News GPU Oversupply Spills Onto the Streets in Vietnam

[Admin]

Pictures and videos from Vietnam illustrate the scale of GPU oversupply facing traders. With ample used GPUs covering entry-to mid-range, it may be hard for next-gen products to gain traction.

GPU Oversupply Spills Onto the Streets in Vietnam : Read more

 

[Co BIY]

I'm glad to see people having fun with a challenge!

 

[ThatMouse]

The 3080 I bought 3 months ago is still the same price and goes in and out of stock and I don't see any 4090's in stock but whatever.

 

[Deleted member 431422]

RX6500 XT or GTX1660 are both well over $200 new, where I live. I don't see any big price drops. Perhaps cards like RX6900 or RTX3090 got cheaper, but I'm not interested in that price segment.
Used cards are expensive as well. I wanted to buy used RX5500 XT or GTX1660 and it's only $50 less, so... No, ridiculous card prices are still a thing even today.

I got lucky and bought Asus Expedition RX570 4GB for around $80. It was a mining card and needed Bios change, but now it works just fine.

 

[pf100]

The 3080 I bought 3 months ago is still the same price and goes in and out of stock and I don't see any 4090's in stock but whatever.

Last week in the U.S. I bought a used 3080 in like new condition for $450 on ebay. Yes, it took a few days of watching ebay, but cards like that are there.

 

[punkncat]

The important factor to note here is that mid and low level cards often weren't part of the crypto craze and prices for them have not fallen much. The high end cards are where the deals are, if you are willing to take the risk.

 

[plateLunch]

The high end cards are where the deals are...

Yeah, that was something I was expecting. But if the price of I end cards drop enough, they should pull demand from the mid and low end cards and cause their prices to drop too.

The high end card market should be saturated if videos like this have a grain of truth and miners are dumping cards. Could something else be happening to keep these mining cards off the market?

 

[bit_user]

RX6500 XT or GTX1660 are both well over $200 new, where I live. I don't see any big price drops. Perhaps cards like RX6900 or RTX3090 got cheaper, but I'm not interested in that price segment.
Used cards are expensive as well. I wanted to buy used RX5500 XT or GTX1660 and it's only $50 less, so... No, ridiculous card prices are still a thing even today.

I think Nvidia and its partners are probably doing everything possible to prop up prices on new cards. If they lose pricing discipline, the market will fall apart quickly and take a long time to rebuild.

 

[bit_user]

The important factor to note here is that mid and low level cards often weren't part of the crypto craze and prices for them have not fallen much. The high end cards are where the deals are, if you are willing to take the risk.

Yes and no. Their prices got inflated because silicon production constraints, but also due to displaced demand from higher-end cards.

Now that the demand has fallen, it's not unreasonable to expect some pricing relaxation. Working against that is inflation. Perhaps as demand slackening works its way all the way back to TSMC, we'll finally see production prices fall enough to enable price cuts in the new price of these cards.

I guess the main takeaway is that things are still in flux. We should give it a little more time, and then see where things settle out.

 

[WINTERLORD]

That is so crazy so what they doing In Vietnam buy a kilo of cards and ur guaranteed to get atleast one good one lol,

People from that area of the world know all about the giant farms the way they treat the hardware though danm they clearly made there money and are just getting some extra

But in all honesty this looks like Nvidia propaganda try to get people to buy new but yeah such a gamble for a high priced card

 

[Co BIY]

But if the price of high end cards drop enough, they should pull demand from the mid and low end cards and cause their prices to drop too.

This could happen ... but the reality of how few mid-high and high cards are ever sold compared to the size of the low-end market means that a large splash in the high-end market might only result in a ripple in the bigger low-end pool.

 

[Wassco]

Bought a 24gb 3090 ftw for 800 cdn..

No regrets.

 

[bit_user]

That is so crazy so what they doing In Vietnam buy a kilo of cards and ur guaranteed to get atleast one good one lol,

That was a joke, in case you didn't pick up on that. The video is a spoof of GPUs being sold by market sellers, but they're not quite yet at the point of selling so cheap.

 

[spentshells]

Never buy a used card from warm coastal region. Salt in the humid air will erode every facet of your card.

 

[Donniezu]

The 3080 I bought 3 months ago is still the same price and goes in and out of stock and I don't see any 4090's in stock but whatever.

From one of Vietnam's largest online electronic store websites, a 2nd hand 3080 from previous gamers (who bought 4090s, not used for mining) is now being sold for USD420.
Source: https://hotgear.vn/products/msi-rtx...h-5-2024?variant=1093305662&source=googleshop

A brand new one costs USD716:
https://hotgear.vn/products/nvidia-...x-3090-gpu-name-ampere-ga106-300-ampere-ga104

So maybe it's true 😉

 

[bit_user]

From one of Vietnam's largest online electronic store websites, a 2nd hand 3080 from previous gamers (who bought 4090s, not used for mining) is now being sold for USD420.
Source: https://hotgear.vn/products/msi-rtx...h-5-2024?variant=1093305662&source=googleshop

That's about what I'm seeing the cheapest working 3080 sold for on ebay, from a US seller ($430):

https://www.ebay.com/itm/175452498318?epid=23040959947&hash=item28d9c8a98e:g:EGUAAOSwmMBjTG0Y&amdata=enc:AQAHAAAAoKdxTBsVddHtFBkinIrp56umQItqu9mfYKJ+g6llsnJZAXOg360fyNX63KJ0uS3DWTfBv7q7VzFwQRcI3GbJwYzzvCoN2a81nkwrM5QkXm0Q9Vqq4lJlFPUH/OLQHi61qvvty5kLZqvWAustvSBCS1Vv/UxNvm60+NM/7ibRstjd629CKTjjq9b87/S4VoBSH/fWuk9upwpmd2wfcf/MHMs=|tkp:Bk9SR-bpsY6FYQ

A brand new one costs USD716:
https://hotgear.vn/products/nvidia-...x-3090-gpu-name-ampere-ga106-300-ampere-ga104

So maybe it's true 😉

Current cheapest for Newegg is $759. However, you can also get a 12 GB model (after $30 rebate) for $759.

Eh... it's still too much for me. I'll probably wait until January and see what kind of deals are around, then. But I don't need to upgrade, either.

 

[Neilbob]

Isn't 1 kilogram of GPU about half of a typical Nvidia GPU these days?

 

[Deepwaterlife48]

and im over over here just looking for a reasonably priced upgrade from my rog strix 1660 s.... lol.

 

[samopa]

Isn't 1 kilogram of GPU about half of a typical Nvidia GPU these days?

You need to buy at least 10 Kg of it, to ensure that you will get one that is working. 😁

 

[hannibal]

Used still at very high prices also in here... But cheaper than new GPUs... so that is something.
3060 350€ so not bad... but something you would expect to pay for new GPU...

 

[SpectriiX]

RX6500 XT or GTX1660 are both well over $200 new, where I live. I don't see any big price drops. Perhaps cards like RX6900 or RTX3090 got cheaper, but I'm not interested in that price segment.
Used cards are expensive as well. I wanted to buy used RX5500 XT or GTX1660 and it's only $50 less, so... No, ridiculous card prices are still a thing even today.

I got lucky and bought Asus Expedition RX570 4GB for around $80. It was a mining card and needed Bios change, but now it works just fine.

Used RX570 4GB in my country, the price just around $40 1660S around 80$. 3070 is a good choice for me, just around $200. imo this is a great time to buy some used card espacially 3000 series, still in warranty and i can long run with them for 4-5 years at least.

 

[Deepwaterlife48]

if im using the asus rog strix 1660s should i skip 20 series completely and go to a 3050 or 3060?

 

[George³]

Мaybe in Vietnam is last real free market is the world? All other markets are corrupted.

 

[Roland Of Gilead]

Isn't 1 kilogram of GPU about half of a typical Nvidia GPU these days?

Very good!

 

[coromonadalix]

They sell like tomatoes with a grain of salt, i see here in canada some left overs of the crypto era loll flooding ads and they tries to sell them high priced ...