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What is up with GPU Prices?

jitter77jitter77 Member UncommonPosts: 512
A year or so ago I purchased an RX 570 4 GB card for $100 brand new.  Only issue with it, is that it only has a DVI-D output.  I was looking into getting a new monitor, but i want a 144hz monitor and most do not support 144hz over DVI-D or do not even have a DVI-D connector anymore.  I started looking at a slight upgrade or even a newer equivalent to my GPU.  The prices have almost tripled or more than tripled in some cases.  Even a used 570 is going for around $200 and some of the bioses are flashed for mining purposes.  Im not a big fan of buying used PC stuff anyways.  I have not been following the prices much, so is this some kind of trend and is there expected to be any kind of fall off in the near future? 

Thanks
Champie
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Comments

  • RidelynnRidelynn Member EpicPosts: 7,383
    edited June 2021
    Welcome to 2020. Part II.

    Unless your willing to pay about 4x the MSRP, you are going to be hard pressed to find anything less than 10 years old.
    [Deleted User]Nanfoodle
  • VrikaVrika Member LegendaryPosts: 7,887
    There's a global shortage. The prices are ridiculously high because production can't keep up with the demand, and hasn't been able to do it for more than half a year now.

    If you wait the prices will eventually lower again. But at the moment no-one knows when it would happen. They could start decreasing this summer, or they might stay high until 2023, or anything between.
     
  • [Deleted User][Deleted User] Posts: 12,263
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  • ChildoftheShadowsChildoftheShadows Member EpicPosts: 2,193
    I just bought a new prebuilt and probably overpaid but I wanted a new computer and it seemed the only way to get the 3090 I was wanting. 
    I knew it was a conspiracy by big computer to regain market share over self builders. 
    Champie[Deleted User]rojoArcueid
  • LobotomistLobotomist Member EpicPosts: 5,965
    edited June 2021
    Good morning Columbus

    Last year my 980 GTX blew up. SInce than I am stuck with 14 year old 660 card. And there is not even a sign it will be possible to buy any card ( for sane price ) in next few years. In fact the situation is so bad that I go now to computer shops. And they dont even have ANY gfx cards on offer. I dont know how people even build PC computers at the moment. I never seen such situation in over 30 years I am PC gamer.

    PC gaming is done for me. I am buying Xbox. Now with Game Pass, its actually not such a bad deal
    [Deleted User]Gorwe



  • jitter77jitter77 Member UncommonPosts: 512
    I may upgrade the rest of my PC first then by the time i have money saved hopefully the GPUs come down again.  My CPU, RAM and MB are much older anyways.   I'm still running a 2nd gen i7.  
  • QuizzicalQuizzical Member LegendaryPosts: 25,348
    The miners are buying everything and bidding up prices.  Any cards with over 4 GB of memory that show up anywhere remotely near MSRP will be instantly bought by miners.  So long as the value of mining Ethereum greatly exceeds the cost of the GPUs, the miners will keep doing this.

    Eventually, people will figure out that Ethereum and all other mined cryptocurrencies are worthless, and it will no longer be profitable to mine them because no one will buy what the miners produce.  Once that happens, the video card market will return to normal.  However, we have no idea when that will happen.  The whole bubble is completely irrational and has been since the start.
    RoinSandmanjwGorwe
  • KyleranKyleran Member LegendaryPosts: 43,496
    edited June 2021
    Read an article yesterday somewhere which according to one analyst 25% of all GPUs sold at start of 2021 went to crypto mining.

    If true might explain some of the shortage.

    https://www.pcgamer.com/cryptominers-grabbed-25-of-all-gpus-at-the-start-of-2021/




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  • QuizzicalQuizzical Member LegendaryPosts: 25,348
    Kyleran said:
    Read an article yesterday somewhere which according to one analyst 25% of all GPUs sold at start of 2021 went to crypto mining.

    If true might explain some of the shortage.

    https://www.pcgamer.com/cryptominers-grabbed-25-of-all-gpus-at-the-start-of-2021/
    And a lot of the video cards that they think went to gamers also went to miners who were posing as gamers.
    kitarad[Deleted User]GorweKyleran
  • RidelynnRidelynn Member EpicPosts: 7,383
    Torval said:
    Good morning Columbus

    Last year my 980 GTX blew up. SInce than I am stuck with 14 year old 660 card. And there is not even a sign it will be possible to buy any card ( for sane price ) in next few years. In fact the situation is so bad that I go now to computer shops. And they dont even have ANY gfx cards on offer. I dont know how people even build PC computers at the moment. I never seen such situation in over 30 years I am PC gamer.

    PC gaming is done for me. I am buying Xbox. Now with Game Pass, its actually not such a bad deal

    I can't get an Xbox either. I was going to get a Series X and there were none at BestBuy, Walmart, or Target. So, I went to the Xbox site and was hoping to buy directly through them. The only retailer showing having stock on their site was Walmart (which was confusing since I was just at that site and it was empty). When I clicked on the link it brought me to third party scalpers selling on the Walmart site. They wanted just under $1000 for a Series X.

    The sad thing is there are recent reviews there from people claiming to have bought and received their consoles through them. I died a little inside at that. :lol:
    I've seen the S in stock a handful of times now at MSRP. That said, you may as well get a Xbox One X (the "Pro" Xbox One, not the new Series X - wtf was MS thinking with their naming scheme).

    The Series X has been just as rare and hard to get as the PS5.
    [Deleted User]Kyleran
  • RidelynnRidelynn Member EpicPosts: 7,383
    I just bought a new prebuilt and probably overpaid but I wanted a new computer and it seemed the only way to get the 3090 I was wanting. 
    Yup. It's horrible.

    I finally broke down and decided I was going to build a new rig - starting to see some of the AMD 5000 series in stock, with good deals on DDR4 (now that DDR5 is starting to ship /sigh) and m.2 storage, I went ahead and started my build - even though I know I won't have a new GPU for it for a while. Prices on pretty much everything ~except~ GPUs are pretty good, so long as you stay away from the more popular 5000 series CPUs that are still having trouble staying in stock. 

    My old build is a Haswell 4970K - it's not bad, but it's starting to show it's age. I've had to replace a few fans in it by now, but it runs games ok. That CPU and the GTX980 has served me well for a number of years.

    My new build is more or less complete, sans GPU. I threw an old RX470 that has some issues (it will blank screen or run lines on occasion) in there just to make sure all the hardware I have turned on and runs - and it does, CPU burn in went well and it's nice having a computer with nothing on it - I forget how fast they can be.

    I plan on selling the 4970 rig intact... but now I'm debating if I want to dismantle and swap GPUs and throw the 980 in the new rig, or just leave the box intact and sell as-is and live with the RX470 until I can get something new. I hate to put a knowingly sell a failing RX470 off on someone though.
    [Deleted User]
  • jitter77jitter77 Member UncommonPosts: 512
    edited June 2021
    You can get the PS5s and new Xboxs, but it is a pain.   You have to follow stock alerts and be ready to pounce.  I was able to get 2 PS5s a couple months after release.  One for myself and one for my GFs son.   I did have to buy the bundle though which had a game, extra controller, and a gamestop card.   Trying to get just the console was much harder
    [Deleted User]
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  • mgilbrtsnmgilbrtsn Member EpicPosts: 3,430
    I just bought a new prebuilt and probably overpaid but I wanted a new computer and it seemed the only way to get the 3090 I was wanting. 
    I just did the same thing.  It took a little longer than normal because of stock on graphic cards.

    I self identify as a monkey.

  • mgilbrtsnmgilbrtsn Member EpicPosts: 3,430
    I'm surprised you don't know, but prices are getting higher for everything.  Covid messed up the supply chain.  That Will have an effect for some time to come.

    I self identify as a monkey.

  • QuizzicalQuizzical Member LegendaryPosts: 25,348
    mgilbrtsn said:
    I'm surprised you don't know, but prices are getting higher for everything.  Covid messed up the supply chain.  That Will have an effect for some time to come.
    Blaming covid leaves you no explanation for why the video card market is so far out of whack, while all other components are much closer to normal.

    It also leaves you no explanation for why about the same thing happened to the video card market around the start of 2018.  That surely wasn't due to covid, but like today's mess, it coincided with a spike in the price of ethereum.
    Kyleran
  • MMOman101MMOman101 Member UncommonPosts: 1,786
    Quizzical said:
    The miners are buying everything and bidding up prices.  Any cards with over 4 GB of memory that show up anywhere remotely near MSRP will be instantly bought by miners.  So long as the value of mining Ethereum greatly exceeds the cost of the GPUs, the miners will keep doing this.

    Eventually, people will figure out that Ethereum and all other mined cryptocurrencies are worthless, and it will no longer be profitable to mine them because no one will buy what the miners produce.  Once that happens, the video card market will return to normal.  However, we have no idea when that will happen.  The whole bubble is completely irrational and has been since the start.
    You are not wrong, it is worthless.  Basically a pet rock that people are investing in.  The problem is that a lot of very wealthy people are making a lot of money on cryptocurrency.  Governments tend to protect the interests of the extremely wealthy.  I could see this going on for another decade.  You have to understand that cryptocurrency is still small compared to the world economy.  As long as it stays under 2 trillion and does not disrupt any major powers it will be allowed to siphon money up.  

    “It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

    --John Ruskin







  • MMOman101MMOman101 Member UncommonPosts: 1,786
    The above comment is why this will need to be solved by the video card manufacturers.  I suspect they can and may create next gen cards that are limited at the hardware level for mining and then create more mining specific cards.  

    “It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

    --John Ruskin







  • mgilbrtsnmgilbrtsn Member EpicPosts: 3,430
    Quizzical said:
    mgilbrtsn said:
    I'm surprised you don't know, but prices are getting higher for everything.  Covid messed up the supply chain.  That Will have an effect for some time to come.
    Blaming covid leaves you no explanation for why the video card market is so far out of whack, while all other components are much closer to normal.

    It also leaves you no explanation for why about the same thing happened to the video card market around the start of 2018.  That surely wasn't due to covid, but like today's mess, it coincided with a spike in the price of ethereum.
    As I said the supply chain was interrupted.  Ports were closed, factories shut down, farm distribution...etc.  I know that shipping is incredibly backlogged.  Not enough ships.  This has caused prices to sky rocket.  I personally don't think we're gonna stop feeling the effects anytime soon.  I also don't think we know what all of the effects are gonna be.

    I self identify as a monkey.

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  • TwistedSister77TwistedSister77 Member EpicPosts: 1,144
    I started my own fabrication plant, so I could build my video card.

    10 failed, 1 worked... 

    I laid off 1000 employees and sold the equipment to China.  Mission Accomplished!! B)
    SandmanjwRidelynnKyleran
  • GorweGorwe Member Posts: 1,428
    edited June 2021
    What happened? Greed(blockchain cryptocurrency) happened aka miners going haywire, buying out EVERYTHING and this in turn supposedly caused Silicon(Si) shortage. Also, Covid.

    Welcome to Sanity's Eclipse!
    Gdemami
  • jitter77jitter77 Member UncommonPosts: 512
    I don't understand the whole crypto currency thing and it seems like everyday there is a new one coming out. I don't understand how 10 different cryptos can be legit and all have value.   Seems like the crypto market will be saturated and crash.  I could be way wrong, but i am staying far away from any crypto $$
    Gdemami
  • QuizzicalQuizzical Member LegendaryPosts: 25,348
    MMOman101 said:
    The above comment is why this will need to be solved by the video card manufacturers.  I suspect they can and may create next gen cards that are limited at the hardware level for mining and then create more mining specific cards.  
    Ethereum is basically doing a bunch of random lookups to a buffer that is currently a little over 4 GB.  Hardware that doesn't have a huge amount of bandwidth to several GB of global memory space isn't going to be able to run games well, either.
  • RidelynnRidelynn Member EpicPosts: 7,383
    Quizzical said:
    mgilbrtsn said:
    I'm surprised you don't know, but prices are getting higher for everything.  Covid messed up the supply chain.  That Will have an effect for some time to come.
    Blaming covid leaves you no explanation for why the video card market is so far out of whack, while all other components are much closer to normal.

    It also leaves you no explanation for why about the same thing happened to the video card market around the start of 2018.  That surely wasn't due to covid, but like today's mess, it coincided with a spike in the price of ethereum.
    There are a lot of markets out of whack right now, it's not that just GPUs are out and everything else is hunky dory

    Just a few:

    Real Estate is crazy
    Lumber shot up 300+%, and it just now turning a corner
    Automobiles (in part due to same chip shortage that isn't helping GPUs)
    Ketchup Packets (due to increased demand for takeout)

    So yeah, GPUs are certainly exacerbated by mining, but COVID has had an effect and it's still affecting a lot of various markets.
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