News Intel CEO Gelsinger Addresses GPU Shortage: We Are On It

[HC1Gunner]

Raising prices only works when there is no competition. If crypto-mining crashes, there will be millions of retired mining GPUs flooding the market giving people who refuse to pay $400+ for a GPU plenty of options.

It would be stupid to buy any card that was used for mining, they run 24/7 at high temps, basically they are abused cards with a high rate of failure. So tons of crypto mining cards flooding the market is no help. This has already happen once back when Chine outlawed mining.

 

[TerryLaze]

Well intel is also making a bitcoin ASIC card and with any luck it will make GPU mining obsolete.
https://www.tomshardware.com/news/intels-bitcoin-mining-bonanza-chip-bags-its-first-big-customer

 

[bigdragon]

I'm rather surprised that the lack of an LHR feature is a "bone of contention" here. Miners beat LHR quickly. There are many workarounds and methods to escape detection. Resources that could be spent on LHR are much better spent elsewhere.

I fully expect Intel's GPUs to be bought up immediately. I expect zero change to the ongoing GPU shortage until the market starts getting flooded with supply. With HODL culture and "buy the dip," I can't see that supply coming from a fabled flood of retired mining GPUs.

The new normal is dramatically elevated demand for GPU products. Companies pushing the metaverse thing are driving up even more demand. Those crappy office IGPs are not adequate for what every business seems to think is coming. The metaverse thing will probably fizzle out like 3DTV, but that doesn't stop companies from throwing tons of resources at it for the next many years.

 

[Eximo]

Well intel is also making a bitcoin ASIC card and with any luck it will make GPU mining obsolete.
https://www.tomshardware.com/news/intels-bitcoin-mining-bonanza-chip-bags-its-first-big-customer

Sunk cost. A thousand GPUs already set up is already making money. Buying new ASICs would just be a supplement, they wouldn't shut off their GPUs until they became completely unprofitable or they run out of power to expand.

 

[InvalidError]

It would be stupid to buy any card that was used for mining, they run 24/7 at high temps, basically they are abused cards with a high rate of failure.

They may run 24/7 but for peak profitability, they run at reduced voltages and clocks. Given the choice between a new-in-box GPU and a retired mining GPU that still works for half the price, the retired mining GPU would sound like a pretty good deal and likely worth the risk for many people.

View: https://www.youtube.com/watch?v=hKqVvXTanzI

Sunk cost. A thousand GPUs already set up is already making money. Buying new ASICs would just be a supplement, they wouldn't shut off their GPUs until they became completely unprofitable or they run out of power to expand.

GPU mining Bitcoins has been obsolete for many years, not profitable to do on anything other than ASICs. ETH is the new kid on the ASIC block chain and Intel's Bitcoin mining ASIC won't help with that.

 

[Eximo]

Wasn't really relating that to bitcoins myself. They will use the GPUs to mine whatever is profitable. Only when it isn't will they hit the market is what I was getting at. Regardless of new ASIC production for any purpose.

 

[InvalidError]

Wasn't really relating that to bitcoins myself. They will use the GPUs to mine whatever is profitable. Only when it isn't will they hit the market is what I was getting at. Regardless of new ASIC production for any purpose.

GPUs at current GPU and ETH prices have a 500+ days time to break-even which can only be expected to get worse with planned difficulty bombs along the way to PoW combined with still increasing network hash rate.

Not sure the outlook for any of the other GPU coins looks any better as the initial surge in hash rate from GPUs getting re-assigned to other coins will cause market dips until difficulty catches up.