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This week in my area the Craiglist is flooded with nothing but RX 470/480/570/580 and GTX 1060/1070/1080 GPUs for sale.

Unlike last month, these GPUs are being offered at retail MSRP price at least.

There are probably a dozen or so sellers and they keep deleting the ad and reposting it every 2-3 hours or so to get back on the top.

Most of the ads provide fake info like, daily profits of June and not the current realistic profits. Don't think that's right to trick people.


https://i.imgur.com/dEIVS.jpg

Same on local websites in Belgium:
Increase in GPUs, increase in mining rigs... and yeah, the rigs all have "old" information on ROI/earnings.

Not too many listings where I live yet.


Well that's a start I guess. I wouldn't get too excited until I see a bunch of listings for at least 50% off of (normal) retail pricing, which they should be anyway considering most if it is going to be heavily abused mining gear.

Not much out here, maybe my town missed the mining gold rush.

The ones that are listed are priced at $400, pff get real people.

not a single card on craigslist here.

There is some rx 480 / 580 card on craigslist , ebay , amazon ... but the price is still double or triple of the Manufacturer's Suggested Retail Price :)

I'm sure the pent up demand by gamers and those buying for school starting in August/Sept will be picking up some of those unwanted cards.

Once that backlog clears then you can expect to see cards for sale, especially in high electricity rate areas.

None here.

I'd buy every 1080 / 1080 TI there was...

One card on my local craigslist...

Now that mining profitability is low, now is a good time to buy eth.

I scan daily for such things and have not seen it, may be just your area

No Craigslist where I live, but there are definitely many ads from people selling GPUs in many hardware-related boards.
The prices are also almost always twice as much as the MSRP.

Well, no Craiglist here too, but still not enough ads of GPUs in second-hand sale websites. I guess with coming time, we're bound to see a lot of GPU ads and well people with serious outlook in mining will still pick it up at a much lesser price.

here people on craigslist still want 400+, ive got two rigs running i really think its best just keep it running it really just depends on where you think things will be in the future

Profitability at 29 mh/s eth is now at $0.80 per card, per day, for most countries, I wonder if the profitability will crash to negative this time hehe, soon eth will have a 30 seconds block time, that will probably take profitability to $0.10 per card, per day, soon the greatest GPU depression will start hehe

That's still a ROI of 10 months for cards bought at $250, which is about what can normally be expected. Profitability going forward for the next couple of months is going to depend on if the market can recover from the BTC BIP 148 fork controversy. The latest ETH dev meeting on Friday confirmed they have no plans to address the the increase in block times and difficulty due to the programmed ICE AGE before the Metropolis release later this year and are also planning to REDUCE the block rewards before then as well. This means at the current price, ETH will no longer be profitable to mine for most people by the end of August.

https://www.youtube.com/watch?v=hRQg_lHEKl4&t=2520s

I was hoping to see cheap GPUs popup, but they are all still expensive.

Makes me sick that a lot of sellers are still promoting these GPUs as very profitable atm. I'm doing max 3 euro per day with my 1080 Ti!  :-[

lol i raised the price on mygpus on ebay i had 10 rx 480 8gb for 390 , had a buyer lined up said
fuck it cancelled the deal raised my price to 430 plus shipping, with ebay fees you have to sell at 20 percent
over to get your real price

You man have many staff but you want to sell this?

Your calculation is based on gpu only, system is expensive, you need to put the system cost too, motherboard around $150, psu around $200, ssd around $80, cpu around $40, memory 8GB around $80, total system cost without gpu around $550 and that is average price of a system, most countries you pay 50% more on the $550 value. Which means $800 without any gpu, now you place 5 gpus which is also standard per motherboard, your roi is not 5 gpus, is 8 gpus cause of the system cost, $800 is 3 gpus based on your $250. So total to roi is $2000 plus electricity is around $0.20, now let's see,  profit per day is $3.40, $2000 divided per $3.40 = 590 days to roi, that is almost 2 years.

Its very dry here in Sweden atleast.

Hah, I noticed a flood too. Secondhand prices sometimes still higher than retail, even though they are new in stock now.

Here in Romania the prices are still very high but i see many rigs on sale which indicates the big miners are slowly getting rid of their machines. I will sell my old HD 7970 rigs as soon as possible even though it is still profitable to mine some coins...after Ethereum will switch to POS we will se RX 480/580 for 50 bucks lol .

its gameover trolls hehe

It's kinda expected for newcomers to just dump when they see that they are not making as much as they expected. Unfortunately not many of them in my country selling atm. (I would buy now for example :) )

That would be an interesting price development. I think there will be other ways I could profit from compute power one way or another.

We'll it stil early.

We are still more profitable today than we were at the beginning of the year.

thats bc these fools paid double the price of what gpus were worth, they cant sell at retail unless they want to lose alot

fudruckers .

central nj has 11 cards 7 1070's 4 1080 's

all overpriced and not a single 1080ti.

the op is a years long debbie down poster with hundreds of downbeat posts over the years.  he always is calling for bear markets and downer news.

Op take a month off please.  I am tired of reading all your doom and gloom posts.

The rally is coming early sept.  and if you think the one in april may and june was good wait till you all see zec at 500  thats right 500 I said it here.

the 1080 ti will rule for months to come   well into 2018.

BTW it is BTC that has crashed here 3000 to 1900 is a big ass crash.  Dead weight dinosaur  and the developers are rocking the boat due to alt coin envy.

You're way overbuilding the base rig...

100 for a mobo
130 for a psu
30 for a usb stick
50 for a cpu
10 for 1 riser
50 for ram


360 for a 4 card build

the build will last 3 gpu upgrades about 3 years if you do not overclock like made.

360 + 1600 for 4 1070's = 1960 for about 1700 sols  that gives about 8 dollars  power at 10 cents is 1.20 so 6.80 net  x 300 days = 2040 so 10 months or so

You are in the USA. Those prices I stated are worldwide, usually is 50% more expensive, sometimes 100% - 150%. Electricity price worldwide is $0.20.

Wise as usual Phillip.  I wish I'd bought in with 1080tis like you did, miss seeing them for <$700.  Missed some good deals but at the time 1070s and 4/580s were available and still seemed like the sweet spot.  I've sold one of my first 480 rigs off to buy a few 1080tis now.  Hope there's some decent sales/rebates on them in the near future.

I figure if anything will have a decent resale price after the next ice age it'll be the tis.

you can still find founders editions at like 669 before tax ,

We were able to pick up a few 1080 Ti GPUs for $620-630 a couple months back, now it's difficult to find any for less then $700. Thankfully, we're almost finalized with what we wanted to do this summer, so we should be fine as is until either good sales happen again, or profitability bounces back up big time.

i wasnt sold on TI's but i did buy 10 of them when 107s were clsoe to 500, i figured why buy a 1070 for 500 when i can get a ti for 670

man , these things are monsters , Zcash at 700 heck 750 with good cooling which i dont have , currently they are doing 22 mhs each on that new pumped coin

basically a 470 or 480 can do 6 mhs at max at 150 watts

If i could source good 4000 watt PSU's id be buying more 1080 tis , but I just cant find a way to power more than 3-5 on one rig withoute the server PSU's and PICOs

at 200 watt a card  or min 150 if in under power them thats over 1200 watt , so 1300 watt total system ore more

That is the price in the US. In Europe or China, the price is 50% higher at least.

May I know which pumped coin are you referring to?

You do have to admit his threads/posts are entertaining if not anything else lol...


Yeah Marvell1 I moved off desktop PC's to server PSUs to power my 1080Ti rigs. A DPS-2000 works like a charm and I just grab the PICOs from Deepinthemines and breakout boards from Optimizer. No complaints here with my setup other than having to either buy the new risers with 6pin power to replace my SATA ones or sidehacks setup to power the SATA risers off the server PSUs...

If you want to go cheap with Picos you can buy them from Aliexpress for cheap as well. I buy bulk from an Aliexpress and it works fine.

Well I hope I am wrong and I hope your a right.

But we both were mining thru 2015 and we know what a brutal mining year that was. With virtually no good GPU minable coins and only good miner was the overpriced Antminer S5.

chain coin , been quite profitable last few days

Ill check with optimizer and on ali express then, still need to source the 2000 watt psus, do you have a link to optimizers thread?  Ive used finsky in the past but he is constantly backlogged lately

In the Netherlands there aren't much offers on the second hand market, however there are a lot of requests which state "sell your GPU now, ETH is going to crash". In those requests they offer about 50% of the current GPU value to buy in bulkd. They even made really cheap looking images to convince the Dutch miners  ::)

I think we should consider that it is not just the BTC which drives down prices, but also the fact that it's summer and some people get nervous with outstanding balances during their holiday. The saying in stock market is "sell in May and go away", guess that goes for crypto's too!

I'll continue mining and just wait for the crypto value to get back to it's former level, which I guess will be in August or September.

Loads of cards popping up now in Belgium. All low-end cheaper cards.
"Never used for mining, just gaming". Right.  ;D

Yeah I am seeing that in my ads also.

Basically if you put "never used for mining" then most likely you know what mining is and most likely did use it for mining.

If you got no clue what mining is, you most likely didn't use it for mining.

$33.50 for brand new MSI Gaming X RX 580 8GB:
http://www.ebay.com/itm/MSI-Radeon-RX-580-DirectX-12-RX-580-GAMING-X-8G-8GB-256-Bit-GDDR5-ETHEREUM-MINER-/322596953925?hash=item4b1c46df45:g:b88AAOSwmoBZbHwD

Looks like an anomaly due partly to some noob ending their auction after 2am with no min bid.  Live and learn. lol

Same item sold for $499 yesterday:
http://www.ebay.com/itm/MSI-Video-Card-RX-580-GAMING-X-8G-8GB-GDDR5-256Bit-PCI-Express-DL-DVI-D-HDMI-/222574172803?epid=781800439&hash=item33d2745a83:g:g70AAOSwjHdZYBU3

Locally, Craig's List doesn't have much except for one guy selling for $400.

fully correct. ;D lots of cards popping up in Austria too (willhaben at) the prices are now ~100€ less as previous week.

Yeah in last 5 days there are more than 300 mining rigs for sale  while 2 weeks ago there were only few adds for few rx cards.Btw about 90% rigs for sale are amd

keep dreaming lol, prices are going back on on cryptos , so good luck with that

In my country same amounts of used rig/gpus are being sold compared to few weeks ago

Lots of green in prices today.  Flux seems to occur mostly over the weekends now with bull runs from late mondays thru thursdays the past few weeks.  There's still plenty of profitability in mining left for AT LEAST a few more months.  I suspect early fall will be the real crunch time for GPUs.  What we're seeing right now are newbies getting scared and a handful of people who achieved 100% ROI recouping max back from their cards before the true shift.

AMD cards will be abundant very soon as a result but mid-high end nvidia cards will likely hold up well due to their broader utility and better gaming performance. 

Well, this is how capitalism works, you sink or swim, there is hardly ever a free lunch out there, and if there is one it will be eaten before you can grab some. LOL

It's still profitable to mine with AMD if you work a little harder at it, and that was before Eth shot back up to $230 today. If we could get $450 for a used Rx 470 like you could a month or two ago we'd probably sell them, but since they're paid for in full we're more then happy to keep mining with them.

The only GPU ad on my local craigslist for a card that's mining-capable for the last MONTH was for a bunch of R9 390x - and the poster never answered their phone OR emails.

 (EDIT) Oops, someone posted a RX 580 at $450 this afternoon.

 Not betting they'll get it though, I'm pretty sure it was same Powercolor model Newegg currently lists for $369 or some such.

you saw that funny guy with 8 x RX 570 Nitro OC + Spahire cards who wants € 5480,-- for his rig?  ;D ;D ;D
thats just ~ twice what the components would have cost him most likely  ;D

If it is too good to be true.. It's usually too good to be true, right?

What do you guys think?



http://www.benl.ebay.be/itm/GIGABYTE-GeForce-GTX-1050-Ti-DirectX-12-GV-N105TD5-4GD-4GB-128-Bit-GDDR5-PCI-Exp/222587727184?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

http://www.benl.ebay.be/itm/GIGABYTE-GeForce-GTX-1050-Ti-DirectX-12-GV-N105TD5-4GD-4GB-128-Bit-GDDR5-PCI-Exp/222587729247?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

http://www.benl.ebay.be/itm/GIGABYTE-GeForce-GTX-1050-Ti-DirectX-12-GV-N105TD5-4GD-4GB-128-Bit-GDDR5-PCI-Exp/222587730817?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2749.l2649

http://www.benl.ebay.be/itm/ASUS-970-PRO-GAMING-AURA-AMD-AM3-970-ATX-MB-Free-Shipping-USA-NEW/222587695811?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m2748.l2649

around me I noticed a lot more AMD gpu's up for sale...but all at crazy prices still.  there still arent many to be bought on newegg or other websites so....yeah.  I dont know whos buying those cards...

Before the surge, rx 580 4GB was around $230 where I live, after the surge the same rx 580 4GB is now selling for $365, That is almost 50% increase. Insane.

I still do not see the price drop.

Yap, no price drop here either.
And no flooding of cards on 2nd hand markets.
People still mining strong i guess.

Maybe the recent market collapse will change this if it goes low enough.

There is no price drop as of yet, at least compared to normal (meaning no or low miner demand). Also, you could buy the MSI Armor RX580 8GB version for under $230 before the price surge. I believe the 4GB version of the same card could be found for $199 back then, so current prices are closer to a 83% premium even now if they are selling for $365.

Pricing has dropped SOME from where it got to at it's peak - but still quite a bit on the high side for any RX 470/480/570/580 card and availability is STILL very sparse and spotty.

 On the Nvidia side, even the GTX 1070 is finally getting back down to CLOSE to pre-surge pricing though availability is still somewhat spotty.

 STILL not seeing anything resembling a "flood" of cards on my local Craigslist - been *2* current-production cards advertised at all as stand-alone and 3-4 systems with "current" cards in the last month.

 Since I live in the Cryptocoin Capitol of the USA, that seems like a pretty strong indicator....

nope, i'm still seeing crazy prices...I wonder, do they even sell some at that price ???  If you try hard you can buy on newegg for 300 to 375$ for a 570 4g to a 580 8g. (cad)  They sell 400 to 500.  I see posts like 70 brand new 570 4g for 500 each fixed price.  I cant stop laughing...surely no one buy a 570 4g for that price ?  that would be insane.  Especially when you can get a 1070 for lets say 550-600, and that with a markup.  The flood will only come after profitability is dead for some time.  they know lowering prices will start the avalanche, when it comes.

Well, the high price points are starting to ever-so-slightly crack. I do now see a MSI Armor RX580 4 GB "on sale" (lol) at NewEgg for $289 (limit one).

We do have a long way to go as even with the recent plunge in difficulty as I still see many posts along the lines of "just have patience and wait it out a bit and profits will come roaring back". I think too many people are expecting a miracle recovery yet and will continue to overpay (just not quite as much) on hardware in anticipation of this.

The way I see it is we will need a solid month or two of downturn before any real ground starts to give way. Once people realize that the $300 they just spent on a new GPU is going to take 3 years (if ever) to ROI and they are giving almost all of their profits to the utility company in the meantime, will we start to see people quit mining and a real price reduction occur. But the way things look right now, even if the prices were to return to normal, it might be best to wait a bit to buy a lot of new hardware.

Of course everything I just wrote could turn out to be wrong if ETH shoots up past $1,000, and/or BTC shoots past $10,000 in the next month or two. In that case mine on...

The inflated prices of gpu's will continue for a month or so however once the flooding of gpu's start then suicides will follow hehe

Are we going to hold hands when we jump off the bridge together?

I hope so, Metroid.  ;)

hehe, I guess if you are a miner then you go alone cause i'm not  aminer however if bitcoin continues to crash then is going to be my time to jump off the bridge hehe

I'm gonna need someone else to help me carry all of these rigs with us to the bridge.

 ;D

Well I can help you with that hehe

Thank you sir!   :P

What should a 290x go for in your opinion?

I would think that January, after the holidays, with everyone spent out and the further intro of new vega models (nano), the demand for GPU's would be low.

 Ballpark $150-200, but won't see them THAT low 'till ETH profitability drops quite a bit more.

 ;)

oh what a difference a few months makes in the crypto world lol!  Now, instead of CL being flooded with cheap GPUs, you can't find a decent mining GPU anywhere for less than 2-3x retail (including used ones) and CL has about 3-4x the number of "buying GPUs" ads than it does for those selling them... and the latter being at huge markups.

1 ad made me laugh... the guy was "generously" offering to pay "extra" for several models... like $600 for a 1080ti or Vega 56/64.  yeah... thanks for the offer man but i think i will sell mine for $400-$500 more than your "generous offer" on ebay lol.  Crazy kids ;-)

Not much going on with my local CL ... Just one stupid fucker trying to sell a gently used 1080ti for $1500.  Yeah fucking right ... Lol ... I paid $800 each for six of them two weeks ago.  DUMBASS MOTHER FUCKERS WHO THINK THEY CAN PRICE FUCK.  Nope!~  I mean, the idiot only had one ... Who the fuck just wants to buy one?

I see plenty of people trying to buy up recent high-end cards at ridiculously low prices, even if we didn't consider the mining craze. (E.g. $500 for a 1080ti, $350 for a Vega 56/64, $165 for RX580/570/480/470, etc.)

I wouldn't buy graphics cards, or most components, over Craigslist. I might miss out on some deals, but there's probably plenty of scams. Lugging a test system, even just a mini-ITX box with a monitor, to a public place is too much of a pain, and one person going to the other's home or commercial mining hideout is unlikely.

I guess that dumbass was slightly "WRONG" :) His mommy probably bought him a new puter or something.  Metroid is the equiv of tia lopez, with a more whiney voice, and the opposite opinion.

I am willing to sell some of these


https://www.amazon.com/gp/offer-listing/B076X89CWV/ref=sr_1_1_olp?ie=UTF8&qid=1516420705&sr=8-1&keywords=evga+1070+ti+hybrid&condition=new


https://www.evga.com/products/product.aspx?pn=08G-P4-5678-KR

at close to retail 

615 for 1
1200 for 2

 slightly used  with 33 months of the  3 year  warranty that transfers

btc or ltc

I figure I paid 590 mined since nov earned 1 to 4 bucks a day for 75 days  so say 150-165 profit if I sell  1

and about 300 profit if I sell 2

In my areas there are basically 2 types of ads.


SELLING RX 470 4GB GPU FOR $500 FIRM

or

BUYING RX 470 4GB GPU FOR $100 CASH

and reality is  275 - 325  is a decent price

100 is moron low

and 500 is moron high



This is why when I have excess gpus and prices are high  I mark up for  a small profit.

I have no need to sell until May (heat and power cost both go up)
So I can mine  for about 100 days  before there is an issue.
Or a person that sees the math the way I see can buy from me now and mine  until cards come back out.

Cards will be short until the spring.

Here in NE Florida there were 3 cards listed this morning. Nothing worth checking out.

Sound like California. I can see a buying ad where he is offering $300 for 1080Ti, $225 for 1080, $175 for 1070.  Considering how the people vote around here I'm sure he was able to acquire some cards at those prices. He might also be laying in a ditch somewhere lol.

No local ads at all, only one in the "area" - guy selling a pair of 1070s that he says got upgraded to 1080 ti cards in "family systems".

Been pretty empty all along though, but this area tends to eat all the cards it can find for some odd reason...
 9-)

Seems like the appropriate time to bump this thread.

In my area it's flooded with GPUs mostly the expensive Vega and 1080 and it seems priced at MSRP. By MSRP I mean the same as the retail stores are charging so 50% more than original MSRP.

Not too many RX cards however.

I just checked my local Kijiji and I see many overpriced 1070's and 1070 Ti's , some decently priced 570 and 580 8GB and a dude who just listed three mining rigs for sale for a very attractive price

There are a lot of 1070/1080's popping up every day, along with AMD Rx480/5xx. Most sell at about 20% off retail price, probably miners who are slowing shutting down their rigs and putting them up for sale, due to loss of profit the last few months. Many have given up and drove GPU prices down, at least for used ones.

Very soon i will start buying RX 5x0 cards at 200-250$ again :)
Time to build rigs will soon be upon us.

Buy when people are panicking, profits will eventually go up again with BTC price.

"GPU MINING RIG FOR SALE"

4 RX 470's and a regular motherboard - $7000 firm.

The last month has seen quite a few GPU posting showing up - but pretty much ALL of them at gouge pricing, with 1 posting for a bunch of USED cards apparently from a "johnnie come lately" type getting out of mining.

Several rig postings all along - at crazy high way inflated pricing.

Funnily enough, my local parts market was flooded with GPUs even during the crypto boom. It's quite ridiculous, GPUs were being snapped up by the few that knew about crypto while gamers were looking to buy the newer generation and upgrade. The prevalence of crypto is not that great in Greece yet.

Still delusional pricing on kijiji in my city.
Here are some examples (in CAD$). 1 CAD = 0.76 USD today

5 1070ti rig - $9000
7 1070ti rig - $14000 (same seller, as above  ::))
8 rx580 rig - $6000
2 1080ti rig - $3000
5 1070 rig - $5,500
6 1080ti, 2 1070 rig - $13,000  ::)
8 1080 rig - $9,000
6 rx 580 rig - $4900
5 rx 580, 3 rx 570 rig - $5,500
6 rx 570 rig -$5,000

oh theres a 1070 listed for 1200, vega 56 for $1300 and 580 for $690 too ;D
lots of 1080tis spamming now too around the same price as new card.
I can tell these weak hands didnt roi and joined in when it was too late.

I noticed this trend also. Seems like it's an even bigger rip off selling complete rigs.

Basically $10000 total but contains $5000 GPUs and the other is $5000 of "labor" used to assemble the rig.

My local craigslist isn't too much different than it has been over the past couple of months.  Same dude trying to sell a 1070ti for $800.  There are a couple of 1080ti's that are priced within reason at the moment.  I may throw up my Vega 56 rig and see what I can get.  Currently there is a 5gpu Vega 64 rig on there for $6500.  That's pretty laughable to me.  I'm certainly going to be looking to sell my 1070ti's in the near future, but I'd rather not sell the entire rigs, and I'd prefer to do it on craigslist, so I can avoid giving eBay and Paypal 10% or whatever it is now.

I really do expect craigslist to get flooded with some GPUs as small time startups realize that they can't deal with the heat these things generate in the summer.

I don't unless they just give up, because they don't know how to handle the heat.

My local market is not flooded. Im selling of everything i have right now and i get more for it used now then i bought for it. It feels like im scamming ppl but its an auction site... who wants to pay 500 dollar for a 1070 that has been used for 1 year.. its insane.

Yeah it's crazy.  I think that's about what I'm going to ask for 1070ti's that are only a few months old.

The real problem of a 10 month roi is that no one knows what will happen with the prices of btc, eth, xmr or any other coin, maybe in 3 months the prices start to rally again and the roi goes from 10 month to 3 months, or maybe the market continues to selloff cryptocoins and the roi goes to no roi because our rigs does not produce any profit.

So when calculating roi seems people is thinking the current prices are going to be stable, and I think this won`t happen, so is not possible to know the real roi of an investment in a gpu mining rig.

I don’t get why 10 months of roi is considered bad. No other investment yields this much at the moment. A $5000 rig produces as much monthly profit as letting a condo in my city.
So yeah, sure it’s bad...

10 month roit is nor a problem, if is 10 month at the end, most investors will be more than happy to find investments with 10 or 12 months roi, the only problem is that 2 monts ago it was 5 month roi, some weeks ago went to10 month, and if the markets continue going down will be 24 or more months, and maybe after 12-18 months is it not clear if the current generation of gpus will be producing any profit and the resell value that gpus will have.

Current coins price will not get you 10 months ROI. It takes more than that to make ROI unless the price of the coins pumped up again.

in Spain i only have Ebay as reasonable second hand market, and i'm begining to see a big amount of RX 570 & 580 at msrp prices. Considering prices for new gpu's are like 50% ahead of msrp value, well....it's not great but not bad

Who cares?  Hold for years and sell at the correct time.  You'll either be very happy or you'll lose all of your money.  Easy.

You're seeing RX 570 at the Spanish currency equivalent of under $200 for new cards?
Used cards should be selling for a lot less to be under MSRP.

get what you can, market is about to re-bound

Saw an add at local craiglist for a 2 month old rig for with 11 580s for ~ 2.2K USD.
It's gone now...

I picked up 16 1070s on local craigslist for $250 each.

You did very well on this one  8)  Can you try to tell us what will happen in 3 months time?  ;D

There is a persistent Craigslist ad near me that lists a EVGA GTX108TI for $600. It lacks much detail and there are several posts using the same pictures so I think it is a scam.

Most of the other GPU ads are still asking more for used cards than they sell for retail, for example used GTX1060 6 GB for $550, lol.

For the correct calculation of the economic efficiency of the invested funds, it is necessary to take into account the residual cost of the video cards, or, better, the whole of the farms.

For example, in the summer of 2017, after buying parts abroad, after assembly and adjustment, I could sell the farm as a whole 1.8 times more expensive.

Gpus are still massively overpriced in the UK too, not much 2nd hand gpus anywhere except ebay. Most are still about 50% higher than they should be. 2nd hand vegas are selling for £700.

This is probably because people bought mining hardware with the expectation of a 3-month ROI which was the case just a few months ago (December 2017). Aside from that, theres probably the factor that mining profit is going down daily and may possible reach a point where profit is 0. Easily understandable why that is what people are afraid of, it's bad...

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable.  Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it.  just dont think its easy.

Utter nonsense. Do you know for sure when (or at all) those coins "bought when they are low" go up? If you do, then you should be a millionaire by now and would not be wasting time on this forum. Buying coins and praying for them to go up is a 50/50 chance. Pure gambling.

Since nobody can tell you what the bottom is for a coin, mining is less risky than buying coins, which IMO is why many people choose to mine. Mining allows you to accumulate coins at a lower price than buying them directly. You have more room to sell at a profit, even in a market downturn. With a mining rig you can also spread your risk by diversifying in different coins without having to risk more capital. You also have an asset than can be liquidated to recoup much of your initial capital.

In a bull market when coin prices are on an uptrend and mining difficulty is increasing, you can accumulate more coins for the same amount invested by purchasing coins directly, but since you only make money if the price when you sell is higher than what you paid, there is more risk.

Take for example ETH. At the current dificulty, a six card RX 570 rig can mine ~0.4 ETH a month at a recurring cost of ~$70. That's equivalent to buying ETH at $175. ETH would have to collapse in price by 67% from today for you to sell at a loss.

http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=175&p=780&fee=3&cost=0.12&hcost=0.0&commit=Calculate

I am finally starting to see some deals.

Some GPUs are below MSRP even.

Especially the 1060 and 1080.

It's funny how someone is selling 5 video cards and says "never mined with"

I guess they want to advertise their gpus have not been tortured hehe

Investing is a lot more risky - someone that bought into Bitcoin (or pretty much any cryptocoin) in January has already lost well over half of their investment, while a MINER has generally been making money over that timeframe if they don't have crazy-high power rates and use fairly recent equipment.

The "up" side of investment can be a lot higher - but the "down" side is also a LOT lower - compared to mining.


I'm still not seeing ANYTHING on current cards locally for less than MSRP, and the few listings I AM seeing are still at a premium.
Downside of being in a "super cheap" electric rate area - folks around here are NOT turning off their rigs yet.

my rigs are paid off.

if a 1080ti set to 200 watts uses 5kwatts a day at 20 cent power that is a dollar in power cost.

As long as the card earns more then a dollar a day may as well run it.

 :)

You guys really need to up your game.

Not really seeing much in the way of cheap GPUs in my area either, the few that are listed are still going for close to $150% premium over the MSRP. I expect more, and cheaper, listings to appear closer to the shipping date of the E3 miner.

I don't - the E3 is a pretty big risk, given the current timeframe the ETH developers are talking about for Casper deployment and the very small amount of market for a ethash miner after ETH goes fully Proof of Stake.

I DO expect to start seeing a few GPUs pop up at reasonable used pricing if coin prices keep sliding, or stay steady and Bitmain manages to build a TON of E3 units and sell them all.

It does look like they're having a bit harder time moving them than they anticipated, given the move to "allow 5 per buyer" instead of the initial 1 limit.

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

well there are some people who are called stupid that are willing to buy I guess, if ASIC manufacturer will sell on this pricings I bet my GPU's are still worth it. Long Live GPU..Lol :D

It won't be obsolete in a couple of months - even when ETH goes proof of stake (PERHAPS by the end of the year, but I'd guess it's more likely to happen 1H 2019 for FULL POS) there will still be the other ethash coins for it to eek out a pittance income on.

My guess is that they misentered the price when they put the second batch up, and will correct it Monday - $1800 has pretty close to ZERO chance of ever paying for itself unless ETH pricing (or pricing on one of the other ethhash coins) jumps in a BIG way sometime in the next month or two.

Seems this thread is worth to be up, I'm now seeing a lot of used GPU's and mining rigs on sale

chasing profitable coins for GPU is harder and harder

added ASIC and FPGA entries later on

GPU mining Fate..

History repeats..

Yeah and it's almost exactly one year later. I hope this thread gets posted on again next year.

Hopefully speaking, if the trend continues like last year, we should see mining profitability boom again from July to December 2018. Of course, this is a very optimistic outlook. We may see the same thing again, but for FPGAs and ASICs this time around.

Thats 450 day pay off for an ASIC. Not worth it at all. I get 185 mh/s @ ~700 watts and can mine any algo I want and could still sell my gpus to miners if I chose to.

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

Dont think you will ever reach that $5/day/RX 470 profit levels. The way BTC keep dropping, mining will return a deficit and not a profit after elec.costs.

In bearish market they are less coins profitable to mine so diff is higher, when prices are going up more coins is profitable and diff is going down a bit or stay the same level. When they are extreamly high profits per card many ppl start buying GPUs and diff start rising again :D So it's normal market process imo.

I agree. I just make the GPU work more efficiently, so they will generate less heat.

It will also generate less heat, that will be most helpfull during hot summerdays. Multiple gpu rigs will consume a lot of electricity and generate a lot of heat.

Well looks like on eBay there are a few low end RX 470 4GB that went for about $130-$140 USD per GPU.

This is actually the first time I am noticing these GPUs being sold for less than their original MSRP.

UPDATE:

Basically I am noticing many GPUs, PSUs, entire rigs, ASICs finally popping up everywhere on Craigslist and eBay.

It seems the loss for the RX gpus isn't as bad. I think they are going for around $150 USD and retail was like $200 USD if you bought during MSRP. This is for the low end RX 470 4GB models. The 480 8GB is usually $50-75 more.

I think the biggest loser is the 1080Ti which is going for as low as $500 USD and these retailed a few months back for what? $850 USD if I recall correctly.

So the prediction that "Nvidia GPUs hold their value better than AMD" is basically false...

Not much of anything on CL here.  Some 1050's and 1060's.  $1400 for a 5X 1060 rig.  $2600 for a 6X 1070 Zotac Mini rig.  $1500 for a 3X 1070 rig.  $800 for a lone 1080ti ... Lol.  A few people asking way to much for older hardware that I wouldn't give anything for.

It's false cause only ethash which is, still measly profitable and amd cards hold the cost performance advantage, if equihash was the survivor asic algo then nvidia would be holding that advantage. It's a no brainer.

I found mining rig with 6x gtx 1060 3gb for 1000$.
But even at that price, by current profitability it would take me 2 year for ROI.

Probably a little bit less than 2 years if you try to mine Musicoin, ETP or any other coin still mineable with that card. As for the Equihash Zcash algorithm let me tell you my stats, 6 such cards are making me a miserable 0.38-0.40 mBTC daily and the energy cost is higher than the profit for the whole rig unfortunately.

Even at 1000 dollars is not worth it for a mining rig.

In my countryside, Most of the techgroup buy and sell is flooded by GTX 10 series. The funny thing is, almost no one is buying it. Even i myself find it hard to sell my darn 1070's that has been up for almost 2 months now. There's a massive competition now in Selling 2nd hand GPU's in the market.

The resale value of GTX 10 series video cards has plummeted in the last week or two, but I think that's due to the impending release of the next series from NVIDIA (probably will be announced at the end of the month, whether a paper launch or a real physical launch remains to be seen).

There are only rumors about the upcoming 2 different variants in the market. Nvidia Ampere and Turing. Allan Turing is a cryptanalyst so it would be easy to speculate that they are going to create two different cards in two different markets. Overtime, the 2nd hand GTX 10 series will flood in the market and for sure, like cryptocurrency, will be extreme volatile in price. I'm projecting the value of 1070's to fall below $250 given the current situation in the buy/sell community.

True, true.  Launch price of the 11 series may be higher than people think to keep those 10 series from dropping too low.

Checked eBay quickly and found these deals

RX 470 4GB are selling for $121-$140 USD

GTX 1070 are selling for $200- $250 USD

GTX 1080Ti are selling for $400 - $500 USD

R9 290 are selling for $100-$125 USD

damn Ill take some 470s then :)  Dont care about the rest much.  Pay the lowest amount in gear, in power, you most likely wont lose.  Around me they still go higher than that though, 225 maybbeeee (cad).  1080 : 400$ cad roughly from what i can tell.  so 300usd

470/4GB wont give more than 25 for Eth

As a blanket statement that is not true... GPU6 is a MSI 470 /4GB

https://imgur.com/a/AG0NTDd

The RX 470/570 GPUs are still going down in price on eBay you can get some for $80-90USD excl shipping right now.

It's pretty bad considering the older R9 280X are going for only $20 less.

If you think ETH might go up in the future, it's a great time to stock up on these GPUs. Some still have warranty even and I don't think they will depreciate any further than now.