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Scathing report claims that "miners, speculators, and gougers" are responsible for the ongoing GPU shortage

Report claims that miners, scalpers, and gougers are the reason for the board shortage. (Source: Nvidia)
Report claims that miners, scalpers, and gougers are the reason for the board shortage. (Source: Nvidia)
A new report from Jon Peddie claims that the current GPU shortage is the result of rampant buying of cards by scalpers and miners, along with severe price gouging by retailers. The report also correlates the insane price hike with the rise of ETH mining.

A recent GPU analysis by Jon Peddie published in Graphic Speak has claimed that scalpers, miners, and retailers like Best Buy are to blame for the ongoing GPU shortage. He noted that as the price of Ethereum was going up during the pandemic, scalpers used bots to grab as many AIB cards as they could and later sold them for 2x or 3x of the MSRP. This incident, coinciding with the supply chain crash, resulted in the GPU shortage.

Per Jon, AIB prices went up dramatically between 2019 and 2020. Where the average selling price of a GPU from an AIB partner was US$400 in 2019, it almost reached US$700 in 2020.

The report also mentioned that the prices for gaming and mining boards have jumped up as much as 3x compared to laptop GPUs. In other words, the supply of chips was adequate since there were plenty of notebook chips to go around. Through this analysis, Jon concluded that it was the scalpers, miners, and price gougers who pushed the AIB market to where it is now.

Finally, Jon expressed hope that the prices will likely crash as gamers refuse to buy overpriced cards, and scalpers and retailers are left with inventory they can’t move.

Buy MSI Gaming AMD Radeon RX 6600 XT on Amazon

Average AIB selling prices over the years. (Source: Jon Peddie)
Average AIB selling prices over the years. (Source: Jon Peddie)
AIB prices for select GPUs. (Source: Jon Peddie)
AIB prices for select GPUs. (Source: Jon Peddie)
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2022 04 > Scathing report claims that "miners, speculators, and gougers" are responsible for the ongoing GPU shortage
Fawad Murtaza, 2022-04- 7 (Update: 2022-04- 7)