Not sure how much is due to the shortage vs crypto mining. I was able to get a 3070 for retail price a couple weeks after release. Had to set up alerts on Newegg and a couple other sites and get to the "order" button within seconds of receiving notification. Even then it was sold out while in my cart several times. Think bots are buying everything up before people can get their hands on them.
This is the correct answer.
The GPU companies watched as ETH miners bought their cards wholesale, even at scalper prices, and obtained ROI's in months and then used them to mine at scale.
So, private businesses now JV with the GPU companies to do that so they share the profit.
Brass tacks, it's more profitable for the GPU manufacturers to partner with crypto miners than it is to sell the GPU's to consumers. Welcome to the new normal, enjoy the rapid decline.
This is the correct answer.
The GPU companies watched as ETH miners bought their cards wholesale, even at scalper prices, and obtained ROI's in months and then used them to mine at scale.
Not even close dude. It would take years of 24/7 mining with no difficulty increases with a 3090 to break even at MSRP, and would take 30 years or something to break even at scalper prices.
The media and manufacturers finds it convenient to scapegoat the paper launch on crypto, but crypto miners aren't buying these cards at 3-4x because that would eat their profits and make sure they never broke even.
Did you even read what I said?
The manufacturers themselves are JVing with the miners and sharing the profit. Nobody is paying MSRP.
This is why you sheep are so easily manipulated, you're oblivious and live in a state of self-perpetuated retardation because an internet connection makes you think you're smarter than you are.
This. I read an article a few day ago that talked about record shipping volumes, if that's the case where are they going? I know some cards are not great for mining, so they must be going to resellers (scalpers) hoping to make a few quick bucks.
Crypto fags.
Think about it. You aren't breaking even if you buy a card for $1500 for a 3070 to mine crypto with. Not for 10+ years, and your card would go defunct and not get any hashes way before then.
Manufacturers and the media are just scapegoating crypto miners because it's convenient and most people don't know enough about it to understand how dumb it sounds that they're claiming that crypto miners are paying 3-4x over MSRP to mine with these cards.
I read an article a few day ago that talked about record shipping volumes
IMO that's bullshit. Crypto is a convenient scapegoat but you aren't going to break even within like 10 years by buying a fucking 3070 for $1500 or whatever, so it's not crypto mining doing it.
The 30 series was a paper launch and NVIDIA still won't admit it.
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