they simply would have waited to release the 3000 series.
 

Nobina

Posts: 2,719   +2,353
I hope AMD has the inventory to exploit this supply gap.
They are in the same boat.

You're absolutely right. Reading the comment threads on tech sites it seems that people would choose a 3080 or 6900xt over a corona vaccine.

Still, it's slightly annoying. I want to play AC Valhalla but my 2060 isn't really up to the task. Oh well, the game will only get cheaper.
RTX 2060 surely should be up to the task. Maybe not on ultra settings tho.
 

terzaerian

Posts: 23   +21
Bitcoin tends to not be mined with GPU's, however bitcoin tends to set the market trend for other altcoins (ethereum etc.) which are largely mined using GPUs, especially as many of the newer coins have algorithms designed to put ASIC's / FPGA's on the back foot so the mining difficult does not rise too quickly
Yep. The most profitable way to mine Bitcoin right now is with a purpose-made ASIC. That said, there are other altcoins which can be readily mined with a GPU.

That said, for the average consumer it's probably more cost-effective to just buy crypto directly instead of trying to mine it. Unless your electricity is free chances are good you'll be paying more to mine than you'll earn, even with this rally.
 
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