Scalpers Have Sold 50,000 Nvidia RTX 3000 GPUs

FrgMstr

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Scalpers Have Sold 50,000 Nvidia RTX 3000 GPUs Through eBay, StockX

The scalpers have raked in an estimated $61.5 million in sales, with $15.2 million made in profit, according to analysis from data engineer Michael Driscoll.

Scalpers have sold close to 50,000 Nvidia RTX 3000 graphics cards on eBay and sneaker site StockX, often at double the normal pricing, according to new analysis.

It’s no secret the RTX 3000 graphics cards are getting resold at insane prices. However, a Chicago-based data engineer named Michael Driscoll has been tracking sales on eBay using a computer script to understand the full scope of the scalping.

On Tuesday, he provided an update on the RTX 3000 sales after previously reporting scalpers had sold 15,224 units on eBay back in early December. The number has since shot up to 39,064 units across all RTX models from the 3060 Ti to 3090.

03kKPmL6SxCJtrPvvsQn0Ba-2.fit_lim.size_768x.pngCredit: Michael Driscoll
In addition, Driscoll has been tracking the RTX 3000 sales on StockX, a site best known for reselling hard-to-find sneakers from Nike and Adidas. According to his computer script, StockX has helped scalpers sell 10,616 units.

03kKPmL6SxCJtrPvvsQn0Ba-3.fit_lim.size_768x.pngCredit: Michael Driscoll
Taken together, 49,680 RTX 3000 GPUs were sold on both sites, raking in $61.5 million in sales. Driscoll estimates $15.2 million was made in profit for the scalpers while another $6.8 million went to eBay and StockX. “In the case of all four RTX 30 series, there was a sudden surge in sales between Christmas and shortly after the new year,” he said.

The pricing has also remained high despite the arrival of the RTX 3060 Ti, which normally retails for $399. “The 3060 went from 160 percent launch price 1/1/21 to now 210 percent launch price and has recently fallen down to 190 percent of launch price. The 3080 is a similar story, from 170 percent at Christmas to now 200 percent,” he added.

03kKPmL6SxCJtrPvvsQn0Ba-4.fit_lim.size_768x.pngCredit: Michael Driscoll
Not helping the matter is a 25% US tariff covering motherboards and GPUs imported from China that went back into effect on Jan. 1. As a result, both GPU vendors, and the scalpers themselves, have raised prices even further.


Unfortunately, the supply situation for the RTX 3000 graphics cards may not improve soon. Nvidia CFO Colette Kress said earlier this month the units “will likely remain lean throughout Q1.”


“Our overall capacity has not been able to keep up with that overall strong demand that we have seen,” she added.

As for Driscoll, he plans on publishing updates this Thursday and Friday on how many Xbox Series X and PlayStation 5 units scalpers have sold on eBay and StockX.
 

Krenum

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No end to human greed or stupidity I tell ya.

This sets a depressing precedent for future technology sales, regarding the customer anyways. Technology companies are now just suppliers of new technology, and smaller stores, like newegg, ebay, microcenter, AIB partners ect. are the pushers. MSRP no longer exists.

I think for a lot of people, if this continues will find a new hobby. Including myself. Too expensive at a time in my life where finances are starting to matter more as well as becoming wiser on how my money is spent.

Lets hope the federal government steps in and does something. Unless people like paying these types of prices.
 
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LukeTbk

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Look at the mega hash being added every month to the alt coins. 50,000 RTX cards is nothing.

It does sound like an extremely small numbers not that big of a numbers (the AIBs market was probably around what 8 billions during that time frame), but only Ebay and StockX and online United State.

If it is representative (say total scalping worldwide sales on all platform are only 4 times that and just 200K), it would still not be a specially big numbers.


LOL, if nobody bought them it would end overnight. I will never by over MSRP out of principal.
Why would someone that calculate a worth it profit from mining not engage in buying over MSRP price too ?
 

Krenum

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Unless nVidia and the OEMs can come up with some secure way to offer cards on their websites in a way that actual consumers can buy them, expect this round to be *every* round going forward.
Just goes to show you. Just because you make a lot of money, doesn't mean you're smart. Or are they?

You'd think a company like Nvidia would be able to make a website storefront to securely sell their products to gamer's, whom which they say they care so much for. Bollocks!
 

kirbyrj

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Just goes to show you. Just because you make a lot of money, doesn't mean you're smart. Or are they?

You'd think a company like Nvidia would be able to make a website storefront to securely sell their products to gamer's, whom which they say they care so much for. Bollocks!

They were so incompetent at it that they farmed it out to bestbuy.
 

Saabjock

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I guess in the end it is up to the consumer as to whether he/she will pay scalper's prices.
I sure as hell won't.
I sold my GTX1080Ti in anticipation of buying a 6800XT.
That'll never happen at the current pricing.
I'll continue to game on my stop-gap GTX770 until it doesn't work anymore, then I'll get back to other hobbies.
To hell with AMD, Nvidia, Intel and every other greedy company who thinks the customer should be used as a piggybank.
 

Kardonxt

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They were so incompetent at it that they farmed it out to bestbuy.
Unfortunately for us incompetence would be putting a system in place to end scalping and inflated prices.

This is great for gpu makers, everything that comes of the line is guaranteed sold and scalpers are doing all the market research to determine what we will pay for them. I would expect MSRP pricing to shift back to 2000 series or even higher next gen if this keeps up.

Turns out big business isn't our friend and what's good for gamers isn't always what's good for shareholders. Who would have thought?
 

Krenum

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They were so incompetent at it that they farmed it out to bestbuy.
That was actually smart in an asshole business sense. Instead of people complaining to Nvidia about shortages and prices, people can now just complain to Best Buy. Nvidia took some of their skin out of the game.
 

KazeoHin

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This is why Supply and demand curves exist.

People may say that the manufacturer has control over the price of a product, but in-fact the market does. That scalper money could have been money in Nvidia's pocket, instead its now encouraging more scalpers.
 

Gorankar

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If people stopped committing crimes, we wouldn't need the police.

If people stopped started dangerous fires, we wouldn't need firefighters.

I could play this "if" game all night.
Scalpers exist because too many people are willing to pay whatever the price. It's a luxury item so it's not really a big deal in the end. I am just putting blame where it belongs. The people willing to pay over retail.
 

Lakados

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I need to see some figures from NVidia but I hope to all that is unholy that 50k units isn’t an overly significant number.
 

polonyc2

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scalper prices suck but I also can't fault them for trying to earn a profit...especially nowadays with COVID and the economy tanking, people are struggling...I can't blame people for using supply and demand and trying to make a buck...it's the foundation of basic Economics...something is worth as much as someone is willing to pay for it...I hate it in spirit but you can't hate the game...
 

sfsuphysics

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scalper prices suck but I also can't fault them for trying to earn a profit...especially nowadays with COVID and the economy tanking, people are struggling...I can't blame people for using supply and demand and trying to make a buck...it's the foundation of basic Economics...something is worth as much as someone is willing to pay for it...I hate it in spirit but you can't hate the game...
You absolutely can hate the game... unfortunately there are people that scream "SOCIALISM!!!" (incorrectly mind you) and point at you... the pointing is what really hurts.

Easy fix, Nvidia/AMD have "authorized resellers" these are your Microcenter, Newegg, Bestbuy, etc. If you buy from one of these directly (and not third parties through said sellers) then you get things like support, a warranty, etc, all of which is checked in some fashion that the person filling out the warranty information is the same person who bought it. If you buy from a non-authorized reseller, you get no support, no warranty. Now sure there are some finer details involved that I don't want to think too much into considering this is a simple hypothetical that will never come true, but yeah... much like venues can absolutely stop scalping by having every person's ticket assigned to a name that gets double checked with ID upon admission to said venue, they simply don't do it because they don't care.
 

Red Falcon

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Brave of you to admit.

I'll leave you with this.

They say comedy is tragedy + time. Hopefully for you , its time to laugh about it.
Your wallet would sound just as high-pitched after an RTX 3000 GPU got through with it - talk about squeezing blood money out of stone! :ROFLMAO:
 

LukeTbk

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then you get things like support, a warranty, etc, all of which is checked in some fashion that the person filling out the warranty information is the same person who bought it. If you buy from a non-authorized reseller, you get no support, no warranty.
Isn't it already the case ?:
NVidia shield for example
LIMITATIONS OF WARRANTY This warranty applies only to the original purchases of the Warranted Products from an NVIDIA-authorized third party or www.nvidia.com; this warranty will not extend to any person that acquires a Warranted Product on a used basis.

EVGA:
EVGA Corporation ("EVGA") warrants that the Product (defined below) delivered hereunder to the original purchaser ("Original Purchaser") from EVGA.com or an EVGA Authorized Reseller (each an "Authorized Reseller")

Zotac:
  • Products must be purchased as new from an authorized ZOTAC reseller. Warranty only applies to the original purchaser of the product and cannot be transferred. Products purchased as secondhand or used, or from auction sites, do not carry any warranty.
From my experience when filling for ZOTAC, prove of purchase at my name and where was asked.
 

THRESHIN

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You absolutely can hate the game... unfortunately there are people that scream "SOCIALISM!!!" (incorrectly mind you) and point at you... the pointing is what really hurts.

Most people can't figure out the difference between a communist, a nazi and a socialist. they also seem to think that capitalism is a fully functional form of government.
 

Saabjock

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Brave of you to admit.

I'll leave you with this.

They say comedy is tragedy + time. Hopefully for you , its time to laugh about it.
Nothing 'brave' about it.
You really think I regret selling my GTX1080Ti...despite not getting that 6800XT?
If you do, you did not fully read and understand the response.
I got fair market value for my card at sale time.
Unlike those willing to pay what ever some scalper proposes, I can wait.
I have lots of hobbies which do not involve computers or gaming.
I have no addictions.
I can sit out gaming for the time being until things finally settle down...and it will at some point.
I always get the card I want...at the price I want.
That GTX1080Ti Duke cost me $400 at a time when they were still selling for better than $700 and I kept it for two years.
What does that tell you?
 
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DejaWiz

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50K cards equates to only a couple of small shipments to a modest sized retailer...that number is jack squat.

The problem is not the scalpers, it's two other things:

1. Paltry supply
2. Buyers that willingly pay the scalpers asking prices
 

TheHig

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Short supply . Hight demand. Prices go gonzo and the vultures swoop in. The fall out from all this will just be higher prices from the manufacturers because clearly they left a ton of margin on the table as people are willing to spend way more than the stated launch price. So expect better supply and a fat markup out of the gate on the RTX 4000s or whatever is next. That or they try and price within reason by comparison and we have this shit show all over again in a couple of years. The bot and scalp machine is getting better and the amount of supply needed to outrun those whales seems out of reach for any launch.
 
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50K cards equates to only a couple of small shipments to a modest sized retailer...that number is jack squat.

The problem is not the scalpers, it's two other things:

1. Paltry supply
2. Buyers that willingly pay the scalpers asking prices
The problem is definitely the idiots that are willing to pay the scalpers. That's the whole reason this happens. If there was no market for it, this would not exist.
 

T4rd

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No end to human greed or stupidity I tell ya.

This sets a depressing precedent for future technology sales, regarding the customer anyways. Technology companies are now just suppliers of new technology, and smaller stores, like newegg, ebay, microcenter, AIB partners ect. are the pushers. MSRP no longer exists.

I think for a lot of people, if this continues will find a new hobby. Including myself. Too expensive at a time in my life where finances are starting to matter more as well as becoming wiser on how my money is spent.

Lets hope the federal government steps in and does something. Unless people like paying these types of prices.

Government regulation and litigation should always be an absolute last resort. This can be mitigated at the retail level if the retailers took it seriously enough; lottery systems, 2FA with phone numbers to restrict bulk purchases to a single account/phone number, bot detection, etc.

But yeah, as others have already alluded to, ultimately the buyers are to blame if the cards are still selling at scalped prices.

Personally I'm still good with my 2080 until I can get a 3080 at MSRP. I'm not a PCMR gamer and have all the other next and previous gen consoles to play with at least that I got at MSRP from retail back in November.
 

Retsam

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LOL, if nobody bought them it would end overnight. I will never by over MSRP out of principal.

100%. I have been looking for a RTX 3060 ti FE or 3070 FE @ $400/$500 for about a month now and I wont pay a penny more for them.
 
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Microcenter gets stock of the good stuff every now and then. they dont sell these high demand things online so it's harder for bots to do anything about it .

if best buy cared about their customers, they'd do the same, only sell these high demand items physically in store

then nvidia could limit stock to online only locations unless they had a means of eliminating bot sales... like some kind of lottery system based on unique delivery destination (non po box) and billing info.
 

Kardonxt

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Microcenter gets stock of the good stuff every now and then. they dont sell these high demand things online so it's harder for bots to do anything about it .

if best buy cared about their customers, they'd do the same, only sell these high demand items physically in store

then nvidia could limit stock to online only locations unless they had a means of eliminating bot sales... like some kind of lottery system based on unique delivery destination (non po box) and billing info.


Microcenter gets stock but it's claimed before the store opens by people who don't need to be at work and can wait in line for several hours. I have no desire for BestBuy to be that way too. I'll take my chances on the every other week stock drops.

Nvidia has no reason to do anything to end botting. All of the inventory being sold out immediately is a great problem for them to have.

Everyone keeps saying Nvidia, AMD, Best Buy, Amazon, Newegg, etc. need to do something to solve this, when the sad reality is none of them have a problem that needs to be solved. They are making money hand over fist. It's us consumers who have a problem, and no real power to fix it, other than to not purchase from scalpers. (which clearly isn't feasible)
 
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