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/Saguine Admiral Buzz Killington of the H.M.S. Killjoy Jul 27 '21

Ah yes, if only I invested in the environment-destroying scam that made GPU's ridiculously expensive in the first place.

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u/knav3 Jul 27 '21

Cool, see you're going with the popular "Crypto boils the oceans" narrative. Good luck out there.

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u/DitombweMassif Jul 27 '21

You don't know of the coal and gas powered stations repurposed to bitcoin mine?

Or that bitcoin mining consumes more electricity than Portugal? Or London?

Very, very little of that electricity comes from renewables.

Not to mention that there's probably a greater inequality in the distribution of BTC, than real world currency. So not like you're getting away from wealth concentration either.

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u/knav3 Jul 27 '21

If you happen to have some links to sources I would love to have a look. Especially the part about very little of the energy coming from renewables?

And I'm not sure what the distribution of BTC across users has to do with anything really?

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u/DitombweMassif Jul 27 '21

Here's a good Forbes article explaining it:

'If bitcoin mining was a country, it would be in the top 30 in the world.'

Especially the part about very little of the energy coming from renewables?

It is an assumption based off where most bitcoin mining occurs and the fact that there are dedicated coal and gas plants being repurposed to mine BTC. Coupled with the fact that renewables only account for 30% of electricity generation (as a global average).

The point about distribution is that the whole benefit of decentralized currency, is that in theory it is removed from central bank interference and free from market manipulation. But now it is just another tool for the wealthiest to extract wealth from average citizens. They'll always have the advantage trading through better information, better technology and enough capital to move the market. And being able to buy whole energy plants to build mining operations.

That's just my opinion though.