NVIDIA Shortage due to CRYPTO MINERS?? - WAN Show November 27 , 2020

Buy the ABCs of Gaming: www.lttstore.com/products/abcsofgaming

Because of Crypto Miners, I cant even upgrade my VGA. I hope the Crypto Bubble explodes soon lol.

Comcast did it before Amazon and for every time you turned it off they would turn it back on. I'm sure Amazon will do it the same way.

Wasn't expecting "Linus Parenting Tips" but as an expecting parent, I loved it!

Never "self publish" always create your own publishing house shell corporation.

I suspect Nvidia created a good chunk of the shortage by making side deals to sell their initial stock at inflated prices. They were in a bit of a bind; they needed a hot new product line because AMD was nipping at their heals, and they knew the cards needed to have an appealing MSRP for the same reason. But I also think they wanted to take full advantage of the unique market conditions at the time that might not come around again soon to maximize their profits, they just didn't want a PR black eye coming back to haunt them once things cooled down, especially with a viable competitor in the market for the first time in decades. So they sold hundreds of thousands of units, I'm guessing it might even have amounted to the bulk of their initial stock, in quiet side deals and prepared to let scalpers grab enough of what was left to give them cover. Then they threw up their hands and said 'me oh my, what could we possibly do?'. I've worked with Nvidia through my employer and the last thing I would ever accuse those people of is being idiots. If scalpers cleared out their shelves, it's because they let them. They weren't taken by surprise, there were rumblings weeks out that people were bringing bots to the party, and there are a ton of ways to stop bots if you are determined to keep them out. They could have engineered brand new novel versions of captchas that the bots couldn't easily solve or instituted delivery address checks enhanced with social networking analysis culled from public records to find addresses clustered geographically or socially linked (i.e. your friends and family members, something which others companies like Amazon have already implemented very effectively for when banned users attempt to make purchases using someone else's account). They could have required buyers to email or text a picture of themselves holding a sign with a random phrase written on it or stated that because of high demand and limited supply they were requiring product registration at purchase that would be non-transferable for one year. And so on, it's not a super hard problem. Scalpers all share common characteristics which is that they are a small number of individuals using tools to emulate larger groups so they can buy large quantities for quick resale. Find tests that are hard for the tools and/or that weaken their ability make money on a quick turnaround and you can root them out pretty effectively if you really want to. I guarantee you that Nvidia could have identified all of these methods and then some. No, if they were overwhelmed by bots I strongly suspect it was because they decided to let themselves be. My bet is that someday we'll find out they made hundreds of millions, maybe even billions, with a bunch of side deals like the palette sold to crypto miners, they just won't admit to any of the deals unless it breaks in the news first.

Understandable if you have proof, but tell me this, how is it all the crypto miners were able to get all the card and nobody else was..?

Inre the q u asked abt why? Miners can and will immediately monetize any efficiency gains relative to the current crypto market. But for the mass of gamers, the incredible high-end efficiency gains promised by the 30-series don't translate to immediate need/demand relative to gaming use cases, eg, few have the monitors that might pair with them, and the games that deploy the new tech effectively are non-existent, as seen in the sacrificial lamb called Cyberpunk. Gamers are all trickle-downers -- we're happy to shop for 1080Tis & 2060 Supers at the new lower prices provoked by the existence of the 30 series. Or just wait to get them in a year at even better prices. TLDR: Miners value GPU efficiency gains per se; gamers value them relative to the rest of their system & library, which will always be a relatively elastic demand. On the other hand, these new cards do slurp a lot of power. Maybe we should all just wait to fight over board-powered 3050Tis that do 4k 45 fps on med-hi settings.

Wanna talk about scalpers check the used market

"...go somewhere else?..." Yes, I'm going to wait on the 6900xt vice waiting for Nvidia. Benchmarks meet requirements for me. Bye bye Nvidia and their shady company. Pretty sure benchmarks released after this video so I agreed with Linus until the 6900xt results released.

I like the headphones because it means I can’t see his earrings

Uf...what if all this tensor cores, RT and DLSS crap is just great tech for mining, because it's surely is not great for actual RL gaming

Screw Vantablack... Get Black 3.0. Vantablack gets it's darkness from the black inside Anish Kapoor's soul.

Honestly... I just wanna see the return of screws... I'm so sick and tired of glued together devices.

58:50... Odd you say that, but two of the city's sub electrical grid divisions intersect along the two adjacent streets to one corner of my property, so _quite literally,_ if my power goes out, it'll be dark all the way down one street, but across the street to my west and to my north, they'll still be lit up! There's only one property west of me, and they are on the north grid , and the north grid is it's own circuit. XD

SO my purchase of a Asus TUF 3080 at the beginning of September is in a queue.. Currently at 150. Its dropped by about 110 since the start.. apart from one big drop it is averaging 1 card per business day.. So I expect my card sometime in July!

surely its simple. Make a limitited amount (seems to have hedged bets too, ps5 and xbox also) What is it about 96% of profits are in like the first week.. So release say the new GPU with only enough for the ones you've "coinsidentilly" promised people. Oh and a good marketing. Bitcoin went from like 9 to 16000 dollars during this second lockdown in UK. For the first time since its release its bbeen very easy to profit on trading coin. Alsp where as banks trickle the balance of promise and held wealth Bitcoin stops people being able to sell coin for so long every 25kjj transactions. This is the second one. It creates a forced suply and demand phenomina. as nobody istrading them for this period the currency gains about a 4ish% rise "Its exactly the same as the 1.6-3.4% intrest rate rises every year from the banks. Say you had access to say a million dollars in expendable weallth are you saying an instant 4% gain in "fully gaurenteed too. In a time where cryptos like elytrium is gaining a 200& value some days. Basically they knew that during lock down the miners have got bored and pulled out there rigs and created a movement to try and make cryptos worth a million each. Personally though i like using 10 amazon fire HD's. Damn the speed of the rise is for the first time coming in at less on the electric bill that ever before but having 10 tablets plugged into a 10 port 26v belkin charger with 3.6A per usb. Ofcource linus and his buddies ar well aware of this and are no doubt killing it in the amount they are making. Damn you this the Big dude just kinda wants to make an amd and nvidia card work together... Stuff like that and understanding drivers to the level he gets is serious time no lifing. Wouldnt it be funny is by putting android on a switch its one really powerfull elytrum miner but they just wanted to show off they can rather than having a proof of concept power effiecient mining rig which kinda eliminated the heat disipation as the screen turned off while mining. However im just someone who lived on the streets for 4 years and not done any of the things ive acuratly portrayed above. I make a living going through skips and bins though after a litteral year of living (not in a n elevator) ive got the internet and after the obvious first thing i did the next was seeing why silver is over 50p a gramm when the highest ive ever known it is 15p stirling. Sorry chatted loadsa shit here dunno why think its a boredom thing mixed in with being a little annoyed of the NVidia "banded together brothers in arms" "journalism buddies". Watched a couple like that and was catapulted to a time where my ineer thoughts sounded like "Like OH my god stomidy fucking lawnmowed his fucking xbox and now we have to completely tictoc out way to worshiping little fucking 11 year olds , all hail the musically while sticking things in my ass while playing games that were designed for these fucking tictoc lipsyncing cunts" Sorry mmmm misss leaft.... And runny windows on apple devices is really common play its a good was to circumnavigate activation locks on older IPads. Didnt realise microsoft was still selling windows activley. Ive somehow ended up with a pro key linked to my account :P Anyone Whos actually read this have become more messed up mentally through being alone during lockldown for that "killer" desiese where as many as 2/3rds of people dont have any symptoms which no matter what statistics are thrown at us male suicide still kills more people in less time than covid-19 has and is projected to kill. Also (sorry sensitive side of a sublect however...)... 6 years ago i had lung surgery in both lungs as they kepty on colapseing for no reason "spontanious pnemothorax" Which i havent spoke to a doctor because last time i went to a doctor i was having lung surgery and maybe a short stay in the nuthouse . Under the age of 24 the survival rate is well over 99% to even have a bad time from it. Unfortuantly though over 65 with basically anything wrong your erm... RESPECT to anyone over 65 truly. Now seems as we have been forceing each other to stay in because we been grassing each other up for going shops "too many times in a day and is more than daily exersise" acting like there covid laws. Infact ive read Britich newspapers news outlets on television the daily papers (which believe it or not the free paper at uk trainstations and on busses are still there. Even the media outlets of of the big "parranoid" security comunity are "locking down" and wiching people to "stay safe" exactly like the purge. Oh yea my point being im the wrong side of 30 so i want coronavirus 19 as young as possible. Even though the contageoun "virus" is one of the fastedt spreading microorganism ever! Its the commopn cold Aids is also a coronavirrus notice its all one word break it down COR'e' ON A VIRUS even the buzz word is broken down like a carvin number and te ellusive E numbers sending us all hyper in the late 90's early 00's . Anyone whos read this entirely then respect. Its the lonely ramblings of a man whos suffered mental health issues most of my life , Street homeless for 4 christmasses consecutively with a speed habbit and instaead of talking to myself and often lately becoming quite angry with myself and having some actually decent arguements :P and i think most of this has made sence though if conveyed by the 3 monkeys would be erm like listening to instructions from a dumb girl weeks away from her first birthday. MMMM yep english sarcasm lowest form of whit, though whit is in the highest forms of inteligence so what my look like a bit of brain dribbling out my ear and bad breath from verbal diahreah. Anyone actually sat through all this deserves this offer. Ive got a pretty solid buissness model with an impressive prjection of growth based on talking to some friends of mine (mmm friends theyre high up salvation army majors ive met from being homeless) Ive got a tight was to make a decent living for a team of people and im happy to give 50% interlectual propoerty while making a good living and doin an actual massive amount in a global comunity. trust me would be nice to put some kinda plan into action i just cant make code and this is a solid model which basically has backing from some good people who as an organization lost out on over a billion pounds of charity funded revenue during the first lockdown. Salvation army.

51:00 Some games I play on 15 fps ...

46:41 That is one thing that is illegal in Germany.

What if miners used AGP 128 MB gpu

I was lacking a skill as far that i has trouble to understand that round shape with the 2 short lines inside and the multiple small lines on the outside for a long time (like age ~8, ~2. class in germany) that looks nothing like the clock on the wall in our kitchen that i could read. Now i can read the analog clock, no problem.

55:39 thank you Linus

As a Canadian Honey has never worked for me. Why do you pump it and not to mention it fails in Canadian stores. I get it, your largest market is in the USA but please make a side note so we won't load it.

36:32 Jesus christ, who's arm is that? Thats jacked even for like, David, or idk

My son is 17 and I still can't get him to read just for the enjoyment of reading. Been trying for his whole life but video games is life for him. Even when I limit the crap out of them for him. Sucks.

#FUnVidia!!! :-(

jandersson@nvidia.com; bberraondo@nvidia.com Nvida PR. Protest emails. Don't embarrass the guys at hardware unboxed by being rude or crude.

The only reason all these companies care about sales in the US the most is because they have the highest global GDP where 70% of that is from consumers. In the US, companies get the highest valuations. Net for net, there is a lot to be said about doing business in the US - unless you're a small business owner during COVID

*anti-scalper idea #31:* big retailers share a backend with a list of hashed addresses that have already ordered n of the item, within a certain time period obviously getting them all to agree to that would be impossible, but still.. could work

The answer to

"miners not minors"

there should be a massdrop for GPUs.

and why is scalping not illegal? like can't we just make a new law saying you a private person can't legaly resell products for more than what they go for in stores. and put like a time limit like let's say 1year on gpu's so scalpers whould be facing serious punishment for trying to fuck over people like that. becaus att this point it should be illegal theres no reason to let people resell new stuff for above market value.

messi seems to know a lot about computers

I just love how youtubers think their main audience is from the us. ISslows default is us and usually nobody changes that settings. Even though I from Europe and even if I use youtube in another language i still count as a us citizen according to youtube

Not that I'd want to participate in something like this Amazon mesh network thing, but I am one of those where legitimately my neighbor and I are on different transformers, so multiple times one or the other of us has been without power while the other isn't. They used a bit of our fridge space one year that it lasted a long time.

44:39 Instead of A being for apple, _now_ A is for Apple.

That Alexa bullshit was only a matter of time. That's what you get for willingly buying spyware, it's the next level of the user becoming the product. At least with services like Google you don't pay money but with things like Alexa you paid money to get a device in your house for a billion dollar company to do anything they want.

"Scan your passport to buy things!" The surveillance state: Write that down, write that down!

Pssstttt... you can game *and* mine crypto, guys Just not at the same time

linus now owns badcondoms.com it goes to lttstore.com this is amazing.

Replying to Luke who asked regarding Australian shipments of 30 series cards, I work in the industry and from everyone I've spoken with and seen myself through my suppliers there are very few cards in anyones hands here.

3d Printng on diy 3d printer. I put dual z axis and few upgrades bracing and tensioners Printing mini catapults for my kids class for a Christmas gift to hand out i need 20 of them. Fun long night and wan show. Linus I need a new machine I am on an old ass i5 with a gtx1650ti. I do have a couple of ssd hard drives so I boot in 20 seconds but still need an upgrade. Buy the way you should hire me to work for you I have a ton of useful skills for your company LMG. So I need a new machine and a new job. How about it Linus. Who am I kidding, you will not even see this.

Giraffe-ics Interchange Format, lol

ABC of gaming and "A" cannot be for Apple , That sounds about right.

So, nvidia sells graphics cards to miners and then scalpers buy the cards that actually goes to retail. Leaving customers that either want an upgrade, or replace a broken part (me atm) on the waiting list

Companies buy pallets of gpus all the time. Doesn’t matter what the company uses them for

Intel doing something wrong. Linus: please stop Apple doing something wrong Linus: AS(s) is just bullshit and Apple is super bad for showing incorrect slides.

The trick is, miners are out for a profit. Gamers are more inclined to pay a higher price for a GPU with limited availability.

Perhaps the user should be able to choose between battery life and performance.

The squealing window frustratingly escape because goal architecturally pedal minus a spooky sleep. obtainable, halting drug

Even if they used passports for "one item per customer" there are plenty of poor people in the world that will let you borrow their identity for a small amount.

31:04 so this is just the first dead end you've come across Welcome to late-stage capitalism

I tried to go to badcondoms.com ... it redirects to ltt now...

When there's a way to exploit a situation there will always be morally bankrupt people who will do anything to take advantage of it.

Stadia worked really well and I so wanted to keep using it. Issue was, worse prices and less games. That's why nvidia GeForce Now is such a good idea. Similar technology, not quite as stable, but your games. It was also the one that made the idea really popular and I think is responsible for a lot of what we see. Also just bought an ABCs book

I really like the picture book. Children are being introduced to tech much earlier for STEM, so something that preschoolers can read alongside their parents is quite fun.

I won’t lie, hearing about the book made me want to buy it less, especially the “L” one. Kids these days are playing mobile games with micro transactions. If they want better loot, they’ll just have to buy it.

In Hungary a 3090 costs around 3,1k $ :(

No one: Luke 0.00 seconds into the live stream: "Stupid."

51:38 I know I'm a week late, but you missed the chance to say "T is for Tech Tip"

Did he really make a power thirst parody? Wow

Linus can I have a tech tip?

Sooo. someone grabbed badcondoms.com and redirected it to lttstore.com..... oh dear?!

People should be thankful the cards are in this high of demand. The more money nvidia rakes in and the more power the customers want the better. They will rush to meet the demand.

Honestly, I think for like the first couple months of a product launch companies should limit the purchasing amount per credit card, not by account, or transaction. Scalpers can easily just make dozens of accounts, but it's much harder to get dozens of cards. They could also use a que system like evga is using.

Try selling the kids book to MicroCenter! Every time I go there, they have a LTT video (or WAN show) playing on the TV by the PC components section.

fun fact : linus bought bad condoms (dot) com, it now redirects you to LTT store. nice !

1:15:14 can we talk bout the fact that Linus has a censor key so he can swear? xD

The little US Pint is 473ml (16oz), A proper UK Pint is 568ml (Imperial Pint - 19.21oz), and yes we drink Pints of beer

01:04:40 and 50% of them would still buy an iPhone 12 where you can’t exchange any parts xD

"Oh well..." And that's how capitalism eats our souls and burns up the planet.

1:11:42 isslows.info/life/qLiOmJvFdG7PutQ/v-deo.html ( at the 2:48 mark )

iirc philip defranco has a theater room and black 2.0 is almost as good as vantablack

Well. Lets see. Great Reset program we in now pushed by world economic forum. Getting rid of cash. Rise of crypto currency and cashless society agenda push. Crypto replacing debit cards and cash. It makes sense they preparing mining for crypto.

10:00 Or miners are willing to pay more than retail for the card given potential profit or performance of the card. Nvidia probably wouldn't want to sell the entire supply to miners either. During the rx 570 shortage, even at $400/2x market a card it was well worth purchasing. 13:00 AMD dominated because rx 570/580 was wayyyyy better at mining ETH. That's no longer the case for the most part.

@59:10 the neighbor behind my house is on a different part of the grid than me. It happens all the time that one of us will have power but not the other. We have a crappy power grid and lose power during thunderstorms a lot.

You forgot Windows Phone, which could have thrived if their app process wasn't a pile of shit coded in Silverlight.

The issue I have with the new 30 series GPUs, is that the “affordable” part has completely gone out the window. The price hike on these now is ridiculous and has priced so many people out of a 3080, even if they could get one. In the UK the 3080 went from £580 up to over £760 and it’s climbing.

PoW is dead tho. Its all about PoS

In all honesty what Manufacturers and vendors need to do is allow for backorders.. it would stop scalper's business in their tracks or kill the practice.. Also charge steep restocking fees for these types of high demand items, so scalpers lose out if they attempt to return their stock when they struggle to sell them (normal buyers wouldn't be attempting to return the product, except defects which would waive the restocking fee but exchange only). Even if customers couldn't get their hands on in-stock items, most would be more than happy to pay to reserve/backorder the product direct from the manufacturer/vendor rather than being forced to end up seeking out scalpers due to it being "sold out" with zero option to backorder direct from a trusted vendor or manufacturer. I don't know how you didn't think of this as a solution without having to think of "big brother" methods. Lastly another simple thing that vendors can do is block VPNs, do not allow orders to be placed through a vpn, only allow orders one per IP address, and only allow one order per household.. so even if a scalper uses multiple credit cards or accounts or whatever way to attempt to circumvent the one order per customer, these scalpers will likely be attempting to ship the items to the same address and ordering from the same IP address, so by blocking addresses that have already ordered along with only allowing one order per IP, will at least help to reduce most non-sophisticated individual average joe scalpers.

I have been holding stock for 5 year now and making $35,000 but I earned $15,000 trading bitcoin a week. 🤔 This is the time we all need to look at bitcoin

I feared a covid baby boom. But I recently saw an article that the opposite is true. But internet law or something, post something the opposite of what you want, and what you (the gov) wants becomes true.

How do you tell how many friends you have? If you can still connect to the service, you have at least 1

Just to add something valuable here... I remember when 20xx series were launched... higher prices, unavability for first 3 months... I have managed to get one 2070 for “high price”. Couple of months later, NVidia has released “super” versions, and those versions were cheaper comparing to price I paid.... This time, seriously, all should relax and wait. 4-6 months won’t make big difference, and you would be able to get something in reasonable price... As well, don’t pay extra to become beta tester of new cards...

Of course badcondoms.com redirects to lttstore.com

limit 1 per shipping and billing address.

Why didn’t they do F to pay respects

Z

2016 was the best year to stop posting or checking facebook.

I am buying 1 for my Little Brothers Kid XD

These companies don't care who purchases their product or the amounts they purchase at once. Especially with the every 2 year upgrade path folks take today. Linus, always pimpin' product lol. Had to FF all that.

Microsoft Pluton is your hardware DRM to prove who you are. Otherwise just do like Microcenter for the last 2 months with an actual physical line out front just for selling graphics cards.

Badcondoms.com now redirects to lttstore.com

Would Sidewalk still use bandwidth if access control was on?

Dude my work laptop is a gaming laptop, as soon i go on battery both CPU and GPU throttles down HARD! and its Intel and Nvidia RTX, så Intel can just shut their f-ing hole. and it is a LENOVO!!

2025 HEADLINE: Brick and Mortar stores replace all online stores THANKS TO SCUMBAG SCALPERS

Why wouldn't you just buy an ASIC if you were mining crypto, sigh.

Wow. The text in the intro is much better when I can read it🤣

RX 6000 isn't bought by miners, because it sucks for mining same for 3090 and 3070, and 3080 not all that amazing either, 98% of miners still buys 5600xt, 5700, 5700xt and such...