Lots of stock in for 1080 ti and 1080 cards

cmstorm2008

repo1979
Lots of stock in for 1080 ti and 1080 cards

Yes, and the next best thing is to watch the MSRP to revert back to the old level. Can't wait to see that.

+1
I got a lovely email from EVGA  a few days ago, excitedly (for them) telling me that as a "valued Elite member" that there was stock of GTX1080ti Elite cards.
And since they love us gamers, they had a special "elite" discount price when added to cart. 
What was this I thought? Could they actually mean what they said about wanting to look after their core customers and sell cards at the original MSRP?
Of course, hoping we had already forgot that in the space of a few weeks, they increased their own MSRP by 40%? 
 
Nope. My valued customer discount was $25. You read that. $25 off a card that's already being sold by the company who MADE THE THING for $450 more than their own MSRP. So what a deal I was getting at $1004.00 (plus $35 shipping - anyone noticed that they jacked the price on shipping too?)
But it's not the crypto guys anymore. It's those mean DRAM manufacturers that are driving up the prices!! 


So, I added one for giggle - I mean, how could I pass on those savings! Guess what? The date of manufacture of the card was close to a year ago.
 
So, where was it sitting all this time when they claimed that those dirty miners had taken all the inventory?


These guys are crooks. This is proof that they have been controlling the supply of these cards, using the crytpo mining frenzy to artifically create a sense of urgency and panic in gamers, thereby 'justifying' their massive price hikes. 
And with more and more brand new cards pouring into the market, if anyone bothers to look at the date of manufacture they will likely find the same thing.
 
That we were screwed, conned and had our pockets robbed by nothing more than opportunistic marketing.
The card is being returned BTW - I already had one, I was just curious to see if EVGA actually were telling the truth.
Turns out that couldn't have been farther from the truth.

zerocool101
These prices are INSANE!!!!! No way these should be this high. When NV has stock cards at MSRP these are 30% higher cost? Really???

Unfortunately, the more people pay, the worse the situation gets.
It's pretty obvious they are trying to set a new price for gaming cards:
 
1. Use the media attention on cryto currency miners to restrict supply
2. Create sense of urgency and panic in the gaming community
3. Introduce insane card (Titan V - $2999) that explodes previous price of Titan cards
3. Massively inflate prices of consumer level cards (GEForce) to the point where only the minority will buy (like when they were selling for $1500)
4. Reduce prices drastically ($1000-1100)
5. Change people's perception of what they should cost
6. Goal achieved - high end GPU's sell for $1000-1500
 
Don't believe me?
I predict the next gen cards will retail for $899-999 with the 'Ti' version at $1299 give or take.
 
You won't hear anything about crypto currency miners for a long time as mission accomplished (oh, and they are moving to ASIC rigs which are far more efficient than GPU's for mining)
 
PS - isn't it incredibly interesting that this 'flood of used GPU's' we would see just NEVER happened?
The price of BTC has gone from nearly $19000 to less than $7000, making it barely profitable - an i78700K GTX1080ti system will make under $2 if left to mine using NiceHash for 24 hours. At $0.15 Kw/h electricity costs to power this PC for 24 hours, this is not profitable.
 
Everyone needs to step back and look at the facts and realize that we have the power to control GPU prices. Not Nvidia or the DRAM companies. If even 25% of gamers decided NOT to buy the next gen cards because they will be nearly $1000, I can guarantee you would see prices back in the $700 range.
But that won't ever happen because people are fickle and unfortunately these corporations know that.

I'm sure the cards were manufactured then, without vram.

Reminder:
If you live in the US, it is a capitalistic economy and supply and demand is the general rule.
 
Economics 101:  If the supply goes down, or if the demand goes up (or both) you can bet your bippie the price will go up.
 
Hint: increase the supply or decrease the demand - next thing you know there is a "SALE" on all websites. Companies WILL clear inventory...
 
It's not personal, it's just business. Don't blame EVGA...

 
BINGO!
 
There are likely plethora of seemingly plausible reasons why these companies could defend themselves against little consumers like me (and you) from showing that the manufacture date of the card was long ago and they did have stock, which they were actually carefully trickling out to keep prices high.
It's the crypto guys, it's the DRAM guys.....unmmm, "get our marketing department to make up some new crap to stop these people realizing what we are up to!!" 
"They didn't fall for that little trick we tried to play by creating a mining specific card that cost almost the same as a gaming card, when they realized that miners aren't stupid and why buy a product that is worth nothing when GPU's are no longer profitable which is why they all buy cards they can resell"
I'll admit that was pretty clever.....lol
 
As jlmatter said, it's a supply demand thing.
None of this has ever had really much to do with crypto miners, they were a media fuelled story that was likely funded by Nvidia in the first place!
GPU mining profitability is no longer viable unless you have massive farms of GPU's using your own power.
Any serious miner - ya know, the ones who were apparently taking all the GPU stock? The smart ones have moved on to ASIC machines, yet where's this flood of used GTX GPU's? 

Seriously EVGA, MSI, NVidia etc - where is this flood of used GPU's that you swore were all purchased by miners?
Serious miners are businessmen, they don't give a crap about how pretty that hardware makes a game look. And they will offload simply as used business hardware. Yet, there's no sign of all these GPU's that millions of gamers wanted that you said miners had bought.
The market should be awash with GPU's right now as miners try to take advantage of the remnants of this hyped up nothing?
But it isn't. 
 
And maybe that's why you raised your own MSRP? That had me thinking for a while. And I think you did it to stop the bubble bursting before you could offload your remaining stock before the next gen card. As prices of used cards begin to drop who in their right mind would buy a card that's been flogged to death 24/7 doing work that it was never designed to do and who knows the damage and wear that has been caused? Then we will see you guys get a reality check and back it down. 
You might lose some money, but you guys are so far ahead, it doesn't matter.
Only the damage to your reputation and trust matters.
 
Your pants are down and I for one hope that there is a full investigation and you guys get fined for price fixing.
Not because I believe that it will really hurt you that much, because any good business plan accounts for fines and the like of which the DRAM industry has been subject to for years. It's simply the 'costs of doing business', and sadly the uninformed consumer thinks when your industry is fined a few hundred million that they won. But you already factored that in. Just like pharmaceutical industries. They know a drug will likely show some serious side effects and deaths down the road, but until litigation proves the drug was the cause (which takes years while the drug continues to be sold), the money keeps rolling in.
And these poor people who have lost loved ones think they won. But it was all in the cost of doing business plan and the few million/hundred million is nothing when they made billions until they had to pay out.

What does matter is the stubborn ones among us.
The ones that have been loyal to your brand, and that loyalty was disregarded when you increased the price on your very own MSRP by over 40% on hardware you already had sitting around, laughing while kids trying to game were spending money they really didn't have to spend. That sticks, and that's what will hurt you.
Alone we are nothing. Together WE DECIDE if you will be profitable or not. DRAM companies won't drop their prices? Sure they will when a huge percetage of their profit relies on the GPU industry. Supply and demand baby!
And thats the day you all fear more than anything on this planet. A growing mass of consumers who realize they have been played and use their combined strength to dictate what they will pay and you either supply or you disappear.
 
But that's the dreamer in me perhaps.
You no longer have a customer in me. And sure, I don't matter. But 100,000 of us going elsewhere for our hardware. That will sting.
 
Peace out.
 
 

Globespy

cmstorm2008

repo1979
Lots of stock in for 1080 ti and 1080 cards

Yes, and the next best thing is to watch the MSRP to revert back to the old level. Can't wait to see that.

+1
I got a lovely email from EVGA  a few days ago, excitedly (for them) telling me that as a "valued Elite member" that there was stock of GTX1080ti Elite cards.
And since they love us gamers, they had a special "elite" discount price when added to cart. 
What was this I thought? Could they actually mean what they said about wanting to look after their core customers and sell cards at the original MSRP?
Of course, hoping we had already forgot that in the space of a few weeks, they increased their own MSRP by 40%? 
 
Nope. My valued customer discount was $25. You read that. $25 off a card that's already being sold by the company who MADE THE THING for $450 more than their own MSRP. So what a deal I was getting at $1004.00 (plus $35 shipping - anyone noticed that they jacked the price on shipping too?)
But it's not the crypto guys anymore. It's those mean DRAM manufacturers that are driving up the prices!! 


So, I added one for giggle - I mean, how could I pass on those savings! Guess what? The date of manufacture of the card was close to a year ago.
 
So, where was it sitting all this time when they claimed that those dirty miners had taken all the inventory?


These guys are crooks. This is proof that they have been controlling the supply of these cards, using the crytpo mining frenzy to artifically create a sense of urgency and panic in gamers, thereby 'justifying' their massive price hikes. 
And with more and more brand new cards pouring into the market, if anyone bothers to look at the date of manufacture they will likely find the same thing.
 
That we were screwed, conned and had our pockets robbed by nothing more than opportunistic marketing.
The card is being returned BTW - I already had one, I was just curious to see if EVGA actually were telling the truth.
Turns out that couldn't have been farther from the truth.

 
not at all surprised. i suspected this all along actually. jacob with the mystery trickle of cards. i mean fabs don't make 10 cards they make 10s of thousands. there may have been a vram shortage as they didn't want to pay going rate. perhaps a lot of unfinished cards on the side? who knows but they absolutely took advantage of the situation. 
 
i know any loyalty i had to EVGA is long gone after this last stunt
 
what i truly don't get and i mean truly is why nvidia is running their business to keep supply low? sure margin goes up but sales volume goes down and you build resentment in the customer

I honestly would not bet on a pop for next quarter earnings at Nvidia. Supply has been low and demand has fallen off a cliff. I would bet on a fall way before I would a pop. The demand we saw a few months ago was heavily influenced by mining. I mean you could pay a card off in roughly six months people would calculate. Right now that's out the window. It takes nearly two years to pay off a card. It's actually going to take longer than that because difficulty is going to go up over those two years so it's basically unprofitable. If Nvidia saw that demand and actually expected it to continue they would be completely wrong but I don't think they're quite that dumb which goes back to the original question of why Supply was restricted. Sure it creates a pop at the time. Sure it creates some headlines like demand is off the charts. Long term though it's not. Gamers resent it and as you can see with mining they have no interest. Card sales will have fallen off a cliff in this current quarter. Perceived value also doesn't make any sense because we are at the very end of a life cycle. If they released Next Generation in small quantity and built the demand I can see that argument because it would have that perceived value. It would be the fast thing on the Block for the next couple years

best buy got a resupply of nvidia FE cards on the west coast at least. $29 over msrp making a $429 1070 or $579 1080

Prices do indeed seem to be stabilizing.  You can see the leading edge of this in the huge number of used cards hitting the market now and prices on those dropping.  Hopefully, all this madness will blow over soon (until the next crypto blows up).

Thanks for the heads up kram36.

jangobango
Coincidence that since bitcoin crashed, people have been fighting to sell their GPUs? And they say miners didn't cause the pricing..

If you look at the timeline comparing when cryptocurrency started to crash and when the video card supply started to reach its lowest, there is no correlation at all.  In fact, the correlation in the numbers would somehow try to convince you that the crash of cryptocurrency caused an increase in GPU demand.  Explain that and blame miners at the same time: you can't.  The cryptocurrency crash has been happening for 4 months.  During those 4 months, video card demand and prices have peaked week after week.  All evidence shows that the cause has been other things, not mining.
 
"Those stink'n miners!"  has been a scapegoat.  It worked well.  It worked so well that somehow some people (mostly "gamers") still believe it despite all of the evidence, research, and news articles to the contrary.  Some people only believe and surround themselves with the news and headlines which follow their preconceptions.
 

squall-leonhart

jangobango
Coincidence that since bitcoin crashed, people have been fighting to sell their GPUs? And they say miners didn't cause the pricing..

bitcoin can't be mined on a  gpu so, yeah. exits on the left.

That illustrates so well the understanding of the person making such an argument.
 

squall-leonhart
I'm sure the cards were manufactured then, without vram.

Very likely.

Dayton-937
I'm curious to see if the substantial gains in the last 24-48hrs will influence stock

I think those gains are the result of the dumping of the old Mt. Gox coins back into the market and won't likely sustain themselves for too long. They've been breaking up all the BTC into smaller sales following the Mt. Gox collapse to liquidate the assets and those overnight $1000 increases are a result IMO

EVGA GTX 1080 SC $599.99 at Newegg.
 
https://www.newegg.com/Pr...x?Item=N82E16814487244

EVGA GeForce GTX 1070 Ti SC $509.99 at Newegg.

https://www.newegg.com/Pr..._-14-487-387-_-Product