Bitcoin Forum

The price of mining machines is about to rise. Now the prices of machines are very low. Is it a good time to buy?

The price will not rise in the bear market, it will fall because the profitability fall in the same way.

With energy prices on the rise, prices declining, hardware will become cheaper. You can already see it in the Videocard rigs. Getting lower and lower. If the bear enter to november, i know I will start my mining operations again. Simply they provide warmth and i expect the prices to be very very low. In a way it is cheaper and more fun to do. Don't know if bitmain will rise their prices, but they will be shooting themself, because with current difficulty and energy prices, miners have to dump their btc.

All prices for ASIC's decrease from day to day. I'm also waiting for the right GPU flood, at the moment used GPUs in Europe are still too expensive.

What is the current GPU price in Europe?

What? Mining prices are about to rise?   :oo is it December 2020 over again? Don't fool yourself newbie mining rigs, graphic cards and Asic miners will become very cheap from now henceforth because we are just getting started with a bear market, don't let anyone talk you out of this, wait for a while before buying graphic cards.

Same here. $300 for an RTX 2070 super, $290 for a GTX 1080 Ti or $400 for a RTX 3060 Ti is still too expensive. Prices have to fall by 20% before I consider building more rigs.

I look at the prices on this site, and I used to order various equipment there. I didn't have to apply for warranty.
https://www.computeruniverse.net

See America on this site
https://www.newegg.com/
It seems to me that if you find a good discount, then it is more profitable than buying used components.

There is a difference between ASICs and GPUs. If Bitcoin or Litecoin took a huge crash you could probably score some cheap ASICs. With GPUs it’s different.

GPUs have many other uses other than mining. Kids with YouTube use it for rending, some use it for AI, many gamers out there. Hence why they hold their value better. Especially now with all the shortages going on.

I think for people who want to jump into GPU mining prices are just about right,sure they may go down further after a couple of months but if I can make a 2500 USD rig with 7 x Rtx 2070 Super that would good for me,it means a near 300 Mhsh rig for just that price,it is doable right now and I don't consider it a really high price,of course taking into consideration that you jump in for the long term profitability and not to just jump in to make a quick buck,if you do so to make a quick buck this was never beneficial nor it is now to anyone.

It seems to me that the whole market of video cards depends on the price of bitcoin. If the price of bitcoin falls, then the price of all altcoins that can be mined on video cards will also fall. Even now, there are very cheap prices for video cards on the market, and Ethereum mining has not yet ended.

Today's video card prices are still above MSRP for the most part, which isn't cheap. I regard 'cheap' as at least 10% below MSRP. Once the RTX 3060 dips < $300, that is cheap. But there has been no decline for most models over the past 15 days despite the huge crash in BTC price.

I think the 15%/month decline we've seen for the past 6 months will continue for at least 2 more months. It will probably stay static after that until PoS. So I won't build rigs now.

Yes but there are also risks as well since GPUs innovation move faster than ASICs. While ASICs are very controllable by a few distributors/manufacturers. It's like one easily being sold to the open market with a lot of uses vs one with narrow and limited use. Niche does have some effect on its price too, that's what I want to say.

Graphics cards last longer than Asic miners, if you don't make back your ROI on Asic in just 3 years max you are a goner, Graphic cards can stay profitable for many years before running off the lane, RX 580 cards are mining beast since how many years already?.

Even in prior bear markets like 2015 and 2019, there weren’t any crazy cheap GPU deals. Trust me I’ve looked.

There are maybe a few people that got lucky when someone liquidated an $5000 MSRP farm for $500 but most GPUs sold at average prices on eBay or Craigslist.

Only deals to be had were with broken GPUs. Such as dead GPUs or GPUs with dead fans.

Well true that..

However, I am able to obtain GPUs in bulk from my supplier lower than what Newegg is selling. PM me for details.

P/S not exactly an advertisement here but since the OP was talking about price increases..

I do not think. that it will be beneficial to video card manufacturers and sellers. Perhaps there will be attractive promotions, but soon the PTX 4000 series will be sold and the last series will be discontinued. You can buy used 3000 series video cards if they are in good condition.

This is feeling bottom-ish for gpu prices,

Calculated from bank loan, even if you zero electrical cost the bank interest is around equal to profit. Means, let's say for 3 years you are mining just to pay bank loan at zero electrical cost

Timing the bottom is also as hard as timing the top..but we are around the bottom area.

Buying bit by bit now and lower will at least give a soft capital entry.

If you study this scenario, then after the end of mining, the profit may not even be enough to pay for electricity. There will be problems with other expenses. There are no new coins for mining with a good profit now.
https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/

I'm not sure I agree with that statement.  At least not in USD.  Sure, valued in altcoins it might look like prices are rising but the reality is that lots of people overextended themselves to purchase miners and GPUs during the peak and are now selling them as fast as they can.  Valuation of miners in USD has been crashing pretty hard, so I'm curious why you think they're now going to rise as currency valuations are sinking like a stone.  Perhaps some statements about why you think the prices are about to rise would be beneficial to the conversation.

I don't think it will go like this at least not in the immediate future the market of all altcoins at the moment has a downward trend so there is no reason for a future increase in the prices of mining machinery certainly if we find something at a low price we have to take advantage / buy

Ethereum mining takes a huge part of the mining of all altcoins.
There is also a new ASIC that will make Ethereum Classic mining on video cards unprofitable after the end of Ethereum mining.
The video card market has very weak prospects
Antminer E9 2400MH / 1920W
https://bitcointalk.org/index.php?topic=5405339.msg60518757#msg60518757

In my area I started to finally see many miners who are starting to liquidate their farms. I think there is going to be a huge supply soon and it’ll be difficult to sell anything at a good price.

I think the best time to liquidate was a few months back when it was confirmed ETH would go 2.0 sometime in the Summer or early Fall. You would of gotten top dollar for everything and wouldn’t of missed out on much profits.

I am seeing the same in my city,if I go to the biggest local market place,I am seeing brand new Rtx 3060 ti for less than 600 EUR,to think that when I bought it in March 2021 I bought for nearly 1300 EUR.I took this example as for me the 3060 ti is the most efficient card,but there are tons of other options,for people who want to build rigs now,the Rtx 2060 Super for just 300 EUR is the best deal at 44 Mhsh,a rig with 7 such cards will cost you like 2200-2400 EUR at max which is a good one for me.I think now is a great time to build a hobby rig for people who always wanted to try mining during the time where GPU prices were skyrocket high.

If you buy a mining farm for a hobby, then you can buy this mining farm after the end of ethereum mining. I think prices will be very low and many miners will be forced to sell equipment to avoid losses. But for such a hobby you need cheap electricity.

https://cointelegraph.com/news/bitcoin-miner-prices-will-continue-to-fall-f2pool-exec-predicts

Everything related to crypto crashes with cryptos, so this is a troll thread.

Don't you think it's a normal FUD?
The bitcoin hashrate chart does not show the termination of the miners. Mining gives more profit than bank loans. But I don't understand why companies didn't sell bitcoin at $60,000
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y

The hash rate doesn’t tell much because there were a new line of ASICs released. So many could of shut off their rigs but they had the old inefficient rigs.

Regarding the miner output, I agree that I am surprised that they didn’t sell. They most likely assumed that $100K would be a great place to sell and like most missed their opportunity to sell at $60K.

I think that many miners sold for 60,000 dollars, otherwise the hashrate would fall and the miners would go bankrupt. Inexperienced miners will go bankrupt, other businessmen will take their place, because the profit in this business is good. The article says that well-known mining companies are doing great.

I sold at 60.000 dollars exactly in February 2021 to be precise at 59.800 dollars or 59.600 don't remember that well,but as soon as I sold I bought a new much more powerful mining rig which I am still mining to this day.I am surprised that the hash rate of Ethereum isn't going less than 10 P with the actual prices of it,in fact is well over 12 P right now.People who gets their payout in Bitcoin which many mining pools offer it as an option now are the ones doing the better as when the price will increase they would make a huge profit.It looks like even small miners are not capitulating and they are hoping for such price increases.

Ethereum is very cheap the mine as far as I know. I assume that its price could drop to $200 and it would still be profitable for some players.

It’s hard to believe in such a price, because the price of other coins will also fall. Or do you think that Ethereum will have problems or critical vulnerabilities that will cause such a price drop?
There is very little time left before the completion of mining, but at a price of $ 200 it will be difficult even for miners with free electricity.

What makes you think they will rise.  Adore and more people can't sustain theor operation at a loss more equient will come up for sale with less and less people looking to buy.  Simple supply and demand will prove out that prices should fall over time.  Easy equation tells you in a bear or falling prices hardware drops too, bull market arrives (confirmed bulls) then prices start to rise, as long as thearket is static with no new equipment.

Yes it is but every pre bear market I hear such things till coins hit the bottom and price crashes so much that nobody can believe and then is believable because is reality, have been like this since 2011. The truth is that both bull and bear market spoil people, so is hard to believe such price movement because on bull market price rises too much and keep rising for months till we hit that top and same thing happens in the bear market, price crashes and keeps crashing for months till we hit the bottom and people are not used to extreme price movement but is worse when it crashes because people lose buying power and that is what we call the reverse of affliction point and that is bad. So i would not discard the possibility of eth crashing to 200 usd or even less after the merge and the unlocking of those billions locked eth.

Also people fail to see things as they are, they think just because eth scam devs locked all those eth price will not crash too much, truth is if btc crashes to 10k and eth stays at this price nobody will buy eth, they will buy only btc because is a better buy and that bet is a lot safer, what determines if a coin price is good is what price movement dictates, so if btc crashes to 10k then eth will likely crash to 300 usd or even less even if those billion eth are locked yet and that will be a good hit in the back to many trolls that think that those billion eth locked represent a fail safe mechanism, it will blow their troll face hehe

Who do you think will sell Ethereum? There will be no miners anymore, and they are forced to sell part of their coins. Staking profits are small and will not give stakers many coins to sell. Will it be frustrated users?

You guys are totally and completely wrong. Bitcoin and altcoins will go parabolic soon and so the profitability of mining will go up several times. There was no blow off top so why do you expect a 90 percent drop in prices?
The fed will stop rising rates and crypto bull market will be resumed and all amateurs who sold their mining equipment will bite their own asses hohohoho

Are you talking about ASICs or video cards? With video cards, the situation is now very uncertain and after the end of Ethereum mining, such coins as Ravencoin or Ethereum Classic will not be able to give a good profit to all miners, so 30-50% of the remaining GPU miners will probably stop mining.

This isn't exactly true when you're pricing items in crypto, which I assume a majority of miners do.  Not to mention Nvidia's 4xxx line is right around the corner and current mining profitability has USD prices the lowest they've been in years. 

I guess to answer your question it depends on what you're spending.  If you're spending BTC that you've held since the peak, it might not be the wisest idea.  However, if you're spending fiat that you've got burning a hole in your pocket, it's probably not a bad idea to start grabbing a GPU here or there if you live somewhere that you don't have to pay to keep them cool.