Bitcoin Forum

Been mining for almost 1.5 years now. As time goes, so is my GPU count. Built 2 nvidia powered rigs, up and running smoothly. BTC prices are so unpredictable, and so are the altcoin prices which are almost a reflection of what BTC has become today. nvidia might launch new gpus anytime sooner or may be longer than expected. My doubt is that, once a new range of gpus are launched, the older gpus will be out of circulation, right? Well in that case older gpus will not be available then. And for the new gpus, the price will never look similar to the older ones. So, is it really the right time to buy gpus which is available for cheaper price [not so much] in my city? [provided BTC will not suffer much in the coming months] or should I choose not to buy now?

i prefer you buy when ether low. since that impact on rig model. today gpu is cheap and that you must look too impact of dollar to your real currency. as i used now is old. and already selling because im do developing. what i seek is. what make good that rigs by algos. example cryptonote. what good for that gpu mining. or x11 or many more algo by compabilty of VGA. old times i used 1050 and now i sell them for masternodes installing.

gpus are not cheap, cheap was $240 for an 8gb 580 , 375 for a 1070

The older generation doesn't disappear immediately. All of the sources point to an August or Sept release for next gen Nvidias so best will be to wait for new launch. Prices are still high and the markwt is not good as it used to be.

Actually, no.
Some manufacturers will still make previous models even if there's a newly released GPU model.

And secondhand GPU will still flood the flea market.
If you're fond of window shopping on websites that sell 2nd-hand computer parts, you will always come across the old GPU models.
The questions are the estimated time of usage and the quality of the products but it will still affect the price of the bnew ones.

This question has been asked multiple times on these forums and the consensus answer seems to be that NO, now is a bad time to buy GPUs or build new mining rigs.

As far as i can recall, below is a bulleted summary of reasons why you shouldn't.

• New series GPUs are being released soon
• ASICs for the primary POW coins have been released to the public
• ETH is about to either reduce block reward or start POS
• Difficulty is climbing higher everyday

for me cheap than asic miners. but im used of asic for high spec. already buy rig 2 month ago. if case now expensive. just hold or buy the old as recommended can mining.

I think it is better to wait for a new launch GPU's if they can release higher performance than the old GPU's then it is good choice to invest and buy them but always make sure to check the profitability because I'm sure the difficulty will increase again more if there is new GPU's release so if you early buy those cards then you can be benefited to mine early with those cards and old cards will be less revenue and will turn into unprofitable card except for other countries with cheaper electricity.

prefer build own electric. many tutorial this day. someone sunk in water liquid too. many method mining today. yes agree. that unprofit with older. prefer newer. and check budget i think cuz if not enough it's will not come back after break event point[BEP]

If you wait for new launch you always wait for the GPU because anytime it will launching the updated version so we should buy know the cost GPU is low in the market. This is the best time to buy GPU because the current market is low so demand is little less in the market and automatically price also less in the market. But if you wait for future this will going to peak.

high crypto prices = high gpu prices
low crypto prices = low gpu prices

...its always a gamble ;D

There are a LOT of Asics, so NO

too much asic. and asic hard to maintenance than gpu. so i think the time buy gpu right. i see now price low.... :-\

How do you think the algo diff will be on par with the yet to release new gpus? Also, it is almost impossible for me to get ASICs in my city. :(

do not rush to buy GPU,strong opponents will be asic and fpga which will always annoy GPU.
If ASIC and FPGA kicked, you can bought GPU

when to start buying a GPU if it has to wait for ASIC and FPGA useless?

it's not an excuse not to buy a GPU/start building a Mining Rig.

The right reasons are:

• what is the electricity cost in your home
• how fast you want the ROI.

Say, ASICs have dominated the crypto world. ASIC miners usually become obsolete within 10 months, right? Of course, I 'd be getting all that I invested in ASIC within that time, but post that no more revenue from it. Then, I have to buy a far more advanced [powerful] and quite expensive ASIC model. What's good in it?

ASIC only has low power consumption and lower price when compared to GPU (if has same hash level).

E.g
Antminer E3, Batch 3
Total hash rate: 190 MH/s
Price: $ 1876

how many GPUs can equal it (hashrate) and the total price of each GPU and power consumption?

and when ASIC is no longer a profitable at least have a fan that can be used or can be used as a seat.

Right now you'll make minus $0.96 running a A3 this is what asics do to profits once asics take over a chain its screwed look at D3 or L3 the only way to turn a profit is if you have free power I don't understand when a asics gets released why people get hyped up they wreck profits and are cancer to blockchains

That's a good point. One day, if ASIC overtakes the GPU market then we have to live with it sadly. GPU on the other hand is like a slow mechanism, profit gradually decreases over time. Sadly, ASICs are at a maximum nowadays.

at that price, only idiots buy the e3, 6 gpu x 30 = 180mhs, power 6 x 120 watts = 720w, also, count at least 30% gpu resale value in 2 years. Matter of fact only idiots buy hardware to mine eth right now cause buying the coin is a much better deal right now. At $800 it was the price, for $1900 is a rip off. With $1900, you can buy almost 4 eth, wait few months and get at least $1500 or more for each eth, almost 6000 usd, spending $1900 on asic or gpu will only make you to work a lot for nothing cause i doubt you will get $6000 or more within few months mining eth and even if you mine and hold the eth, it will never give you $6000 that fast, matter of fact  roi will be 2 years and in 2 years buying 4 eth and holding might give you $30k.

Face it trolls, if mining does not give you roi of 100 days or less, better not to invest on it, buy the coin and wait for the ultra pumps.

for me i think best to buy is GPU will be base on the places and buying GPU not just 3. i think should be more than 5. and lastly is the electricity usage others are some place's are cheap in electricity.

The for me it is when will eth go POS and when / if another coin becomes very popular and profitable like eth to mine.  I would love to built a lot of eth mining machines but I have no idea when eth will go pos.  All the ASICs I look at are too expensive, for the time it takes to make back your investment, I should have paid more attention and bought a Z9 when they first came out.

Well, when you can get a good deal on GPU then I'd say go for it. I have seen GPUs being sold here at a really great price, tbh the price has been so low that you could make some easy money reselling it later ;).

I see a point in mining if your electricity is really cheap or even free.

Are AMD or Nvidia planning on releasing any new gpu chips. I am getting tired of this RX 580/VEga, 1070 suff.

Basically what the above poster said.

When people are making good money with mining... GPUs become expensive.
When people are making peanuts with mining... GPUs become cheaper.

The best time to mine was 2009...2010 where you could of found a few blocks using your Celeron CPU inside your laptop while soloming directly from the Bitcoin Core wallet.

The second best time to mine was 2011...2012 where you could of made a few BTCs every week mining with your Radeon 5950...6990 GPUs.

The third best time to mine was 2013 where your Radeon 7970/280X made a killing mining LTC during the late 2013 bubble.

The fourth best time to mine was 2016....2017 where your RX 470/480 GPUs made almost 1 ETH every week that you could of sold for $1400 at the beginning of 2018.

Now I don't see crazy 1000% profitability levels anymore.

Sure you can buy a GPU second hand, mine like 0.25 ETH with that GPU till the end of the year and when ETH goes to like $2000 you will make a profit of  $500 and maybe lose a little on power and deprecation of the GPU.

But I am pretty sure gone are the days of making 5 or 6 figures from your mining rigs like in the past. I highly doubt ETH will do another 100x.

Just gotta weigh it all out.

i used many of asic. but we cannot easy too bro. why cuz if maintenance is taken longer than GPU. but asic make crack for price too this day~

The 1180 seems to be just around the corner.  I'd hold off on any GPU purchases until after summer if I were looking for the best deal.

https://www.pcgamesn.com/nvidia-gtx-1180-release-date-specifications

that more scary even i look thread. that prototype...will it's be stable on hash?we not sure. but we wait. thank info.

Latest 1170 leak shows 60% faster than 1070. Now the question is who will offer the best price/performance gddr6, amd or nvidia, i will side with amd again.

is amd will be colling?. i use nvidia and it's coller. 1060

I just explained by comparing ASIC VS GPU without affecting OP to buy one of them.

See what OP is asked

---

buying ASICs or GPUs has the advantage and Risks include investments in coins

I think it mainly depends on the electricity price. If it is low, buy some GPU.

It's up to you. The market is down and nobody knows when it goes up. You'd better count the profitability then decide buy or not buy.

If you care about current profitability, you aren't buying any mining hardware.  The key is to not care about "current" profitability.

Hardly.  Its been over 2 years since Nvidia released a new gpu platform and over a year since AMD released a new GPU.  Its not like the next best thing is released every 3 months

I think even with the release of a new gpu platform by either AMD or Nvidia, there will be a lag time for mining software to be optimised for them.

Better to take advantage of the dip in prices for the previous gen, and mine with those. You can also just switch to another altcoin with a lower difficulty, to avoid fighting with high demand altcoins (like ETH).

Yeah you don’t want to be ina situation wheree 290x and 280 users were in righ before rx480s came out. Basically with new obsolete and power hungry cards in your inventory when the new models are say 30 to 40 percent for powerful and 40 percent more efficent.  I would wait son

lower difficulty needed. many new coins today i used for mine gpu then sell it even cheap. but with many coins. so that not problem  ;D

if he think will dip eth crazy even 1 rack not enough  ::)

Read something lately. [Must be a rumour] Nvidia decided to launch the new GPUs with a driver version that may not be compatible with any miners right now. Like, you cannot mine any crypto using those drivers. Must be fake, anyhow what if it is for real?

Now the equipment is at good prices, but the yield is very low. Payback with such a return of about 2 years. Now it is better to invest in the purchase of coins

Definitely good time. The price went down a lot, almost 2 times lower comparing to december.
I'm slowly increasing the mining power of my farm now buying 2-3 new cards per week.

What is a reasonable price to buy second hand 1080 ti? 650 USD?

i think some coins with low diff can found at announcement. so it's time can mining. before high. and sell buy new equipment.

299 usd, gtx 1070 will be faster than gtx 1080 ti and it might cost $399.

wut....for real. i wanna try buy that...strange why high low and low is high. mean version 1070 is faster than 1080  ::)

I've seen them for 450

It is a good time I think since you can buy RX 580 for 250-280 USD new at Newegg and I am talking about the 8 GB cards. Sure there are a lot of ASICS on the market but nothing guarantees that they will keep performing the same and for example some of the altcoin developers will not opt to switch their algo in order to fight ASICS.

You can find RX 570 a bit cheaper which performs very similarly to RX 580.

dont mind that idiot. he's just a troll that gets off by feeding bad info to miners. he doesnt know anything about mining.

a GTX 1080ti in the current market will go for about $550-600, less if you find someone wanting to just dump it. but thats the average going rate ive seen on reddit.
a GTX 1080ti should get about 50MH/s on ETH (most profitable) with the ETHlargement pill.
a GTX 1070 in the current market will go for about 300-350, and will do about 30MH/s on ETH.

Prices have dropped a nice amount so it is a good time to pick up some GPU's.  If you are patient and use Ebay, they sometimes have offers such as 10% to 20% off coupons or 10x Ebay bucks.  Buying during these promotionals will save you a good amount of money. 

No chance.

Not buying a single GPU until the new cards are released, until then it's a suicide machine, don't care if its $200 per RX 580, still may end up butt fukt.

Need new tech to make GPU mining worth a fuk. 

Metroid is a paid troll or either a bored moderator.

Nobody is this stupid.  8) hehe.

ahahah but i think on side with cryptonight they fast lower but with high end gpu like 1080 ti used like me ETH family enough for mining.

7-8 months ago I thought Metroid was a medium size miner, trying to convince people not to buy up gpu's during the fall/winter btc bull run of 2017.  And into 2018, as gpu prices went through the roof, I agreed with him.  His numbers were usually way off on gpu prices, because I think he was getting them from re-sellers, but I did agree with the point.  I personally had only been mining for a couple months when I noticed him, but I thought he was putting fear into the minds of people that were spending a ton of money on something that would never even give them a return.  I thought he was doing this for his own benefit, to be honest.

He was and probably still is saying some really negative things about gpu mining, but what he really should have been saying was ... Be prepared to mine and not sell until the time is right.  That may be a year from now, or it could be five years from now.  Be prepared to mine until those gpu's and dead, pay for the electricity out of your own pocket ... And still hold your coins until the time is right.

That's when I learned that mining was never meant to be a largely profitable endevour on a day to day basis.  As I look back ... I have a friend/previous co-worker that mined with a couple 1070 or 1070ti's (can't remember which) when he was telling me capital recovery was 7 months on the hardware.  This was probably spring of 2017, maybe a little before.  He didn't understand difficulty, hashrate, used nicehash, ect ... Pretty sure he didn't even know what an asic was at that point.  He just thought he was always going to be able to do what he did and get the same prize for ever and ever.  Mining profitability kept going up and I started to build out my small home mining farm in the fall of 2017.  

I started mining zen and zec ... xmr on my first amd rig.  For 90 days, I was rolling in the cash (although I still haven't sold any crypto to this day).  Only mined and traded for btc.  Btc dropped, alts dropped, asics for ethash and equihash were introduced.  Started spec mining ... One coins  that I still believe in is what I'm still spec mining and will wait for months, if need be.  

The point is that mining isn't a business that you can take fiat from on a day to day basis, and be profitable.  Never was and never will be.

Totally agree. Only started mining ETH end of last year. Then the difficulty spiked up drastically. Now have to fork out money every month for the electricity. Will continue until all the GPUs die.

What else to mine when ETH is going POS?

I don't think XMR will be that good, there is a market but if everyone who use to mine ETH will move to mining XMR you'll all flock in a pool. There are newer coins though like EINC which if it can have a good price, its going to set miners to build more rigs. I have it thinking as well when I saw their thread here.

I have been running a 86 gpu farm for 18 months and it can be profitable if  you buy your equipment at a decent price.  I always bought when gpu prices fell.  But right now its a little different new gen gpus, ascis and eth pos have cooled my jets I haven't bought many gpus this year.  I'b buy a ton of gpus right now if I thier was a decent coin to mine, I have 970s and 470s still running making money.

right now I'm buying BTC until I see a decent opportunity.

Why would you keep mining at a loss when you could just sell your GPUs and buy in at market price? When you're mining at a loss, you're essentially buying coins above market level and it makes better sense to just pull the plug and buy in whatever coin you're mining (ETH in this case) and just hold until you want to sell, and you won't be left with dead, useless cards on your hands.

Unfortunately, in my country I couldn't sell GPUs [may be 1 or 2]. I still dont hit the bottom with my GPUs, just about to if the situation becomes further chaotic. It is still profitable but not much. If I need to trade like you suggested then I should have myself some $3000 daily.

I see. If you're willing to sell your cards online shipped, it is possible to go to the Computer Hardware section (https://bitcointalk.org/index.php?board=75.0) and make a listing for your cards (only accept buyers willing to make an escrowed transaction in this case). If you do things right, there's little risk and you can select what methods of payment you want in exchange for your cards, and you'll get good amounts of site traffic to your listing. Just a suggestion, I myself have sold lots of hardware through the forums and I've never gotten burned like if I had sold through eBay or any other online marketplace.

well no for ebay sir. far away from asia. if them have server asia. or better cash out. because it's expensive. prefer ali-express.

Noted, will look into it. Hope that situation never comes.

just try ali-express im used that for faster.

It's called diversity don't have all of one type of rig or technology.

at the peak of the market craze late last year, almost all produces of gpus were having their gpus over bought, now a lot of miners are selling them off as mining profitability has dropped significantly. It may make a lot of economic sense to get them now.demand is low

they move to asic. many of them but for now he ask if good time buy. yes. many altcoin for mine and sell still profit even small...+ do electricity low cost~

Unfortunately not all of us live close to Asia, and there are better options for those of us living in Europe or North America like this forum. I didn't even suggest using eBay because that place is just fraud city now, unless you're a buyer. There's no reason to use eBay anymore when there's better sites to sell on that don't back the buyer even if he's sending back rocks, etc.

I will say that AliExpress is okay for electronics in general though, as long as you're prepared to wait a bit for your products. They've always come through for me as a buyer so far, but I have no idea how it is as a seller. Taobao and Alibaba have also worked for me through the use of reshipping services in the past as well.

well. maybe because we far from e-bay. for ali express on alibaba we can complain to them if the gpu not arrive they nice too. so i think good. if better outside there pay used crypto but many fraud. like my friend case. they buy gpu but got hoe. lol [that not funny]. still research good seller for crypto payment + trusted.

I stays as I do since 1.5 years. Cant decide to buy GPUs. Dont know really, ROI is too high for a long time.When I bought my 1070s, ETH roi was 5-6 months(electriticy except). Now, terrible times.

well why not try another alt?if some trust i think so....im used them as decoy when main thing gpu for zcash  ::)

decoy mean we mine the low one for close the electric problem. i used liquid water now. sunk gpu to aquarium  8)

When I bought GPU for mining, the ROI was about the 6-9 months. Then the coins price rose a lot, the ROI became 3 months.

more mining they hold much price rocket....the unique we can mine altcoin then sell when that coin long roi....so strategy is key~

I am not sure now if it even is a good time to buy a Gpu or Gpu-s. Prices of Gpu-s are falling in international markets , the same thing being reflected here in the section of computer hardware of this forum. The increase in difficulty, wait not the increase, but the spike in difficulty for many different well known coins that can be mined with Gpu has made profitability worthless.

Imagine one board with 6 Rx 570 makes only 3 dollars daily with Winminer mining Ethash coins, different coins.

I wonder if this spike in difficulty since it is the second year that is happening in the same time has something to do with school persons who are on vacation and they join the mining fun maybe ?

I don't think it's good time to buy new gpus since there are rumors that Nvidia should launch new gpus this month.
If that's true and new gpus are good at mining, old one will probably be much cheaper.

cheaper but can profit for new coins or small difficulty and for research.

The answer to the question as always remains a no and it is a bad time to buy GPU.

lol i think some side yes. maybe for small cash. the time is fly if you buy cheap why not?im know miners risk it for ROI. what i said profit in case there new coins. so yes. we not just mine ether dude~

Buying GPUs now is like buying into a pyramid/ponzi scheme right before it collapses. GPU mining is now threatened by a number of factors such as ASICs, algorithm updates, new designs, etc, etc. There is no more IF when talking about when GPU mining will end. Sadly, it's now only a matter of WHEN, GPU mining will end.

buying now yeah is risky but ending? gtfo

I feel like I recall all the same talk about GPU mining dying when the first Bitcoin ASICS came out...

I'll still grab a card here and there when a smoking deal shows up. Plan to run all of my cards until they die.

I would at least wait for new generation of gpus. Maybe is worth to buy a card or two. But that's it. My opinion.
Not every one have money for ASICS, fpga....

smart move, wait for the new cards from AMD & Nvidia to arrive, just weeks from now.

Wait for the amateur miners to put realistic prices on their 2nd hand GPU's on ebay etc..

Enjoy the few months there are left , before FPGA's take over/ Ethereum gets its  long awaited upgrade to PoS/sharding

Remember that you can always mine on Nicehash with GPU's. So i will still wait for the prices to drop to buy some more cards.
If this bear market lasts until the end of the year, the market will be flooded with second hand cards that nobody is going to pick up.

hmmm i think so today i too much attractive with asic. there will some company rival than bitmain i think so~

for now i more put sha-256 and less used gpus

The second hand GPU will surely flood the model and will not have the same impact.

well for now wait the new gpu...but if ASIC better im move ahahaha...since im not wanna waste some gpu for loss many~today i cut many gpu suck!

all coins are becoming centralized. ALL OF THEM.

ASIC is destroying the world of crypto, and only rich people are taking advantage of it.

in fact, almost all ASIC that are being sold a much more power efficent and faster. It makes no sense buying gpus for mining. And investing on ASICS is only in hands of rich people.

It's a complete scam and disaster. They said crypto was DECENTRALIZED. But in fact it's totally centralized and manipulated. Total SCAM.

add that prices are going down, and they will go crash in 1 week, to the value of ALMOST NOTHING, that's a TOTAL AND ABSOLUTE REKT FOR PEOPLE.

I think you are forget that ASIC and GPUs are totally different. Yes ASIC is more efficient, be picked and many rich people will prefer use it. But for gpus will still be choose miner because they want mining altcoins that have low difficult.

yea, but he stated a good point. asics covers most crucial algorithms. I am happy someone else noticed whats happening to crypto. Greed is a bitch.

Asic's are for rich people? Lol.  Anyone can buy an asic, if they want to.

wow you wrong here. asic have cheap too lol. some of them greedy but for someone have impact too. we can have cheap asic and have GPU for lower. why not? this our decision not yours....like me asic for some experimental small mining scale for experiment of some coins future. but gpu for long time as have easy maintaining than asic. there have + and - asic and gpu.

He's just upset.  He rage quit gpu mining a week ago.

why he quit. i think many altcoin for experiment and have profit for cash. he just need know manage this. as i know gpu is longer. and easy maintaining. well for now price is low hope gpu low for buy new equipment~

He quit due to hopelessness and rage.

he need more calm for that. gpu profit if used lower coins or lower difficulty. or try the asic resistant some coins. but not cryptonote. im not much doing that again because loss~

The generation that was older doesn’t appear that easily and immediately.

Best time to get involved in crypto mining as you dont have to pay premium for hardware and means when market comes back to life your ROI will be much lower then those guys who will buy in panic when they see big gains.
But of course there is a lot of risk , for some crazy circumstances big gains could never come :D 

FPGA mining would be another thing where would you want to look into it.BTC

Prices are currently dropping nicely on most 10 series cards, especially cards above the 1070 (1080, 1080ti etc) as the 11th generation release is coming ever closer. I got a $299 refurb 1080 from EVGA (can't hurt at that price) just yesterday while browsing the r/buildapcsales (https://www.reddit.com/r/buildapcsales/) (sort the posts by new) subreddit- that's where I find most good deals for parts like GPU. Prices really aren't too bad right now as almost all cards are below MSRP if you're looking in the right places.

The manufacturers will make the same model as they have been making earlier.

I do think that new series will be very expensive price per mh/s. Dont think there is anything to be very exited about it. Not always new series of cards is very profitable for mining, like RX470 from AMD is there out most profitable card for 3 generations already.

Why to think like that? For example remember what was the price of rx580 at the begining? It was very loe but now? It's very high. Maybe new GPUs will be great for mining too? Who knows? But there is a chance they will be great and low in price for the first time. Also 1stmining is a great website which adds reviews of GPUs pretty soon.

hmmm, maybe over the atlantic you will find better prices.

Gpus are valued by demand , more demand bigger the price. Ok lets say they will much more efficient , youll see they will be priced as efficient are they. Mining game is so big that they are monitoring the market all the time. New gpu releases are delayed cause there is to many gpus now manufacturer and nobody doesnt buy them at these prices, but they are reduced every day and are nearly reached the old prices where you could buy RX470 for 150euro excl. here in Europe 2 years ago.

that cloud one?i think i never used cloud mining. except eobot  ::)

The impact on the rig model is good and you can buy the ether at the low price.

Yup
smart buyers are waiting for prices below two year card prices, remeber these current cards are 3 year old tech, their prices are artificialy high due to the prior crypto bull run

then now cheap. i will check after work

for me a cheap card is brand new rx 570 8gb for $190ish , a brand new 1070ti for $370 or lower
my days of buying used cards are long behind me , reasle waranties are a bitch

I don't know what are the prices in your country, but where I'm from prices in the stores are much higher than the prices of used cards. I have bought 6 out of 7 cards in my rig as used cards and I had only one problem with the vent on one of the cards that started making noise. I returned it to the store and they changed it free of charge, of course.

one or two used cards might be worth the risk , but in my experience paying $50 less per card US prices
is not worth losing the entire worth of the card if you camt waranty it.  That one bad card u get stuck with basically erases all the discounts on the other cards

What cards do you recommend and are good buy today?

what prefer warranties then? seller or company warranties? ???

I'd prefer to have both but just go with the seller, he has the company warranty.

I think that it is good time to buy GPUs, but there is very small profit at the moment. In few months there will be update of Ethereum network and profit will be decreased more. Also there will be new powerful GPUs. So I do not know if it's worth buying a GPU at the moment or not.

I'd say it's a good time for a gamer to buy a 1080ti.

580's ending up at 140-150 on the bay right now...A guy could find something to mine with those that makes sense (cents)...only thing is maybe the bottom isn't in yet.

In my area also, they are starting to lower their prices of NVIDIA cards. They are also lot of promos like ASUS brand. 1070ti Asus Strix cost $430 which is cheap price nowadays.

Love how your post makes sense!

Anyway, rx 580s at 140-150 are definitely a bargain, as long as they are in good condition and preferably have the warranty intact. Anything above that tho, i would consider risky. Finding new profitable coin opportunities doesn't come around as easily as you may think.

well, for one this crash on mining profitability is good cause we might see next gen gddr6 midrange gpu rx 680 for $170, no more bullshit from resellers, my friend was smart though, he never bought any rx 480, 580 for more than $200. Thousands of stupid miners bought rx 570/580 for $800 or more for each, the only ones who profited from all of this were resellers ehhe in the end hehe

Yeah how true your statement is.
They average 29-31Mh/s which are about the max the 480/580 rx cards from AMD do.
Yeah I know.
With the money those people spent on the cards to mine with and building a rig they could of just bought the ethereum for the same price it is selling for now. And this is not including the amount in the cost of electricity
they spent to mine this ethereum as well.

Like i always say, mine is only good if it gives your money back in 100 days or less, if not then stay away from mining and use the money to buy coins directly.

but is them trust. or we need company too. i think both have same. but sometimes reseller warranty unsure they real or not. example company give warranty 1 year the seller give 7 month. i ever have this case.

It is very stupid to buy cards at premium, but this is human nature . They panic and get greedy when see such big gains can be made.
The problem with the card prices doesnt come down as fast is, cause most of the distributors bought at premium and doesnt want to sell at loos. But as longer as we stay in bear market and there is no demand for gpus they will have to down eventually as distributors funds are locked up and they will risk it to sell it a t loos then wait and might not sell at all.

If in your coutry price is to high, wait for it it should come down soon, or just import them from cheaper places. RX570/RX580 good buy now is under 200e  ;)

ah i think not all is expensive. if you have links/friend already retired on mining world. can easy got cheap. since im see them can sell us cheap. second price with friend is easy going too~like last week they sell to me cheap.

They do come down very nicely :) I have my target price RX570-140euro:)

Seen a post yesterday GTX2080 release date 20-30august. Wounder whats will be these priced :D

Think pricing for the pro cards is (roughly):

Quadro RTX 5000: $2300 (£1800)
Quadro RTX 6000: $6,300 (£4390)
Quadro RTX 8000: $10,000 (£7828)

I say what people really care about is GTX 2080 series. That's a mass market product that everyone can relate to.

They must be more expensive then 1080 , probably at 1000-1300 euro range :)

i check here something got discount for country independent day!nice done...i can buy full stock now~

https://www.ebay.com/itm/273380189582?ssPageName=STRK:MESOX:IT&_trksid=p3984.m1559.l2649

179$ for a rx470..

Hope the nvidia surprises everyone with a massive performance boost. The situation now is like there is no strong contender against ASIC.

I think it is good time to buy second hand GPUs.In the second hand market, there are a lot of GPUs in very good condition. I am trying to buy cheap 2 or 3 GTX 1080 Ti

This is the risk thats why before making any decisions its much better to find first profitable coins before tending to buy a certain GPU. Buying out an old card with warranty is good compared to have none but we all know the word "used" tendency of complications of usage would be there and if warranty is the problem then you would definitely waste up money even if a few hundred bucks.

In theory this is very good advice. However, it is nearly impossible to
actually execute this advice. The mining market is very competitive and the profitable
coins change all the time. Therefore it is really unrealistic to be able to research
profitable coins before actually buying a certain GPU.

It works like this:
1. Coins A and E are highly profitable for GPU mining
2. Everyone directs their GPUs or rigs towards mining coins A and E
3. The mining profitability of coins A and E plummets
4. Suddenly coin F has the highest profitability
5. Everyone directs their GPUs or rigs towards mining coin F
...

Personally, I´d wait until the next "altcoin season" starts, because then
mining altcoins will become very profitable again. It might be difficult
to get your hands on new GPUs though when this happens, because
the demand for the GPUs will obviously go through the roof in the
case of another "altcoin season".

That is what really happens and is pointless to change coin cause the profitability appears as soon as a coin is pumped by 2% or more x other coins and then it crashes the 2% again or maybe even 5%, in the end the crap is the same, i advise you trolls to read the altcoin project that you are thinking to mine and if good then stick to it even if shown profitability is good or bad.

I agree into those points above which is actually happening which would result into confusion regarding on your decisions due to changes of values overtime.Therefore the solution would still be like this where you should stick to the coin which you do believe on which same as you said even if the profitability would be good or bad because there would comes a time a certain potential project will really shoot up.
This would vary on how you search up things on the first place.

Have seen some pretty nice GPU deals lately (RX 470/480 cards) and also the summer is ending and the cold autumn nights are returning. I need something to keep me warm :D.

It is quite risky to buy the old cards. The 2080 could come out in a few weeks.

im waiting new card anyone got new information price?

The prices are going down in international markets like Amazon and Ebay but I think we just need to a wait a little bit more. We need to wait the moment when a Rx 470/570 series to be 100 dollars each and we can then build a mining rig with 6 cards with only 800-900 dollars.

That is the time when it is worth to buy graphic cards, though the rewards from mining with graphic cards are going down slightly day by day.

I picked up a two month old MSI 1070ti off Ebay for $295.  Before that the last one I bought was a 1060 for $350 so yeah seems like a good time to buy.  Who knows what tomorrow will bring. 

https://www.ebay.com/itm/273352259701

259$ but Inno3d. Price coming down..

Prices is coming down indeed.
Im mining altcoins for its 3rd year now, and have made the most profit when it is unprofitable to mine in bear market. This means the difficulty doesnt increase as fast or is decreasing.
I do prefer mining then investing in coins.
Lets take an example why :
1.You have invested in 10 ether 1 year ago and bought the coin at 300 usd (total value 3000 usd) https://coinmarketcap.com/currencies/ethereum/historical-data/?start=20170820&end=20170820 (https://coinmarketcap.com/currencies/ethereum/historical-data/?start=20170820&end=20170820) and still haven't sold by today, so it means in 1 year you haven't gained anything.
2.you have bought a ethereum mining rig https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470/ (https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470/) for the same amount of money you have invested in ethereum year ago by now you would have mined about 10eth , power cost for one year mining at 0.13c which is about average worldwide would use about 900usd in power costs.

If the results will be the same moving forward then there is no doubt to mine the currency is more profitable them buy it, if you have bought the coins you have no made any profit. But if you have mined coins you have made profit 10eth + you still own mining equipment which you can use for coin mining if you look well after mining rig. I have mining rigs which are mining for its 3rd year now and there is no issues with them. Also they still have resale value, or you can use them for other stuff like gaming/rendering....etc

But the of course there is a lot of risk and not always you would make more money mining, the secret is to choose right hardware.

watch out you will have traders try to tell you different for what ever reason but i do agree an why i keep mining with GPU .
after all we need miners with GPU CPU and ASIC to produce new coins that may come out or old coins or they can't trade unless it's a coin that can't be mind an those coins don't seem to last long , those coins are more scam like because no real hard work goes into making them.

Yes of course there is another way of making money, by the way traders can trade mined coins also, so double the profit is they are so good at it :)

I am not a professional miner, I just want to learn how to do it, to mine bitcoin. I was wondering when it was best to buy mining equipment. Perhaps now the bottom of bitcoin and the best time to buy equipment, is it?

yep you bet, this is one of the best time to buy a rig

its logical that price would be at its lowest in bear market as its also low on demands due to mining profitability

however, this threads are for GPU's

Bitcoin is for ASICs

Yes buying mining equipment is the same as you buy currency for trading. Buy low sell high.
When not so profitable to mine , equipment will be much cheaper.

Woah that is really a win win situation for me. Rx 580 8gb brand in our area cost $245 now. I love the price that happening right now.

why dont you pick up the new NVIDIA RTX2070 or 2080? screw the older GPUs get on board with the NEW stuff before the prices double  http://www.alphr.com/technology/1009804/nvidia-geforce-gtx-2080-release-date (http://www.alphr.com/technology/1009804/nvidia-geforce-gtx-2080-release-date)

Currently too expensive for the performance.

There's only a few difference between the Pascal series and the new turing series. The only thing that makes the "Turing" expensive, as stated by Huang is the Ray Tracing Technology which is 8x faster than 1080ti. But that is that the overall performance of the card. It can easily be noticed that the cuda core count and bandwidth speed is only a little bit higher than 1080ti. The only reasonable priced GPU will be in the range of 2060 that has no ray tracing technology.

only if rx 580 reach 100-150$

in my country, in the biggest retalier , the cheapest RX 580 4GB costs 315$ more or less.

the real deals are in Ebay.

I got my Asus RX 570's for £180 in April 2017.
Until now they're still selling for more than that in the UK. I think some retailers are sitting on stock and still live in lala-land (expecting to see them go at £300 still...). I think the prices will come down more in the next 3 months.

Right now would be great but once ether goes pos what do you mine?  When and if pos goes into effect all the ether hashing power is going to go to the other coins and make them all unprofitable.  I'd love to build more rigs but I can't convince myself their are going to be other coins worth mining.

No the market is still way too high, also with the upcoming release of the 11 series I think you are better off waiting.

I'd pass on the new cards at the current prices, to be honest.  If I were going to buy gpu's right now (which I'm not), I would try to find deals on 1080ti's or Vega's.

In France, you can find some SAPPHIRE NITRO RADEON RX 580 8G for 210 euros if you search well ;)

Isn't Casper being delayed for two years, maybe a little less?  Sometime in 2020?

It's still good time to buy GPUs because most coins will continue to be asic resistance,no matter what, some coins have custom algo and they are basic resistance to ,gpu mining will survive for a very long time

Difficulty is too high, price is too low. FPGA are coming. Don't think that it is good time to buy GPUs. But one can find realy good prices :)

FPGA's boost in hashrate is relatively low than what ASIC's are capable of. With new GPU's coming out this september, we would see another hashrate jump again.

That would be awesome, I din't know.   ;D

Depends on how they hash.
They are priced too high for gamers, and hash too slow ( estimated ) for miners.
That would be like saying the Nvidia Titan V was going to be a threat to other miners.
Yes it hashes faster but price/performance ratio is way too high.
The 2080 Ti will have the same problem.
The only place it could be competitive is with Ethereum due to the GDDR6 Memory, but even then used 1080 Ti still beats it.

We will have to wait til AMD comes out with their Next Gen GPUs before anything will change in mining.

Still depends on your electricity cost because those cards would definitely give out some reasonable hashes but profitability would always matter minus on the expenses. $100+ each on RX 470s wont really be a bad deal though.

Bitcoin= Asic Miner, Most altcoins in the market = GPU which means they are different and having low price of bitcoin doesnt mean the mining difficulty is low too. Take a look in the chart https://www.blockchain.com/charts/difficulty

I just don't see new gpu's being a reason for a jump in difficulty.  Price and performance is going to prevent them from being mass bought for the sole purpose of mining.  Maybe I'm wrong, but I won't be buying any.

Well, if you have a lot of money in spare then you should buy GPUS and mine some good altcoins which have some future. I have seen that the GPUS are getting cheaper just keep checking Amazon and bitcointalk some guys sell here the GPU stuff at very cheap rates.

I also think so. The price at the start will be too high, and the hash is unknown. Miners won't buy them massively for the first year, I think.

Yes FPGAS seems quite pricey for the hash they give, if someone has fre power better to stick with gpus.
The power saving is massive on them , as it means you can mine the coins even then when it is not profitable to mine with gpu and get back your ROI.

there are many idiots out there hehe, imagine one rtx 2xxx for each idiot, reminds me of some idiots were planning to buy a 32 cores cpu to mine just like many bought titans v at $3000 to mine.

I think it's good time to buy GPUs. Prices have dropped down to reasonable levels.

When crypto prices go up again, so will GPU prices. You need to get in before the herd.

Agreed same investment , crypto and GPU goes hand to hand!

I'm also waiting for the Huge leap of AMD to NVIDIA. I've waited for turing for long but i got disappointed. This Ray tracing thing is being marketed by them but actually had little use at all to the overall performance.

where i live, prices are still the same, rx 580 still sold for $330 and gtx 1070 for $550, well i guess prices are dropping only in places where there are many miners around and where i live is not one of them, for prices to be the same as it was in January 2018 means there are no miners around here hehe

Buying a $3000 worth TITAN V is the best example of a mining idiot who doesn't deserve to ROI. I don't really understand the logic behind why people buy those but i'm guessing they already have a lot of money to begin with. People with less money rarely have the luxury of making stupid decisions like that.

If i had a lot of money, i'd have rather spent it wisely or donated it to charity.  ;)

at that time vega, gtx 1080ti were being sold for $1500, so for them even though titan v was $3000, it was cheap and a titan v was giving 7 usd per day, if we think about, at current profitability, anybody buying a rx 580 for $300 right now for mining is pretty much buying a titan v for 3000 usd at that time, 3000 / 7 = 430 days + electricity = 450 days give or take, right now a rx 580 is giving $0.30, so 300 / 0.30 with electricity included = 1000 days, i guess buying a titan v was lot more stupid cause the profitability could not have sustained, right now yes and it will likely increase, a wise man once said, buying when it crashes, never when its all time high, anyway titan v at that time or rx 580 right now one at beginning, the other at the end, the middle is called a miners idiot spiral and when both meets, credit card is earning their money back hehe and the idiot is in sorrow, this reminds me of the gold rush hehe

Well, using a celeron or igpu or both to mine was a lot worse than buying a titan v for $3k hehe

Well the Titan V is a special GPU because from what I recall its pretty rare.

Basically like the Radeon 6990, Radeon 7990, R9 2x295, AMD Dual Pro Duo, etc.

They will generally hold their value much better than other cards. So like Metroid said, it really depends on how early you got them to the point where they might of ROI'd quick.

Right on the spot, mining has to be as efficient as it could be , cheapest and reliable parts, which will give you the best prices per hash and best hash per power. This is the only way to make good profit in mining

I dont like it to say it but I think the gpu time is over { or you have a 1080TI or similar}. The time of the asic has become quit for a wile. I rather had GPU but the mining farms with the ASIC the normal miners are forced to switch ASIC if they want a normal profit.

Hold your ground guys, the new RTX is not worth to even try.
So, the ASIC company will be more aggressive to enter the market I think. NVIDIA just rolled their blunder this time. After that, before even try to realize their mistake, NVIDIA profit will be then killed by Xilinx.

Nvidia 10 series and Rx 500 series were cheap prices right now in our country. Hoping this year end, the price will bounce back. I have 11 amd cards still in my hands. I am also researching what coin will I mine this time that will be good in the near future.

Xilinx are not capable to produce enough cards unfortunatley :(

Or fortunately for the few who have or will get those :)

In my opinion, should invest in GPU to exploit ETH, at current ETH price we can still earn nearly 100% interest. Now is the right time

ETH, sorry  but it is not worth to mine ETH anymore. maybe if the price jumps to 800$/1ETh than it will be.

Unfortunately FPGA's are not for small people. It is also hard to sell that kind of hardware when a new one is out. With GPU's, You can still manage to resell it a half or third of the price.

Yes also true :D Thank you Xilinx!

If you got those FPGA's, probably selling isn't in your vocabulary

and would probably look for a better/next coin to mine, as it could also changed algo compared to ASICs

I've known a lot of ASIC's with almost low to no resale at all

and now a door stopper

It's a good time to SELL GPU's.

September 2017: I bought at MSI Duke 1080ti for $660 USD.
Today: I sold that card for $630 USD

This, after flogging it mining 24/7 for 11 months

Gamers are buying up 1080ti at the moment because 20 series is not great value.

Yeah the 1080ti has risen price wise.

As the 2080ti is running 1200 to 1400 usd.

I think the 2080 will be good value.

As for buying I am getting Msi Vega 56 new with warranty for 400 to 475.

What is the current daily profit for one now?  Seems like buying the coins low with the Fiat is a better alternative than mining, even with the FPGAs.

Its really depends on mining algorithm.
But on average they are fast as 10xRX580 gpu at same power usage as 2xRX580 which makes them incredible efficient.
If you have very cheap power or no power cost at all , rather stick to gpus as FPGA is quite pricey.

you must be selling to idiots, or paying fees to sell on ebay.

going rate for 1080tis on reddit is $500 shipped all day.

I bought Vega 64 at $550 on sale thanks to recent GPU price drop. It's a good and cost effective replacement for my 1080. Combine it with Freesync monitor and it will be more awesome.

I guess this time around that crypto is bearish maybe rig components as well as GPUs might be down also. Right time to buy is when crypto is down few miners will buy for sure giving huge discount by manufacturers. It is good time to mine ETH and other altcoins too but I'd suggest ETH.

It is always better to buy latest and updated versions for GPUs as they are more efficient and sometimes cheaper or slightly expensive than the older/previous models.The grey/used market is also a good source to buy GPUs and much discounted price especially when the market is down as newbies tend to sell away to cover the losses and exit mining

i personally think that anyone who buys a 20-series card for mining is going to get burned.

they are outrageously expensive, and it looks like they will use even more power (judging based on the HUUUGE HSFs on most models). I really doubt they will be much, if any, more power efficient than 10 series cards.

i'd love to be wrong, but i just dont see it.

for example, a 1080ti is the most power efficient card on ETH with the ETHpill.

50-55 MH/s @ about 150-160W. and they cost under $500 right now.

if you assume the 20 series cards will be the same power efficiency, this is what kind of hashrates they'd have to produce to justify the price over a used 1080ti. (based on EVGA prices for the cheapest 20 series models they have right now)

2080 - 80MH/s
2080ti - 120MH/s

i just dont see that happening.

I think it is better to wait for a new launch GPUs. Which Eth  price low. than GPUs buy real time.

Yes i expect them 20-30 % only more efficient, but also as ethereum mining is Memory focused , none has tested yet how GDDR6 could work.

If we undervolt the 1080Ti more, then it is more efficient than the 2080Ti. The price will be much lower.

Mining should be looked at as if it was a long term position, and the assets or coins that are received should be held or HODL, lol.  After a few years, these coins will be normally worth many times the price that they were at the time that you started mining them.  For instance when I started mining Ethereum it was $8-$10 or so, and it's now had a high of $1,417.  My personal opinion is to not sell your mined coins until it's extremely advantageous to sell them.  As to whether or not it's a good time to buy GPU's, the answer really lies in your personal finances, and if you'd like to purchase additional GPU's or not.  If you'd possibly have to sell your mined coins due to having purchased more GPU's, statistically speaking it would be more adventurous then for you not to at this time.  Although if purchasing them wouldn't hurt your financial status and you'd be able to continue saving your mined coins, then purchasing extra GPU's and miners is always a great idea, in my humble opinion. I hope this helps.

mimagneto