Bitcoin Forum

Do you think is the right time to sell old GPU like RX470, RX480, GTX1070 ?

Your question is like a unresolvable paradox.

If I say yes, then maybe I just want to buy your GPUs cheap. But what if I'm dumb and I tell you it's really a good decision to sell them right now and we break down the prices by dumping a lot of used GPUs onto the market....?

I'd rather say nothing at all.
:D

The good time for selling was about 6 months ago.

May I know the reason of selling? I am the one who is trying to enter the mining business LOL sometimes some tiny information will be huge help for me.

We are in a special situation as used GPUs won't get significantly cheaper but mining profit does not seem to change either (not to the upside) considering all the coming new mining HW (FPGAs expecially).

more or less: right now only those with very cheap power are making profit. unless you get the hardware very cheap you are generally looking at a ROI of years, and thats no guarantee.

personally i am still running 470 and 1070/1080 class cards. i retired my power hungry 380/390s over a year ago. so very meager profits at the moment.

GPU price is depends on current demand of GPU card because resale value is little less in GPU so you will never get good profit in old GPU. But If your country is supporting to mining platform and cheap Electricity is possible in your country surely your old GPU will get good profit in this scenario.

Yes, if you have problems with:

• The Electricity costs
• The Internet fees
• income
• The Room rent (If)
• your neighbors are disturbed because of noise
• or you will retire

I still wouldn't sell them, there is a massive talk about GPU rentals for mining and it's related ICOs. And everyone knows rx 580 and etc are great for mining, so who will buy 24/7 used GPUs ? Personally I wouldn't, prefer to pay more and get more (You get what you pay for, not always but usually).
Also don't forget that you can mine not only ether but other coins too, for this reason I would keep Nvidia cards and maybe sell RX series, you know there are already ASIC miners for ethereum.

Right now it's hard to sell GPUs.
Most miners don't buy GPUs anymore and most gamers don't want them if they were used for mining.
I decided to sell my GPUs, but there aren't many interested buyers so I will keep mining until someone buys them.

I think it would be a great time to sell the Rx 470 especially now that the Rx Vegas are down on price too. You can upgrade to a real profitable Gpu miner with the Vegas series as they can do really well mining Monero V7 algorithm. The rigs with Rx 470/480/570/580 are not that profitable anymore.

If you can find a buyer which can pay a price of up to 200 Euro or a bit more for a card it might be a good idea to sell those. The Nvidia series 1070/1080 are still more profitable than Rx series mining some specifics coins.

Don't sell them on Ebay as it is not worth it as the price is down there right now.

If you're currently mining and selling right away, then yes, it's the time for you to sell them. However, if you're having a macro-strategy, and you're not selling the coin right after mining it, then you should continue mining (of course, only if it's profitable and gives you in return your electric cost + some profit) and just forget about selling it.


So true. In almost all of the GPU-buying related ads, gamers clearly mention that, "don't dare to contact me if you've used the card for mining!" ::)

If you do saw you are not already profitable.Why not?
I have a rig composing of mix rx470 and 480 but due to difficulty together with electricity bill i do have result on negative profits.If you are mining just for hobby and passion then dont sell it but if you
are after with profits then sell it up just to cover up a part of your capital.

I think selling your items in general will only be based on your discretion and reason regardless of the price(as we know right now that the prices of second hand GPU is dropping due to mining decline). So if you really need the money then sell your GPUs.

I believe the RX 470s are actually one of the most efficient GPUs out there for mining Ethereum (in terms of everything, cost, efficiency, etc) so i'm keeping them since they're all paid for anyway. To hedge value i've sold my RX 480s. The 1070's i'm keeping so i have a more diverse mining capability.

Other than those and some Vegas (for cryptonight coins), i've sold everything else.

The event of ASIC and FPGA interventions with supposedly ASIC resistance coins were once again threatened
gpus

Monero forks were helped me decide in keeping my gpu's to hang on

with todays coin prices, no profitability made those GPU owners to sell off

I've had this issue in the past when I actually was buying GPUs for mining, I didn't want any that was used in mining either.

The reason why is because the older GPUs like the 280X, they used massive power like 300 Watts per GPU. And most people who mined with those GPUs probably didn't have adequate cooling and the fans always ran at 90% and were near dead.

I noticed that most of the ones on the market however were mined with because the seller had no idea what the current gaming titles were or anything about high spec PC components like which i5 or i7 CPU to get, RAM speeds, etc.

However in the end its impossible to prove if it ever was mined with or not. Some non-mining GPUs can also have dead fans.

That's right, I have 2 (280X) and to reduce heat I add VPM at every angle, this can reduce 2-5 degrees. I lowered the GPU clock and fan settings at 80%, I recommend for anyone who has this card it's better to pay attention to replacing the processor paste.

With current low coin prices GPU mining is unprofitable unless you have very cheap electricity. Im afraid that selling your gpus right now will not give you the price you are hoping. I'm stopping mining as soon as I have enough for a MN and I wont sell my cards. I suggest you keep those cards and wait for a speculative coin with low difficulty and potential to appear. In the first few months you can mine a ton of coins.

I have also stopped mining with my small rig week ago, and today I wanted to clean and prepare them for selling (1070/1080TI AIB models), But I found big problem! somehow the  Aluminium Heatsinks started to build white corrosion right under the fans, they were fine when worked week ago - but now I don't know what cause it and how to remove it- Any Help?

I suppose you live near the sea and the high humidity and salt in the air caused it. While the cards were working the heat protected them from moisture. You could try a high quality wd 40 anti corrosion spray. Its not electrically conductive so your cards should be ok. Dont buy that cheap Chinese stuff.

IMO, if the GPU passes the stress test, it proves that the GPU is still in a very good condition and can still live long enough; rest depends upon your luck.

i think it right time if you mine around 1-2year  it time to sell it and collect that money to buy new nvidia card in this month or buy some coin you like

As of now difficulty, electricity and hash rate may shoot you up but for these things you should not sell your rig or cards to the mining marketplace. I see the people still have the faith on mining field to make the money out of it buddy.

Really want to know the reasons why you want to sell your cards?

If you have any personal problems to sell please bear for 2 months from now. Then you may find the good rate for your rig and you can sell it at that time.

Yes except most people won't let you test out the GPU prior to purchase unless you are buying on eBay.

Most private sales happen in public areas for security and nobody will bring their entire desktop computer with monitor and mouse.

90-95% of the time the Craiglist sales are honest however and they usually sell working GPUs, its the other 5% you need to worry about.

I bought and sold tons of equipment on Craiglist, if there is something wrong with a part like a dead fan, I usually document it.

Worth selling if you find a buyer. Soon the market will leave the cards of the new generation and maybe already came out.

There are a lot of desperate sellers in my area.  I bet most of them got in during the peak when they saw how much money they could make.  Now they are really stressing about  how much money they lost.

If you are selling hardware on ebay please be careful.  There are a lot of scammers on ebay usually sides with the buyer if their is a dispute.