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Author Topic: 70$ 5850 keep or sell  (Read 1438 times)
gopher
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July 29, 2011, 12:18:17 AM
 #1

Just picked up a used 5850 for 70 $ .. Should I mine, or put on ebay and more than double my money, and purchase the bitcoins with the profit? I want to mine, but I would be stupid not to sell this
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Elder III
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July 29, 2011, 12:28:23 AM
 #2

You can sell if for $170 all day long on ebay if you want to.... or mine with it - won't take long to make back $70 at the hash rate it is capable of.

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pandemic
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July 29, 2011, 12:36:25 AM
 #3

Could pass the deal on... to me... Cheesy

I'd mine with it. Is there a warranty? If it's a year or three, mine it for half of the warranty period then sell.
Dargo
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July 29, 2011, 12:39:11 AM
 #4

Nice find! Personally, I would mine with it. Who knows, you might even get more for it if you wait a while to sell when the supply of new 5850s completely dries up. It's still possible to get them new for around 150 - 160 when a sale pops up, but that won't last forever.
MrWizard
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July 29, 2011, 12:46:20 AM
 #5

You can sell if for $170 all day long on ebay if you want to.... or mine with it - won't take long to make back $70 at the hash rate it is capable of.

I mine with one 5850.  My estimation based on the price trend of bitcoins is that it will take you ~5 months to mine $170.  Do you need $170 now or in ~5 months?  It's up to you.

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gopher
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July 29, 2011, 01:43:31 AM
 #6

Ha I knew I asked in the right place, im keepin in. to0tal mining power will be 4x5830+1x5850. Keep your eyes on craigslist for good deals
Jack of Diamonds
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July 29, 2011, 01:49:14 AM
 #7

Mine with it, very profitable considering you picked it up for $70 & it yields 400mhash/s at best.

In fact at the current & upcoming difficulty you'll pay it off fully within about 2-3 weeks. Not just that, but it has a real resale value of at least $120-$150.

So congrats, you stumbled onto free money (well, minus the power costs.. No free lunch)

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haploid23
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July 29, 2011, 05:26:03 AM
 #8

if you don't need instant money, just mine with it until you don't want it anymore, then sell it.

gopher
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August 02, 2011, 12:40:11 AM
 #9

 Grin Grin Grin got the 5850 running, i can only pull 340mhash from it, but i think its because of a weak powersupply. new one in route. I checked my status on the slush pool. i finally found my first block! woohoo! i know i dont get anything extra, but it is cool! Just started on july 22 , now i am feeling lucky. Solo mining seems a bit more complicated with more security concerns. I have to setup a pc running the bitcoin program in server mode and have it on the net 24/7. this opens my wallet.dat up to the network, right?
Supercrit
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August 03, 2011, 06:37:29 AM
 #10

Keep for sure, 70$ is probably the price of this card 2 years after lol, now you can still find 4850 bit lower than this price, 4870 at 80ish
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