GeForce RTX 3060 Already Hits Second-Hand Market as NVIDIA Sours the Milk for Miners

[Octopuss]

How the fuck is bitcoin mining still profitable?

 

[sepheronx]

How the fuck is bitcoin mining still profitable?

It isn't bitcoin but Ethereum is still profitable. ETH is still profitable mining with the GPU.

 

[trog100]

a companies job is to make money for its shareholders.. as a general rule they make more money if they can make their customers think they care about them as opposed to the shareholders profits..

the only thing that surprises me is how good they are at doing this.. or just how dumb some of the customers are maybe..

trog

 

[RedelZaVedno]

a companies job is to make money for its shareholders.. as a general rule they make more money if they can make their customers think they care about them as opposed to the shareholders profits..

And a job of a functional government is to enforce anti trust laws when there is imperfect competition on the market due to duopoly borderlining on monopoly. Current dGPU market is a textbook case of that.

 

[nguyen]

a companies job is to make money for its shareholders.. as a general rule they make more money if they can make their customers think they care about them as opposed to the shareholders profits..

the only thing that surprises me is how good they are at doing this.. or just how dumb some of the customers are maybe..

trog

It's funny to hear people from capitalist countries complain about how capitalism works.
Have you ever been customer to a company who don't want your money? (State sponsored company like DMV), they treat customers like trash my friend.

 

[RedelZaVedno]

It's funny to hear people from capitalist countries complain about how capitalism works.
Have you ever been customer to a company who don't want your money? (State sponsored company like DMV), they treat customers like trash my friend.

I have no problem with capitalism, just make playing field even. What we have now is socialism for the top 0.1% and unregulated laissez-faire for the rest. Trillions of taxpayer's dollars/euros went to insolvent corporations and banks back in 2008 and the story is repeating today, while ordinary people are left to suffer. No wonder why prominent political philosophers and economists like Sheldon Wolin and Piketty describe today's western socio-economical system as inverted totalitarianism or managed 'democracy', society ruled by large banks & corporations pulling strings behind the curtains while maintaining mirage of a free choice.

 

[looniam]

oh look! someone opened a poly-sci textbook for the first time.

now live 20-50 more years to see how it really works.

 

[Chrispy_]

It is kind of frustrating to see that the miners bypassed the rules that prevent sales of a product before official launch; It basically proves that there is corruption/bribery occurring in the distribution chain. We of course knew that already, but this is definitive proof that nobody can deny.

Whether you're a gamer, miner, or content creator, Nvidia's distribution chain should be investigated by Nvidia and those found in violation struck from futher business with Nvidia as it only serves to directly harm Nvidia's reputation even further - assuming that stupid high-profile mistakes like the GPP, multiple broken promises over Turing/Ampere, or the Hardware unboxed fiasco haven't already firmly established their reputation as an anti-consumer brand already....

 

[AusWolf]

Cryptominers buy up all inventory of graphics cards - this I understand.
Cryptominers buy up all inventory of graphics cards not yet released, and then selling them second-hand - wait, what?

 

[Zubasa]

Cryptominers buy up all inventory of graphics cards - this I understand.
Cryptominers buy up all inventory of graphics cards not yet released, and then selling them second-hand - wait, what?

Cards are produced for months before the release date to account for shipping and customs etc.
When you can afford to pay enough, AIBs can easily just sell you an entire shipping container worth of gpus well before "official launch".
Also, by the same principle mining firms can get their hands on "unoffical" mining bios or drivers.

 

[dirtyferret]

The RTX 3060 is being sold by scalpers at three times its price?! Last time I was so shocked by an outcome like this was this morning when I turned the shower on, got in, and found out I was getting wet!

 

[outpt]

So miners turned scalpers too as a side line.

let me fix this quote. So miners turned scalpers too as a slime line.

 

[rutra80]

I don't see it ending anytime soon. Not only miners and scalpers are a problem. Both gamers and miners would get what they want and scalpers would not exist if there was enough supply. There's simply not enough supply. And there's not enough supply not only because of "pandemic", but also because fabrication processes required by expected technology advances don't have enough capacity. Intel is still struggling under 10nm. But it can because there's nowhere near expectancy to double the CPU performance as often as we are used to with GPUs. See how huge GPU chips are. Soon 7nm will be not enough to keep up current pace. GPUs hit the technological wall that CPUs did some time ago when everyone admitted that Moore law is no more. Or rather, it's not for everyone everywhere anymore. Sure, soon there will be some 3nm GPU even bigger than current ones and it will be several times as fast, but don't expect to purchase it in the store next corner for several hundred $. We did hit the technological wall. Small nodes will go head first into mobile world, enterprises, and speculators. Get used to switch GPUs less often and for higher price, just like we did with CPUs. Unless instead of miniaturisation some new kind of technology becomes available to keep up the pace. Stacking/chiplets are one of these. Moore's law should be updated with availibility and/or price ratio.
And yes. Both nVidia and AMD are mofos for not putting that issues straight and admitting that there will be no more availability and prices like we used to. Intel comes out most honest with sticking to the 10nm process and squeezing every last bit of performance out of it at decent price and availability.

 

[AusWolf]

Cards are produced for months before the release date to account for shipping and customs etc.
When you can afford to pay enough, AIBs can easily just sell you an entire shipping container worth of gpus well before "official launch".
Also, by the same principle mining firms can get their hands on "unoffical" mining bios or drivers.

That's fair enough, but the fact that miners (=scalpers?) can get their hands on quantities large enough to prevent whole product lines from hitting stores is worrying to say the least.

 

[Zubasa]

That's fair enough, but the fact that miners (=scalpers?) can get their hands on quantities large enough to prevent whole product lines from hitting stores is worrying to say the least.

It makes perfect sense for the AIBs actually, it is must cheaper and easier to just sell an entire shipment of cards to mining firms than it is to deal with all the tariffs and shipping etc.
(Many of these mining firms are based in China where the cards are produced)
Also mining firms runs their own software etc, so they often don't need any tech support. Selling to miners are just better business than it is to Gamers who are more likely to complain.
They also cut out the distributor and don't have to deal with shipping a handful of units to each store.
Or collecting RMA units and somehow economically ship them back to the service centers etc.

 

[newtekie1]

No one pointing out the fact that this article confirms that Gigabyte is not only prioritizing sales directly to miners but even pre-selling cards to them? Gigabyte should be getting driven into the ground with hate right now.

 

[Zubasa]

No one pointing out the fact that this article confirms that Gigabyte is not only prioritizing sales directly to miners but even pre-selling cards to them? Gigabyte should be getting driven into the ground with hate right now.

This is nothing new, the Pascal mining cards were also Gigabyte. Also from the recent Zotac drama, they have no issues with that either.

 

[ThrashZone]

Hi,
It's well known nvidia does not transfer warranties so buying from a scalper unauthorized retailer or a used one... from anyone really would be pretty silly purchase.

 

[TheoneandonlyMrK]

No one pointing out the fact that this article confirms that Gigabyte is not only prioritizing sales directly to miners but even pre-selling cards to them? Gigabyte should be getting driven into the ground with hate right now.

Let's do it, they're joining Zotac , Nvidia on the f right off list here.

At some point, like in the past, Gamer's sale's will matter again, then, then these companies will see who noticed.

 

[kmetek]

all miners should get shot

 

[newtekie1]

Hi,
It's well known nvidia does not transfer warranties so buying from a scalper unauthorized retailer or a used one... from anyone really would be pretty silly purchase.

With the exception of the small number of Founders Edition cards, which I don't think miners are even bothering with, nVidia isn't the one providing the warranty on the card. The actual manufacturer of the card is the one responsible for the warranty. Some manufacturers allow transfer of warranty(EVGA comes to mind) some don't.

Let's do it, they're joining Zotac , Nvidia on the f right off list here.

I honestly don't really see why the hate is being directed towards nVidia at all. They just manufacturer the chips and then distribute them to AIBs(with the exception of the small number of FE cards). The AIBs are the ones directly selling 90% of their stock to miners and only allowing a small trickle of cards to reach the market. They are the ones that should be getting the hate.

 

[xorbe]

gtx 1060 launch - $249 at retail
rtx 2060 launch - $349 at retail
rtx 3060 launch - $499 at retail

Not buying until $449 buys a notably faster card than our $449 gtx 1070 ti from 2017. Will a GTX 3050 be faster than a 1070 Ti? Seems like perf/$ has stalled for years now.

 

[ThrashZone]

With the exception of the small number of Founders Edition cards, which I don't think miners are even bothering with, nVidia isn't the one providing the warranty on the card. The actual manufacturer of the card is the one responsible for the warranty. Some manufacturers allow transfer of warranty(EVGA comes to mind) some don't.

Spoiler: Other content

I honestly don't really see why the hate is being directed towards nVidia at all. They just manufacturer the chips and then distribute them to AIBs(with the exception of the small number of FE cards). The AIBs are the ones directly selling 90% of their stock to miners and only allowing a small trickle of cards to reach the market. They are the ones that should be getting the hate.

Hi,
Yes but even evga has requirements for transferring warranties doubt any miner is going to register a product anyway along with any scalper lol

 

[TheoneandonlyMrK]

With the exception of the small number of Founders Edition cards, which I don't think miners are even bothering with, nVidia isn't the one providing the warranty on the card. The actual manufacturer of the card is the one responsible for the warranty. Some manufacturers allow transfer of warranty(EVGA comes to mind) some don't.



I honestly don't really see why the hate is being directed towards nVidia at all. They just manufacturer the chips and then distribute them to AIBs(with the exception of the small number of FE cards). The AIBs are the ones directly selling 90% of their stock to miners and only allowing a small trickle of cards to reach the market. They are the ones that should be getting the hate.

GPP, CMP, MSRP , the reasons are different for Nvidia IMHO but none the less anti consumer tat, IMHO.

Oh and report's of Nvidia shipping ampere kit's (chip+memory)to miner's on or pre release to build they're own card's, an indicator of just how balls they're 3060 lock is, they'll likely pass the bios codes to miner's with card kit's all behind the scenes obviously.
What really rubbed salt in though was the three seconds of MSRP availability direct from Nvidia.

 

[AusWolf]

It makes perfect sense for the AIBs actually, it is must cheaper and easier to just sell an entire shipment of cards to mining firms than it is to deal with all the tariffs and shipping etc.
(Many of these mining firms are based in China where the cards are produced)
Also mining firms runs their own software etc, so they often don't need any tech support. Selling to miners are just better business than it is to Gamers who are more likely to complain.
They also cut out the distributor and don't have to deal with shipping a handful of units to each store.
Or collecting RMA units and somehow economically ship them back to the service centers etc.

Again, it makes perfect sense, but it's still worrying, as it means that gamers will be left without graphics cards until bitcoin prices stabilise.