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Scalpers say the press treats them unfairly; they are a 'valuable industry'

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veganfanatic
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/16 21:17:43 (permalink)
The irrational exuberance over digital coins is an example of a bubble in economics. When the day of reckoning hits, may the lord have mercy.
 
https://en.wikipedia.org/wiki/Economic_bubble

  


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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/16 21:34:53 (permalink)
Ok, I'll bite and pose the question. How do you treat a scalper "fairly"? Do they even know what the word "industry" means? An "industry" is something that produces a product or service through hard work...bots are not hard work. As for valuable? Who out there values a scalper?
post edited by Brad_Hawthorne - 2021/02/16 21:38:18
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veganfanatic
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/16 21:48:19 (permalink)
I will stick to playing Halo: MCC etc
 

  


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Nereus
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 13:55:18 (permalink)
 

 


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Nereus
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 13:56:56 (permalink)
 
 
They are buying up ammo now apparently.
 


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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 14:04:45 (permalink)
Nereus
 

 


love it
 

  


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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 15:42:00 (permalink)
It surprises me not many of you realize that the scalpers are a group of layoff stock market individuals. All they are doing is cornering the consumers and targeting the high demand markets/industries where they can make profit off.
I applaud Donta's decision in buying a prebuild pc

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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 16:34:28 (permalink)
phantomshroom
Gamers are not the problem, even hard core gamers do not go out & buy up dozens/hundreds of newly released GPU's. They might buy 1 or 2 for themselves but highly doubtful a serious gamer is buying up the entire stores inventory hence why I have no issue with the average gamer cause they are innocent in all this.




The gamers that are willing to pay double the cost of a card are to blame for providing the demand that enables the scalpers that do use bots to make a profit. Without the demand, the scalpers have no reason to do what they do, so the root cause of scalpers is gamers.


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Nereus
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 17:07:48 (permalink)
HaywireHaywood
phantomshroom
Gamers are not the problem, even hard core gamers do not go out & buy up dozens/hundreds of newly released GPU's. They might buy 1 or 2 for themselves but highly doubtful a serious gamer is buying up the entire stores inventory hence why I have no issue with the average gamer cause they are innocent in all this.

The gamers that are willing to pay double the cost of a card are to blame for providing the demand that enables the scalpers that do use bots to make a profit. Without the demand, the scalpers have no reason to do what they do, so the root cause of scalpers is gamers.

Nice victim blaming there.
 


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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 19:11:11 (permalink)
But true none the less.  They only scalp cards because people are willing to buy them even at ridiculously inflated prices.


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Nereus
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 19:15:07 (permalink)
 
Technically, the root cause is the lack of supply to meet demand, and that lands squarely on NVidia's shoulders. Yes, coronavirus has exacerbated the issue, but this has been an ongoing problem for many years, so it comes down to poor production planning, and then the scalpers taking advantage of it.
 


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#41
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 20:34:24 (permalink)
phantomshroom
It's not just the scalpers that are bad for the worlds consumers but also the crypto-miners.
 
The scalpers sell tickets to various venues, gaming consoles & tons of other stuff as well. It's the heavy duty miners(ones backed by huge corporations & consortium's) that are buying up all the GPU's & making them scarce to the rest of the world.
 
Gamers are not the problem, even hard core gamers do not go out & buy up dozens/hundreds of newly released GPU's. They might buy 1 or 2 for themselves but highly doubtful a serious gamer is buying up the entire stores inventory hence why I have no issue with the average gamer cause they are innocent in all this.


and I'm a very small fish.
 

#42
usbarlow@hotmail.com
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/17 22:33:38 (permalink)
kram36
phantomshroom
It's not just the scalpers that are bad for the worlds consumers but also the crypto-miners.
 
The scalpers sell tickets to various venues, gaming consoles & tons of other stuff as well. It's the heavy duty miners(ones backed by huge corporations & consortium's) that are buying up all the GPU's & making them scarce to the rest of the world.
 
Gamers are not the problem, even hard core gamers do not go out & buy up dozens/hundreds of newly released GPU's. They might buy 1 or 2 for themselves but highly doubtful a serious gamer is buying up the entire stores inventory hence why I have no issue with the average gamer cause they are innocent in all this.


and I'm a very small fish.
 



what is your power bill like?
#43
atfrico
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/18 00:17:40 (permalink)
usbarlow@hotmail.com
[
what is your power bill like?


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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/18 05:08:42 (permalink)
usbarlow@hotmail.com
what is your power bill like?

Considering it's winter time here, my last electric bill was $120.22, but I just added one of the RTX 3070's on Feb 16th. I run a low voltage cpu, low voltage memory and the Power Limit on the video cards are set just high enough to keep the card from having errors while mining, which is under 60% on all the cards except the GTX 1080 Ti, it's at 72%.
#45
dcell
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/18 18:10:24 (permalink)
Wouldn't it be great if we could start reporting Scalpers to the IRS for each sale made?
You know, the IRS gives 10% rewards to whistleblowers.
I would be surprised if even half of the Scalpers report their income.
 

12G-P5-3967-KR 6/3/2021 10:47:02 AM PT No
12G-P5-3969-KR 6/3/2021 10:46:49 AM PT No
12G-P5-3968-KR 6/3/2021 10:46:37 AM PT No
12G-P5-3958-KR 6/3/2021 10:46:16 AM PT No
10G-P5-3897-KR     10/8/2020 1:01:45 AM PT
10G-P5-3895-KR     10/8/2020 1:03:50 AM PT  
10G-P5-3898-KR     1/30/2021 5:30:33 PM PT   
10G-P5-3888-KR     2/10/2021 1:35:14 PM PT

#46
dcell
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/18 18:13:35 (permalink)
HaywireHaywood
But true none the less.  They only scalp cards because people are willing to buy them even at ridiculously inflated prices.


And a huge reason the demand has so outstripped the supply is due to the Miners.
 

12G-P5-3967-KR 6/3/2021 10:47:02 AM PT No
12G-P5-3969-KR 6/3/2021 10:46:49 AM PT No
12G-P5-3968-KR 6/3/2021 10:46:37 AM PT No
12G-P5-3958-KR 6/3/2021 10:46:16 AM PT No
10G-P5-3897-KR     10/8/2020 1:01:45 AM PT
10G-P5-3895-KR     10/8/2020 1:03:50 AM PT  
10G-P5-3898-KR     1/30/2021 5:30:33 PM PT   
10G-P5-3888-KR     2/10/2021 1:35:14 PM PT

#47
Bobmitch
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/19 06:23:16 (permalink)
dcell
Wouldn't it be great if we could start reporting Scalpers to the IRS for each sale made?
You know, the IRS gives 10% rewards to whistleblowers.
I would be surprised if even half of the Scalpers report their income.
 


Wait a minute...they're scalpers...I would be willing to bet NONE of them do!

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#48
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/19 07:06:48 (permalink)
The Problem is that the Scalpers Business is able to make Profi
#49
Miguell
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/20 22:48:06 (permalink)
dcell
HaywireHaywood
But true none the less.  They only scalp cards because people are willing to buy them even at ridiculously inflated prices.



And a huge reason the demand has so outstripped the supply is due to the Miners.
 



yeah.. the 3000 gen launch was a mess.. CHAOS!
Here in Portugal stock is always uberlimited or none... and prices super high because demand is high(scalpers) and availability is ubershort in general ( again scalpers)
 
a freaking EVGA RTX 3090 is 2000 euros!! that's about 3 full minimum wages here! 3!
a RTX 3070 is 1200 EUROS! when it should be at tops 600 euros or LESS!  (i bought my MSI 1080TI in 2019 for less then 800 euros)
 
companies just want to sell and they don't care who they sell because money is money! GREEN is the color all companies loves!
 
right now the world is in crysis! 
here in PORTUGAL? chaos! we where the worst country in the world with more COVID cases per 1 million citizens - a few weeks ago.. now is much more stable due to confinement and general lock down! but its killing the economics!
its a mess with people unemployed everywhere and losing their homes !
 
 i was aiming for the 4000 gen in 2023 but if this keeps up i dunno..  someone already told me the world crysis in 2008 ( lehman brothers) its gonna feel like a dream compared to the covid 19 crysis
post edited by Miguell - 2021/02/21 11:14:28

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#50
Womble560
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/21 00:44:37 (permalink)
We as buyers have a choice. We either buy from the scalpers or we do not. Its our choice. The scalpers only exist because we allow them to exist because we like to be seen on social media to have bragging writes to the world i have what you have not.  When these buyers try to sell their over priced cards in the future the loss will hit them like a ton of bricks. Lets see them brag then . Thought not. 
#51
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/21 07:31:23 (permalink)
I lost interest in the 3000 series early on.  Watching how fast they disappeared and how high the price gouging got...My 2080 TI will be in my system tfn.  Scalpers need to lose a lot of money by sitting on stockpiles that don't sell...

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#52
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/21 22:12:12 (permalink)
Scalpers are terrible. I picked the worst time to do my first build.
#53
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/22 03:15:57 (permalink)
I also want to add, the scalpers I don't think aren't only selling to gamers but to miners.  The combination of scalping, mining and gamers created the biggest demand we've ever seen.  In the past it was just miners and gamers but now it's 3 components which puts these manufacturers in a bind.  Hats off to EVGA for doing everything they can. 
 
Maybe manufacturers weren't prepared and or have the capital at hand to push that much volume and if they were to ramp up more than usual, it can hurt them in the long run if they overshoot/overspend when the demand subsides.  Heck, it could put a company into bankruptcy.  

It's a hot mess all around anyway you look at it and don't forget rona either.  I'm sure that played a role and expect more delays with the Chinese New Year which ends on the 26th, ironically around the release of the RTX 3060 12GB which Nvidia is looking to also handicap against mining so those GPUs are left alone.

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#54
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/22 03:20:23 (permalink)
Nereus
 
They are buying up ammo now apparently.
 

 
They're literally buying everything up from every category. 

I couldn't find some items for my cat because the prices were marked up (Amazon) as I refused to pay over MSRP.  I couldn't believe it and just shook my head.

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#55
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/23 04:00:01 (permalink)
We should not only blame the scalpers or the miners, we should also blame the US for printing to much USD in 2020 -> decreasing the value of USD through inflation -> increasing the value of cryptocurrency compared to USD -> let many people invest in cryptocurrency -> further increase value of cryptocurrency -> make mining incredible lucrative..
 
https://www.somagnews.com/9-trillion-story-22-of-us-dollars-printed-in-2020/
 
Just asking if anyone considering this.
#56
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/24 22:20:34 (permalink)
MegCoolBlood
We should not only blame the scalpers or the miners, we should also blame the US for printing to much USD in 2020 -> decreasing the value of USD through inflation -> increasing the value of cryptocurrency compared to USD -> let many people invest in cryptocurrency -> further increase value of cryptocurrency -> make mining incredible lucrative..
 
https://www.somagnews.com/9-trillion-story-22-of-us-dollars-printed-in-2020/
 
Just asking if anyone considering this.
I hadn't thought of that. You raise an interesting point.
#57
Womble560
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/25 06:25:54 (permalink)
Seems all the company's are scalping now. They can see that miners are paying over the odds for cards so have raised the prices for all of us now. The new RTX 3060 is due out today. Supposed to be a value card but just watch the price gouging that WILL happen. So much for value. I have a gtx 1050ti that i want to replace asap. But at all the prices i have seen i will wait.  
#58
Womble560
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/25 17:54:06 (permalink)
3060 arrived then they are gone. Seems on time delivery is not working like it should. Warehouse with stock is the answer. Oh forgot they got rid of them to save money. Let the waiting game start again.
#59
Xavier Zepherious
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Re: Scalpers say the press treats them unfairly; they are a 'valuable industry' 2021/02/25 20:17:19 (permalink)
the problem is not enough fab production
 
didn't help they shrunk the number of fabs during slow times to reduce overhead/expenses/employees to keep stock prices high and  ROI for investors
fabs take time to build and they are getting bigger because they need more equipment and bigger equipment now
 
monthly chip production
samsung 3.1M
TSMC 2.7M
Intel 900k
 
really i don't think you are gonna get all that much chips seeing out of that 6M between samsung and TSMC  over 1/2 that is for Arm chips for apple alone - you still have arm for other phone makers, ram, and other chips before you get to CPU and GPU
 
they are monopolies - we let it get this way because the USA decided few big companies was better - as we see ...NOT
Ologopoly - check out what that word means
 https://www.investopedia....o%20or%20more%20firms.
 
they like to limit supply to keep prices high so they have high ROI
true competetion - lots of fab companies - would increase supply and lower prices lowering ROI
post edited by Xavier Zepherious - 2021/02/25 21:09:24


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