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2) The latest earning from NVIDIA and AMD showed that about 30% of their GPU were to crypto miners, so no, the shortage was not an exaggeration and certainly no

2) The latest earning from NVIDIA and AMD showed that about 30% of their GPU were to crypto miners, so no, the shortage was not an exaggeration and certainly not from many years ago.

Mikealcl 4y ago
I took it as the environmental stance not supply when I read it but can see both.
- vhgyu75e6u 4y ago
  Still the same, the more GPUs are added to the network the harder it is to mine, the harder is to mine the more GPUs are added until it is no longer profitable, all this while drawing more power.
  - latchkey 4y ago
    When profitability goes down, miners shut down.
latchkey 4y ago
The shortage was due to demand from people beyond mining wanting GPUs (including a new problem... scalpers) and there not being enough production. In effect, it was a manufactured shortage. There are a ton of articles that talk about all the aspects that went into the shortage and miners are definitely not the only reason. Easy scapegoat though... https://www.pcmag.com/news/inside-the-gpu-shortage-why-you-still-cant-buy-a-graphics-card https://www.pcmag.com/news/inside-the-gpu-shortage-why-you-s... https://gamerant.com/nvidia-gpu-shortage-not-due-crypto-mining-says-cfo/ https://gamerant.com/nvidia-gpu-shortage-not-due-crypto-mini... https://www.pcgamer.com/why-crypto-mining-wasnt-the-only-culprit-for-wild-gpu-prices/ https://www.pcgamer.com/why-crypto-mining-wasnt-the-only-cul...
- belltaco 4y ago
  Link #1 and #3 mention crypto as one of the causes of the shortage. Like #2 is a statement by Nvidia who has a vested interest in lying, and has lied about the exact same issue so blatantly that they got fined by the SEC for it. https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charges-fine-settlement-gaming-gpu-crypto-mining https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charge... Scalpers only come in when there's a shortage already, they don't cause shortages except at launch, they just delay items getting to the real users. There's image and video evidence of dozens to hundreds of GPU mining rigs in a single room if you care to look. Eg. https://cdn.discordapp.com/attachments/788512140322406473/908192493554782238/120_rtx_3070s_7500_mhs-fjtdyi5y98d71.mp4 https://cdn.discordapp.com/attachments/788512140322406473/90... https://old.reddit.com/r/pcmasterrace/comments/r39ph3/found_this_video_in_a_group_chat/ https://old.reddit.com/r/pcmasterrace/comments/r39ph3/found_... https://old.reddit.com/r/pcmasterrace/comments/wganva/posted_on_facebook_group_mining_rig_to_the_moon/ https://old.reddit.com/r/pcmasterrace/comments/wganva/posted...
  - latchkey 4y ago
    I just gave some random links I googled... feel free to keep digging, there are more that back me up. You're wrong about scalpers too. They know the market... of course they know to prey on every opportunity. Your 'evidence' is really nothing. That's a few thousand gpus... not that many, honestly. They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms. full disclosure: i'm a huge gpu miner, so i definitely have some experience in this area.
    - vbo 4y ago
      What are you going to do with your gpus once the merge happens?
    - vhgyu75e6u 4y ago
      Then you have a vested interest in playing down the effect that this waste of energy bubble had/is. > They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms. Way off the mark there, gamers not in the 1% don't buy top of the line GPU (as reflected in the Steam survey), they buy the budget to mid range price. When miners started buying GPU left and right in pallets, NVIDEA and AMD saw it and shift the manufacturing to the top of the line GPU where they have the highest margins even if the waffer would yield a lot less, because miners would buy them ASAP anyway. This reduced the amount of lower tier GPUs in the market. Funny you mention the RX470, a GPU famously never in stock because of this dumb piramid scheme.

2) The latest earning from NVIDIA and AMD showed that about 30% of their GPU were to crypto miners, so no, the shortage was not an exaggeration and certainly not from many years ago.

Mikealcl 4y ago

I took it as the environmental stance not supply when I read it but can see both.

vhgyu75e6u 4y ago
Still the same, the more GPUs are added to the network the harder it is to mine, the harder is to mine the more GPUs are added until it is no longer profitable, all this while drawing more power.
- latchkey 4y ago
  When profitability goes down, miners shut down.

latchkey 4y ago

The shortage was due to demand from people beyond mining wanting GPUs (including a new problem... scalpers) and there not being enough production. In effect, it was a manufactured shortage. There are a ton of articles that talk about all the aspects that went into the shortage and miners are definitely not the only reason. Easy scapegoat though... https://www.pcmag.com/news/inside-the-gpu-shortage-why-you-still-cant-buy-a-graphics-card https://www.pcmag.com/news/inside-the-gpu-shortage-why-you-s... https://gamerant.com/nvidia-gpu-shortage-not-due-crypto-mining-says-cfo/ https://gamerant.com/nvidia-gpu-shortage-not-due-crypto-mini... https://www.pcgamer.com/why-crypto-mining-wasnt-the-only-culprit-for-wild-gpu-prices/ https://www.pcgamer.com/why-crypto-mining-wasnt-the-only-cul...

belltaco 4y ago
Link #1 and #3 mention crypto as one of the causes of the shortage. Like #2 is a statement by Nvidia who has a vested interest in lying, and has lied about the exact same issue so blatantly that they got fined by the SEC for it. https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charges-fine-settlement-gaming-gpu-crypto-mining https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charge... Scalpers only come in when there's a shortage already, they don't cause shortages except at launch, they just delay items getting to the real users. There's image and video evidence of dozens to hundreds of GPU mining rigs in a single room if you care to look. Eg. https://cdn.discordapp.com/attachments/788512140322406473/908192493554782238/120_rtx_3070s_7500_mhs-fjtdyi5y98d71.mp4 https://cdn.discordapp.com/attachments/788512140322406473/90... https://old.reddit.com/r/pcmasterrace/comments/r39ph3/found_this_video_in_a_group_chat/ https://old.reddit.com/r/pcmasterrace/comments/r39ph3/found_... https://old.reddit.com/r/pcmasterrace/comments/wganva/posted_on_facebook_group_mining_rig_to_the_moon/ https://old.reddit.com/r/pcmasterrace/comments/wganva/posted...
- latchkey 4y ago
  I just gave some random links I googled... feel free to keep digging, there are more that back me up. You're wrong about scalpers too. They know the market... of course they know to prey on every opportunity. Your 'evidence' is really nothing. That's a few thousand gpus... not that many, honestly. They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms. full disclosure: i'm a huge gpu miner, so i definitely have some experience in this area.
  - vbo 4y ago
    What are you going to do with your gpus once the merge happens?
  - vhgyu75e6u 4y ago
    Then you have a vested interest in playing down the effect that this waste of energy bubble had/is. > They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms. Way off the mark there, gamers not in the 1% don't buy top of the line GPU (as reflected in the Steam survey), they buy the budget to mid range price. When miners started buying GPU left and right in pallets, NVIDEA and AMD saw it and shift the manufacturing to the top of the line GPU where they have the highest margins even if the waffer would yield a lot less, because miners would buy them ASAP anyway. This reduced the amount of lower tier GPUs in the market. Funny you mention the RX470, a GPU famously never in stock because of this dumb piramid scheme.