tech.monk
Adept
With current market, their is no place for this group in gaming. I doubt market will settle down in 2022 either. Especially our Indian retailers will squeeze every drop of juice before pricing coming down to pre pandemic normals
Graphic Cards GPU pricing trends
- Thread starter iPwnz
- Start date
bssunilreddy
Skilled
Yes rightly said
Until then we have to wait I think so
I got lucky that I exchanged my 3070ti fe with this 3060ti fe cos when I created a post for exchange 3070ti fe with 3080 fe here, most of the people started to give me gyan on LHR HHR. Now I just want 3080 fe.
That is way too much for a GPU. I think I'll settle for 3080 fe.
DrkLord
Adept
We can all hold off buying gpus when prices are artificially inflated. Most probably only miners have got a time constraint on buying gpus, they HAVE to mine while mining is still profitable. Rest of us, gamers mostly( and some machine learners, can they hold off? ) we can hold off for a few months forcing retailers to bring down prices. Obviously it is more of a pipe dream as people don't organise for even more important stuff and those who can afford scalper prices aren't even going to bother.
tech.monk
Adept
Yup what you said is true, I'm holding off for one of the fe GPU either 3060/3070 series one. In the meanwhile sold my 1080Ti to miner at premium and bought one Zotac 3060 from mdcomputers by adding some cash
DrkLord
Adept
When I get enough money to burn, I will buy a 1080ti encase it in expoxy and put it over my pc for what a terrific piece of hardware it is. How are you finding 3060 compared to 1080ti?
Thanks for holding the fort against scalpers
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tech.monk
Adept
I use it for tensorflow, so I can easily see benefit of RT cuda cores of 3060 against 1080Ti. Overall training or inference times have reduced.When I get enough money to burn, I will buy a 1080ti encase it in expoxy and put it over my pc for what a terrific piece of hardware it is. How are you finding 3060 compared to 1080ti?
Thanks for holding the fort against scalpers
DrkLord
Adept
Ah nice.
I just looked it up and 3060 has dedicated tensor cores and 1080ti doesn't?
Edit: yep, just reread the spec page.
Check this guys, gpu prices are going to come down a lot.
According to the Reuters report, the bill will impose a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in virtual currencies as a “medium of exchange, store of value and a unit of account” — all characteristic of any legal tender.
Moreover, violating these rules will be treated as a “cognizable” offense, meaning that violators can be arrested without a warrant and held without bail. Other offenses categorized as cognizable crimes in India include murder, kidnapping and dowry death, among others.
India crypto bill: jail and $2.6 million fines for violators
India's proposed rules for digital assets would ban crypto for payments while the Securities and Exchange Board regulates exchanges. Will the bill become law?
forkast.news
India’s crypto bill to impose jail and US$2.65M fines for violations.
According to the Reuters report, the bill will impose a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in virtual currencies as a “medium of exchange, store of value and a unit of account” — all characteristic of any legal tender.
Moreover, violating these rules will be treated as a “cognizable” offense, meaning that violators can be arrested without a warrant and held without bail. Other offenses categorized as cognizable crimes in India include murder, kidnapping and dowry death, among others.
fastapifastdisks
Adept
nice,although i am skeptical how much it can be implemented given crypto mining is a small physical space activity and given people can use vpn's detecting will be very difficult similar to porn ban. Although crypto price may fall causing people to stop miningCheck this guys, gpu prices are going to come down a lot.
India crypto bill: jail and $2.6 million fines for violators
India's proposed rules for digital assets would ban crypto for payments while the Securities and Exchange Board regulates exchanges. Will the bill become law?forkast.news
India’s crypto bill to impose jail and US$2.65M fines for violations.
According to the Reuters report, the bill will impose a “general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing” in virtual currencies as a “medium of exchange, store of value and a unit of account” — all characteristic of any legal tender.
Moreover, violating these rules will be treated as a “cognizable” offense, meaning that violators can be arrested without a warrant and held without bail. Other offenses categorized as cognizable crimes in India include murder, kidnapping and dowry death, among others.
tech.monk
Adept
expect small scale miners and starters in 2021 who jumped the gun after seeing professional miners are minting money to quit the market - miners who have survived 2017 crash are here to stay. and like you pointed it out it is difficult to control the mining (especially in India), we don't have strong firewall like China. Also in terms of miners converting their profits - they have options to convert their wallet into gift cards or manage through other payment processors or simply convert the wallet to USD and buy something with it in US market, even if the bill gets rolled out.
fastapifastdisks
Adept
i dont think those who started in 2021 will quit after seeing the bill as long as profit stays and crypto is on its track to the moon no one would quit. Chinese firewall if implemented in india i am sure lot of indians will easily bypass it. i only see a gpu crash around 2023 not before that,also supply chain issues mainly lot of ships waiting in ports,lack of containers currently and lot of other complicated stuff out there. So yeah 2023 minimum for a dip
tech.monk
Adept
Let's keep our hypothesis and watch how it unfolds when the bill passes.
I dont see that, prices will come down slowly, we know what happened with Tomatoes here. They were selling for 100 bucks per kg but the prices were not reduced quickly. They were reduced 5 rupees to 8 rupees after almost even 3rd or 4th day. How I know it is because I get all the household stuff. Because the next gen GPU will also be coming so they can not sell the current at high prices and charge higher for the next gen. Wished if this came to notice with the EU, they are one org that everyone is afraid of.
tech.monk
Adept
Even if that happens, that will help EU folks, Indian market will still remain the same. Apple is forced to sell type C charging solution to EU (if at all it happens) and same apple was selling dual physical SIM iphones in China but the same dual sim never made it to the rest of the world.
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enthusiast29
Skilled
Your assumption is wrong, You're forgetting that Tomatoes don't print money unlike GPUs. Until and unless ETH gets to Proof of Stake or Cryptos crash we're not getting any relief whatsoever.
rsaeon
Patron
I'm seeing graphics cards sell for more than what they did a month ago. There'a a local miner that I hassle every now and then, he wanted 22k for a 8GB RX580 a month ago, now he's not agreeing to anything below 30k.
I can't tell if it's because he's frustrated with me or if he knows something that I don't.
I can't tell if it's because he's frustrated with me or if he knows something that I don't.
Mann
Adept
There is some panic due to banning of crypto in India.
Try OLX, I see a lot more GPU's in the market than ever before.
You will see people abandoning mining, you will see full rigs with an assortment of cards.
Prices reflect it too.
I guess he is going other way, that card was being sold at many places for 30k+ from last few months. I guess he wasn't aware then as it is still being sold at same price. All cards that can mine at full hashrate are still at higher prices but are down somewhat from their earlier high.
Most down are the prices of LHR cards especially in used market and in retail also.