In the midst of a GPU supply crisis that's seen consumer GPU prices soar by 300 percent or more, crypto influencer @jaxson_davidson shared a video in which he shows off a mining farm with hundreds upon hundreds of GeForce RTX 3070 Founders Edition GPUs, all apparently sourced off-market, directly by him from NVIDIA, raising questions about the underlying reasons for today's GPU price inflation.
https://www.notebookcheck.net/Crypto-influencer-shares-video-of-hundreds-of-GeForce-RTX-3070-Founders-Editions-in-a-mining-farm-despite-a-worsening-global-GPU-shortage.586940.0.html
I hope he dies a slow agonizing death while all of these cards blow up in this face
I went through their online chat and literally begged them to sell me a replacement card or put me in some kind of queue.
Got a "sorry, can't help you."
I won't pay more than MSRP and at this point in the release cycle, I should be getting a discount on MSRP.
Despicable.
Didn't Nvidia told us fairy tales about their path to fight against crypto miners earlier this year? Implementing some protection into their drivers and cards to stop mining?
At the same time they're selling cards directly to miners...
Nvidia, duck you!
I don't understand people, in this case gamers. They want a free market but when the market is finally free, they complain.
Nvidia is just doing what any Corp will do. Sell as much as they can to whoever benefits them the most. In this case it was a very easy choice, even if it is at a discount, while selling whatever is left, at an increased price.
You boys didn't learn how the "free market" works at school?
We will alway remember the great GPU riots of 2022. ;D
The worst part is, how did this even benefit Nvidia?
This special bulk deal obviously means the miner received these cards for a lower price.
But Nvidia could have sold every one of these cards to retailers just as easily, for more money. Every last 3070 was going to sell anyway.
Well nvidia would need sombody to setup there mining operations...
Because you know they have them!
In turn he got all the cards his heart deaires.
Hes printing money with there tech so obviously they would want in on the hype.
As far as crpto,,, its a "faith" currency & things like this can really strip you of your faith.
Quote from: Gasek on December 18, 2021, 11:08:51
I don't understand people, in this case gamers. They want a free market but when the market is finally free, they complain.
Nvidia is just doing what any Corp will do. Sell as much as they can to whoever benefits them the most. In this case it was a very easy choice, even if it is at a discount, while selling whatever is left, at an increased price.
You boys didn't learn how the "free market" works at school?
It's funny how to some the term "free market" seems to mean fairness, honoring what you say and other basic ethics just don't matter anymore.
Jump to the front of the line, exploit every loophole to take as much as you can at everyone else's expense. That is exploitation of the market, not exercising the market.
Everyone under 30 these days needs to hear this: Being free does not simply mean anything goes. Being an adult doesn't even mean just do whatever you want. Quite the opposite.
The saddest part is how much technology has now enabled the 1% who literally don't know what ethics are to now disrupt like 90% of a healthy market, with literally no way to limit the extent of their damage. Amd just had an online sale a couple days ago, the cards were sold out in minutes - while you waited in a 1 hour queue you could literally watch the bot websites acquiring the cards I heard. That is not how a "free market" behaves.
If BestBuy has a door crasher sale, and i show up with a bulldozer, butt into the line and rumble off with a shovel full of 100 units while everyone else stands there like a fool, is that just me exercising my "free market" rights? Because that's exactly what is happening online.
This is pretty despicable. One of many other reasons for me to not invest in energy/computation hungry crypto. Looks like I can add amd and nvidia to the list of do not invest. Hopefully intel comes through with some awesome gpus here next year and plays the 'other side' of the free market with increased competition and lower prices.
To the last comment... It took AMD forever to catch up to nvidia. But I guess we can hope Intel can do it and is ethically better. I won't hold my breath l.
"I hope he dies a slow agonizing death". While a little harsh... Global not giving a f*** is sure seeming like it's going to lead to a slow, painful, hot as f*** death for all.
It really sucks that Bitcoin was and continues to be such a power hungry coin. So many better crypto coins to use.
I wonder if Nvidia made the deal and asked him for x% of the bitcoins he mines.
Or it was their test run of setting up their own massive farm.
"Sorry, GPU shortage!!" ... But definitely not because we're just using them all, or doing some shady 3rd party ebay selling for an insane markup.
I just want to upgrade my GTX 760 :(
Yeah, this isn't super unheard of. After working for a subsidiary of a company, I worked in a warehouse with industrial shelves full of them. Unboxing for upgraded prebuilts, prebuilts with otherwise 'eh' parts. The cards would be individually unboxed and organized onto carts with about 700 per rack, and all I could think was "I'm getting paid $100 a day to make these people c. $200,000 a day in future sales, equating to about 13k profit for that subsidiary per day.
Nvidia isn't likely breaking any laws by selling directly to miners and i'm not sure there is even an 'ethics' issue. But it sure is a slap in the face to the very customers who provided 90%+ of their revenue for decades. And that historic customer base is certainly entitled to consider the company's practices when making their next purchase.
Quote from: Derek on December 18, 2021, 19:38:03
Nvidia isn't likely breaking any laws by selling directly to miners and i'm not sure there is even an 'ethics' issue. But it sure is a slap in the face to the very customers who provided 90%+ of their revenue for decades. And that historic customer base is certainly entitled to consider the company's practices when making their next purchase.
Yes, you are absolutely right. But, you know in China how child labor isnt frowned upon and legal? Im sure all those apple watch assemblers and sweatshops assembly's arent breaking the law as well. Its not an excuse.
I understand why some people are mad at the guy, but kudos to him, making millions a month and having to kill anyone or take their land for it.
If it wasn't mining, it would be companies like Facebook, Microsoft, Google, Apple, etc etc buying up all the stock to train their AI algorithms.
In all honestly gaming is one of the least important and wasteful uses of these cards. The demand for them for other causes will just grow and grow, and gamers are going to remain at the bottom of the list of the market. The only change will be when this VR metaverse starts to take hold, but that won't be for a couple years at least, and the demand in the AI, and enhanced problem solving like mining won't drop a bit.
They're going to continue to get more expensive, the best bet is to make less graphic intensive games/more efficient graphics engines. Or cough up the cash. As long as these graphics cards keep improving at a rate equal or greater to the performance of TPU/NPUs, the other fish in the market will be much larger.
Imagine being such a greedy little cunt and then trying to shove it in people's faces
you said the same thing like 3 or 4 times. Very poorly written
If you actually stopped to look at the cards in the video, it would be clear that they are not founders edition cards. The person who left the tweet said they were third-party cards purchased through retailers. He mentions a future deal through Nvidia, but for 3070s or Founders Edition cards.
Last should say that the deal he mentioned is not for 3070s or Founders Edition cards.
Quote from: Gasek on December 18, 2021, 11:08:51
I don't understand people, in this case gamers. They want a free market but when the market is finally free, they complain.
Nvidia is just doing what any Corp will do. Sell as much as they can to whoever benefits them the most. In this case it was a very easy choice, even if it is at a discount, while selling whatever is left, at an increased price.
You boys didn't learn how the "free market" works at school?
who said we want a free market? All a free market does is allow the rich 5% to take everything away from the rest of us by buying in mass bulk and scr**ing over the average person..
Rich person uses lots of money to buy in bulk then over charge to the rest of us at inflated price.. rich get richer poor get poorer.. and you think people want this? What people exactly? Corporations.. the rich.. they want that.. the average person does not as it's causing serious issues for the majority. This one person is literally taking away thousands of gfx cards.. it's like if you do your weekly shopping and fill up your cart then when you get to the checkout some other guy who has been sat at the checkout grabbing your cart and then just buying it all for himself.. he has the money to do it but he snatched it from you (aka purchase bots) and that's "free market"? You know what you can do with your free market.. shove it somewhere the sun dont shine
I think it's time to abandone pc gaming and so therefore not anymore buying fu@kin videocards from Sh#tvidia or AMD and to turn to mobile gaming.
I hope soon new flagship smartphones will be capable of running today AAA-projects.
Quote from: Gasek on December 18, 2021, 11:08:51
I don't understand people, in this case gamers. They want a free market but when the market is finally free, they complain.
Nvidia is just doing what any Corp will do. Sell as much as they can to whoever benefits them the most. In this case it was a very easy choice, even if it is at a discount, while selling whatever is left, at an increased price.
You boys didn't learn how the "free market" works at school?
We don't want free market, we just want a proper GPU with fair price, is that too much to ask?
I think the statement that Nvidia is only doing what any company would do is absolutely ridiculous and even from the perspective of profit making stupid.
Why would they discount a product they don't need to discount? Millions of people line up to purchase cards like this at full retail and possibly more than full retail and they are missing out on an opportunity on purpose? What kind of stupid company does that? No I think there is something else going on basically pushing Nvidia to inequitably support virtual currency. It is now been years. For years Nvidia has been wholesaling to bitcoin and other virtual currency farms. A special market has been generated where people are selling their cards at an inflated rate to the end user. The enduser user gets no benefit unless they are willing to pay four times the face value of the card. Yet Nvidia doesn't see that money. This is about nothing other than greed and exploitation. If Nvidia really wanted to support their customer base they would find ways of getting the top cards into their hands in a reasonable manner. It's a huge market they're not taking advantage of. But it appears they are more interested in developing the Bitcoin market then the video game market.
I won't be giving a penny to Nvidia until card go back to MSRP but they obviously don't care if they're prepared to shave directly off their bottom line while they spit in the face of retail consumers... I bet their shareholders are enjoying some expensive champagne as we speak... Scummy company with no morals... I look forward to the next market competitor joining the race from India/China which will force prices to recover and then maybe the shareholders at Nvidia won't be so smug!
What a p.o.s
Sincerely, all gamers.
Quote from: Gasek on December 18, 2021, 11:08:51
I don't understand people, in this case gamers. They want a free market but when the market is finally free, they complain.
Nvidia is just doing what any Corp will do. Sell as much as they can to whoever benefits them the most. In this case it was a very easy choice, even if it is at a discount, while selling whatever is left, at an increased price.
You boys didn't learn how the "free market" works at school?
Great way to try to divert attention from the fact it's morally a p.o.s move to squeeze out the customer base that made you to offer more to the customers who are just helping you along (miners) gamers will be here well after this crypto craze dies down...we've been here way longer may I add. way to downplay a gamers frustration.
Wasn't LHR supposed take care of this issue though 🤔
I'm definitely selling NFTs! If a miner can say, "fuch you," with a straight face and burn his house down with hundreds of GPUs, then I can sell minted ranks of NFTs and laugh it up in their faces as a skilled artist!
Eases the process of earning crypto without a dedicated mining GPU, and costs extremely less!
It's funny to me people say crypto currency is safe and unable to be jacked with.....no ,yeah, you're right it isn't corruptible or anything like that or able to be controlled mostly by the people who mine it and manipulate the market around it. You're right crypto itself isn't susceptible to corruption but its a form of money so what have people been starting wars over and destroying lives over for all these years in America? Money. Gosh you're right we do need to create a 2nd form of money and one that puts extreme usage on our natural resources. Awesome. So they have paper money which has destroyed our material lives and now they are wanting to destroy any other joy we could get from life out of our natural earth's rewards also.
Exit soap box. 😬
f*** them all!!!! f*** Your gfx cards up your arses .....f*** you big time.....You didn't and you don't care about gamers anymore you are just here to supply the mafia ....put them all up and have one up your arse !big time !
Fuckers
Idk why this keeps getting posted. They've been selling cards directly to mining farms, firms and wholesale since practically day 1. They even sell just the die's if that's what the customer wants. Samsung's 8nm node can supply enough cards to meet much more "Gaming Consumer" demand than they let on. And the substrate and gddr6 shortages were getting better a pretty long while ago. At least AMD sells cards from their site at msrp to get them into gamers hands, and they are battling with tons of other TSMC customers for supply. My 1080 ti is the last card I'm owning from Nvidia until they stop being anti consumer. Hell, they got stock-blocked from buying arm for being anti trust. What does that tell you.
Dude a wafer factory literally burnt down. This is nothing to do with it. Do better research spud
Open the gates! Free poor GPUs!
They made for enjoy games with their gamers friends! :D
Nvidia thinks gamers are stupid. We allow them to spit in our face and when cards become available we act like sheep and rush and buy. They are selling bulk cards to miners and want us to purchase a 3050 and a 2060 rebirth and have us "kiss their ring" and thank them for giving us something. I bought parts to build a Ryzen 9 5950 system and I haven't opened any of it. My return policy gives me until Jan 15 so, if I don't have the card I want I will return it all and stick with my XBOX. One x for the next two years and boycott team green and team red. All I can say to my fellow gaming brothers is have some restraint and don't buy the 6600 gpu, 2060 gpu, or the 3050 gpu. When we settle for something rather than getting what we want, we always regret it.