[TH] Upset Investors Accuse Nvidia of Masking $1 Billion in Mining GPU Revenue as Gaming - Page 3 - Overclock.net - An Overclocking Community
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[TH] Upset Investors Accuse Nvidia of Masking $1 Billion in Mining GPU Revenue as Gaming

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post #21 of 31 (permalink) Old 05-20-2020, 12:51 AM
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Quote: Originally Posted by clannagh View Post
Samsung Electronics is by far their biggest profit earner.

However, when talking about Samsung it is still important to distinguish between Samsung Electronics (which is huge in its own right) and Samsung the conglomerate which also includes entities like Samsung Heavy Industries SHI (one of the biggest ship builders in the world), Samsung Engineering (a multinational construction company), Samsung C&T (fashion, food, housing, leisure, and bio businesses) and Samsung Life (Global Fortune 500 insurance company).

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post #22 of 31 (permalink) Old 05-20-2020, 01:27 AM
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Quote: Originally Posted by latexyankee View Post
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During the crypto-craze, coin miners would buy up every GPU they were able to obtain, which lead to massive shortages and severely increased the prices of graphics cards to levels at which gamers wouldn't be buying them anymore.

Yeaaaa...were still paying those prices. Before all this the top card was $500-$700. Not $1250. It will never be the same. The took the risk and priced the flagships at +1k and mouthbreathers ate it up. Sad that my gpu costs as much as every other component combined.
Don't underestimate consoles and the tanking economy. I was def in awe going from a 970 to my 5700, seeing the 2070 S at $500. Even AMD declaring mid range is now $300-$350. Eh and I have allergies mouth ftw despite my big nose. What we got a 5% gain over the 1080 ti going to the 2080 at the same $700 msrp? The excuse of oh they were high demand flattened out as the low demand did not have the same response.


I really could see a KB/M friendly console being quite a bit more tempting over a PC.

1. Everyone has the same hardware.
2. Everyone has the same fps.
3. It's harder to cheat.
4. Consoles only have to optimize one set of hardware giving greater gains for less effort.
5. You can resell games and or buy used games.
6. No more Windows.
7. Plug and play no bs drivers.
8. Default 4k streaming. (pc is default 720p netflix hulu etc on most browsers)


I love my PC but.... If I was in charge of Console marketing.... The PC pay to win master race falls flat on it's face. Hopefully Nvidia has an ace up their sleeve, but seeing intel... Doesn't give much hope.

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post #23 of 31 (permalink) Old 05-21-2020, 02:11 PM
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Quote: Originally Posted by latexyankee View Post
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During the crypto-craze, coin miners would buy up every GPU they were able to obtain, which lead to massive shortages and severely increased the prices of graphics cards to levels at which gamers wouldn't be buying them anymore.

Yeaaaa...were still paying those prices. Before all this the top card was $500-$700. Not $1250. It will never be the same. The took the risk and priced the flagships at +1k and mouthbreathers ate it up. Sad that my gpu costs as much as every other component combined.
Heisenberg LOL.

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post #24 of 31 (permalink) Old 05-21-2020, 02:12 PM
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Quote: Originally Posted by Asmodian View Post
Exactly this. How do you prove Nvidia knew the percentage of new GPUs sold in China that were being used for mining?
China? People were buying them up here in the U.S. for mini-crypto mining farms.

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post #25 of 31 (permalink) Old 05-21-2020, 02:18 PM
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Quote: Originally Posted by latexyankee View Post
The took the risk and priced the flagships at +1k and mouthbreathers ate it up.

(...)

Sad that my gpu costs as much as every other component combined.
Why hello there, fellow mouthbreather.

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post #26 of 31 (permalink) Old 05-21-2020, 03:03 PM
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Quote: Originally Posted by Mooncheese View Post
China? People were buying them up here in the U.S. for mini-crypto mining farms.
Not to nearly the level that was being done in China. They were selling directly from factory to Chinese farming facilities some owned by the Chinese government. If you knew the real numbers you would crap yourself. I have a friend in Chengdu that said he say a truck with them just piled in the back when BTC tanked. They werent even selling them, just throwing them into dumps.

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post #27 of 31 (permalink) Old 05-21-2020, 05:13 PM
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Quote: Originally Posted by Darkpriest667 View Post
They werent even selling them, just throwing them into dumps.
Chances are they got a huge bulk discount from Nvidia on condition they never dumped them onto the 2nd hand market and disposed of them when taken out of service.
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post #28 of 31 (permalink) Old 05-21-2020, 06:05 PM
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Quote: Originally Posted by clannagh View Post
Samsung Electronics is by far their biggest profit earner.

However, when talking about Samsung it is still important to distinguish between Samsung Electronics (which is huge in its own right) and Samsung the conglomerate which also includes entities like Samsung Heavy Industries SHI (one of the biggest ship builders in the world), Samsung Engineering (a multinational construction company), Samsung C&T (fashion, food, housing, leisure, and bio businesses) and Samsung Life (Global Fortune 500 insurance company). Most of which also make money. SHI not so much but mainly due to construction delay penalties messing up there bottom line.

I was not aware , thank you.

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post #29 of 31 (permalink) Old 05-21-2020, 06:08 PM
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Quote: Originally Posted by Darkpriest667 View Post
Not to nearly the level that was being done in China. They were selling directly from factory to Chinese farming facilities some owned by the Chinese government. If you knew the real numbers you would crap yourself. I have a friend in Chengdu that said he say a truck with them just piled in the back when BTC tanked. They werent even selling them, just throwing them into dumps.
Pics or it didn't happen.

READ this thread before starting your first build!!!
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post #30 of 31 (permalink) Old 05-21-2020, 08:30 PM
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Quote: Originally Posted by Hueristic View Post
Pics or it didn't happen.
well - we do know that some of these chinese miners (like the no i/o models) made it into second hand american markets via ebay & the like.

i never heard about them going out for shredding though.

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