• Samsung, SK-Hynix, Micron sued for boosting RAM prices
    23 replies, posted
https://www.forbes.com/sites/davealtavilla/2018/04/27/class-action-suit-alleges-samsung-micron-and-hynix-colluded-on-dram-supply-causing-price-inflation/#382d762217ce
Hope they get a hefty sum of fines for this shit. DRAM stciks are still expensive as shit, paired with the jacked up prices of graphics cards because of fucking miners, recent months were horrible for upcoming PC builders and upgraders.
Months? More like past two years
GPU prices are also expected to significantly drop in the near future due to the general consumer not really being able to afford them anymore, combined with the fact that more and more miners are looking towards solutions dedicated to the purpose rather than GPU's
I meant especially last few months, but fair enough. They was always the option to stay a generation lower most of the time, but those looking for new ram sticks as part of new mobo platform with DDR4 or general graphics upgrade that wasn't too dated were really shafted.
I hope you're right about this
Well, I bought some RAM just this past Black Friday; 16GB worth of 3200MHz G.SKILL DDR4 and it came to $155. Is that actually high? Because I felt like I got a good deal, considering when I last bought RAM back in 2010, 6GB of basic Kingston DDR3 set me back $100.
You managed to get that heavily discounted, normally be looking at near double that price for that. To give you an idea that exact same memory you bought is currently retailing for £178~210 here which is between $245~289. Memory should in no way be this expensive, if you look back to the years before this price hiking was introduced, shit was double digits even for the top end stuff. Granted there's been a few supply issues (namely factory damage etc) since then but those would have only introduced a temporary price hike (for a year at least until production matches back up with demand), this shit however has been constant and consistent, they've been doing it on purpose to pull a larger profit.
He should be, now that ASIC miners for Ethereum-based coins exist. Just need Monero ASICs and then that's the majority of coins covered.
Monero hardforks for ASIC resistance and the ethereum ASIC kinda sucks. Eth is going PoS soon anyways. GN reported that an inside source told him that memory manufacturers were making so much money lately from raised prices, was about time something like this happened: https://www.youtube.com/watch?v=ePsBmCU8sww&t=0s
hoping they'll take it up the ass and hopefully RAM prices will lower a bit
The class actions suit is being filed on behalf of US consumers of smartphones and personal computing products during the years of 2016 and 2017. Heck yeah, I bought a new smartphone as well as new ram in 2017. I'm ready for the rebate.
I remember buying 2×4GB of DDR3 for something like 50€ 6 years ago. The manufacturing process has moved a couple nodes down since then, if it was business as usual you should be getting a lot more for the same money today. Instead it only got more expensive.
For perspective, I bought 8GB of fancy Ripjaws DDR4 for $34.99 in 2015
I remember when I first built a "high-end" gaming PC back in 2006 or there-bouts, the RAM was easily the cheapest part of the build (4GB of DDR2 IIRC, there wasn't much need for anything more than that back then), cheaper even than the case if memory serves. But even stranger is that even older RAM technologies are stupid expensive anymore, which sucks because I have some DDR-3 machines that could use a little more RAM...
I bought 16 GB of some TridentZ for $84 in 2016. Same set is $189 today. It's crazy.
Even if they get fined, I promise you it'll be less than what they made by doing this
And thats the reason why I wish this would turn into a global lawsuit, if the EU jumped in it'd be a right shitstorm for them.
I was planning on building a new rig by the end of this year so this is some pretty good timing
So this is why I had to pay out of my ass for RAM when it used to be one of the cheaper components just a few years ago.
They will but it won't change anything. Two of these fabs have been charged before to peepee fines, and AMD and nVidia have been spanked three times for price collusion. You won't get prices back to where they were and these companies don't feel an ounce of regret; quite the opposite.
I like how their input form asks for an individual product. Nah dude, here's 30 model numbers for you. Pay up.
I remember $35 8GB kits of DDR3, and I remember when they suddenly doubled in price. RAM has only creeped up in price since. I paid $100 for a kit of ddr4-2400 at Ryzen gen1 launch, that kit is $160 today. The 3600 kit I got (that only runs at 2933 even on gen2 ryzen) cost about $170-180 and is $250 now. I hope they get reamed tbh.
Fines for breaking laws like this should scale to the projected value of the profits made from breaking the law. If I waltz into someone's house and steal their tv, I don't get to keep the tv. When the losses are less than the gains it's a bribe not a punishment.
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