Is your local Craigslist / Kijiji flooded with GPUs ?

[Pennywis3]

Before the surge, rx 580 4GB was around $230 where I live, after the surge the same rx 580 4GB is now selling for $365, That is almost 50% increase. Insane.

I still do not see the price drop.

Yap, no price drop here either.
And no flooding of cards on 2nd hand markets.
People still mining strong i guess.

Maybe the recent market collapse will change this if it goes low enough.

[Za1n]

Before the surge, rx 580 4GB was around $230 where I live, after the surge the same rx 580 4GB is now selling for $365, That is almost 50% increase. Insane.

I still do not see the price drop.

Yap, no price drop here either.
And no flooding of cards on 2nd hand markets.
People still mining strong i guess.

Maybe the recent market collapse will change this if it goes low enough.

There is no price drop as of yet, at least compared to normal (meaning no or low miner demand). Also, you could buy the MSI Armor RX580 8GB version for under $230 before the price surge. I believe the 4GB version of the same card could be found for $199 back then, so current prices are closer to a 83% premium even now if they are selling for $365.

[QuintLeo]

Pricing has dropped SOME from where it got to at it's peak - but still quite a bit on the high side for any RX 470/480/570/580 card and availability is STILL very sparse and spotty.

 On the Nvidia side, even the GTX 1070 is finally getting back down to CLOSE to pre-surge pricing though availability is still somewhat spotty.

 STILL not seeing anything resembling a "flood" of cards on my local Craigslist - been *2* current-production cards advertised at all as stand-alone and 3-4 systems with "current" cards in the last month.

 Since I live in the Cryptocoin Capitol of the USA, that seems like a pretty strong indicator....

[fr4nkthetank]

nope, i'm still seeing crazy prices...I wonder, do they even sell some at that price   If you try hard you can buy on newegg for 300 to 375$ for a 570 4g to a 580 8g. (cad)  They sell 400 to 500.  I see posts like 70 brand new 570 4g for 500 each fixed price.  I cant stop laughing...surely no one buy a 570 4g for that price ?  that would be insane.  Especially when you can get a 1070 for lets say 550-600, and that with a markup.  The flood will only come after profitability is dead for some time.  they know lowering prices will start the avalanche, when it comes.

[Za1n]

Well, the high price points are starting to ever-so-slightly crack. I do now see a MSI Armor RX580 4 GB "on sale" (lol) at NewEgg for $289 (limit one).

We do have a long way to go as even with the recent plunge in difficulty as I still see many posts along the lines of "just have patience and wait it out a bit and profits will come roaring back". I think too many people are expecting a miracle recovery yet and will continue to overpay (just not quite as much) on hardware in anticipation of this.

The way I see it is we will need a solid month or two of downturn before any real ground starts to give way. Once people realize that the $300 they just spent on a new GPU is going to take 3 years (if ever) to ROI and they are giving almost all of their profits to the utility company in the meantime, will we start to see people quit mining and a real price reduction occur. But the way things look right now, even if the prices were to return to normal, it might be best to wait a bit to buy a lot of new hardware.

Of course everything I just wrote could turn out to be wrong if ETH shoots up past $1,000, and/or BTC shoots past $10,000 in the next month or two. In that case mine on...

[Metroid]

The inflated prices of gpu's will continue for a month or so however once the flooding of gpu's start then suicides will follow hehe

[ltcsprite]

The inflated prices of gpu's will continue for a month or so however once the flooding of gpu's start then suicides will follow hehe

Are we going to hold hands when we jump off the bridge together?

I hope so, Metroid. 

[Metroid]

Are we going to hold hands when we jump off the bridge together?

I hope so, Metroid.  

hehe, I guess if you are a miner then you go alone cause i'm not  aminer however if bitcoin continues to crash then is going to be my time to jump off the bridge hehe

[ltcsprite]

I'm gonna need someone else to help me carry all of these rigs with us to the bridge.

 

[Metroid]

Well I can help you with that hehe

[ltcsprite]

Well I can help you with that hehe

Thank you sir!   

[Mindin]

What should a 290x go for in your opinion?

[64dimensions]

I would think that January, after the holidays, with everyone spent out and the further intro of new vega models (nano), the demand for GPU's would be low.

[QuintLeo]

What should a 290x go for in your opinion?

 Ballpark $150-200, but won't see them THAT low 'till ETH profitability drops quite a bit more.

[ltcsprite]

its gameover trolls hehe

 

[GabryRox]

oh what a difference a few months makes in the crypto world lol!  Now, instead of CL being flooded with cheap GPUs, you can't find a decent mining GPU anywhere for less than 2-3x retail (including used ones) and CL has about 3-4x the number of "buying GPUs" ads than it does for those selling them... and the latter being at huge markups.

1 ad made me laugh... the guy was "generously" offering to pay "extra" for several models... like $600 for a 1080ti or Vega 56/64.  yeah... thanks for the offer man but i think i will sell mine for $400-$500 more than your "generous offer" on ebay lol.  Crazy kids ;-)

[gotminer]

Not much going on with my local CL ... Just one stupid fucker trying to sell a gently used 1080ti for $1500.  Yeah fucking right ... Lol ... I paid $800 each for six of them two weeks ago.  DUMBASS MOTHER FUCKERS WHO THINK THEY CAN PRICE FUCK.  Nope!~  I mean, the idiot only had one ... Who the fuck just wants to buy one?

[Undefined31415]

I see plenty of people trying to buy up recent high-end cards at ridiculously low prices, even if we didn't consider the mining craze. (E.g. $500 for a 1080ti, $350 for a Vega 56/64, $165 for RX580/570/480/470, etc.)

I wouldn't buy graphics cards, or most components, over Craigslist. I might miss out on some deals, but there's probably plenty of scams. Lugging a test system, even just a mini-ITX box with a monitor, to a public place is too much of a pain, and one person going to the other's home or commercial mining hideout is unlikely.

[gotminer]

Are we going to hold hands when we jump off the bridge together?

I hope so, Metroid.  

hehe, I guess if you are a miner then you go alone cause i'm not  aminer however if bitcoin continues to crash then is going to be my time to jump off the bridge hehe

I guess that dumbass was slightly "WRONG" His mommy probably bought him a new puter or something.  Metroid is the equiv of tia lopez, with a more whiney voice, and the opposite opinion.

[philipma1957]

I am willing to sell some of these


https://www.amazon.com/gp/offer-listing/B076X89CWV/ref=sr_1_1_olp?ie=UTF8&qid=1516420705&sr=8-1&keywords=evga+1070+ti+hybrid&condition=new


https://www.evga.com/products/product.aspx?pn=08G-P4-5678-KR

at close to retail 

615 for 1
1200 for 2

 slightly used  with 33 months of the  3 year  warranty that transfers

btc or ltc

I figure I paid 590 mined since nov earned 1 to 4 bucks a day for 75 days  so say 150-165 profit if I sell  1

and about 300 profit if I sell 2