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

[adaseb]

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.

[rdluffy]

In my country is not easy to return some products, but I know in US for example is pretty simple and most places you don't even have to explain the reason you are returning.
Were you able to see the models of GPUs? Most new gen cards like 4XXX series?

I'm surprised too because I didn't see any demand for GPUs right now, gamers are buying used cards from miners, and mid level GPUs, it's not easy to see people buying cards like 4080 like 3080 some months ago 
This store have to sell the return products with discount?

[UserU]

In my country is not easy to return some products, but I know in US for example is pretty simple and most places you don't even have to explain the reason you are returning.
Were you able to see the models of GPUs? Most new gen cards like 4XXX series?

I'm surprised too because I didn't see any demand for GPUs right now, gamers are buying used cards from miners, and mid level GPUs, it's not easy to see people buying cards like 4080 like 3080 some months ago 
This store have to sell the return products with discount?

4080 and 70 Tis, maybe. Don't get why NVIDIA could charge an arm and a leg and think they could get away with it.

[Bitcoin_Arena]

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.

Too much greed or even just FOMO, isn't it?

The same always happens to most noobs when trading. I guess karma is trying to pinch back on the greedy scalpers that made life top hard for us 

This store have to sell the return products with discount?

Should we say Black Friday prices will come in earlier than usual? Hahaha!

[TalkativeCoin]

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.

Interesting. In my country, it's max 14 days to return, and that's only if you buy online.

Do you have any backstory to this in terms of the timeframes that they were returned?

[Metroid]

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.

[batsonxl]

I wish i could see in my local store that gpus.....

[joniboini]

4080 and 70 Tis, maybe. Don't get why NVIDIA could charge an arm and a leg and think they could get away with it.

They have a huge market share and some buyers don't really care about the ripoff I guess. But they definitely took it a bit too far this time because almost all reviewers and your average joe refuse to recommend their GPU due to the insane pricing. Hopefully, AMD can be better next time, even though I feel like it might take a few years or that's too much copium too.

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.

I might be wrong but I recall seeing some posts/news about some stores refusing to accept returns/refund for GPUs. Can't find it anymore though. It is not really impossible if a store implements them though, especially if the buyer is suspicious.

[adaseb]

Yes they were all Nvidia 4xxx pretty much. Most were unopened.
This store has a deal where you can buy an open box for a slight discount,
So they are losing out if someone returns a bunch of these GPUs and they were opened.

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 had a brand new r9 280x sapphire GPU during Litecoin mining days and it went up in flames and I couldn’t RMA because they required original receipt and I had to be original owner.

[UserU]

They have a huge market share and some buyers don't really care about the ripoff I guess. But they definitely took it a bit too far this time because almost all reviewers and your average joe refuse to recommend their GPU due to the insane pricing. Hopefully, AMD can be better next time, even though I feel like it might take a few years or that's too much copium too.

Exactly, only 2 contenders (discounting recently-debuted Intel) over the decades. Plus the COVID situation that saw people buying even at sky-high prices. A lengthy two years.

Give them a few more years. Just like their CPU, Ryzen was finally a breakthrough. Nothing can reign the king forever with tech moving so fast these days.

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

[FP91G]

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

[swogerino]

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.

The 2023 despite being in red it has showed signs of slow recovery,not in mining but in Bitcoin price and if it recovers further I can say that for 150 Mhsh of mining ETHW+ZIL you break even or with small profit monthly if your energy price is 0.05 dollars or less,so things I think are improving quite a bit but of course a price of 30.000 for Bitcoin could see enough increase for all other cyptos that will permit us all to mine at a small profit maybe.

I know though that prices of GPU will start again to skyrocket,but not as much as 2021,that is history now and won't repeat itself for GPU prices no matter what.

[KiaKia]

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  .

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.

[adaseb]

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  .

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.

[JayDDee]

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.

[fmz89]

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

[swogerino]

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.

[FP91G]

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.

[TalkativeCoin]

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.

[rdluffy]

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.

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.

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.

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.