Massive amount of GPU returns at my local computer store...

FP91G

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Quote from: joniboini on January 27, 2023, 07:58:52 AM

Quote from: FP91G on January 25, 2023, 06:39:25 AM

The Evga brand is unknown in China. In Russia, this brand is also very little known, and people prefer to buy Asus and Gigabyte. And in other countries there may be a similar situation.

Is there a statistic for this? I heard many different things from different sources, but most of them are talking about Europe/US so it is hard to tell how relevant the data for my region is. I can tell that Galax, Zotac, and other Chinese brands are quite popular here since they are much cheaper compared to other AIBs. Most of them are very hot and loud though. EVGA and the rest are quite expensive but still sold quite decently, but the difference in sales numbers is not that big on the online marketplace that I regularly use.

I have not seen such statistics, but I rarely see the EVGA brand in Chinese stores. Galax, Zotac are not Chinese brands. By Chinese brands I mean Colorful, Jieshuo, Kllisre, ONDA, Graphicsplayer, MAXSUN, GALAPAD and others. Many Colorful models appear in Russia, they have very good reviews.

joniboini

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Quote from: FP91G on January 25, 2023, 06:39:25 AM

The Evga brand is unknown in China. In Russia, this brand is also very little known, and people prefer to buy Asus and Gigabyte. And in other countries there may be a similar situation.

Is there a statistic for this? I heard many different things from different sources, but most of them are talking about Europe/US so it is hard to tell how relevant the data for my region is. I can tell that Galax, Zotac, and other Chinese brands are quite popular here since they are much cheaper compared to other AIBs. Most of them are very hot and loud though. EVGA and the rest are quite expensive but still sold quite decently, but the difference in sales numbers is not that big on the online marketplace that I regularly use.

Quote from: swogerino on January 22, 2023, 05:50:16 PM

The other brands left are good enough but of course they have not the same name as Evga when it comes to GPU-s so that is why I think the selling of the 4000 series will continue to be poor,of course also impacted by a lot of cheap 3000 series around.

I think this might be true for the US since according to some news EVGA accounts for at least 40% of Nvidia's market share there[1]. The rest of the world might not be the same though. Not to mention EVGA's main revenue comes from GPU, while ASUS and the rest produce other things. Since GPUs are no longer profitable for them, it makes sense that they stop producing new cards.

[1] https://history-computer.com/evga-stops-making-video-cards-and-blames-nvidias-bad-behavior/

FP91G

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Quote from: swogerino on January 22, 2023, 05:50:16 PM

Quote from: FP91G on January 21, 2023, 08:24:24 AM

The latest news from Nvidia's partners is talking about poor sales of 4080 and 4070ti graphics cards. The 4090 sold much better. Accordingly, the 4070 and 4060 will also not be in great demand, because there are many cheap 3000 series video cards on the market.

Most of the Nvidia cards I think were Evga,the ones who sold really quickly as they made absolutely the best cards,they tuned the Nvidias to perfection.However now that they accused directly Nvidia of leaving them in the dark about prices so Evga did not made the projected profit they told immediately Nvidia that starting from the 4000 series they will no longer be a partner to Nvidia cards.The other brands left are good enough but of course they have not the same name as Evga when it comes to GPU-s so that is why I think the selling of the 4000 series will continue to be poor,of course also impacted by a lot of cheap 3000 series around.

I don't think Nvidia has a problem with brands. The Evga brand is unknown in China. In Russia, this brand is also very little known, and people prefer to buy Asus and Gigabyte. And in other countries there may be a similar situation. If I choose a power supply, then I choose Corsair with a 10-year warranty, and the same Evga power supply in Russia is more expensive and the warranty period is shorter.

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Quote from: FP91G on January 21, 2023, 08:24:24 AM

The latest news from Nvidia's partners is talking about poor sales of 4080 and 4070ti graphics cards. The 4090 sold much better. Accordingly, the 4070 and 4060 will also not be in great demand, because there are many cheap 3000 series video cards on the market.

Most of the Nvidia cards I think were Evga,the ones who sold really quickly as they made absolutely the best cards,they tuned the Nvidias to perfection.However now that they accused directly Nvidia of leaving them in the dark about prices so Evga did not made the projected profit they told immediately Nvidia that starting from the 4000 series they will no longer be a partner to Nvidia cards.The other brands left are good enough but of course they have not the same name as Evga when it comes to GPU-s so that is why I think the selling of the 4000 series will continue to be poor,of course also impacted by a lot of cheap 3000 series around.

adaseb

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Quote from: SquallLeonhart on January 22, 2023, 02:56:52 PM

Quote from: adaseb on January 21, 2023, 01:10:33 AM

I remember the same situation back in the Apple product launch days. I think it was either the iPad 3rd gen or IPhone 5S or something which just didn’t have enough demand to cause shortages and scalpers bought a bunch to flip and when nobody wanted to buy they had to return.

Now I understand returning one or two but I saw a family return probably like 20 of these apple products. They were limited to something like 2x per customer and the entire family came to the Apple store and return it one by one. I felt bad because the other customers in the store were laughing at them. The employees took it all back and they got their refunds.

Now I guess these days are gone of people camping outside Apple stores to get the latest tech.

What a nice store if they will let their customer return the item but I think as long as the item was still sealed but it's only a bit hassle on the part of the store owner. If I am one of their customer, I will not buy the item in advice but I will wait first if there are people that will order on me.

I will also make sure that they are not a bogus buyer and then that's going to be the time, I will buy the items in my favourite store. If that family you saw return 20 items then they are compose of the 10 people? What a big family that was but their parents are wise to think of this idea but again like I said earlier, this was a bit hassle not only for the owner but also for that family.

There was maybe 4-5 family members, I think they paid with different methods such as with cash and credit card. So each family member bought 4 items each. It was years ago so I don't remember exactly.

This doesnt happen anymore. It got popular when phones such as the iPhone 4 was in such high demand that people were flipping them for 100% profit on eBay or sending it overseas.

There was a rumor circulating that Steve Jobs on purpose created artificial shortages to create more demand for the iPhone and Apple products. Basically when you heard on the news that "iPhone 4 SOLD OUT WORLDWIDE" you would think "Oh wow, if its sold out, it means it has to be good and i'll buy one". Then when the new CEO took over the shortages I guess ended.

SquallLeonhart

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Quote from: adaseb on January 21, 2023, 01:10:33 AM

I remember the same situation back in the Apple product launch days. I think it was either the iPad 3rd gen or IPhone 5S or something which just didn’t have enough demand to cause shortages and scalpers bought a bunch to flip and when nobody wanted to buy they had to return.

Now I understand returning one or two but I saw a family return probably like 20 of these apple products. They were limited to something like 2x per customer and the entire family came to the Apple store and return it one by one. I felt bad because the other customers in the store were laughing at them. The employees took it all back and they got their refunds.

Now I guess these days are gone of people camping outside Apple stores to get the latest tech.

What a nice store if they will let their customer return the item but I think as long as the item was still sealed but it's only a bit hassle on the part of the store owner. If I am one of their customer, I will not buy the item in advice but I will wait first if there are people that will order on me.

I will also make sure that they are not a bogus buyer and then that's going to be the time, I will buy the items in my favourite store. If that family you saw return 20 items then they are compose of the 10 people? What a big family that was but their parents are wise to think of this idea but again like I said earlier, this was a bit hassle not only for the owner but also for that family.

FP91G

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Quote from: adaseb on January 22, 2023, 12:25:31 AM

Quote from: UserU on January 21, 2023, 09:00:30 AM

Quote from: rdluffy on January 19, 2023, 02:11:58 PM

Scalpers are usually people who do not legally have open businesses, only the average joe trying to make some money without any risk, since they can return the items if they do not sell.
It's easy to do that, but I consider it unethical they return to the store to take the loss.
Some places don't accept RMA without you being the first owner with a receipt.

If it's a brick-and-mortar store, I don't think the staffs would verify the owner against the receipt's as long as the order is valid.

Assuming the seller is an online store, they should honor the warranty by sending it for RMA on the buyer's behalf.

It depends on the company. I had many good RMA which I bought second hand like MSI and Gigabyte where all they need is the serial # which provides a build date and it’s good enough for warranty work.

Other like Sapphire if I recall you not only need to ship it somewhere overseas, but you need a original receipt and proof you are original owner.

Hence why I stopped buying any Sapphire products after that.

I haven't heard of this method in a long time. If you return the video card to the seller or send it to a service center in your country for repair, then you have the opportunity to complain about the violation of the terms of repair or refund in accordance with your laws.
And if you send a video card abroad, then you can wait a very long time, but there will be no refund.

adaseb

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Quote from: UserU on January 21, 2023, 09:00:30 AM

Quote from: rdluffy on January 19, 2023, 02:11:58 PM

Scalpers are usually people who do not legally have open businesses, only the average joe trying to make some money without any risk, since they can return the items if they do not sell.
It's easy to do that, but I consider it unethical they return to the store to take the loss.
Some places don't accept RMA without you being the first owner with a receipt.

If it's a brick-and-mortar store, I don't think the staffs would verify the owner against the receipt's as long as the order is valid.

Assuming the seller is an online store, they should honor the warranty by sending it for RMA on the buyer's behalf.

It depends on the company. I had many good RMA which I bought second hand like MSI and Gigabyte where all they need is the serial # which provides a build date and it’s good enough for warranty work.

Other like Sapphire if I recall you not only need to ship it somewhere overseas, but you need a original receipt and proof you are original owner.

Hence why I stopped buying any Sapphire products after that.

ccplz

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Quote from: Metroid on January 17, 2023, 09:24:49 AM

Lot to crash yet before we see the bottom, will take a long time before mining becomes a thing again if ever does, 2025 might get a little bit better.

do you ever stop FUDing, or do you make a living out of it? I remember you from the btc-e trollbox and pretty much nothing has changed like 7 years later

UserU

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Quote from: rdluffy on January 19, 2023, 02:11:58 PM

Scalpers are usually people who do not legally have open businesses, only the average joe trying to make some money without any risk, since they can return the items if they do not sell.
It's easy to do that, but I consider it unethical they return to the store to take the loss.
Some places don't accept RMA without you being the first owner with a receipt.

If it's a brick-and-mortar store, I don't think the staffs would verify the owner against the receipt's as long as the order is valid.

Assuming the seller is an online store, they should honor the warranty by sending it for RMA on the buyer's behalf.

FP91G

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The latest news from Nvidia's partners is talking about poor sales of 4080 and 4070ti graphics cards. The 4090 sold much better. Accordingly, the 4070 and 4060 will also not be in great demand, because there are many cheap 3000 series video cards on the market.

adaseb

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I remember the same situation back in the Apple product launch days. I think it was either the iPad 3rd gen or IPhone 5S or something which just didn’t have enough demand to cause shortages and scalpers bought a bunch to flip and when nobody wanted to buy they had to return.

Now I understand returning one or two but I saw a family return probably like 20 of these apple products. They were limited to something like 2x per customer and the entire family came to the Apple store and return it one by one. I felt bad because the other customers in the store were laughing at them. The employees took it all back and they got their refunds.

Now I guess these days are gone of people camping outside Apple stores to get the latest tech.

rdluffy

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Quote from: UserU on January 18, 2023, 03:32:43 AM

I thought buying from scalpers or the owner warrants a receipt of purchase as well? It wouldn't make sense if there isn't

Scalpers are usually people who do not legally have open businesses, only the average joe trying to make some money without any risk, since they can return the items if they do not sell.
It's easy to do that, but I consider it unethical they return to the store to take the loss.
Some places don't accept RMA without you being the first owner with a receipt.

Quote from: FP91G on January 18, 2023, 06:00:18 AM

In my country, the video card can be returned within 15 days after purchase, but the video card must not be used. Some stores have extended return programs, but after the end of Ethereum mining, video cards were excluded from these programs

In my country if you buy something online you have 7 days to regret and return the item without any loss. But this is not valid to physical places, only some stores do that to attract customers.

Quote from: adaseb on January 17, 2023, 09:02:05 PM

Yes they were all Nvidia 4xxx pretty much. Most were unopened.

As I suspected, all 4xxx series.
No more demand now, it's pretty obvious, I don't know the numbers, but I would guess something like 95% demand reduction after the end of ETH POW.

Quote from: adaseb on January 17, 2023, 09:02:05 PM

Someone even posted some Craigslist ad on Nvidia Reddit or some gamer forum and basically was “Selling Nvidia GPUs at MSRP” and everybody there said they wouldn’t buy because if there is stock, why buy from a scalper and worry about getting a defective unit and then having to deal with warranty issues
Without being the original owner or having the original receipt. And I agree with them.

I agree too, because the store takes the risk in this case, the scalper will try to sell, but if he fails, it's easy to return everything and get the money back. It's not fair, the store have to pay employees, taxes, rent etc, the scalper don't have any obligation.

TalkativeCoin

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Quote from: fmz89 on January 19, 2023, 01:43:45 AM

Quote from: adaseb on January 16, 2023, 06:28:06 PM

Went to my local computer store for some parts. And right in front of the store they had a huge collection of returns and almost all of them were GPUs. Many were still sealed. They have a decent return policy and I am figuring out that these are mostly scalper returns.

Really surprised that they didn't just decline returns if someone is returning like 10x GPUs, which is clearly not for personal use but for scalping. Very surprised that people are still trying to scalp GPUs these days when ETH POS was months ago.

Cause rtx 4000 was disappointed so scalper began to accumulate rtx 3000 / rx 6000 series they stupidly cheap, for me buying 2nd more reasonable than any current deal at very moment, this heaven for gamer, miner still steady watching mining announcements, but nothing came to replace eth, gpu miner need to sell as much they can for us miner began to profitable again

I've noticed that too, at first they hopped onto it like there was no end, but they revered back quickly. Either way, the market seems more healthier than last two years, at least from the perspective of gamers.

FP91G

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Quote from: fmz89 on January 19, 2023, 01:43:45 AM

Quote from: adaseb on January 16, 2023, 06:28:06 PM

Went to my local computer store for some parts. And right in front of the store they had a huge collection of returns and almost all of them were GPUs. Many were still sealed. They have a decent return policy and I am figuring out that these are mostly scalper returns.

Really surprised that they didn't just decline returns if someone is returning like 10x GPUs, which is clearly not for personal use but for scalping. Very surprised that people are still trying to scalp GPUs these days when ETH POS was months ago.

Cause rtx 4000 was disappointed so scalper began to accumulate rtx 3000 / rx 6000 series they stupidly cheap, for me buying 2nd more reasonable than any current deal at very moment, this heaven for gamer, miner still steady watching mining announcements, but nothing came to replace eth, gpu miner need to sell as much they can for us miner began to profitable again

Paradise for a gamer in those countries where there were a lot of miners. Now there is a big sale of video cards. For 200 dollars you can buy a 2060 super or 2070 video card. Most gamers do not go to buy expensive video cards in stores.

swogerino

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Quote from: fmz89 on January 19, 2023, 01:43:45 AM

Quote from: adaseb on January 16, 2023, 06:28:06 PM

Went to my local computer store for some parts. And right in front of the store they had a huge collection of returns and almost all of them were GPUs. Many were still sealed. They have a decent return policy and I am figuring out that these are mostly scalper returns.

Really surprised that they didn't just decline returns if someone is returning like 10x GPUs, which is clearly not for personal use but for scalping. Very surprised that people are still trying to scalp GPUs these days when ETH POS was months ago.

Cause rtx 4000 was disappointed so scalper began to accumulate rtx 3000 / rx 6000 series they stupidly cheap, for me buying 2nd more reasonable than any current deal at very moment, this heaven for gamer, miner still steady watching mining announcements, but nothing came to replace eth, gpu miner need to sell as much they can for us miner began to profitable again

In my country is not the same,they were not stupid,they saw that the moment Eth went PoS for such heavily priced cards like Nvidia 4000 series they didn't bought any,they did not bought any of the Nvidia 3000 series also as their price is super cheap now and I am thinking of buying one more of such card for like 200 dollars the 3060 or 230 the 3060 ti,it adds value to me which I am mining for the long run despite at a loss at the moment.

No more high prices for the video cards for at least 2023 and maybe even 2024 as things do not look that positive right now for mining as they did in 2021,in fact I find it hard to believe it will become like 2021 before the year of the next bull run 2025.

fmz89

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Quote from: adaseb on January 16, 2023, 06:28:06 PM

Went to my local computer store for some parts. And right in front of the store they had a huge collection of returns and almost all of them were GPUs. Many were still sealed. They have a decent return policy and I am figuring out that these are mostly scalper returns.

Really surprised that they didn't just decline returns if someone is returning like 10x GPUs, which is clearly not for personal use but for scalping. Very surprised that people are still trying to scalp GPUs these days when ETH POS was months ago.

Cause rtx 4000 was disappointed so scalper began to accumulate rtx 3000 / rx 6000 series they stupidly cheap, for me buying 2nd more reasonable than any current deal at very moment, this heaven for gamer, miner still steady watching mining announcements, but nothing came to replace eth, gpu miner need to sell as much they can for us miner began to profitable again

JayDDee

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Quote from: adaseb on January 19, 2023, 12:32:26 AM

I think long time ago it was like that here in Canada. But there was some buyers remorse law passed and you are allowed to pretty much return anything. Only things you can’t return are stuff from the dollar store and a car, but everything in between you can.

It’s a good policy but some people just take advantage. People used to return 10 year old TVs to Costco for a full refund and they had to change their policy on electronics.

I remember back in the day a friend worked at a large department store that offered satisfaction guaranteed. He was amazed
how many dresses bought on Friday were returned Monday with sweat stains by "dissatisfied" customers.

Buyer's remorse laws ususally only apply to high pressure sales practices like telemarketing and door to door sales.
It can also apply to real estate and cars (lemon laws) in some cases.

adaseb

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Quote from: KiaKia on January 18, 2023, 12:13:15 PM

Strange, in my country you can't return any brand new GPU after making payment unless it's not working on the same day you purchased the GPU, once you open the box it's forever yours Grin

.

I have abandoned GPU mining lol, I never knew I could until I see how better Bitcoin mining is doing right now compare to GPU mining.

I think long time ago it was like that here in Canada. But there was some buyers remorse law passed and you are allowed to pretty much return anything. Only things you can’t return are stuff from the dollar store and a car, but everything in between you can.

It’s a good policy but some people just take advantage. People used to return 10 year old TVs to Costco for a full refund and they had to change their policy on electronics.

KiaKia

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Strange, in my country you can't return any brand new GPU after making payment unless it's not working on the same day you purchased the GPU, once you open the box it's forever yours Grin

.

I have abandoned GPU mining lol, I never knew I could until I see how better Bitcoin mining is doing right now compare to GPU mining.

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