Monday, June 21st 2021

ASRock Expects GPU Mining Demand to Drop Later This Year

by
Uskompuf
 Discuss (45 Comments)
ASRock expects that GPU shipments will grow in Q2 2021 despite the global component shortages and an anticipated decline in Chinese cryptocurrency mining demand. ASRock believes that GPU availability will improve in H2 2021 as supply chain constraints are alleviated which will hopefully apply some downwards pressure on pricing. China currently accounts for a large portion of global cryptocurrency mining hardware demand but as restrictions are introduced this demand is expected to fall drastically. Ethereum is also expected to move to a Proof-of-Stake system later this year which will drastically reduce mining profitability.
Source: Digitimes

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45 Comments on ASRock Expects GPU Mining Demand to Drop Later This Year

#26
freeagent
Cool! If the second hand market floods this guy still won’t buy one.. not because I don’t want a GPU, but the lengths miners went to to get these cards in their rigs knowing they were fucking all of us.. while gloating about it too.. nah. You can keep it. I gave up on 3 series. Dead to me :laugh:
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#27
ppn
It has already happened. No new cards are being added to the pool.

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#28
Dammeron
In Poland the prices for 3080 started to finally drop - instead of 2,5k €, now we have to pay 1,8k. Still a long way to the base 800-900, but getting better.
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#29
Chomiq
RithsomThe miners had their fun, now it's time for us gamers to have fun once more. :)

That being said, we should not wish death upon them, but rather wish that they live to suffer the imminent pain. :p
It was a quote from South Park, not to be taken literally.
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#30
tomc100
Thankfully, I got a rtx 2080 super awhile ago so don't need to upgrade anytime soon. The only game that requires the next gen gpu and I want to play is probably cyberpunk. I'll probably get the new gpu when they are finally at retail price whenever that happens.
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#31
dalekdukesboy
DammeronIn Poland the prices for 3080 started to finally drop - instead of 2,5k €, now we have to pay 1,8k. Still a long way to the base 800-900, but getting better.
Even the base is absurd...that's the absurd thing.
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#34
The red spirit
JismWho cares. This mining craze needs to end.
Or does it? Any reason why it should end? Most people wouldn't care about miners if GPU availability was good.
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#35
Legacy-ZA
The red spiritOr does it? Any reason why it should end? Most people wouldn't care about miners if GPU availability was good.
Nope, still would, if miners want respect, they can mine something like Banano, which is a fold@home crypto, doing actual research and development, something worthwhile. BTC is, slow, expensive to move, at least gold and BTC now share the same traits as a "store of value" lol, one just being digital and using a lot of resources, anyways, BTC is a dinosaur and it needs to go the same way as the dinosaurs.
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#36
sepheronx
Legacy-ZANope, still would, if miners want respect, they can mine something like Banano, which is a fold@home crypto, doing actual research and development, something worthwhile. BTC is, slow, expensive to move, at least gold and BTC now share the same traits as a "store of value" lol, one just being digital and using a lot of resources, anyways, BTC is a dinosaur and it needs to go the same way as the dinosaurs.
miners dont mine BTC for the most part. It is ETH. Now many are jumping to alternative algo's. Huge drop in overall hash rates has to do with Chinese miners shutting up shop and moving assets abroad.
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#37
Dammeron
dalekdukesboyEven the base is absurd...that's the absurd thing.
Is it really? 700$ for 3080 FE version, which is the same price as of a standard 2080 2 years ago. Old GTX 680 was going for 500-550$, but that was more than 8 years earlier - is 30% price increase really that much when talking about over 8 years of inflation?
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#38
ironwolf
Funny how three articles up here they are pimping out a crypto motherboard... :roll:
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#39
The red spirit
Legacy-ZANope, still would, if miners want respect, they can mine something like Banano, which is a fold@home crypto, doing actual research and development, something worthwhile. BTC is, slow, expensive to move, at least gold and BTC now share the same traits as a "store of value" lol, one just being digital and using a lot of resources, anyways, BTC is a dinosaur and it needs to go the same way as the dinosaurs.
Does it really matter what others mine? To each their own. I personally find it fascinating that anything like cryptocurrencies actually took off and that you can still create your own currency if you want so (even if it will be worthless).
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#40
defaultluser
Caring1Asrock stating the obvious.
But, its better to have sanity this time-around than millions of stock needing to be liquidated

We we wont see a complete crash, the need to buy ETH to stay in the market means owners will have to sell those GPUs (or hope they can wait arounf until the next proof-of work coin breaks into profitability)

There will be a simultaneous fall in mning retail demand, and an influx of used GPUs to lower gamers purchases.
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#41
ThomasEichorst
Legacy-ZAWhales are gonna whale and we will see our asses as usual.
Oooo, we've got a buttcoin specialist
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#42
Legacy-ZA
ThomasEichorstOooo, we've got a buttcoin specialist
Nah, just someone keeping an eye on things, I want to buy a GPU after all, the whole market as a whole lost another critical support level, best not to look at just one thing, but everything:



Normally people would suggest that "if you had just put your GPU money into crypto and wait for it to double you would have your money to buy the said GPU" the irony is, if you do this, crypto goes up, and then the prices of GPUs increase, then it didn't help anyway. :roll: :laugh:
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#43
64K
These predictions are just speculating. Nvidia said the shortages would end in the first half of 2021. We see how that turned out but sold prices have dropped a little on Ebay.
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#44
dalekdukesboy
DammeronIs it really? 700$ for 3080 FE version, which is the same price as of a standard 2080 2 years ago. Old GTX 680 was going for 500-550$, but that was more than 8 years earlier - is 30% price increase really that much when talking about over 8 years of inflation?
Uhhh...I get what you're saying but unless I was mistaken he was talking euro's....which even 800 euro's on his lowest end of the scale he HOPES it gets back to is like just a nip shy of 1000 USD...does that sound reasonable for not even the top card in your lineup? Now it's not even the 2nd to top it's the 3rd fastest card Nvidia makes for consumers.
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#45
InhaleOblivion
We can only dream that they're correct. I've never purchased any GPU above MSRP, and won't start this year. Just thankful I upgraded to my 5700XT right before COVID hit hard.
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