NVIDIA: Crypto Demand for GPUs Very Strong, but Could Cool in December

Megalith

Megalith

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Analysts are reiterating the fact that GPU sales this quarter are doing better than expected thanks to crypto-currency demand among those who use GPUs to “mine” bitcoin and other currencies: demand, however, may cool next quarter due to crypto bans and DRAM shortages.

The GPU/motherboard OEMs noted GPU pricing was up ~25% in the last six months. They also noted zero inventory of GPUs in the channel and constrained short DRAM supply and pricing also affecting GPU shipments. Coming off a very strong SepQ, there are also expectations in the supply chain that DecQ GPU sales could be muted in pricing and demand on recent cryptocurrency bans and DRAM shortages.
 
Might go down in december? no fuck you, you know its only going to rise. when people can just use them to heat their houses instead of having to cool the room they'll have more cash to burn.

they know this, lying assholes.
 
Vega will be dropping sometime around then and if its good enough it might make mining certain currencies profitable again that were not which will increase the demand again.
 
Set expectations low for analysts. If the miner frenzy doesn't stop, you smash expectations and Wall Street loves you. If for some reason the frenzy stops or slows (or competition grabs share), you don't go under expectations, thus Wall Street doesn't hate you.

It's called setting the bar low so you look fabulous smashing through it.
 
It always amuses me when *any* crypto news comes out, you always have the salty butt-hurt people complaining about it for reasons they only think they understand.

Prices for GPU's are up, welcome to the free market economy based on supply and demand. Even if you don't want to mine seriously any increase in GPU prices can be counter acted by month or two of casual mining to offset the higher prices we are seeing. When the hardware literally pays for itself, and then puts money back in your pocket it doesn't take a genius to figure out supply is going to go low.

BoogerBomb said:
If miners want to buy the GPU's make them pay. MSRP on the first card $20,000 each additional card.
Click to expand...
Would you be willing to apply your logic to any hobby or product that you enjoy? Maybe you like drinking beer, first one is the normal price and then each one is $20 after that. I mean after all you are denying the enjoyment of beer to someone else because you like to drink a lot of it. Or maybe you like target shooting, first box of ammo is standard price, anything after that is $200 for a box of bullets because you are robbing a shooting experience from some other poor soul.

Prices aside: mining, just like gaming, is a hobby and neither one has a priority over the other. The market is already flooded with the dumb ass get rich quick types trying to offload their GPU's from expensive builds back when crypto fever was burning hot a few months ago and after they realized they weren't going to be millionaires overnight they cut and run because they lack patience.

I'm personally looking forward to this winter - my house will stay toasty as hell for quite literally free due to the waste heat from 14 GPU's churning 24/7. If you could have your household heater spit out $20 bills while keeping your house warm, why would you not do it?
 
collegeboy69us said:
It always amuses me when *any* crypto news comes out, you always have the salty butt-hurt people complaining about it for reasons they only think they understand.

Prices for GPU's are up, welcome to the free market economy based on supply and demand. Even if you don't want to mine seriously any increase in GPU prices can be counter acted by month or two of casual mining to offset the higher prices we are seeing. When the hardware literally pays for itself, and then puts money back in your pocket it doesn't take a genius to figure out supply is going to go low.


Would you be willing to apply your logic to any hobby or product that you enjoy? Maybe you like drinking beer, first one is the normal price and then each one is $20 after that. I mean after all you are denying the enjoyment of beer to someone else because you like to drink a lot of it. Or maybe you like target shooting, first box of ammo is standard price, anything after that is $200 for a box of bullets because you are robbing a shooting experience from some other poor soul.

Prices aside: mining, just like gaming, is a hobby and neither one has a priority over the other. The market is already flooded with the dumb ass get rich quick types trying to offload their GPU's from expensive builds back when crypto fever was burning hot a few months ago and after they realized they weren't going to be millionaires overnight they cut and run because they lack patience.

I'm personally looking forward to this winter - my house will stay toasty as hell for quite literally free due to the waste heat from 14 GPU's churning 24/7. If you could have your household heater spit out $20 bills while keeping your house warm, why would you not do it?
Click to expand...

This reads like a copypasta.
 
BoogerBomb said:
If miners want to buy the GPU's make them pay. MSRP on the first card $20,000 each additional card.
Click to expand...
This could totally backfire on everyone else, ie, non-miners.
I don't think the hardware would increase in the cost (other than supply and demand), but it would most likely turn into a software/driver license option:

Gaming/video-decodeC license - $80.00/GPU
Data-mining/encryption/video-encode license - $1000.00/GPU

Pray this never happens with standard GeForce/Radeon GPUs.
It is our hardware, we paid for it, and we should be able to do what we want with it.
 
Why not blame nvidia/amd for not pumping out enough GPUs to meet the on-going mining demand? It's not like they don't have years sales data to predict these things.
 
BoogerBomb said:
If miners want to buy the GPU's make them pay. MSRP on the first card $20,000 each additional card.
Click to expand...

In every crypto/mining thread: Like wailing babies in a restaurant, myopic children that don't understand GPUs have very much become general purpose processors now, and their use cases extend beyond just frittering your life away in gay videogames with space aliens every night, or even mining for that matter.
 
Dephcon said:
Why not blame nvidia/amd for not pumping out enough GPUs to meet the on-going mining demand? It's not like they don't have years sales data to predict these things.
Click to expand...
Blame them for what? Gambling is not in their business model. Corporations are about risk aversion.

And sales data wouldn't apply to the moment to moment gyrations mining profitability continues to go through.

They have every reason not to kneejerk ramp up production just because of increased demand from mining. If mining experiences a significant cooling off then they'll have overstuffed channels, and cheap GPUs on the secondhand market applying even more back pressure on new sales. They're correct to be conservative in production so they don't end up with inventory bubbles.
 
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I was going to build a new PC..but between DRAM and GPU pricing...meh, i'll suck it up another year.
 
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