Is your local Craigslist / Kijiji flooded with GPUs ?

[philipma1957]

Mining is very risky, and compared to just buying coins when they are low, probably not as profitable.  Its a really, really, really good investment if you know what you are doing and will stay informed and interested over years and keep at it.  just dont think its easy.

Investing is a lot more risky - someone that bought into Bitcoin (or pretty much any cryptocoin) in January has already lost well over half of their investment, while a MINER has generally been making money over that timeframe if they don't have crazy-high power rates and use fairly recent equipment.

The "up" side of investment can be a lot higher - but the "down" side is also a LOT lower - compared to mining.


I'm still not seeing ANYTHING on current cards locally for less than MSRP, and the few listings I AM seeing are still at a premium.
Downside of being in a "super cheap" electric rate area - folks around here are NOT turning off their rigs yet.

my rigs are paid off.

if a 1080ti set to 200 watts uses 5kwatts a day at 20 cent power that is a dollar in power cost.

As long as the card earns more then a dollar a day may as well run it.

[antantti]

 

You guys really need to up your game.

[Za1n]

Not really seeing much in the way of cheap GPUs in my area either, the few that are listed are still going for close to $150% premium over the MSRP. I expect more, and cheaper, listings to appear closer to the shipping date of the E3 miner.

[QuintLeo]

Not really seeing much in the way of cheap GPUs in my area either, the few that are listed are still going for close to $150% premium over the MSRP. I expect more, and cheaper, listings to appear closer to the shipping date of the E3 miner.

I don't - the E3 is a pretty big risk, given the current timeframe the ETH developers are talking about for Casper deployment and the very small amount of market for a ethash miner after ETH goes fully Proof of Stake.

I DO expect to start seeing a few GPUs pop up at reasonable used pricing if coin prices keep sliding, or stay steady and Bitmain manages to build a TON of E3 units and sell them all.

It does look like they're having a bit harder time moving them than they anticipated, given the move to "allow 5 per buyer" instead of the initial 1 limit.

[meru890]

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

[leonix007]

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

well there are some people who are called stupid that are willing to buy I guess, if ASIC manufacturer will sell on this pricings I bet my GPU's are still worth it. Long Live GPU..Lol

[QuintLeo]

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

It won't be obsolete in a couple of months - even when ETH goes proof of stake (PERHAPS by the end of the year, but I'd guess it's more likely to happen 1H 2019 for FULL POS) there will still be the other ethash coins for it to eek out a pittance income on.

My guess is that they misentered the price when they put the second batch up, and will correct it Monday - $1800 has pretty close to ZERO chance of ever paying for itself unless ETH pricing (or pricing on one of the other ethhash coins) jumps in a BIG way sometime in the next month or two.

[leonix007]

Seems this thread is worth to be up, I'm now seeing a lot of used GPU's and mining rigs on sale

chasing profitable coins for GPU is harder and harder

added ASIC and FPGA entries later on

GPU mining Fate..

History repeats..

[Suslived]

Seems this thread is worth to be up, I'm now seeing a lot of used GPU's and mining rigs on sale

chasing profitable coins for GPU is harder and harder

added ASIC and FPGA entries later on

GPU mining Fate..

History repeats..

Yeah and it's almost exactly one year later. I hope this thread gets posted on again next year.

Hopefully speaking, if the trend continues like last year, we should see mining profitability boom again from July to December 2018. Of course, this is a very optimistic outlook. We may see the same thing again, but for FPGAs and ASICs this time around.

[Rasanders22]

Just checked the bitmain website and the second batch of the e3 hash is listed for 1800 dollar. Maybe the first batch was cheap but 1800 Dollar (180 mh/s and 800w) for an asic is a actually a horrendous price. Who is gonna buy such an overpriced asic which will be obsolet in a couple of months and the hardware will have zero resell value?

Thats 450 day pay off for an ASIC. Not worth it at all. I get 185 mh/s @ ~700 watts and can mine any algo I want and could still sell my gpus to miners if I chose to.

[adaseb]

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

[Mindin]

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

Dont think you will ever reach that $5/day/RX 470 profit levels. The way BTC keep dropping, mining will return a deficit and not a profit after elec.costs.

[stolarzz]

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

In bearish market they are less coins profitable to mine so diff is higher, when prices are going up more coins is profitable and diff is going down a bit or stay the same level. When they are extreamly high profits per card many ppl start buying GPUs and diff start rising again So it's normal market process imo.

[Bameras]

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

In bearish market they are less coins profitable to mine so diff is higher, when prices are going up more coins is profitable and diff is going down a bit or stay the same level. When they are extreamly high profits per card many ppl start buying GPUs and diff start rising again So it's normal market process imo.

I agree. I just make the GPU work more efficiently, so they will generate less heat.

[Mindin]

Surprised to see this thread bumped up. Almost forgot I created it last year.

It's funny how it was almost a year later for mining profitability to drastically reduce to the point where we see loads amounts of GPUs all over Craiglists and eBay.

I also wonder too if we will ever get a mining boom again. Even if the ETH and BTC prices finally start going back up, the difficulties are just crazy high to go back to the $5/day/RX 470 profit levels.

In bearish market they are less coins profitable to mine so diff is higher, when prices are going up more coins is profitable and diff is going down a bit or stay the same level. When they are extreamly high profits per card many ppl start buying GPUs and diff start rising again So it's normal market process imo.

I agree. I just make the GPU work more efficiently, so they will generate less heat.

It will also generate less heat, that will be most helpfull during hot summerdays. Multiple gpu rigs will consume a lot of electricity and generate a lot of heat.

[adaseb]

Well looks like on eBay there are a few low end RX 470 4GB that went for about $130-$140 USD per GPU.

This is actually the first time I am noticing these GPUs being sold for less than their original MSRP.

[adaseb]

UPDATE:

Basically I am noticing many GPUs, PSUs, entire rigs, ASICs finally popping up everywhere on Craigslist and eBay.

It seems the loss for the RX gpus isn't as bad. I think they are going for around $150 USD and retail was like $200 USD if you bought during MSRP. This is for the low end RX 470 4GB models. The 480 8GB is usually $50-75 more.

I think the biggest loser is the 1080Ti which is going for as low as $500 USD and these retailed a few months back for what? $850 USD if I recall correctly.

So the prediction that "Nvidia GPUs hold their value better than AMD" is basically false...

[gotminer]

Not much of anything on CL here.  Some 1050's and 1060's.  $1400 for a 5X 1060 rig.  $2600 for a 6X 1070 Zotac Mini rig.  $1500 for a 3X 1070 rig.  $800 for a lone 1080ti ... Lol.  A few people asking way to much for older hardware that I wouldn't give anything for.

[Metroid]

So the prediction that "Nvidia GPUs hold their value better than AMD" is basically false...

It's false cause only ethash which is, still measly profitable and amd cards hold the cost performance advantage, if equihash was the survivor asic algo then nvidia would be holding that advantage. It's a no brainer.

[damba_]

I found mining rig with 6x gtx 1060 3gb for 1000$.
But even at that price, by current profitability it would take me 2 year for ROI.