Bitcoin Forum

Why are people buying numbers of 3070 GPUs when they have get 60mh for less dollars? A good example is 3070 61MH @ 1250-1500$   VS      2x GTX1660 Super 62MH @ 880$, tell me which one will give you ROI faster or is there something I don't get here? I have a 3070 but I don't plan on buying more, their ROI is way longer ( 9 to 12 months)

Yes unfortunately you cant explain it to people. I tried and now ive being hated from 2 of my friends. I think it is fomo buying thing

That's correct 😌 actually many don't care and some don't really understand, they thought the bigger the card the better for mining, imagine someone telling you that latest GPU architecture are the best for mining lol, people like learning the hardest ways

Higher end GPUs are only good if you can get them at MSRP or a bit higher than MSRP, anything higher will only make your return of investment longer, this is why I bought two Vega 56 GPUs at 600$ each and they are very close to 50MH per GPU drawing 115watts per card, sometimes it takes calculations to get the best for your dollar before buying GPUs

Its frustrating to see people snatch up expensive cards when they could easily make more with less but some of it's due to simple availability and people not wanting to wait to get in now. People rarely look at anything other than the highest-priced card. Going even further by finding the best OC settings across various cards it is very easy to find which cards are also the most energy-efficient. When we are competing with rising electric rates this becomes just as important as hashrate. Finding the best balance between hashrate and efficiency is key in staying profitable.

> 2x GTX1660 Super 62MH @ 880$

Where are you seeing these prices? :)

Where I live 1660 super are being sold for 600 usd each, 3070 for 2000 usd, to me whoever buys these gpus for prices like will lose big when the times comes, in my case is better be safe than sorry, for those people, better be not safe than sorry ehhe

Keep buying trolls,idiots, people with more money than sense and son on for 5 to 10x the msrp and then do not worry there will be lot of people to buy your gpus for 50% to 70% lower than msrp later on hehe

Me too.  Agree if I could get 1660 supers for $300 I would buy them all.

I invest in GPUs to avoid inflation, in my country we don't spend dollars and our currency is falling hard, keeping cash will keep ruining everything for me so I buy GPUs for mining and I'm making the money back, this time turning them into USDT, just because people buy expensive GPUs doesn't mean they put in all the money they have, if bear market comes I'm ready to buy 800MH more cos I have the money

I think of various reasons.

1 - Mobos limited amount of pci-e slots.
Some might prefer having a single rig with higher hashrate due to limited space, power, w/e
Thus single PSU,Mobo,RAM,CPU ​+ 6 x 3070 rather than or two PSU,Mobo,RAM,CPU + 12 x 1660   

2 - Efficiency
single 3070 take less wattage than two 1660 (not sure about this).

3 - Not for a dedicated mining rig.
Purchasing single GPU to add into older PC with just two pci-e while keeping the old GPU as display device for daily use.

No you are wrong, with T-rex and absolute core clock features your 1660 won't take more than 50+ watt and still delivers 30MH per second, this is on par with a rtx3060ti or 3070, can even be better if you are lucky on silicon lottery

Are you from Africa? Cos that's the exact amount a gtx1660 super is been sold in Africa, the only place you can find a 1660 super for 400+ is in China through Chinese wholesalers

There is also something about non expensive GPUs

1. You will need more risers
2. You will need more motherboards with enough pcie slots
3. More power supplies

And all this will cost you more electricity consumptions, some people intentionally invest on bigger cards to avoid all this

Yes high end GPUs are costly but they are built in just few numbers, having two 3060ti will give you 120MH with less heat and less space to run them compare to buying 5-6 gtx1660 to achieve same hashrate which will cost you some numbers of risers and also spaces and also more heats

Of course there is more density at the higher-end GPUs -- but the *hardware* cost per Mh/Th is almost 5x different...saving even 10% in power/density costs is swamped by the initial cost difference.

False

With the new NBMiner update, the 3060 ti card was able to hit 40.5MH/s. That's a 35% improvement over the 3060 Ti LHR's standard hashrate of 30MH/s.

How you get 120 MH with 2 3060 ti?

Do you ppl check how much the Nvidia with LHR cards produce RVN? thats the key why this happening.

https://www.kryptex.org/en/best-gpus-for-mining

lolminer was the first to partially unlock lhr gpus, probably nbminer used the same approach lolminer used.

There are also 3060ti not LHR…

This is highly dependent on the prices of the video cards in the store and their availability for sale. And in other countries, the prices and availability of video cards are different. If the price of 2x1660 and 1x3070 is the same, then it is better to buy a more modern card, which will be relevant for many future mining algorithms.

assuming eth break 10k and they holding the earning from now on, thats should be profit and roi at the same time, under 3 months, thats why ppl still buying gpus betting same things happen in the future, altseason is coming that for sure

They stop making then lot time ago, is not possible to find a card without LHR right now. (range from 3060 to 3080 ti, 3090 dont have LHR). Is like they don't exist anymore.

You should probably start ordering for GPUs in China, the sellers always tag which is LHR and which is Non LHR and they are always right, I've bought a 3060ti and 3070 that aren't LHR 5days ago

I like and prefer higher end GPUs for mining because they are easier to maintain, more GPUs you have more headache in looking after them that's even after setting them up and running but I can't buy 3070s and 3080s at present price, maybe when they start selling for 700$ each then I will start buying, for now gtx1660s and two 3060/3070 are my last, waiting for what the next market trend is going to look like

I bought 3070s for many reasons.
1) I can get decent mh/s on one rig not have 2 rigs. Used all old stuff I already had with new corsair psu's.
2) Power is highest price in world where I live, currently almost 1/3 my income goes straight to power (more if there is no sun for solar).
3) If something does happen and mining is not worth it 3070 are sell able, 1660super good luck selling tons of them for decent price. At least in my location.
4) Setup cost was pretty much risers, gpus and 2 psu so roi is quicker. 1660supers would mean need way more setup gear.

As I said in other thread a last week, Still plenty of non LHR 3070 and what not in Australia. Most retailers will state LHR or V2 or R2. Anything not with that is full hashrate model.
Also the non LHR are selling for more then the LHR ones obviously.

It still depends on how much you buy your GPU, I bought gtx1660 350$ to 450$ and I bought my 3070 for 1400$ if bear market comes believe me a new 3070 will cost 700$ at the time that's half of the price they are been sold right now

If history serves, in 2018 a 1080ti was being sold for 2000 - 3000 usd and when bear market came, it crashed below 400 usd, its msrp price was $699, meaning any gpu right now will at least crash 50% msrp at best, so a 3070 will be found second hand market for 300 usd or lower, like 2018, will be so many second hand much cheaper gpus that manufactures even at msrp price will take months to sell few gpus, why would you pay 500 usd while you can buy 300 usd for a 3070? the more gpus miners bought and made all this scarcity will be the more gpus will be for sale very cheap when there is no more to gain from mining and we will have many months of negative profit just like 2018 to 2020 or 2014 to 2016 or 2011 to 2013.

A 3070 can crash down to 300$ ?? 🤯🤯 Then I will easily build a 2GH mining farm, I've bought GPUs for high price already but this cheap won't stop me from using all my money on GPUs I swear, let is come let it happen I will gladly take advantage of that and I won't regret that I bought 3070 at 1350$ each, I hope this happens

See that is the issue with you trolls, right now a 3070 is giving positive gains, reason you bought for 1350 usd, now imagine a 300 usd gpu giving negative gains, i mean having to pay to mine, would you still buy? if yes then welcome to a loser's game and a lot of debt that even if another bull market happens, you will see how stupid was to mine for 24 months without any profit and have to sell coins to cover expenses and nothing more and in the end only mismanagement mistake will remain that is why most will fall.

Truth is, most of you trolls never learn anything from this market, some trolls learn and those trolls have been doing great. This market is cruel, be smart, dont be a sheep, dont rush, time the market and be a winner.

There are 2 opinions, one from a beginner and the other from a professional.
For example, a professional has 50-100 video cards, and he has a choice about buying video cards. Of course, he will buy more expensive video cards to save space and not service a huge number of video cards.
On the contrary, a beginner will buy a cheaper video card, because if he buys an expensive video card and it breaks down, then he will cease to be a miner for several months :)

I was around in 2018 and I remember that at the beginning of the year, the 1080Ti which was suppose to retail for $700 or so was being marked up to around $1000-$1100 or so. We were calling people "nuts" for paying $1000 for a $600 GPU. I am pretty sure it never was being flipped for $3000. The bear market came VERY quick and people got cautious very quickly. Then perhaps on eBay you could of found some 1080Ti for around $400 or so.

Was similar in 2014, the R9 280X which was the popular mining GPU back then was retailing for $300 or so. Surprisngly there wasn't too many people flipping those GPUs. However a year later I remember selling a few of those for almost half of what I paid for them. Maybe $150 or so. Same with the R9 270X gpus of the time.

So you can say it might be worth only 50% of MSRP, not of a scalper price. However with the chip shortage going around. No idea if that will be the case this time. In 2014 and 2018 there was no chip shortage.

Cover what expenses? Don't use your country's electricity bill to compare to others, in some part of the world electricity is almost fee lol as for me I'm using energy from the sun and that's free money either mining is profitable or not, even if my 20$ per day turn 5$ per day I'm good

It seems to me that in 2014, few people were engaged in mining.
In 2017, there was a very high demand for video cards and there was nothing to buy in stores. This lasted for several months, but in the second half of 2018, mining ceased to be profitable.
Graphics cards that people bought for $ 500-600 sold for $ 150-200.

Icolor gtx1660 supers are available on Alibaba and AliExpress for 429$ to 440$ as we speak I think that's where OP gets the value of the cards too, I will just wait it out to see how mining performs by January 2022

If I buy a video card for $ 440 in China, then I will pay another 37 dollars in tax. and 1 more month of waiting
In my opinion, it is better to buy these video cards in my country for $ 500.

That is if you can get them in your country for 50$ more, in my country I don't pay for tax when ordering items from China but GPUs are too costly, you can't find a gtx1660super for 500$ here, they start 660$