friend wants to buy 3 GPU's ... should he ?

[FP91G]

I recently saw the news that the cancellation of mining on Ethereum was postponed to the 1-2 quarter of 2022, so we still have at least 4-6 months. Also, I recently heard about the sale of new powerful ASICs for mining Ethereum, so this year we will still be able to see a hashrate of 1000 terahesh.

[adaseb]

I wouldnt pay scalper prices for them but if he can comfortably mine with them if the price drops 30-60% and can mine for 18-22 months without any financial stress then it should be okay. I personally always look at the current ROI and multiply it by 2. If I don't mind running them for that long and it won't cause me any additional financial stress then I would do it.

Find the cards with 36 months warranty, it becomes a free lease of the cards to mine with if they break under warranty esp near the end and then return when faulty for refund or credit towards new ones.

Regarding the warranty.

There are some companies, Sapphire for one, where you need to be the original owner to get any warranty what so ever. They ask for proof of purchase and it needs to be purchased by you, so even if you get bill of sale from the scalper, it might not help you on the warranty concerns.

A few years back, for Sapphire you had to mail it somewhere overseas. No idea if they got a USA address these days. But I remember the shipping with tracking was extremely expensive and extremely slow. So it wasn't worth sending it in for RMA if it had minor issues such as bad fans. You would only use the warranty if the card was dead and unfixable.

[FP91G]

It is better to buy video cards in your city or country, so as not to work with an international guarantee. As a rule, the seller will reimburse the cost of sending the defective product if the warranty case is confirmed and the seller will also be responsible for sending a new product. But this is a very long process, which can take several months.

[realwhitewhidow]

I wouldnt pay scalper prices for them but if he can comfortably mine with them if the price drops 30-60% and can mine for 18-22 months without any financial stress then it should be okay. I personally always look at the current ROI and multiply it by 2. If I don't mind running them for that long and it won't cause me any additional financial stress then I would do it.

Find the cards with 36 months warranty, it becomes a free lease of the cards to mine with if they break under warranty esp near the end and then return when faulty for refund or credit towards new ones.

Regarding the warranty.

There are some companies, Sapphire for one, where you need to be the original owner to get any warranty what so ever. They ask for proof of purchase and it needs to be purchased by you, so even if you get bill of sale from the scalper, it might not help you on the warranty concerns.

A few years back, for Sapphire you had to mail it somewhere overseas. No idea if they got a USA address these days. But I remember the shipping with tracking was extremely expensive and extremely slow. So it wasn't worth sending it in for RMA if it had minor issues such as bad fans. You would only use the warranty if the card was dead and unfixable.

my friend is still very much on the fence ...   (and he knows he doesnt have much time left)    basically we are only finding about2-3 non-lhr cards in our country (belgium) atm :/
also,   im not sure how warranty/replacements will work,   when there are no non-lhr's left ...

[Williamm07]

10 month ROI isn't guaranteed because market can crash in coming months, if that happens your ROI will take longer to accomplish, can be up to 13months or even more, my advice is you need to be prepared for any possible out comes

[realwhitewhidow]

10 month ROI isn't guaranteed because market can crash in coming months, if that happens your ROI will take longer to accomplish, can be up to 13months or even more, my advice is you need to be prepared for any possible out comes

ofcourse,     for sure !

The way i look at it,   and i hope he does too,    is its an investment, and a gamble ..   hence, dont put money in that you cant lose, and dont expect , count on, or depend on, the return...

[VRMdude]

I wouldnt pay scalper prices for them but if he can comfortably mine with them if the price drops 30-60% and can mine for 18-22 months without any financial stress then it should be okay. I personally always look at the current ROI and multiply it by 2. If I don't mind running them for that long and it won't cause me any additional financial stress then I would do it.

Find the cards with 36 months warranty, it becomes a free lease of the cards to mine with if they break under warranty esp near the end and then return when faulty for refund or credit towards new ones.

Regarding the warranty.

There are some companies, Sapphire for one, where you need to be the original owner to get any warranty what so ever. They ask for proof of purchase and it needs to be purchased by you, so even if you get bill of sale from the scalper, it might not help you on the warranty concerns.

A few years back, for Sapphire you had to mail it somewhere overseas. No idea if they got a USA address these days. But I remember the shipping with tracking was extremely expensive and extremely slow. So it wasn't worth sending it in for RMA if it had minor issues such as bad fans. You would only use the warranty if the card was dead and unfixable.

Yeah as you rightly point out the warranty is usually none transferable and in general i find it better practice to buy new cards from respectable vendors even when prices are inflated in order to gain the warranty benefit and being an AMD fanboy thats often 36 months of cover thrown in. It makes me laugh n scowl a little when i see cards on ebay offered "still under warranty". Another matter to consider is if you pay scalper prices 100% on top of MRRP for a card from respectable vendor then your warranty is going to be 100% on top as usually they cant replace the cards because production ends and stock is zero in such a timescale and maybe at that point there is no high demand so much lower prices mean you have a nice juicy credit note or refund to spend. wink wink.

And as ever past performance does not guarantee future results.

[VRMdude]

10 month ROI isn't guaranteed because market can crash in coming months, if that happens your ROI will take longer to accomplish, can be up to 13months or even more, my advice is you need to be prepared for any possible out comes

ofcourse,     for sure !

The way i look at it,   and i hope he does too,    is its an investment, and a gamble ..   hence, dont put money in that you cant lose, and dont expect , count on, or depend on, the return...

Mining is fun too inbetween the upgrades ofcourse!

Also consider we are heading into winter and it might cost some (like me) the same amount of money a day to turn on electric storage heating than it does to run a rig and use that heat instead of paying for just heat so if you can calculate your ROI with free heating included its win win. Those with gas or larger houses might not have the benefit or rather the outright free heating just subsidized heating in part so if you can place the rig in a place that keeps a floor warm and turn off the radiators on that floor might be able to cut the heating bill rather than remove it outright.