Looks like you need lots of catching up to do ! ill summarize it !
 
Miners were after all new cards and on top of that pandemic happened, people stayed in their homes, they had nothing to do but to do everything remotely, they bought more cpus and gpus, people who make cpus and gpus also stayed in home, less production more demand and lastly scalpers came into play, they took the few remaining gpus off the stores and put them on ebay for 2.5x profits !
 
then you and me landed here with no gpus to find 
 
 

ankido
Will the GPU Industry ever bounce back or are we stuck with onboard GPU's?

To add to what's been summed up already: the industry is obviously trying to increase production capacity and a few of them have solid plants that they've announced publicly. However a complex chip production factory isn't built in a day, so they expect those new fabs to be up and running around 2023 roughly. More short term solutions will probably bear fruit in 2022, like Sony's & TSMC's decision to produce the PS5 chip on a 6Nm node instead of 7, which will increase the yield per wafer produced, so more chips in the same amount of time and probably cost.
 
Here in the EU large companies have made plans to be less dependant on foreign companies so we'll probably see more specialized production over here in the future. We do have ASML which has a near monopoly on the machines that create the actual chips, so these plans should be concrete.


Now we should all just hope the pandemic will end soon, cause it aint helping things in the slightest :)

- Limited fab capacity that is inflexible and has to be reserved for many months in advance.
- Pandamic lockdowns causing issues in production worldwide, factories stopping due to pandamic.
- Pandamic lockdowns causing issues with transport with border. GPUs are air-transported, competing with vaccines.
- Pandamic lockdowns causing the richer half of the world suddenly having a population that is bored enough to turn to gaming and/or has to do home office/online schooling -> high demand.
- General chip and electronics shortages
- Mining of ETH, which is GPU-based, has taken off like mad in 2021. Eth has gone from 200$ in 2020 to 4000$ as of writing. Gamers are now competing with miners for cards. Miners can pay more because the price of the card will be returned, allowing distributors to double prices (at the minimum) and still sell out instantly. Scalpers have become aggressive due to the potential for high profits, increasing bot usage. While shortages were present in 2020 and likely persist even if ETH stops being profitable, the prices have gone crazy due to mining.
 
My advice? Try to get a used card that you can test. Maybe a 1080. Forget anything beyond.

retailers need to get rid of the scalpers there the main problem those idiots are to stupid to even use the hardware

Wow.... how long have you been in a coma?.... lol.... the current situation started 9 months ago

Everything is in turmoil.
Look at the house market, here in Minnesota buyers must offer 20% over asking price in order to buy a house 

It's not just the GPU industry, almost all areas that have to do with semiconductors are in dire straits right now, from cars to coffee machines, anything could become a problem.

Your 2070 should be under warranty assuming it's a 3 year warranty.

Damm scalpers...

i believe the market is started to get saturated. I've been able to see 1650 super and 5700x at my local microcenter so I'm hoping within couple of months we would get any graphics card we want.

Is there any research out there that is looking at a project calming of the GPU market?

i heard it won't be until at least mid 2022 that the industry starts to recover.