Following Crypto Bust, GIGABYTE May Hit the Red Line in Earnings

[hat]

Right? When it was at like 20k I didn't know if it was gonna keep going up or not. I guess a few important people pulled out, got rich and left the market in shambles.

 

[Vayra86]

its easy to be wise after the event..

trog

Ehm, you can do a search of my post history, even just in response to your own posts to see that isn't true. I was that persistent dickhead that kept telling you it was about to implode and I was not the only one. LONG before it started getting unstable, too. It was always a gamble and anyone with two brain cells could see it was - even you did, but you were already invested so the choice to continue was easily made. The fact is, these companies and those who invested big in mining had dollar signs in their eyes that stopped them from seeing the truth on a philosophical level: human greed would destroy crypto sooner or later. As long as you can mine for profit to 'seed' the currency, it will fail, simply because it is not tied to the real economy in a realistic, sensible way. That opens the door for extreme speculation and shuts it tight for a healthy mix with that real economy. And a healhty currency cannot exist in a vacuum.

The hardware manufacturers can't win though, can they? We were wielding torches and pitchforks when everything was out of stock or priced sky high, and now that they produced a ton of shit and they're sitting on all this inventory that's not moving, we say "let them burn".

Its called justice and a healthy correction of a market that has been going crazy lately. The correction is happening, now these companies need to get the memo and adjust. Its good they feel the pain and not us, this is the free market doing what its supposed to do. FWIW if that means Gigabyte falls, I won't even care, its not like their product is innovative in any way. They're always late to the party and cut corners the wrong way - Aorus is a great example.

 

[hat]

Nothing wrong with Gigabyte any more than any of the others, IMO.

 

[Vayra86]

But you never know when "high" is high. Such is the case with any volatile investment.

Well, if you can do some basic interpretation of graphs...

First spike:

Second spike:

I think everyone has already had their fair warning in 2011, and the 2017-2018 boom was wishful thinking at best. Why on earth would the same little trick work 6 years later instead of repeating itself? They could have anticipated this, very easily.

 

[trog100]

when you are seeing gains of two grand a week in things like litecoin.. its hard not to chase the rabbit..

i took the view that bitcoin had peaked and that the other altcoins would take over.. at first i was correct.. he he

but again i will repeat its easy to be wise after the event..

trog

 

[FordGT90Concept]

Well, if you can do some basic interpretation of graphs...

First spike:

Second spike:

View attachment 111198

I think everyone has already had their fair warning in 2011, and the 2017-2018 boom was wishful thinking at best. Why on earth would the same little trick work 6 years later instead of repeating itself? They could have anticipated this, very easily.

Hindsight is always 20/20. Could crypto see another surge to $20k? Yes. Is it likely? No.

 

[R-T-B]

But you never know when "high" is high. Such is the case with any volatile investment.

I've been fairly good at it. And everyone knew the last high was literally an alltime high.

 

[newtekie1]

This is one company that I wouldn't mind going under.

 

[R-T-B]

This is one company that I wouldn't mind going under.

I never root for anyone going under, more options and all... that being said they aren't what they used to be, either.

 

[newtekie1]

I never root for anyone going under, more options and all... that being said they aren't what they used to be, either.

It takes a lot for me to wish for a company to go under, but I whole heartedly believe that the industry would be better without Gigabyte.

 

[R-T-B]

It takes a lot for me to wish for a company to go under, but I whole heartedly believe that the industry would be better without Gigabyte.

Considering they actually make their own boards (or at least, some of them, I heard they outsourced some recently) unlike some, I'm not so sure. We'd have a void to fill, though I'm sure Foxconn and the like would be thrilled.

That being said, I'm aware of the bad RMA practices, and the lousy customer support. I'm also aware their bioses tend to be shit (they leave them unlocked though, which I like). Any other reasons to dislike them? I mean if my customer return rate is anything to go by, board quality isn't awful, and other than RGB madness and the above, they aren't much worse than say ASUS in my books.

 

[Aquinus]

It takes a lot for me to wish for a company to go under, but I whole heartedly believe that the industry would be better without Gigabyte.

I really can't speak to this too much, but I'm not entirely surprised. I haven't exactly heard great things about Gigabyte so I've mainly stayed away from them.

 

[FordGT90Concept]

The only Gigabyte motherboard I worked with, memory support actually regressed with newer BIOS. Running older BIOS though, it has been working good for years.

 

[R-T-B]

The only Gigabyte motherboard I worked with, memory support actually regressed with newer BIOS. Running older BIOS though, it has been working good for years.

I've always felt the hatred of gigabyte is 60% bios issues (which are real) and 40% lousy RMA service (which are also very real).

Oh, I'm certain that hatred is 100% earned. But still, there are others that do similar and get away with it. Curious what else people dislike that pushes them that much over the edge.

 

[JaymondoGB]

Just got to deal with the pain and sell the extra inventory at cost or below. Sitting on it and hoping wont do. Nor will holding back new parts, as most PC buyers will simply wait, and that wont help the bottom line either

 

[eidairaman1]

Nothing, they're just greedy.

They'll implode if they dont slash prices on old parts.

Not like their Quality is great like it was before 2013 and their Bogus RMA dept damaging parts so they don't have to grant the rma for their crap parts. GA needs new management...

 

[Space Lynx]

It takes a lot for me to wish for a company to go under, but I whole heartedly believe that the industry would be better without Gigabyte.

I'd be ok with them going under, honestly their VRM cooling on motherboards has been so bad it's very embarassing... MSI and Asus literally destroy them on VRM cooling for 5+ generations in a row now on motherboards, and Gigabyte still doesn't care about the consumer... or innovating... at least MSI innovated and got better. As far as I am aware MSI even uses next gen VRM chips - or at least Z370 gen they did and were ahead of the game over everyone while still maintaining fantastic price points.

 

[Reeves81x]

I mean, not really. First litecoin run I pretty much didn't need my job I was doing so well. This time I did badly, but I knew I would and did it mostly for the articles until everyone declared them spawn of satan... But point still stands if you have half a brain this market isn't that complicated, really. It's like any other. You simply do not invest on a high...

how much invested, profit, operating cost, when you cashed out, how you cashed out. Too many variables. Yes, if you made it your life you could have made a few bucks... but not the "gold mine" that people thought it was.

I mean, not really. First litecoin run I pretty much didn't need my job I was doing so well. This time I did badly, but I knew I would and did it mostly for the articles until everyone declared them spawn of satan... But point still stands if you have half a brain this market isn't that complicated, really. It's like any other. You simply do not invest on a high...

if you are talking stock investment, then yes its like any other stock, of course....

 

[R-T-B]

how much invested, profit, operating cost, when you cashed out, how you cashed out. Too many variables.

That's hardly "too many variables." Any miner worth his salt tracks every single one of those. It is not an incredibly complex problem and is the basis of "ROI."

I can safely say with certainty I made several times my investment. The only arguement I could make against it would be a labor one. But that was a different market than now.

As far as I am aware MSI even uses next gen VRM chips

Don't mention the X399 XPower or it's Nikos PowerPaks.

 

[Space Lynx]

That's hardly "too many variables." Any miner worth his salt tracks every single one of those. It is not an incredibly complex problem and is the basis of "ROI."

I can safely say with certainty I made several times my investment. The only arguement I could make against it would be a labor one. But that was a different market than now.



Don't mention the X399 XPower or it's Nikos PowerPaks.

No AMD motherboard has ever really equaled Intel yet for budget to mid-range price point and great VRM cooling, all the manufactures have sort of cheaped on AMD for years now, so I can't agree with your point here. It has always been this way, even back in AMD 7950 and 6950 gpu days, they lost value so fast compared to nvidia cards mainly because everyone new the overall quality of the hardware was just cheaper.

 

[Reeves81x]

That's hardly "too many variables." Any miner worth his salt tracks every single one of those. It is not an incredibly complex problem and is the basis of "ROI."

I can safely say with certainty I made several times my investment. The only arguement I could make against it would be a labor one. But that was a different market than now.

i certainly didn't mention all of the variables, lol. The variables are what drove the stock up and made it a "bubble" and destined to burst... Proof is at hand. It was always an unstable market. Just because you made a few bucks doesnt negate the fact that most people lost.

 

[R-T-B]

i certainly didn't mention all of the variables, lol. The variables are what drove the stock up and made it a "bubble" and destined to burst... Proof is at hand. It was always an unstable market.

No disagreement re the instability and most doing poorly. But few put in the effort to monitor the trends, either. There really aren't that many factors in an ROI equation. It boils down to income vs cost. If you can predict market swings (and yes, if you monitor the crypto hotspots like a hawk, you can) you can do well. No different than any other market.

No AMD motherboard has ever really equaled Intel yet for budget to mid-range price point and great VRM cooling

Some ASRock options and ironically a certain gigabyte x399 come to mind... but as a general truth maybe.

 

[Space Lynx]

No disagreement re the instability and most doing poorly. But few put in the effort to monitor the trends, either. There really aren't that many factors in an ROI equation. It boils down to income vs cost. If you can predict market swings (and yes, if you monitor the crypto hotspots like a hawk, you can) you can do well. No different than any other market.



Some ASRock options and ironically a certain gigabyte x399 come to mind... but as a general truth maybe.

x399 is not budget >.> I was specifically saying the typical builds for mainstream mid tier gamer, which is the vast majority of us.

 

[R-T-B]

x399 is not budget >.> I was specifically saying the typical builds for mainstream mid tier gamer, which is the vast majority of us.

Meant x370. Mental typo courtesy all the vaguely similar chipset names.

 

[bajs11]

the miners made most mid to high end gpus cost twice as much as their msrp and those board partners made lots of money because of that
its laughable they are all losing money now