Cheap GTX1070Ti flooding Philippine stores mystery

Hardware GPU
1

hi just joined to post this interesting happening here in Philippines.

Some popular local computer storeS in Philippines selling GTX 1070ti at around 384$

i dunno why its very low but theres lots of storeS selling it now with just a specific brand.
its PALIT, all brand new, and with 3 years warranty

Palit GTX1070 8GB DUAL - 19,000 PHP ~ 355 USD
Palit GTX1070 8GB - 19,500 PHP ~ 364 USD
Palit GTX1070Ti 8GB DUAL - 20,500 PHP ~ 383 USD
Palit GTX1070Ti 8GB JETSTREAM - 21,500 PHP ~ 401 USD

1 USD = 53.51 PHP as of now

here is their facebook postings of different stores. sorry store pages arent popular here in PH.


www.facebook.com/pcconfigurecomputercent...sts/1561402333970507

can someone tell me why is this happening here in ASIA?

2

Crypto mining is slowing down

3

its just this specific brand. other brands are still @ 500$+

4

Perhaps related to this? https://www.extremetech.com/gaming/272173-nvidia-may-have-a-gpu-inventory-problem

5

I would expect either the Palit cards to go back up in price or the other brands to go down in price in the near future.

Palit could very well be pricing aggresively to capture more sales.

6

the store posted 2days ago they have 200pcs on stock.

today they said only less than 10pcs are left.

lots of waiting gamers and few miners bought it up

7

the have allegedly millions of GPUs in stock that need to be sold some way but 200 pieces seem way to few to help Nvidia get rid of them.