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Graphics Prices will finally come down:

De Shizz

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#21
Funny how guys say prices are dropping yet I see resellers selling them at higher prices yet still plus many 2nd hand cards for sale stating no warranty for more expensive then they should be with a void warranty, market is still a bit screwed for some reason
I think it's because the suppliers would try to offload stock they brought in for higher prices at the higher prices, then when new cheaper orders come in they sell that for less. Basically trying not to lose money on the cards they already have.

I'd imagine there's a definite lag between market price changes and SA just because we don't move nearly as many cards nearly as fast as USA or UK.
 

malhuis

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#22
Bitmain Has Developed an Ethereum ASIC Miner, Wall Street Analyst Claims

"A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners."

They have cracked the ASIC resistant Cryptonight.

Just a technical correction all gamers will probably not care about as long as GPU's get cheaper, but hey, to each his own. Always good to be informed :

Ethereum does not use the Cryptonight algorithm. It in fact uses an algo called "Ethash" ( a modified Dagger-Hashimoto algo). To date there has been no ASIC's for this, though rumors abound. However, the Ether Devs have the option to do a hard fork to a PoS ( proof of stake ) algo and to be honest, they have been contemplating this for a while. The ASICS might just convince them to do it sooner. If they do this, it would render the "soon to be launched" Ethash ASIC useless.

The Cryptonight algo was indeed initially ASIC resistant. . . untill about Dec 2017/Jan 2018 when a terrific spike in hash rate pushed difficulties to almost double overnight. The suspicion at the time was that Bitmain did probably crack the algo and were mining with ASIC's. This proved to be true when they indicated during mid March 2018 that they will be launching the Antminer X3 end March 2018. . . Lot's of miners saw silver and gold and ordered these despite a price to the tune of about R100K ( give or take R15K ) each. The incentive for this being an almost unbelievable hash rate of 220Kh/s from a single X3. Compare this to a 6 x RX580 GPU rig running on average 5Kh/s on Cryptonight. . . So yeah, the carrot was definitely there.

Little did they know that the only reason Bitmain did in fact ready themselves to "sell" the X3 into the market was because they became aware that Monero ( largest Cryptonight coin ) were readying themselves for a hard fork that will again be ASIC resistant and that all the other major Cryptonight currencies were ready to follow suit. So they ( Bitmain ) were in fact ruthlessly dumping the X3 into the market after having mined with them and still getting money for their 8Kg doorstops or R100K noisy heaters, cause that's about all these are good for now seeing as Monero, Sumo, Haven, Stellite, Aeon and Graft successfully hard forked during the first week of April and Turtle is set to do so over the coming weekend. The only big Cryptonight coin with no solid hard fork time frame at the moment is Electroneum. Amazingly, they were one of the ASIC miners biggest targets during the time they mined with it and currently continue to be a viable coin for the ASIC's due to no hard fork plans.

Just a bit of useless info I thought I'd share with you all.
 
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#23
So, funny how people are almost begging to get gfx cards sold now, while in Dec, a gfx card was gone within an hour. 1070ti being sold by one guy for R6,700.... Not bad at all. But ya, poor resellers trying to off load all the back orders that arrived now, those prices are high and they will definitely take knock, unless they can sell it to some bloke not knowing better. Anyways, stock management is critical in any business. Some get it right, others not.
 

SILTECH786

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#24
All great points until you start seeing this hey ,,,

1.People who beg are either paying debit off on those gpus or mining is not working out for them
2.Futhermore most people are selling as the newer series shall Launch soon
3.Agreed stock management is vital , doesnt mean its the end of the world :)
 

Recho

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#25
S SILTECH786

Correct me if I am wrong, but I thought the reason GPU prices will come down is because 90% of mining will move over to ASIC miners and not due to the price of bitcoin/ethereum etc, as those will probably continue to rise until proper regulation hits, which could still be a while?
 

SILTECH786

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#26
Many coins are still asic resistant , Gpu prices are not determined by only crypto markets but by cost of producing , Demand by users , Nvidia/AMD wont want their milking cows to go down in a hurry it has made them billions and will continue to do so !

If we look at what Bitmain has done to the price of their new so "called" eth asic miner from 800usd to 1875 what does that tell you ?
 
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#27
S SILTECH786 viewing btc price over last few days as an indication of the trajectory of the price is a very narrowed (if I can phrase it like that) view of cryptos and where it is heading. Cryptos has been bearish in last few months and the spike in last few days was more emotional, rather than the bulls returning. Factors xyz is more in favour of a downard trend and personally I think the demand from the poeple on the street has significantly declined and will continue to do so, until the actual purpose and benefit of cryptos are made clear and simplistic. Then again I might be wrong. But from $20k fown to $8k in 4 months is far from an upward trend and not all that goes down, will go bavk up again.

Just my 2c.... That being said, looking forward tool 1070 TIs below R6k within a month :)
 
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#29
New prices will take a while to come down due various factors, i.e. costing in a production chain takes a while to filter through, which would then take a while to affect sales price. WAC tries to smooth the impact of significat pricing changes. Further more, we are importing and supplier also then have their own costing. Unfortunately a lot would have purchased at very high prices.

Also, you noted gorge is going to play with it. I can promise you they wont gooi $24bn into cryptos and furthermore from what I read they are looking at speculative trading not investing. Nice money to make shorting cryptos with an hedge. Just because they are now going to start trading with cryptos, doesn't mean they think prices are going up, they can make money with it going down as well.

But ya, whatever floats your boat :)

I for one look forward to cheaper gfx card prices.
 

Smooth_Red

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#33
This guy living in his own world too blind to see any other views than his own. Prices are back to the prices they were on launch. Geez dude
 
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#34
S SILTECH786 - My androind phone was kind enough to give me updates on gfx prices today which is below MSRP. Saw great deals on 1060's and 1080's.

Also, 1070s are now going for less than R6k from a few guys on carb. Second hand prices have already fallen a lot and like a mentioned before, new prices will take awhile to fall, but I see already a few retailers with lower prices. Don't let back order stock at high prices fool you. Prices on imports take a while to filter through.

Luckily crypto is relatively stable.

Anyways, what are you trying to say with the market cap and trade volume?
 

Neo_Geo

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#37
Computer mania still selling GTX 1070 TI for R9500...well they don't seem to know what going on in the outside world. Wootware selling it for R7199 like what????
 

GungYoshi

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#38
prices won't come down until there is a surplus of new graphics cards, while they are still scarce prices will stay high. But if the big mining farms buy less gpu's gradually the prices will normalise again. I feel sorry for the people who bought new graphics cards during the shortage because that will be depreciation like they've never seen before (if the stock levels ever go back to normal that is).
 
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