[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]It’s 2021 and to buy graphic cards at affordable rates seems like an impossible task. Scalpers and miners have taken over and gamers are left with cards like Nvidia 750ti-s, 960-s, Rx 460-s and so on. Those too in absurd prices.
I was personally looking forward to 2021 as the year I’d finally upgrade my Sapphire Rx 560 to a beast from the RTX 3000 series. Unfortunately, scalpers wouldn’t let me.
The price hike to buy graphic cards affected people’s professional lives as well, because graphic designers rely on graphic cards to earn their bread. To create logos, brochures, artwork, etc. for graphic design needs a high CUDA core count which is present in the top-of-the-line graphic cards.
From seeing the prices of graphic cards surge from hundreds to thousands of dollars was heartbreaking for graphic designers and gamers worldwide. In this post, I’ll help you diagnose where the problem began, how to overcome it and buy yourself graphic cards!
How Did This Happen?
Bitcoin skyrocketed, other cryptocurrencies followed and that’s it! That’s where the problems began. Crypto miners started to create mining farms with dozens of graphic cards to generate cryptocurrencies. Mining became so lucrative in 2020 and 2021 that there is no stopping these guys now.
Nvidia was set to release their RTX 3060, on the budget side and reduced the hash rate so that crypto miners steer clear from this set of cards.
Unfortunately, applications helped to bypass that hash-reduction and the price of RTX 3060 hiked as well.
A graphics card with MSRP of only $329 is being sold at around $700 – $1000. Miners are happily buying them because these cards will eventually pay for themselves once they fully utilize them to earn crypto.
Why Don’t Nvidia And AMD Just Increase Production?
This question might come to the mind of an average person, why don’t companies like Sony, Microsoft, Nvidia and AMD increase production to meet the consumer demands? The answer to that is pretty simple.
Not only are scalpers and miners hoarding graphic cards; companies can’t increase production, mainly because of the silicon micro-chip shortage as well which is a main component for circuits inside smart cars, TVs, graphic cards, consoles like the Ps5, Xbox Series X, etc.
Can You Blame COVID-19 For The Shortage?
Yes! You can blame COVID-19 for this shortage of GPUs and consoles. Studies report that due to the shutdown of large manufacturing factories that produced silicon chips that are utilized by GPUs and consoles like the PS5 and Xbox Series X; Large companies like Sony, Microsoft, Car manufacturers, Apple, Nvidia and AMD were unable to meet the demands for consumers.
There aren’t enough chips for everybody. Because of the current global semiconductor scarcity, purchasing a PlayStation 5, Xbox Series X, or high-end GPU from companies may be challenging for months. If not the whole of 2021.
And it isn’t just gaming equipment: automotive companies like Ford and GM are experiencing truck manufacturing issues. Apple producer Foxconn is complaining of component shortages that may continue until 2022, delayed 5G rollouts, and Samsung is warning of a “significant imbalance” in the semiconductor industry.
There are some explanations for the current shortage, including trickle-down delays from last year’s COVID-19 factory shutdowns. An increase of demand from consumers stranded at home during the pandemic.
GPUs Alone Are Not Facing This Shortage
As product demand has increased — and the highly computerized design of even more mundane items such as automobiles or smart home accessories. There has never been a greater need for chips. Around the same period, the market has shrunk during the last several decades since several electronics firms. Including chipmakers such as AMD, have shifted to a fabless model under which they outsource actual production to other companies (like Samsung or TSMC).
However, resolving this chip crisis would most definitely be a question of time. Production will finally cease outpacing restricted availability. And things can return to usual. (and you can purchase a Ps5 without jumping through internet hurdles and lengthy automated queues).
However, those improvements would require time and business investment to create a healthy supply chain over the next few years and decades. And little is going to make things simpler to discover the hard-to-find device in the coming months. However, these updates could render purchasing a potential PlayStation 6 or Xbox successor simpler in the future.
Under the current circumstances, the chances to buy graphic cards at MSRP are incredibly slim. Unless you’re up for spending nights out at microcenter or scrolling through Amazon and stock drop channels on Discord; there isn’t any chance you’d get a decent GPU at a decent price.
This price hike won’t drop until we’re past COVID-19 and/or there is a crypto market crash like the one in 2019. At any circumstance, I strongly advise AGAINST purchasing GPUs by scalpers and hoarders. These are the people who got the GPUs at MSRP and are using the shortage to their advantage and selling at absurd prices.
By purchasing from these people, you are motivating them to hike the prices even further. GPUs are a luxury, not a necessity.
Stay strong boys and girls, we’ll get through this![/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]