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NVIDIA Faces New Class Action Lawsuit Over Cryptocurrency-related GPU Demand Drop

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#51
Sadly, I (a gamer) have noticed this too and agree completely. It is sad.
I am a gamer too and have more and more moved to SP only games. I used to form many friendships with people I met gaming that actually transferred to permanent friendships. Not anymore. Pub gaming is like going to Corvette events, if you have ever been around Corvette clubs then you know what I am talking about.

I know people personally who bought dozen of cards
Yeah, I'm sure you do. But I bet you 'know' more people that have SLI setups that take more cards from the industry than you know people that bought dozens of cards?

Also, when I say 'didn't do nothing' I meant in the grand scheme of things. One or two large scale mining farms did more damage than most of the small time miners combined.
 
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#52
I am a gamer too and have more and more moved to SP only games. I used to form many friendships with people I met gaming that actually transferred to permanent friendships. Not anymore. Pub gaming is like going to Corvette events, if you have ever been around Corvette clubs then you know what I am talking about.
I find cooperative games are better. Vermintide, DRG and the like. But I feel your pain.
 
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#53
Gamers pretty much do nothing but whine anymore and would be the last market that I would give preferential treatment. See every thread that has anything to do with a GPU or CPU. Even doubly so if I was AMD as they couldn't get gamers to buy their cards when they were better.

GPUs are no longer solely intended for gaming and gamers are going to have to live with that.

EDIT: In addition, it was not difficult to get cards near MSRP during 90% of the market boom if you put even a shred of effort in.
umm mining is dead... so yeah gamers are the only market right now actually :D but sure thing bud.
 
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#54
I don't see how Nvidia Is to blame for this.
Crypto should be taxed and regulated anyway.
 
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#55
umm mining is dead... so yeah gamers are the only market right now actually :D but sure thing bud.
Mining may be dead but it is far from the only market.

Edit: Gaming is far from the only market.
 
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#56
All of this "we only buy 4 cards " is bollocks, pardon my french
No, it isn't. You are failing to see a subgroup in the larger "mining" group.

Mining may be dead but it is far from the only market.

Edit: Gaming is far from the only market.
Yep. We are second now to compute. Even Intel knows this.
 
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#57
I’m not sure how AMD and NVidia were to manage it. If a big chunk of your market just crashed, demand not only goes down because of lost customers (who bought in volume, no less), but now there’s a durth of used cards on the market. I was able to get a Nitro+ RX 480 for about half the price of a new 580, so I wonder how many buyers didn’t buy new once reality kicked in.
 
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#58
One or two large scale mining farms did more damage than most of the small time miners combined.
So you are finally agreeing that small time miners did in fact contribute to this to a degree, thanks. Though, evidently, this claim of yours that one or two mining farms did more damage is purely speculative I imagine. Unless of course you have something to back that up.
 
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#59
So you are finally agreeing that small time miners did in fact contribute to this to a degree, thanks. Though, evidently, this claim of yours that one or two mining farms did more damage is purely speculative I imagine. Unless of course you have something to back that up.
Holy crap, really?

I literally clarified before that I meant in the grand scheme of things. Also, GPUs are no longer primarily gaming devices. If you want a citation just look at why AMD isn't competing on the high-end. Hint: it isn't because they can't.
 
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#61
I don't see how Nvidia Is to blame for this.
Crypto should be taxed and regulated anyway.
The basis is misleading statements to their investors. Mainly the last conference call Q&A session. They are a few Q's about Inventory that just were badly handled in retrospect if this sticks.

Jensen Huang CEO said:
We’re expecting the channel inventory to work itself out. We are masters at managing our channel, and we understand the channel very well. As you know, the way that we go to market is through the channels around the world. We’re not concerned about the channel inventory.
Colette Kress CFO said:
Yes. So, let me take your first part of the question regarding our gross margins and what we have
seen from crypto. Although crypto revenue may not be large, it still has a derivative impact on our stack in terms of what we are selling and to both replenish the overall channel and such. So, over the last several quarters, that we had stabilizing that overall channel, we did get the great effect of selling just about everything and our margins really been able to benefit from that.
 
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#62
Mining may be dead but it is far from the only market.

Edit: Gaming is far from the only market.
I would need to see actual charts to believe you. Compute cards at the industry level are a different branch of graphics card not sold to consumers generally, secondly, compute is a niche market, sure a lot of us here do it, folding at home, so on and so forth, but it's still very niche when you look at numbers. I bet if we had the actual numbers 70% of all gpu sales would be for gamers right now.
 
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#63
Asking for some sort of proof for your claims, I know, shocking.
No the holy crap was at the level you are needing to be spooned data.

Here is some data for you. One farm has 1.3 PetaHashes. A 580 or 1070 does about 30 mega hashes. Do the math and tell me how many cards that is. Let's be careless and assume that they were using 580s or 1070s and they were mining Ether. Now after you have done that, tell me how many small miners buying 4 cards it takes to equal that.

I would need to see actual charts to believe you. Compute cards at the industry level are a different branch of graphics card not sold to consumers generally, secondly, compute is a niche market, sure a lot of us here do it, folding at home, so on and so forth, but it's still very niche when you look at numbers. I bet if we had the actual numbers 70% of all gpu sales would be for gamers right now.
Awesome!
 
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#64
I would need to see actual charts to believe you. Compute cards at the industry level are a different branch of graphics card not sold to consumers generally, secondly, compute is a niche market, sure a lot of us here do it, folding at home, so on and so forth, but it's still very niche when you look at numbers. I bet if we had the actual numbers 70% of all gpu sales would be for gamers right now.
I wouldn't say 70%, probably closer to 35-40% of all gpus would end up in the consumer space, but I can imagine 70% being the number that gamers represent of that 40%.
 
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#65
GPUs are no longer primarily gaming devices.
They are primarily devices meant for computing graphics workloads. A lot of the hardware inside them is still fixed function, compute isn't the main focus by any stretch of the imagination, it's a mere addition/adaptation.

No the holy crap was at the level you are needing to be spooned data.
Dada that you didn't provide. Let me make myself clear once again maybe you didn't understood what portion of your comment I was referencing,

One or two large scale mining farms did more damage than most of the small time miners combined.
Throw out some numbers, a metric of some sort, anything to back that up. What sort of damage are you even referring to ?
 
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#66
Throw out some numbers, a metric of some sort, anything to back that up. What sort of damage are you even referring to ?
Please see edit.
 
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#67
The basis is misleading statements to their investors. Mainly the last conference call Q&A session. They are a few Q's about Inventory that just were badly handled in retrospect if this sticks.
It sounds like real life happened and now a bunch of angry (and "very productive mining") people are looking for someone to blame.
 
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#68
It sounds like real life happened and now a bunch of angry (and "very productive mining") people are looking for someone to blame.
Please please please tell me you know the difference between Wall Street and Cryptocurrency mining.

Edit: added mining to the last sentence.
 
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#69
tell me how many small miners buying 4 cards it takes to equal that.
Why 4 ? Is this a magic number of some sort ? You insist on keeping these particular quantities when they mean absolutely nothing in the grand scheme of tings. A GPU used for mining is a GPU used for mining be it in a farm or in a PC at home. Everyone did their part, in a bigger or smaller manner.
 
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#70
It sounds like real life happened and now a bunch of angry (and "very productive mining") people are looking for someone to blame.
Well he was asked this

Joe Moore - Morgan Stanley said:
Q1:--some of the GeForce business was being driven by crypto. Can you -- looking backwards, can you size that for us? And I guess if
Q2: I am trying to understand the impact the crypto would have on the guidance for October, given that it seems it was very small in the July quarter?
Jensen Huang CEO said:
Well, I think the second question is easier to answer and the reason -- the first one is just ambiguous. It’s hard to predict, anyway. It’s hard to estimate, no matter what. But, the second question, the answer is we’re expecting -- we’re projecting zero basically. And for the first question, how much of GeForce could’ve been used for crypto?
Not saying something will come of it but you have the CFO and CEO reassuring investors about the channel inventory and the impact of Crypto.
 
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#72
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#73
ou insist on keeping these particular quantities when they mean absolutely nothing in the grand scheme of tings.
Yup, exactly like small miners. Glad to see we came full circle.
 
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#74
You can blame nvidia for many thing, but not for that. It took everybody by surprise in like 2 weeks time.
Stock and then no stock.
No. If Nvidia did indeed lie to shareholders about the whole situation and mislead them. Sure they can be in get a slap on the hand for it. Might not be as clear cut as a simple mistake. AMD seems to have managed it well. While Nvidia did have shit load of GTX 1060s I think. Plus their refusal to drop price to move them faster was mind boggling. You could grab an rx 580 for 200 while gtx 1060s were still going above $250+ for 6gb model.
 
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#75
Though, evidently, this claim of yours that one or two mining farms did more damage is purely speculative I imagine.
The flood images out of China have me inclined to believe it.

Why 4 ? Is this a magic number of some sort ? You insist on keeping these particular quantities when they mean absolutely nothing in the grand scheme of tings. A GPU used for mining is a GPU used for mining be it in a farm or in a PC at home. Everyone did their part, in a bigger or smaller manner.
4 is a good rig "cost to benefit" ratio.

Personally I'd be fine with 2.

It sounds like real life happened and now a bunch of angry (and "very productive mining") people are looking for someone to blame.
It's the stock market looking for someone to blame. Kinda the same type though...
 
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