QUOTE(sonypshomer @ Jun 21 2021, 05:11 PM)
GPU prices already gone down, scalpers in ebay are suffering anxiety, uneasy and sweaty when failed to get the price they hoped for after the bidding ended in 6 days. They keep cancelling the bid even after you won it and relisting them again and again. They refuse to ship to you. Crazy
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meanwhile penipu scammers in Malaysia in a similar ebay-ish platform Carousell, dunno what's going on and still list their GPU rocket high in hoping of getting to the moon very soon. Shopee and Lalada no need to say la more penipu there.
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GPU from official channel please go and whack the distributors... they are the reason why the prices of gpu is still rocket high.
China carousell similiar platform "penipu" listing is to whack scalpers and they hope to bring down the price also, although prices already coming down by about 30%.
China main clamp down is more deadly to btc hashrates compared to gpu mining. We shall monitor after June 26 when major options expired what will happen to the market, for the meanwhile just stay a float and build rigs with percentages of your profits. Current mining profits is back to Q3 2020 levels. Entry of current pricing = impossible to ROI unless you sell the gpu at 50% and hopefully you mined enough to cover the other half and have some profits of 10 to 20%. of course can be accelerated with LP, staking, farming etc.
Good news for gamers on GPU. Since more A series GPU are available, AI developers will go for them instead of rtx series.
Asics might be lelong also since china forcefully clamps down and some player decided to exit the market, not everyone moves to kazakhstan, or setup up their mining facilities for easy relocation.
Malaysia will have more miner hosting services once more LSS is operational or tnb firmed the coal deal with current players. Better still if GTFS 3.0 opens there will be more opportunities.
GPU price will not drop back to msrp so to speak, they can just control the supply and starve the market if they want to keep prices high since there are strong support of buyers still at 1.5x msrp.
Penipu have to work harder to take in more scalpers money so they will have issues with liquidity and hence not profitable later to scalp the gpus....
scalping gpu is lucrative business.