News ASRock Says China Crypto Demand Waning, GPU Prices Dropping: Report

[Admin]

ASRock announces its quarterly earnings for 2021 and mentions renewed supply of graphics cards thanks to China banning crypto miners and a better supply of substrate material.

ASRock Says China Crypto Demand Waning, GPU Prices Dropping: Report : Read more

 

[ocer9999]

Thats good news, with more cards available the eTailer might be less greedy, the OC Formula motherboards were always legendary, the best thing you could buy for perofrmance , would love to get my hands on one OC-Formula 6900XT if the prices drop, that card is a beast..

 

[daworstplaya]

Now all the other countries need to ban Crypto (aka monopoly money) and we can have an end to this madness.

 

[caseym54]

Not sure I'd buy a used graphics card from a Chinese account at any price.

 

[watzupken]

I think Asrock just confessed that they have been selling cards to miners, and less to gamers. The problem I see is this, China has pretty much banned mining activities, which makes sense that demand for GPUs in China for the purpose of mining will drop drastically. The question is, for how long? If you can't mine in China, that does not rule out big mining operations will not move their mining activities outside of China, especially when it is still quite lucrative. So while demand has waned in China, I am pretty sure demand will eventually go up again elsewhere. So until all nations have some sort of ban in place, otherwise I don't see the miner issue going away.

 

[ClapTrapper]

Not sure I'd buy a used graphics card from a Chinese account at any price.

I'm sure I won't-but it is good news because many people will buy used GPUs (I don't-new ones don't seem to last long with me) and this will put downward pressure on new GPUs.

 

[VforV]

I think Asrock just confessed that they have been selling cards to miners, and less to gamers. The problem I see is this, China has pretty much banned mining activities, which makes sense that demand for GPUs in China for the purpose of mining will drop drastically. The question is, for how long? If you can't mine in China, that does not rule out big mining operations will not move their mining activities outside of China, especially when it is still quite lucrative. So while demand has waned in China, I am pretty sure demand will eventually go up again elsewhere. So until all nations have some sort of ban in place, otherwise I don't see the miner issue going away.

As long as BTC keeps struggling between 40k and 30k USD (which affects ETH too) it will slowly get better for GPUs availability and prices. Yes, it still is profitable, but not nearly as much, as it was twice as profitable just a while ago, so less people are inclined to buy at scalper prices of x2, x3 over MSRP.

Now there is a catch, if the prices drop to let's say "only" +50% on average, then even at these 30k-40k BTC values will be worth it again and the majority will want to by again for mining, so it's a double edged sword I guess.

The only thing that can stop this is more crypto bans from more countries and fast. But that is not a certainty... I actually think crypto will never die, but slowly get stronger over time, even with all the anti-crypto measures in place.

 

[g-unit1111]

Oh man I sure hope so. This shortage has been ridiculous beyond words. I might get a 6800XT if they become more available and in stock.

 

[VforV]

Oh man I sure hope so. This shortage has been ridiculous beyond words. I might get a 6800XT if they become more available and in stock.

I'm interested in an RX 6800 myself, but even though it is "cheaper" now and more available it only dropped in price from x3 MSRP to x2 MSRP... which is irrelevant for me as I won't pay a dime over 580 euros for a stock variant or the normal +10% for a good AIB model - as in a normal world would be...

I guess I'll be waiting a while still... I actually expect that by the time prices get to normal Intel with DG2 will be available and I'll and decide between AMD and Intel. nvidia can go **** themselves, I won't be buying from them again unless I can buy them at half the MSRP price and there is no other alternative from AMD/Intel.

 

[g-unit1111]

I guess I'll be waiting a while still... I actually expect that by the time prices get to normal Intel with DG2 will be available and I'll and decide between AMD and Intel. nvidia can go **** themselves, I won't be buying from them again unless I can buy them at half the MSRP price and there is no other alternative from AMD/Intel.

1. No way is that happening. There will always be alternatives, and no manufacturer would ever charge below MSRP on a big ticket item like GPUs, they would be operating at a loss at that point.

2. That's not NVIDIA's fault. Blame the 3rd party retailers and scalpers for the reason price / demand went so sky high. AMD got affected by this too. And if somehow GPU-based mining skyrockets again, it will happen again.

 

[VforV]

1. No way is that happening. There will always be alternatives, and no manufacturer would ever charge below MSRP on a big ticket item like GPUs, they would be operating at a loss at that point.

2. That's not NVIDIA's fault. Blame the 3rd party retailers and scalpers for the reason price / demand went so sky high. AMD got affected by this too. And if somehow GPU-based mining skyrockets again, it will happen again.

1. That's me saying "never", in other words...

2. Are you sure I can't blame nvidia: like raising the halo product price to $1200 with Turing, from $700 with Pascal and $1500 with Ampere, raising it even more over Turing?
How about raising the 3080Ti price last minute from $1000 to $1200?
Or how about the 2080's MSRP of $800, which was also a lot more than the Pascal generation?

These cases are solely on nvidia and nobody else.

They've been raising prices and scalping us for years, it's just that in the last year we got extra scalped by everyone else on top of nvidia's scalping, that made things worse... but even if the prices stayed at MSRP, these MSRP prices nvidia put are horrible scalping prices. Official scalping prices.

These are facts, not opinions.