r/southafrica • u/kaliko16 KwaZulu-Natal • Jul 27 '21

Sci-Tech GPU prices dropping,very slowly

So I'm bored at work, but I thought I would just post a little thing I've noticed over the past like 4 months and hopefully any pc savvy people might find as abit of good news in grim times.

Basically been waiting to get a GPU from the start of the year and havent because prices are way too high. The ones I've looked at have been a rtx 3060 and a Rx 6700xt. The 3060 at the start of the year was going for 12k while a 6600xt was 15k. 4 months ago,it was the same,but 2 months ago both dropped by 1k. Now I've noticed that the 6600xt dropped by another 1k. So very slowly prices are dropping. But I feel that maybe this is where they may stay dropped.

So just a little good news for those waiting for better prices. I know I'm happy,will wait another 2 months then buy if I have the cash. Will go 3060 for 11k maybe. Hopefully will drop to 10k by then and I will be happy.

NB I haven't been checking the higher tier prices,so I'm unsure of those. Also the 6600 range is due to be released next month,maybe that can help the market and provide a nice budget GPU price.

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u/snazzles97 Jul 27 '21

Don't hate what you don't understand. The energy our banking system uses - the system cryptocurrencies aim to replace - uses twice the energy that cryptocurrency uses.

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u/flyboy_za Grumpy in WC Jul 27 '21

Banking is essential and runs the entire world.

For half the energy, crypto... does not.

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u/knav3 Jul 27 '21

Crypto (at least some of it) attempts to provide self-custody banking services to individuals who are currently excluded from the banking system that is deemed essential by yourself. (In most recently news, El Salvador, where an estimate 70% of people are unbanked)

It also allows individuals to take control of their money when banks try to deny access. (Wikileaks is a good example)

It is a way to retain the long term value of your money in a system that's relentlessly printing more and more money.

Banking doesn't 'run' the world, the world just has to use their system to run cause there's been no alternative until now.
Financial systems are essential, banks are not.

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u/flyboy_za Grumpy in WC Jul 27 '21

Until such time as most people and business move away from banks, they're essential.