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Message boards :
Number crunching :
GPU card shortage
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compositeVolunteer tester Send message
Joined: 16 Feb 10 Posts: 1172 ID: 55391 Credit: 1,221,700,432 RAC: 1,518,608
                        
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A popular chain of computer stores in Western Canada (Memory Express) announced they are having inventory problems for video cards and power supplies. So they are limiting direct sales to one per household per day. They are also suspending online sales and their 10% price-beat guarantee on these items. Any stocks they receive will be prioritized for system builds and upgrades rather than direct sales.
There's something going on, I'll usually buy only one every 3 to 5 years.
Checking around, there is a widespread shortage, prompted by the spike in Bitcoin prices and news coverage of late.
https://kotaku.com/the-great-graphics-card-shortage-of-2018-1822346367 | |
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dukebgVolunteer tester
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Joined: 21 Nov 17 Posts: 242 ID: 950482 Credit: 23,670,125 RAC: 0
                  
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This started in the middle of 2017 actually. It was in various news how AMD Vega 56 was sold out immediately after being released. That's august-september 2017. I also found (ukrainian) news dating back to may 2017 about video card sales going insanely up because people are building bitcoin mining farms. | |
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mackerel Volunteer tester
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Joined: 2 Oct 08 Posts: 2652 ID: 29980 Credit: 570,442,335 RAC: 5,621
                              
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This "problem" has been around for a while now. Since around December GPU pricing was already going up, and shortages hit hard this month. Everyone knows there is a problem, but no one knows a workable solution.
Video card manufacturers don't want to increase production. Many were caught out when the last bubble burst and ended up with a lot of excess inventory they had to sell at massive loss, so they don't want to repeat that even if it means there are shortages now.
At least, the mining capable cards are hit hardest. On nvidia side, that is 1060 series upwards. On AMD side, it is pretty much everything with 4GB or more on it. There was a little trick of getting the Titan Xp Star Wars Edition directly from nvidia as they never put up the price even with all this going on, but it looks like they're sold out in US now. They are still available on the UK store. It was never a cheap card, but it seems better value now given the other cards have rocketed in price if you can even find one.
Gamers are just hoping for something to cause another crypto crash so the market will be flooded by miners selling out. I'm not holding my breath, although the increased attention from governments and inevitable regulation will contribute strongly to that.
Even if crypto pricing has fallen back from their recent peak, it remains high enough to fuel mining. Right now, I have 6 full time current gen cards doing it, and my estimated income is over US$500/month. Even knocking off a fair bit for electricity and potential tax later on, that's a decent profit margin.
For those who want a gaming system, apparently the supply and pricing hasn't affected big name system builders, so that remains a viable route to get a system.
Also note older generation cards on the used market haven't been really affected as their lower power efficiency makes them less attractive to mining. A used 970 or 980 would still be potent for gaming today and pricing is far below their equivalent performing modern versions. | |
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Michael Goetz Volunteer moderator Project administrator
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Joined: 21 Jan 10 Posts: 14044 ID: 53948 Credit: 482,370,180 RAC: 568,853
                               
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This started in the middle of 2017 actually. It was in various news how AMD Vega 56 was sold out immediately after being released. That's august-september 2017. I also found (ukrainian) news dating back to may 2017 about video card sales going insanely up because people are building bitcoin mining farms.
What happened to ASIC's being the only viable way to mine Bitcoins? Did GPUs simply catch up?
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My lucky number is 75898524288+1 | |
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mackerel Volunteer tester
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Joined: 2 Oct 08 Posts: 2652 ID: 29980 Credit: 570,442,335 RAC: 5,621
                              
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When people talk about mining Bitcoin, in general they mean cryptocurrency in general. Bitcoin itself is still very much in ASIC territory.
There is a popular mining service, mainly due to its easy to use application, that will make your system mine whatever is most profitable in the moment, and they pay out in Bitcoin.
If you mine coins directly, you get whatever that coin is.
I did dabble with mining in mid-2017, but profits then were much lower than now, plus combined with the summer heat, I didn't get far with it then. That didn't affect supply or pricing of GPUs so much. Mining or not, Vega itself was never made in large quantities, apparently due to restricted supply of the HBM2 it uses. | |
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dukebgVolunteer tester
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Joined: 21 Nov 17 Posts: 242 ID: 950482 Credit: 23,670,125 RAC: 0
                  
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Yeh, mining cryptocurrency in general rather than specifically BTC, I should have said. ASICs will probably always be better at calculating SHA-256 hashes very quickly, but other currencies have different algorithms and approaches that allow GPUs to come in. | |
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mikey Send message
Joined: 17 Mar 09 Posts: 1907 ID: 37043 Credit: 831,727,564 RAC: 818,206
                     
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When people talk about mining Bitcoin, in general they mean cryptocurrency in general. Bitcoin itself is still very much in ASIC territory.
There is a popular mining service, mainly due to its easy to use application, that will make your system mine whatever is most profitable in the moment, and they pay out in Bitcoin.
If you mine coins directly, you get whatever that coin is.
I did dabble with mining in mid-2017, but profits then were much lower than now, plus combined with the summer heat, I didn't get far with it then. That didn't affect supply or pricing of GPUs so much. Mining or not, Vega itself was never made in large quantities, apparently due to restricted supply of the HBM2 it uses.
pm sent asking for info. | |
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mikey Send message
Joined: 17 Mar 09 Posts: 1907 ID: 37043 Credit: 831,727,564 RAC: 818,206
                     
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To add my 2 cents to this thread I ordered a 1080Ti gpu in late December and just got it last week thru Amazon, it took that long for them to fulfill my order. I thought I had cancelled it and ordered one from a different place and it got here within a few days, so I now have 3 of them. No they aren't for sale they were my Christmas and Birthday presents from my wife, the 3rd one I'm also keeping because who would send it back once they have it in hand?!! | |
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To add my 2 cents to this thread I ordered a 1080Ti gpu in late December and just got it last week thru Amazon, it took that long for them to fulfill my order. I thought I had cancelled it and ordered one from a different place and it got here within a few days, so I now have 3 of them. No they aren't for sale they were my Christmas and Birthday presents from my wife, the 3rd one I'm also keeping because who would send it back once they have it in hand?!!
Nice.
I have had good luck with EVGA's auto-notify service, but you have to be quick to get in and order. They had 1080ti hydros available yesterday for all of 15 minutes or so. | |
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Also being discussed on the SETI Number Crunching forum
Christmas money pouring into Newegg....
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I am casually looking for another GPU for my orphaned Skylake system and I was floored by the pricing on eBay when checking the listings about a week ago.
To follow up on mackeral's post on mining, I suspect the credit payments have been adjusted to account for the run-up in the price of BTC (at least with NiceHash V2 where all credits and payments are in BTC). | |
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tng Send message
Joined: 29 Aug 10 Posts: 500 ID: 66603 Credit: 50,926,324,921 RAC: 26,135,723
                                                    
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Wow. Just took a look at pricing.
I considered using the Christmas cash to buy something else, and putting off buying the 1080ti. Glad I didn't.
Hopefully this will clear up, and good graphics cards will become more affordable.
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Michael Goetz Volunteer moderator Project administrator
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Joined: 21 Jan 10 Posts: 14044 ID: 53948 Credit: 482,370,180 RAC: 568,853
                               
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Jeeeeeeeez....
My son bought a GTX 1060 6 GB last March for $235 US. The 3 GB version is going for close to $600 now.
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My lucky number is 75898524288+1 | |
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This is just crazy! See how prices jumped up this month: https://pcpartpicker.com/trends/price/video-card/
I wonder if the same will happen for Titan V. When it was released, I checked that price per compute unit was similar to other top Nvidia cards.
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mackerel Volunteer tester
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Joined: 2 Oct 08 Posts: 2652 ID: 29980 Credit: 570,442,335 RAC: 5,621
                              
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Not saying you can't mine on a Titan V, but a lot of its feature set is irrelevant to mining. What's left isn't particularly special, so I think miners would find it hard to get value out of it.
As for pricing, I could sell my 1070 bought over a year ago for more now than I paid for it. I don't need the cash or the card in short term, but the next gen cards are expected later in the year... I have even older generation that's as fast, but not as power efficient, which would still do me for the gaming side. | |
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mikey Send message
Joined: 17 Mar 09 Posts: 1907 ID: 37043 Credit: 831,727,564 RAC: 818,206
                     
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I am casually looking for another GPU for my orphaned Skylake system and I was floored by the pricing on eBay when checking the listings about a week ago.
To follow up on mackeral's post on mining, I suspect the credit payments have been adjusted to account for the run-up in the price of BTC (at least with NiceHash V2 where all credits and payments are in BTC).
I like this site as it gives the prices for various sites http://www.nowinstock.net/ and it's clickable to get to the item, gpu's are under computers. | |
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Jeeeeeeeez....
My son bought a GTX 1060 6 GB last March for $235 US. The 3 GB version is going for close to $600 now.
I grabbed 4 1060s in 3Q last year for $229/249 USD (3/6GB). That timing is looking pretty good now.
3-4 years ago bought 3 7990s for $120-220 USD, and now they are going on ebay for $350-500.
Unbelievable. | |
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Vendors on Amazon now selling 6-packs of GPUs for cryptocurrency mining
(You will need to disable any ad-blocking options/add-ons you might have in your web browser to view the article)
The demand on GPUs created by cryptocurrency mining has resulted in exorbitantly high priced graphics cards that now routinely sell way above MSRP. If you're willing to cough up the cash, though, you can find just about any card out there. You can even buy in bulk, as third-party vendors on Amazon look to hawk multiple graphics cards at once. Just don't expect a price break.
... To be clear, we're not recommending that anyone actually buy any of this stuff. Not that our recommendation is needed—over at Newegg, similar overpriced bundles are apparently attracting customers in droves, with several listings showing as being sold out.
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SEC halts trading of three companies promoting crypto sales
The Securities and Exchange Commission (SEC) on Friday suspended trading for shares of three companies that promoted plans to sell their own cryptocurrency.
The SEC banned investors from trading shares of Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc., until March 2 as it investigates the companies.
All three companies announced in January that they had acquired high-quality blockchain technology, the ledger system through which cryptocurrencies operate. The companies said they would also launch an “initial coin offering” (ICO), in which a corporation sells units of a proprietary cryptocurrency as it would sell shares on the stock market.
The SEC cited “questions regarding the nature of the companies’ business operations and the value of their assets,” as the reason for its action. It’s the latest measure taken by the agency against companies aiming to rake in cash off of cryptocurrency’s rise.
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T-Mobile Interference Caused by Man's Bitcoin Mining Rig
T-Mobile customers in northern Brooklyn had been complaining for much of last year about mysterious service issues that consistently plagued certain areas of the New York City borough. After a lengthy investigation, the FCC and T-Mobile discovered the culprit was that one man's bitcoing mining rig (more specifically a Bitmain Antminer S5) was somehow causing the interference in the 700Mhz band. "The device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference," the FCC's enforcement bureau told the man in the letter.
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mikey Send message
Joined: 17 Mar 09 Posts: 1907 ID: 37043 Credit: 831,727,564 RAC: 818,206
                     
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T-Mobile Interference Caused by Man's Bitcoin Mining Rig
T-Mobile customers in northern Brooklyn had been complaining for much of last year about mysterious service issues that consistently plagued certain areas of the New York City borough. After a lengthy investigation, the FCC and T-Mobile discovered the culprit was that one man's bitcoing mining rig (more specifically a Bitmain Antminer S5) was somehow causing the interference in the 700Mhz band. "The device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference," the FCC's enforcement bureau told the man in the letter.
I wonder if putting it inside an aluminum foil lined box would help? At the current prices, and them going up again almost daily, it would be a shame to have to shut it down. | |
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mackerel Volunteer tester
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Joined: 2 Oct 08 Posts: 2652 ID: 29980 Credit: 570,442,335 RAC: 5,621
                              
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I wonder if putting it inside an aluminum foil lined box would help? At the current prices, and them going up again almost daily, it would be a shame to have to shut it down.
Once you get notified of something like that, you can't risk continuing, and guessing if a bit of foil is enough to sort it doesn't cut it. The original problem needs to be fixed properly, assuming all the miners don't do that, there is a fault with that specific sample. | |
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T-Mobile Interference Caused by Man's Bitcoin Mining Rig
T-Mobile customers in northern Brooklyn had been complaining for much of last year about mysterious service issues that consistently plagued certain areas of the New York City borough. After a lengthy investigation, the FCC and T-Mobile discovered the culprit was that one man's bitcoing mining rig (more specifically a Bitmain Antminer S5) was somehow causing the interference in the 700Mhz band. "The device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference," the FCC's enforcement bureau told the man in the letter.
I wonder if putting it inside an aluminum foil lined box would help? At the current prices, and them going up again almost daily, it would be a shame to have to shut it down.
Simple solution. Put the whole thing in a Faraday cage.
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Largest Primes to Date:
As Double Checker: SR5 109208*5^1816285+1 Dgts-1,269,534
As Initial Finder: SR5 243944*5^1258576-1 Dgts-879,713
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Monkeydee Volunteer tester
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Joined: 8 Dec 13 Posts: 548 ID: 284516 Credit: 1,725,682,348 RAC: 3,184,040
                            
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T-Mobile Interference Caused by Man's Bitcoin Mining Rig
T-Mobile customers in northern Brooklyn had been complaining for much of last year about mysterious service issues that consistently plagued certain areas of the New York City borough. After a lengthy investigation, the FCC and T-Mobile discovered the culprit was that one man's bitcoing mining rig (more specifically a Bitmain Antminer S5) was somehow causing the interference in the 700Mhz band. "The device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference," the FCC's enforcement bureau told the man in the letter.
I wonder if putting it inside an aluminum foil lined box would help? At the current prices, and them going up again almost daily, it would be a shame to have to shut it down.
Simple solution. Put the whole thing in a Faraday cage.
Encase the entire apartment/house in lead. That'll fix it for everyone.
EDIT: Seems some of the higher end cards are starting to come back into stock with some rather wacky pricing. I saw a GTX 1080 going for less than many 6GB GTX 1060's on Newegg yesterday.
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My Primes
Badge Score: 4*2 + 6*2 + 7*1 + 8*11 + 9*1 + 11*3 + 12*1 = 169
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The extremes these "miners" will go to.....
This Is What Happens When Bitcoin Miners Take Over Your Town
Eastern Washington had cheap power and tons of space. Then the suitcases of cash started arriving.
EAST WENATCHEE, Washington—Hands on the wheel, eyes squinting against the winter sun, Lauren Miehe eases his Land Rover down the main drag and tells me how he used to spot promising sites to build a bitcoin mine, back in 2013, when he was a freshly arrived techie from Seattle and had just discovered this sleepy rural community.
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