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Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners

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arock0627
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    20219348762341
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 10:43:30 (permalink)
    That's a shady thing to do by NVIDIA
    #2
    Nereus
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 10:46:32 (permalink)
     
    Hrmm. 
     


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    #3
    d.burnette
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 10:49:45 (permalink)
    No wonder supplies have been so tight...
    Wtg Nvidia.

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    #4
    the_Scarlet_one
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 10:53:11 (permalink)
    Did NVidia intentionally sell to them? Or did the crypto miners use bots, because it sounds like a bunch of made up assumptions “reportedly”
    #5
    Viper97
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 10:57:41 (permalink)
    the_Scarlet_one
    Did NVidia intentionally sell to them? Or did the crypto miners use bots, because it sounds like a bunch of made up assumptions “reportedly”




     
    #6
    arock0627
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:00:01 (permalink)
    the_Scarlet_one
    Did NVidia intentionally sell to them? Or did the crypto miners use bots, because it sounds like a bunch of made up assumptions “reportedly”

    So the question is
     
    Was Nvidia's supply chain compromised by crytpominers on purpose or on accident?
    #7
    maytheus
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:07:26 (permalink)
    the_Scarlet_one
    Did NVidia intentionally sell to them? Or did the crypto miners use bots, because it sounds like a bunch of made up assumptions “reportedly”



    That would be my question as well.  Since I don't subscribe to Barron's I can't see what the original source says, only a cherry picked quote from a tech "news" site.  What would be the entity or entities of miners that Nvidia could directly sell to in those quantities?

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    #8
    robmp11
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:14:10 (permalink)
    Guess if we buy amd they can continue to sell to miners as it will be there only customers.


    #9
    ty_ger07
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:41:42 (permalink)
    Don't act entitled.
    You think NVIDIA cares? Demand for everything is outrageous at the moment, and even if NVIDIA did purposely sell directly to miners (I don't know that it is true), NVIDIA is in the business to make money wherever it sees fit.

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    #10
    the_Scarlet_one
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:48:27 (permalink)
    arock0627
    So the question is
     
    Was Nvidia's supply chain compromised by crytpominers on purpose or on accident?


    I would say the question is, who actually cares? Everyone knew bots were a problem when the launch happened, so cryptominers use bots and everyone blames scrapers when in reality, it could have been cryptominers that took them and a few scalpers.

    Either way, NVidia produced cards, and someone bought them. How would NVidia stop miners? They won’t, because they don’t care. Even the AIB’s made crypto specific cards when crypto was huge, so every one of the companies banked on the miners, so therefore... the only question left is.. who cares?
    #11
    Nereus
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 11:53:41 (permalink)
    ty_ger07
    Don't act entitled.
    You think NVIDIA cares? Demand for everything is outrageous at the moment, and even if NVIDIA did purposely sell directly to miners (I don't know that it is true), NVIDIA is in the business to make money wherever it sees fit.

    That's certainly true, and as a result of those decisions (if true and intentional), NVidia's previously loyal customers can tell them to shove it where the sun don't shine.
     
     


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    #12
    Kendragon
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 12:00:31 (permalink)
    The biggest problem are the idiots who run Amazon and Ebay, who do not know or care what people charge for these cards vs the actual MSRP. Also, I blame Nvidia, EVGA, MSI, Asus, Gigabyte, etc for allowing their products to be scalped in the first place. I also say the same for AMD, Powercolor, XFX,  Gigabyte, Asus, Sapphire etc for the RX6800 series cluster
    post edited by the_Scarlet_one - 2020/11/27 12:43:12

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    #13
    the_Scarlet_one
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 12:44:33 (permalink)
    EBay and Amazon do not limit sellers prices. Ever. It is on the buyers to refuse to pay terrible prices. This has NOTHING to do with sites that host marketplace sellers. You are literally blaming a middle man that doesn’t control the sale price. Buyers control the price.
    #14
    EVGATech_DanielM
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 12:44:55 (permalink)
    This article lacks substance and actual proven data that confirms this rumor to be true. I would argue that the new AMD flagships card (and has in the past) to be the better of the mining cards based on things I have read. Crypto miners will always buy what is in their best interest regardless. Again, this is a personal opinion and not one of EVGA so take it for what it is. 
    #15
    stopthefomo
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 13:01:06 (permalink)
    Nereus
    ty_ger07
    Don't act entitled.
    You think NVIDIA cares? Demand for everything is outrageous at the moment, and even if NVIDIA did purposely sell directly to miners (I don't know that it is true), NVIDIA is in the business to make money wherever it sees fit.

    That's certainly true, and as a result of those decisions (if true and intentional), NVidia's previously loyal customers can tell them to shove it where the sun don't shine.

    If we have learned anything as Americans, it's that capitalism and loyalty are mutually exclusive. Publicly traded companies regularly exploit and mistreat employees to improve profit and no differently, treat their customers no better. Oh wait you want to be treated well? OK, feel free to pay the premium for the pleasure at Mercedes and Lexus. Oh wait, you want customer service AND cheap prices? 
    #16
    yaggaz
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 13:01:59 (permalink)
     
    I always try to see the bright side of things.  So maybe this means we won't be competing with many crypto miners when new batches of stock are released here?

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    #17
    dmisiur
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 13:16:48 (permalink)
    Supply and demand. Just that Nvidia likes to keep supply low to keep profits up. Let’s see what happens when AMD joins the game.
    #18
    Nereus
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 13:19:53 (permalink)
    stopthefomo
    Nereus
    ty_ger07
    Don't act entitled.
    You think NVIDIA cares? Demand for everything is outrageous at the moment, and even if NVIDIA did purposely sell directly to miners (I don't know that it is true), NVIDIA is in the business to make money wherever it sees fit.

    That's certainly true, and as a result of those decisions (if true and intentional), NVidia's previously loyal customers can tell them to shove it where the sun don't shine.

    If we have learned anything as Americans, it's that capitalism and loyalty are mutually exclusive. Publicly traded companies regularly exploit and mistreat employees to improve profit and no differently, treat their customers no better. Oh wait you want to be treated well? OK, feel free to pay the premium for the pleasure at Mercedes and Lexus. Oh wait, you want customer service AND cheap prices? 

    Availability at retail price was my point, not excessively overpriced by scalpers. 
     
     


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    transdogmifier
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 13:31:50 (permalink)
    ty_ger07
    Don't act entitled.
    You think NVIDIA cares? Demand for everything is outrageous at the moment, and even if NVIDIA did purposely sell directly to miners (I don't know that it is true), NVIDIA is in the business to make money wherever it sees fit.



    This......tho I don't know that I completely agree with the 'entitled' portion, they're going to just want to sell cards....to whom they do is of little concern to them....they're a business...
     
     
     

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    #20
    Bradypan
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 14:18:37 (permalink)
    dmisiur
    Supply and demand. Just that Nvidia likes to keep supply low to keep profits up. Let’s see what happens when AMD joins the game.



    Nvidia's profit would be higher if they sold more cards, i.e. had more supply.  It would also be higher if they didn't set a low price ceiling on the cards like $800 for a 3080.  They simply aren't charging the price that consumers are willing to pay, which is more like $1200 or $1500 (if not higher), which means other people and not Nvidia are capturing the consumer surplus, and the market doesn't clear.
    #21
    arock0627
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 14:55:59 (permalink)
    Libertarians 
    #22
    arock0627
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 14:58:46 (permalink)
    Bradypan
    dmisiur
    Supply and demand. Just that Nvidia likes to keep supply low to keep profits up. Let’s see what happens when AMD joins the game.



    Nvidia's profit would be higher if they sold more cards, i.e. had more supply.  It would also be higher if they didn't set a low price ceiling on the cards like $800 for a 3080.  They simply aren't charging the price that consumers are willing to pay, which is more like $1200 or $1500 (if not higher), which means other people and not Nvidia are capturing the consumer surplus, and the market doesn't clear.


    If they announced the 3080 was $1200, they would not sell nearly as many as they are.
     
    Just because some... special people are buying used cards for $1,200 on Ebay because they have no impulse control doesn't mean it's viable for mass market.
    post edited by arock0627 - 2020/11/27 15:01:02
    #23
    vanity_lost
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 15:02:36 (permalink)
    I would what is the price of those cards for miners
    #24
    Naur1
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 16:16:25 (permalink)
    It doesn't matter what people use GPU for at long they use it but not scalp.  I think gamers feel entitled for some reason GPU should only be for them.  As for the article, hard to say
    #25
    XrayMan
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/27 17:09:08 (permalink)
     
    Moved to Hardware.

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    z1nonly
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/29 05:43:22 (permalink)
    I suspect that $1200 2080Ti's didn't sell as well as Nvidia had hoped and thus the $700 3080 MSRP.

    The pandemic has pushed demand for PC stuff through the roof so the market is out of balance at the moment, but price/performance was stagnant on Turing and Ampere has just returned it to its normal trajectory.

    Heck, my $80 web cam was going for $300 for a while. *This* market is not something I would bank on for long term product pricing.
    #27
    Cool GTX
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/29 06:12:34 (permalink)
    ASIC boxes would out produce/Watt .... no idea why they would want to use RTX GPU ... if profit was their goal

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    #28
    melturface
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/11/30 17:53:02 (permalink)
    EVGATech_DanielM
    This article lacks substance and actual proven data that confirms this rumor to be true. I would argue that the new AMD flagships card (and has in the past) to be the better of the mining cards based on things I have read. Crypto miners will always buy what is in their best interest regardless. Again, this is a personal opinion and not one of EVGA so take it for what it is. 


    I agree, I would think the miners would want the AMD cards over the Nvidia cards, just my opinion tho
    #29
    kevinc313
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    Re: Nvidia allegedly sold $175 million worth of 30 series cards directly to crypto miners 2020/12/01 08:08:38 (permalink)
    I said this numerous times before and during the launch and people were like.....nah fam.
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