GeForce RTX 3080 Ti Hits Overseas Market at Objectionable Prices

Krenum

Fully [H]
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Apr 29, 2005
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Well, it looks like the rumors were true,

https://www.tomshardware.com/news/nvidia-geforce-rtx-3080-ti-overseas-market-obnoxious-prices

From the article:

"Aquila Technology Ltd., a retailer in New Zealand, has listed MSI's GeForce RTX 3080 TI Ventus 3X 12G OC for $2,543.46 NZD and Gigabyte's Geforce RTX 3080 Ti Gaming OC (GV-N308TGAMING OC-12GD) for $3,152.50 NZD. The prices translate to approximately $1,831.80 and $2,268.95, respectively.


Meanwhile, in another part of the world, Australian retailer Perth Technical Services Pty Ltd posted the Gigabyte GeForce RTX 3080 Ti Eagle (GV-N308TEAGLE-12GD) and Gigabyte GeForce RTX 3080 Ti Vision OC (GV-N308TVISION OC-12GD) for $1,732.75 AUD or $1,344.59".

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I've luckily got a 2080Ti already so while not as nice as a 3xxx series it's still plenty and I don't mind waiting for a new GPU.
Yup.. gonna put more miles on the 2080ti... It might be my longest used card when this is all done. lol.
 
Yup.. gonna put more miles on the 2080ti... It might be my longest used card when this is all done. lol.
Same, I put a waterblock on my 2080ti to get better overclocking out of it so I can use it longer.
 
Those that have the supply get to dictate the prices when there is high demand.

I think the $1000 MSRP for a Ti (or any consumer GPU, at that) is absurd to begin with.

Oh well. If buyers have deep enough pockets, then it's their money.
I agree, in this market they need to price it at $2000 to prevent OOS feature from kicking in. :)
 
Those ones at $1350 for OC versions isn't really that bad.

I was plenty fine with my 1080ti but got a drop for a 3090 at MSRP so I jumped on it, A big difference in some games, but about 60-70% of what I play there's not any thing that is what I'd call an actual improvement in gameplay , ran at high enough speeds as is.
 
cybereality , agreed, but they are not going to drop prices once everything stabilizes. Thing about scalpers is they come nd they go, but once manufacturers raise prices, their here to stay.
The 2080ti was like $1200 MSRP when it came out and the 3080FE was $699. When the 3080 was revealed and I saw how it performed and looked, I was expecting it to be around $1000-1200 and was shocked when they said $699..
 
cybereality , agreed, but they are not going to drop prices once everything stabilizes. Thing about scalpers is they come nd they go, but once manufacturers raise prices, their here to stay.

They're only getting away with the outlandish pricing because of the perfect storm of current events. Eventually the market will right itself when the pandemic ends, however long that will take. If they continue their ridiculous pricing when things do eventually settle back down, they'll be stuck sitting on inventory and start losing money. Another thing they have to worry about is another large dump of used mining cards on the market that will crash prices, this will happen eventually, like it did with the Nvidia 10 series cards.

Just like with any other commodity unlinked from the cost of production, there are boom and bust cycles that usually last several years.
 
Maybe the moment we can simply buy a PS5 on bestbuy or amazon at $399 USD it will be hard to sell cards those price to gamers not willing/able/knowledge to mine with them, but how large is that mining market.....
 
Those prices look like they bet on miners wanting these cards to use as money-generating machines. But Nvidia has put hardware mining limiters on them, and Ethereum 2.0 is near and will supposedly make GPU-mining of ETH ineffective. Plus, there's supposedly a buyable ASIC miner for ETH now.

If the looming crypto GPU-mining-shift speculation proves true, I'm wondering if the will cause exorbitantly-priced cards to no sell at those prices, causing another backlog of unsold GPUs (as happened with the RTX 2000 series) and an eventual price dump.

Then again, maybe there'll be a way to disable the hardware mining limiter and GPU miners will just move to other coins when they can't GPU-mine ETH effectively anymore.
 
Nvidia has put hardware mining limiters

Correction: software limiters.

By the way, it's just a marketing ploy to make people think they care about gamers. They're still selling GPUs to miners, and not just crypto-specific cards.

It's RDNA2 that has a hardware bottleneck, but that's not really anything to do with crypto, it's their cache-over-bandwidth design.
 
Correction: software limiters.

By the way, it's just a marketing ploy to make people think they care about gamers. They're still selling GPUs to miners, and not just crypto-specific cards.

It's RDNA2 that has a hardware bottleneck, but that's not really anything to do with crypto, it's their cache-over-bandwidth design.
I agree, when we had the previous crypto bubble this stuff would have already been in the works and released with the 3xxx series right from the start if they really cared about their core userbase.
 
cybereality , agreed, but they are not going to drop prices once everything stabilizes. Thing about scalpers is they come nd they go, but once manufacturers raise prices, their here to stay.
Once everything stabilizes, market competition should slowly bring the msrp down.
 
Australia and New Zealand have VAT. It's 10% for the former and 13% for the latter. So $1,200 USD for the Australian retailer and $1,500 for the New Zealand retailer before VAT. Still, goods are vastly more expensive in that part of the world then the rest to begin with.
 
Just man-up and go back to 1080p/60+FPS, which was jaw-droppingly amazing for all of us for many years, with the hardware you already own..................screw this hyper-inflation bubble.
This is probably the most viable option. 1080 still looks good, especially when you can max the game out & still have relatively high frame rates.
 
1366x768.

managed to play Metro Exodus last night using a MSI GT 740 4GB card ... lowest possible settings and it looked a bit blurred but it ran almost ok. Can play Metro 2033 and Last Light Redux, Mass Effect Series, the first Tomb Raider , COD no problem at the res you posted @ constantly smooth framerates. ME2 and 3 are especially GPU friendly. Can't run titles like Zero Horizon Dawn or a comfortably playable Metro Exodus but there's plenty of older titles out there such as Mirror's Edge, Portal 1 & 2, Half - Life 2 Series, Just Cause 2 ....
 
Just man-up and go back to 1080p/60+FPS, which was jaw-droppingly amazing for all of us for many years, with the hardware you already own..................screw this hyper-inflation bubble.
Indeed. 1440p @ 120+ Hz still does it for me, this whole rush to super high resolutions when my screen is barely a foot from my face is colossal waste of money. If I am immersed in the game, I'm not counting extra pixels!
 
Maybe the moment we can simply buy a PS5 on bestbuy or amazon at $399 USD it will be hard to sell cards those price to gamers not willing/able/knowledge to mine with them, but how large is that mining market.....
Thats my worry, if this happens PC gaming would be in some trouble.
 
At this point I'm just treating all GPUs like what they are: products that I'm sure exist, but not for me to buy. I'd rather redirect the money into other hobbies/interests than pay the inflated costs we saw first due to crypto mining and now due to supply chains being decimated by the pandemic. As this has now been going on for several years, I find that I'm simply becoming less and less interested in what the GPUs can actually do. Oh, wow, a 50% increase? That's bananas, bro, hope to see that for sale some day.

I guess the strangest thing about all this is that I have considered myself to be a PC enthusiast: a sometimes early adopter (for good and ill), spared no expense in getting my system just right, willing to upgrade/side-grade just for the sake of making a change and trying out other gear, wanting to be cool and overclock but most of the time just giving up when something decently close to fast was actually stable (lol)...so to find myself essentially permanently priced out of the GPU market has been pretty bizarre. Like, what used to be MARS-tier pricing is now just regular pricing? I'm sorry but I'll simply game on what I have and get some new hobbies; turns out that a powerful PC can also be a lot of fun when you add some midi controllers, pen display, etc.
 
Australia and New Zealand have VAT. It's 10% for the former and 13% for the latter. So $1,200 USD for the Australian retailer and $1,500 for the New Zealand retailer before VAT. Still, goods are vastly more expensive in that part of the world then the rest to begin with.
K9o
 
I feel like I did alright with my 3070 for $720.
That's the kind of price I want to pay. That way I can sell my 2070 and come out even. Some moron on Ebay will probably buy it for $700 dollars.
 
I'm in Canada, and the major PC stores where I am (and they're chains across Canada) did back-order queues, so the people would receive GPUs in the order which they put-down their money for one. No need to refresh webpages and to try to be at stores first thing when new shipments arrive.

Within a few days of their release, I got on a back-order list for an Asus RTX 3080 Tuf, non-OC. Two months and a couple of weeks later, I had still not received it. So, I went to the store to ask what the situation is. The back-order lineup hadn't moved at all since a week after release-day. The store clerk told me that the non-OC version of the Tuf 3080 had been discontinued and so I'd have to switch to another wait-list to get a card and pay the difference - and the prices on 3080s had increased by about $50 at that point.

I asked to speak to a manager about it, and the manager agreed to put me at the start of the wait-list for the Asus RTX 3080 Tuf OC, and to let me pay the original MSRP of the 3080 Tuf OC instead of the increased price. So, I got a 3080 Tuf OC for MSRP, 2 months after the launch-date.

I didn't use it for mining right away (stupid move - it was far easier to mine then and the price of crypto has skyrocketed since, and I'd have made many thousands of dollars from it by now if I had), but I started to mine maybe 1.5 months ago and have almost recouped the cost of the card.


I sold my previous GTX 1070 for $300. But soon after that is when the mining craze started-up again, and suddenly the Craigslist value of my GTX 1070 had doubled. So, I lost-out on some money by selling it too soon. I could've used it in another system that I have lying around, too.
 
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cybereality , agreed, but they are not going to drop prices once everything stabilizes. Thing about scalpers is they come nd they go, but once manufacturers raise prices, their here to stay.
I thought that before ampere. It’s not correct

Ampere was 85% faster than Turing and cost less.

Nvidia and AMD try to price what the market will bear. They messed up with ampere, but Turing didn’t sell that well, and so they thought they priced it too high. With ampere release timeframe they knew they were competing against the Xbox and the PlayStation new releases where for the price of a 3070 you could buy a whole next gen console. This matters. I have friends who would have upgraded their PC to ampere, but with the value proposition just bought a console instead. I don’t think anyone expected the mad rush based on crypto price boom, and Covid’s has had an impact.

Had Nvidia known this in advance, MSRPs would have been at least double and much higher than Turing, but obviously they didn’t know. So they priced MSRP at less than Turing, and quite inexpensive for the historic performance jump. A 3070 is roughly 2080ti performance. A $500 product compares to a $1200 product from the previous generation? Wow! Nvidia was quite conservative with MSRP on ampere.

IMO, it is likely that Nvidia and AMD will overprice the next generation cards, just like they did Turing. It’s a similar landscape. pascal cards were bought heavily and scalped over MSRP because of Crypto, Nvidia noticed and MSRP went up for Turing. But mining profitability was basically dying when Turing released so now you had an overpriced card in the gaming market without Crypto profit driving sales. Ampere was released when mining wasn’t very profitable. Crypto exploded and so demand went way up, and just like Pascal, Ampere cards are being scalped. I think Nvidia will repeat the higher MSRP for next gen. There will be no console launch simultaneously to temper expectations, and whether or not the higher MSRP is warranted for next gen cards will depend mostly on how active Crypto is at that time. I still say gamers are not the ones buying the endless stream of scalped $2000 3080s all day long on eBay. Gamers will just wait and use what they have. Have you read about a single gamer saying he paid 3x MSRP on hardforum? I haven’t. Miners will pay $2000 for a 3080. Because they know they will make the money back and still have hardware to sell, when the crypto bubble bursts.
 
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