Nvidia 3000 Series Tonight

[Steven_RW]

FourWheelDrift said:

Steven_RW said:

"or offers"

£650.

There is nothing wrong with not being willing to pay the market price. It just means you won't own one.

[FourWheelDrift]

Anyone buying an overpriced 3080 now is going to look a dick in the next week or two when they will be able to buy an overpriced 3080 Ti instead.

[thatsprettyshady]

Steven_RW said:

There is nothing wrong with not being willing to pay the market price. It just means you won't own one.

This.

I put my 3080 FE up on eBay for bids, I got market price for it.

[Steven_RW]

FourWheelDrift said:

Anyone buying an overpriced 3080 now is going to look a dick in the next week or two when they will be able to buy an overpriced 3080 Ti instead.

You say that with a lot of confidence.

In my view the market price will just adjust itself. Maybe the 3080s will stay around £2k and the ti will be actually be more expensive (if I was to guess, I'd say that is likely). Maybe the 3080 will drop a little but the 3080 will still be a rocking fast gaming card and still be worth plenty.

Try buying a 2080ti right now. Similar situation. You may be ultra lucky and get one below £900 but that was their market price before the 30 series was announced, they took a little dip as people tried to sell before the market flooded but they bounced back.

It will also be interesting if you can mine with the 3080ti, if not than a 3080 that can mine at full capacity may actually be comparably attractive to a more power 3080ti that cannot earn you back the value of the card.

I believe there is more to this than your statement.

[Calza]

A 3080Ti won't mine though will it, so why would anyone buying a 3080 care about the Ti?

[halo34]

I still intend to sell my 3080 once a 3090 FE becomes available and pay a difference if needed.

CEX is still showing a silly price for mine 2nd hand, its just a matter of when/if I can bag a 3090.

[HRL]

I’ve got a 3090FE you have have for £3K. Is that how it works currently?

It’s not for sale but I’ve noticed 2080Ti’s still going for more than £1K. Think my son might notice if I swap it for the spare P6000 I’ve got in the cupboard.

fking mental at the moment.

[Lucas Ayde]

Steven_RW said:

You say that with a lot of confidence.

In my view the market price will just adjust itself. Maybe the 3080s will stay around £2k and the ti will be actually be more expensive (if I was to guess, I'd say that is likely). Maybe the 3080 will drop a little but the 3080 will still be a rocking fast gaming card and still be worth plenty.

Try buying a 2080ti right now. Similar situation. You may be ultra lucky and get one below £900 but that was their market price before the 30 series was announced, they took a little dip as people tried to sell before the market flooded but they bounced back.

It will also be interesting if you can mine with the 3080ti, if not than a 3080 that can mine at full capacity may actually be comparably attractive to a more power 3080ti that cannot earn you back the value of the card.

I believe there is more to this than your statement.

I have a horrible feeling that we are undergoing a bit of an economic 'paradigm shift' where the age of easily available, affordable, hi-tech gear is about to come to an end.

Desirable high-end kit will be super pricey and hard to come by.

I hope I'm wrong but I'm thinking that what I have now is going to have to last, as is, for 3-4 years at minimum. And I might not be in great financial shape by the end of that time anyway,

[Steven_RW]

Lucas Ayde said:

Steven_RW said:

You say that with a lot of confidence.

In my view the market price will just adjust itself. Maybe the 3080s will stay around £2k and the ti will be actually be more expensive (if I was to guess, I'd say that is likely). Maybe the 3080 will drop a little but the 3080 will still be a rocking fast gaming card and still be worth plenty.

Try buying a 2080ti right now. Similar situation. You may be ultra lucky and get one below £900 but that was their market price before the 30 series was announced, they took a little dip as people tried to sell before the market flooded but they bounced back.

It will also be interesting if you can mine with the 3080ti, if not than a 3080 that can mine at full capacity may actually be comparably attractive to a more power 3080ti that cannot earn you back the value of the card.

I believe there is more to this than your statement.

I have a horrible feeling that we are undergoing a bit of an economic 'paradigm shift' where the age of easily available, affordable, hi-tech gear is about to come to an end.

Desirable high-end kit will be super pricey and hard to come by.

I hope I'm wrong but I'm thinking that what I have now is going to have to last, as is, for 3-4 years at minimum. And I might not be in great financial shape by the end of that time anyway,

I agree that this all may last for a while. It would need a big shift down in demand or majorly up in supply to change things.

I've bought nine 2080tis in the last three months and a 3070. At the time you always question if you are over paying and if so, by how much and will it matter. I'd say that ALL of the cards I have bought could now be sold for higher than purchase price. Try buying a brand new gigabyte gaming oc 3070 for any price in the £800s. Again, no chance.

I also think people are getting better prices for their old cards (I sold an old zotac 1080 gtx mini for £400! Which made the leap to say, a £875 3070 seem far less painful. The biggest losers are folk with no card to sell but they have a pc so don't want to buy a prebuilt just to secure the gpu card model they want.

I am a playstation fan but I've held off buying a ps5 till I can buy one for retail price. I'm not sore about it as if I really want one I can buy one on ebay straight away and just pay that extra. Initially I thought PS5 would be available in the shops.by say March but that proved to be vastly hopeful .

[Lucas Ayde]

Steven_RW said:

I agree that this all may last for a while. It would need a big shift down in demand or majorly up in supply to change things.

I've bought nine 2080tis in the last three months and a 3070. At the time you always question if you are over paying and if so, by how much and will it matter. I'd say that ALL of the cards I have bought could now be sold for higher than purchase price. Try buying a brand new gigabyte gaming oc 3070 for any price in the £800s. Again, no chance.

I also think people are getting better prices for their old cards (I sold an old zotac 1080 gtx mini for £400! Which made the leap to say, a £875 3070 seem far less painful. The biggest losers are folk with no card to sell but they have a pc so don't want to buy a prebuilt just to secure the gpu card model they want.

I am a playstation fan but I've held off buying a ps5 till I can buy one for retail price. I'm not sore about it as if I really want one I can buy one on ebay straight away and just pay that extra. Initially I thought PS5 would be available in the shops.by say March but that proved to be vastly hopeful .

I now have my 3070 so I'm pretty happy with the PC and what it can do. My PS4 Pro has been pretty underused and will be enough for me for the time being. When the PS5 (or some revision of it) becomes easily available at 450 or less I'll get one.

Surprised that it is still so hard to get - GPUs have the excuse of crypto demand putting more pressure on prices but you can't say the same for consoles. It could be a sign of wider supply side issues as well as increased lockdown demand (which should have been tapering off).

[dapprman]

Was trying to find info on a BBC IBM interview on the register (where they say another year or two for production issues) but nada, however they do reference a Gartner press release (which tend to be more accurate than their magic squares (which they still claim are not sponsored) which says things will be bad until Q2 2022.

[FourWheelDrift]

I read somewhere that Nvidia had made more 30xx series cards than any other previous series. Also in just 6 weeks there were over 14,000 cards were sold on Ebay. - https://wccftech.com/over-14000-nvidia-gpus-have-b...

Supply has actually been high but demand has been higher and I think most of the demand is purely to flip it and make easy money.

[Steven_RW]

Buy and flip demand is driven by REAL demand of end owners, otherwise there would be a lot of people with unsold cards..

[FourWheelDrift]

The price is high because of all the cards taken by miners, reducing the number available for normal people to buy but of those normal buyers the urge to buy and flip is great.

[dapprman]

Thing is if it were just down to mining then other industries and techs would not be affected by the lack of chops - motor industry has been hit heavily with a number of big names halting production in recent months as they can't get the processors.

[halo34]

If the chip situation is as dire as IBM saying it could be 2yrs, I wager the rock is the mining and hard place is chip supply now.

I can't see that mining is suddenly going to become unprofitable for 12 months so really chip supply is probably key to this getting better.

[Calza]

Isn't Eth going POS in 2022 which will have a huge impact on demand, and the market will flood with a more reasonable supply?

[halo34]

Calza said:

Isn't Eth going POS in 2022 which will have a huge impact on demand, and the market will flood with a more reasonable supply?

Thats based on an assumption that other coins will remain unprofitable.

Personally I rather suspect that may be wishful thinking - I have a 3080 and could hypothetically mine Ravencoin just now. It's pretty low price but it would still net me £100 a month after electric.

Its more likely the upsurge in feeling towards high intensity mining on GPUs swings us towards HDD mining or more coins go down POS.

[dapprman]

I've found the BBC article on the interview with the president of IBM

[Lucas Ayde]

Steven_RW said:

Buy and flip demand is driven by REAL demand of end owners, otherwise there would be a lot of people with unsold cards..

Miners will buy as well ... at the moment, a powerful GPU is a money printing machine. Whether or not it will stay that way is another matter, likely not for long enough to make back the cost of the card if you are paying crazy prices but miners probably reckon that they can sell the card back onto the market for a good price and make a nice profit overall.

This is the way that the market works - although things look bad right now it's not beyond the realms of possibility that a few months down the line there could be a total glut of GPUs for sale if miners dump cards.