Nvidia: RTX 3000-series supply issues will last for months
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Proposition Joe
Posts: 18 +11
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: 2,074 +1,655
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.
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: 6,306 +7,258
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.
Endymio
Posts: 2,662 +2,685
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: 6,306 +7,258
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?
Endymio
Posts: 2,662 +2,685
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?
QuantumPhysics
Posts: 6,306 +7,258
You're wasting my energy. I won't allow that. I'm going on to more important things.
Mawerr
Posts: 10 +5
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]
LOL. Awesome.
980ti is still fine for 1080p, 1080Ti for 1440p. I'm not hurrying to pay stupid prices.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!
Endymio
Posts: 2,662 +2,685
If they wished to continue selling 2000 series cards, they simply would have waited to release the 3000 series.
Nobina
Posts: 4,504 +5,507
They are in the same boat.
RTX 2060 surely should be up to the task. Maybe not on ultra settings tho.
terzaerian
Posts: 1,517 +2,260
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.
Sad but True.. also rumours about 3080Ti & 3070Ti sounding more true.
https://www.techspot.com/news/87939-nvidia-rtx-3080-ti-3070-ti-3060-3050.html
Bamda
Posts: 516 +282
Don't forget that Nvidia Nvidia sold GPUs to Crypto Miners, that is also going to hurt shipments of cards to consumers.
For the quarter in review, Nvidia sold at least $175 million worth of new generation GPUs to ethereum miners, helping the outperformance, according to a note from RBC Capital Markets analyst Mitch Steves. The analyst had guided sales to miners to come in at $150 million for the quarter.
https://news.bitcoin.com/nvidia-pos...s-of-gpus-to-crypto-miners-reach-175-million/
For the quarter in review, Nvidia sold at least $175 million worth of new generation GPUs to ethereum miners, helping the outperformance, according to a note from RBC Capital Markets analyst Mitch Steves. The analyst had guided sales to miners to come in at $150 million for the quarter.
https://news.bitcoin.com/nvidia-pos...s-of-gpus-to-crypto-miners-reach-175-million/
