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Crypto influencer shares video of hundreds of GeForce RTX 3070 Founders Editions in a mining farm, despite a worsening global GPU shortage

Started by Redaktion, December 17, 2021, 23:07:14

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hwsense

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.

Jonah Hensley

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.

Jackson



Inaccurate reporting

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.

Inaccurate reporting


Chrisr1982

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

Balderix

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.

M4

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?

Alton OBriant

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.

Mr JJ

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!


Branden

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.


Dreamy Urie Sr.

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!

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