ASROCK's expecting GPU demand from cryptocurrency miners to drop

[WYP]

Will The GPU shortage soon be over?



Read more about ASRock expecting decreased GPU demand from miners.

 

[NeverBackDown]

China also has basically banned mining, so all the miners are leaving for the USA. So that transition gives us time but only going to hurt the USA eventually.

Nvidia and Foundries have said they expect shortages to continue to last until next April. So even if they stop mining they are still behind on orders. It'll still take forever unfortunately.

 

[Dawelio]

China also has basically banned mining, so all the miners are leaving for the USA. So that transition gives us time but only going to hurt the USA eventually.

Nvidia and Foundries have said they expect shortages to continue to last until next April. So even if they stop mining they are still behind on orders. It'll still take forever unfortunately.

I'm not sure exactly who said it, think it was JayzTwoCents, that miners are just a small percentage of the overall picture. People seem to think that miners are the biggest issue with the global shortages, GPUs etc. It's a whole lot bigger than that unfortunately.

 

[NeverBackDown]

Miners aren't the problem. Bots and scalpers are. Miners are just a side of affect of bots.

Really the biggest issue is people want new GPUs so badly they are paying these ridiculous prices. That's why the shortage will continue.

 

[AngryGoldfish]

Miners aren't the problem. Bots and scalpers are. Miners are just a side of affect of bots.

Really the biggest issue is people want new GPUs so badly they are paying these ridiculous prices. That's why the shortage will continue.

How is it that miners aren't the problem? If consumers had better control of themselves and weren't paying $1200 for a 6700XT, they'd be paying $500 because scalpers wouldn't exist if there were no profits to be made. But how would you or I paying $500 for a GPU instead of $1200 increase the supply / reduce the demand? There are less gamers buying GPUs right now than ever before because they can't. If they were reasonably priced (ie not scalped / botted), how would that increase supply / reduce demand? It would do the opposite. Sorry if I'm being ignorant. It just seems that miners are very much part of the problem because they are taking a large portion of the supply and so there is a demand that cannot be met and scalpers / bots have found ways to manipulate the system to earn money from people without self control.

 

[NeverBackDown]

How is it that miners aren't the problem? If consumers had better control of themselves and weren't paying $1200 for a 6700XT, they'd be paying $500 because scalpers wouldn't exist if there were no profits to be made. But how would you or I paying $500 for a GPU instead of $1200 increase the supply / reduce the demand? There are less gamers buying GPUs right now than ever before because they can't. If they were reasonably priced (ie not scalped / botted), how would that increase supply / reduce demand? It would do the opposite. Sorry if I'm being ignorant. It just seems that miners are very much part of the problem because they are taking a large portion of the supply and so there is a demand that cannot be met and scalpers / bots have found ways to manipulate the system to earn money from people without self control.

You kinda just made the point yourself.
If people would stop paying these increased prices, scalpers wouldn't be able to sell, they'd be forced after a while to sell for MSRP. Miners aren't scalpers. They use bots. Scalpers also use bots. To be able to blame solely miners for the issues or as the biggest issue isn't the right call. It's just the average consumer wanting nothing but to spend money just because they can and are willing to spend far more than they should.

The demand is far to high and the supply is low. The supply is being controlled by scalpers selling for a quick profit and continues because people keep paying it. Miners especially past few months haven't made much money. Prices keep falling they earn less per watt. Especially seeing as Ethereum already announced a while back moving away from that, gives little reason for them to keep buying knowing they won't be able to churn a profit anymore.

 

[AngryGoldfish]

You kinda just made the point yourself.
If people would stop paying these increased prices, scalpers wouldn't be able to sell, they'd be forced after a while to sell for MSRP. Miners aren't scalpers. They use bots. Scalpers also use bots. To be able to blame solely miners for the issues or as the biggest issue isn't the right call. It's just the average consumer wanting nothing but to spend money just because they can and are willing to spend far more than they should.

The demand is far to high and the supply is low. The supply is being controlled by scalpers selling for a quick profit and continues because people keep paying it. Miners especially past few months haven't made much money. Prices keep falling they earn less per watt. Especially seeing as Ethereum already announced a while back moving away from that, gives little reason for them to keep buying knowing they won't be able to churn a profit anymore.

No, no, I'm not saying it's solely the miners. They are just a big part of the problem.

What I'm saying is (and sorry if I'm repeating myself, but I maybe I didn't explain myself properly), if nobody paid scalper prices, there would still be a demand that could not be met. Paying scalper prices hasn't created the shortage; it has added to it. You said miners aren't the problem, but they are because they're buying the majority of the stock. The stock that's left after the fact is snapped by scalpers and sold at a premium. Miners are still taking the majority of the stock though and there would still be a shortage whether scalpers existed or not. Miners are demanding X amount of product. Gamers are demanding Y amount of product. Miners are receiving X amount of product while gamers are not. Scalpers are taking what's left of the Y amount that would normally go to gamers at normal MSRP. X amount is still the largest supply that would under poor mining returns go to gamers. Then scalpers would not exist at all. So to me, the problem is still largely mining. And other stuff as well like tariffs, covid, high demand from other sectors, etc.

 

[AlienALX]

Demand is the problem. Caused by every one wanting GPUs, and that does include miners who buy them like no one else (in batches of 30 etc).

Scalpers charge what they do because of said demand. Some gamers will pay it, most won't. I couldn't be happier than I bought two 2080Tis for just over 2 grand now. One of the best timed purchases I ever made.

I also have no reason on earth to upgrade either of them, as they both smash out PUBG as I need it.

 

[AlienALX]

BTW demand is caused by a lack of supply. It's not gone unnoticed on me that the Xbox Series X can now be had for £500 or less from a scalper. TBH? time they pay the Ebay fees I don't even know why they bother.

 

[NeverBackDown]

No, no, I'm not saying it's solely the miners. They are just a big part of the problem.

What I'm saying is (and sorry if I'm repeating myself, but I maybe I didn't explain myself properly), if nobody paid scalper prices, there would still be a demand that could not be met. Paying scalper prices hasn't created the shortage; it has added to it. You said miners aren't the problem, but they are because they're buying the majority of the stock. The stock that's left after the fact is snapped by scalpers and sold at a premium. Miners are still taking the majority of the stock though and there would still be a shortage whether scalpers existed or not. Miners are demanding X amount of product. Gamers are demanding Y amount of product. Miners are receiving X amount of product while gamers are not. Scalpers are taking what's left of the Y amount that would normally go to gamers at normal MSRP. X amount is still the largest supply that would under poor mining returns go to gamers. Then scalpers would not exist at all. So to me, the problem is still largely mining. And other stuff as well like tariffs, covid, high demand from other sectors, etc.

They are part of the problem, but not solely the problem many people keep saying they are. That's what I said previously

Chip manufacturing is completely behind on every order. They were before covid started too, just not that bad. However covid-19 advanced the issues because instead of having the lowest demand in the Q1 of 2020, it all of a sudden reached Q4(the highest) demand within weeks for every product. Add in the fact governments have forced them to make chips for certain markets and it's caused a further shortage.

So while the initial problem was manufacturing, it turned into consumer demand causing the biggest strain on supply. The biggest factor being the average consumer as they are the ones who keep buying at inflated prices from retailers. Dishonest ones (scalpers and retailers) take advantage of them, yet they let them so they continue to be dishonest. If there were no scalpers, there would remain demand that could not be met, but it would certainly be far easier to get one. They buy in bulk, if they didn't that could easily satisfy 20-xx numbers of gamers per scalper which overtime lowers demand. Alternatively if gamers would only spend money at MSRP prices, retailers would struggle to make the excuse to mark up prices.
Miners are a separate issue but their purchases have slowed considerably as mining continues to become less and less profitable. Yes late last year they were a bigger problem but it's let up over time fortunately. Those cards also will go to the used market eventually which in the long run will help demand.

I'm not saying they are not the problem at all, just a smaller subset of it when the biggest issue is consumer demand. They aren't the biggest. It's a multidimensional problem. Hope that clears up my opinion.