Channel_4
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LHR was introduced in order to make nvidia's newer cards less appealing to miners. Despite this being introduced around 4 to 5 months ago, prices have seemingly not changed. What went wrong? Why isn't it working as intended? Have miners found a way to disable this feature?
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Lordred
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Re: LHR and Scalper Pricing
2021/09/19 14:35:31
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Because 50% hashrate is still very profitable for them.
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bavor
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Re: LHR and Scalper Pricing
2021/09/19 14:55:31
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Because its still profitable to mine ETH at 50% hash rate and because LHR only reduces the hash rate for a few mining algorithms while allowing other profitable coins to be mined with no reduction in hash rate.
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kraade
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Re: LHR and Scalper Pricing
2021/09/19 15:35:07
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It is showing up in the market some, old used 3080s can bring 600 more than a new in box LHR card. It has hit the Ti resale value hardest
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Channel_4
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Re: LHR and Scalper Pricing
2021/09/19 16:21:34
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Why don't they lower it more then?
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rawalshree
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Re: LHR and Scalper Pricing
2021/09/19 21:03:27
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There's still a lot of demand for those cards even after LHR. I don't think introducing LHR has discouraged miners to not buy the cards. As other members here already mentioned if not Eth, miners can still use these cards to mine other profitable crypto coins.
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ty_ger07
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Re: LHR and Scalper Pricing
2021/09/19 22:02:16
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I think you started off on the wrong foot by believing that miners accounted for the majority of demand. If you realize that miners don't account for the majority of demand, then you realize why lowering the hash rate doesn't have a major affect on the demand of the cards or the prevalence of scalping. Researches estimate that miners purchased around 25% of the video cards. That means that the majority of demand (around 75%) was from non-miners. Considering that not all non-miners have yet been able to purchase the video cards they wanted to purchase, even if mining sales dropped to 0%, it is likely that non-miners would still exceed the 100% available, thus demand would exceed supply, and thus nothing would change as far as pricing and scalping.
post edited by ty_ger07 - 2021/09/19 22:09:11
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Channel_4
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Re: LHR and Scalper Pricing
2021/09/19 23:37:14
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ty_ger07
I think you started off on the wrong foot by believing that miners accounted for the majority of demand.
If you realize that miners don't account for the majority of demand, then you realize why lowering the hash rate doesn't have a major affect on the demand of the cards or the prevalence of scalping.
Researches estimate that miners purchased around 25% of the video cards. That means that the majority of demand (around 75%) was from non-miners. Considering that not all non-miners have yet been able to purchase the video cards they wanted to purchase, even if mining sales dropped to 0%, it is likely that non-miners would still exceed the 100% available, thus demand would exceed supply, and thus nothing would change as far as pricing and scalping.
I guess that's a fair assertion. Although it's hard to believe that production rates are so much lower when the rollout of previous generations was significantly swifter. I'm unsure if the ray-tracing cores are that much more difficult to make or much of the specifics but it seems a little odd to me.
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ObscureEmpyre
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Re: LHR and Scalper Pricing
2021/09/20 04:28:20
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Channel_4
I guess that's a fair assertion. Although it's hard to believe that production rates are so much lower when the rollout of previous generations was significantly swifter. I'm unsure if the ray-tracing cores are that much more difficult to make or much of the specifics but it seems a little odd to me.
Have you been living under a rock? Demand has been far higher than with previous generations and production has been stymied thanks largely to a global pandemic that’s been a thing for over a year. It’s not just GPUs that have suffered when it comes to supply keeping up with demand, but many electronics and devices that use electronic components have faced a shortage.
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rjohnson11
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Re: LHR and Scalper Pricing
2021/09/20 04:49:09
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ObscureEmpyre
Channel_4
I guess that's a fair assertion. Although it's hard to believe that production rates are so much lower when the rollout of previous generations was significantly swifter. I'm unsure if the ray-tracing cores are that much more difficult to make or much of the specifics but it seems a little odd to me.
Have you been living under a rock? Demand has been far higher than with previous generations and production has been stymied thanks largely to a global pandemic that’s been a thing for over a year. It’s not just GPUs that have suffered when it comes to supply keeping up with demand, but many electronics and devices that use electronic components have faced a shortage.
As an example some automotive plants had to shut down or reduce hours due to an insufficient amount of chips
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kevinc313
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Re: LHR and Scalper Pricing
2021/09/20 05:30:17
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3080 LHR and 3080 Ti prices are the weakest, but still scalped a bit.
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kaschenberg
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Re: LHR and Scalper Pricing
2021/09/20 05:42:13
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You can still mine alt coins and get 90%+ of the return rate as daggerhashimoto. Octopus usually returns close to 1:1, so LHR was pointless in my opinion.
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crazyjohnny
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Re: LHR and Scalper Pricing
2021/09/20 09:01:10
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A miner was able to unlock the hash rate up to nearly 70% so that's an additional reason for miners to buy a LHR card.
Not sure about the rest of the world, but prices in Romania are pretty chaotic, even among non LHR cards. Often you see a 3080 outprice a 3080ti or a 3070ti costing less than a 3070.
Overall I still believe that LHR cards are a good thing, they are ranked closer to MSRP then their non LHR counterparts. At this point I blame to factors people caving in at a lowered price although not close to MSRP and the greed of the retailers.
I note they adjust prices according to the evolution of crypto market.
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bavor
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Re: LHR and Scalper Pricing
2021/09/21 07:29:14
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Channel_4
Although it's hard to believe that production rates are so much lower when the rollout of previous generations was significantly swifter. I'm unsure if the ray-tracing cores are that much more difficult to make or much of the specifics but it seems a little odd to me.
Actually, production rates for Nvidia GPUs have been 30% higher than the RTX 2000 series. Its just that demand is much higher than the previous generations of graphics cards.
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Channel_4
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Re: LHR and Scalper Pricing
2021/09/21 22:59:45
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crazyjohnny
A miner was able to unlock the hash rate up to nearly 70% so that's an additional reason for miners to buy a LHR card.
Not sure about the rest of the world, but prices in Romania are pretty chaotic, even among non LHR cards. Often you see a 3080 outprice a 3080ti or a 3070ti costing less than a 3070.
Overall I still believe that LHR cards are a good thing, they are ranked closer to MSRP then their non LHR counterparts. At this point I blame to factors people caving in at a lowered price although not close to MSRP and the greed of the retailers.
I note they adjust prices according to the evolution of crypto market.
a 3080 more expensive than a 3080TI? that's strange stuff. bavor
Channel_4
Although it's hard to believe that production rates are so much lower when the rollout of previous generations was significantly swifter. I'm unsure if the ray-tracing cores are that much more difficult to make or much of the specifics but it seems a little odd to me.
Actually, production rates for Nvidia GPUs have been 30% higher than the RTX 2000 series. Its just that demand is much higher than the previous generations of graphics cards.
Maybe it's all the stimulus checks lol. That's where part of mine went (to my 1080 that is).
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