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Comment by belltaco | Hacker News Reader

Link #1 and #3 mention crypto as one of the causes of the shortage.

Like #2 is a statement by Nvidia who has a vested interest in lying, and has lied about the exact same issue so blatantly that they got fined by the SEC for it.

https://www.theverge.com/2022/5/6/23059930/nvidia-sec-charge...

Scalpers only come in when there's a shortage already, they don't cause shortages except at launch, they just delay items getting to the real users.

There's image and video evidence of dozens to hundreds of GPU mining rigs in a single room if you care to look.

Eg. https://cdn.discordapp.com/attachments/788512140322406473/90...

https://old.reddit.com/r/pcmasterrace/comments/r39ph3/found_...

https://old.reddit.com/r/pcmasterrace/comments/wganva/posted...

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I just gave some random links I googled... feel free to keep digging, there are more that back me up.

You're wrong about scalpers too. They know the market... of course they know to prey on every opportunity.

Your 'evidence' is really nothing. That's a few thousand gpus... not that many, honestly. They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms.

full disclosure: i'm a huge gpu miner, so i definitely have some experience in this area.

What are you going to do with your gpus once the merge happens?

Then you have a vested interest in playing down the effect that this waste of energy bubble had/is.

> They are also not top of the line gpus... which gamers want to buy. older rx470 polaris class gpus are more than enough for large mining farms.

Way off the mark there, gamers not in the 1% don't buy top of the line GPU (as reflected in the Steam survey), they buy the budget to mid range price. When miners started buying GPU left and right in pallets, NVIDEA and AMD saw it and shift the manufacturing to the top of the line GPU where they have the highest margins even if the waffer would yield a lot less, because miners would buy them ASAP anyway. This reduced the amount of lower tier GPUs in the market.

Funny you mention the RX470, a GPU famously never in stock because of this dumb piramid scheme.

> Then you have a vested interest in playing down the effect that this waste of energy bubble had/is.

Nope, not at all. My business model doesn't depend on mining forever. I'm not playing down anything. I'm just saying that mining isn't the only reason (and at most 30% the reason) that GPUs were hard to find.

> Funny you mention the RX470, a GPU famously never in stock because of this dumb piramid scheme.

It came out 5 years ago and newer models replaced it.

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