Scalpers have made $15.2m profit on Nvidia’s RTX 3000 cards

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Graphics card stock has been in disarray for over half a year with no sign of stabilising any time soon. Both Nvidia and AMD state that they are unable to keep up with the unusually high demand, but even when stock does reach stores, scalper bots are at the ready to buy out the best graphics cards and resell them on sites like eBay and StockX for inflated prices. As you can imagine, it’s been hugely profitable for those that swipe up the supply, making as much as $15.2 million.

Data engineer Michael Driscoll has been monitoring the situation closely, with his report (via PCMag) highlighting some pretty crazy statistics.As we’d gathered by looking at Amazon listings every day, it’s not just the RTX 3000 series being hunted by scalpers, as previous generation cards haven’t been safe either. In fact, all Nvidia generations going back to the 900 series have been selling for more than 33-100% of their prices before the RTX 3080 launched back in September 2020.

Across eBay and StockX, there’s been a total of $61.5m resales of Ampere cards, and it’s not just the scalpers that are benefiting; Driscoll calculated that eBay, Paypal, and StockX combined made $6.8m in sellers fees attached to scalper listings.

Driscoll calculated that the median prices of Ampere cards over time shows no sign of inflated prices dropping any time soon, and with both AMD and Nvidia suggesting stock will continue to be an issue for a few months, that seems likely.



The RTX 3080 by far made the biggest profit for scalpers, with $6.3m made for scalpers, and being sold for an average price near double its MSRP; $1300, compared to the release price of $699.

So we really wouldn’t recommend blowing money on these scalper prices. If you can hold out with your rusty old GPU for a few more months, you’ll be able to get a much better deal. Or you could have your F5 button at the ready for the launch of the RTX 3060 next month…



Posted:
Related Forum: PC Gaming Forum

Source: https://www.pcgamesn.com/nvidia/scalper-profit

Comments

"Scalpers have made $15.2m profit on Nvidia’s RTX 3000 cards" :: Login/Create an Account :: 5 comments

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tO0tPosted:

xblindmanxx Good on them if people will pay there is no issue I had no problem getting one for myself. at retail price


You're one of few. Not good for them, not everyone has all day to hit refresh on a webpage. the majority of those who did Try for one didn't get them because they were bought out by bots. Scalping is a problem.



Donald_Trump I made 1,500$ of that $15.2 million lmao


Shame.

xblindmanxxPosted:

Good on them if people will pay there is no issue I had no problem getting one for myself. at retail price

Donald_TrumpPosted:

I made 1,500$ of that $15.2 million lmao

tO0tPosted:

LGW Scalpers are half the problem, it's the ones who pay the stupidly inflated prices that are the real idiots and encourage it.


Yeah scalpers have been the scum of the earth since all these new pieces of tech have come out. Idk how someone can justify buying a new console at the prices they are selling them. The 3070 has been on my radar for some time now but there's no way in hell I'm paying $1200 for a $600 card.

LGWPosted:

Scalpers are half the problem, it's the ones who pay the stupidly inflated prices that are the real idiots and encourage it.


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