Scalpers are selling RTX 3080 cards on eBay for thousands of dollars, Nvidia taking action

Irata

Posts: 859   +1,222
TechSpot Elite
He tells the truth, that's why you can't endure it.
No, he‘s talking for 20+ minutes where five would have been enough.

I don‘t argue his point about consumerism. Totally agree with him in general. But placing the blame on consumers who want to buy a product that was officially released is pretty poor.

nVidia could have announced it with „limited availability“ like stores often do for special offers to manage expectations. The same is true for AMD with the 39xx and Intel with the 10900k btw.
 
Bots/scalpers are just a scapegoat, Nvidia's plan was to make an underpriced irresistible FE offering and then have it go out of stock, forcing people to buy more expensive AIB's. They never intended for you to buy the FE, MooresLawIsDead predicted all this before the launch.
The problem w/ your theory is many of the AIBs available at launch were also $699. Or close enough that it was irrelevant. Personally, I don't want a card that literally comes w/ a warning that you'll likely destroy the stock cooler if you choose to use an after market cooling system.
 
Why? And since when is this a “problem”?
Since time began, people have looked for ways to profit from in demand products... if it wasn’t eBay, it would be some other platform... try buying tickets to Michigan vs Ohio St when the game means something....
Scalping tickets is illegal in many places, so probably not the best comparison.
 

Gastec

Posts: 44   +17
Except everyone DOESN'T try to spend as little as possible! There are really rich people out there who can no longer spend their money frivolously on lavish parties and vacations - so they can burn it on various "toys" like sports cars, gadgets, and yes - GPUs :)

I have a friend who works at a car dealership and he says the expensive cars are selling like hotcakes because rich people NEED to spend their money!



Why? What's wrong with it? If people are willing to spend money and pay more for things to get them quickly, why is this "bad"?

If you want to pay MSRP, you can simply wait a bit and they'll be available for you.
Some of you here have troublesome concepts about life. I get it, you are rich and you like it but you don't have to twist the knives in our wounds. Just be decent and keep a low profile and don't force us to take out the guillotines from the storage again.
 

Gastec

Posts: 44   +17
No, he‘s talking for 20+ minutes where five would have been enough.

I don‘t argue his point about consumerism. Totally agree with him in general. But placing the blame on consumers who want to buy a product that was officially released is pretty poor.

nVidia could have announced it with „limited availability“ like stores often do for special offers to manage expectations. The same is true for AMD with the 39xx and Intel with the 10900k btw.
Don't feel bad just because you buy when they tell you so, it's called richness of the soul. To compensate the poorness of online discussions. :)
 

Gastec

Posts: 44   +17
I can't help but feel the real problem here aren't the scalpers but the moronic PC Gamers with no patience or self control who are willing to pay $$$ over the MSRP, just because they can't wait a few weeks.

Let the stupid fish swim to the sharks, I say.
I say the same but those morons with no self-control are the same ones who later become very vocal, even violent when demanding their "right" to social protection money from the government (ergo from the rest of us). Then they take to the streets and burn down your store or your car in the middle of the night.
 

Gastec

Posts: 44   +17
Honestly is anyone really surprised by any of this?

Nvidia dropped a 2080ti killer at almost half the price and with extremely limited quantities available. If it didn't sell out in less than a minute I would actually have been surprised.
Half the price!? Where? :)
 

Gastec

Posts: 44   +17
Why would you buy a card so overpriced, just wait a bit and you'll get a card for a normal price, and with 3090/3070/RDNA2 coming it'll push the prices down or at least to normal levels.
Nobody has managed to produce a coherent answer yet. Some just mumble with half-mouth "moar fps in me geimz".
 
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Squid Surprise

Posts: 3,441   +2,340
Some of you here have troublesome concepts about life. I get it, you are rich and you like it but you don't have to twist the knives in our wounds. Just be decent and keep a low profile and don't force us to take out the guillotines from the storage again.
I didn’t say I was one of those people... I said there ARE lots of them... and just some advice - you can reply to multiple comments in ONE post - no need to flood a thread.
 

eforce

Posts: 67   +55
The problem w/ your theory is many of the AIBs available at launch were also $699. Or close enough that it was irrelevant. Personally, I don't want a card that literally comes w/ a warning that you'll likely destroy the stock cooler if you choose to use an after market cooling system.
At launch, Nvidia isn't kind to its partners.
 

Gars

Posts: 273   +14
So, nVidia is the leader in the AI tech, and didn't foreseen this coming? lol
I think the minority report is in a galaxy far far away....
 

TheBigFatClown

Posts: 811   +304
This raises a question in my mind that I'm very curious about. So, in a capitalist nation where the laws of supply and demand are legal, why is scalping against the law or is it? As R00st3r says, if people are stupid enough to pay the high prices that encourage the scalping behavior it could be considered a punishment for stupidity. But on the other hand, consumer protection laws are good for some things. But how does one draw the line between what is a criminal price versus a reasonable price premium for the rarity of the product at any given moment in time? This is what the laws of supply and demand are all about. If people buy silver and gold when it is priced low with the only intention of selling it at a price premium, is that criminal? What about real estate?
NVidias fault in my opinion for not having way more product available to sell on the release date. They've gotta have some kind of reasonable idea about how many units will sell at launch. They've been in this game for years. And if they don't then they need to get a clue.

I could care less about this release. I'm perfectly happy with my AMD Ryzen Vega 8 iGPU for now anyway.
 
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cliffordcooley

Posts: 12,494   +5,868
But how does one draw the line between what is a criminal price versus a reasonable price premium for the rarity of the product at any given moment in time?
The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which the manufacturer recommends that the retailer sell the product. The intention was to help standardize prices among locations.
Anything higher is a blatant ripoff and should be (if not) illegal.
 

Endymio

Posts: 589   +474
So, in a capitalist nation where the laws of supply and demand are legal, why is scalping against the law or is it?
No nation is purely capitalist, of course, though Hong Kong and Singapore come close. But under capitalism or socialism, the law of supply and demand operates just as rigidly as does the law of gravity. Economists agree that price ceilings (anti-gouging/scalping laws) cause shortages, and create black markets and other undesirable side-effects. Price floors (I.e. minimum wage/anti-dumping laws) cause surpluses. Both are inefficient and mean wasted resources.

As Milton Friedman said, government intervention in free pricing leads to the absurd situation where, if you charge more than your competitors, you're guilty of gouging, if you charge less, you're guilty of dumping and anticompetitive behavior, and if you charge the same price, you're guilty of price fixing. In other words: automatically guilty.
 
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sac39507

Posts: 324   +147
The current problem with people in this country. This is another case of the individual not being held accountable for their own actions. If someone makes the stupid decision of buying an overpriced product, that's their bad, not the responsibility of the seller or some "system."
 

Squid Surprise

Posts: 3,441   +2,340
But the laws of supply and demand...if somebody wants something more than another person and they are willing to pay extra it seems innocent enough. The price of items sold on Amazon can double in the blink of an eye when they sell out. So, it's a good topic for long discussion I guess.
It comes down to the argument of whether pure capitalism is "good" or "bad"... there is no "right" answer...

By the laws of supply and demand, there is NO price that should be illegal - if something is priced incorrectly, it simply won't sell... But there are those who argue this system benefits the wealthy (they can simply afford to pay more for something in order to get it first) and therefore isn't "fair".

Where you land in the argument usually depends on how rich you are... the wealthy tend to side with "capitalism" where the "working class" tend to find it unfair...