John Carmack has proposed an auction system for popular gaming products such as GPUs, PS5 and Xbox Series X. Carmack, co-founder of ID software, believes that “we really wanted a transparent auction system directly from the manufacturers and a more efficient market. ”
This type of auction system can be used to beat scalps, who will not be willing to pay inflated prices on highly valued new products. “There would be a lot of indignation over reported prices outside the gate, but the removal of intermediaries would ultimately be better for consumers,” Carmack said on Twitter.
Due to a global chip shortage and incredible demand, the true price of a PS5 was more than $ 1
Nvidia is even bringing back its old RTX 2060 and GTX 1050 Ti GPUs to tackle this global chip shortage. The supply situation also seems to last for several months. Microsoft has warned that the Xbox Series X will be in short supply by June, and Nvidia says supplies will be meager until at least May.
Supply constraints are obviously an issue, but Nvidia revealed last month that $ 499 and up RTX 30 series GPUs have sold almost twice as much as the RTX 20 series did after the same time. Many are obviously trying to upgrade their PCs, and even the PS5 has sold as well as the PS4 did during the launch period despite the supply constraints.
An auction system can cut out the scalps trying to profit from this supply and demand cycle, but unless all manufacturers participate, it is unlikely to have a significant impact. We have seen many attempts to stop scalpers, including retailers with their own queuing systems, or by packing these new GPUs and consoles with more products.
All the latest AMD and Nvidia graphics cards can still be found at inflated prices on eBay, and surcharges on graphics cards imported from China have also bumped up prices in the US.
Nvidia is even trying to meet the demand for the upcoming $ 329 RTX 3060 graphics card by making it less appealing to Ethereum miners. The drivers you need for the RTX 3060 to work will reduce the hash speed of Ethereum mining by around 50 percent, to make the cards more focused on gaming.
Carmack is not a fan of Nvidia’s latest approach. “What a terrible engineering task to give someone – find out when we’re used to this thing we’re pretty good at, and break it,” Carmack said on Twitter.