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Hot!Here's a novel idea to help with price gouging

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Globespy
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2018/01/23 09:43:57 (permalink)
I read recently that GPU manufacturers are asking retailers to limit sales to 2 per customer in an attempt to somehow show that they care for their main customer base who are feeling the pain of insane prices that IMO are being artificially hyped with this crypto currency thing.
Yeah, pass the buck to the guys who have the least incentive to reduce prices! Brilliant idea!
No, the solution comes from the source.

If EVGA wants to truly make a difference and keep customers, how about they sell directly to customers, limiting to one unit per customer.
BUT AT THE ORIGINAL MSRP.

Then we will see where the focus is, and if there's really good intent. Of course miners will buy too but since miners are a tiny percent of total customers, this should quickly see change behind to happen again.
Sure, there's always the people who will try to resell for massive profit, but if EVGA keeps production to supply one unit per customer then the majority of customers (regular PC gamers etc) will get a new card and the price gouging stops.
It's also likely to make EVGA much more popular as a brand and will cause other manufacturers to follow suit.

But we won't see that happen will we?
Exactly, because this frenzy is good for business.
Or maybe EVGA actually cares and will do something about it before they kill off the PC gaming community.
I won't buy another card at these prices out of pure principal. And many just can't afford to spend that money.
Great news for the console industry, the Xbox One X sitting in my media room just got a whole bunch more interesting from a value for money perspective, and with 4K gaming and coming keyboard and mouse support, what's the point of having a $3K PC moving forwards?

GPU manufacturers need to drive the change they want to see. It's really a question of whether they really want to or not.
Anyone else thinking the same thing?
post edited by Globespy - 2018/01/23 09:50:25
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    yodap
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    Re: Here's a novel idea to help with price gouging 2018/01/23 09:49:46 (permalink)
    Yup!


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    bill1024
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    Re: Here's a novel idea to help with price gouging 2018/01/23 11:04:53 (permalink)
    I think the best way to solve this is for manufactures to ramp up production and meet demand.
    Not sure but I'll bet they are gearing for production of the next series of GPUs and had to cut production of the last series to do so.
    I put the blame for this on the manufactures who are not meeting demand.
    With a high demand for the product they make now seems silly not to make more, sell more, make more $$
    It is not like stores get more and sell out, no one anywhere seems to be getting stock in. I am not getting any in stock notices.
    To limit people to one or two cards is not fair either, what if I want to build 3 systems with GTX10XX sli so my two kids and I can play "games" together in the house. I need six cards then.
    I think it is bad business practice to not meet demand. They need to make more cards.

     
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    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/23 12:18:50 (permalink)
    bill1024
    I think the best way to solve this is for manufactures to ramp up production and meet demand.
    Not sure but I'll bet they are gearing for production of the next series of GPUs and had to cut production of the last series to do so.
    I put the blame for this on the manufactures who are not meeting demand.
    With a high demand for the product they make now seems silly not to make more, sell more, make more $$
    It is not like stores get more and sell out, no one anywhere seems to be getting stock in. I am not getting any in stock notices.
    To limit people to one or two cards is not fair either, what if I want to build 3 systems with GTX10XX sli so my two kids and I can play "games" together in the house. I need six cards then.
    I think it is bad business practice to not meet demand. They need to make more cards.


    With this and NVIDIA Needs to Make More GPU Chips to support make more cards, NVIDIA is the One Holding Everyone Back.
    Supply and Demand, Low Supply High Demand Higher Prices.
    post edited by bcavnaugh - 2018/01/23 12:20:31


    #4
    ty_ger07
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    Re: Here's a novel idea to help with price gouging 2018/01/23 12:24:31 (permalink)
    A more novel idea: Everyone in the world, stop paying more than MSRP. If no one buys it for greater than MSRP, gougers will stop gouging. Ok, world, do your part. Lol.
    #5
    orozco89
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    Re: Here's a novel idea to help with price gouging 2018/01/23 12:38:32 (permalink)
    Sadly nothing will change unless Nvidia steps in.
     
    They need to either put out dedicated mining GPU's without any display ports for more competitive pricing (not likely), or they need to somehow cripple their current/upcoming GeForce cards through firmware (way less likely to happen).
     
    Bottom line is that the retailers are the ones screwing the customers not the manufactures, and for good reasons. Retailers are just as cautious as consumers who trade stock. They don't want to bet big on something as volatile as crypto currency mining because if the damn thing busts, then they will have a ton of fools trying to return a bunch of open product. Eventually prices will rise to a point where it wont be profitable to mine, in which case we'll have a new market equilibrium. When that happens, perhaps stores will be able to find that "sweet spot" for their inventory so that prices wont be too bad. 
     
    *Apologies if my economic theory is all over the place, it's been a few years.
     
    #6
    Grey_Beard
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    Re: Here's a novel idea to help with price gouging 2018/01/23 13:03:37 (permalink)
    Market hysteria is just that. No way to control it. Not sure this is truly nVidia’s fault. If I remember correctly the limited supply was from GDDR5 and HB memory. If you try and buy anything today with a RAM chip the prices are very high. There was a glut a few years back, so the manufacturers pulled back. That would have been fine, but then the mining craze hit that no one anticipated. Market forces do crazy things. With HB2 there are also production problems. As with most new technologies, being able to gauge production efficiency, output and timing can be difficult. This will calm down. If you are in a rush to build a PC, then that is a problem, but if you can wait then prices will normalize. The next generation will help. Another thing is that I will not buy a used GPU from this point forward. Do not want one that has been beat to almost death before me.


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    bill1024
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    Re: Here's a novel idea to help with price gouging 2018/01/23 13:04:50 (permalink)
    ty_ger07
    A more novel idea: Everyone in the world, stop paying more than MSRP. If no one buys it for greater than MSRP, gougers will stop gouging. Ok, world, do your part. Lol.



    Ding ding ding we have a winner!
    That goes for GPUs, concert/sports tickets and everything else scalpers get involved in.
    Would be nice if they buy a couple dozen cards to scalp and get stuck holding the bag if prices drop.

     
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    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/23 13:06:53 (permalink)
    bill1024
    ty_ger07
    A more novel idea: Everyone in the world, stop paying more than MSRP. If no one buys it for greater than MSRP, gougers will stop gouging. Ok, world, do your part. Lol.



    Ding ding ding we have a winner!
    That goes for GPUs, concert/sports tickets and everything else scalpers get involved in.
    Would be nice if they buy a couple dozen cards to scalp and get stuck holding the bag if prices drop.





    #9
    EVGA_JacobF
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    Re: Here's a novel idea to help with price gouging 2018/01/23 13:19:29 (permalink)
    Actually all the stock currently at EVGA.com is limit 1 per customer/household. We are continuing to add more stock daily/weekly.


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    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/23 13:31:28 (permalink)
    Enthusiast Computing is what EVGA is Know For and now we are being stopped Dead in our tracks because of Miners, IMO
    The Only Reason I got back into it and stopped buying Dell and HP.
    EVGA (This Forum) got me into Folding at Home and BOINC and now our hands are being tied, I know this is NOT EVGA Fault or can do anything about.
    It is just sad for The Enthusiast and Even Benchmarking is being hit hard, oh I forgot the Gamers. Sorry
    post edited by bcavnaugh - 2018/01/23 13:42:51


    #11
    wmmills
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    Re: Here's a novel idea to help with price gouging 2018/01/23 15:05:47 (permalink)
    ty_ger07
    A more novel idea: Everyone in the world, stop paying more than MSRP. If no one buys it for greater than MSRP, gougers will stop gouging. Ok, world, do your part. Lol.

    +1.... also you cant just say hay NVidia ramp up your production because that falls on the fab to do and they are usually running at capacity as it is. They have other customers orders to deal with plus they have to tool up for the next iterations, do sample runs etc.... Its just not that easy. This can only be solved at the store/distributor level. They need to control there greed and do the right thing for everyone and put some conditions on purchases and stick to them. Period.

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    #12
    greenblattsam
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    Re: Here's a novel idea to help with price gouging 2018/01/23 21:43:49 (permalink)
    I have managed to get a 1080ti through EVGA directly which saved me some cash over Newegg and the lot. It was worth the wait for it to come in stock than rather go to another retailer.
    #13
    Blitqz
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    Re: Here's a novel idea to help with price gouging 2018/01/23 23:42:44 (permalink)
    I support this idea
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    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/24 10:14:46 (permalink)
    Blitqz
    I support this idea


    What Idea?


    #15
    XrayMan
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    Re: Here's a novel idea to help with price gouging 2018/01/24 20:51:23 (permalink)
    bcavnaugh
    Blitqz
    I support this idea


    What Idea?




    Referring to Post #1 I'm guessing.   ;)

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    TCT1911
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    Re: Here's a novel idea to help with price gouging 2018/01/25 10:31:12 (permalink)
    Pricing across retailers and online sellers is through the roof. 2x the MSRP in many cases. Mirco Center jacked their prices this week and now inventory is sitting. 
    #17
    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/25 10:36:18 (permalink)
    Mirco Center did not jack up their Prices, They updated them to the new OEM MSRP is all.


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    badFerret
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    Re: Here's a novel idea to help with price gouging 2018/01/25 11:48:11 (permalink)
    From my experience everything that comes in stock is gone before you can actually complete through the checkout process.....it seems to me it goes in stock, you add to cart, sign into paypal, last screen...out of stock.  So they must be using bots or something.  Can't they just add more captcha type technology to stop the bots?

     



     
    #19
    chachilongshot
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    Re: Here's a novel idea to help with price gouging 2018/01/25 14:47:08 (permalink)
    New stock was added, but only for Elite members :(
    #20
    bcavnaugh
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    Re: Here's a novel idea to help with price gouging 2018/01/25 16:31:36 (permalink)
    chachilongshot
    New stock was added, but only for Elite members :(


    This is the Only Card I see in stock
    EVGA GeForce GT 1030 SC, 02G-P4-6338-KR, 2GB GDDR5
    As far as Elite Members Having any Stock is not really the case.
    post edited by bcavnaugh - 2018/01/25 16:34:29

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    badFerret
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    Re: Here's a novel idea to help with price gouging 2018/01/26 13:46:05 (permalink)
    Maybe the mfg should list the cards for twice as much, but make a rebate for half the cost....and make the rebate 1 or 2 per household or whatever.  They don't have to do this forever.  Just list them in batches on the website.  List 10,000 cards for double the cost, and a rebate only valid for a short timefame.  Then when rebate is over, trickle in some normal price for a month.  Then go back to rebate.  Do it off and on until it's not such a problem.

     

     
    post edited by badFerret - 2018/01/26 13:51:21



     
    #22
    Mr_Johnson
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    Re: Here's a novel idea to help with price gouging 2018/01/27 01:59:13 (permalink)
    I personally think the EVGA Elite Exclusive stuff is only hurting the situation. Miners who already have managed to nab a card before it goes out of stock and registered can more easily purchase another card than someone who just wants their first one for gaming.
    #23
    rjohnson11
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    Re: Here's a novel idea to help with price gouging 2018/01/27 02:05:19 (permalink)
    Mr_Johnson
    I personally think the EVGA Elite Exclusive stuff is only hurting the situation. Miners who already have managed to nab a card before it goes out of stock and registered can more easily purchase another card than someone who just wants their first one for gaming.


    I guess there are always ways to cheat a system but EVGA is doing the best they can to limit GPU purchases.

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    Mystikalrush
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    Re: Here's a novel idea to help with price gouging 2018/01/27 02:48:23 (permalink)
    Nvidia needs to do something and fast, i cant imagine these 10 series cards to continue to be sold at this rate. GP104 is nearly 2 years old, and a refresh is in dire need. However, they maybe playing it safe with all this crypto and building stock or other variation, which in turn is making there profit continue while milking pascal cards to death. All in all, when 11 series comes, we will be in the same boat of demand, unless they miraculously have an over abundance readily available and with wishful thinking, as a reasonable msrp.

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    #25
    Polycount
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    Re: Here's a novel idea to help with price gouging 2018/01/27 12:07:18 (permalink)
    I'm getting extremely frustrated with the pricing situation, but at the same time, I understand why manufacturers haven't increased production yet.
     
    Couple reasons.
    • First, it's not as easy as "just ramping up production." They need to build new facilities, hire new staff, and deal with all the logistics that go with that. That is not a 1 or 2 month process.
    • Nobody knows how long this crypto BS will last. Because it's unpredictable, manufacturers could be left eating a huge loss if they produce too many cards only for the market to crash for an extended period of time.
    I hate the situation as much as anyone, but manufacturers are just being left in a ****ty spot right now. Not much they can really do about it. I guarantee you they would prefer regular gamers as customers. Good reasons for why in this article, it doesn't just cover the story, it also offers a unique perspective:
     
    Best bet for most of us right now is to simply set up auto notifications and try to hop on them ASAP.
     
    #26
    SierraWolf117
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    Re: Here's a novel idea to help with price gouging 2018/01/27 14:07:17 (permalink)
    bill1024
    I think the best way to solve this is for manufactures to ramp up production and meet demand.
    Not sure but I'll bet they are gearing for production of the next series of GPUs and had to cut production of the last series to do so.
    I put the blame for this on the manufactures who are not meeting demand.
    With a high demand for the product they make now seems silly not to make more, sell more, make more $$
    It is not like stores get more and sell out, no one anywhere seems to be getting stock in. I am not getting any in stock notices.
    To limit people to one or two cards is not fair either, what if I want to build 3 systems with GTX10XX sli so my two kids and I can play "games" together in the house. I need six cards then.
    I think it is bad business practice to not meet demand. They need to make more cards.


    I really hope this is the case, because the inflation is massive right now. Hopefully they do meet demand by going full force on the next gen cards coming out because like you said, it seems stores aren't getting anything in stock at all, not just simply selling out after each shipment.
    #27
    Calad
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    Re: Here's a novel idea to help with price gouging 2018/01/27 16:16:29 (permalink)
    I wish it weren't so hard to obtain elite status!
    #28
    Nereus
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    Re: Here's a novel idea to help with price gouging 2018/01/28 00:02:29 (permalink)
     
    It's not just GPU's - the GPU prices now are a result of an inability to meet unexpected demand, but look at RAM prices, what's their excuse? I purchased 4 x 8GB 3000MHz Corsair Dominator Platinums [link] for $250 in March 2017. They are now $450, less than a year later (and have been priced like that for months).
     
    I wish my salary would increase like that!
     
     
     


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    #29
    DontPanic_42
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    Re: Here's a novel idea to help with price gouging 2018/01/28 00:08:00 (permalink)
    I heard the RAM was going up in price too. Glad the ones I got are still the same price. At 16gb at the moment and want to double it soon. 
     

     
     
    post edited by DontPanic_42 - 2018/01/28 00:10:23
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