When do the next generation GPUs drop?

[Balasarius]

I feel way better about paying an Ebay scalper $1100 for a 3080 in November.

[Tortilla]

@Dan_Theman

While both contribute, I think ethereum is the biggest culprit at the moment between the two (COVID-19 is probably the single largest influence, however)

That’s the twenty million dollar question that nobody is really addressing. Those in the know (the wholesalers of these products) presumably don’t want to say because the answers will make them look bad. We have some combination of cryptocurrency demand, COVID related supply chain disruptions, and structural issues where other products (consoles) are fighting with video cards for production capacity.

Since cryptocurrencies have been around for a few years and presumably nvidia/amd know how to build that demand into their forecast I’m thinking it’s more COVID/structural issues. Which means maybe it will clear up in a year or so?

[lordkosc]

I can’t wait for 2022, when I can get a used RTX 3080 with almost a thousand hours of crypto mining clocked on it for 5% below MSRP.

:P

[Soma]

Yeah I look at the price and availablility and they are getting worse. But 3060 is just around the corner hopefully price will start coming down soon, or at least flatline.

[DarthMasta]

What incentive does nvidia has to want to support the gaming market instead of the cryptomining one? Because the whole 3060 neutered for mining thing, if nvidia makes more money with mining, it might end up with fewer 3060’s getting made.

[stusser]

Cryptomining is cyclical, it comes and goes, gaming isn’t.

Burger King has the impossible burger because it wants to get vegans and the health conscious in the door, they care about that, it’s potentially a lot of money for them, but their bread and butter is, shall we say, less health conscious and they won’t ever abandon that core userbase.

[Tim_N]

Once Ethereum mining becomes untenable, what will the miners do anyway? I am a little surprised that people are still investing alot into GPUs for mining, as from what I have heard there are changes that could be coming in just a couple of months that would halve profit or more (and this is before the change to proof-of-stake).

After that all that’s left are crappy proof-of-work altcoins that don’t have a hope of a future like Ravencoin or Cortex. Once the miners all switch to mining those to try and draw blood from the stone, the price of those coins will tank no matter the surrounding market conditions and then mining will be gone forever.

[arrendek]

@Tim_N

mining will be gone forever.

Oh, you tease.

[TheWombat]

@stusser

Burger King has the impossible burger because it wants to get vegans and the health conscious in the door, they care about that, it’s potentially a lot of money for them, but their bread and butter is, shall we say, less health conscious and they won’t ever abandon that core userbase.

That is, if they are even half-way intelligent. Which I certainly hope they are. But I’ve also learned never underestimate the ability of American companies to do incredibly stupid things out of short-term greed.

[Aceris]

@Tim_N

After that all that’s left are crappy proof-of-work altcoins that don’t have a hope of a future like Ravencoin or Cortex. Once the miners all switch to mining those to try and draw blood from the stone, the price of those coins will tank no matter the surrounding market conditions and then mining will be gone forever.

Cynically, I kind of expect the proof of work coins to suddenly be the “next big thing” with large unexplained rises shortly before proof-of-stake comes in on ETH.

[Dan_Theman]

@TheWombat

But I’ve also learned never underestimate the ability of American companies to do incredibly stupid things out of short-term greed.

Reminds me of a story from one of the organizations I work for; hotshot joins up, works to make a name for himself by pushing a company-wide system change, glosses over any potential issues, the non-technical decision-makers are enamored and go ahead with it, he gets a promotion and leaves shortly after for greener pastures and the organization is stuck dealing with the fallout of poor decision making and an extremely difficult walk-back option.

I believe companies don’t think long term as much as they used to in part because more of the people who comprise them often don’t plan on sticking around. Add to that the “what have you done for me lately” investment model, and it seems ripe for volatility.

[Menzo]

@Dan_Theman

Reminds me of a story from one of the organizations I work for; hotshot joins up, works to make a name for himself by pushing a company-wide system change, glosses over any potential issues, the non-technical decision-makers are enamored and go ahead with it, he gets a promotion and leaves shortly after for greener pastures and the organization is stuck dealing with the fallout of poor decision making and an extremely difficult walk-back option.

Oh man, I’m getting nervous ticks because I’ve seen this so much. Pretty much every time a new VP of marketing or development joins a company I’m part of I can expect some massive change within 60 days.

[Aceris]

@Dan_Theman

Reminds me of a story from one of the organizations I work for; hotshot joins up, works to make a name for himself by pushing a company-wide system change, glosses over any potential issues, the non-technical decision-makers are enamored and go ahead with it, he gets a promotion and leaves shortly after for greener pastures and the organization is stuck dealing with the fallout of poor decision making and an extremely difficult walk-back option.

The only reason I am not telling my own story similar to this is I haven’t been as careful about my employers anonymity on here as I could be and I still have to work with one of the people involved…

[Papageno]

@Brad_Grenz

We should just outlaw crypto currencies since they are an environmental disaster and contribute no actual value to society.

Damn straight.

[Misguided]

The 3070 I ordered from BLT in mid-December is finally in stock. Nevermind the email I received just this morning with an updated ETA of March 2 🤪

[Alistair]

Hang in there :) By March you’ll be able to resell it and retire…

[JD]

So happy for nVidia…

NVIDIA Closes Out Q4 & FY2021 With Another Round of Record Earnings

Setting revenue and profit records, NVIDIA once more closed their year on a high note. The $5B in revenue they booked made for their best quarter ever, and a 61% jump over the year-ago quarter. Meanwhile NVIDIA’s record $1457M in net income is a similarly significant jump, besting Q4’2020 by 53%.

NVIDIA’s gross margin for the quarter was similarly strong. NVIDIA recorded a gross margin of 63.1%, a slight decline from NVIDIA’s record-setting margin in Q4’2020, but still incredibly comfortable for a fabless semiconductor company.

[Menzo]

People who are wondering why Nvidia doesn’t do something to address miners cornering the market on their graphics cards have their answer.

[Rock8man]

3060 launches tomorrow. Maybe I can find it at list price somewhere.

[Daagar]

Dream big!