gpu bubble well and truly bursting

[fistfullofbtc]

Delete a thread because you don't agree with it, bloody hell. it was an observation in the fact that pretty much in a week 1060 and 1070 sold out, still sort supply. i am looking to build another rig but will wait until a new graphics card is released.

[QuintLeo]

so in the uk it seems nvidia graphics 1060/1070 cards are now pretty much oos and selling on ebay for same price as new. So the bubble from what i can see is bursting, difficulty for eth has gone nearly 4x in few months. I guess everyone wants free money.

 3 months later and AMD GPU availability is still very spotty, prices are STILL up a lot - NVidia has seen noticeable improvement but it's STILL not back to where it was on pricing and availability in Febuary.

 Still waiting on the bubble to burst.

[QuintLeo]

i think that with BTC and also the Altcoins declining the GPU Bubble will burst

 I don't' think it's going to be a "burst" - what I see happening (to a degree it already IS happening) is a slow, gradual, fade back into pre-price-jump "got the rig running, keep it running as long as it's profitable, but don't build more 'cause I doubt they'll ever pay off" level of mining for most folks - and even the farms in the very low cost electric areas are going to continue to stay in a "slow grow if any at all" mode.

 At this point it would take a far larger collapse on the price of ETH vs $ to cause a "burst", and that just doesn't seem to be happening.


 The "bubble profit chasers" seem to have mostly faded away, now it's getting back down to us serious "for the long term" miners.

[philipma1957]

so in the uk it seems nvidia graphics 1060/1070 cards are now pretty much oos and selling on ebay for same price as new. So the bubble from what i can see is bursting, difficulty for eth has gone nearly 4x in few months. I guess everyone wants free money.

Delete a thread because you don't agree with it, bloody hell. it was an observation in the fact that pretty much in a week 1060 and 1070 sold out, still sort supply. i am looking to build another rig but will wait until a new graphics card is released.

the title was a lie  the day you opened the thread in july

and the title remains a lie as of today.

lastly the title was a lie  for each and every day it was posted.

to this day cards sell at a premium and the bubble is not burst until they sell at a discount.

[dave4925]

Your darn right, lol!

[maleemk]

Yup agreed with philipma. Lots of ASICs came and go and new released but GPU mining is still profitable and will remain profitable for a long time, new coins will come and make gpu mining profitable for example SIGT and DNR.

[Vitnatin]

Yup agreed with philipma. Lots of ASICs came and go and new released but GPU mining is still profitable and will remain profitable for a long time, new coins will come and make gpu mining profitable for example SIGT and DNR.

that is profitable only when you find good coins to mine when they first come out.

[Oakey22]

I think the bubble popped a few months ago when every man and his dog started mining with GPU's

[philipma1957]

I think the bubble popped a few months ago when every man and his dog started mining with GPU's

do you understand english?

the cards still make money

the cards still sell at a premium

that  is not a burst bubble.


maybe you are just fucking with my head.

[hanskan]

I think the bubble popped a few months ago when every man and his dog started mining with GPU's

do you understand english?

the cards still make money

the cards still sell at a premium

that  is not a burst bubble.


maybe you are just fucking with my head.

Maybe this guy has alternative meanings for words like bubble, popped/burst, dog and graphics processing unit. I'm still making money.

[philipma1957]

I think the bubble popped a few months ago when every man and his dog started mining with GPU's

do you understand english?

the cards still make money

the cards still sell at a premium

that  is not a burst bubble.


maybe you are just fucking with my head.

Maybe this guy has alternative meanings for words like bubble, popped/burst, dog and graphics processing unit. I'm still making money.

As am I

[QuintLeo]

Some of us were making money on both GPU and ASIC mining a YEAR ago - long before the recent massive profitability bubble hit.
THAT bubble is almost over, but it wasn't a "burst" so much as a "slow decline" caused more by massive new miner influx than any other factor - and it's not over YET as profitability is STILL higher than a year ago.

[philipma1957]

Some of us were making money on both GPU and ASIC mining a YEAR ago - long before the recent massive profitability bubble hit.
THAT bubble is almost over, but it wasn't a "burst" so much as a "slow decline" caused more by massive new miner influx than any other factor - and it's not over YET as profitability is STILL higher than a year ago.

My gpu's  have earned more then the power they cost for the last 13 months.

August of 2016  the gpus at home  were close to break even.

my asics have earned more then the power they cost since dec 2012  right after the first ½ ing .

I would say  gpu profits are back to just above levels
I would say gpu prices are a little higher then normal.

[dagarair]

Yep this thread is truly offensive.  My 180 machines make 8-9 bucks a day and cost me 1.80 to operate.  so a 379% profit margin.  Go ahead and take your money and put it in a bank earning less than 1% a year.  That's a great option.

All these newbies that jumped in while the market was redhot think this is the end.  In reality when you jumped in was the exception rather than the rule.

[zer0k]

The "bubble" has burst when we see new 1070's @ $320 or less, 1080's @ $420 or less, and 1080 ti's dropping into the low $600's

[antantti]

I say it again, there was a similar profitability boost in H1/ 2016 when eth went from $1 to $30, that lasted for months. Then came DAO hack and it was nothing but decline after that, September? ddos attacks didn't help. Just before it was about to go below $1/day/$400 GPU came ZEC.

To me GPU bubble bursting means panic selling where people that took a loan to build farm try to minimize losses. At that point, those that made roi have two choices left, keep on mining or shut down farm. Selling is not an option anymore, if you want to sell it's better to wait.

Question is, if you have a GPU worth let's say $500 that already paid itself and is still earning something, is it better to sell it and use that cash to something more profitable than crypto mining? Or just keep on mining? Or shut down your rigs and wait for the next crypto pump? Who knows?

Early 2016 when I was driving around to buy every tahiti/ hawaii/ riser I could find sellers always asked the same question, how much can it do per day? When I said maybe 2€ they were like "well if you already have the rest of the hardware and you have use for the heat then why not, good luck". But they really were not interested in mining anymore, they were almost laughing at 2€/ day.

Times went by, at some point 7970 roi'd in three weeks. They started to make some serious money. I started to invest that money elsewhere but that's another story.

Point is, when a $100 GPU made 2€/ day everyone was laughing, now when a $700 GPU makes hardly 3€/ day everyone is making waves.

This current bubble to burst only needs btc to go below $3000. But if it does another +100% every miner is so happy with their profits, they just completely forget that it would have been much better business to buy btc.

We'll see where cryptomarket goes this time.

[deadsix]

Someone please let my country's Graphics card distributors/retailers know the bubbles burst, because the prices sure as hell haven't moved an inch.

[QuintLeo]

The "bubble" has burst when we see new 1070's @ $320 or less, 1080's @ $420 or less, and 1080 ti's dropping into the low $600's

 Odd, I've NEVER seen any of those cards in those price ranges.

 1080ti pricing has been back to the pre-price-jump pricing for a month or more already (though availability is still a LITTLE spotty at times), 1070 and 1080 are still at a SMALL premium but at least part of that is probably the recent NVidia "price hike due to ram pricing".

 The bubble can be said to have finally died when we see AMD 470/570 cards start showing up well under $200 (my pair of Sapphire ref-type blower cards cost me around $160 each from NewEgg) and 480/580 cards start showing up close to or under $200 WITH MOST MODELS BEING IN STOCK REGULARLY.

[zer0k]

The "bubble" has burst when we see new 1070's @ $320 or less, 1080's @ $420 or less, and 1080 ti's dropping into the low $600's

 Odd, I've NEVER seen any of those cards in those price ranges.

 1080ti pricing has been back to the pre-price-jump pricing for a month or more already (though availability is still a LITTLE spotty at times), 1070 and 1080 are still at a SMALL premium but at least part of that is probably the recent NVidia "price hike due to ram pricing".

 The bubble can be said to have finally died when we see AMD 470/570 cards start showing up well under $200 (my pair of Sapphire ref-type blower cards cost me around $160 each from NewEgg) and 480/580 cards start showing up close to or under $200 WITH MOST MODELS BEING IN STOCK REGULARLY.

You need to look harder then

https://hardforum.com/threads/gtx-1080-for-420-at-ebay.1928637/

I'm waiting for 1080ti FE cards to go back to the low 600's on sale

[philipma1957]

The "bubble" has burst when we see new 1070's @ $320 or less, 1080's @ $420 or less, and 1080 ti's dropping into the low $600's

 Odd, I've NEVER seen any of those cards in those price ranges.

 1080ti pricing has been back to the pre-price-jump pricing for a month or more already (though availability is still a LITTLE spotty at times), 1070 and 1080 are still at a SMALL premium but at least part of that is probably the recent NVidia "price hike due to ram pricing".

 The bubble can be said to have finally died when we see AMD 470/570 cards start showing up well under $200 (my pair of Sapphire ref-type blower cards cost me around $160 each from NewEgg) and 480/580 cards start showing up close to or under $200 WITH MOST MODELS BEING IN STOCK REGULARLY.

You need to look harder then

https://hardforum.com/threads/gtx-1080-for-420-at-ebay.1928637/

I'm waiting for 1080ti FE cards to go back to the low 600's on sale

I sometimes get a 1080ti new for 625 to 650  after coupons

but I did get 1x asus 1080ti blower style for 639 -64 =  575  with six months to pay no interest. new

that was before cards had gone wild in price.  I recently got a zotac   1080 ti mini for 739 - 60 = 679  - 50 = 629

but that 50  was a rebate gift card for other 1080tis  so 679 was true price.  for new 1080ti