Why are so many people dumping GPUs all of a sudden?

[adaseb]

Just noticed this trend.

Really don't understand why since the 470/480 are power efficient and still pull in good money after expensive electrical costs.

If these were the 280x/290 I would understand but why are people selling Polaris GPUs.

It can't be because of Summer starting since we are in the middle of winter.

It can't be due to low ETH,ZEC,BTC pricing since these jumped alot in the past few weeks.

[TheRider]

Vega?

[Subw]

Vega likely not gonna replace mid-range polaris

[adaseb]

Vega?

I doubt its Vega. Vega at best might produce 50% faster speed than RX 480 but it will also cost 300% as much.

It will be roughly similar to the Nvidia 1080 which is never the ideal choice for miners.

[Bananana]

Vega?

I doubt its Vega. Vega at best might produce 50% faster speed than RX 480 but it will also cost 300% as much.

It will be roughly similar to the Nvidia 1080 which is never the ideal choice for miners.

You sure its only 50% faster? I remember seeing some forum post saying 2-3 times faster but everything is speculation ... hope to get 1 soon to try out..

[adaseb]

Vega?

I doubt its Vega. Vega at best might produce 50% faster speed than RX 480 but it will also cost 300% as much.

It will be roughly similar to the Nvidia 1080 which is never the ideal choice for miners.

You sure its only 50% faster? I remember seeing some forum post saying 2-3 times faster but everything is speculation ... hope to get 1 soon to try out..

It will probably be slightly faster than Fuji is right now. For gaming it will be completely different however.

[t2yax]

I guess there is two possible answer
1. this is just coincidence
2. because of long ROI times,after deducting electric price from income,you need to wait at least 8 months which is long plus there is volatility at the prices this means risk.

[NeuroticFish]

This is just a shot in the dark, but maybe some invested for ZEC (maybe ETH too) mining and found out it's not profitable enough?
Although I don't know right now how profitable actually it is, I remember a thread with somebody complaining that he bought too many cards for ZEC mining...

[cptfisher]

well about my situation i can tell you that i am selling those as a customer did not finalize the purchase with us so i cant just keep them sitting here... my mining operation has already several furys and some 7950 in a dc   so... really i dont need those cards...

[Amph]

Vega?

I doubt its Vega. Vega at best might produce 50% faster speed than RX 480 but it will also cost 300% as much.

It will be roughly similar to the Nvidia 1080 which is never the ideal choice for miners.

i doubt it will cost 300% more, more like double at best, amd is notorious for cheaper gpu

i would prefer it to be honest for density, i always go with the biggest card in comparison with the best hahsrate and price

i don't like low very cheap gpu where you need tons of them o have the same hash

[philipma1957]

Just noticed this trend.

Really don't understand why since the 470/480 are power efficient and still pull in good money after expensive electrical costs.

If these were the 280x/290 I would understand but why are people selling Polaris GPUs.

It can't be because of Summer starting since we are in the middle of winter.

It can't be due to low ETH,ZEC,BTC pricing since these jumped alot in the past few weeks.

I was thinking the same thing.

I have 40 gpus  and the pandaminer. = 48

I would earn profit till june 1  then summer power price kicks in.

I am not looking to sell off all my gear now.   But I will be selling some now

 As I can not get stuck in May.

I have a guy lined up to buy  7 gpus and a mobo
I may sell 5 more gpus and a mobo

end up with 28 gpus and the panda miner  36 vs 48

[h311m4n]

This is just a shot in the dark, but maybe some invested for ZEC (maybe ETH too) mining and found out it's not profitable enough?
Although I don't know right now how profitable actually it is, I remember a thread with somebody complaining that he bought too many cards for ZEC mining...

It's actually more profitable to mine XMR currently, uses less power too. I mine a little over 1 XMR a day compared to barely 0.3 ZECs. At current prices, XMR profit is 4$ compared to like 1.5$ for ZEC (applies to me specifically). I just switched to XMR with the same bios optimisation I did for ZEC without any issues whatsoever. So the argument of selling because they invested for ZEC doesn't really hold.

My guess is this is a coincidence, unless these guys are thinking I might as well sell some polaris now before every one sells theirs when Vega arrives or whatever. But even if, Vega isn't due for another few months and I doubt it'll be as "cheap" as current polaris GPUs.

[Pennywis3]

Bah, what i would give to have so many cards, can barely even afford a used 7950 for 100USD 

[Eyedol-X]

Waiting on Vega here and to see what comes of Pandaminer on Linux.

Sucks most recent rumor about Vega stretches it out until May but other rumors says as early as March so people could be dumping ahead of that before the GPU price drop that's anticipated.

When the 1080TI releases, its like the 1080 will drop slightly, the 1070 will drop slightly, 1060, etc..

If Nvidia does this, AMD will price drop to be competitive.

[philipma1957]

Bah, what i would give to have so many cards, can barely even afford a used 7950 for 100USD 

I am selling a used 7970 for 89

Look in the market place

[molitar]

Yeah I notice most of these are 4GB they will definitely lose value when Vega is released.

I purchased 6 XFX 480x 8GB for this very reason for $225 during the sale.  They will hold there value unlike the 4GB cards.  8GB should be able to be sold for a while at the almost retail suggested price AMD said they should sell for.

[zzzzzzzzzz]

Vega?

I doubt its Vega. Vega at best might produce 50% faster speed than RX 480 but it will also cost 300% as much.

It will be roughly similar to the Nvidia 1080 which is never the ideal choice for miners.

May I ask what Web site you were looking at? Thanks!

Edit: I meant the used hw site in the OP, btw

[maxmad_x]

Yeah I notice most of these are 4GB they will definitely lose value when Vega is released.

I purchased 6 XFX 480x 8GB for this very reason for $225 during the sale.  They will hold there value unlike the 4GB cards.  8GB should be able to be sold for a while at the almost retail suggested price AMD said they should sell for.

I agree. 8gb cards are fine to keep around. I see price depreciation to $175 by March 2017 (low balling) for them but not below that. Not shabby at all. 4GB cards probably $130. I am going to let go my 4GB cards soon.

[adaseb]

You guys do realize that 8GB for most games is overkill and 4GB is more than enough.

Rarely games even use over 2GB these days.

[Amph]

You guys do realize that 8GB for most games is overkill and 4GB is more than enough.

Rarely games even use over 2GB these days.

this is wrong, and depend on your resolution, it's a known fact now that gamers don't want 4gb gpu anymore

my old 970 can't do shit anymore with the 4gb