|
Title: insane prices for GPU Post by: deskless on January 10, 2021, 05:28:06 PM GPU prices are insane. Selling 570 for $330, 5500 for $699 at newegg
Title: Re: insane prices for GPU Post by: HagssFIN on January 10, 2021, 06:01:36 PM That's the effect of the FOMO (fear of missing out).
Sucks, huh. Title: Re: insane prices for GPU Post by: miner29 on January 10, 2021, 06:06:37 PM Generally refered to as : Supply and Demand
Title: Re: insane prices for GPU Post by: Ryushin on January 10, 2021, 06:07:19 PM This always happens whenever there is bull season, every bull season mining always become insanely Profitable so it's normal to see another rise in gpu value on the market, on ebay the RX470 and RX580 are still selling for 250$, months back it was 150$, even the 8gb VRAm variants
Title: Re: insane prices for GPU Post by: deskless on January 10, 2021, 06:35:29 PM Now it's going to be a pain to build mining rigs now, this is why I keep saying that everything about crypto is perfect timing, when Ethereum was still at 600$ was a perfect spot to quickly buy graphic cards but many still have doubts if bullrun will affect altcoins too, I don't blame them, now if you aren't that richy rich you gotta wait until bears take over crypto market once again to buy GPUs at cheaper price ETH hashrate is reaching new high every day. I am sure other coins is having similar high hash rates.. So definitely new GPUs are coming to the network. Just that we can't purchase from a regular places like newegg/amazon but big miners can just get it from someplace we don't know Title: Re: insane prices for GPU Post by: batsonxl on January 10, 2021, 06:49:21 PM GPU prices are insane. Selling 570 for $330, 5500 for $699 at newegg it is good time to sell gpus. wait and be patient everything will be okTitle: Re: insane prices for GPU Post by: mak013 on January 10, 2021, 07:19:11 PM Looks like that soon i can sell my 3 years 1080ti more expensive than i bought it in 2017. And GPUs that i bought in 2020 can give me about 30-70% profit
Title: Re: insane prices for GPU Post by: bobben2 on January 10, 2021, 07:28:06 PM If it continues like this, then maybe I can sell my RX 470 8GB cards for the same I bought them in 2017...
Title: Re: insane prices for GPU Post by: smoolae on January 10, 2021, 09:30:04 PM It's exactly the same situation as we had back in 2017. Demand rises sharply but supply cannot keep up, so the prices rise as well.
I saw how used RX 570-580 cards went for under 100eur a piece here for almost 2 years and now the prices have started to rise again. Title: Re: insane prices for GPU Post by: adaseb on January 11, 2021, 04:52:04 AM This situation is not exactly the same as 2017 and 2014. Back then every GPU was inflated because almost all GPUs could mine ETH at the time. Even if they couldnt mine ETH they could mine ZEC like I did on my old 280X.
Right now even GPUs like the 4GB models of RX 470/570 are crazy inflated and its mostly due to covid. People are stuck at home and bored and nothing to do. The people who are buying these GPUs are not miners, since you cant mine with them, they are gamers. Ive been slowly getting rid of my old RX 470 4GB since 2018. And prices now are 50% higher from a year ago AND you get them sold usually within a day or two instead of selling a couple every month. Best time is to sell your 4GB right now. Title: Re: insane prices for GPU Post by: Claudio99 on January 11, 2021, 08:04:14 AM GPU prices are insane. Selling 570 for $330, 5500 for $699 at newegg If bitcoin and ETH price keeps surging a RX570 can cost up to 400$, the higher Ethereum goes the higher the mining reward, so sellers have no choice than to sell at high price, only 4gb VRAM graphics card are obsolete for mining right now |